Title: The Shackles of BSV — ​1. The "Curse of Supply" Left…

Title: The Shackles of BSV —
​1. The "Curse of Supply" Left by the Hard Fork
​Inherent Selling Pressure: Because BSV was distributed for free to existing holders during the split (airdrop) from BTC and BCH, many investors perceive it as a "free asset" rather than a long-term vision. This creates constant selling pressure that suppresses price growth.
​Perception as a Derivative: The market often treats BSV as a derivative of BTC rather than an independent asset, resulting in its price remaining subordinate to the broader Bitcoin ecosystem.
​2. Shared Mining Algorithm and "Hash Switching"
​Profitability Correlation: Since BSV uses the same SHA-256 algorithm as BTC and BCH, miners shift their hash power back and forth based on real-time profitability.
​The Price Ceiling Effect: When the price of BSV rises, mining difficulty increases, and the newly mined supply is often sold immediately on the market. This creates a physical constraint that forces BSV to maintain a fixed price ratio relative to other Bitcoin variants.
​3. Lack of Liquidity and the "Pairing Trap"
​Deteriorating Trading Environment: Delistings from major global exchanges have significantly crippled trading liquidity.
​Deepening Reliance on BTC: With the difficulty of establishing independent buying momentum, the market has become overly reliant on BSV/BTC trading pairs. This structural limitation makes BSV even more sensitive to BTC’s volatility.
​Conclusion
​In conclusion, despite its technical advantages, BSV is trapped in "shackles" forged by three links: its origin (supply), its technical similarity (mining), and its trading environment (liquidity). These factors prevent it from establishing an independent price trajectory.
​What is to be done about this? What are your thoughts?
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