@Big-Bubbler
BSV may pump higher than BCH and try to pretend it is the better Bitcoin.
Like BTC, BSV is development-centralized and can't scale, so I am not worried. I think BSV's owners may pump BSV to a higher price than BCH. Recently I may have been seeing more than the usual 'BSV is legitimate' social media chatter such as this article that says BSV will be flippening BTC soon: https://bitcoinandtheblockchain.blogspot.com/2020/01/the-coming-bsv-skip-and-flip.html This is most likely manufactured social engineering from the BSV's owners. I think they can easily afford to make BSV grow higher in value than BCH. If I remember correctly, the rich owners of BSV have pumped it higher than BCH before. The first time was probably just for ego/psycho. reasons. I think they may be working on doing it again now. If so, I would guess this time they are making some kind of "big move". Maybe so they can dump at the top or maybe something more devious? I am not concerned over this unsustainable run up by BSV. I think it will actually help BCH, but, I am concerned about what they may have up their sleeve. Such uncertainty is sometimes their goal, but, I would just be vigilant if they do keep this up. This is adapted from a couple of my posts on r/BTC: https://www.reddit.com/r/btc/comments/eojn0u/bsv_may_pump_higher_than_bch_and_try_to_pretend/
7 comments
No need to worry. What if they pump to 1000 dollars? What is they pump to 10 000? Its only interesting if you want to speculate on it. Otherwise its totally irrelevant for you and for us. They already split long time ago. They will also have halvening in april, thats probably one contributing factor for the price rise.
Ya, unless it is an attack on BCH, I do not think it matters much to BCH.
It's BSV preparing for the halving. Prediction: they'll try to attack BCH when the hashrate is lower and will use that to help position BSV as the only "big blocks" fork which could survive. That's the only reason BSV exists, an attack chain, and as a public attack chain it needs hashpower from the market's money. No honest miner will waste his money on making another fork fail. When they appear to be making it succeed as by pumping it or attracting users they really mean to make scaling the (permissionless) blockchain fail.
I don't think it'll last. Probably will just [repeat the last time](https://i.imgur.com/KmbwM08.png).
they 24h volume grew sginificantly
So-called centralized vs decentralized development have their respective pros and cons. Perhaps a more important distinction than the above would be how to structure and, very importantly, how to achieve CONSENSUS on, development goals.
Without sufficient decentralization of both development and mining a currency becomes censorable and can be broken or changed at the whim of the controlling entity(ies). Neither situation makes for a reliably trustworthy currency with a large marketcap. If there is an apparent need for consensus, it is because the "owner" allows it to appear that way.