cryptovest.com
Bitcoin SV (BSV) is slowly growing in influence to the point that it has attracted scammers and copycats. A fake website, SVPool.co, is still live and allowing registrations. The site plays on a common typo, potentially made when trying to reach SVPool.com, the official site.
SVPool and Coingeek are among the chief miners for the Bitcoin SV blockchain. The asset gained influence after a rapid price increase above $100, and a continued message that the BSV ticker is here to stay as a major coin with the potential for price growth.
The fake site is now showing an announcement for the launch of a new asset exchange based around BSV.
Splitting tools and other related services are also to be viewed with skepticism. Unofficial tools have been known to steal private keys, or offer tainted addresses.
https://twitter.com/BitcoinSVNode/status/1069659187939041280
Bitcoin SV is a project with heightened publicity right now, but also many unknowns. The coin still sees relatively thin trading volumes, and some lack of clarity surrounding exchange wallets, withdrawals and the potential for double spending.
The asset is seen as relatively risky and dependent on a small selection of miners and nodes. The potential set of problems due to a small network means that exchanges may be skeptical of Bitcoin SV. However, the network is fully supported by the Coingeek pool and media arm.
The BSV market price has seen some weakness in the past day, sinking more than 9% to $89.43. There is an anomaly on the GDAC exchange, where BSV trades against the Korean Won, sees the price at the equivalent of $95.61. Trading volumes are under $60 million in 24 hours.
While the BSV market price has rallied in the past days, this has also caused expectations for a reversal. There was talk of market manipulation to put the BSV ticker in the spotlight, supposedly actively supported by Dr. Craig Wright. Calvin Ayre, another Bitcoin SV proponent, has also spoken of the possibility to delist the official BCH ABC version from all exchanges. But the new asset will have to survive and prove the bold claims.
Neither the author nor the publication assumes any responsibility or liability for any investments, profits, or losses made as a result of this information. Cryptocurrency trading and investing are risky propositions, and market participants are advised to always conduct thorough research.