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BCH vs BSV: One Month After The Hash Wars Ended

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BCH vs BSV
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While most cryptocurrencies experienced massive losses throughout 2018, no one will soon forget the mid-November hard fork of BCH, which has given birth to BSV and has also pushed the entire crypto market into a completely new nosedive and created a BCH vs BSV rivalry. Now, over a month after the event, the market is still suffering consequences. However, many are interested in what did the hard fork manage to achieve, as well as what might await these coins in the future.

BCH vs BSV: A quick recap

As many already know, Bitcoin Cash (BCH), which itself came to be as a fork of Bitcoin, was scheduled to have a hard fork on November 15th. This was one of two hard forks that BCH is expected to have annually so that it can implement necessary upgrades and improve the blockchain. However, due to the difference in opinion within the BCH community, two sides eventually formed.

One was led by Bitcoin ABC, which wanted to bring its version of upgrades to BCH. The other was led by nChain’s Craig Wright, who believed that implementing said upgrades would change BCH and that it would no longer be what Bitcoin’s creator, Satoshi Nakamoto, envisioned when he created BTC a decade ago.

After months of debating, the two sides were unable to come to a consensus, and the hard fork resulted in the creation of two coins. Another problem was that both of them wanted to be considered the real BCH, which is why they entered a hash war. After more than a week of excessive block mining, Bitcoin ABC got its version of BCH to be considered the real BCH. As for Wright’s coin, it came to be known as Bitcoin SV (BSV).

BCH and BSV in a post-war market

As mentioned, the hash wars of these two coins started a downward spiral that has affected Bitcoin’s entire ecosystem, and the entire crypto market followed. Within only days, Bitcoin lost nearly half of its value, and the same is true for the crypto market as a whole. After the hash wars died down, the BSV representative, Calvin Ayre, stated that the community is ready to move on from the conflict. Their coin was doing well even without the BCH as their name, and they have decided that they do not want it anymore.

The entire situation has proven that the community believes that BSV should exist, and this fact alone is enough for the coin’s developers. Despite the fact that they have lost the name Bitcoin Cash, they consider BSV’s very existence to be their victory. At first, it appeared like BSV might disappear, and join Litecoin Cash, Bitcoin Diamond, and Bitcoin Gold. However, the coin soon started gaining value, especially in early December, when it started seeing massive gains in the middle of a crashing market.

BSV started advancing rapidly, in terms of price and market cap, and it quickly moved past several of the top 10 coins. The progression soon stopped, and dropped to 9th position, with a current price of $105.77. As for Bitcoin Cash, it also appeared like it might lose its position permanently, but it soon returned to the 4th spot, where it currently resides.

Right now, it appears like the market is trying to find a way to reach stability. After almost a week of growth, a lot of coins are currently seeing a slight correction. Investors have already given up on their dreams of a bull run, but many still hope that the market will successfully find balance in the last days of 2018.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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