Transparency: I own a decent amount of BSV! I use Twetch occasionally and looking forward to more things that will be built on this blockchain. The technical opinion is below the line in the post.
I think it goes without saying that BSV/USD is not an asset that can be traded like other crypto assets. I am of the opinion that BSV was highly manipulated around the time that CoinGeek held their conferences, I'm not complaining, just something I notices.
But a pump didn't happen around the time of the last CoinGeek event, well, not a very big pump at least! Was it due to Covid? Perhaps, or maybe the pumpers didn't think it was worth pumping around that time because there wasn't going to be an audience at CoinGeek...who know.
So, what can we do with this crypto asset at the levels it's trading at now? Under performing what everyone that bought into the hype thought would be an amazing over performer. __________________________________________________________________________________________________
I'm showing a chart of the one month candle, which to me, cut's out all the irrelevant noise. Because, if you think about it, that's all it is, especially with this asset.
I pulled a line from the low of the first candle wick and connected it to the bottoms of the two rocket ship candles.
I know what you're thinking...why didn't I connect the line to all the low wicks? To show different perspective...that's all.
I notices that if the month of December's candle closes below this line, we may have broken a long term trend!
Does this really matter if the candle closes below this line...the more I think about it...the more I tell myself...no! To be honest, this is the one crypto I can't trade, even when it pumps hard.
To me, this is a fundamental play. So, since I saw value at $240, why wouldn't I see value at $150 or $130? Even after it breaks trend?
BSV isn't listed on many exchanges, Bitfinex, Bitrex, and Robinhood. There's probably a few more but that's not very many.
It can be manipulated pretty easily I'm sure!
I don't think BSV will start trading like a normal asset until they prove to the crypto world that they are what they say they are...Bitcoin.
What I find interesting though, is that Robinhood will allow BSV to be traded on their exchange. Can anyone leave a comment as to why that is?
I'm mean, BSV was branded as the "Scam Coin", why would robinhood allow a scam coin? Food for thought.
Leave a comment, let me know what you think.
This was a lot of rambling but I don't get to discus crypto with anyone so might as well talk to my keyboard : )
BSV can replace the entire crypto market. Thats why the real Bitcoin is suppressed. Most of the propaganda comes from the mouths of do nothing idiots... same as it ever was. BSV builders teach about bitcoin and the tech... what it can do for our world... we send it for fun and for friendship. I twetch too. Accumulate if you believe. Thats my game.
MrScalpers
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@Aeon93, Completely agree. I look forward to the day that the network is massive! I truly hope BTC get's crushed by BSV, not just by price but by billions of people actually seeing the value and using it...on a daily basis.
Honestly, those that are scared BSV will succeed as the real Bitcoin say 'scam coin'. I used BTC 2 yrs ago to make purchases and realized it's worthless for that purpose and now it's being run up as a ponzi scheme - scam coin much?
MrScalpers
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@Rictusgrin totally agree, I purchased $10 worth around 2017 and was going to sent it to my wallet but the fee was $15 🤔
I thought to myself...something isn’t right here 😂
Aeon93
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😁 never hold btc
kekno3030
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BSV has garbage PR, it will profit if Wright liquidates his BTC holdings. It's stagnant while BTC continues it's parabolic BS bubble.
MrScalpers
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@kekno3030, Yeah, it's sure is difficult! BSV will have it's year...and then there will be many years after that!
DongkyDevil
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Trust craig wright.
MrScalpers
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@DongkyDevil, I can't tell if this is a sarcastic comment or not.
But, CSW was part of the reason that made me doubt the entire project.
Not to take credit away from CSW in any way but it was actually everyone else that's involved with BitcoinSV that makes me feel confident.