Bitcoin Market: developers a bucket or end?

Bitcoin Market: developers a bucket or end?
? Bitcoin prices on Monday (January 18th) the disc low trading, fell sharply after the continuation of the previous weak pattern.

BITSTAMP announced the price display, bitcoin / $(XBT/USD) yesterday from 390 fell to below 378, the overnight has rebounded, but the transaction is still under pressure again and low disk Nichia trading at 380 level.

(bitcoin / $chart source: Peng Bo, FX168 financial network)

KRAKEN announced the price display, bitcoin / euro (XBT/EUR) yesterday fell from above 360 to below 352, the plate fell to 350 after trading Nichia low trading at around 352.

(bitcoin / Euro time chart source: Peng Bo, FX168 financial network)

Bitcoin trading network announced pricing showed bitcoin / yuan performance differences, the overall shock has been traded in the 2527-2585 trading days before the interval, slow down to around 2525.

(30 yuan / minute bitcoin source: bitcoin trading network)

The industry, the famous bitcoin developer Hearn (MikeHearn) said that this virtual currency has failed, he would have to sell all of its holdings of bitcoin.

Hearn said, “there is no reason to believe that bitcoin can be more outstanding than the existing financial system. The foundation has collapsed, regardless of short-term price changes, the long-term trend is downward. 我不会再参与比特币开发,我本人已经清仓离场。”

Hearn said bitcoin network has a technology limited. Block scale will be limited in a certain range (currently block capacity limit for 1MB), which means that the whole network have been unable to meet the demand of excess.

Chief scientist Anderson Hearne and bitcoin (GavinAndresen) support a new bitcoin code BitcoinXT, BitcoinXT can be expanded to 8MB block capacity.

But BitcoinXT has caused some bitcoin insiders discontent, they think it violates the original design of bitcoin. The United States social news website Reddit bitcoin community has banned the discussion BitcoinXT.

Published in Hearn’s remarks after the bitcoin currency fell by about 7%. But many bitcoin supporters argue that Hearn left just sour grapes, mainly because of the lack of support BitcoinXT. Anderson also believes that Hearn’s view of “too pessimistic”.

Beijing time 13:11 on January 18th, bitcoin / USD / Euro 379.92, bitcoin bitcoin / report 351.68, reported 2530 yuan.

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