Investors to Leave BTC Near $3k, Expert Believes

Head of the trading department in the Asia-Pacific region from Oanda Corp believes that BTC may fell to $2500 in January 2018
23 November 2018   601

As a result of the collapse of the market this week, the cumulative cryptocurrency capitalization fell by November 23 to $ 140 billion, losing almost $ 700 billion from peak values in early January. And if prices continue to decline, investors may begin to massively withdraw from cryptocurrencies, said Stephen Innes, head of the trading department in the Asia-Pacific region at Oanda Corp, in a comment to Bloomberg.

There’s still a lot of people in this game. [If Bitcoin] collapses, if we start to see a run down toward $3,000, this thing is going to be a monster. People will be running for the exits.

Stephen Innes

Head of the trading department in the Asia-Pacific region, Oanda Corp

In the short term, Bitcoin, according to the analyst, will be traded in the corridor between $ 3,500 and $ 6,500, but he does not exclude that by January 2019 the price of the first cryptocurrency may drop to $ 2,500.

At the peak values ​​at the beginning of the year, the total capitalization of the cryptocurrency market was about $ 835 billion, but this morning this figure is already around $ 140 billion.

Bitcoin last night again fell on a number of exchanges to almost $ 4000. So, at about 05:20 UTC, the price of the first cryptocurrency at Bitstamp was $ 4,061.02, after which it returned to around $ 4,300. At Bitfinex, the price went down to $ 4,210.

Craig Wright to Claim to be Satoshi Again

He explained that the false information surrounding Bitcoin and blockchain-derived systems made him come out of the shadows
18 February 2019   96

A senior researcher at nChain, Craig Wright, sent the Commission on the US Exchange Commodity Trading (CFTC) introductory information on cryptocurrency mechanics in response to a request from the Office. But even in the official document he did not miss the opportunity to remind everyone that it was he who allegedly was the creator of Bitcoin Satoshi Nakamoto.

My name is Dr. Craig Wright and under the pseudonym of Satoshi Nakamoto I completed a project I started in 1997 that was filed with the Australian government in part under an AusIndustry project registered with the Dept. of Innovation as BlackNet. Ethereum is a poorly designed copy of bitcoin designed with the purpose of completing the promise of smart contracts and scripting that were delivered within bitcoin but which were hobbled by the core developers of bitcoin who sought to enable anonymous transactions to exist within the system. 

Craig Wright


Earlier in February, the “self-proclaimed Satoshi Nakamoto” announced that he possesses a patent, allegedly capable of restricting the right to issue JPM Coin.

In October 2017, Craig Wright made a mistake confirming that he was not Satoshi Nakamoto.