Is someone really behind the Bitcoin SV pump?

[tabas]

Like all the best pumps the current peak is based off a pure lie.

https://twitter.com/DoveyWan/status/1133745717044862983

https://mobile.twitter.com/cz_binance/status/1133777712055635968

I wouldn't have expected anything less.

It being removed from the biggest exchanges works in pumper's favour. Far easier to get morons to rush in when the market is even thinner than it was before.

Ohhh, due to the misleading information that caused the pump.

Not likely but the raise in price made it more profitable to mine it. If profitability rise, miners could decide to chase profits and move from BTC and BCH (and other SHA256 coins) to BSV, thus raising the hashrate, raising security of the chain. At that point the price could eventually raise. There are a lot of factors in price movements, profitability is more a consequence of price increase/decrease.

I see so there's other reasons why there's a pump with that coin. And as it dumps, it got a better support.

[Investor77]

This is a clear scam coin. You can make profit with this coin ofcourse but it's not a sound investment.

[moynul2050]

Craig Wright seems to have deceived many people and the controversy has made BSV prices increase, but remember, if the truth has been revealed, do not blame it for bad news that will destroy BSV prices in the future.

[ethereumhunter]

Craig Wright seems to have deceived many people and the controversy has made BSV prices increase, but remember, if the truth has been revealed, do not blame it for bad news that will destroy BSV prices in the future.

Before that time is revealed, I think we can get much profit from bsv, so we don't regret to lose the chance to make money from that coin. I don't mind to trade that coin because as long as I can make more and more profit, it doesn't mean for me and if the time revealed the truth and the coins were down deeper and no chance to rise again, then I will leave the coin before it's too late

[Irazzzta]

Of course there is someone behind the rise in BSV prices, and that person is Craig Wright supported by BSV supporter. The strategy is very good for raising BSV prices. after dumping because of his claim to Bitcoin, he was finally able to return the price to the original even higher. I see this as bad news for a good price strategy.
maybe the price of BSV will fly if Craig Wright can maintain his marketing strategy.

[MirkoIta]

Bitcoin SV now trading at 220$

via Imgflip Meme Generator

[Johnzky]

A Reddit user suggested there may be someone behind the Bitcoin SV pump.

Personally...IMO this does look a bit coincidental... I think 99% agree there was someone behind it but I've heard as many names as there are Bitcoin SV supporters so....

Is there someone behind the SV pump? And do you think it'll fly?

Well Craig “Satoshi Nakamoto “Wright perhaps may answer this ?Unless people here believe that he’s the one true creator right?

Bitcoin SV after delisted in Binance the Said exchange got hacked and the coin got pumped so if there’s something to think on maybe we can start on that part

Bitcoin SV now trading at 220$

via Imgflip Meme Generator

220$ is stabilizing value there’s no big growth upon that,maybe if this passed the $500 value then we can say it’s all about the great pump already

[MirkoIta]

220$ is stabilizing value there’s no big growth upon that,maybe if this passed the $500 value then we can say it’s all about the great pump already

I find it great how the price is rising without any huge pump, my joke was on people saying it was going to dump because it pumped for a fake news in China... The geniouses calling for a dump on 29 May and the price was 120$, 5 days later and 220$, so I wonder when the Chinese are going to dump it. 

[novusordo]

This is a clear scam coin. You can make profit with this coin ofcourse but it's not a sound investment.

I do not know why people make their conclusions based on the assertion of a some people. Just because CZ lashed out at Craig and you think BSV is a scam coin. What would we say about the alleged scam coin trading strong above $180 now

[armarsterling7]

A Reddit user suggested there may be someone behind the Bitcoin SV pump.

Personally...IMO this does look a bit coincidental... I think 99% agree there was someone behind it but I've heard as many names as there are Bitcoin SV supporters so....

Is there someone behind the SV pump? And do you think it'll fly?

I think it will fly and fly very high. people will not know how high its value will increase. But I reminded again, this is really a big trap of the whales. Its price may rise very high but it is only virtual value. one day it can explode and you know the result.
You can try to buy BSV and place a stoploss order nearby, you can get a small profit but don't be greedy.

[mdzahed134]

Definitely, for every pump or dump in cryptocurrency, there is definitely a news behind it. This is the concept of traders fundamental analysis. BSV pump was aa a result of the US court granting rights to Craig Wright as the founder of bitcoin (Satoshi Nakamoto).

That's already old news to be honest, for sure someone is buying and that's why the price rise. There is surely less liquidity since it's not on kraken and binance anymore so it only takes "little" money for the price to move a lot.

I sincerely don't agree with you on this my friend (concerning liquidity and exchange). When Binance and Kraken delisted, it traded at $52 but BSV has done x2 since then with $400m trade volume. Currently, it trades excellently on these exchanges Huobi, OKEx, Poloniex, Bittrex, Bithumb, DigiFinex, Upbit, Kucoin, Bibox and so on

After Binance & Kraken delisting as a result i think there are no big dumping happen in BSV price 20$ reduced it’s very normal falling down from panic seller because of two big exchange delisting. But trading volume was very good like as previous history. Still i didn't heard there are any good news for BSV but how it's pump hardly, Definitely some one behind the scene.        

[MirkoIta]

After Binance & Kraken delisting as a result i think there are no big dumping happen in BSV price 20$ reduced it’s very normal falling down from panic seller because of two big exchange delisting. But trading volume was very good like as previous history. Still i didn't heard there are any good news for BSV but how it's pump hardly, Definitely some one behind the scene.        

Well maybe you should start to read something more about BSV since there are a lot of news and development coming out... Lastly being http://bsvalias.org/ to send Bitcoin SV through email addresses instead of a string of letters and numbers. I suggest to read the article since this is all about adoption and onboarding: https://coingeek.com/paymail-launches-makes-bitcoin-as-easy-as-email/

“If Google wishes to add support for Paymail, they will be able to roll out support seamlessly for all Gmail users without interrupting service or changing any of their email infrastructure. Every Gmail user will be able to send and receive Bitcoin, and perform other advanced applications, directly from Gmail, while still being able to use Gmail as an email service (and an identity service) in the same way they do currently.”

If Google were to elect to do that, that opens up potential BSV adoption to 1.5 billion active Gmail users. Even if one of the smaller email providers, like Yahoo (200+ million active users) or Outlook.com (400 million active users,) it would increase the number of potential Bitcoin users by an order of magnitude.

Isn't it at least "odd" that mainstream crypto medias don't even hint about this, but instead everybody points at some fake news coming from an anonymous telegram screenshot?

[FitzgeraldZ]

Presently, Craig has moved to document a copyright guarantee to catch responsibility for unique Bitcoin whitepaper composed by Satoshi Nakamoto.

For one, Craig has in the past been known to attempt incredible endeavors to cause FUD and FOMO inside the crypto network, and this ongoing move appears to have worked out as BSV shot up by 100% when the news out his turn to copyright the whitepaper broke out.

[MirkoIta]

Presently, Craig has moved to document a copyright guarantee to catch responsibility for unique Bitcoin whitepaper composed by Satoshi Nakamoto.

For one, Craig has in the past been known to attempt incredible endeavors to cause FUD and FOMO inside the crypto network, and this ongoing move appears to have worked out as BSV shot up by 100% when the news out his turn to copyright the whitepaper broke out.

You are a bit late, copyright was granted and the news came out 2 weeks ago, meanwhile BSV is worth more than double since then, 225$ as we speak  





It seems more and more pools and miners are moving onto the most profitable coin actually.  

SOURCE: https://coin.dance/