- BSV “flash dump” may occur soon.
- Is it time to short BSV?
- Crypto volatility is back, baby!
While is scheduled to be the year bitcoin blows-up, it seems a few traders did not get the memo — opting instead to pump derivative rival, Bitcoin SV. The bitcoin cash spin-off has posted a 360% year to date increase, but has its luck run dry? Is BSV about to come collapsing down? And is it time to go short?
That’s the opinion of most BSV critics today, of which there seems to be no lack of. The resounding consensus appears to be something along the lines of, ‘short it into the ground.’
One pseudonymous analyst, known as CryptoGainz, has advised exactly this, arguing that BSV bagholders are incapable of selling due to network congestion.
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