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Coinbase Now Allows Users to Claim BSV After Three Months of its Hard Fork

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Coinbase Now Allows Users to Claim BSV After Three Months of its Hard Fork

Users of the largest cryptocurrency exchange in the US, Coinbase can now withdraw their Bitcoin SV [BSV] after about 3 months of the hark forking of Bitcoin Cash (BCH) to Bitcoin Cash ABC (BCHABC) and Bitcoin Satoshi Vision (BSV) on Nov 15, 2018.

This announcement was made by the exchange in a statement that reads:

“The competing chain, known as Bitcoin SV, resulted in a forked coin now commonly referred to as BSV. When the hard fork occurred, the BSV blockchain used the amount of BCH associated with an address at the time of the fork to determine the amount of BSV that would be allocated to the parallel address on the BSV blockchain. As such, the amount of BSV now available in your Coinbase.com account is the same as the amount of BCH that was in your Coinbase (Coinbase.com and Coinbase Pro) account at the time of the hard fork.”

However, the exchange has been in loggerhead with some of its traders and users who alleged that the delay could be deliberate considering the duration it had taken for them to receive the coin when most exchanges that partook in the hark forking had already released equivalent BSV to the holders of BCH at the time of the fork.

Traders and users of Coinbase only received equivalent number of BSV for the BCH they are holding not minding that the coin had reduced in price by more than 150% considering its present value of $62.90 at the time of writing when it traded at $176.28 on the day of the hard fork according to data available on CoinMarketCap.

Coinbase added that they will not be allowing the coin for trading on the platform due to the unstable nature of its major proponent Craig Wright who is known to always make lawsuits against exchanges.

This will actually tell on the price of BSV since hundreds of towards of Coinbase users out of more than 13 million of the exchange could not be able to trade on the coin. BSV is presently on the 11th position in market capitalization of cryptocurrencies.

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KAMIKAZE On Cryptocurrency (Bitcoin) By 21ST Century Youth

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KAMIKAZE On Cryptocurrency (Bitcoin) By 21ST Century Youth

Cryptocurrency has been the main source of financial support aside physical cash in the 21st century. The well-known Cryptocurrency (bitcoin) which was created in 2009 by Satoshi Nakamoto. Since then it has been the only crypto which has the largest blockchain network followed by Ethereum.

It is believed that South Korean youths are more influenced compared to other countries in relation to cryptocurrency because of the advancement in technology. In view of this, there is a panic that it could lead to a serious social pathological phenomenon.

Most 21st-century youths have the passion of becoming rich through the internet by investing in cryptocurrency rather than bond and stock. This means investing in cryptocurrency (bitcoin) means investing in real money and the youth are always hoping that bitcoin value goes up in relative to their native currency.

The reason being that the youths are more comfortable with technology and are willing to take risk of any form. It has been noticed that there is more room for online investment compared to physical gold investment and the transaction can be done anywhere across the globe so far as there is an internet connection.

This indicates that owning cryptocurrency is the safest and reliable way to buy and sell goods and services. Due to this, young people are exploring and harnessing varied opportunities online. Some individuals are having the intention that bitcoin can be hacked, well that’s a fallacy because bitcoin itself is difficult to hack this is due to the blockchain technology because all transactions are secured by protocol/algorithm.

It is necessary for the young individuals to know how to manage their cryptocurrency using the internet and learning to make decisions are important lessons in life, this shows that investing in cryptocurrency is like investing in real currency and transactions are easy and fast. This means investing in cryptocurrency (bitcoin) means investing in real money and the youth are always hoping that bitcoin value goes up in relative to their native currency.

The youth believe that getting involve in cryptocurrency (Bitcoin) is a choice and it involves decision and risk taking. That is individual that make a decision under risk (There is some knowledge about the probability of the state of naturally occurring in relation to cryptocurrency by studying trend).

The probability estimates of studying the occurrence of each trend of nature (if available) can be incorporated in the search for the optimal decision making on what to invest on. Which is having an impact on the youth beyond recognition?

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3 Solid Reasons to Consider Investing in the Cryptocurrency Market in 2019

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3 Solid Reasons to Consider Investing in the Cryptocurrency Market in 2019

Just as 2018, the cryptocurrency market in 2019 has been unstable so far, though the market this looks promising which implies that there is more room for growth and a chance for investors to get rich, they need to make the right considerations and bets.

As there are a lot of happenings ongoing in the cryptocurrency market, it seems quite hard to point out or deliberates on factors that will set the market right for investors. Therefore, let take a look at three solid reasons to consider investing in the cryptocurrency market in 2019.

Unlike the previous year, the natural market cycles will be seen in 2019, and it is one major reason for every investor to consider the market in 2019. The unstableness of the cryptocurrency market sometimes worsens the idea that the conventional market cycles are sensitive rides.

If you appreciate the fact that you are just on a roller coaster, then it is quite simple to isolate from the unstableness and probably enjoy even enjoy the ride.

The innovation behind cryptographic forms of money is one thing to be idealistic about. The blend of falling prices and strong fundamentals has been a blessing from heaven for those hoping to build their crypto portfolios.

Basically, with bullish news aside, the financial market naturally moves through bull/bear cycles, and it’s the feelings of the group that fuels its development. If this reason can be connected to cryptocurrency, then we’re probably going to see another bull run dependent on emotion alone on feeling alone.

Secondly, many people in the crypto community are predicting that cryptocurrencies will one day replace the fiat currency. As amazing as a global economic revolution sounds, it will is quite difficult to achieve that as some institutions and government agencies are opposing that step all the way.

However, as the knowledge of the technology behind cryptocurrencies spread wide in 2019, the story is likely to turn as the power of the blockchain technology is accepted and embraced by all major institutions. This can make the dream of replacing fiat with crypto come true.   

This brings as to the third reason which is, mass adoption. Most discussions around the mass adoption of cryptocurrency ultimately lead to getting institutional agencies involved which will go a long way to affect the cryptocurrency market positively. Some of these institutions are Bakkt’s, NASDAQ and Fidelity Investments.

In general, this is some reasons why I think 2019 to a good year for cryptocurrency investors. Nevertheless, as you most likely are aware that the cryptocurrency market is unpredictable, you have to further research and explore the market, its technology behind, and project developments.

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