Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Kemarit on February 05, 2024, 03:24:59 AM
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(https://www.talkimg.com/images/2024/02/05/vG0N5.png)
https://twitter.com/CoinbaseAssets/status/1753776964173803728
And so Coinbase officially ends Bitcoin SV support.
Good riddance though, I remember back when there was a rift between the community and obviously, they have challenge Bitcoin and they even claim to be the real Satoshi Bitcoin.
Anyhow, the market has spoken and there could be exchange that will also sunset their support to this coin.
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BSV only wanted to steal bitcoin name. It is not even a fork of bitcoin. Bitcoin cash forked from bitcoin, while Bitcoin SV forked from bitcoin cash. All of them, I mean the forked coins and the fork of the forked coins, including bitcoin diamond and bitcoin gold all are significantly behind bitcoin. Instead for them to create a better altcointalk, they only wanted to compete but lost in the competition because they are all still altcoins that gained little relevance.
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How is this currency still in the top 100 marketcap? For more than a year, the demand for Bitcoin SV has decreased dramatically, and it has transformed from a project that may have a pump and dump presence. I think it will take a matter of days or months, and trading will disappear and trading volumes will decrease until it will be difficult to sell it, so it is better to get rid of it.
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@Husires, @Charles-Tim,
Both agreed on your points, it's a forked coin and the people behind have their own incentives here. But as time goes by, perhaps they are still in the crypto space, but the support is going down hard and people are losing money.
So if people are losing money, then exchanges will end their support for this coin. And it's going to be bad for the people who was mislead that this is the true vision of Satoshi or calling themselves the real Bitcoin for quite sometime that causes confusion to the newbies.
But good riddance to them.
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How is this currency still in the top 100 marketcap? For more than a year, the demand for Bitcoin SV has decreased dramatically, and it has transformed from a project that may have a pump and dump presence. I think it will take a matter of days or months, and trading will disappear and trading volumes will decrease until it will be difficult to sell it, so it is better to get rid of it.
There is no demand, and it might be just a p&d as it is the typical characteristics of an altcoin. And we all know who are the individual behind this projects, it's Faketoshi and now he is losing grip on it.
And if not for him money that keeps this project afloat and his supporters who still thinks that he is the real Satoshi, this project could have been dead. But it's good to hear that top exchange like Coinbase stopped it's support to it and maybe other big exchange as well will follow suit.
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BTC sv is a shitcoin and i don't even know the people who use this coin, i feel many other centralized exchanges should also stop their support of this coin. BTC sv or other forks of BTC are not recommended coins in my honest opinion, buy the real BTC and not coins that just have BTC in their names, but with no demand or usefulness.
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Sometimes I thought Craig Wright was a troll trying to trigger everybody. If he had managed to trigger Satoshi, maybe we could have gotten some big clues about Satoshi. I don't have a better explanation for what he did. I think at the end of the day, if he makes a confession like that, he can get his reputation back... :) It's fun all the way around, but he's a person of magazine value that shouldn't go beyond fun. I hope we hear less about him and his bizarre claims...
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What take them so long to remove it, they should have do it much earlier. Or they should not even list it in the very first place. There'a nothing good and benefits of using it.
I checked every known explorer[1] supporting it and it seems it doesn't have any transactions there more like it's a dead coin just like it's owner.
[1] https://explorer.bitquery.io/bitcoinsv
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Good riddance.
This must have been done long time ago but this only shows that Coinbase doesn't like Craig Wright and his fake Bitcoin. Everyone have taken profit on it when it was fresh during the split and that should stay there. So, whoever owns this up to this time probably have bought it when it's high or haven't sold it during the split. And you decide whether you'd sell it or not now.
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What take them so long to remove it, they should have do it much earlier. Or they should not even list it in the very first place.
IMO the choice to list it isn't wrong choice, since i recall BCH owner (who use Coinbase) automatically got BSV where they can sell it easily. Although i agree it should be done sooner, especially when BSV already removed from exchange pair since 2021.
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(https://www.talkimg.com/images/2024/02/05/vG0N5.png)
https://twitter.com/CoinbaseAssets/status/1753776964173803728
And so Coinbase officially ends Bitcoin SV support.
Good riddance though, I remember back when there was a rift between the community and obviously, they have challenge Bitcoin and they even claim to be the real Satoshi Bitcoin.
Anyhow, the market has spoken and there could be exchange that will also sunset their support to this coin.
