Did fear cause that sharp dump?

[omonuyak]

We all know how Judge ordered Craig Wright to pay $5 billion to Ira Kleiman (where people were fearing of an average of $2 billion dump in BTC if she decides to redeem that USD). Though, CSW is not Satoshi and hence, he's got nothing (at least not what's ordered) to pay Ira Kleiman such a huge amount. I want to ask that whether the fear of being dumped with a lot of BTC helped the trend to move backwards and break down to near $9k?

Source of news: https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/

The fear has been created since last two weeks when people began to promote the macd weekly crossing signal. This samething happened in February and bitcoin turned bullish since then. People are afraid that in some months to come Bitcoin May hit around $7850 the 200 ma on a daily chart and hence trigger sell off.

[Distinctin]

From the news shared by OP..https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/

Craig Wright told Modern Consensus he “has no choice but to hand over $5 billion in BTC.”

So this means he really has that amount?
That would probably cause a dump if he is not lying here, but this guy is a proven liar, we can search his name in google with lair after it and we will see a lot of articles about that. 

So are we gonna worry about the possibility that he will be able to pay that big amount?
What would happen to him if he will not follow the judge order?

[exstasie]

Cant Ira sell it OTC?

If the coins are real, he could easily absorb all existing spot and OTC liquidity. That's how illiquid this market is. Of course, the coins aren't real.

From the news shared by OP..https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/

Craig Wright told Modern Consensus he “has no choice but to hand over $5 billion in BTC.”

So this means he really has that amount?

No. He keeps signalling to the market that he has the coins, but there is no proof. It's just more pathetic attempts at manipulation. I'm sure he's planting the seeds of a BSV pump with these claims.

[fabiorem]

Cant Ira sell it OTC?

It's $5 billion worth of BTC we're talking about.
Where the hell are you going to find a buyer for such amounts? Even a whole group cannot carry out a transaction in one full year because the amount is too big.

True. But, on the other hand, CSW might be lying again.

Maybe he have the wallets, but dont have their passwords.

[Lucius]

I want to ask that whether the fear of being dumped with a lot of BTC helped the trend to move backwards and break down to near $9k?

It has nothing to do with each other, it is same price drop we see few times in last 2-3 months. That idiotic Faketoshi is just play bad move, and now he need to pay price for that, but as you say he is not have such funds, otherwise he would not have done this sort of nonsense.

I can only say that some whales use such news in their own benefit, it is just about getting the price down as much as possible to buy more, then pump it and sell on top, and repeat everything as many times as possible. This is the perfect time to do it, and as we can see, it works out perfectly.

[guoyu78]

Right now, the breaking point under 10k seems still strong, we can totally wait around and make a push for anything higher but that doesn't mean it will happen. It all depends on the trends and the movements by the whales, if we can somehow find a way to get whales up and going for a direction we can know which direction we will go but at the end of the day unless they do some big moves I am 99% sure we will keep going up and down for a long time.

Maybe to close that gap at 7.8k it may do some bear looking moves, it is not that easy to go down but not go down too much, like if you want to move from 9.5k to 7.8k, you may end up at 6.5k which would be not something you may want. Hence, I would highly suggest keeping it around here for a while and let it drop only slightly over course of a whole month if I did that.

[Wilhelm]

Cant Ira sell it OTC?

It's $5 billion worth of BTC we're talking about.
Where the hell are you going to find a buyer for such amounts? Even a whole group cannot carry out a transaction in one full year because the amount is too big.

True. But, on the other hand, CSW might be lying again.

Maybe he have the wallets, but dont have their passwords.

CSW being full of shit would be the best outcome.
Even better if CSW would (at his court hearing) Sing "Never gonna give you up, never gonna let you down.... Making the Guinness book of records as most expensive Rick roll 

[exstasie]

But, on the other hand, CSW might be lying again.

Maybe he have the wallets, but dont have their passwords.

Might be? It's all but guaranteed. Just take a look at all his past lies and deceptions. What would make you believe that this time he's telling the truth? He seems like one of the worst (read: most obvious) con artists of our time.

[cryptoperkele]

The fact that the dump happened in minutes after angelobtc (the top trader of bitmex) tweeted a bearish tweet makes me think even that could have been the reason.

[lixer]

We all know how Judge ordered Craig Wright to pay $5 billion to Ira Kleiman (where people were fearing of an average of $2 billion dump in BTC if she decides to redeem that USD). Though, CSW is not Satoshi and hence, he's got nothing (at least not what's ordered) to pay Ira Kleiman such a huge amount. I want to ask that whether the fear of being dumped with a lot of BTC helped the trend to move backwards and break down to near $9k?

Source of news: https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/

When the news came out that the judge ordered Craig to pay some certain fine, bitcoin was still growing strong, and the news was already all over the internet, if this dump was as a result of that, then it would have happened long time ago and not now. We still don't know what actually caused the recent dump and we may never know, because we have had lots of dumps in the past that none of us was able to get an explanation to till date and bitcoin still bounced back.

