Topic: everything was fine untill BSV scam appeared (Read 292 times)

https://cryptopotato.com/did-bitcoin-claimant-craig-wright-try-to-kill-himself-court-docs-reveal/

The reports told that he tried to commit suicide in May 2016 (possibly the case of being mentally unstable). I have also been watching some shit accounts shilling about BSV saying that Wright is the real Satoshi and that he'd destroy the original BTC.

I don't see any reason to have a connection with crypto market and BSV. Crypto market was having worst days even from long ago, mid 2018 almost. Is there any logic behind your claim? I don't see any. However, it's true that BSV is a scam shit.

I'd like to see the source of this information.

Everybody knows he is one unstable delusional mf but I can't really imagine him doing this one.

On the other hand I don't understand how can he still be free after lying the court so many times neither.

There was a recent report produced in the court which claims that CSW tried to kill himself (suicide basically). I don't know that at what extent is it true but yeah, he tried to bring in his own BTC ahead of everything thinking that he'd take the advantage of people's doubts on him being the real Satoshi and yeah, the fear that he'd just sell off BTC (as he claimed in a tweet) was enough to make weak hands believe they're fucked. That's the reason why there were some sudden falls in prices of BTC, BCH ABC & BCH SV.

It just crashed BCH. Everything else is as it was meant to be. BCH seems to get into troubles, its transactions are not increasing and are more in a decline same as Bitcoin. But Bitcoin already have close to 10 million transactions a month.

Nah,,, I do not like BSV or even Bcash, both of these were complete scams in my mind, along with all the other Bitcoin forks that followed it for just being copycat scams.

BUT I would not blame it all on them. Thousands of other ICO scams to blame too, and speculators who could not wait to make x100 on them.

normal ? not normal but you mean to say new normal because there are many differences that occured lately  ( decline on the price/market , decline on the economy  , etc  ) bsv is not that huge enough to influence other cryptos  so its not bsv that makes the these new changes that we experience but it was cause by more fatal events   .

joking about covid 19 is not good because it destroys many lives     ,  he can say what he want to say to bsv but i dont like it when he relate it to covid

BSV and all the negative press around it and CSW acting like a clown certainly doesn't help crypto as a whole to gain more legitimacy.

However what is hurting the market more, in my opinion, are all the actors such as BitMex and Deribit etc ...
Basically, the derivative market.

Because they can offer leverage, speculators see it as a more effective way to gain profit.
But buying a contract on BitMex doesn't entitle you to real BTC. It doesn't affect the underlying asset market.
(however the price of the asset sometimes can follow the price of the derivative, in which case infinite cash can constantly keep BTC price low artificially)

All that flow of value if channeled within the protocols themselves by acquiring the tokens would certainly bring more value to crypto assets in general;
certainly much more than if BSV never came into existence.

You are too appreciative of the influence of BSV on the cryptocurrency market when you evaluate it as covid19. I think everything is normal, the bitcoin price is still at an acceptable price and the market is nothing bad.

When a person is having such difficulties in facing their battle against the current FOMO, that's the reason of wrong decisions. We're really dependent with the game of those whales in which small traders fall upon their strategic plans. If we're looking back at 2017, I felt it was very surprising year for everyone of us and yet many people still hoping to see when it would start to commence again.

Don't blame BSV though it's partly to blame since shitcoins are one of the reasons why people are not as aggressive in investing like before.
IMO, the main reason is that crypto market is not matured yet, manipulators or the whales are good at their game, they create some hype and then the FOMO happened, back in 2017 of the last bull run, everything was just overvalued due to the FOMO, and some people are not seeing a possible dump effect because we are blinded with our greed.

Right!

He shouldnt really took the blame to a single coin.We do all hate BSV but doesn't mean that this is the reason on the things we are facing right now.

Everything is never been find because price do always move and of course there are really ups and down.News everywhere neither good or bad.
The market do moves neither align with these events or doesnt have any correlation at all.

Scams would fly out anytime on any market or into places that do really involves money since we do talk about BCH and BSV then its true that things are already worst before these scam coins do exist on.

I dont know whats the basis on why op do talks about everything was fine wayback before bsv/bch or maybe he's just new and doesnt still able to experience the market condition on earlier phase thats

why he do took blame into those shitty forked bitcoin. Market condition would really be always like this where legit or real projects and scam ones would both exist.This is why we should

really be more smarter on dealing up with things.

ATH BSV last February was purely speculation, I'm concerned about people who are stuck at that high prices

for me, BSV and BCH are not much different because from the beginning BSV was a separation from BCH

Remember, Bitcoin SV has reached All Time High in February 2020, so it is natural that now the price of BSV has not experienced a drastic increase, the possibility of a correction will occur again

The problem begun when there is too much scammers in this market, not just the hard fork of Bitcoin but so many shitcoins and scam projects. I didn't say that BSV is a good one but come to think of it, if there's no scammers at all then the market for sure will be on a good situation right now.

But then again, this is normal and even with bitcoin the price should go up and down. There's no easy way for us to reach the moon, bitcoin have to stabilize before it takes off again so stop blaming and just keep working.

