Bitcoin Forum

Let's remember, there is one Bitcoin, the rest are copies that will expire over time.
The story began several months ago and may disappear over the coming months as some platforms will begin to delist BCHSV in the coming days, Binance Will Delist BCHSV (https://support.binance.com/hc/en-us/articles/360026666152). Kraken thinks about it Should Kraken delist Bitcoin SV (BSV)?  (https://twitter.com/krakenfx/status/1117828361269571586?s=20), and It takes 1008 confirmation for BSV on Coinbase (https://www.reddit.com/r/Bitcoin/comments/bdqmj2/it_takes_1008_confirmation_for_bsv_on_coinbase/) .

On November 13 last year, the price was about $ 6,300. Do you expect the price will back to that level next week? Based on the news above only.

There is only one true Bitcoin indeed, and that's BSV - whitepaper says so. Pricewise, it's not in a good position right now, which might help the BTC ticker go back up to $6,300. I urge all hodlers of BTC to recognise that they are emotionally invested, and to consider the fundamentals on which Bitcoin was founded. BSV *IS* Bitcoin, and BTC is only the name of a ticker.

Since we already know that news alone not necessarily affect the price, I cannot expect the price simply go back to 6000+.
Also from what I know, there are still a number of exchanges that should delist BCHSV.

And you can add ShapeShift to the list of businesses drop BCHSV support  ;)

It was this recent "fork war" which caused the latest drop from 6k to 3k.

So yes, I expect the price will eventually go back to 6k.

I’m not sure if it’s that simple & multiple exchanges delisting SV will cause bitcoin to break $6,000 again. I hope the OP is right but I wouldn’t be so sure.

Obviously 6k will be here again but in the absolute, immediate future I don’t know.

If Binance, kraken and co. delist BCHSV do you really think it will make the BTC value going up?
Nah, it will do nothing, BCHSV will probably lose a good percentage yes but that's all. It could send the coin to the graveyard if too many exchange platforms delist it. Like with the Darwin theory, the best stay alive and the weak disappear in a natural process. Many coins will be forgotten as if they never existed.

If most of biggest crypto exchange remove BSV, then it is possible that some part of that value can be transfered in BTC. It seems that this news had a lot of influence on BSV price, it is lost 20% in last 24 hours, and it is also interesting that in top 20 coins only BCH is in green with 5,65% up in last 24 hours.

I think that a good portion of the funds that are generated from selling BSV will be directed to BCH, and therefore should not be expected that BTC can reach to 6000$ just because of this news.

I don't think delisting on some big exchanges can get the price back. The price might increase somewhat but not up to $6k if we neglect other factors. One reason for this is that delisting BSV on some exchanges will still allow it's trading on others. So while some people might turn to Bitcoin in this case, others will just change an exchange. Another reason is that abandoning BSV does not always mean turning to Bitcoin. Some people will surely reinvest in BCH instead. Thus, the investments that could lead to recovery if they were focused only on Bitcoin will instead get diversified, decreasing the potential impact on Bitcoin.

Bitcoin doesn't give a single shit about BSV. It requires one semi large BTC pool to absolutely wreck their chain.

What people don't understand is that BSV is being supported by a hardcore group of nutters thinking that big blocks are the only way to scale. They will not enter Bitcoin but rather continue licking CSW's arse. The only coin that gains something by exchanges delisting BSV is BCash, because they are getting rid of a competing chain.

I am glad that these baboons have their own chain to support, because the last thing we need in Bitcoin is to have them come back and start making problems again.

I think the price might go back to $6000 in the short term, but if it would, and while it definitely helped, I don't think it would solely be because of BSV's delisting. I think it would be because of market bullishness in general.

While it might really be the case, we really have no proof that proves that this solely caused the drop.

No not alone and probably not even much. Maybe a bump on the chart line but not much.
i suspect the biggest bunch who are jumping over will flow back to bch.

Do I expect the real bitcoin to hit that price next week?  No, not really.