If this news of Craig was going to affect anything, I am sure that it will affect more of bsv and not btc because he has more of his investment in BSV, and it was in the process of making bsv become number one that he started making all those illegal claim that he is Satoshi and now see what he’s got himself into.

[JohnBitCo]

We all know how Judge ordered Craig Wright to pay $5 billion to Ira Kleiman (where people were fearing of an average of $2 billion dump in BTC if she decides to redeem that USD). Though, CSW is not Satoshi and hence, he's got nothing (at least not what's ordered) to pay Ira Kleiman such a huge amount. I want to ask that whether the fear of being dumped with a lot of BTC helped the trend to move backwards and break down to near $9k?

Source of news: https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/

I really wish bitcoin come out of this pump and dump cases on the basis of these news. Bitcoin should be strong in itself that it should not have to be dependent on these stupid news.  If Craig Wright  want to dump let him dump,  the bitcoin community will not panic.
Many people were willing to buy Bitcoin at cheap prices, they will buy back. 

[BitcoinHunt3r]

Many times if you refuse fear, you would see that victory is at the corner. Most people who are not believers of bitcoin would give in to fear and sell but regret later. The price keeps dropping because the fear factor has been triggered but price will rebounds soon at support level of $9,500.

Maybe a lot of traders should train their fear first before ready to trade. Although it is really hard, until now i still can't always fight my fear when trading and always get panic. Maybe will need time, but real traders must already prepared first because this business is not like we play game or gambling. I think if traders ready with it, maybe he can be good trader, only need to keep train about skills.

[adaseb]

The dump that happened wasn't really that big of a dump. Its most likely like that since its Summer and there is little volume and little liquidity and we got these sharp moves up and down. In Sept/Oct when the volume returns then these big bart ups and down and massive spikes should be suppressed.

I think if the general bitcoin public believes he actually was Satoshi then there would be a massive sell-off since it would create a huge price dump if the receiver is going to have to pay taxes in the billions from the inheritance tax. Since there was no dump, then the market is fairly confident that he is not Satoshi.

[btc_angela]

I guess CSW just blow everything out of proportions that could still fear causing a minor dump. But as soon the investors knows his tricks again, they aren't bothered by all the news and the all the spewing coming out of his mouth. Market seems recovered already so I guess we can safely say that he tried, but investors are not that dump to bite on his noise recently.

[Reid]

It might be one reason.
Specially the followers of Craig which could be warned already of what could happen.
That is, if he does have bitcoin in his stash.

But to those who just read or sought the news, it could be a different view.
We differ in how we think individually and the market will show how we all react.
It dumped, yes that is a fact. But is it that deep? No.

[davinchi]

I think fear plays a bit of role in this but I think its not all of it. Maybe there is some people who feared and sold but right now we are in the trend zone and we didn't move beyond it which means there is really not much fear going on. When the price is between 9 and 11 that is literally the trend zone that we have been going up and down between for a long time, considering we are not doing half bad right now and the price moved up a tick I believe fear was only a small tiny part of that drop.

If we move under 9 thousand though than we can call it panic sellers and fear, or if we go above 11 we can call it a bull run or hype or rally or whatever you want. Between 9 and 11 though I feel like it is nothing, just traders doing what they do every day.

[Hamphser]

Fear of losing more of your money can really make people to start selling there coins at any price and that will lead to decline in the market price of the given coins. Although, the fear are mainly as a result of negative news about what is going to happen to the coins in question.

It is proven already before that spreading FUD could make someone to panic selling and that could alter the price movement if someone has a bag of coins to dump in the market. People should not be afraid if there is a news that tell about negativity this is not helping them at all. People should do their own research instead of believing those lies.

[samcrypto]

The fact that the dump happened in minutes after angelobtc (the top trader of bitmex) tweeted a bearish tweet makes me think even that could have been the reason.

Big crypto personalities made a huge impact, it can be a reason but more reason to know before we know the exact reason of the big fall. Fear and panicking is the common trend when someone tweeted negative news or FUD. Now, it started to pump again, this is the start of the pump this ber months.

[Questat]

The fact that the dump happened in minutes after angelobtc (the top trader of bitmex) tweeted a bearish tweet makes me think even that could have been the reason.

Big crypto personalities made a huge impact, it can be a reason but more reason to know before we know the exact reason of the big fall. Fear and panicking is the common trend when someone tweeted negative news or FUD. Now, it started to pump again, this is the start of the pump this ber months.

We can be like that if we listen to them and eventually relying on the news. How many people lose their money for this? It happens so many times and this dump and pump scenarios leaving a huge impact and makes people act doubted. Yes, may news gives awareness but not all of them seems to be helpful instead, it sometimes creates a huge market drama.

[pealr12]

No its not its just a bull trap. After that sharp dump bitcoin again recovered is just a few days. You cant see bitcoin recovered so fast just like before. Im thinking that bitcoin already had a stable bottom price which is 9000$.