Indicators Bitcoin SV called far from the real market

Capitalization of cryptocurrencies Bitcoin Satoshi Vision (BSV) exceeds $ 3 billion. The growth increased to such a high level did not prevent a barrage of criticism, under which BSV was the past years, starting from the moment of its creation. However, the known fan of cryptocurrencies, broadcaster and economist Max Keiser refuses to believe in such figures. He States that the indicators BSV is strongly wound, that is trite is not true.

We will remind, the initiator of althena became infamous Craig Wright, who for a very long time impersonating the Creator of the original Bitcoin. Bitcoin Satoshi Vision, in his opinion, corresponds to the "original idea Satoshi" about the purpose of the main cryptocurrency.

The main difference from the original cryptocurrency Bitcoin is in large size units, because of what the network of a coin can cope with a large number of transactions and loads. However, it is worth noting that on the eve of the total size of the blocks in the Bitcoin network SV sharply lower — including lower BTC. Accordingly, exactly at this moment BSV in fact does not justify the purpose of his existence.

BSV Биткоин размер блоков

The total size of the blocks in the BSV network and Bitcoin

We checked the latest data from the rating of the cryptocurrency. Today, BSV holds sixth place in the overall race with a market capitalization of 3.16 billion dollars. Daily trading volume is equivalent to 895 million USD, with the rate of the coin is 171 USD.

Note that this year the BSV managed to jump above $ 400 USD — this happened in mid-January. Accordingly, since the value of bitcoin has dipped at least twice. Here’s a chart of the behavior of the BSV rate in 2020.

bitcoin sv график курс

Bitcoin rate in SV 2020

Of that criticism Bitcoin SV

According to Kaiser, 90 percent of all trading volume BSV are created with just one anonymous trader. In this regard, the presenter is sure that the price chart BSV is more similar to artificially draw a hologram than the actual situation on the market. Here is his tweet in which he voiced this criticism.

His view is supported by Simon Dedic, a specialist from the company Moonrock Capital. Dedic and does believe that many altcoins fell into the top 10 of cryptocurrency unfairly. According to the expert, they should be more promising projects by type of VET, LINK, XTZ or ATOM. Here is his quote.

XRP, BCH, BSV, LTC and EOS shouldn’t even be in the top ten cryptocurrency. Can’t wait for the closure of these projects, they should open the way for the really good startups.

The General Director of a famous research company Messari Ryan Selkis predicts that the BSV along with the XRP and USDT will lose their positions in the rankings and out of the top 10 in 2021.

After his statement, Max Keiser and criticized fans altcoins.

Supporters of altcoins and hardporno not listening to the facts. So I’ll just let the market speak for itself. Market capitalization of Herat and the trading volume of Bitcoin heading towards 99 percent of the total cryptocurrency market.

This view was supported by Kevin rose, the Digg co-founder and General partner at True Ventures. In may, he spoke with journalists at TechCrunch , and voiced the next thought. Here is a quote.

The problem is that 99 percent of the project altcoins] and many people behind them, do it just for the sake of pure financial gain. Therefore in the industry a lot of garbage. And it’s unfortunate because this situation is in particular drawn to the bottom of high-quality projects, and it’s a bit confusing cryptoprotection.

By the way, Max Keiser noted that the market “there is no coin that could do something that can not or will not in the near future to do Bitcoin”. That is, in his opinion, a great need in altonah simply no.

This is quite a controversial statement. Especially given the same opportunities of Ethereum.

In the end, the experts agree that the SV Bitcoin is just a bad parody of the original Bitcoin. Aldona have enough problems, both with centralizationand reputation of its founders.

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Craig Wright

We believe that the criticism of max and other analysts to address the BSV and some other altcoins is justified. Moreover, many of its components are common with the items that we announced in the article "Buying altcoins — worse than Russian roulette". It refers to the periodic death of various coins, loss of interest their development, regularly changing top coins and other problems.

In the meantime, we have to monitor the top of the overall rankings of the cryptocurrency and find out, do predictions come true experts. In other words, whether will fall out over time BSV and other enumerated coins.

Even more interesting are looking for in our cryptodata millionaires. Also don’t forget to follow us on Yandex Zen.


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