Why do you think BSV spiked today? Not that I’m complaining…
Why do you think BSV spiked today? Not that I’m complaining...
Replies
People are slowly waking up to how powerful of a technology it is.
Very true, Irwin. Very true.
It's in the CoinmarketCap top 10 - sure beats Fonzie Coin!
Ah. Wasn’t aware. When is it coming?
Because of coming upgrade. Usual pump before the upgrade. Happens also on BCH
24th July the upgrade is going live.
Also the spike is related to CSW message of donating all his BTC/BCH in 2020 and only hold BSV.
Nah. He put that message after the spike.
Every time we pump, people purport it to be organic growth, but when we dump (always in conjunction/after BTC), we cry foul and say tether manipulation. We need to really know what's happening. Why are we still so closely tied to BTC prices?
I have no idea why we pumped so hard in the last 24 hours. Happened also last month when we went from USD 90 to 250. But after that we dropped back to 111 before this pump. It seems to make no sense if it were truly organic. I suspect Tether reaches us too
We will be tied to BTC prices until there's a mainstream shift of awareness. This will probably only happen after BSV is more valuable than BTC in price and higher in hashrate. For this to happen, BSV needs to reach consistent higher miner revenue than BTC
The markets make sense if you study technical analysis and experience a lot of different markets and understand how to use the analysis tools and what they mean. There's a limit to what you can understand, where volume comes from is one of those limits.
I have no idea but looking at where most of the volume is coming from for this spike the koreans are buying it up. I have no idea why maybe they know some stuff we dont lol
Interesting. How can you tell where the volume is coming from?
Maybe an IP tracer to specific exchanges is metering the spike in volume? But like Gangham style?
volatile but still predictable if you study ;)
Thinly traded markets are volatile.
Plot twist, CSW dumps BSV