[2018-11-27]The Entire Crypto Market Sinks But Bitcoin Cash SV Seems to be Gaini

[Vladdirescu87]

The Entire Crypto Market Sinks But Bitcoin Cash SV Seems to be Gaining Power

Starting on 14 November, the price of Bitcoin, and in fact all altcoins, has been decreasing. The downward trend is as unexpected as the rise in the value of the recently forked coin, Bitcoin Cash SV. It is trading at $121 per coin now.

To support the brand new virtual coin, CoinGeek has recently partnered with nChain, the blockchain-based research company, on a fintech project called Teranode. They pursue a goal of bringing 1 Terabyte blocks to the SV chain. As a result, the network will have a throughput of seven million transactions per second. If the project succeeds, it will become a game-changer, altering the situation on the crypto market completely.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/entire-crypto-market-sinks/

[Harlot]

The way I see it is traders are taking advantage of the fork coin and they are trying to profit as much as they can that is why the price is pumping as well. It seems to me that the certain decline in prices seems to be because of people selling all their cryptocurrencies in order to participate in the price action of Bitcoin SV. Well it is usual to see that in the market where one coin is outperforming the rest and most of the times BTC has done it but as of right now BSV is the one traders are trying to make a profit on.

[TraderTimm]

Coin Idol is garbage.

http://cash.coin.dance

RogerCoin and CraigCoin are both losing hashrate, relative hashrate between RogerCoin and Bitcoin has fallen to 3% or so -- a new low -- http://fork.lol

The combined value of both RogerCoin (BAB on cryptowat.ch) and CraigCoin (BSV) are far less than what BCash was before the fork -- and that was before the big decline in all cryptos.

They have lost ground, and diluted their hashpower over a silly ego war. Good riddance.