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Bitcoin was sailing in recent times with very little unpredictability until "things explode" Wednesday, said the chief financial officer of the digital currency.
Kelly says that Bitcoin has leaked because of concerns about a "fork" or a "product update" in the money of the big and incredible Bitcoin.
Brokers pointed out that the bitcoin and bitcoin markets would be spared after the product upgrade.
The ultimate goal
Kelly, supervisor of Cryptographic Monetary Subsidies, said the solid withdrawal was related to the bitcoin money, which had been separated in August 2017 from classic Bitcoin with the ultimate goal of processing more exchanges.
Bitcoin Money performs a "fork" or "viability" of a product update, Kelly said in "Speedy Money." "When you perform a product update, everyone is in agreement, but in this case, not everyone agrees."
"In this way, we have a common war revolt," he said, although some administrators fear that the Bitcoin and Bitcoin trading markets will no longer be stuck or "confused" after the new design. of the product.
"The individuals started to offer, that caused the stops, everyone was stressed," Kelly said. "In addition, that is what happened today: the overall market supply."
Risk articles in digital form
Kelly anticipates that this will be an opportunity "here and now". "I think it's probably an opportunity," he added. "Actually, we made some purchases in my reservation for today."
However, Kelly also received a notice to the attention of intriguing buyers: "If you do not understand what is a hard fork, do not enter this pool now, it is the end."
On some occasions, they "got together" and used assets "to pull money out of the table," said Meltem Demirors, CoinShares System Manager, who supplies coins and coins. risky digital search.
A liquidity emergency
Most of the benefits are "almost not in agreement" with volumes from one month to the next, he said, appearing Wednesday with Kelly in "Quick Money".
"I think the different resources that are not bitcoin are in the midst of a liquidity crisis," he said. "What we are discovering is that the cost of benefits has dropped by 75% or more, now and again by 95%."
"Currently, we are at a point where businesses are running out of money," Demirors said. "They should start firing workers, they should cut costs," he said. "You will see the combination and some of these benefits will inevitably be set to zero."
Bitcoin, the largest digital currency in the world, has seen a sharp rise a year ago: more than 19 000 USD for each currency in December 2017. Anyway, from that moment, the costs have dropped and changed Not exactly $ 6,000 for every currency on Wednesday.
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