It's BSV Bank Run Day 🥳 On the 1st and 15th of every month …
It's BSV Bank Run Day 🥳
On the 1st and 15th of every month Bitcoin SV holders are encouraged to take BSV off exchanges and into self custody
BSV held on an exchange is an IOU from the exchange
BSV in self custody is owned by you 🦾
If some exchanges don't hold enough BSV they will be forced to buy more or halt withdrawals
Replies
I attempted to withdraw 16 BSV from MEXC a few hours ago
MEXC cancelled the withdrawal stating technical issues
I made the same post on CMC about the BSV Bank run
Even if BSV holders don't have BSV on exchanges they can participate by sharing the BSV Bank Run info on social medial
I was able to withdraw 16 BSV from MEXC on the second attempt
I had planned to borrow $1000 using BCH Moria Money but looking at my exposure to liquidations and redemptions on that platform I will have to delay that idea
1.1k views in 24 hours on the CoinMarketCap BSV Bank Run post (no emoji likes yet)
BSV price is up and the traded volume is up
Early indications are that BSV Bank Runs may expose some exchanges to fractional BSV reserves
1.5 K views on CMC about the BSV Bank Runs
4 emoji likes