Verge bucking the trend
Posted: Thu Apr 12, 2018 3:30 pm
The crypto markets are obviously most sensitive to what happens to BTC and generally the markets react badly to bad news (just like the stock market).
But the Verge block chain is compromised for a while and some people (I don't know enough detail to form an opinion one way or the other) seem less than impressed by the reaction of the Devs. And yet, Verge has actually gained 20% in value since the hack. I assume it's to do with the upcoming announcement on the 17th but even so, until that announcement materialises (more to the point, until the "big-partner" is named publicly) then nothing is certain. I find it amazing that people are putting lots of money into Verge, after all the bad news and just on a 'promise' of something big happening.
Am I the only one so cynical that I expect the announcement on the 17th to turn out to be less than tangible, but in the meantime, big holders of Verge will have made lots of money selling before the 17th?
But the Verge block chain is compromised for a while and some people (I don't know enough detail to form an opinion one way or the other) seem less than impressed by the reaction of the Devs. And yet, Verge has actually gained 20% in value since the hack. I assume it's to do with the upcoming announcement on the 17th but even so, until that announcement materialises (more to the point, until the "big-partner" is named publicly) then nothing is certain. I find it amazing that people are putting lots of money into Verge, after all the bad news and just on a 'promise' of something big happening.
Am I the only one so cynical that I expect the announcement on the 17th to turn out to be less than tangible, but in the meantime, big holders of Verge will have made lots of money selling before the 17th?