Post
Topic
Board Speculation (Altcoins)
Re: Is someone really behind the Bitcoin SV pump?
by
MirkoIta
on 31/05/2019, 16:10:51 UTC
It is at 150$ right now, when is the dump coming? Any expert pamp 'n damper available here?  Roll Eyes
$182 now and I think svers are happy now with what they are looking to this coin.
BTW at 180$ for each BSV, it is 50% more profitable for miners to mine on BSV than BTC...
Is this the probable reason why the price pumped? I don't have BSV because I know that this is just another pump and dump coin, I'm expecting it to dump anytime now.

Not likely but the raise in price made it more profitable to mine it. If profitability rise, miners could decide to chase profits and move from BTC and BCH (and other SHA256 coins) to BSV, thus raising the hashrate, raising security of the chain. At that point the price could eventually raise. There are a lot of factors in price movements, profitability is more a consequence of price increase/decrease.