Starting from the beginning of this year, there has been a massive delisting of coins and the first one was crackdown on privacy coins. For this BSC, no reason was stated but something is not right about this sudden move. Personally, I have never been a fan of BSV because since ever the fork was successfully, it was meant to improve Bitcoin protocol but with this, it's way dumb than Bitcoin and even the Bitcoin cash (BCH) is doing better than Bitcoin SV.
The lesson learnt here is that no matter how smart you think you can improve on innovation, you can't beat the original work and that is Bitcoin. They rubbish bitcoin and divided the community but it seems Bitcoin grew stronger and to say that many of the Bitcoin community claim there fork Bitcoin and dump it at all time high and no demand is coming from investors.
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One coin I have never touched is Bitcoin SV. I don't know how but I don't like it. So I've never even traded it. This news will also be a heavy blow to Bitcoin SV but this will not affect Bitcoin.
I hope the market becomes enthusiastic again :(
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@Husires, @Charles-Tim,
Both agreed on your points, it's a forked coin and the people behind have their own incentives here. But as time goes by, perhaps they are still in the crypto space, but the support is going down hard and people are losing money.
So if people are losing money, then exchanges will end their support for this coin. And it's going to be bad for the people who was mislead that this is the true vision of Satoshi or calling themselves the real Bitcoin for quite sometime that causes confusion to the newbies.
But good riddance to them.
I don't think exchanges care much about whether people lose money on a particular coin. Certainly, this kind of concern will not lead to the delisting of some coins from their platform.
However, when it comes to Bitcoin SV, there have been many reasons for marginalizing and removing this coin from exchanges for a long time. I'm glad it's finally happening
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The news is a little old but I did not talk about it on this forum yet. BSV had some security issues and the main celebrity of this community was Craig Wright, a self-proclaimed Satoshi Nakamoto, who gave this hard fork of BCH a bad image. Although I was not very interested in this coin and even now I am not interested. I just saw your post and thought why are you admiring this step of Coinbase?
I know that was not the real BTC or the real Satoshi Nakamoto respectively but this is not how things should go and I don't think we can disappear some coins completely from the crypto market until there is a community with money to support it. Even if the centralized exchanges delists them there are other markets exists to support it. I am not a supporter of BSV but only sharing my thoughts on this.
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One coin I have never touched is Bitcoin SV. I don't know how but I don't like it. So I've never even traded it. This news will also be a heavy blow to Bitcoin SV but this will not affect Bitcoin.
Surely it will not affect BTC, this shitcoin and BTC have no connection whatsoever. This would not even be a heavy blow, because i don't think there is any demand for this shitcoin and people do not even use it. I think other exchanges that still have this shitcoin in their list of coins should also delist it, because in my honest opinion this coin has nothing to offer, zero utility.
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When Craig Faketoshi loses a few more lawsuits and have to pay money to everyone he will shut down BSV himself, but nice from Coinbase to finally delisting this scam coin.
I think this BSV cult will always have few die hard followers as long as chain is alive, and I think this won't last much longer.
Back to growing vegetables again soon.
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When Craig Faketoshi loses a few more lawsuits and have to pay money to everyone he will shut down BSV himself, but nice from Coinbase to finally delisting this scam coin.
I think this BSV cult will always have few die hard followers as long as chain is alive, and I think this won't last much longer.
Back to growing vegetables again soon.
This is also what I'm seeing for this altcoin, they have a few die hard supporters, perhaps blinded by Faketoshi. And that they will continue to mine it as long as they can.
But in there's no more incentive for them in the future and support being pull out by every exchanges, it won't last that long and Faketoshi will have to accept it. All his money will be lost if he will continue this fight to no avail.
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Ohhh I thought this coin is dead already since I've never heard of the coin already for a very long time.
Anyway, a forked coin under a forked coin. That's what BSV is. Kind of funny to think that you are forking another forked coin. Now it ended up as a trash coin. It's kind of disappointing (at least for me) that this coin is being listed on so many reputable exchanges still.
Nevertheless, I hope that this move by Coinbase will have a domino effect towards other exchanges thus, delisting it on their own platform as well. Anyway, can anybody tell me any updates about the antics of Faketoshi, and his current case or lawsuit whatever. :D
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So if people are losing money, then exchanges will end their support for this coin. And it's going to be bad for the people who was mislead that this is the true vision of Satoshi or calling themselves the real Bitcoin for quite sometime that causes confusion to the newbies.
I doubt it, exchange usually do that due to low trading volume which can't cover cost to support that coin. It's worth to mention you need fancy hardware to run BSV full node, see node dot bitcoinsv dot io/sv-node/system-requirements.
BSV had some security issues and ...
