I'm going to present two interesting Bitcoin charts to you. One in BTC's favor, the other in BSV's. Unfortunately for BCH & XEC neither chart is very favorable.
The first chart above is the hashrate for all four Bitcoin's. People debate if price follows hashrate or if hashrate follows price, I'm not writing to debate that issue but it's clear that the higher the hashrate the more secure the network which then leads to higher prices for the coin. Why is that? Simply put the hashrate is a way of measuring the difficulty of mining new Bitcoin therefore the more difficult it is to mine the more computing power is needed to attack its blockchain. With a high hashrate investors are willing to pay up for that security which in turn leads to higher prices of the coin associated with that blockchain.
You can clearly see that BTC has a much higher hashrate than BSV, BCH & XEC. It's exponentially higher, therefore BTC's price is exponentially higher than the other three. BTC's price is very deserving of a premium compared to the others.
Moving on to the next chart, one which is very interesting.
The above charts, one all-time and the other YTD, are showing daily Bitcoin fee to Block reward ratio. Every block that's mined produces Bitcoin and fees to the miners. These miners earn both, the Bitcoin produced is locked in for four years while the fees vary depending on transaction volume. Simply, every 10 minutes a block is mined which produces 6.25 Bitcoin, this amount is locked in for four years until the next halving which will reduce that number to 3.125 Bitcoin. As for the fees generated it's all predicated on the number of transactions in the block, the more transactions the higher the total fees earned by the miners.
As you can see earlier this year the fees generated by BSV have consistently been higher than all the other Bitcoin's including BTC. So far the majority miners have chosen to stick with BTC hence the higher hashrate but they are certainly being tempted by the fees from BSV.
I don't know what the future holds but if that temptation continues we may see miners start turning machines on to mine more BSV alongside BTC. I'd suspect they would do that first and when enough start doing just that we should see BSV's hashrate pick up. If that happens things could get very interesting between BTC and BSV. As the saying goes, only time will tell.
Well BTC has been off the grid a couple of times. I think its better to just focus on BCH. Hehe.