Not sure who needs to hear this year, but from my experienc…
Not sure who needs to hear this year, but from my experience, BSV could trade to a negative number. Don't get me wrong, a negative price for BSV is a lot less likely than when May 2020 West Texas Intermediate Light Sweet Crude Oil Futures Contracts traded for NEGATIVE $40 in the COVID panic of March→May 2022.
Unlike oil, BSV doesn't require much to store, and demand is quite low at the moment. But like oil, BSV likely trades more via derivatives than it does physical (actual BitCoin, as in the bitcoin you'd put on a cold wallet or store on a piece of paper).
The point here isn't that BSV can or will trade to a negative number. Rather, it's to point out that when derivatives outwiegh the physical, wild and wacky things happen to prices, due to getting so far away from the reality of the commodity that there's more selling of bitcoin in a month than bitcoin actually exists in the world.
The point is, if the entity/entities unfairly suppressing BSV wanted, they could make BSV go negative, without breaking a sweat. It could happen if a few billionaires cornered the entirety of the famed 21mm supply too.
They could gear up and make BSV trade to $0.00666 and could make it happen relatively quickly too.
There's an old blackjack book which teaches people how to count cards to gain an edge on the casino. I read this book before the clever MIT kids figured out how to make millions playing Blackjack in groups. I visited rinky-dink towns in Nevada (Jackpot, West Bendover, etc…) and won money on single and double-deck blackjack tables like it was my 2nd job for a few months in 1994 while training to run nuclear submarine reactors in Idaho. In the book, by Edward Silberstang (I believe- from memory), he tests your ability to calculate your edge by giving you a theoretical bunch of rules for a casino (blackjack pays 2:1, can split any two same cards, multiple splitting in a single hand, double-down on any two cards, etc….). But in one chapter, he sorta tricks the reader. He gives out a dozen rules for you to calculate your edge, but then mentions the dealer is also dealing from the bottom of the deck no problemo. What's your edge? It's a trick question, because your edge is ZERO. You aren't able to beat a cheating dealer no matter how much Blackjack knowledge and experience you have. The only way to "Beat the Dealer" in a rigged game, is not to play. (that's another famous quote— you can look up the etymology).
So the question is, is BSV a rigged game? I once left a table in Jackpot Nevada when the dealer changed and I had a half dozen different vibey pieces of evidence the dealer was a "cooler"— aka able to cheat when dealing. Could I prove it beyond a shadow of a doubt in a court of law? It was for just hundreds of dollars, and that would've cost me more money than I stood to gain if my edge was working. I had the luxury of just leaving the table. But that luxury isn't the same with a computational commodity. The beauty of a commodity is that it allows you to do special things that an asset (cloud computing) does not. But in order to take advantage of those qualities the commoditization of the asset offers us, we simply MUST have a fair market. How do we make a fair market tho?
By controlling the rules of the fair market, such that BitCoin's price will be discovered true and fair. that's easy. But in BSV is it actually easy? Turns out no. And for an odd reason. BitCoin is one of the few commodities which wasn't set up by an exchange operator. BitCoin started off life like silver coins— built by a private citizen, and traded over-the-counter (OTC). What does OTC mean? ( SLictionary.com/CreateWord/OTC/@/@/ and make money telling us!) It means you can trade BitCoin all day without an exchange— always the case. You can trade it in a back alley with shady folks if you like. This is the source of the business idea LocalBitcoin.com in fact. When I looked into buying a LOT of Bitcoin in early 2013, buying paper bitcoin was the only way it seemed possible without trusting shady-ass exchanges like Mt Gox and btce(?) which I believe was based in Russia (insert stereotypical Russian hacker meme here!) of all places. I balked. Not because I didn't think bitcoin could've made an obscenely lopsided risk/reward during 2013 (which turned out to be true), but because I didn't want my 1 year old baby eating a strip of paper representing $100,000, and I didn't baack then have the technical chops to figure out how to take control of my own wallet. Mistake yes, but if you were in my shoes that year, prolly same result, especially given how many street and cafe deals I would've had to do to get the amount I needed.
Enter the exchanges. In fact, it was the coming Coinbase which I think caused the run from $100 to $1,000 that year. by the time I was able to open my early Coinbase account, the run I thought was possible was already over. Coinbase allowed guys like me (early 2013 me) to more safely b…
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It was spelled btc-e, it had a hilarious "help box" aka troll box and you could withdraw much faster than gox
Yes the post was long winded but you're very knowledgeable so maybe work on the pithiness