Bitcoin Forum

Bitcoin SV has climbed its way into the spotlight in recent weeks as the coin managed to climb into the top five in terms of market capitalization, as well as more than double its value in a single day. However, these impressive movements from the Bitcoin Cash hardfork have been met with suspicion — especially in relation to its trading volume.

Apart from its rapid price increase (and subsequent dump) that saw it trade at $161 a week ago, top $434, and then collapse back down to $243 in less than seven days, Bitcoin SV’s volume has been interesting to note.

To read the full article, click here (https://beincrypto.com/bitcoin-sv-has-more-trading-volume-than-xrp-but-is-it-real/?utm_campaign=amba&utm_medium=social&utm_source=bitcoinstalk&utm_content=jc)

To all XRP fans and holders out there, do you actually think that this is true?

In CoinMarketCap, XRP is consistently top 3 in rankings (briefly overtook Ethereum a few times). However, I am completely surprised about BSV having more trading volume than XRP? Maybe they were in a momentum for a while, but price got "corrected" big time. I don't know, maybe due to wash trading? Correct me if I'm wrong though.

What are you reactions to this one guys (especially those who are into XRP and BSV). Cheers!

It is not only BSV that has more volume than XRP,  if you look at the CMC today, XRP is at number 9, meaning there are 7 more beside Bitcoin that has more trading volume than XRP and yet XRP still remain number 3 on ranking for the main reason that XRP have lots of token in circulation and that CMC ranking is broken  ;D.

Anyway, I don't care who have the bigger trading volume as long as XRP delivers its roadmap and gives profit in the long run.  

BTW, aren't you surprise that Tether has higher trading volume than Bitcoin?

This is crypto space, an haven where anything is possible so I already stop my hate for BSV, just because its more like a shitcoin and the CEO himself is making things more complicated doesn't mean we can't make gains out of BSV, do not be surprised if this coin do better in near future than few altcoins you never expected

Both of them has their volume coming mainly from exchanges that fake their volume. You can't trust coinmarketcap on this. You would have to count only exchanges that have small spread with enough liquidity and real trades to see the real volume comparison.

Will agree to this since CMC accept a fake data's on there site that's why it's hard to trust them in this situation and if people seeks a accurate answer better if they go directly to the exchange where it listed since they can see the whole historical data for the said coin.

I think that the trading volume can be higher only due to the fact that there was a pump of its price and people very actively trading this coin. XRP has not shown strong growth yet, so trading volume is lower. this is normal and very logical. but as soon as the price will stop to raise than interest to the coin will fall and trading volume will become lower than it always was. in general, I believe that both of these coins are just speculators and they can only be traded but not an investment

You are making the comparison with the wrong coin. XRP may be the no.3 crypto in terms of market cap, but a large part of that supply is not in free-float. It is one of the most centralized coins and a large majority of all the coins are being held by a handful of the promoters. So obviously the trade volumes will be lower for XRP and this has been the case ever since Ripple first came in to existence.

so the point is about trading volume is higher than XRP ? of course its nothing wrong with it, even TRX have 5x higher than BNB but still behind BNB.
if u just suprised about it, u looks like newcomers.

Don't worry too much about the volume of these altcoins, 100% of the statistics are inaccurate because there are a lot of fake volumes exchanges and it makes the positions on coinmarketcap possible to be changed. And for me, BSV is a manipulated shitcoin and its volume is fake many times. Be careful and don't invest in this project if you don't want to cry

We know the difference between Bitcoin SV and XRP coin and how both coins have own story about their price.

Bitcoin SV recently it has been reached $430 within a few days due to lot of talks going on Bitcoin SV and its founder Craig Weight that situation help to Bitcoin SV to get very good pump in crypto market after some news out regarding how Bitcoin SV pump due to some trading volumes come from unknown source and weight Craig gives statement he didn't have any private keys with him, and its impact the Bitcoin SV price it came down from $430 to $280.

XRP also have same history like it has been reached around a $4 but after fall under $0.2 still struggling to get back but its not able to get good pump till now because it is centralized currency so it can be manipulation easily.

Maybe BSV has gained full trust from investors so that this coin is pumped so big with a doubling increase in 24 hours and in the market capitalists also increased dramatically but did not overtake XRP because it is still far away and its ratio is half.
BSV is now a coin that investors are chasing because with such a fast pumping and they still believe in BSV over XRP, which has a lot of capitalists.

I don't know if we should ever stop using CMC but its the only that is available to us and people refer to it most of the time. But it really display a believable ranking of the coins in crypto.

For BSV, its quite surprising that it grows more than 100% in a day. It doesn't happen everyday in crypto but if it continues to do like that, it would surprise me I'd expect something must have happen like CW proved himself being satoshi will overtook XRP and ETH  ;D

I highly doubt if those trades were from the people who do trade with BSV, it's just the CW teams and co who were making those trades trying to pump the price because it's being hyped. Not everything you see in CMC is totally legit most of them aren't up to date information.

BSV is fake at it's core, Trading volume is just as fake as BSV itself. Recent BSV pump and dump by CW team has created a lot of (fake) volume. I hope no one bought this shit..

CaptainAltcoin noted that almost all of the BSV trading volume is fake, because it's happening in completely unknown exchanges or exchanges which are known to let trading bots inflate their volume. Add the fact that BSV was delisted from major exchanges recently, and you got yourself a complete scamcoin. Here is the link for reference: https://captainaltcoin.com/this-is-why-bitcoin-sv-bsv-price-explosion-is-manipulation-and-fake/#994_of_Bitcoin_SV_trading_volume_is_likely_to_be_fake

It's very common for scamcoin developers to pay manipulators a large fee to make fake wash trading such as this, in order to get on CoinMarketCap. At least somewhere in the top 500, which means nothing given that the market value of coins there start high and decrease sort of exponentially as you go down the list.

This coin will almost certainly dump on February once the Faketoshi court case has ended.