Date: 10 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.

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