BSV
Returning to GenesisUpgrade is proposed for Feb 4th, 2020 and is planned to include a set of protocol restoration changes that represent an almost complete return to the original protocol of Bitcoin and as such we have decided to give it the code name “Genesis”. The proposed date is 11 years, 1 month and 1 day after the original Genesis block and this upgrade represents the return to Genesis and the restoration of the Satoshi Vision that is the project’s namesake and primary purpose.
The Genesis upgrade will also address scaling. We believe that by late in 2019 the Bitcoin SV node software will have implemented all of the safety mechanisms required to allow us to eliminate the block size cap altogether and let miners manage it without intervention from developers. So long as those changes are completed we intend to bring the planned date for allowing unlimited block size forward by almost a year and lift the cap completely in the Genesis upgrade.
Bitcoin SV = Real Bitcoin from Whitepaper 2008Projects that strive for anonymity are removed from exchanges. Do you know what path BTC follows? Do you know why the BTC community calls Bitcoin SV a scam?
Is BTC legal? Does it fulfill the assumptions of the creation of Bitcoin from the White Paper? Bitcoin was to be a global public financial system. There was no mention of anonymity. The system was to be private but not anonymous. Anonymous money flow favors criminal activities. What broke BTC?
Certainly SegWit. Do you know what this change introduced in 2017 is and what are its consequences? This change resulted is removing signature data from Bitcoin transactions. This marks BTC's first step to becoming a private coin. The introduction of further levels of legal regulations such as AMLD5 in the future may result in the recognition of BTC as illegal. Before the introduction of SegWit, the chain was split and BCH remained Bitcoin in accordance with the law containing signatures saved in the block. The second split occurred a year ago because BCH developers wanted to implement their another changes aimed at changing Bitcoin Cash into a private coin. The resulting Bitcoin SV is today the most lawful form of Bitcoin and the nearest white paper: ''Bitcoin: A Peer-to-Peer Electronic Cash System'' not a store of value.
The second BTC problem is Lightning Network. The block size maintained in the main protocol by developers is still 1 MB, which limits the number of transactions that Bitcoin can process to 7 per second. Instead of enlarging blocks so that all data is stored on the main chain, they propose a system that opens anonymous payment channels, making BTC a private coin. Lightning Network transactions are a problem for exchanges requiring KYC and AML. Exchanges will not be able to enter into Lightning Network transactions because they will not be able to confirm the origin of the funds deposited. This is a serious problem that is not discussed. LN will be illegal in Europe with the AMLD5 directive.
As you can see, BTC has introduced 2 code changes that make it a private coin. This allows money laundering and crime financing. So BTC chose the anti-government path. Do you think that the growing level of cryptocurrency market regulation will lead to BTC being declared illegal? The opposite of BTC is BSV, which proposes assumptions contained in the White Paper, giving a public payment system without anonymity. Don't you think that only compliance with the law makes sense? If Bitcoin is to be used globally, it cannot be conducive to criminal activities. The coming year will be crucial for the market. Follow the case of the Binance exchange, which was the first to cancel BSV and is the largest BTC empire in the world. Remember, the truth is hidden on the internet. This what you get is often crowd manipulation. Why no information was provided about the BSV conference with lawyers and representatives of the Swiss government: '' Blockchain Technology and the Future of Law '' of October 24 in Zurich. I don't paste links. Find it yourself.
I do not advise anyone to buy BSV. Decide for yourself which page you choose.
Note: This article does not constitute investment advice.
BSV / BTC trend lineYou can't seen this on BSV / USD, the relation of BSV to BTC is more important. It is a competition of two projects. Which is real Bitcoin?
Double top at BTC. There will be no new ATH.In 2019, we had another bubble at BTC. For the first time the bubble was lower than the previous one. So we created a double peak from the 2017 and 2019 tops. MA210 begins to fall, which means that we are in a downward trend. This is not an upward trend correction. According to Elliott waves, the correction of the second wave would now reach $ 1000, then the next wave would bounce to $ 3000 (the bottom of that year) and the 5th wave would be a long-term decline near zero.
And as for the information they can help in this scenario. BTC is not Bitcoin. More and more people are beginning to notice this. BTC after activating Segwit will never have anything to do with the original from White Paper. Segwit cannot be undone. Lithing Network will be incompatible with the new AMLD5 law in Europe because it does not identify the origin of the funds. BSV competes with BTC for the title of real Bitcoin. BSV wants to be a legal blockchain that complies with the law and government, while BTC is focused on anonymity and the fight against the system. Added to this is the Creig Wright case and the ability to dump 1,000,000 BTC to the market. The year 2020 promises to be interesting. Regards.
This is not an investment advice, only my private thoughts.
BSV/USD BearishBSV/USD still has more bearish momentum than bullish. RSI is slightly bullish, but the overall pattern is a long, descending triangle, and the weekly looks to be close to closing red coming into resistance. BTC/USD is also bearish with longs still above previous ATH, so a rational margin trader would be short on USD pairs.
