BSV goes up by 50% in 24 hours, bull trap?

[dragonvslinux]

Already referenced this elsewhere, but looks like a short to me on smaller time-frames 

I think BSVBTC could work out a nice short trade on a shorter time-frame. After a 100% gain in a day, I don't see much more upside, only Craig & co dumping bags:



Could be wrong, but worth the risk reward in my opinion. Completely overbought, though conflicting indicators as Bitfinex shows heavy selling pressure from a ridiculous wick to 0.24 btc, whereas Bittrex and others shows strong buying pressure (as there wasn't much of a sell off).

Entry: break of Agressive 13 sequential count.
Stop: high of the 9 candle
Profit: base of the rally

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[Adriano2010]

Is just a manipulation and also a bit of pump some who have interest to grow this coin and also they want to get some much if they sell their coins but this is not the real bitcoin never ever.

[suzanne5223]

recently BSV market has seen a huge developments , increase of 48.8% within 24 hours.
what to do you think? will it touch $275.00 in next 48 hours?.

If I'm correct. This will be the second thread opened where the recent uptrend in price of BSV was communicated on this forum and I'm still surprise the whole thing people focus the most making more money and forget the fact that the uptrend of a coin doesnt make it a better investment.
Wake up people and dont be blame by Craig and Roger lies.

[magneto]

recently BSV market has seen a huge developments , increase of 48.8% within 24 hours.
what to do you think? will it touch $275.00 in next 48 hours?.

I've honestly never seen manipulation of a coin this large in scale.

The pump seems to solely be based off of the information that CSW has been providing to his supporters, and that is enough to drive the markets completely nuts it seems.

I don't even think that the pump is 100% organic in the sense that it's likely fueled by a lot of short squeezes as well as leveraged positions from speculators that would otherwise want nothing to do with BSV.

A correction is imminent. There is no way around it.

[ballerin and giroud]

recently BSV market has seen a huge developments , increase of 48.8% within 24 hours.
what to do you think? will it touch $275.00 in next 48 hours?.

Now its price has passed the bitcoin cash price, and it is really impressive since the all time high before just touch $250. I don't know this is bull trap or not but the trader or its inveator should be careful about it. Just supprised with this movement price since there is no fundamental information especially from CS as its creator.  Seem like the cryptocurrencies price will touch another all time high not just for BSV only.

[DGulari]

Is just a manipulation and also a bit of pump some who have interest to grow this coin and also they want to get some much if they sell their coins but this is not the real bitcoin never ever.

It's clearly only manipulation from those who think and believe rumour about CSW would unlocked the 1.1 million of bitcoins. This is clearly fake pump and soon it will be falling back to their price before (this shouldn't stay longer imo)

[carlfebz2]

recently BSV market has seen a huge developments , increase of 48.8% within 24 hours.
what to do you think? will it touch $275.00 in next 48 hours?.

If I'm correct. This will be the second thread opened where the recent uptrend in price of BSV was communicated on this forum and I'm still surprise the whole thing people focus the most making more money and forget the fact that the uptrend of a coin doesnt make it a better investment.
Wake up people and dont be blame by Craig and Roger lies.

People wont care if its been tagged with horrible history or been frowned upon by the community as long we can make profits
then personal negative views and insights would be disregarded.

This doesn't only talk with BSV but also BCH do have currently 22% in increase.Why? We cant stop people not to buy specially
the market is hyping or totally a new start of bull run.Its just a matter of choice and risk taking.

[adaseb]

recently BSV market has seen a huge developments , increase of 48.8% within 24 hours.
what to do you think? will it touch $275.00 in next 48 hours?.

Now its price has passed the bitcoin cash price, and it is really impressive since the all time high before just touch $250. I don't know this is bull trap or not but the trader or its inveator should be careful about it. Just supprised with this movement price since there is no fundamental information especially from CS as its creator.  Seem like the cryptocurrencies price will touch another all time high not just for BSV only.

Yes it surpassed Bitcoin Cash price however it needs to sustain it. Most likely if there is no positive developements on Feb 3rd, it will come crashing down to the ~$100 area or even lower.

This coin is purely news driven and very illiquid. Basically this is what used to happen with Bitcoin Cash and Bitcoin during the 2017 days. BCH would get pumped and BTC would dump when they were competing with each other against hashrate ways, difficulties and long block times.

In the end obviously BTC won and you couldn't kill it.

[Ucy]

Question is, is the increase due to increase in real users, increase in real investment inflow, due to the usefulness of the coin or is price being deliberately manipulated? How many real users are on the network, by the way? Hundreds, thousands, millions? And how decentralized is the coin. Looks like everything is centered around a single individual/stakeholder.

