Post by Pampus

BSV's Price & Trading: Checking-in
by John Pitts

BSV's price is still made-up.

No need for precision, just using your eyeballs on the chart pictured below, and brain-addition/math will tell you that 99% of BSV trading is total nonsense, and BSV's real volume in the last 24 hours (a weekday in an epoch which "crypto" has never been hotter) is less than $1 million.

Hints:
Ignore the Korean Won trading, as it's a mistake.

USDT is pretty much all wash-trading to push the price where certain exchange leaders want it.

When you see a big move up or down, that's likely a REAL buyer or seller coming into BSV and using a far-too-large order amount compared to the real volume. And by "far" I'm only talking like $50 to $100k, since that would be 5-10% of today's volume.

To trade effectively and fairly, an entity is best on ONE exchange; in fact, this happens naturally as it's the nature of liquidity and markets historically.

Ironically, the BEST exchanges to possibly buy/sell BSV would be the Korean exchanges; IF,
a) You deal in the Korean Won fiat
b) You have access to Korean exchanges
c) you only trade a thousand dollars or two of BSV in a single day.

There is one other on this list (below) that's interesting, and it's Bit Trade (Japan). However, Bit Trade has been acquired by Justin Sun's Huobi, so you wanna stat as far away from that one as you can.

Otherwise, you need to be an institution, and trade on FalconX which is likely where any REAL volume is, and even there you're likely dealing with their "market maker" who will snip a goodly sum from your order in percentage terms for themselves.

Retail purchasers are left with Rock Wallet, and having to use Kraken or Coinbase in the United States to obtain the shaky Tether or USDC to trade BSV there, and their all-in fees are quite high as a percentage of trade value (double-digits by my estimate). Rock should lower those, but that would require an entire change of strategy at a high level, so not holding breath there.

The good news is, all one can really do if a retail customer in the US looking to get BSV, is either:

Mine it: https://gorillapool.com/ @292
Earn it: https://www.slictionary.com/wordbounty

Can you define Phoenix? $4.00 in BSV to the winner.

You can also make money betting on sports if you already have some BSV and are good at picking winners, here:
https://www.lilb.it/register?ref=815