Had? The issue still exist where miner can steal confiscate any BSV. You might want to read https://blog.bitmex.com/bitcoin-sv-hardfork-significant-security-risks/ (https://blog.bitmex.com/bitcoin-sv-hardfork-significant-security-risks/).
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One coin I have never touched is Bitcoin SV. I don't know how but I don't like it. So I've never even traded it. This news will also be a heavy blow to Bitcoin SV but this will not affect Bitcoin.
Surely it will not affect BTC, this shitcoin and BTC have no connection whatsoever. This would not even be a heavy blow, because i don't think there is any demand for this shitcoin and people do not even use it. I think other exchanges that still have this shitcoin in their list of coins should also delist it, because in my honest opinion this coin has nothing to offer, zero utility.
Although I don't know whether the coin has any use or not. But one thing that is certain is that I personally have never been interested in this coin. I haven't been impressed at all. So delisting the coin doesn't have much of an impact.
By the way, currently the market is back to being as enthusiastic as I expected ;D
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Although I don't know whether the coin has any use or not. But one thing that is certain is that I personally have never been interested in this coin. I haven't been impressed at all. So delisting the coin doesn't have much of an impact.
Not just you, but the project is almost a 'dead' project and nobody in their right senses should be interested in it, only a few of their supporters still use this scam coin. Coinbase delisting it is the right thing to do even if Faketoshi and his supporters would surely not agree with me, but the fact is that anybody using this coin is at risk of losing their money.
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Coinbase here made a right and fair decision on BSV and it is high time that Coinbase made its vote of no confidence on Craig Wright and the shame that he brought to the cryptocurrency community. Certainly, this is a big bad news for him, his minions and the future of BSV. Pretending and convincing people that you are the real Satoshi Nakamoto without solid evidence but just your word is something that we should not allow to just happen. I am for free speech but if someone is really and clearly just making up claims and stories and no remorse for things you have done then that person should be considered as a persona non grata. We don't need so many clowns in the cryptocurrency industry in the same way we hate scammers, hackers and fraudsters.
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Although I don't know whether the coin has any use or not. But one thing that is certain is that I personally have never been interested in this coin. I haven't been impressed at all. So delisting the coin doesn't have much of an impact.
Not just you, but the project is almost a 'dead' project and nobody in their right senses should be interested in it, only a few of their supporters still use this scam coin. Coinbase delisting it is the right thing to do even if Faketoshi and his supporters would surely not agree with me, but the fact is that anybody using this coin is at risk of losing their money.
Well if we already have the original Bitcoin then we don't actually need another bitcoin. If we want to be complementary then we already have many altcoins that have clear fundamentals that have their own concepts and uniqueness that represent various types. Starting from L1, L2, L3, Game categories, Defi, AI, Big Data and others. so well with the delisting of Bitcoin SV does not make us here lose at all. Except for those who hold it maybe. :)
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Although I don't know whether the coin has any use or not. But one thing that is certain is that I personally have never been interested in this coin. I haven't been impressed at all. So delisting the coin doesn't have much of an impact.
Not just you, but the project is almost a 'dead' project and nobody in their right senses should be interested in it, only a few of their supporters still use this scam coin. Coinbase delisting it is the right thing to do even if Faketoshi and his supporters would surely not agree with me, but the fact is that anybody using this coin is at risk of losing their money.
Well if we already have the original Bitcoin then we don't actually need another bitcoin. If we want to be complementary then we already have many altcoins that have clear fundamentals that have their own concepts and uniqueness that represent various types. Starting from L1, L2, L3, Game categories, Defi, AI, Big Data and others. so well with the delisting of Bitcoin SV does not make us here lose at all. Except for those who hold it maybe. :)
It's already considered as a altcoin, but the thing is that how they projected that BSV is the real Bitcoin and it really did hurt them, althoughe we all know that the people behind this project is Craig Wright so what we you expect?
We only take advantage of it in the beginning, when we received "free" BSV but after that we sold and never look back.
Just amazing that they have survived up to this day, but then again, it's all business and just like what I say, losing money is bad for the people behind this project.
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We don't need so many clowns in the cryptocurrency industry in the same way we hate scammers, hackers and fraudsters.
The cryptocurrency industry is a free market, so one can say whatever they want, but if there is no proof; then it should be ignored, while there are a lot of gullible people who believe Faketoshi is the real Satoshi, but the majority of bitcoiners who truly understand the network know that he is just a fake, just like BSV.
Just amazing that they have survived up to this day, but then again, it's all business and just like what I say, losing money is bad for the people behind this project.
There are some gullible people who still use and trade this scam and that is probably why they have survived till today, but the project is near dead, and it has been so for sometime now.