Barry Silbert: hardwork Bitcoin Cash harmed the entire industry of crypto-currencies

Date:

2018-12-04 03:15:07

Views:

4279

Rating:

1Like 0Dislike

Share:

Barry Silbert: hardwork Bitcoin Cash harmed the entire industry of crypto-currencies Source:

Recall that in late October, kryptonyte caused a surge of interest among the public. On the background of the collapse of the Bitcoin number of search queries on the crypt rose to a 4-month high. However, users also often sought « Cash» coins. Chief analyst, eToro's Mati Greenspan hastened to announce that we finally return to the bull trend.

Is this Really so and what role was played by the separation of the blockchain the Bitcoin Cash? CEO, Digital Currency Group is Barry Silbert in an interview with CNBC told why BCH will only distract investors from the main issues of the industry.

the

do Not pay attention to hardforce

According to Silbert, the lion's share of the attention of cryptoendoliths was just sprayed into nowhere. Hardwork Bitcoin Cash — is not so serious that you need to devote as many notes in the media. GDC CEO admitted that he's not a fan . However in the debate he will always be on the side of the original Bitcoin, and not forks.

Hardwork is a distraction. Hardwork Bitcoin Cash caused industry damage, but if Bitcoin will still come out of this situation a winner, it will once again prove the stability of the main cryptocurrency. She'd already tested the strength of the competitors and never surrendered.

After discussion, the BCH Silbert back to the main issue — the current state of the market and the reasons for its rapid fall. According to experts, a major role in the incident played a draining funds that hold very risky positions in technology stocks and cryptocurrencies. The stock drop resulted in the need to minimise losses, so large investors have begun to dump your bitcoins.

Silbert also remembered about ICO. It turns out that startups have played a crucial role in the fall of Ethereum and other altcoins. We will remind, earlier we already wrote about the massive stocks with ETH commands ICO.

Recommended

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...

Hacker 1337. How to hack Etherscan not to cause any harm

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

The appetite of Asian markets to Ripple growing. XRP will go up?

The appetite of Asian markets to Ripple growing. XRP will go up?

Ripple Inc continues to focus on expanding its services and entering new markets. Having won numerous customers throughout the Americas and Europe, the next logical strategic target of the company is Asia. The head of the Departme...

Tom Lee: Bitcoin is the best investment of the coming year

Tom Lee: Bitcoin is the best investment of the coming year

the Market is recovering after the fall of Bitcoin, and the first experts render their verdicts regarding the current situation. The main supporter of the crypts on wall street, Tom Lee recently gave an interview with Cointelegrap...

Why should I buy Bitcoin and beware of the ICO? The analyst

Why should I buy Bitcoin and beware of the ICO? The analyst

hesitant to buy right now? Listen to the advice of Bobby Lee. Recently, one of the most famous cryptoendoliths explained why novice and experienced investors should invest in cryptocurrencies. He also warned newbies away from ICO ...

The bulls came back with the price of altcoins this week?

The bulls came back with the price of altcoins this week?

After 11 months of steady decline altcoins seem willing to make the first noticeable jump up. Litecoin, Monero, Stellar Lumens and Cardano now came to the support lines, so it makes sense to expect a small rebound. Don't forget we...

November for 2Miners: personal success for solo-miners, night mode and optimization of nod for Ethereum

November for 2Miners: personal success for solo-miners, night mode and optimization of nod for Ethereum

On the calendar it's December and that means two things. First, you need to think about gifts for loved ones on New year. Secondly, it is time to take stock of Nov for mining-pool . Over the past month the developers have added a ...

The future is here: Asus will allow gamers to earn on cryptocurrencies

The future is here: Asus will allow gamers to earn on cryptocurrencies

the tech giant will allow gamers to use the excess computing power of graphics cards for mining cryptocurrency. Such a statement, the Taiwanese company made the day before after signing the partnership agreement with the applicati...

Time to analyze: will Bitcoin rise this week?

