BCHSV Price Loses Another 37% as Struggle Intensifies

Negative BCHSV Price Loses Another 37% as Struggle Intensifies

It should come as no surprise to learn the BCHSV price has taken a massive beating over the past few hours. Considering how Bitcoin and all other currencies are down in the dirt over the past few hours, no asset seems to escape the black hole sucking all of the money out of the cryptocurrency industry. As such, there are plenty of market trends to take note of, although escaping the bearish pressure is pretty much impossible.

BCHSV Price Takes a Massive Beating

No one is surprised to learn is performing well below expectations. Ever since the title of Bitcoin Cash returned to the seemingly rightful owner, things have not gone according to plan for this altcoin. In fact, the value per BCHSV has continued to drop significantly over the past few days, primarily because the 0.03 BTC value could not be maintained for more than a few hours.

Ever since that time, it has been a slippery slope for BCHSV. After losing control over the 0.025 BTC, 0.02 BTC, and 0.015 BTC levels, things have taken another turn for the worse. More specifically, the BCHSV value has dropped below 0.01 BTC, and struggle to find any sort of support below that particular level. This does not bode well for the currency, as its buy support is also drying up fairly quickly.

To make matters worse, most exchanges still have to make their stance clear on Bitcoin Cash and BCHSV. In the case of BitAsiaEx, the company is intent on removing all BH trading and maintaining both BCHABC and BCHSV pairs. That is a decision which won't sit well with most Bitcoin Cash traders, but it is an action one can also understand up to a certain extent.

Trading Pairs Delisting and System Maintenance Notice#比特亚洲 #BitAsiaEx #BCH #算力战 #BCHSV #BCHABC

BitAsiaEx Website:: https://t.co/xo8tDYAAVD
Android APP: https://t.co/nthZRCSmL0 pic.twitter.com/sRrlES1XvB

- BitAsiaEx (@BitAsiaEx) November 20, 2018

Others see this as the beginning of the end for BCHSV and its price. For Gregory Burgess, it seems BCHSV is DOA after this most recent market dip. Although this chart only shows part of the picture, it is evident the value of BCHSV is getting hammered. Remaining above $50 will be a critical challenge first and foremost, especially with virtually no real buy support across different exchanges.

@ProfFaustus #BCHSV appears DOA.... pic.twitter.com/iWn1AObJCm

- Gregory Burgess (@gburg999) November 20, 2018

At the same time, there are others who are confident there can't be a Bitcoin Cash without adding BCHABC and BCHSV together. That approach would certainly explain why the Bitcoin Cash price has dropped so much in the past few days, as it mainly reflects the price of BCHABC on its own. Even so, BHCSV is clearly off to do its very own thing and not follow ABC in the slightest.

Bitcoin Cash is BitcoinSV

BCH is #BCHABC + #BCHSV#HashWar pic.twitter.com/eL6bITUKtx

- jeff 🌏✌️ (@that_bch_guy) November 20, 2018

All of the current market circumstances indicate there will be more negative BCHSV price pressure in the coming hours and days. How low the value will effectively go, is difficult to predict. Remaining above $50 will be the first order of business, although it seems unlikely the 0.01 BTC level will be reached again in the near future. Unless the buy support picks up significantly all of a sudden, there will be no BCHSV uptrend to speak of at this time.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers.

11/20/2018 / 10:20:40 Source: themerkle

News | Price Analysis | altcoin | BCHSV Price | Bitcoin Cash | | Trading|BTC|Altcoin
BTC
1 BTC=$3,456.25
XRP
1 XRP=$0.3065
ETH
1 ETH=$91.20
XUC
1 XUC=$2.13
EOS
1 EOS=$2.20
BCH
1 BCH=$86.39

