fan principle setup - 3.5x - 4x breakout
Updated
historically has when it has broken out has produced a 3.5 - 4x
however this time has had a long period of accumulation
and there are 2 court cases coming up where i believe will be positive on the price action for BSV
so maybe we are looking at a larger rally this time
however this time has had a long period of accumulation
and there are 2 court cases coming up where i believe will be positive on the price action for BSV
so maybe we are looking at a larger rally this time
Note
i will explain the economic security model in greater detail..so bitcoin is secured by profit seeking miners.
if the miners are not profitable, they turn off their network, and bitcoin ceases to exist.
Original bitcoin protocol - BSV, and centrally planned bitcoin - BTC, have significantly different economic models.
BSV - no blocksize limit, fees <$0.0001
unbounded blocks = unbounded miner income
BTC - 1mb block limit (talk of taking it down to 300kb)
fees are designed to go higher over time, average fees have been as high as $50 USD
BSV - a extreme high utility network that opens up new business models and cuts costs
BTC - a centrally planned restricted network where the fees will have to go to the thousands of dollars to be profitable for miners.
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right now there is a thing called a block 'reward' (subsidy)
it gets cut in half every 4 years
so right now BTC has to keep doubling in price every 4 years, otherwise the network becomes unprofitable for miners.
BSV on the otherhand have been expanding bitcoins technical capacity, knowing that for the network to be profitable as the subsidy decreases, they need real world enterprise using the network.
presently have achieved a 638mb block and around 4,000 transactions per second on the main-net
BTC has 1mb blocks and 4-7 transactions per second.
BSV test-net has produced multiple gigabyte blocks and 9,000 - 27,000 transactions per second, proving to be a high utility network.
So BSV's future is on the hope that enterprise will find the network to be useful and will deploy thousands of transactions a second for the miners to consume.
BTC's security and future is on the hope that the price doubles every 4 years.
BSV - secured by utility
BTC - secured by hope of number go up (not yet to see a proper bear market)
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now another thing about Bitcoin is that it is actually more than just money,
micropayments, <$0.0001 fees that decrease as the network grows, instant transactions, all revolutionary technology (BTC is none of that anymore)
however it is a network that can store data 4.2GB on a single satoshi (smallest unit of account on bitcoin 0.00000001)
so it disrupts cloud computing, amazon webservices etc...
and it can also run programs, scripts, it is literally a new type of internet
so there are applications like twetch.app/ (social media app like twitter) Relica relica.world/ (instagram like app on bitcoin) file storage applications like bitcoinfiles bitcoinfiles.org/ .. games ... playhaste.com/
so there are a lot of use cases, limited by your imagination...
so all that operability and function that was born with Bitcoin.... BTC DEVELOPERS DISABLED THEM! LOL
BTC is a ponzi, a sinking ship, held up by a fraudulent money printer called tether...
and is about to have its ass handed to it by its creator Dr Craig S Wright
Note
another difference between BTC and BSVif you want your transaction to go through quickly on BTC, there is a fee market, you have to pay a higher fee..
if the network is busy, like people wanting to sell desperately lol... then if you dont pay $50, your tx wont be mined for days maybe
on BSV there is no fee market, if you sent a tx, it is good as mined instantly
Note
another difference between BTC and BSVif you want your transaction to go through quickly on BTC, there is a fee market, you have to pay a higher fee..
if the network is busy, like people wanting to sell desperately lol... then if you dont pay $50, your tx wont be mined for days maybe
on BSV there is no fee market, if you sent a tx, it is good as mined instantly
Note
handcash.io/get handcash, ill send you $5, and then you can use some of the applications on there...
TDXP is a CFD trading platform running on bitcoin...
liquidity is provided by BSV holders and you can instantly withdraw and deposit money to trade etc
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