Today is day 1 of the BSV Coingeek Conference in Toronto Canada.
Calvin Ayre, billionaire BSV investor, was on Bloomberg this morning outlining how he believes BSV will consume the entire Crypto Market.
All other cryptocurrencies 'will be absorbed into Bitcoin SV': CoinGeek founder pic.twitter.com/vkGdkJznuH
— BNN Bloomberg (@BNNBloomberg) May 29, 2019
BSV is in rally mode as info from the conference about new features and rumors of long standing questions being answered are made public. After basing at $60 for weeks BSV has rallied to over $190 intraday. $130 has long been resistance. I believe there may be a retrace test there but anything can happen. It’s Bitcoin.
Tomorrow Craig Wright takes the stage at Coingeek. There is a livestream available here for Thursday May 30th at 9AM EST: https://vimeo.com/338857646
Also notable, Craig Wright filed, and was granted, a copyright on the Bitcoin whitepaper. He can now enforce his copyright to include him as the man behind the pseudonym Satoshi Nakamoto anywhere the Bitcoin whitepaper is used. More on this is rumored to be released tomorrow.
If you’re still putting together the pieces of a Bitcoin investment strategy, or you are open to hearing why I’ve been in BSV from the beginning, I recommend watching this series of videos on Vimeo https://vimeo.com/149035662 and this video on Youtube.
Today, a new service called Paymail was released on BSV. The details are still coming in but this looks like a possible fiat onramp inside a bitcoin wallet coupled with an easy to use Venmo like wallet PLUS a form of identity system usable across multiple BSV services. More details to come.
Despite this information, many still deny Craig Wright is the founder of Bitcoin. More directly, there appears to be an industry setup to discredit Craig personally and professionally. Dr Wright has called their bluff and is now pursuing legal action by taking many of the worse offenders to court. Here’s a twitter thread from one of the “Social Media Justice Warriors” who championed the Craig is Not Satoshi twitter campaign.
1/ People have been asking for an update on the legal case with CSW, so here it is. I am being sued for libel and have until Friday at 12.00 to make a decision. The claim is for £100k and includes a number of other requirements.
— Dr. Peter McCormack (@PeterMcCormack) May 29, 2019
There is cognitive bias and there is just plain stupid. Requesting that a billionaire you’ve been defaming publicly sue you is stupid. McCormack will now be a footnote in the Satoshi legacy.
Note that BTC is trading above $8,000 while BSV is below $200. As the market learns the truth these numbers will flip.
Dr. Craig Wright is Satoshi Nakamoto and BSV is Bitcoin. This is going to be an interesting year.
This post first appeared on Coinspeak.io
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whats your opinion of squire mining ?
many thanks
I would rather own BSV than own shares of a company in the BSV industry. If that company succeeds BSV benefits. If it fails, it will be replaced by another company and your investment in BSV is minimally impacted.
I made money on MGTI and then got greedy and ended up with a loss. In hindsight, anything McAfee touches is a disaster. What I learned is owning the asset > owning shares in a company in the asset’s industry. YMMV.
Can you explain the math in your tweet regarding buying BSV at $50, selling at $240, and buying back at $190? Thanks.
PS: Also, thanks for giving me BSV. I hope to owe you big time.
I am not an accountant. I may have some of this wrong.
If your basis is $50 and you sell at $240 that’s $190 profit.
40% cap gains on $190 profit is $76.
If you rebuy the coins that you sold at 240 for 190 you’d have a net profit of $50 per coin and tax liability of $76. My point being you’d lose money swing trading due to cost basis and ridiculous cap gains rates.
You’re mixing profit and cash flow. You’re twitter comment ignores the fact that you’d still own the BSV after rebuying it at $190.
Kind of like saying, if you buy Coin X for $50, you’ve lost $50. From a cash flow standpoint, you’d be down $50 but not from a profit point of view.
Regardless, BSV looks quite solid. Let me thank you again.
Your* (not You’re) [Your Twitter comment…]