Review on Bitcoin SV by Alex Martakov

Name: Bitcoin SV
Item: Bitcoin SV
Rating: 4

April 01, 2019

In General, it is too early to talk about any prospects for investing in…

In General, it is too early to talk about any prospects for investing in BitcoinCashSV. Many users have serious doubts about the future of this project. Now there is an opportunity for short-term earnings, due to constant changes in the price of BCHSV. But for long-term investment, this project is not yet very suitable.
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Pros

the project may be of interest to miners. Now, with the fall in the price of bitcoin, many miners are looking for alternative options for earning with the help of available equipment. In this ASIC device for mining BTC are suitable for the production of BCHSV. Of course, first it is better to calculate everything on the profitability calculator. But this option is recommended to be carefully considered as an alternative. If the authors of BitcoinCashSV will be able to realize their promises, the rate of their coins will increase dramatically. And it will bring considerable profit to the owners of this cryptocurrency. At the moment, BitcoinCashSV is on the 8th place in the top of cryptocurrencies. Its price and capitalization is very high. This is combined with the high liquidity of the coin. Therefore, they attract many traders, which only increases its value.

Cons

lack of innovation. BitcoinCashSV is still secondary to the original bitcoin. And yet he is not able to compete with his older brother. Mixed attitude to the authors of the project. Many members of the cryptocurrency community is very opposed to proponents of hard forks BitcoinCash. Craig Wright is considered a liar who loves to shock the audience and make loud statements. And Calvin Eyre is considered by some to be another businessman who decided to get additional profit. Serious competition. Have BCHSV has at least two strong competitor. This is the main bitcoin blockchain and the second network formed under the hard fork – BitcoinCashABC. They're way ahead of BCHSV on a number of indicators. High volatility BitcoinCashSV. For the last month of the course BCHSV is constantly changing. It is extremely unstable, even in comparison with bitcoin. And such unpredictability scares off many investors as well as miners. The centralization of the network. Large amounts of hashrate are controlled by only a few companies. They determine the price of the cryptocurrency and the direction of the project. And many users are not happy with this situation.