BTC For BTU At 1:1 Ratio!!!
Roger Ver the Bitcoin Unlimited supporter has agreed to One to one trade of BTU for BTC to show how confident he is in BTU. his offer stands at a minimum of 60000 up to 130000 BTC. he already got a buyer who is willing to do the trade.
Roger has announced that he is going to make the deal in next couple of days, but some believe he is going to find a way out because he is bluffing but some others believe he is going to make the transfer to show his confidence in BTU. up to now it seems he is backing his word with his action. good luck with that Roger.
Does it mean that a lot of users will ditch BTC to go full BTU? Is that why the price of Bitcoin is currently falling?
Actually the whole Bitcoin thing is questioned(mainly because elites' votes aren't unanimous), and by Ethereum going great , I thing a lot of people have found their alternative for Bitcoin
When the major BTC price dip happened after the SEC denial for the proposed ETF by the Winklevoss twins, it created a transition in volume to many altcoins out there. I say that because it happened to me. I only focused on bitcoin until that happened so I'm guessing it did the same to others
Like Ethereum, all these coins and the ones coming out through crowd sales are next-level technology compared to bitcoin. Also, the volume of these altcoins give people the opportunity to pull off some huge returns.
In my opinion, it basically just opened people's eyes towards these other crypto coins and now people are dumping their assets into coins like ETH and DASH