Bizarre news: One of the founders of bitcoin.com has sold all his bitcoin

[Slow death]

he applicate buy low , sell high

after 1O years profiting from bitcoin He calls it the riskiest investment one can make at the moment

as he already made lots of money, ie he already made huge profits now he is leaving the train, this would be something very normal, but he sell bitcoin to buy bcash was something kinda risky... if bitcoin drops, bcash and other altcoins also fall, unless those supporters of bitcoin cash still believe that bcash will overcome bitcoin and one day bcash will be worth $17000

So what? Maybe he needs money for something not related to business at all or he's decided to retire. I don't know how much he sold (can't find in any article) but if I had close to 1mil in btc, I'd sell them and enjoy the rest of my life with that money, invest in some business like a caffe, sit back and relax.

do business in real life is always safer, but open a business in real life is something very difficult, I for example want to open a company in my country and I'm already dealing with the processes, but there are many expenses with bureaucracy and construction of the company . As for the question of the source of this news, I would also like to know where the source link of this news

[jaka331]

Every investment is risky, especially in crypto market.
Maybe he exited his position and will look to reenter when BTC consolidates.

[Lucius]

This is not a bizarre news at all if we know that he is friend of Roger Ver and that site is one of the biggest promoters of BCH.So they are again trying to attack BTC with the money from selling BTC and now pumped in BCH.Maybe that's the reason why price is drop on all exchanges in this moment, but I'm sure it will not take long that BTC move upward again.

When SegWit and LN finally start to working BTC will be more powerful than it is today

[lighpulsar07]

This is not very surprising news since his friend, Roger Ver were a big supporter of bitcoin cash and bitcoin.com were a biggest promoters of bitcoin cash after these years profiting from bitcoin, and now he's calling it the riskiest investment just like that but i must admit he is right bitcoin is very unstable and the transaction fees are very high at the moment and i hope LN could be a game changer after it realease.

[Netnox]

Co-founder of bitcoin.com Emil Oldenburg, is extremely skeptical of bitcoin’s future. He calls it the riskiest investment one can make at the moment and blames it on the market liquidity. He also has sold all his bitcoin and switched all of them to bitcoin cash. What do you think of this? Do you think this sort of news will drive people away from bitcoin and it will all fall off one day or he's just paranoid for no reason?

I am not much bothered about it. After all, he converted his Bitcoin to Bitcoin Cash, rather than converting them to fiat. It is an interesting sign. I am OK as long as Bitcoin Cash benefits from the fall of Bitcoin. Because I have almost equal amounts of both BTC and BCH.

[xPPx]

Bitcoin devs need to get their stuff together. Egos will be the killer of Bitcoin, not BitcoinCash...

[Indrawan77]

Bitcoin devs need to get their stuff together. Egos will be the killer of Bitcoin, not BitcoinCash...

Definitely, but I dont see any light yet, infact there are more and more forking coming that said can rescue bitcoin and become the real bitcoin, the one that I see the developers ego that want to reap profit not making any better condition for crypto currencies, and bitcoincash has gather quite a lot of investors, due to the cheaper transaction and cheaper fee, but the real things is they used bch for profit