Twetch ·
Good answer. If it was up to me, we'd have massive utilization tomorrow and the miners would switch from the 24th onward. Maybe they have that card on their sleeves. New apps waiting to be released on the 24th.
Twetch ·
Supply-wise, it is double the effect of halvening, but in the opposite direction.
Twetch ·
I don't think it matters how fast BTC drops. Non-existent utility, and it stores value as much as any other giant Ponzi in history.
BSV is the most promising coin on the market, and will find it's way north regardless of what BTC does.
Twetch ·
I agree with Alex, the worry is not the drop in price, the worry is the nonexistent use cases for BTC vs BSV who by then gains hash by the day & store of value dawns upon investors in BTC is actually better on Bitcoin BSV. Businesses thrives onchain BSV.
Twetch ·
When hash moves quickly to BitCoin and BTC hash rate drops, difficulty won’t adjust downward fast enough and you’ll see more people than ever FOMOing out trying to get their BTC to an exchange to trade for BSV. BTC congestion will grow bigger than ever
Twetch ·
BTC price will tank as soon as BItCoin is sustainably more profitable to mine than BTC. This could either happen as the result of a BSV decoupled price increase, more revenue from txns, or both.
Twetch ·
interesting, blocks would also take forever to be mined as a result of lower hashrate without a difficulty adjustment. The network could freeze for a week or more.
Twetch ·
I think this scenario is unrealistic and unlikely at the moment though, there's not enough awareness to keep the price of BSV high in a mass panic, chaotic situation. If BTC crashes, all others will drop significantly too.