Time to analyze: will Bitcoin rise this week?

last week, Bitcoin fell back above $ 4,000. But to deceive yourself is not worth it — bitcoin is still falling. For the full reversal and the beginning of the uptrend, it needs to go above the resistance line, the nearest point wh...

Acne Buterin: the HYIP will not, but cryptocurrencies will gain wide acceptance

Acne Buterin: the HYIP will not, but cryptocurrencies will gain wide acceptance

One of the main creators of the third-largest cryptocurrency Vitalik Buterin gave an interview to the resource Smart Valor. The main emphasis is on the evolution of cryptosphere. He also spoke about his vision of the next wave of ...

All ready: Litecoin may rise this week

All ready: Litecoin may rise this week

looks Like Litecoin soon jumps again to the delight of investors. Seventh by market capitalization in the morning, the cryptocurrency is trading at 32$. While her schedule looks very promising so AMBCrypto experts recommend to clo...

While holding: Ethereum again on the verge of a new drain

While holding: Ethereum again on the verge of a new drain

Ethereum remains in third place in terms of capitalization among the top coins of the stock market. An asset is experiencing not the best times and is on the verge of a new wave of drain. To give investors at least a little confid...

Infographic: how much would an investment in Bitcoin in 2011?

Infographic: how much would an investment in Bitcoin in 2011?

Imagine that you previously did not dare to invest in Bitcoin. Now, this idea seems absurd, as the cryptocurrency brings to its investors huge losses for almost a year. While the future of Bitcoin looks misty — financial regulator...

CRYPTOMACH / Death of mining in Russia, a new message Satoshi, the bottom of the Bitcoin and the law on cryptocurrencies

CRYPTOMACH / Death of mining in Russia, a new message Satoshi, the bottom of the Bitcoin and the law on cryptocurrencies

On the street in December. A year ago Bitcoin was already flying towards record heights, but this time stuck at the level of $ 4,000. The subsidence rate has affected the industry as a whole, Hasrat networks of cryptocurrencies co...

Bitcoin SV — record for growth. Whether to continue the uptrend next week?

Bitcoin SV — record for growth. Whether to continue the uptrend next week?

Since the Cash was more than two weeks, so it is now possible to outline the future movement formed forks of Bitcoin and Bitcoin ABC SV. While both coins managed to gain enough capitalization to get into the top 10 cryptocurrencie...

Zero perspectives: a new study has put an end to the success blockchain solutions

Zero perspectives: a new study has put an end to the success blockchain solutions

a Team of experts from the us Agency for international development USAID reviewed 43 example of technology implementation of a distributed registry (DLT) in the industry. The study covered various projects whose clients were non-g...

Bitmain launches scriptindex for investors in 17 assets. Why is it needed?

Bitmain launches scriptindex for investors in 17 assets. Why is it needed?

Chinese manufacturer of mining equipment has launched its own cryptocurrency index. The company plans to provide market data for 17 of the largest digital assets in relation to market capitalization. About this manufacturer announ...

Growth will not be: the head of the SEC refuses to approve an ETF on the crypt

Growth will not be: the head of the SEC refuses to approve an ETF on the crypt

the Head of SEC J. Clayton said that the cryptocurrency exchange lacks transparency, therefore, the adoption of the cryptocurrency will not happen soon. Representatives of the Commission on securities and stock exchanges of the US...

Profit to be: Intel patented technology effective Bitcoin mining

Profit to be: Intel patented technology effective Bitcoin mining

mining still dominates the minds of people of its potential profitability. The trend has even succumbed to the leadership of Intel, which is now actively working to increase the efficiency of production of coins. According to the ...

Confirmed: November was the worst month for Bitcoin over the past seven years

Confirmed: November was the worst month for Bitcoin over the past seven years

Yesterday ended the worst month for Bitcoin over the past seven years. November 2018 brought the most losses to investors in the cryptocurrency. Recall, November 1, Bitcoin traded at 6341 dollar (the average price on the largest e...