A founder of largest site Bitcoin "Declares" bitcoin Virtually Unusable

[jorse]

Hello everyone , This News about the founders of a great bitcoin website in the world, Selling all bitcoin currencies and (Telling) investing in bitcoin currencies is a very high risk & currency is (Virtually Unusable), "and which I think, can happen because quoted from the high transaction costs now" ,hopefully the solution can be found ....   , So ....What do you think about it ??

https://www.standard.co.uk/news/world/cofounder-of-one-of-the-worlds-largest-bitcoin-sites-has-sold-all-his-bitcoins-saying-the-currency-a3723576.html

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[maeusi]

Either he wants to accelerate the success of the BCH or push the bitcoin price for tactical reasons, I think. Although the priorities with the transfer time and the fees are serious. I am looking forward to the upcoming days.

[Core007]

LOl BCH and BTG pump and dump seen all this before, sorry not biting.

[jtipt]

He isn't completely wrong in current state of high fees and high confirmation times, it's almost impossible to use BTC as an currency. But I doubt he has sold all his bitcoin, even if btc is unusable, it's still damn good investment. And well the BCH is pump is just because coinbase now has BCH.

[pugi2]

Either he wants to accelerate the success of the BCH or push the bitcoin price for tactical reasons, I think. Although the priorities with the transfer time and the fees are serious. I am looking forward to the upcoming days.

This time, the transfer time and fee are very serious. It can pull the the price down.
Thats why he think selling is the best thing. For me i will also wait some time to see the progress.

[TimeTeller]

He isn't completely wrong in current state of high fees and high confirmation times, it's almost impossible to use BTC as an currency. But I doubt he has sold all his bitcoin, even if btc is unusable, it's still damn good investment. And well the BCH is pump is just because coinbase now has BCH.

Even if there are disadvantages of using bitcoin, still, no doubt BTC is still the top digital currency in terms of usage and popularity.
So maybe, he's just saying that but in reality he has still some BTC reserves. We don't know the real facts here.
He's only of those btc holders that "sold" his coins and other people who own btc are still buying more as they see it as a good investment.
So no need to panic selling your own bitcoin. Just another disrupting news in crypto world.

[pawanjain]

This is a clear strategy of Pump and Dump. As soon as Coinbase announces that it will support Bitcoin Cash the evil mind of BCH owners come into play. They made a  strategy to use this news for their benefits. The founder of the Bitcoin site is a huge supporter of Bitcoin cash and is obviously following the orders to FUD Bitcoin and create a hype about BCH. The strategy is going as per their plan as we can see that Bitcoin has gone down in value and Bitcion Cash has crossed $3500 on global market and $8500 on Coinbase. This clearly looks like another pump and dump of BCH to me as the same happened a month back.

[CherRic]

Hello everyone , This News about the founders of a great bitcoin website in the world, Selling all bitcoin currencies and (Telling) investing in bitcoin currencies is a very high risk & currency is (Virtually Unusable), "and which I think, can happen because quoted from the high transaction costs now" ,hopefully the solution can be found ....   , So ....What do you think about it ??

https://www.standard.co.uk/news/world/cofounder-of-one-of-the-worlds-largest-bitcoin-sites-has-sold-all-his-bitcoins-saying-the-currency-a3723576.html

I think that's a good strategy. It is a good publicity so that more and more bitcoiners will sell out their bitcoins into lower prices. They wont stop bitcoin because right now, its price is really high and developers will benefit from it.

[rodskee]

Hello everyone , This News about the founders of a great bitcoin website in the world, Selling all bitcoin currencies and (Telling) investing in bitcoin currencies is a very high risk & currency is (Virtually Unusable), "and which I think, can happen because quoted from the high transaction costs now" ,hopefully the solution can be found ....   , So ....What do you think about it ??

https://www.standard.co.uk/news/world/cofounder-of-one-of-the-worlds-largest-bitcoin-sites-has-sold-all-his-bitcoins-saying-the-currency-a3723576.html

The reason is because he want to promote the bitcoin cash to replace bitcoin in the market being currency, thats only an strategy to stop people investing in bitcoin in that tactics have possiblity to goes down bitcoin, but i think the people believing in bitcoin and understand the importance of bitcoin are continue to invest in bitcoin even have risk to invest.

[indiangrad]

Being associated to bitcoin dot com domain gives BCH undue advantage.

Though the BTC txn time and fees are a serious challenge now.

[Glory90]

Hello everyone , This News about the founders of a great bitcoin website in the world, Selling all bitcoin currencies and (Telling) investing in bitcoin currencies is a very high risk & currency is (Virtually Unusable), "and which I think, can happen because quoted from the high transaction costs now" ,hopefully the solution can be found ....   , So ....What do you think about it ??

https://www.standard.co.uk/news/world/cofounder-of-one-of-the-worlds-largest-bitcoin-sites-has-sold-all-his-bitcoins-saying-the-currency-a3723576.html

He is right, Bitcoin transaction fees and long waiting time for Bitcoin transaction is disgusting to me but i think that person's opinion is like promoting BCH  if indeed the problem is fees and time of the transaction why they choose BCH?  the same problem will threaten BCH in the future because BCH is a fork of Bitcoin and BCH is not the best in terms of fee and transaction time

[pooya87]

let me see.
the founder of largest bitcoin site means the owners of bitcoin.com. and who are they? the answer is the same people who created bitcoin cash!

it doesn't get any more obvious than this! do you think someone who created something is going to say the competition of that thing is good and say they are investing in the competition? no they are going to say they have dumped the competition and bought their own creation.

in reality they are the biggest owners of bitcoin who just spread this FUD in order to do two things: pump bitcoin cash and make profit from the rise, also cause a drop in bitcoin so they can buy more of it at the bottom.

[coin163]

The btc core devs really fucked themselves and those who believed in them.
He sold out and spread FUD to support the new place he moved to. That's BCH. The  it make his bag full of cash as BCH rising 300% recently

[farhaan]

Either he wants to accelerate the success of the BCH or push the bitcoin price for tactical reasons, I think. Although the priorities with the transfer time and the fees are serious. I am looking forward to the upcoming days.

Yes,his motive is to dump bitcoin price any way and to promote BCH.Earlier his friend roger,the bitcoin antichrist tried his best pumping BCH creating a record in the crypto coin history by pumping BCH to reach $1,800.But at last,it failed and could not replace bitcoin.Now,on seeing wall street firms entering bitcoin market and bitcoin price reaching ATH,they are helpless and have started to scream at bitcoin that bitcoin is virtually unusable.But its just a temporary issue and would get fixed soon by activating lightning network.Poor boys,let them shout.

[Kakmakr]

These BCash Cheerleaders will do anything for a bit of attention and free Press. The strategy has always been to tell anyone that BCash is the Real Bitcoin and the Real Bitcoin is trash. The funny thing is, if it was not for Bitcoin <BTC> then they would not have had a Coin.

Strange how a bunch of BTC supporters made bags full of money from Bitcoin <BTC> and now they turn their back on BTC, to ride the next wave. <Starting the process all over again, with a new coin> Once they made enough money from BCash, will they turn their back on that to? I think so...

[nikjain422]

Everybody can understand that this has been a clear strategy from Bcash owner and Bitcoin website owner to declare Bitcoin unusable.Though this has affected slightly to bitcoin and has given slight edge to bitcoin cash. But this dirty game of a sharp mind has done trick but will not last for long.This pump and dump strategy is too old to last longer.