News Feed 50

Cointelegraph Neutral - Ethereum Beats Bitcoin Cash’s Price for First Time Ever as Crypto Markets See Growth read more.
12/17/2018 / 13:12:00
Cointelegraph Neutral - Hong Kong's New Regulation ‘Might’ Be Harmful for Local Crypto Industry, Experts Say read more.
12/17/2018 / 13:01:00
Bitcoinist Neutral - Roger Ver Interview: ‘Of Course’ I Hold More BCH Than BTC read more.
12/17/2018 / 13:00:54
Coindesk Neutral - Cypherpunk Legend Timothy May Has Passed Away read more.
12/17/2018 / 13:00:03
Cryptoglobe Neutral - Hong Kong's Regulators to Introduce Stricter Guidelines for Cryptocurrency Investment Funds read more.
12/17/2018 / 13:00:00
Blokt Neutral - Congressman Proposes a ‘Wall Coin’ to Fund Donald Trump’s Border Wall read more.
12/17/2018 / 12:59:58
Themerkle Neutral - Crypto Price Watch: Litecoin (LTC), Revain (R) and Factom (FCT) Surge in the Top-50 as Other Altcoins Continue to Struggle read more.
12/17/2018 / 12:59:12
Bitcoin.Com Neutral - The Daily: Yellow Vest Coin Created, Security Token Trading Platform Launched read more.
12/17/2018 / 12:55:50
Blokt Neutral - Ethereum [ETH]: After Breaking Support, Are We Approaching a Bottom? read more.
12/17/2018 / 12:49:29
Themerkle Neutral - DOGE/USD Uptrend Shows Dogecoin Remains Bullish read more.
12/17/2018 / 12:48:05
Coinspeaker Neutral - Hong Kong Stock Exchange Ruins Bitmain’s Plans for an IPO read more.
12/17/2018 / 12:47:22
Newsbtc Negative - Crypto Analyst: Ethereum (ETH) Investment Thesis is “Questionable” read more.
12/17/2018 / 12:45:20
Cointelegraph Neutral - Egypt’s Central Bank Conducting ‘Feasibility Studies’ Around Digital Currency Issuance read more.
12/17/2018 / 12:35:00
Coinspeaker Neutral - DDEX to Fork the 0x Protocol Eliminating ZRX read more.
12/17/2018 / 12:31:12
Cryptoglobe Neutral - #EOS Price Analysis – December 17 read more.
12/17/2018 / 12:30:00
Cointelegraph Neutral - Iran: Science and Tech Department Official Says Blockchain Can Improve National Economy read more.
12/17/2018 / 12:23:00
Ccn Neutral - Hong Kong Bitcoin Millionaire Arrested after Throwing Cash off Apartment Building read more.
12/17/2018 / 12:12:24
Coindesk Neutral - When the Tide Goes Out: Big Questions for Crypto in 2019 read more.
12/17/2018 / 12:00:33
Cryptoglobe Neutral - Who Controls Bitcoin Core: Casa CTO Jameson Lopp Explains read more.
12/17/2018 / 11:58:55
Themerkle Neutral - Bitcoin Declared Dead – For the 334th Time read more.
12/17/2018 / 11:48:02
Coinspeaker Neutral - 7th Day of Christmas at Coinbase: Everything One Needs to Know about USDC read more.
12/17/2018 / 11:33:34
Coindesk Neutral - A Year Ago Today Bitcoin’s Price Was at a Record $20k read more.
12/17/2018 / 11:20:09
Ccn Neutral - Bear Market Forces Ethereum Startup “Status” to Trim 25% of Its Employees read more.
12/17/2018 / 11:09:16
Ccn Neutral - Japanese Regulators Publish New Cryptocurrency Regulation Draft y Regulation Draft read more.
12/17/2018 / 11:06:23
Livebitcoinnews Neutral - A Decentralized Exchange Leaves 0x; ZRX Co-Founder Responds read more.
12/17/2018 / 11:00:11
Bitcoin.Com Neutral - Hit by Sanctions, Iranian Students in the UK Use Bitcoin to Bypass Banks read more.
12/17/2018 / 10:55:51
Cryptoglobe Neutral - #XRP Price Analysis – December 17 read more.
12/17/2018 / 10:45:00
Livebitcoinnews Neutral - Blame Regulation or Speculator Sell-Off… But the Crypto Community is Responsible for the Most Recent Price Drop read more.
