Bitcoin Forum

Yesterday was the date of Craig Wright's court that is about approximately 1 million BTC ($8.5 billion).

According to the court, Ira, who is suing for approximately 1 million BTC ($8.5 billion), claims Wright seized his brother's Bitcoin and his intellectual property as part of a fraudulent scheme after Dave passed away in 2013.

Do you think that bitcoin price was affected about this court? Or it was just a coincidence that bitcoin priced approximately 8% just at the same day of that court.

I know that Wright simply used this court date to push and pump the BSV price. But what about bitcoin?

https://i.hizliresim.com/nb17z0.jpg

https://i.hizliresim.com/vaMEkv.jpg

Craigh was still given time to prove it until early February, so he still had time to make money from the pump he did now also looking for short popularity to get a lot of money from people who still believed he was Satoshi, if Ira won with his demands then he Craigh CSW easily does a big dump on BSV, so he has the money to pay for Ira's demands, it seems that the price of bitcoin does not have much effect on the court, obviously this is due to the encouragement of weekly trends, but before I saw BSV continue to pursue the CMA position to increase volume trade, so that BTC, XRP and ETH participate in increasing trade volume, this looks hot and crowded

I think it's just a coincidence - that shitcoin got pumped completely artificially, very likely at this specific day to create an illusion that some community supports CWS and believes hims to be Satoshi or something. The coincidence here that Bitcoin went up on the same day, although a lot of other coins skyrocketed too, so it's more of a large crypto pump across the board.

Craig Wright is a clown that no one from the world of cryptocurrency takes seriously. He loves to mess around himself and thanks to such threads on Bitcointalk he manages to do it. I think people like him and McAfee should be left out of the bitcoin price talk at all. These situations have nothing to do with each other.

Coincidence, most likely. Craig has been known to create various claims that are really false. Still, he had an extension till Feb 1 to access 1.1M BTC and just recently, says that he obtained a key that contains BTC worth $9.6B or $8.6B (? Google had showed me different results). Especially with the inorganic rise of BSV, which possibly shows that CSW wants and is needed by the people, or at least, shown by those of his supporters. Look at how the few coins out there increased by a few percentages, and BSV rised by what? 350%? If that isn't manipulated, I don't know what is anymore.

Hopefully they dump their BSV for BTC near the final court date. Everybody knows CW isn’t Satoshi so when it comes to the final deadline I think they will sell.

I doubt anyone really cared about the court case, probably aside from Craig and Ira, now of course BSV went up because Craig wanted to get that pump and he is the one being sued about this so that makes sense but none of the parties had anything to do with bitcoin itself, so I doubt that had any play in this. Plus, for a 8%+ increase in bitcoin you would need to put millions upon millions of dollars into bitcoin all at once, that didn't happened but even if it did, both parties are not rich enough to do something like that and they are not powerful enough to have that kind of influence over people who can neither.

I think this was an irrelevant situation, the best thing we can assume was Craig selling his coins which caused the stability of price for a while and when he stopped price continued going towards higher.

bitcoin is rising most of the times and if you look around each time it makes a rise you can always find some coincidence around that you can link it to the rise. last week people were getting excited about Middle East war and were claiming the rise was because of that, as soon as that ended price still went up. and as soon as this bullshit with scammers end price will still go up.

Some people are hoping to make money on Craig's scheme until he finally loses in court and the window to unload bags with profit closes forever.
It's still a mystery how he managed to keep it going for so long. Dude has been lying about being Satoshi for years and has not provided a single piece of valid evidence. Even his brainwashed supporters will one day leave him and that moment will come when he definitely loses this court case. February is going to be a painful month for SV holders.

Nothing is really known for sure but if Craig Wright will receive that amount of Bitcoin I think there will be a certain amount of FUD in the market since we don't know what Craig Wright will do with that amount on whether or not he will keep it and that is for sure to happen since this is the mainstream crypto media we are talking about and it could be misinterpreted by a lot of people in the internet. So Bitcoin might be pumping right now but when we get a lot of clearer news then we might be in a lot of uncertainty in the market in the future.

I am following the progress of this news because I am only interested if Wright can really produce those keys to unlock that billion dollar worth of bitcoin? Does he really have those addresses that contain those huge number of bitcoin?

And I don't think this situation has something to do with bitcoin rise, it is more on the price manipulation of BSV.

Even prior to the latest CSW drama in court, Bitcoin has been making a run to $8000 already. So I doubt that the news has something to do with the recent spike. The year has started in a good note, perhaps people are eager to get inside because of the looming block halving in May. The only pump that we have seen is the BSV, but we understand it, people behind wanted to manipulate to their favour. They or at least CSW has 3 weeks to proved that he has the keys, otherwise we might see a -90% plummet of BSV after the said date.

If you'll be following there nees I wouldn't give too much time into diving into detail on every news article I see as they will all just say the same thing and they won't really give you in extra details anout the news. Also what do you expect on monitoring Wright's situation? The fwo possible outcomes that could happen is either Wright will be a billionaire or is a phony trying to fool the industry the former is something we need to get ready for the latter is surely something that have just waste our time.

Well,Craig will most likely sell all those bitcoins and try to dump the bitcoin price.The BTC price will recover for sure,but Craig Wright will have enough money to fund his shitty altcoin projects and anti-bitcoin FUD across all social media.However,I really doubt that the court will decide on his favor.
 

