Bitcoin Forks were profitable today - what happened?

[RealMalatesta]

Hi, I see that Bitcoin Cash and Bitcoin SV grew today a lot. Bitcoin SV gained 35% profit today and Bitcoin Cash 15%, what happened?
I didn´t find any information connected to the today´s growth, maybe insider trading?

Huge demand is been created for such forked coin and it is what is deriving the price onto the top. The prices are quickly moving up and perhaps it might be the outcome of higher promotion rate of such coins. I do not like such forked coins so I sell those as soon as I get those and are listed on any exchanges because I do not feel it beneficial for holding onto long time.

It indeed is giving profits to a lot of holders but the profit might not be constant. They might lose their earned profit as well as their capital by investing in such coins so it is never an better option for me at least. Bitcoin cash might be somewhat good that Bitcoin SV but I would never prefer anyone to invest in these coins if they are looking for long term profits.

[princecharles]

I also noticed the sharp increase. The increment rose to over 90% as at the Last time I checked yesterday. I believe this is another indicator that the bull run is fast approaching and it may come like a thief in the night. So we need to be watchful, fill up our bags and strategies for the next bull run.

[gensol]

Bitcoin mooned as well. Bitcoin forks most times are known to moon alongside it when it moons. Aside BSV, Bch had not much signicabt increment in price.

[FLHippy]

99% of the community here hates Faketoshi, so who is really buying BitcoinSV? Probably himself to show us how stupid we are? But at the end we will see who is really thickheaded.

[Ridwan Fauzi]

99% of the community here hates Faketoshi, so who is really buying BitcoinSV? Probably himself to show us how stupid we are? But at the end we will see who is really thickheaded.

I think there some whales who believe that he is the real Satoshi Nakamoto and spend their money to buy bsv.

And maybe the currently pump deliberately done because bitcoin will meet halving event so I could tell it as a trick to make many people believe that the real satoshi is him. Also I'm so curious what will happen when the halving event comes. Will the bitcoin price increase drastically and bsv price dump or otherwise.

[Bonwin]

I am not too concerned about BCH, but more of BSV, even though they are not too different from each other. I think Craig is determined to take Bitcoin SV to any length. I do nit believe in his claims, they are all means of deceiving people, most especially those who are easily carried away by mere gimmicks. Their profitability today and can a great loss tomorrow.

[jostorres]

Craig Wright had a court case about him keeping 1 million bitcoins that was suppose to be someone elses, he decided not to give it to that person and kept it so now he is sued about it, which in return somehow angered Craig (which is weird considering he was the one who stole it, not stolen from) and if court decides that he has to give it back, dude would be screwed a big time (one million bitcoin) so dude basically sold thousands upon thousands of bitcoin which actually stopped the bull run of bitcoin for a few days, then used that to buy as many BSV as he can because nobody can tell him to give BSV to someone else, so he bought his BSV as a safety and that increased its price.

Simple as that, nothing secret going on, these are all public record stuff that anyone can search and check the facts.

[letyouearn]

How long will it take everyone to understand how these markets work... There is no direct connection with some news and events and these pumps you are watching. Pumps are made by whales... who sometimes use news to amplify this pump.

[nicolas1979]

We will never find the truth information about movement but I think is just a bait. Many people connect with " Craig " but I believe not because of him, another whales take that news as first step to manipulate market. This time many news comes up but nothing about development program, just fake rumor. Market need good news from developer about coin progress and government about regulation, that's real news we need. Think twice to see BCH and BSV movement as market direction, stay calm and stay away from rumors.

[Thomas-s]

99% of the community here hates Faketoshi, so who is really buying BitcoinSV? Probably himself to show us how stupid we are? But at the end we will see who is really thickheaded.

well, 99 percent is a big number but 80 percent is for sure. and it is obvious that 20 percent of the entire cryptocurrency community simply can not so sharply raise the price of the coin. Of course, there is a chance that fakesatoshi found some kind of strong investor who invested money in it, but nevertheless, most likely this is ordinary manipulation with the aim of making even more money

[TheUltraElite]

99% of the community here hates Faketoshi,

I am stressing that bolded word. The community here is bigger than the BCH shills, I hope.

so who is really buying BitcoinSV?

The BCH shills? Or some other brain dead venture capitalist who wants to join the fray and make some quick returns with CSW/RV. Point is that these venture capitalists are not completely brain dead, even though I just said so. They will exit at a sudden moment and make the market crash too leaving the shills crying but CSW already knows about that because it was an NDA contract.

Probably himself to show us how stupid we are? But at the end we will see who is really thickheaded.

I dont think it is necessary. Those who know what bitcoin is the real bitcoin can jus continue telling the truth and nothing more. Those who want to go the other way, you can not stop them. Let them understand mistakes and come back.

[davinchi]

People do not really hate faketoshi, only when he does something flamboyant and gets our anger but aside from that, dude is basically someone we keep forgetting that he exists.

I mean think about it, before all of this started, did you really remembered he existed at all? He is just a guy who time to time comes up and says something seriously moronic (like sub80 IQ stuff) and then gets mocked and does something to anger us and after a while gets forgotten again.

So I assume he probably does all of this to keep people reminding himself in order to stay semi-famous, he is not known anywhere in the regular world of course but at least he gets some online fame from the crypto world when he does something, it could be hatred but at least it is an attention he doesn't deserve otherwise.

[Desscount]

talking about BCH and BSV ?, it seems like people will be trapped in BSV FOMO, the increase in ATH makes traders and investors feel confident about BSV, but in fact I think it's only FOMO