Undoubtedly, Bitcoin SV is taking part of the fame and a significant part of investors from Bitcoin, all the while trying to replace Bitcoin. In addition, the competition between Bitcoin SV and bitcoin is unfair, since Bitcoin SV uses a lot more computing power, so it would be logical to assume that bitcoin SV interferes with the development of bitcoin. experts say that it’s really real kind and trouble-free competition like Ethereum and Ethereum Classic, but between Bitcoin SV and Bitcoin today this is impossible.

you are confused about a couple of things here, first of all ETH, BCH, BSV are all in the same category of crappy altcoins and with decreasing size. and their existence barely has any effects on bitcoin price or the overall market movements.
secondly BSV didn't appear recently. this shitcoin started a while ago and it is only in war with another shitcoin called BCH and they both work with pump and dumps.

BSV is the exact technology as bitcoin since it is a copy of bitcoin. its transaction speed is also the same exact speed as bitcoin since everything is without any change.
as for SegWit, both BCH and BSV already have a large portion of the Segregated Witness soft-fork implemented, it is just not called SegWit and since they were both product of a "hard fork" they never needed the backward compatibility part where signatures are moved to a different field in transactions called "witness". otherwise they use the same transaction hash digest preparation as version 0 witness program and BCH even has the Bech32 witness address encoding implemented.

that is the absurdity of these shitcoins! they fooled a lot of newbies back in 2017 that SegWit is bad, you'll lose money if you use it, spread the "anyone_can_spend" FUD, claimed it adds bad complexity,... all the while their shitcoin was the exact copy of bitcoin that had almost all of SegWit in it!

BSV is old tech. I used it once, it took more than 24 hours to complete the transaction, paying the maximum fee. It was during that chinese run on BSV, their network was at maximum capacity. I read back then they only have one mining pool.

Its like using bitcoin without Segwit. If bitcoin is already slow with Segwit (1 hour to complete a transaction, paying maximum fee), BSV is even slower.

my theory is that craig + calvin ayre and company organized a coordinated BTC dump when BSV launched in november 2018. the reason is obvious---they wanted to create a narrative that people were dumping BTC for BSV. with all those juicy stops waiting below $6k, their dump helped trigger the crash to $3k.

obviously there wasn't much existing BTC supply to keep price down at those levels, which is why price slingshot to the $13000s afterwards in relatively short order.

in terms of real fundamentals and supply and demand, BSV is of no real concern. it's just another altcoin, one that is growing more irrelevant by the day.

in related news, craig has now declared he is autistic and used it as a defense against court sanctions, if you can believe it: https://cointelegraph.com/news/judge-accepts-craig-wrights-autism-defense-says-no-to-sanctions

I would like to see the argument if you have some rather than coming up with random outrageous things, the cryptocurrency market is having thousands of shit coins and they are not good either. I personally would like to have a single BTCitcoin rather than having hundreds and thousands of coins and that is not going to help anyone in the long run. There are many opportunist that are coming up with new coins and tokens because it is easy to raise and make money because it is a new market.

If BSV is a shit coin then it will die off eventually but how can one coin dying will help the entire market .

This is true. Plus the chances of getting caught by using scam coins to get some money off of investors is super slim, that's why you see people continuously creating scam coins one after the other and people are still buying it in the hopes of making money, while in reality those responsible for the creation of the coin are the only ones making money in this setup. BCH and BSV are pretty much scam coins that were created by people who think they can do better, but ended up shilling for their own creation and making their pockets full. Even without the existence of BCH and BSV, the crypto world is full of scams and is an unsafe place for the uneducated people anyway.

It could be due to the inflation, when the supply of a product increases. So many Bitcoin forks have been created and airdropped to hodlers of bitcoin and with a supply increase the value would have to adjust, it's similar to what happens in staked coins where the value drops as more coins are created.
The tussles between some of these projects and the claims of being Satoshi by the creators have not helped to improve the credibility of the projects.

Everything was not fine before BSV.

There were many scam projects before it and there are even more now.

The number of scams going only up because the cost of creating a scam is effectively zero.

High cap alts normally all fall together as people lose hope that have more power to start buying back bitcoin...
But bsv would've caused bch to drop as I said...

There was less hype on bch too and a greater amount of bad rep on one of its main sponsors and also they called standard bitcoin bitcoin core...

Did bch start to be valued at 0.15 too or was it 0.015 (from the start) I think it dropped a lot of its the first or remained stable if it was the second (it's been so long ago since I claimed my forks)...

Generally there are just too many bitcoin altcoins

but i think the real problems began when we had bitcoin cash around the time so many forks started happening ...hope i didnt step on anyone's toes by saying this

But what ever happened the real bitcoin (BTC) came TOP.

maybe not btc and eth , but bch was 650$ the date of the fork and it dropped to 200$ because of bsv

It might have caused people to believe that anyone with any sort of slight incentive could start their own coin however bitcoin and ethereum have great benefits so I wouldn't attribute anything of their recent activity to bsv, btc was lower in price when bsv was released wasn't it too?

Everyone with bch got bsv so that definitely had an affect but bch and bsv are kinda scam coins anyway that have an overinflsted market cap (bch, to me, is a less secure version of ltc, without any other differences).

who aggree with me that bitcoin sv appearance has crashed crypto and it was like covid19 for bch btc and ether , and the market will get back if bsv die , its still fighting