12/17/2018 / 10:30:25
Coinnounce Neutral - Hong Kong tightening Bitcoin laws amidst the cryptocurrency market crash read more.
12/17/2018 / 10:24:20
Coinspeaker Neutral - Facebook Levies an Army of Blockchain Devs: New Crypto Economy on the Way? read more.
12/17/2018 / 10:23:41
Themerkle Neutral - Crypto Arbitrage Today: XMR, ZEC, Dash, TRX, EOS, DOGE read more.
12/17/2018 / 10:18:51
Cryptonewsreview Neutral - The cryptocurrency that’s overtaken Bitcoin as the main target of crypto jackers read more.
12/17/2018 / 10:17:17
Coinspeaker Neutral - #Bitcoin Price Analysis: BTC/USD Trends of December 17–23, 2018 read more.
12/17/2018 / 10:16:50
Coinspeaker Neutral - First Time Ever Ethereum Price Surpasses Bitcoin Cash read more.
12/17/2018 / 10:15:36
Cryptoglobe Neutral - CGCX.io to offer World’s First Blockchain-Based Investment Bank in Partnership with Archipelago Group and IBH Capital read more.
12/17/2018 / 10:15:00
Coindesk Neutral - This Brazilian Bank Is Using Ethereum to Issue a Stablecoin read more.
12/17/2018 / 10:00:49
Livebitcoinnews Neutral - #Ripple Price Analysis: XRP Near Crucial Juncture, Can Buyers Make It? read more.
12/17/2018 / 10:00:41
Newsbtc Neutral - Ethereum Hits Address Milestone But Activity and dApp Usage Down read more.
12/17/2018 / 10:00:35
Bitcoinist Neutral - Bitcoin Price Now Hinges On 50-Month Moving Average read more.
12/17/2018 / 10:00:35
Coinspeaker Neutral - Bitcoin Community Celebrates the Appointment of the New Pro-Crypto White House Chief read more.
12/17/2018 / 09:56:45
Themerkle Positive - Litecoin Price Remains Bullish After Hitting $27.5 read more.
12/17/2018 / 09:53:33
Cryptoglobe Neutral - Crypto Roundup - Facebook working on Blockchain & Crypto to fund the Mexico Wall read more.
12/17/2018 / 09:41:30
Ccn Neutral - Kaspersky Lab Says Cryptojacking Cases Have Risen 400% in 2018 read more.
12/17/2018 / 09:16:16
Cryptonewsreview Neutral - Republican Congressman suggests ‘Wall Coins’ to pay for Trump border barrier read more.
12/17/2018 / 09:08:06
Cryptoglobe Neutral - #Tron (TRX) Price Analysis – December 17 read more.
12/17/2018 / 09:01:46
Coindesk Neutral - Switzerland to Regulate Blockchain Within Existing Financial Laws read more.
12/17/2018 / 09:01:11
Newsbtc Neutral - Binance Incubator Program to Foster Innovation For Blockchain and Crypto read more.
12/17/2018 / 09:00:47
Coinnounce Neutral - Bitcoin Price: How Investor Emotions Affect Crypto Prices read more.
12/17/2018 / 08:24:26
Ccn Neutral - Hong Kong Regulators Set to Tighten Cryptocurrency Laws read more.
12/17/2018 / 08:13:51
Newsbtc Neutral - Cryptocurrency Market Update: Tether Tops Stellar Taking Fourth Spot read more.
12/17/2018 / 08:00:23
Negative
4.3%
Neutral
94.5%
Positive
1.0%
Mixed
0.2%

Latest comments:

4 min
Hey Sam, how is it going? But I must explain to you how all this mistaken idea of denouncing of a pleasure and praising pain was born
3 min
Pretty good. Doing my homework.. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because
2 min
Any chance to go out? To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage
2 min
.. Maybe 40-50 mins. I don't know exactly. On the other hand, we denounce with righteous indignation and dislike men who are so beguiled
1 min
Anyway sounds great! These cases are perfectly simple and easy to distinguish.