Dec 19, · The co-founder of gasthausamflughafen.de does not believe that this massive spike of interest from investors from all over the world is good for the cryptocurrency. Swedish native Emil Oldenburg who is the co-founder of gasthausamflughafen.de and the sites chief technical officer (CTO) just confirmed that he has sold all his Bitcoins because he believes that it is. Dec 19, · The co-founder of Bitcoin has sold all his bitcoins, calling them ‘as good as useless’. Emil Oldenburg, chief technology officer of gasthausamflughafen.de . In fact, Emil Oldenburg, who co-founded and is the chief technology officer of gasthausamflughafen.de, is calling the coin “as good as useless.” He believes that the digital currency is now the “most risky investment you can make,” hence selling all of his coins. Oldenburg previously revealed why he .
Co founder of bitcoin sells all bitcoingasthausamflughafen.de co-founder sells all his Bitcoin, citing 'high risk'
Still, a number of financial experts and economists warn that it shows some signs of being a bubble on the verge of exploding. The website boasts several million monthly unique visitors.
The Bitcoin cryptocurrency is built upon a distributed ledger technology DLT better known as the blockchain. The value of the coins, solely traded online, fluctuates on a daily basis. I have in fact sold all my bitcoins recently and switched to bitcoin cash. Oldenburg did not confirm how much of Bitcoins he has sold but did say that for the last 3 years, his salary has been paid in Bitcoin and he has disposed the entire amount. The popularity in Bitcoin has increased lead times significantly.
It now takes close to 4. Oldenburg believes that Bitcoin has caused massive interest in the market because the average investor only looks at the increase in value but does not fully understand the Bitcoin process. Investors usually look at buying Bitcoins but are not fully aware of the process involved in trading or selling a Bitcoin.
He believes that the old Bitcoin network is no longer effective and once investors start selling Bitcoins, they will realize the issues attached to the cryptocurrency and begin to sell a lot faster. Oldenburg says that the future is in Bitcoin cash which is where he is investing right now.
If there is one topic that really gets Natalie excited it has to be the mathematics of gambling, having worked for a major gaming company in the audit department she loves nothing more than revealing all manner of facts and figures. Speaking to Swedish website Breakit , Oldeburg said Bitcoin was practically unusable because of the long waiting times for transactions and the unusually high transfer fees.
It is an extremely high risk," said Oldeburg. It's important to note that the site Oldeburg oversees - confusingly called "bitcoin. Oldeburg believes smaller, more blockchain-focused cryptocurrencies like rival bitcoin cash will become commonplace as people move towards using cryptocurrency for everyday transactions.
It's completely unreasonable.