what is behind BITCOIN Cash SV Pumping

[TheBusstop]

 a closer look at the market will send shivers down the spine. some coins, within the last few days are pumping seriously like Mad.
can someone please help with the idea behind BITCOIN SV Pumping please.  On may 20th, this particularr coin was sold at 61usd.  today. i soaring high at 176usd at the moment. i believe that is not the end and i think, the war with bitcoin cash ABC is not over.

[AB de Royse777]

what is behind BITCOIN Cash SV Pumping

Ignorance

[Genemind]

Most top altcoins are pumping as bitcoin's price is rising as well.
It has a huge influence that some coins go with its hype.
As for me, there's nothing to bother about.
There's just a high demand for bitcoin cash and it only goes with the path of Bitcoin.

[Pursuer]

the answer to why blank is pumping (where blank is the name of an altcoin) is always the same thing. it is because they are pump and dumps so they are doing what they were created to do to get pumped and dumped!

in case of BSV they are trying so hard to keep it alive because recently the biggest altcoin exchanges removed this altcoin from their services and it crashed the price and hastened its inevitable demise. so they are now trying to pour a lot of money in it and pump it to keep it alive and not let it die this soon. because that would mean all their hard work to scam people would go down the tubes.

[mk4]

They're currently having the BSV CoinGeek conference in Toronto. As far as I know, fomo occurs sometimes when these conferences come up in the hopes that there will be good sort of "announcements" and such.

[Vishnu.Reang]

A lot of the new entrants in to the world of crypto-currency are getting confused by BSV. There is a lot of propaganda going on in the social media that BSV is the original Bitcoin and some of the noobs therefore purchase BSV along with BTC (or BCH). Even if someone purchases BTC using 90% of his funds and BSV using the remaining 10%, then BSV will be getting a boost because its market share is less than 1%.

[Ailmand]

They're currently having the BSV CoinGeek conference in Toronto. As far as I know, fomo occurs sometimes when these conferences come up in the hopes that there will be good sort of "announcements" and such.

Agree with this. Most investors expect too much once they hear that the team is having a conference which affects the prices. People are too hopeful that there will be changes which could bring them a good profit through holding such coin in time. Even updates are being manipulated which is making announcements more unreliable.

[Kemarit]

Definitely the war with BCH is not over, I mean those people behind will try to out do each. As for BSV, the Craig attempts to copyright the Bitcoin whitepaper was the catalyst for this dramatic surge, IMHO. However, this kind of hype will die down in the next coming weeks and days as typical of a altcoins, pum-and-dump scheme. It's good if you can ride the waves and exit on time. But if you think of buying at this price, then there's a big risk in your end that you might get trap inside once all this drama has died down.

[mk4]

Agree with this. Most investors expect too much once they hear that the team is having a conference which affects the prices. People are too hopeful that there will be changes which could bring them a good profit through holding such coin in time.

Yep. And what happens after the conference? The price dumps. Simply because these conferences are often overhyped and end up being underwhelming. I have fomo-ed in some coins due to conferences in the past when I first started out trading so I'm a bit sure of this lmao.

[The Sceptical Chymist]

so they are now trying to pour a lot of money in it and pump it to keep it alive and not let it die this soon. because that would mean all their hard work to scam people would go down the tubes.

I don't know if I agree with that or not--not that I could back up any argument with facts anyway, but that sounds like an incredibly stupid thing to do, even if it was your coin.  All signs (at least from what I've read) point to BCHSV being moribund.  When a coin gets delisted like it did, that seems like it would be its death knell, and at that point why even bother trying to keep it alive?

Have to admit I don't know much about this coin, but I keep reading bad things about it on the forum.  Despite the pump, what we're seeing is probably a dead cat bounce.

Ever notice in the stock market that the stock of companies going bankrupt still continues to be traded, even if it's for pennies?  For every seller, there's gotta be a buyer on the other end of the trade, and people will pretty much buy anything--even assets that are headed toward the graveyard.

