Roger Ver, the CEO of Bitcoin.com, launched a Twitter tirade against Bitcoin (BTC) calling it “censored.”
Earlier on Wednesday, February 6th, Ver had shared an article which detailed all the alleged cases of censorship in r/Bitcoin.
Roger Ver, the CEO of Bitcoin.com, and one of the biggest proponents of Bitcoin Cash (BCH) launched a Twitter tirade against Bitcoin. The man who is also known as “Bitcoin Jesus”, tweeted the following:
“If you enjoy censorship and having dissenting voices silenced, then BTC is the right crypto for you. If you enjoy liberty, financial sovereignty, and open discussions, then Bitcoin Cash or just about anything other than BTC is the right crypto for you.”
Earlier, on Wednesday, February 6th, Ver had tweeted out an article titled “A (brief and incomplete) history of censorship in /r/Bitcoin” which cautioned readers to “not use the censored /r/bitcoin or Bitcointalk. Use /r/btc instead.”
In the article, the author going by the pseudonym of “John Blocke” highlighted several Reddit posts since 2015 which, according to him, were examples of censorship within the BTC community.
His tweet has not been received well by the community. Some of the replies to his tweet are:
“It’s sad because he could have been one of the strongest voices for Bitcoin. Instead he choose this divisive ego driven path where he attempts to insist he made the reeeeaaal bitcoin.roger doesn’t see the problem force feeding his alt and naming it bitcoin.”
“You’re associating a trustless, secure, and decentralized currency (BTC) with the mass opinion that your view point is incorrect. BTC is not censoring you. People who support BTC are censoring you. These are different things yet you group them together in order to support BCH.”
“I genuinely appreciate hearing your alternate (or, different than my own) perspectives on the cryptospace… but I think this one is a bit of an emotionally driven reach, Roger.”
Bitcoin Cash (BCH/USD) forecast and analysis on February 15, 2019
Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 121. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend on Bitcoin Cash. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.
Bitcoin Cash (BCH/USD) forecast and analysis on February 15, 2019
As part of the Bitcoin Cash forecast, a test of level 118 is expected. Where should we expect an attempt to continue the growth of BCH/USD and further development of the upward trend. The purpose of this movement is the area near the level of 130. The conservative area for Bitcoin Cash buying is located near the lower border of the Bollinger Bands indicator strip at level 117.
Cancellation of the option to continue the growth rate of Bitcoin Cash will be a breakdown of the lower border of the Bollinger Bands indicator bands. As well as the moving average with a period of 55 and closing of quotations of the pair below the area of 115. This will indicate a change in the current trend in favor of a bearish for BCH/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.
Bitcoin Cash (BCH/USD) forecast and analysis on February 15, 2019 implies a test level of 118. Further growth is expected to continue to the area above the level of 130. The conservative area for buying Bitcoin Cash is located area of 117. Cancellation of the growth option of cryptocurrency will be a breakdown of the level of 115. In this case, we should expect a further fall.
Bitcoin Cash [BCH] Price Analysis: Bears return as token’s sustained high subsides
Bitcoin Cash has currently edged down the US dollar by 1.1 percent, with the coin now trading at $122.91 and posing a market cap of $2.16 billion, nearly $350 million behind Litecoin in fifth.
In terms of exchange dominance, the top-three spots are taken by the exchange P2PB2B, in the trading pairs, BCH/USD, BCH/ETH, and BCH/BTC, accounting for the following BCH volumes, $15.23 million, or 7.17 percent, $14.53 million, or 6.84 percent and $14.23 million, or 6.7 percent.
In terms of the short-term one-hour chart, Bitcoin Cash was pushed up significantly at the close of the previous week from $115.78 to $129.22, following which the coin suffered a downtrend from $125.98 to $$121.64.
Bitcoin Cash finds immediate support at $118.41, which the coin was pushed close to on 12 February. The immediate resistance of the coin stands at $126.02 which the coin touched at the beginning of the week.
