So I am noticing a pattern.
1. Big BTC Market selloff.
2. Big BCHSV rally with BCHABC even or selling off.
3. Small or Medium Rally in one or more of the Privacy Alts (XMR, ZEC, DSH, XVG)
4. BCHSV selloff
These three events have repeated at least 2 times, and I think we are currently on time 3... And this time ZEC seems to be getting the most attention with XMR and XVG takng a little sunshine as well.
Thoughts:
It seems pretty obvious to me what is happening. We are seeing a few whales selling of BTC to fund their "war" which has catalyzed the extension to the bear market in general. Then we are seeing mass BTC and BCHABC being converted to BCHSV on captive exchanges which explodes the price since we do not have the ability to deposit SV on exchanges fully working yet.
The SV angle is very tenuous. Once deposits and withdrawals and wallets are all working well we should see some pretty serious action, and I am thinking a fairly large selloff. The whales buying it can only keep this up for so long, and once the floodgates open it's going to be a bloodbath.
Sadly, this is setting mainstream crypto acceptance back. There is no question. The volatility will make the current SEC chief very reluctant to allow mainstream products like ETFs. It frightens Joe Public. And it makes crypto look like the playpen of crooks and manipulators... which... frankly... it is.
As to the privacy coin bumps... this is most interesting. It does seem to be happening in this same cycle... after BTC and SV cool down from their respective dump/pump we see action. Why? Who? Dunno. Discuss amongst yourselves! Looks like ZEC is getting the love this time around, but XMR and XVG are also seeing volume and action.
so the "bitcoin cards" are widely redistributed presently.
it was previsible for me, due to recent evolutions in 2017-2018.
when done, begins a new cycle, where privacy coins will get their role.