[pakhitheboss]

Most coin are having a good run now. BitcoinSV till May 26 was $88.00 and suddenly it has gone up to $178.71 that is about 48% in price hike. There is nothing new this has happened before. BSV falls under the category of pump and dump coin. The recent spike in the price is because of its founder Craig Wright’s Copyright Application. Read this article to know more - https://www.investinblockchain.com/craig-wrights-bitcoin-sv-market-cap-rises-by-1b-thanks-to-55-copyright-application/

[pixie85]

There are many reasons that I can think of. One of many is the article that said Craig has copyrighted the white paper. The article was FUD but it still made some people FOMO and buy SV.

Bitcoin bull market also could influence SV because it pushes the value of all cryptocurrencies including shitcoins.

[Oilacris]

They're currently having the BSV CoinGeek conference in Toronto. As far as I know, fomo occurs sometimes when these conferences come up in the hopes that there will be good sort of "announcements" and such.

Agree with this. Most investors expect too much once they hear that the team is having a conference which affects the prices. People are too hopeful that there will be changes which could bring them a good profit through holding such coin in time. Even updates are being manipulated which is making announcements more unreliable.

You would need to take a risk since we do know with these kind of conferences do really affect price movements.It might not be reliable anytime but would really be

a worthy thing to be tried but well it would depend on your risk management yet not all fundamentals or news do reacts anytime with its price.

[dothebeats]

Normal pump and dump games to condition the mind of people into getting them hooked with BSV. Whoever is behind the said pump is obviously trying to trigger a FOMO event for BSV before they dump right into their faces. Not that I'm saying that all those rise were artificial, but seeing how fast the rise is for a relatively small market is beyond comprehension (at least on this instance).

They're currently having the BSV CoinGeek conference in Toronto. As far as I know, fomo occurs sometimes when these conferences come up in the hopes that there will be good sort of "announcements" and such.

A small conference doesn't ensure a FOMO, and with today's age, announcements from third-party services dealing with such coins are more sought after and anticipated than any announcements concerning the said coins directly, so yeah, hard to attribute it purely to that conference.

[CryptoBry]

what is behind BITCOIN Cash SV Pumping

Ignorance

And greed, of course. Just like what CSW is doing right now as he seeks more attention from the people in the cryptocurrency industry as well as in the outside world via the mainstream media, manipulations are obviously the game of the day. Let's just wish the people behind BSV and its supporters the best and more profits.

Update: Current price of BSV is $222.47 USD (88.82%)

[Thanasis]

When a coin is bumping too extreme irrespective of its usage then it is called manipulation trap so people who are following that coin to invest will get trapped and all their money will be gone.

[LogitechMouse]

Manipulation is one reason why this useless stupid coin is pumping. Manipulation by various institutions and rich people out there. This is the main reason why this coin is pumping hard.

Since this coin is pumping, there are some stupid investors out there riding on the train hoping that they can get profit unto it. They are getting FOMO'ed. Lets not jump into this stupid coin

[mk4]

They're currently having the BSV CoinGeek conference in Toronto. As far as I know, fomo occurs sometimes when these conferences come up in the hopes that there will be good sort of "announcements" and such.

A small conference doesn't ensure a FOMO, and with today's age, announcements from third-party services dealing with such coins are more sought after and anticipated than any announcements concerning the said coins directly, so yeah, hard to attribute it purely to that conference.

It definitely doesn't ensure it, but it's the best reason I could think of personally. Some are also saying on Twitter that someone from the BSV side is spreading fake news in China or something; possible, but I really can't confirm it. Pretty difficult to trust news and social media nowadays.

[xvids]

The price of Bitcoin is soaring high so most of the alt-coin price when it comes to USD would also be pump .
I think it is just a FOMO there are plenty of fake news spreading about BSV and Craig has been pumping or shilling this coin and it may be working now.

[elewton]

The price of Bitcoin is soaring high so most of the alt-coin price when it comes to USD would also be pump .
I think it is just a FOMO there are plenty of fake news spreading about BSV and Craig has been pumping or shilling this coin and it may be working now.

Many rumors related to BSV and the Chinese market are receiving this information very well and making the value of BSV today higher than $200. I think this price pump is really terrible because the value of BSV only stopped at 90 $ in 2 days ago and it only takes 2 days for the value of BSV to reach more than 200%. This is very unlikely in the crypto market and this can be considered a price increase that many people regret most when this coin is delist at Binance.