The Bollinger Bands point to a decline in the volatility of the coin as the Moving Average line points to a mild bearish swing for the coin.
The Chaikin Money flow tool points to an outflow in the money investors are pumping into Bitcoin Cash, as the CMF line is below 0.
The Fisher Transform line shows that the coin is in a bearish trading zone as the Fisher line has been overtaken by the Trigger line.
The Bitcoin Cash one-day chart points to an overwhelming bearish trend for the coin, post the hardfork, which some late stable movement. The coin has been trading on the back of a downtrend, extending from $635.38 to $130.14. Within and prior to the downtrend, the coin shot up, firstly from $449.05 to $628.22 and the second from $90.72 to $197.02.
In terms of the immediate support level for BCH in the one-day chart, the same stands at $108.64 and the immediate resistance level stands at $127.75.
The Parabolic SAR has switched from favoring the bulls to the bears as the dotted lines are now aligned above the coin’s trend line.
The Relative Strength Index points to a fairly decreasing trend of investor sentiments, as the RSI has dipped from 53.49 to the press time valuation of 46.17.
The MACD line shows that the coin is in a bearish zone since mid-November. The coin has since come close to breaking into the bullish zone with its most notable effort coming in early-January.
Bitcoin Cash was pushed up significantly last week, owing to the collective market bulls and has managed to sustain that high, until now. In the short-term, major indicators point to a slip for the coin, indicating bearish waves. In the long term, Bitcoin Cash is pushing the stabilizing boundaries, but recent long-term indicators primarily the Parabolic SAR and the MACD line show a bearish switch in the coin’s market, sparking some concern.
Galaxy Digital’s Novogratz: Bitcoin Is “Going To Be Digital Gold”, Talks Sovereignty And Periodic Table Elements
Galaxy Digital Founder Believes That Bitcoin Is “Going To Be Digital Gold”
Mike Novogratz is known for his former work on Wall Street with Goldman Sachs, but he has since made a name for himself in the cryptocurrency industry with the crypto merchant bank Galaxy Digital. Recently, he sat down with Bloomberg TV for an interview, during which time he spoke on the spread of crypto assets and how Bitcoin remains the top coin.
The interviewer started off with commenting that “it was carnage” in cryptocurrency, asking if the industry is in the “birthplace of recovery in crypto.” That opened the door to talk about exactly how government decisions and the lack of institutional investors have truly been the hold-up.
As the attention turned to the crypto winter, Novogratz commented that this whole year has been an example of “just how painful popped bubbles can be.” Considering how the retail sector has settled down and the inflation of crypto values has balanced out, the industry is likely to go from “a people’s revolution to an institution-led one.”
Discussing the way that crypto assets have evolved, Novogratz acknowledged that there are many altcoins that have tried to go head-to-head with Bitcoin as a store of value. He added,
“There are 118 elements on the periodic table, and only one gold […] Bitcoin is going to be digital gold, a place where you have sovereign money, it’s not U.S. money, it’s not Chinese money, it’s sovereign. Sovereignty costs a lot, it should.”
Even though there was not a discussion on why Bitcoin has been able to take the center stage, Novogratz said that all cryptocurrencies do not need the use of blockchain to thrive. From a security standpoint, cryptocurrencies without the same value and traditional roles could help to offer gains.
Bitcoin, for now, is holding steady between $3,400 to $3,600, though Novogratz believes that this is presently the bottom, leaving plenty of room to increase. He said that the most realistic and achievable medium-term price point is $8,000, adding, “We’re not going to bubble back up.”
The structure necessary to welcome and entice institutional investors into the space is finally coming to fruition, Novogratz adds. Even though the government shutdown slowed it down, the solutions being offered from major companies like the New York Stock Exchange and Fidelity show that the increase of institutional investors “is just getting started,” he said.
Even though traditional institutions are starting to get involved with the crypto industry, existing exchanges and services are bringing custody solutions to the table as well. Big Four auditor KPMG also seems to agree with the stance of Novogratz, saying that institutionalization is “a necessary next step for crypto to create trust and scale.”