Bitcoin extends rout after cryptocurrencies plunge 12%

BCH Fork

BCH Fork

Many people believe that the Bitcoin Cash SV was wrecked during the hash wars but what people are not realizing is that the Bitcoin SV community received the publicity of being one of the top 10 cryptocurrencies by market capitalization for free and at the same time automatically getting listed on the major exchanges such as binance.

Now, it's only a matter of time before one of the three approaches crops up as the dominant solution - and along with that, secures its position as the new "real" Bitcoin Cash. MFG recorded a 60.57% gains during the last session, now trading at $0.0036, with a daily volume of $247,465 and a total market cap of $588,011.

When measuring against USD, XRP has fully recovered from its 16% crash that transpired on November 15, with prices now hovering at roughly $0.517. The Bitcoin price of LTC is at 0.00770699 BTC. The Bitcoin price of XMR is at 0.01584208 BTC.

Ripple's XRP gained 4.17% by Saturday, reversing a 2.35% loss on Friday, to end the day at $0.4981. The Bitcoin price of ADA is at 0.00001100 BTC.

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The civil within the Bitcoin Cash community started like a minor disagreement. It launched on 1st August, 2017. It is usually not presently possible to buy alternative cryptocurrencies such as Bitcoin Cash SV [IOU] directly using US dollars. It is similar to bitcoin with regards to its protocol; Proof of Work SHA-256 hashing, 21,000,000 supply, same block times and reward system.

To talk about bad timing, Bitcoin Cash (BCH), which has it's much talked about hard fork scheduled later today lost more than 19% of its value. This would give the Bitcoin SV camp the power to manipulate blocks on the BCH network. So maybe the team behind Bitcoin Cash SV were successful in achieving what they actually wanted to. In an attempt to defend itself in an official statement it said: "The final outcome of the BCH hard fork is still unpredictable, and so are the responses of other constituent exchanges to the new forked coins".

Bitcoin Cash SV [IOU] can be traded on these cryptocurrency exchanges: Poloniex. During the last week, Bitcoin Cash has traded 16.1% lower against the dollar.

It's not always feasible to buy cryptos such as Bitcoin Cash right away using dollars.

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