One fork of Bitcoin Cash (yes, the fork of the bitcoin fork...), named - pompously? - Bitcoin Satoshi Vision, is more than ever in a bad position.
After having benefited from a breakout bullish out of his Falling Wedge as I show on my chart, the party seems to be over!
BSV has just been delisted by one of the heavyweights of exchange platforms, namely BINANCE.
Other exchanges follow suit: notably Shapeshift. Also KRAKEN has just done a survey for, yes or no, to delist BSV of its platform. And the votes would be in favor of delisting.
The fundamentals and the decision without appeal of these exchanges being in total disfavor of BSV, the technical analysis not coming either to the aid of this so much decried Fork, it seems to me that the current Dump will continue these next days and that it would not be prudent at all to invest in this Altcoin.
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Email received at the moment of Kraken, delisting confirmed with the result of votes, I quote:
72% "Yes, it's toxic" 4% "No, need price decovery" 3% "No, it's awesome" 21% "don't care (see results)"
Very unprofessional decision by the exchanges.
In a free market we are supposed to choose who we get scammed by ;)
CZ is punishing CW or investors ?
CZ is a regulator now?
There might be thousands of scams out there...
MaxHodler
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@Jolgan, look at my update: on the side of Kraken, it is a "consensus" of about 70000 users which caused its delisting.
It goes well beyond an ego war between CZ and CW, even if your arguments are defensible.
Jolgan
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@Cryptor07,
That's fair, now what? A new poll on BCH?
If not, it's still personal
Maybe we're entering a new era, but I doubt it
but it's specified in the article:
"Yoshitaka Kitao, CEO and representative director of SBI Holdings, has previously criticized bitcoin cash’s hard fork, which took place in November 2018. As Cointelegraph reported, Kitao apparently has a connection with the BSV founder, with Wright having revealed their close relationship in a tweet in January, demonstrating that he and Kitao spent time together, and claiming that he treats Kitao as “a friend and man I respect a lot.”"
I would rather say that BSV's delisting benefits BCH (who has to collect the finances of the BSV refugees)
MaxHodler
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@Cryptor07, So, your "it's still personal", you can especially apply it to the delisting of BCH on SBI...
Jolgan
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@Cryptor07,
Let me rephrase:
Kraken argument for delisting BSV is: 72% of account holders think it is toxic for the market.
Now, do we know what percentage of its account holders think BCH is toxic too?
Answer is we don't know and will not know, even though BCH camp claims to be the real Bitcoin, but that's ok, unless they claim to be the real Satoshi ;)
Disclaimer: I'm not saying anything about the fair value of any coin. I'm just evaluating exchange criteria for delisting, rules for such action should be clear and apply to all coins
In a free market we are supposed to choose who we get scammed by ;)
CZ is punishing CW or investors ?
CZ is a regulator now?
There might be thousands of scams out there...