Connect with us

Hi, what are you looking for?

Money

Co-Founder of Bitcoin Sells All of His Stash

But why?

Photo by Kanchanara on Unsplash

Bitcoins have always been shrouded in secrecy and with the fluctuating market, there is no concrete way of measuring wealth. With the unstable environment, that bitcoin inhabits it might be the safest bet to sell now rather than later. 1 bitcoin is equivalent to about 1,4010.15 USD. These are used for currency in the deep web- which is the bottom of the iceberg when it comes to the internet.

The co-founder,  Emil Oldenburg, of bitcoin states:

It is an extremely high risk. I’ve actually sold all my Bitcoins recently and switched to Bitcoin Cash.

It costs a lot to transfer Bitcoins to and from the stock exchanges. When I sold my BTC I had to pay $50 and wait 12 hours or the transaction to go through because of this.

Bitcoin.com has ‘stopped developing new services for the old bitcoin network’ and now primarily focuses mostly on Bitcoin Cash, which was launched in August.

The old Bitcoin network is virtually unusable. It’s at Bitcoin cash that the solutions are, that’s where I see a future.

Bitcoin cash is a project that handles deep web currency with more stable hands. All the experts say that wealth amassed in bitcoins will crash to 0 soon so I guess it would be a safe bet to cash in now.

For more information on bitcoins, the currency is now 6th in the world.

Written By

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Support Real Ones. Fund the Future.

If you read this far, you get it: young voices matter. At TRILL, every story is written by emerging writers telling the truth in a media landscape that too often silences them.

We run ads, yeah. But they don’t run us. We’re independent, mission-driven, and powered by people who believe young storytellers deserve more than just “exposure.”

Your donation goes straight to mentorship, editorial support, and launching the next wave of Gen Z writers into media careers that matter.

If that matters to you, chip in. Even $5 helps keep TRILL free, fearless, and independent.

Donate Now →
Advertisement
Advertisement

You May Also Like

College

Getting a job? In this economy? Hopefully!

College

The harrowing ten-year tale of a woman who's very bad at college.

Beauty

I Spend 50 Percent Less Than Most Students: Here Are My Top 10 Little Known Beauty Hacks

TV & Film

Red Rooms is a film that has quite a statement about society. Has this dark thriller exposed many people's true crime obsession?