Brian Kelly: the collapse of the Bitcoin – only temporary difficulties
Source:Unfortunately captainvalor, on the eve of BTC has fallen more than 11 percent during the day. It was one of the most important sales of coins for the whole of 2018. In the transmission of Fast Money on CNBC, founder and CEO of BKCM Brian Kelly explained the recent drop in BTC and the rest of the market around . In fact, formed two camps. One of them lead CoinGeek and Calvin Ayre and the other dominated by ABC , ViaBTC and Jihan Wu. The consensus did not come as ahead of the hard forks BCH, and after it.
theWhy Bitcoin Cash affects the rest of the market?
Recall, Bitcoin Cash Bitcoin ottorgovalis from last year. Now inside Bitcoin Cash overdue issue of separation. Although usually all are only too happy to update the code and implement new functionality, here the majority was against. All anything, but only the war affected the rest of the stock market. Camp Calvin Ira called Bitcoin SV started the race hash capacity and threatened to make a 51% attack on the Bitcoin network Cash.
In turn have a strong impact on the mining industry in China. To overcome CoinGeek and Ira, the largest manufacturer of mining equipment and the pool operator Bitmain can also switch all the power from BTC to BCH, writes CCN. If this happens, the hash rate of Bitcoin is significantly reduced, which will lead to serious problems in the production of new units and the General slowdown of the network.
Source: Newscryptocoin
According to Brian Kelly, it's more likely to be short-term fluctuations and is unlikely to turn into a real threat to the Bitcoin network. However, it is important to understand that the crisis of the first cryptocurrencies will inevitably affect the entire market, including Bitcoin Cash. And whose side are you? An opinion you can Express in our .
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