RT @ellaqiang9: Funny thing is this fake news was so bad that did not even make much splash in the Chinese crypto community, and now CoinDesk attribute this to the BSV price pump without doing any research. "News" = one of your crypto influencers' tweets. https://t.co/9mRwD62Jyh
This is highly misnformative. There are trolls everywhere in this space doing things, yet people want to blame BSV and say its a fake pump, when really the price is undervalued based on its utility with world record size blocks. Anybody could cherry pick some meme or image from any forum and then push a similar attack narrative. But they don't except for against BSV, what does that tell you. The people doing such immature things are certainly not BSV supporters, just trader morons. And who would even believe such ridiculous news, it is obviously fake, and debunked immediately. The only reason people knew about the fake news was because of the anti-BSV narrative about it. This is just an attack narrative against BSV because traders and shitcoiners bags are threatened by the real Bitcoin.
patrickstar4661 - 2 years account age. 200 - 1000 comment karma.3 weeks ago
World record block size means nothing if no one use your network and that is what BSV is. Apart from Arye and CSW, no one use BSV. Funny how there was a dump on bitfinex from $250 to $44 today. Clearly those scammers that cause the fake pump cashed out and left gulliable people holding the bags.
Bitfinex the hacked, tether scam exchange? Many people are using BSV and building things on chain, on the ledger, that is the whole point, just check out [agora the operating system for the metanet](https://www.agora.icu/). Look at all the amazing stuff being built on chain. Nobody is using it?
I always smile when I see you guys post - the mental gymnastics you go through are hilarious. I hope CSW is treating you both well and not keeping you locked in his gay sex dungeon - blink if you need us to send help.
It's not only the fake news and fake copyright submission, the shitcoins with low volume and liquidity can be pumped easily. That probably means that there will be an equal movement downwards when the pumping ends.
Just did that using Edge wallet. Transfer your BCH to Edge and choose the split coins option. Worked like a charm and much easier than the hours I tried to spend figuring out ElectrumSV. Then you can exchange BSV to any currency you like for a small fee right in Edge.
>Just did that using Edge wallet. Transfer your BCH to Edge and choose the split coins option. Worked like a charm and much easier than the hours I tried to spend figuring out ElectrumSV. Then you can exchange BSV to any currency you like for a small fee right in Edge.
>They more than quadrupled the price within one month. A good proof again that bitcoin and all crypto is *solely* driven by mass emotions.
That's not logically consistent at all and it's amazing how much you can get wrong in such a short couple of sentences.
I actually think that most "crypto" exchange value is driven by speculation, not emotion. That is, most of the people buying and selling don't actually care about it at all and are just buying and selling in order to increase their total value. So not only is it not "solely" driven by emotion, I don't think it's even *primarily* driven by emotion.
I suspect there is a significant emotional aspect to much of the space, however I don't think it's easily quantifiable, nor do I think that a change in exchange rate could ever be evidence for this alone - it'd need to be cross referenced with something that can be shown to influence the emotions of people involved with it.
When you use the phrase "...driven by...", you need to be define better what you're talking about. I'm pretty sure - based on the sentence prior - that you're talking about the exchange rate. This is one of the least interesting things about Bitcoin, so taking it as a given when saying something is "driven by" something else is either dishonest or stupid.
And lastly: Not all "crypto" is the same. I generally put the term in quotes because I consider it not only useless, but in fact harmful. It's a strange term that somehow includes Bitcoin, Ethereum, ERC20 tokens, Dash, Monero, Iota, and Ripple, but doesn't include airline miles, loyalty points, or World of Warcraft gold. I would challenge anyone to find a single meaningful property that all "crypto" has but those other things don't. This kind of lumping together allows people to dismiss actually interesting things (e.g. Bitcoin) because of obvious flaws in totally unrelated systems (e.g. Iota).
I agree with you to a certain extent but it applies to rallies which last over days or weeks. Very basic TA works for intraday trading, but it does not carry many concepts from stocks or forex trading. People say to diversify your assets but bitcoin or any cryptocurrency for that matter is more of an ideology that you buy into.