When it comes to trading crypto traditional TA is useless. You can find patterns no matter how you cut it. Up or down you can say history is repeating itself. There has never been a market that fluctuates on the single fact that people are either buying or not buying.. This is psychological and there is simply nothing more to it. Either we love BTC (NOT BSV) or we dont.
Considering BSV is centralized and owned by 2 individuals with a history of questionable behavio its easy to assume the product they have created is probably shady to some degree. Giant blocks are cool and yes its programmable.. but for what you gain you sacrifice security. If crypto is going to be accepted (100% up to us) as a future world currency then Bitcoin will be insanely valuable and not likely used as day to day cash. Another crypto or offcahin solution can solve this.
For this reason I believe freezing btc was the absolute best decision imo. Rushing in to change it and upgrade it would be a mistake. Thats what forks and alts are for. Developmental platforms are great for experimenting. Btc is still what it was and will stay that way.. secure and unhackable. BSV would be a great platform if only it wasn't centralized and controlled by people with questionable incentives.
Trading to make a buck is one thing.. promoting it as a decent company or product is another.. in crypto the company and product are really all there is. BSv would be great if it wasn't trying to steal Bitcoins place while making outlandish and impossible claims. There are a many number of other coins that can do what BSv can do.. So I say Good riddens.
BSv and its owners are here for one reason and one reason only.. to take your BTC. Same as 90% of All other ALTS. If you truly understand BTC and how valuable it is.. you understand this fact.
BTC is going to decide which ALTs deserve a place on the cryptosphere. This has been a long time coming.
- A
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** BREAKING NEWS **
Craig Wright has lost his case against Ira Kleiman. Kleiman awarded 50% of IP and Bitcoin mined.
The Judge rejects CSW's testimony and finds that perjured himself with falsified documents.
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Craig also admitted in court that he lied about W&K and was never a part of it. It seems Craig does not have access to the tulip trust and will never have access to it.. there is no massive dump coming for BTC and Craig is now without a doubt a liar and scam artist. Why this matters? If Craig was Satoshi then BSV would truly be Satoshis vision but if Craig is not Satoshi and liar than BSV is nothing more than a scam.. thats why it matters. Good luck.
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Just to clarify since there are some people holding their breath so long they have lost brain cells in the process..
Case closed. This will not be moving to trial the only option for Craig now would be to appeal the judges final decision and he already stated that he will be paying back what he stole so its over. This will not be going to trial and Kleinman secured his deceased brothers estate. The judge was clear that Craig did in fact submit falsified documents and despite the fact that nobody can prove Craig was the one who forged the documents its clear he committed perjury.
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"Apparently, dead men tell no tales, but they (perhaps) send bonded couriers. [...] Inconceivable." -Magistrate Judge Bruce Reinhart, Kleiman v. Wright, Aug 2019. (Who then uses the term, "fraudulent," five times to describe Craig Wright's conduct in the case.)
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Today, in the Kleiman v. Wright lawsuit, the Order On Plaintiff's Motion To Compel was released on the Courtlistener website.
Case 9:18-cv-80176-BB Document 277 Entered on FLSD Docket Page 29 of 29
"DONE AND ORDERED in chambers this 27th day of August, 2019 at West Palm Beach in the southern district of Florida. BRUCE REINHART United States Magistrate Judge"
The propaganda has been very successful when people believe BSV is something new that has been created and they also believe BTC froze the protocol!! You can't make this stuff up.
atomica
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@Doji-Star, I appreciate your feedback and insight. For the record I never said BSV was something new rather a fork of a fork which it in fact was.
Doji-Star
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@atomica, actually it was not a fork. Technically the fork is the branch that changes the protocol. So, technically what we call BTC is legally and technically an "airdrop coin". Hard to believe but it was BTC that "forked off" by changing the protocol. Same with BCH
atomica
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@Doji-Star, wow that is the first time I ever heard the BSV explanation for calling BTC an airdrop.. is this really what you believe? I would suggest trying to understand the facts , dyor with concern to blockchain and btc whitepaper, before listening to youtube videos crom CSW. Thats how flat earth started lol
Doji-Star
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BTC is strongest for now. No argument there, but only because people have never looked at the original protocol nor understood that it has *already been changed*. It already happened. Please don't take my word for it DYOR>
atomica
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@Doji-Star, That is a rather large assumption. Why would you assume that 90% of the cryptosphere and people who have loved BTC for almost a decade now have never once looked at the original protocol? When you say "Bitcoin is the strongest now" What are you referring to? BSV has sacrificed its security to be more of a developmental platform. We always knew this was possible but also not worth it at least not without testing it first and thats what Alts are for.
Doji-Star
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@atomica, Originally Bitcoin has many op codes with which to develop with. The developers from Blockstream removed the op codes, which is why Ethereum came about. Ethereum screwed up though by making every node do every computation. It's nuts.
atomica
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@Doji-Star, Ive been involved with bitcoin since 2012. I remember when Ethereum was just an idea. The narrative that CSW is spinning is twisting the facts. I can see why you are down this rabbit hole but that is not at all how it played out. Offchain solutions were always considered an option. Using bitcoin as a developmental platform and enabling op codes was never its intended use case by anyone who understood bitcoins potential as digital money. The goal was always to use alts and dev platforms like ethereum as a sort of testnet. The idea was always to preserve bitcoin as much as possible and never taking any unnecessary risks. When BCH forked I was happy like most people to see another version of btc and to see what could be done with it.. but it was used to attack in an intempt to overthrow BTC by a shady character and its happening all over again with BSV. SCaling with gigamegs is fun and interesting but it should never be done to bitcoin and thank God it wasnt. If you truly understand crypto and the value of Bitcoin then you understand just how insanely valuable bitcoin is. Using it as a science project and messing with it like its some experiment is careless and stupid.. thats what shitcoins and forked failed coins are for. I have never seen an issue with having Btc as a store of value and BCH as a P2P cash system.. BSV as a bitcoin developmental platform.. that would be great but unfortunately the cryptosphere is fueled by greed not innovation. BSV is so radically different than anything else and especially from Bitcoin and the whitepaper. If you cant see that then I have to question if you've ever actually read or understood the WP.
Doji-Star
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@atomica, You accused me of saying something false below, but didn't say what it was. Can you please either retract it or say what it is? Thank you