A conservative trader would be largely in a stable position. The other thing to consider is that weekends *tend* to be lower volume, and so do holiday weeks, so stagnation or bearish movement is more likely than usual too, given all the variables.
I drew out bear case in red, and bull case in green just to keep note of possibilities.
In the longer term, a bearish move now sets up a nice bullish divergence and potential for a bullish move for late January or early February which lines up nicely with the launch of Genesis and the CoinGeek Conference in London to celebrate the first blockchain without a hard-coded block size limit.
BSV/USD BearishBSV is in a descending triangle pattern on the weekly chart.
The coin tends to respect basic, horizontal support and resistance, so I intend to swing trade this chart for accumulation over the next several months. A margin trader might be looking to short on any bounce up coming into the end of the descending triangle pattern.
The other thing to consider is BTC/USD Margin longs on Bitfinex are at All Time High, looking to long squeeze, which will likely push the all of the bitcoin-related markets to new lows for the new year.
Bitcoin SV (BSVUSD) long.All description on the chart.
Please, don't forget to like and follow.
Thank you.
BSVUSD Bullish PredictionThis technology is going to grow exponentially.
I will update my log chart as new datapoints come in.
But for now, BSV is looking MASSIVELY bullish.
Scam BSV Coin operation. Cheating movements. Pivot points. Made deceitful movements. We have broken down the previous trend. The price has fixed above the line of the previous downtrend. They showed a trend reversal. Then the impulse raised the price by + 45% and began to draw a symmetrical triangle, which supposedly should have been a pennant, with the goal of + 45%. But note the volume at the price increase was not! In general, the trading volume is zero, this scam is not interesting to anyone except the creators themselves. Pulses of flags and pennants are always accompanied by a large volume in comparison with conventional trading.
A symmetrical triangle has been pierced down, now they will redraw it into the flag canvas (downward small channel). If in the fake flag canvas the support will not withstand the pressure of sellers, and the price will break this formation down. Then trade in a downtrend in a potential downtrend channel. I showed all pivot points on the chart.
It is also worth noting, given that there is no volume and this scam is not interesting to anyone, developers can draw anything, including bullish movements to attract people, due to poor liquidity and the lack of a large crowd presence. Here are two interesting potential entry points:
1) entry from the bottom of the potential downward channel upon confirmation of support, price zone 0.010-0.011 in the short term. Take the movement in the channel about + 30%.
2) the entrance is above the downtrend line (red line, the upper border of the downtrend) when the price has fixed above it. The price zone is 0.015 in the near future if there is a price return, or lower in the long term, the main thing is that the price fixes above the downtrend.
All potential targets and pivot points are shown on the chart.
Bitcoin SV Ready Grow? Strong Signal Can Lead To 50%+Bitcoin SV (BSVBTC) looks ready to continue growing... We have a very strong signal that reaches confirmation in less than 1 hour... Let's take a look.
What you see on the yellow circle is a "fake breakdown".
See how EMA50 (magenta) and EMA100 (blue) were broken (prices moved below) but BSVBTC quickly bounced and moved back up.
We can notice that the trading volume is above-average for this move, supporting its validity as well as the fact that the price moved above EMA10. Daily candle close is needed for the confirmation of this signal .
You can find additional details on the chart with potential scenarios (green and red arrows).
Thanks a lot for reading.
Namaste.
BSV/BTC Trade ideaTLDR - NOT FINANCIAL ADVICE - trying to catch bullish momentum, invalidation on chart, always play with a stop
Is Dr. Craig S. Wright the true face of Satoshi Nakamoto?
If you give me money, ill tell u whatever u want me to - and a chance for that is what I see here with BSV
BSV intraday price supporting my trendline from daily chart...?Apparently, I was real lucky in posting the trendline on Oct 27th, when I drew in the trendline you see here, which is slightly downward-sloping where price wicked off from the upside after breaching it. Here's the original chart; be sure and click the arrow on the right side to fill-in current pricing:
I just thought I'd repost to show today's wick and how closely it got before bouncing off that daily chart upper-end trendline. If that line is as accurate as it thus far seems to be, it may be something to consider going forward...if it can handle staying above it or whatever the situation may be. It might invalidate it; who knows? It's worth having a look at though considering today's wick and the respect price had shown it after I first drew it. But take it as you wish -- if you don't like, I'll refund your purchase price. ;)
Am simply hoping it might help someone out there...peace out.
LONG - BCHABC - Trading OpportunityBCH trying to breach the bottom of the daily cloud, as it failed on the previous attempt but now back at it again with stronger volume, the play here is to wait for the daily candle to close for a buy in opportunity.
Entry: 0.02984
Target 1: 0.0327
Target 2: 0.0352
SL: 0.0283
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Potential short BSVMMHVW. Could see pullback. Seeing possible Wyckoff on 15min. Not financial advice.