Daily Crypto News

in #bitcoin7 years ago

Hello crypto fans

What a day again!

.Bitcoin exchanges prepare in case Bitcoin core chain split with Bitcoin unlimited:
http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/
BU would be live 1st April 2017:
https://bitcointalk.org/index.php?topic=1831570.0
https://twitter.com/btcunlimitedBTU

Expectations: Bitcoin price will have high volatility with probably a continuation of downtrend. Remember eth/etc drama last year? Took fews months for the price to recover. As every drama trading opportunities occurs.

.Shadowcash Panic:
SDC was going up strongly , with high expectations for his decentralised marketplace platform release. Investors was not ready to process yesteday news:
https://blog.shadowproject.io/2017/03/17/particl-a-new-platform/
SDC will rebrand as Particl, every SDC will be worth 1:1 ratio to Particl token. Switch is starting today and will last 30 days.
All informations available here:
https://particl.io/#stats
SDC.JPG

Expectations: The price took a big correction from 0.0040 to 0.00165 , if we look at fundamentals of what Particl propose and the structure of the switch from SDC to Particl. Only 15% dilution in SDC supply, so in theory the price should not be down so much if humans emotions was not at work. Supply available on exchange will proportionally decrease with each SDC switched to Particl and demand could increase with expectation of futur revenues for Particl token holders .
Traders and investors dislike surprise , short term price could consolidate in actual price range.

Disclamer : no responsible for your decisions.

Enjoy your day!

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