I agree, there's only one bitcoin.  Bitcoin Cash could certainly be useful as a currency, as the fees tend to be lower and confirmation times are quicker (in my experience), but it's a fork coin, a copy of the real deal.  It doesn't have the huge community and 'brand' that bitcoin has and never will.  The same is true for the other fork coins, including BCHSV--and I barely even know what that coin is all about.  What I'm pretty sure of is that if it gets delisted from any big exchange, its price will likely plummet. 

On a related note, I get a bit anxious when I hear stories like this, since I've been buying PIVX lately to try some staking.  The price is already pretty low, but I'm wondering what would happen if an exchange like Binance decided to delist it.  Changelly already did--they used to have it available but haven't for a while now, and even Yobit doesn't offer it.  It's a big risk, I know, but I'm gambling with it anyway.  When a coin gets delisted, that affects that coin's prospects pretty drastically.

This can happen and the price will go more up, but i think this can happen after more time, and not exactly when BCHSV will be delisted from all exchanges.

Maybe, those holding this worthless shitcoin need to move into something, why not bitcoin? Next up the worthless shitcoin BCH should be delisted by all exchanges.

I honestly don't see how delisting BCHSV could translate into a massive influx of money to push the price up from 5k to 6.3k in a week.

Not everyone wants to convert their BCHSV to Bitcoin. If SV gets delisted from all the major exchanges, the majority of bagholders will definitely go back to the BCH camp (as we saw yesterday, once Binance released their statement, the SV price plummeted, while the BCH price went up by a lot), some others will diversify, and the rest might want to give BTC another chance, though chances to see the latter are very small.

No, BSV being de-listed on Binance does not affect the whole crypto-sphere nor bitcoin directly. Perhaps the community of BSV is disappointed on what happened and are looking for ways to recoup their losses but I don't think everyone will pour their money directly into bitcoin with just that said event. Needless to say, this isn't an enough catalyst for us to be taken back to $6000 by next week; we need a lot more than an altcoin being removed from an exchange. The unfolding of events is quite interesting though, and no major market movements were seen right after the news echoed on different sources. Movement remains sideways, though with a high potential of breakout considering that the sell orders are outweighed by buy orders by a significant amount.

Its not about getting the price back to $6000, its about getting back the trust of investors in bitcoin and in crypto. From now on, we may never really see anyone claiming to be satoshi and fork a coin for them to earn free money. I don't know if they feel stupid after supporting this coin back when they announce they are forking BCH. don't you think they should also do this with BCH?

Even if the price has reached $6000, then what? If there is no further demand, it will fall back down as fast as it went up. I rather see the price spend some more time at current levels till there is an actual catalyst causing a trend reversal.

BSV is too small to impact Bitcoin. Craig Wright would wish he had that much power, but he has not. I also doubt that he owns a significant number of Bitcoins. All Craig Wright can do is cause drama, but this has now backfired in his face.

He always said that crypto to crypto exchanges were an unregulated scam operated by criminals, well, he must be happy seeing his shitcoin delisted then. :D

Finally some good news about the Bitcoin community.
It doesn't make any good of seeing coins like Bitcoin SV that seperate the community in many parts.
I hope to see more exchanges delisting Bitcoin SV and let the price of the real Bitcoin go higher and real the level it deserves.

I think this BTCSV thing will bump BCH and not bitcoin, all those who were holding SV would have to move to another coin and the best option for them is Bitcoin Cash, so, let's expect a bump on Bitcoin cash and not in Bitcoin as you say. I don't think this will affect the bitcoin price because if someone sells his BCHSV for BCH that transaction doesn't touch the bitcoin markets.

The trust from investors looks to be the most important for now in that market. Bitcoin and Tether reserves the highest investors' connfidence. This can be seen in sustainable volume of daily trade. with the price there seem to be no significant increase. Except for IEOs and few altcoin, even the top 100 coin on CMC has not seen good return in past like it used to be when bitcoin rallies. 

