NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Bitcoin dot com co-founder sells his ‘useless’ Bitcoins

Martin Young
Martin Young
1 year ago
2 mins read
NewsBTC

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

When most people are looking at ways to try and buy them some will inevitably see the downside of virtual currencies and want to shift their stash. Swedish co-founder of Bitcoin.com, Emil Oldenburg, claims that Bitcoin is “as good as useless” and has no future as a tradeable currency.

The website is one of the oldest and most established crypto currency resources which has grown extremely profitable this year with the explosion in popularity of crypto trading. In an interview with Swedish media co-founder and CTO Oldenburg said:

“I would say an investment in bitcoin is right now the riskiest investment you can make. There’s an extremely high risk,”

We would expect this stance from politicians or Wall Street bankers but not from an industry insider. There is a good reason that he has decided to denigrate the digital currency and that is because he has sold all of his Bitcoins and switched to Bitcoin Cash. BCH forked from the original BTC chain in August and has shown steady gains ever since on its own blockchain.

The main reason for this change is high transaction costs and lead times. When the network is under high demand, which has been a few times recently, it can take several hours to carry out a Bitcoin transaction. Some websites have reported that transaction fees have reached as high as $26 recently, which is as much as a regular bank would sting you for an international transfer.

The limited block size on the BTC chain imposes a limit on the number of physical transactions that can be made and this bottleneck makes it a highly illiquid digital currency. People will only realize this risk when they decide to hold or trade them, many are still ‘hodling’ and dreaming about Lambos. According to Oldenburg;

“the old bitcoin network is as good as unusable. As soon as people realize that this is how it works, they will start to sell,”

He went on to refer to the old Bitcoin network being run by “fanatical bitcoin talibans” that want things this way.

“They see bitcoin as a digital gold and a technical experiment, as opposed to something you can actually use.”

Bitcoin Cash has a bigger block size of 8Mb compared to 1Mb on Bitcoin, which leads lower transaction fees and faster transfer times. BCH has recently broken an all-time high of $2,353 and is up 27% in the past 24 hours.

 

Tweet123Share196ShareSend
Martin Young
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Comments 4

  1. Ovi says:
    8 years ago

    Sure, just another freak of the BCH team fighting BTC 😉

    Reply
  2. Stuart King says:
    8 years ago

    All in to bitcoin cash now.

    Reply
  3. NYPD219 says:
    8 years ago

    BitCoin will never crash, morons and liar writers.

    Reply
  4. duhduhdag says:
    8 years ago

    Just tried to buy bitcoin for 150 euros. Value after transaction made was 105 euros. So almost a third gone in transaction fee. Then if I want to buy some iotas which was the actual plan, another fee of 30 euros is needed.meanwhile the bitcoin dropped so my current value is 80 euros. So instead of buying iotas for 150 euros I am at 50 euros. 100 euros lost in fees and “currency” fluctuations.

    Useless!

    Reply

Leave a Reply Cancel reply

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

Comments 4

  1. Ovi says:
    8 years ago

    Sure, just another freak of the BCH team fighting BTC 😉

    Reply
  2. Stuart King says:
    8 years ago

    All in to bitcoin cash now.

    Reply
  3. NYPD219 says:
    8 years ago

    BitCoin will never crash, morons and liar writers.

    Reply
  4. duhduhdag says:
    8 years ago

    Just tried to buy bitcoin for 150 euros. Value after transaction made was 105 euros. So almost a third gone in transaction fee. Then if I want to buy some iotas which was the actual plan, another fee of 30 euros is needed.meanwhile the bitcoin dropped so my current value is 80 euros. So instead of buying iotas for 150 euros I am at 50 euros. 100 euros lost in fees and “currency” fluctuations.

    Useless!

    Reply

Leave a Reply Cancel reply

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

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

$122,000 And Climbing: Bitcoin Sets New Record As ETFs Drive Demand

Bitcoin rose above the $122,000 mark on Monday. According to data from CoinGecko, prices briefly topped that level before pulling...

Christian Encila 4 hours ago
Ethereum Supply Locked Hits New ATH: Smart Money Bets On Long-Term Growth

Ethereum Supply Locked Hits New ATH: Smart Money Bets On Long-Term Growth

Ethereum has broken out above the $3,000 level, reaching its highest price since late January and signaling a strong resurgence...

Sebastian Villafuerte 5 hours ago
비트코인 12만 돌파... 99비트코인 보고서가 짚은 '2025 상승장의 핵심 동력'

비트코인 11만 돌파… 99비트코인 2분기 보고서가 짚은 ‘2025 상승장의 핵심 동력’

2025년 들어 암호화폐 시장이 가파른 상승세를 보이는 가운데 투자자와 업계의 관심이 다시 한 번 비트코인과 주요 디지털 자산에 집중되고 있다. 이러한 흐름 속에서 99비트코인은 ...

Soyeon Lee 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Is Not Stopping At $123,000 — Technical Indicators Point To $140,000 Top

Scott Matherson 10 minutes ago
Cardano price news

Cardano Flashes Major Buy Signal—$1.90 Target Unleashed

Jake Simmons 1 hour ago
Bitcoin

Delay In Bull Market Could Push Bitcoin Higher Than Expected

Sandra White 2 hours ago

Premium Sponsors

Press Releases

  • Aceste 3 monede sub 5 lei ar putea transforma o investiție de 1.000 RON în 10 milioane RON până în 2027

    2 достъпни криптовалути с...

    3 hours ago
  • Aceste 3 monede sub 5 lei ar putea transforma o investiție de 1.000 RON în 10 milioane RON până în 2027

    2 megfizethető kriptó 9000%-os potenciállal, olyan...

    4 hours ago
  • 2 cenovo dostupné kryptomeny s potenciálom 9 000 %, podobne ako kúpa Etherea za 8 dolárov začiatkom roku 2017

    2 cenovo dostupné kryptomeny s potenciálom 9 000 %...

    5 hours ago
  • Bitcoin Hyper

    ...

    8 hours ago
  • BTC breaks through $122,300, GoldenMining users earn...

    8 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.