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Author Topic: Why I Should Invest In Bitcoin SV  (Read 13712 times)

Offline SamReomo

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Re: Why I Should Invest In Bitcoin SV
« Reply #15 on: December 28, 2023, 01:37:50 PM »
This fork has seen a new pump yesterday on Binance exchange and it's currently trading at $88.2 per coin. I don't know what triggered that pump in its value but if it's not a pump and dump thing then I believe investors are again getting some interest in this fork. Let's see if we will have a dump after this pump or the price pumping rally will continue and gets more intense today to possibly tomorrow.
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Re: Why I Should Invest In Bitcoin SV
« Reply #15 on: December 28, 2023, 01:37:50 PM »

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Re: Why I Should Invest In Bitcoin SV
« Reply #16 on: December 28, 2023, 03:22:29 PM »
This fork has seen a new pump yesterday on Binance exchange and it's currently trading at $88.2 per coin. I don't know what triggered that pump in its value but if it's not a pump and dump thing then I believe investors are again getting some interest in this fork. Let's see if we will have a dump after this pump or the price pumping rally will continue and gets more intense today to possibly tomorrow.

Not only this forked shitcoin, but most of the coins had a pump in the last weeks. For example, BNB, Solana, Avax, and many more. If you see there is not much pump on the volume but still pumping, this could be a fake pump and it may dump in the coming days. Most of the coins pump during the bull run and even before the bull run. So, when you see coins like BSV pumping, there is nothing to be surprised but it's just an indicator of the upcoming bull run.
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Re: Why I Should Invest In Bitcoin SV
« Reply #17 on: December 28, 2023, 05:21:15 PM »
Not only this forked shitcoin, but most of the coins had a pump in the last weeks. For example, BNB, Solana, Avax, and many more. If you see there is not much pump on the volume but still pumping, this could be a fake pump and it may dump in the coming days. Most of the coins pump during the bull run and even before the bull run. So, when you see coins like BSV pumping, there is nothing to be surprised but it's just an indicator of the upcoming bull run.
Yeah, you may be right as other coins also got pumped a few days ago and each day we see new coins getting pumps but the surprising pump of this coin is something strange if you ask me. The coin is getting pumped for two days now but now the pump is losing its intensity and we may soon see a dump in that coin.

The bull run is already started and we may see such pumps each day or at least 3 days in a week but now that the forks are getting pumped, it's a confirm sign that Bitcoin will grow huge in value in this bull run. Bitcoin SV isn't a famous fork anyway but it's still alive and some people still consider it as a good coin.
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Re: Why I Should Invest In Bitcoin SV
« Reply #18 on: December 29, 2023, 09:51:58 AM »
The bull run is already started and we may see such pumps each day or at least 3 days in a week but now that the forks are getting pumped, it's a confirm sign that Bitcoin will grow huge in value in this bull run. Bitcoin SV isn't a famous fork anyway but it's still alive and some people still consider it as a good coin.

I don't know who considers this forked shit as a good coin, but I do not consider it as a good coin. If you know who is the creator and what he did, you should not support such coins. There are many other alts that you can buy and hold to get maximum profit. But I never support the coin which is created by a scammer. CSW claims himself as Satoshi and this is his Vision.

If someone is looking for a good coin to make some profit, they should go for coins like Solana and Polkadot. I am holding around $200 worth of Dot at this moment and my target is 10x from here.
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Re: Why I Should Invest In Bitcoin SV
« Reply #19 on: January 03, 2024, 10:39:12 AM »
This fork has seen a new pump yesterday on Binance exchange and it's currently trading at $88.2 per coin. I don't know what triggered that pump in its value but if it's not a pump and dump thing then I believe investors are again getting some interest in this fork. Let's see if we will have a dump after this pump or the price pumping rally will continue and gets more intense today to possibly tomorrow.
Does the news about Bitcoin in any way affect it's forks. I mean as we are strongly anticipating halving and ETF approval, will the benefits of these also push the price of BSV and BCH?
If no, what other benefits does these coins get from bitcoin as the parent coin from which they emanated?
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Re: Why I Should Invest In Bitcoin SV
« Reply #20 on: January 09, 2024, 10:21:30 AM »
If someone visiting this forum actually think to invest on/buy BSV, i'll provide two more reason why BSV is terrible choice.
1. BSV have Coin Confiscation Mechanism with vague detail. BitMex explain it in detail which can be seen on BSV Hardfork – Security Considerations.
2. In past few years, many services such as BitMex, Coinbase and Blockchair explorer partially/fully drop BSV support.
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Re: Why I Should Invest In Bitcoin SV
« Reply #21 on: January 14, 2024, 03:06:58 PM »
If someone visiting this forum actually think to invest on/buy BSV, i'll provide two more reason why BSV is terrible choice.
1. BSV have Coin Confiscation Mechanism with vague detail. BitMex explain it in detail which can be seen on BSV Hardfork – Security Considerations.
2. In past few years, many services such as BitMex, Coinbase and Blockchair explorer partially/fully drop BSV support.

Let's add one more!
The hashrate of BitcoinSV is right now somewhere in the 900 Petahash range!
Which means that a single miner like Riot would be able to mine in one day enough blocks to re-write the chain for the last 14 days.
Bitcoin SV suffered 7 reorganizing attacks all mitigated not by the community but by a centralized authority, so if you're really unlike and do a withdrawals when one of those will happen then you're done for, your tx never happened and you're coins where never sent!

Imagine you're gambling when using a bank, if the you're unlucky your deposit is forfeit and all the data is erased along with your money and account!
Would you deposit money in such a bank? Or would you accept payments from ti knowing they might evaporate next day?

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Altcoins Talks - Cryptocurrency Forum

Re: Why I Should Invest In Bitcoin SV
« Reply #21 on: January 14, 2024, 03:06:58 PM »


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Re: Why I Should Invest In Bitcoin SV
« Reply #22 on: January 15, 2024, 01:41:46 PM »
@Stopmix since you mentioned hashrate, it's also worth to mention currently 3.45 EH/s (3450 PH/s) hashrate is available to rent on Nicehash[1] while BSV hashrate is only about 862 PH/s[2]. Although to be fair,  the attacker probably need to run his own miing pool and run BSV full node which have high system requirements[3].

[1] https://www.nicehash.com/my/marketplace/SHA256ASICBOOST
[2] whatsonchain . com
[3] node.bitcoinsv . io/sv-node/system-requirements
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