Peck by twetch#4025

1JLBut…aTuZ Key · twetch

[Someone asked me whether the BSV-price will drop to $100! What is more likely, in my opinion, is for the BSV-price to 'rocket' to at least $1,200 within days after the 04-Feb-2020 protocol-restoring BSV-Genesis-Hard-Fork. Do you agree?]

What the chain says

Transaction: 64ec699d86da46b6a4acb307dbb8f5b792af72670bf74389ebcbd7682d27d454
Block: 618 943
Time: 2020-01-24T00:31:56Z
Signer: 1JLButMZPU7xu2PUBPxekTcpJKPzZuaTuZ
App: twetch
Type: post
Content type: text/plain
Name in tx: twetch#4025

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1JLButMZPU7xu2PUBPxekTcpJKPzZuaTuZ Verified

Replies (4)

twetch#15764 6.7y

1JLBut…aTuZ Key · twetch

Replying to@1JLBut…aTuZ

What about the Genesis upgrade should make the price go up?

twetch#4025 6.7y

1JLBut…aTuZ Key · twetch

Replying to@1JLBut…aTuZ

[I expect the price to initially go lower as 'Genesis' approaches, then to 'rocket' upwards after the upgrade. $2,000 to $3,000 upper-ceiling is possible in the short-term (days/weeks) after 'Genesis', before correcting to circa $1,200.]

twetch#15764 6.7y

1JLBut…aTuZ Key · twetch

Replying to@1JLBut…aTuZ

But specifically what in the Genesis upgrade would make the price go up? Why would there be more demand only after the upgrade? People know the upgrade is coming and what it entails, so they should already be in if they think it contains something valuable

twetch#4025 6.7y

1JLBut…aTuZ Key · twetch

Replying to@1JLBut…aTuZ

This is a great question, thank you for asking. The Genesis-upgrade is expected to provide and to act as 'physical' evidence of BSV's ability to scale. Initial demand will likely come from institutions and investors. Masses are expected to follow utility.

Post by twetch#4025

Replies (4)