Bitcoin SV Price sees 45% gain in under 24 hours
When was the last time a top 10 Crypto saw a gains so big in such a short period of time? In this video we do not discuss the technical analysis of the Bitcoin SV price chart. I would challenge any technical analyst to have seen that coming in a chart. We do however discuss the fundamentals of BSV. I’m joined by Brendan Lee the Training and Development Manager of the Bitcoin Association and SirToshi, a passionate supporter of BSV.
If your all about the charts get over to Satoshi Sisters Lisa Edwards and daughter River have close connections to the BSV project and that combined with their skills in TA I’m sure will see plenty of interest in what they have to say.
Bitcoin SV fundamentals in price action
I need to remind you all that the trading price of these cryptos does not make you a share holder and you do not get a dividend if a project is doing well. The trading price is primarily to do with the market sentiment, traders emotions or lack of control there of and ultimately the competition between those traders . How FOMO plays out here is going to be interesting. We will see a pull back,
Clearly news and speculation on the Tulip Trust in the on ongoing court case with Dr Craig Wright and the Kleiman estate is hugely behind this price hike. I flew to Toronto to interview Dr Wright last year and have followed the BSV project closely since its inception. I sensed pure sadness from Wright in having to go through this case as a genuine friendship clearly existed between Wright and the late Dave Kleiman, watch the video and see for yourselves. We can not say there are fundamentals behind such a huge rise in the Bitcoin SV price, just speculation on a new document submitted to the court and if that proves he holds a huge amount of BTC in the Tulip Trust. I do believe however that BSV does have strong fundamentals. Lets have a look at some of them.
Bitcoin SV and it’s fundamentals
Number one for me is a strong community and they have that. I hold no BSV or any crypto for that matter at present and will discuss why in coming articles. I have good things to say about the project because that is what I have seen personally at their conferences and getting to know key people involved has been a pleasure. They have a very active group in the Bitcoin Association who yesterday announced the award of a scholarship to a PHD student at one of the worlds best universities, Cambridge.
I have first hand experience of Enterprise engagement with them and nChain’s level of professionalism has been highly evident.
There is huge support for dev’s in this community and they even flew many to a tropical island for a hackathon last year.
The purpose of the chat with Brendan and Sistoshi for me was to learn more about whats happening right now in this project and I will continue to post videos like this. Apologies on the sound, it was a last minute mic fail.
I do think BSV is a project people should have a good understanding of. I have written about Bitcoin and produced videos for over three years now and what you will get from my content is independent coverage of Bitcoin. I find the fighting between the camps ridiculous at times. They are different projects. The ability to hardfork Bitcoin was built in. The ability to focus on what your doing and stop slinging abuse at rival Bitcoin projects is not built in.
The Real Cryptos
Next week I launch a show called the Real Cryptos. It is my attempt to bring new people into Crypto. It starts with the basics and as the series moves forward we will highlight the best people and projects. It has a strong real world use case element and while projects are at different stages of their evolution I have uncovered some gems that are here and in use right now. You can help me by subscribing to my youtube channel as we have to show potential sponsors numbers and I can only self fund this for so long. I have a passion for this space and telling the stories in an unbiased way of some incredible people and projects is something I want to bring to you this year. There are great people here but the entire Crypto industry is somewhat swimming in pool of shit with a negative public perception as the huge percentage of scam or ill concieved projects fizzle out leaving disappointed speculators.
Bloomberg, a supposedly respectable brand reports on the increase in BSV’s price by quoting Sid Shekhar“Some folks say it is a reaction to Craig David Wright submitting more documents to the court — but it seems like a coordinated pump more so than a genuine market reaction to positive news,” said Sid Shekhar, co-founder of data researcher TokenAnalyst.
Doesn’t a blockchain keep a record of everything and remove the opportunity for fraud. Where are we at? Who is Sid? One thing I think we can all agree on is the Bitcoin/Crypto/Blockchain space needs some positive coverage. Watch this space, I think BSV will be a part of it.
Get in touch with me if you would like to discuss the Real Cryptos show. info@hardforking.com Episode one is out on Thursday.
