^nice one criptix. I've shared it twice so far, but it bears repeating. The sheep will bleat when this reifies.
(referring to a Wechat photo)
Seems someone did it purposely just around the same time BSV pumped just an hour ago.
Completely fake news but “real enough” to trick many Chinese retails
The trick is easy and constantly used by many scams - all chinese crypto media circulate the breaking news via picture as above in wechat, instead of news link. So anybody can just use the same theme template and photoshop one ☝🏻 like above
It reads “CSW transferred 50k BTC from the biggest BTC wallet to Binance, which confirmed he is the real Satoshi. As such CZ will re-list BSV and make an official apology on Twitter”
it’s fake af but many retail will believe it for a while before they figure out it’s fake
I don’t know how much this contribute to the pump, but this fake news snapshot went viral in many Chinese retail groups around the same time and folks (thought it was real) got super excited abt it 🙄🙄🙄
CHINESE RETAIL IS THE BEST HERD EVER
The SV clownshow used this tactic before to move markets, when theymos and I saw a similar photo going round on a fateful day.
Jihan is reported to have said a few hours ago regarding the BCH fork, "I have no intention to start a hash war with CSW, because if I do (by relocating hash power from btc mining to bch mining), btc price will dump below yearly support; it may even breach $5000. But since CSW is relentless, I am all in to fight till death!" I think he or someone aligned with him dumped on low volume in order to send some kind of message, though I'm not sure what that message is supposed to be: there really shouldn't be much fundamental relationship between hash power and prices except insofar as it causes technical issues (eg. slow blocks -> higher fees), but no BTC issues seem likely here.
was re this fakery
https://twitter.com/PandaofBinance/status/1062695905768263680lol i didn't post that theymos fud earlier because too fuddy and unsourced but w/e
his point is ok of course
The moral of the story? notbad manipulation tactic there by the SV clownshow, but we are forearmed to defuse such fuddery.
edit: the gutter press reiterates
https://www.coindesk.com/scammers-boost-bsv-price-with-fake-satoshi-confirmation