Well, this news is so good to be true. I hope that will finally delist BCHSV as soon as possible. It might not affect the price, still this is a good news. Since bitcoin is the only coin created by Satoshi, BCH, BCHSV etc are just forks of bitcoin and BCHSV is worst, a fork from a fork.

people are always trying to link news to price but those watching the BTC charts already knew this move was happening. the BTC price already entered a mid term uptrend long before this news emerged. we've been talking about it for weeks. shorts are being squeezed and sellers are exhausted. the $5k-$6k zone has been a natural target ever since the december bottom since it's the last major long term resistance on the charts.

i don't think an exchange delisting BSV etc had a significant effect on bitcoin's price at all. BSV wasn't worth much to begin with, and most of its investors are shitcoiners who are gonna roll their money into other shitcoins anyway.

I do not understand the relationship between them. If the price increase was so easy, why did we wait so long?

I guess it will blow like a calm wind without any impact.

I've had some BCH from the original BTC fork and obviously had the free BSV and basically sold 50% of my BSV since it was confirmed today that Kraken will indeed drop the BSV pair.

I was hoping to get my fills at 0.02 and 0.03 BSVBTC to fill but looking at the massive sell pressure, I decided to cut my losses and sell while its still worth 1% of a BTC.

Looking at coins like BTG and BCD, those will probably never be worth 1% of a BTC again and it seems like a good trade.

Seems like the fork didn't pan out as expected for BCHSV. I doubt that just the delisting of BCHSV will increase the price.

It was a couple of huge bitcoin whales that sold out to fund their stupid forks that caused the crash to $3ks, or so it seems.

FACEPALM.

I guess BSV people are the same as BCH people, they just split off BCH. The "my altcoin is the real bitcoin" crowd. shameful.

I agree that we only got one bitcoin all other forking coin is only destroying the price and the usage, more coin being delisted will be better for bitcoin, it will makes the diversification become smaller and makes more people invest in bitcoin, delisting bchsv is a correct move, we don't need any unused copycat coin

I don't think they should be delisted for taking a bit of the community/price away, thats just normal marketplace competition. But the BCH/BSV community is super toxic. They were the worst people in the bitcoin community and so their own smaller communities are super toxic with the whole "bitcoin isn't bitcoin, we are bitcoin" nonsense. I'd love to see both BCH and BSV get delisted from a bunch of places until their official marketing stops being lying and trying to trick people about bitcoin and they start standing on the merits of their own altcoin instead. The figureheads of both those two coins are some of the worst and most toxic people in the crypto community.

Once BSV and BCH people can say "hey we're not bitcoin we split away from it and are offering our own vision of cryptocurrency in this other coin", then thats when they'll actually have a chance of people respecting them. But their entire reason for existence is and clearly always will be pretending to be bitcoin and surviving off the coattails of that brandname alone.

I don’t think that the Binanse Exchange did the right thing; such an act could negatively affect the cryptocurrency community.
The exchange must treat all coins and tokens impartially.
PS. This Binans decision will not affect the Bitcoin rate ...

history has proven that shitcoins always die.
then shitcoins that abuse the name of bitcoin and try to pretend they are the "real" bitcoin would definitely die harder.
shitcoins that have scammers involved in them will die even harder and faster.
that is the story of BSV which is satisfying all the above.

the drop was because of the BSV shenanigans but it was because "bitcoin" investors (mainly whales) manipulated the market using that news to their own advantage. so BSV's demise won't be changing anything.
with that said price is already on the rise so with or without BSV we will see $6k+ pretty soon.

I think the main premise here is that those who are dumping their BSV will move their funds to BTC.

But since the de-listing the price of BTC is moving to $5200 again, so there's a possibility that the dumpster are how shifting to BTC and pushing the price, but as to how get gonna push it to $6k? Not sure though. Let's see if $5600 is possibility within this week and then we can talk about $6k later.  ;D

Well they causes us a big headache when they started to fork and the hash war with BCH. So I guess karma is biting their ass right now.