(http://altnewscoin.com/wp-content/uploads/2019/01/ccryptafotocoinbase-bitcoin-sv-bsv.jpg)
The crypto currency exchange Coinbase announced that it is finally made available for withdrawal Bitcoin remains SV. Since shortly after the launch, the price of BSV has reached $ 200, it has been gradually declining, and today's announcement of Coinbase could encourage insane altcoin dumping.
Bitcoin SV was a product of last year's hard fork of the Bitcoin Cash network, which we wrote about earlier. An excerpt released today from notes Coinbase says:
A competing chain, known as Bitcoin SV, has led to the emergence of an extensive network, which is now called BSV. When the hard fork occurred, the BSV blockchain used the amount of BCH associated with the address at the time of the fork to determine the amount of BSV to be allocated to users.
So the amount of BSV now available in your account Coinbase.com, equals the number of BCH that was in your Coinbase account (Coinbase.com and Coinbase Pro) during the hard fork. Bitcoin Cash.
Coinbase makes it clear that they will not facilitate trading, buying or selling Bitcoin SV. It is important to note that over the past year the company has listed a lot of altcoins, including such as Basic Attention Token. Currently, the crypto-Fiat markets of BSV are limited, as for many other altcoins.
In January, we reported that users were asking major U.S. crypto currency exchange on his coins Bitcoin SV, but the queries remained without a definite answer in a few weeks. At the time, the following comments were made in support of the future of the network:
It would seem that given the large volume of users that Coinbase has (over 10 million), the entire Bitcoin-SV market has not yet fully determined its price if hundreds of thousands (potentially) of Bitcoin SV coins were locked up on Coinbase.
What will happen to the price: rise or fall?
Now it's time to see the Bitcoin SV market. There is a potential opportunity to buy an artificially cheap BSV, but is it worth it?
Apart from the fact that Bitcoin SV recently came out of the top 10, it is worth considering the impact of the coin community on its price.
True believers are the Foundation of any crypto economy. BSV Hitlers take into account the strict limit on the amount of dumping that takes place. BSV hodlers can see opportunities in getting a BSV at a discount as a result of a new dumping that will definitely appear due to the Coinbase solution.
Maybe it was the leader of the network Craig Wright, or rather his statements and actions, were the reasons for the rejection of Coinbase to BSV?
Although BSV technically has a public blockchain, it is largely the brainchild of the thought of Craig S. Wright and Calvin Eyre. Thus, the conduct of any business around it can be considered as risky when the demagogue is constantly threatened with lawsuits, declares that he is the true Satoshi announces incredible roadmap and demands to be called his network the "true bitcoin".
Read on: Buterin called Bitcoin SV " fire in the trash»
Any of the more than 10 million Coinbase users who held BCH during the hard fork will now have the opportunity to dispose of their BSV coins. However, to define clearly where it will lead - not one.
Link (Russian) - https://altstake.io/news/coinbase-vyvodit-iz-obrascheniyabitcoin-sv