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Roger Ver Just Made The Bitcoin Community Very Unhappy With A CNBC Appearance

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For anyone that’s spent a certain amount of time in the cryptocurrency (and, in particular, the bitcoin) space, Roger Ver will be something of a household name. Dubbed the Bitcoin Jesus, he’s famous in the sector for his early support, buying up 25,000 BTC at $1 (an investment that’s now worth more than $425 million) and, subsequently, for pushing the bitcoin agenda across the globe between, say 2012-2016.

More recently, however, he’s turned from bitcoin saint to bitcoin sinner.

On the off chance that anyone missed the story, Ver is now a proponent of what’s called Bitcoin Cash (BCH), which is a fork of the bitcoin chain (which is now being called Bitcoin Core) and it’s designed to function in a similar way as does bitcoin but with faster transactions and lower fees.

And to Ver’s credit, it does exactly that.

The problem is, however, he’s marketing Bitcoin Cash as the ‘real’ bitcoin and, at the same time, promoting the suggestion the Bitcoin Core is not the version of bitcoin outlined in Nakamoto’s now famous whitepaper.

 

He’s also the owner of Bitcoin.com, which makes things a little complicated. Basically, Bitcoin.com offers him a platform from which to spread his belief that Bitcoin Cash is the bitcoin of the future and this has served to anger many of those holding, or using, or even just involved in, Bitcoin Core.

So why is this important today?

Well, take a look at this video.

The video is a YouTube reproduction of CNBC’s Fast Money from early this week and – you guessed it – the guest being interviewed is none other than Ver. Now, this wouldn’t normally be a problem. Well, it wouldn’t have been twelve months ago. Now, however, Ver is a Bitcoin Cash proponent and this sets up a skewed incentive type situation – one in which there’s a real conflict of interest.

Bitcoin Cash Chart

Bitcoin Cash Chart

For anyone that doesn’t want to watch the video, Ver is set up by the team at CNBC as being a guru in the bitcoin space and he then spends his time outlining a long-term bearish view for bitcoin, in favor of Bitcoin Cash.

At the interview’s completion, a number of the anchors suggest that, on the back of what Ver has said during the interview, they deem Bitcoin Cash as the better investment right now, as opposed to bitcoin (Bitcoin Core).

So why is this a problem?

Well, Bitcoin Cash is essentially an altcoin that Ver has a very vested interest in and it’s very favorable to him (from a financial perspective) to market Bitcoin Cash and, in turn, to push its price up on the open market. That’s not a problem but when you’ve been given a platform such as Fast Money and you use it not only to promote personal interests but to also suggest that a competing asset, one for which you are considered the guru in a large portion of the investment community, has a long-term bearish outlook, it becomes something of a problem.

The market response to the development has been somewhat flat. Bitcoin Cash is up a couple of percentage points, as is bitcoin (Core) and this may be something to do with the complexities of buying Bitcoin Cash as compares to Bitcoin (or a general lack of understanding of the two) right now.

When Bitcoin Cash is listed on Coinbase, however, as is widely expected to be the case by the end of this year, this conflict could heat up.

Again, for anyone that’s not seen the CNBC interview, it’s well worth a look.

Additionally, for anyone that wants to see just how much Ver cares about Bitcoin Cash (and, specifically, the fact that it’s referred to as Bitcoin Cash and not BCASH, as some of the community are calling it), here’s an interview that’s well worth checking out.

 

We will be updating our subscribers as soon as we know more. For the latest on BCH, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of Bitcoincash.org

Bitcoin

The rise of the crypto casinos

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In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

Why Bitcoin and online casinos are the perfect partners

In many ways, it’s the perfect partnership between Bitcoin and online casinos with multiple benefits for both.

The first of…

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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

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The Bitcoin Revolution: Everything You Need To Know To Take Profits

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Bitcoin is soaring high in the cryptomarket once again, and experts are expecting a return of the bullish trend of 2017. The current Bitcoin price is $7,615 as of 23 May 6:56 AM UTC. This significant jump comes just six months after the Bitcoin price plummeted to a low of $3150 in December 2018. Since then, Bitcoin has experienced steady growth and gain in the market. However, in the last 30 days, the Bitcoin price peaked to $8,320.82, its highest price ever. This phenomenal jump occurred in a span of only 10 days breaking the Bitcoin record so far of significant gains made in short time frames. This positive growth has led to experts forecasting the Bitcoin price to hit the $20,000 mark by the end of this year.

Since entering the market almost 11 years ago, Bitcoin is still at the top of the global cryptocurrencies list. The current circulating supply of Bitcoin is at unbelievable 17,708,875 BTC. The market trend of the Bitcoin price has remained positive even when the currency did not maintain an uptrend. Cryptocurrency researchers believe that Bitcoin has the potential to grow up to a high of USD 50,000 within the next two years.

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