Apparently a significant part of cryptocurrency users trust Craig and that is why Bitcoin sv has significantly increased in price.  It’s even very difficult to imagine what will happen if large volumes of bitcoin appear on the market that are on the satoshi nakamoto wallet.  Nevertheless, Craig still needs to prove ownership of the keys to these wallets.

That tells me that a lot of money was pouring into the crypto market as a whole, and I'm wondering where it all came from.  Maybe institutional investors?  Who knows.

I haven't been keeping up with this Craig Wright drama, but it's certainly interesting.  Seems like the general consensus around here is that he's not Satoshi, but I'm damn curious to see whether he produces the private keys to all that bitcoin that hasn't moved since the beginning.  That is what he's being asked to do, right?

Anyway, I keep forgetting that BSV is actually a coin.  Never had any interest in it, nor do I know why it exists.  Same for BCH.

Latent demand. People have been selling for months and months, leaving their money on the sidelines and waiting to buy back in. That "sideline money" is now flooding back into the market because of technical signs like the confirmed $6,000s W-bottom (https://bitcointalk.org/index.php?topic=5196072.msg53550369#msg53550369) and the breakouts above the 20-week MA and downtrend channel. (https://bitcointalk.org/index.php?topic=5196072.msg53605841#msg53605841)

Typically perma bears will say "this is just a short squeeze" but they're wrong. Open shorts on Bitfinex have doubled in the past week, so the price obviously isn't being driven up by shorts closing.

This is what a young bull market looks like.


Really? He's pulled every con in the book. He's obviously a conman. I thought only the BSV fanboys were waiting with any anticipation.

Looking back, it's actually a good thing that they exist. We now have actual evidence that big blocks don't yield more demand because payments were said to be super duper important. It's somewhat of an experiment, and one that doesn't involve exposing Bitcoin to huge risks by increasing its block size to some crazy mb size.

There is so little demand for payments and cheap transactions that the BSV network is being spammed by a few weather and price fetching apps. +75% of the transactions are coming from those apps. +50% of BCash's transaction volume comes from spam addresses, lol. Just goes to show how desperate they are. So much block space yet no idea what to do with it.

I do thank Roger Ver as CEO of BCash for the free money. It was a nice pay day.

Nothing surprises me if community do really behave like that.If theres something or news then they can easily tagged it up together with the sudden rise of price.

Im already tired on any news thats related to Craig - its all non-sense or simply just doesnt worth to read on.All of these dramas doesnt really have an ending but just
purely trying to stir up communities minds that hes forcing something which doesnt really belongs to him.

All things are just pure coincidence when it comes to price movement.It has nothing to do into these sentiments neither CW or that Iran war.

It’s definitely a coincidence because we hardly see any big news for BCH, and whenever I try to offload my remaining BCH coins no one accepts it too. @hatshepsut93 who are those people and how can they be so naive to yet believe that he’s the real Satoshi, because he’s failed so many times to prove that’s he’s the real Satoshi.

Also Read this Article for more information: https://www.ccn.com/bitcoin-altcoins-pumping-together-is-this-2017-all-over

What we have noticed in the market is probably just a coincidence because there's a lot of drama in the market lately, including the US and Iran conflict, bitcoin halving, and CW case with his BSV. His court battle won't affect the market no matter everything seems to follow as a coincidence to everything what we have seen.

That's so true. Our attention towards faketoshi is giving him too much fame which he doesn't deserve. This s what he wants that we keep on discussing his jokes of life. I am 100% convince that BSV and other bull runs have nothing to do with that faketoshi court dates and other stuff.

I would never put the craig wright nonsense to the same level like the US-Iran conflict or the US-China trade war.

A downward channel can only go down for so long, and maybe it was the right time to break out of it, no matter what is going on in the background noise of the world.

Maybe it is the bullish spring with a now confirmed break out and slow steps up one resistance line after the other.

I don't even know about the trial date and I think many of us just doesn't care.
So, a big NO.
It is not the reason for the shaky bitcoin price. He is just another guy who is being sued because of his greediness.

His BSV supporters might be looking at it but, put that pump over BSV and not as an event that made the bitcoin price high.
Bitcoin will soar high and there is no one who can explain it accurately.

if the rise in bitcoin prices is related to the CSW court I think it's strange, why not see bitcoin above 100% like BSV and why other Altcoins are also going up, does it look like a party, I am a trader that you just showed us the chart, try using there the MACD indicator and select 1W do you see a small curve going green, it's easy analysis try to look using other indicators you will definitely see it is a bitcoin trend and driven about reducing bitcoin and so on, CSW news only pushes up the price of BSV not on bitcoin , because BSV will not be able to catch up to Bitcoin trading volume, BTC dominates the crypto market instead of BSV  ;D

Neither do I, doesnt have any interest with BCH and BSV yet these coins doesnt really give out relevance on why they do exist but instead the people behind these projects are making out some dramas where
the entire community do already got bored into.

One thing on what community do ask for him to do is to move out a satoshi into a certain wallet to prove out all the things hed been fighting for years now and about BSV price then its just a typical market movement where
everything is rising and as said no one actually knows on where these funds do came from.

There are many issues in the world including tensions between countries and they are in the brink of war and it will affect certain markets as well because everyone will be concerned about a stable economy when there is an all out war and it is not different in the crypto market and the legal proceedings that is going through does have an impact on the market as well if the judge favors CSW and his claims and if he can prove those in the court.