Post
Topic
Board Bitcoin Discussion
Re: Bizarre news: One of the founders of bitcoin.com has sold all his bitcoin
by
Mr.Smithers
on 19/12/2017, 07:42:28 UTC
Co-founder of bitcoin.com Emil Oldenburg, is extremely skeptical of bitcoin’s future. He calls it the riskiest investment one can make at the moment and blames it on the market liquidity. He also has sold all his bitcoin and switched all of them to bitcoin cash. What do you think of this? Do you think this sort of news will drive people away from bitcoin and it will all fall off one day or he's just paranoid for no reason?

The most important part of what you have just written is the liquidity part. With such a  bitcoin network congestion that we are observing today, if something happens and everybody panic sells, you will not be able to execute your trade for weeks and weeks. So he was right to get out of it ahead of time. At least, if BTC and BCH sink, both, he will be able to get out of his investment in BCH.