cointikka Posted May 29, 2019 #1 Posted May 29, 2019 BitcoinSV pumped more than 40% in just 24 hours. Below is the price table May 28th price of BitcoinSV - $116.76 May 29th price of BitcoinSV - $175.9 Found an article stating it was because of a Chinese fake news Source - https://cryptopotato.com/did-bitcoin-cash-sv-surge-50-because-of-fake-news/ I am pretty sure this was done by Craig Wright. I also think they are dumping Bitcoin to spike the price of BitcoinSV. The price of Bitcoin has gone down by 0.56% within the last 24 hours 28th Bitcoin price - $8802 29th Bitcoin price - $8650 What do you guys think. Do leave your comments. Found another reason for sudden spike. Scammers boosted the price of Bitcoin SV (BSV) Wednesday by publishing a fake news alert purporting to show that BSV’s creator is also bitcoin’s. Read the full article here - https://www.coindesk.com/scammers-boost-bsv-price-with-fake-satoshi-confirmation
htetaungxx Posted May 29, 2019 #2 Posted May 29, 2019 i think bitcoin will go 9000 over in 24 hour i think.. btc doing like that ever..
cointikka Posted May 29, 2019 Author #3 Posted May 29, 2019 I do not think so, I think there is big price manipulation going on it is being done by BitcoinSV community or the founder himself. If the price goes upto $9000 with in the next 24 hours then it will be a great news for all of us. Hoping for the best.
Babagucci Posted May 29, 2019 #5 Posted May 29, 2019 34 minutes ago, cointikka said: BitcoinSV pumped more than 40% in just 24 hours. Below is the price table May 28th price of BitcoinSV - $116.76 May 29th price of BitcoinSV - $175.9 Found an article stating it was because of a Chinese fake news Source - https://cryptopotato.com/did-bitcoin-cash-sv-surge-50-because-of-fake-news/ I am pretty sure this was done by Craig Wright. I also think they are dumping Bitcoin to spike the price of BitcoinSV. The price of Bitcoin has gone down by 0.56% within the last 24 hours 28th Bitcoin price - $8802 29th Bitcoin price - $8650 What do you guys think. Do leave your comments. Yea I def think it's something fishy going on with bitcoinsv. But mainly it's probably inexperienced traders chasing the pump which never turns out well unfortunately.
Mahdirakib87 Posted May 29, 2019 #6 Posted May 29, 2019 In many days a lot of alt coin get pump like this. Like one day ltc getting up another day eth or bch. And that time btc not going up. That doesn't mean those coin price up causing btc price down. You may see on other day only btc going up much. Maybe there is some reason behind BitcoinSV price up. If the reason isn't good a dump will happen soon. Let's wait and see what will happen.
poloalto Posted May 29, 2019 #7 Posted May 29, 2019 wow the increase is very fast, i think this is possible there are many traders who are buying and selling.
wry Posted May 29, 2019 #8 Posted May 29, 2019 There is no news on the bitcoinsv.io site. The price has moved up very strongly, even the move up to 100 USD was strong. In addition to selling some BTC, Craig would also have a lot of Bitcoin cash he could sell to pump SV.
bmg Posted May 30, 2019 #9 Posted May 30, 2019 yeah kinda cool I just got a message on discord from a friend that was super excited about bitcoinSV going up a lot.
Kippo Posted May 30, 2019 #10 Posted May 30, 2019 Good luck with your crypto trading and be careful while trading your money to get profit.
williamshennie9 Posted May 30, 2019 #11 Posted May 30, 2019 It could be completely random, or it could be a strategic move for whales to pump up the price, and possibly be planning to place a massive sell order, which would see the price come crashing down again. Just a guess.
cointikka Posted May 30, 2019 Author #12 Posted May 30, 2019 6 hours ago, wry said: There is no news on the bitcoinsv.io site. The price has moved up very strongly, even the move up to 100 USD was strong. In addition to selling some BTC, Craig would also have a lot of Bitcoin cash he could sell to pump SV. It is a possible that he might dump BCH to pump his own coin. Publicly he has always said that he will sell Bitcoin to pump BitcoinSV and he later did that after the famous BCH fork. Bitcoin price took a huge dump at that time.
cointikka Posted May 30, 2019 Author #13 Posted May 30, 2019 And the price crashed to $44 on BitFinex. How many small and new investors lost their money God only knows. This why you should stay away from such coins. Those who lost their money because of FOMO my deepest sympathy. I hope BitcoinSV community now realises, which coin is the original Bitcoin. More update on price crashed here - https://www.ccn.com/bitcoin-sv-bsv-44-bitfinex-community-cries-manipulation
nattekut Posted May 31, 2019 #14 Posted May 31, 2019 it was just a pump by some BTC whales. Lot of people took some huge profits with the huge increase of BTC past weeks and now using that funds to push prices of other coins they are holding and make some more profits. I think in the following weeks we will see other coins pumping as well for no reason
artizykristy Posted May 31, 2019 #15 Posted May 31, 2019 so this is like manipulating market prices ?? or are there some people who spread fake news?
Kate Posted May 31, 2019 #16 Posted May 31, 2019 It pumped because bitcoin pumped no surprise because many altcoins pumped very high as soon as bitcoin pumped high.
barbaris Posted May 31, 2019 #17 Posted May 31, 2019 All currencies react to Bitcoin, especially its branches.
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