Over the past couple of weeks Bitcoin SV \u2013 the Bitcoin Cash hard fork that is the brain-child of Craig Wright and Calvin Ayre \u2013 has been embroiled in controversy, mainly due to the legal action being brought about by BSV\u2019s champions against popular figures within the cryptocurrency industry.<\/p>\n
These figures were targeted after they perpetuated a movement against Craig Wright due to his claims that he is the true Satoshi Nakamoto, and that BSV is Bitcoin in its truest form. This led the crypto community to rally behind the targets of this legal action, and ultimately led popular cryptocurrency exchange, Binance, to announce that BSV will be delisted from its platform.<\/p>\n
At the time of writing, Bitcoin SV is trading down<\/a>\u00a0over 14% at its current price of $60.00. BSV has suffered significant losses from its seven-day highs of roughly $83.00 and is currently trading just slightly below its previous one-month lows of $63.00.<\/p>\n Today\u2019s drop, which occurred immediately after Binance announced that they would be delisting the crypto, was a significant blow to the cryptocurrency<\/a> and its investors, and it has since sparked theories regarding other exchanges also taking similar actions in the near future.<\/p>\n WhiteRabbitBTC, a popular cryptocurrency trader on Twitter, spoke about the delisting, saying that he expects BSV to drop towards zero due to poor leadership and the Binance delisting.<\/p>\n \u201c$BSV bag holders prepare for incoming tears.\u00a0Your leaders went full #billionairemode suing bitcoiners and being general douchebags.\u00a0 Now your coin is being delisted on the largest exchange which accounts for a majority of all trading volume.\u00a0 See you guys at zero,\u201d he said.<\/p><\/blockquote>\n https:\/\/twitter.com\/WhiteRabbitBTC\/status\/29791234<\/p>\n The CryptoMonk, another popular figure within the cryptocurrency industry, shared a similar sentiment, telling his followers that he doesn\u2019t believe this fork has \u201ca single chance of mass adoption,\u201d and also saying that it will likely plummet towards zero.<\/p>\n \u201c$BSV sock puppets in disbelief. I said this month ago, if you believe this fork has a single chance of mass adoption, you are beyond delusional. Good luck losing it all on CSW’s fork,\u201d he noted.<\/p><\/blockquote>\n $BSV<\/a> sock puppets in disbelief. — The Crypto Monk (@thecryptomonk) April 12, 2019<\/a><\/p><\/blockquote>\n\n
I said this month ago, if you believe this fork has a single chance of mass adoption, you are beyond delusional.
Good luck losing it all on CSW's fork. https:\/\/t.co\/gJZzG6rHFo<\/a><\/p>\n