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One of the co-founders of bitcoin.com has sold all of his bitcoin

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posted on Dec, 20 2017 @ 08:56 PM
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I did a search and dud not see thus article posted. I thought that this should be substantial news for those here that speak the bitcoin.


Bitcoin.com is one of the world's largest bitcoin sites, having grown its profile this year thanks to the remarkable price surge of the cryptocurrency. But its cofounder and CTO, Emil Oldenburg, a Swedish native, is extremely skeptical when it comes to bitcoin's future.

"I would say an investment in bitcoin is right now the riskiest investment you can make. There's an extremely high risk," he says in an interview withSwedish tech site Breakit.

Although Oldenburg is far from the first to criticize the cryptocurrency's viability as an investment asset, his position as an industry insider does stand out - even as he migrates to its spinoff, bitcoin cash (BCH).

"I have in fact sold all my bitcoins recently and switched to bitcoin cash," he says, referring to the currency that split from bitcoin in August and recently overtook Ethereum as the world's second-largest cryptocurrency. Bitcoin Cash has also gained the strong support of Oldenburg's co-founder, Roger Ver.



www.businessinsider.com/one-of-the-co-founders-of-bitcoincom-has-sold-all-of-his-bitcoin-2017-12

Is the bubble about to burst. If everyone sells then it will.

If this has been posted before then please delete.

edit on 20-12-2017 by liejunkie01 because: Link

edit on 20-12-2017 by liejunkie01 because: (no reason given)




posted on Dec, 20 2017 @ 09:00 PM
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Hmmm, may be the right time to get out of Bitcoin.



posted on Dec, 20 2017 @ 09:03 PM
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a reply to: liejunkie01

Your link does not work.



posted on Dec, 20 2017 @ 09:06 PM
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originally posted by: Blueracer
a reply to: liejunkie01

Your link does not work.


I think I fixed it. Sorry



posted on Dec, 20 2017 @ 09:07 PM
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originally posted by: whywhynot
Hmmm, may be the right time to get out of Bitcoin.


If it drops alot I am going to buy more.



posted on Dec, 20 2017 @ 09:08 PM
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originally posted by: notsure1

originally posted by: whywhynot
Hmmm, may be the right time to get out of Bitcoin.


If it drops alot I am going to buy more.


If it tanks then I might buy some as well.



posted on Dec, 20 2017 @ 09:10 PM
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a reply to: liejunkie01

Guy(s) who created Bitcoin who started off with their set amount of bitcoins now starting to sell off their digital coins?

Make you wonder...



posted on Dec, 20 2017 @ 09:11 PM
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originally posted by: liejunkie01

originally posted by: Blueracer
a reply to: liejunkie01

Your link does not work.


I think I fixed it. Sorry

Hot linking on ATS costs money. Use the link icon in tool bar above edit window (square with arrow). Its one of these...

google search



posted on Dec, 20 2017 @ 09:11 PM
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What did he get for all those bit coins?



posted on Dec, 20 2017 @ 09:17 PM
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originally posted by: intrptr

originally posted by: liejunkie01

originally posted by: Blueracer
a reply to: liejunkie01

Your link does not work.


I think I fixed it. Sorry

Hot linking on ATS costs money. Use the link icon in tool bar above edit window (square with arrow). Its one of these...

google search


I keep trying to use the function, but my link always does not work. That's what I did at first. I'll work on it.



posted on Dec, 20 2017 @ 09:20 PM
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originally posted by: notsure1

originally posted by: whywhynot
Hmmm, may be the right time to get out of Bitcoin.


If it drops alot I am going to buy more.


The wonderful thing about a market based system is that for every seller there is a buyer.


+3 more 
posted on Dec, 20 2017 @ 09:21 PM
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a reply to: liejunkie01

When your grandparents, barber and checkout clerk are all talking about and buying Bitcoin it is time to get the hell out. This is based on my experience of 30+ years investing in the market.



posted on Dec, 20 2017 @ 09:33 PM
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Interesting, the Litecoin founder Charlie Lee, says he sold all of his LTC. Source

originally posted by: strongfp
a reply to: liejunkie01

Guy(s) who created Bitcoin who started off with their set amount of bitcoins now starting to sell off their digital coins?

Make you wonder...


No, they created the website Bitcoin.com, not Bitcoin itself.



posted on Dec, 20 2017 @ 09:36 PM
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originally posted by: dreamingawake
Interesting, the Litecoin founder Charlie Lee, says he sold all of his LTC. Source

originally posted by: strongfp
a reply to: liejunkie01

Guy(s) who created Bitcoin who started off with their set amount of bitcoins now starting to sell off their digital coins?

Make you wonder...


No, they created the website Bitcoin.com, not Bitcoin itself.


Good to know ... still makes me wonder.



posted on Dec, 20 2017 @ 09:42 PM
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originally posted by: strongfp

originally posted by: dreamingawake
Interesting, the Litecoin founder Charlie Lee, says he sold all of his LTC. Source

originally posted by: strongfp
a reply to: liejunkie01

Guy(s) who created Bitcoin who started off with their set amount of bitcoins now starting to sell off their digital coins?

Make you wonder...



No, they created the website Bitcoin.com, not Bitcoin itself.


Good to know ... still makes me wonder.


It sure does. I own some BTC, so in a way don't blame them wanting to cash out, for any what ifs, from a crash-which I don't ever see it going under 100 bucks again- to it just going below 15 thousand again or so.

FYI if you wanted to know the BTC founder is Satoshi Nakamoto(units of the coin are called Satoshis)-but no one knows(but there has been claims) if that is a person or a ground of people.



posted on Dec, 20 2017 @ 09:55 PM
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a reply to: liejunkie01

The same happened with one of the up-and-ups for Litecoin, same time.

Hmmmm....



posted on Dec, 20 2017 @ 10:09 PM
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a reply to: liejunkie01

This was, IMO, extra hype for the bitcoin cash coin being released on the exchange, Coinbase. Lots of shady stuff in the past two days.



posted on Dec, 20 2017 @ 10:23 PM
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Hmmm, well that’s unsettling. Actually if you held bitcoin during the time of the fork, you will own equal amounts of both.

So he sold the newer bitcoin to get twice as much?

Is it the case that Bitcoin Cash is the original Bitcoin?



posted on Dec, 20 2017 @ 10:43 PM
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Never place your bets on a single horse people.

DIVERSIFY.

Ripple has almost broke $1.00.

Litecoin has gone from under $20 bucks earlier in the year to over $300.

Ethereum had some awesome gains too.

Bitcoin cash is having a snip load of money pumped in to it.

Massive buys with corresponding sells on BTC today.
edit on 20-12-2017 by neo96 because: (no reason given)



posted on Dec, 20 2017 @ 11:53 PM
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a reply to: liejunkie01


I thought it was the founder of Litecoin, if this is true then it looks dire.




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