Date: 7 months ago   Category: Economy

The creator of Litecoin Charlie Li has joined CNBC to discuss the bitcoin price


The creator of Litecoin Charlie Li is the Pioneer of BL Blockchainchain who was around the cryptoblock enough time to see several bear markets. He has joined CNBC to discuss the bitcoin price which has lost more than two thirds of the cost from the moment of the peak for the end of 2017. Whether for this purpose only, but what is the time someone has a matter of time before the price of bitcoin returns to the same high levels almost of 20 000 dollars.

"Is difficult to predict the prices... sometimes comes back within half a year; sometimes it takes three or four years", - he has told on business network.

the Worst Has ended with

of Li not only who so feels. Eric Vurkhis, the CEO the crypto exchange ShapeShift, in the same way has offered CNBC TV channel that change the markets can't happen suddenly, however "rates of a collapse was significantly slowed down."

of Voorhees saw the share in a trend of bitcoins too, indicating a bubble of 2013 after which the bitcoin remained range within several years. It sounds as if the worst has ended as he considers: "we have finished with the majority of crash."

Nevertheless, the price of bitcoin can drop by 30%, but "everything that in the range from $5,000 up to $8,000 for bitcoin, quite reasonably, and will look in a couple of years as the excellent place", - Vuris has told.

As well as bitcoin, Litecoin had a bumpy trip what 75% decrease in LTC year on year testifies to. Having added insult to a trauma, Litecoin with market capitalization in 3,5 billion dollars has lost the place No. 6 among the leading cryptocurrencies to Stellar (XLM) whose market capitalization fluctuates more than in 4 billion dollars.

"This year in bitcoins and Laytkoinakh was very much, but the prices have dropped by 60-70%. It is all about speculation today. But in the future the price will reflect success of cryptocurrencies", - Li has told.

last year the creator of Litecoin liquidated the portfolio of Litecoin to avoid "the conflict of interests" and in the nature of decentralization. Terms could be better as Laytkoin's price soon after that. He won't redeem the Laytkoin in the near future or, perhaps, ever. But, besides, investors can want to see that the founder of cryptocurrency in which they invested the savings, is personally interested in coin productivity.

As for investors whether recommends "to buy on the way down to the dollar costing to your average bay-in", but don't mortgage the house for coins to watch how your portfolio is reduced by 80%.

meanwhile, in the current market environment, as well as in last recessions whether has noticed that "this good time for people that... to hang the heads and to actually work and do things."

Litecoin Fund accepts Litecoin the summit on September 14-15 in San Francisco for which subjects include acceptance of cryptocurrency and scalability of bitcoins and Laytkoinov with emphasis on such technologies as Lightning Network.

URL:




Today

just now

Yanukovych's apartment on Obolonskaya Embankment in Kiev was leased. The price of rent of the apartment and also who rents it, is not reported. reported about it the director of the National agency...

just now

Researchers identified the true personality of Jack the Ripper of the English detective together with scientists could identify the personality of the legendary murderer - Jack the Ripper. the amate...

just now

Turkey and Iran on Monday, March 18, for the first time performed joint anti-terrorist operation against members of Kurdistan Workers' Party. the operation of Ankara and Tehran Directed against RPK...

just now

On December 22, 2016 Privatbank finally passed into state ownership, now 100% of its stocks belong to the Ministry of Finance. on December 23 the former head of the Ministry of Finance Alexander Danil...

just now

Day of the presentation of new Redmi-devices the Xiaomi company will be the announcement fully completed of wireless Xiaomi Redmi AirDots earphones. It is the budgetary attempt of the company to join...

just now

The president of Ukraine Petro Poroshenko intends to develop the latest rocket technologies in Ukraine fully to protect the country from aggression. the head of state declared it on air of the Freed...

just now

The The Supreme Council of Justice (SCJ) made the decision to bring representation to the president of Ukraine Petro Poroshenko about appointment to positions of 25 judges to positions of judges of th...

just now

10.5-inch iPad Air the Apple company calls the new tablet the hi-tech, powerful and functional device with very attractive cost. In comparison with "ordinary" iPad the screen is 20% more now. Resolu...