I think these are part of what determine the actual value of a cryptocurrency project and not the price. The price factor need to be organic else it should be ignored.

[samuraijin]

if seen today the BSV had touched above 100%, I want to really know about the pump they do it, still curious about how much money they have, so they continue to buy BSV increase trading volume, I'm sure everyone waits until now waiting for BSV really exploded and then it will fall, make a lot of people lose money, then they come whining to this forum asking "why is there a dump on BSV?", whereas we have warned it is far from before

[iv4n]

Dash did the same thing, from 40 to 115 dollars! When I woke up this morning I was surprised, I still am, something crazy happened overnight. I don't know about bsv, I don't have many bsv coins, but dash is interesting and I have some nice amount, I am thinking to sell now, is this a temporary rise? Or we can expect further rise?
Like always we need to play smart, after such rise I will dump 50% of my dash, minimum! If it rise more I will have what to sell, if it drops back from this point I will have money for rebuying.

[novaprime]

Dash did the same thing, from 40 to 115 dollars! When I woke up this morning I was surprised, I still am, something crazy happened overnight. I don't know about bsv, I don't have many bsv coins, but dash is interesting and I have some nice amount, I am thinking to sell now, is this a temporary rise? Or we can expect further rise?
Like always we need to play smart, after such rise I will dump 50% of my dash, minimum! If it rise more I will have what to sell, if it drops back from this point I will have money for rebuying.

I very fortunate to have chosen DASH long-term investment and today is really the day that all long-term investors feel very profitable. In my opinion, both BSV and DASH coins have a very surprising growth and this will definitely make the psychology of investors feel better. I don't know much about the growth of BSV but this coin usually increases by more than 100% in just a few hours.

However, you should be more careful because after the bull period, these coins will have a big adjustment and it is best to sell them all to ensure profit.

[BigBos]

for those who think that the increase in the price of Bitcoin SV is a bull trap, it looks like they have wasted their chance to get a big profit. whatever your opinion of the increase that occurs, it seems like only those who dare to take risks can make a profit from this. for me, it seems like I need to pay attention to the fluctuations that occur in BCH. yeah, since the first time BCH has always provided a fairly high price increase.

[Gheka]

for those who think that the increase in the price of Bitcoin SV is a bull trap, it looks like they have wasted their chance to get a big profit. whatever your opinion of the increase that occurs, it seems like only those who dare to take risks can make a profit from this. for me, it seems like I need to pay attention to the fluctuations that occur in BCH. yeah, since the first time BCH has always provided a fairly high price increase.

But you should know that opportunities in the crypto market are an indispensable thing, ignoring this opportunity, we will have other opportunities in a similar time period, but if we fall into a bull trap, the chances of us coming back are very low when the amount we can lose is almost entirely the amount we invest. With such a level of risk, regardless of whether the profit is large or not, we should still be in doubt and not involved when we are not a big investor, we will not have enough money to play in a battle of manipulators.

[onyek16M]

recently BSV market has seen a huge developments , increase of 48.8% within 24 hours.
what to do you think? will it touch $275.00 in next 48 hours?.

i have been observe the BSV for the one week ago, and this coin indeed show good alerts. yesterday it increase almost till $30 in few hours and today i see the price in the market $345 so delicious to trade in short term because in my opinion it very profitable, i have not observe for long time yet so i can not decide that BSV good for investment or not

[dragonvslinux]

Already referenced this elsewhere, but looks like a short to me on smaller time-frames 

I think BSVBTC could work out a nice short trade on a shorter time-frame. After a 100% gain in a day, I don't see much more upside, only Craig & co dumping bags:



Could be wrong, but worth the risk reward in my opinion. Completely overbought, though conflicting indicators as Bitfinex shows heavy selling pressure from a ridiculous wick to 0.24 btc, whereas Bittrex and others shows strong buying pressure (as there wasn't much of a sell off).

Entry: break of Agressive 13 sequential count.
Stop: high of the 9 candle
Profit: base of the rally

Patience is a virtue   

[BChydro]

Must be by mistake. The price today spike up to 90% and no signs up going down yet.
But It must be dumped before Feb 3, CW has to prove he has the BTC since the court asked him to prove he has the BTC in control to prove he is satoshi. If he can't prove this, he'd be proven fake finally.

The price started rallying because of the rumors that CSW got the courier from the Tulip trust as he was claiming and it is said that he got the private keys to the initial millions of coins that were mined and on getting those news the price started rallying and if he is not able to produce these things then the bubble will burst for good, just a few more days and lets see how this drama unfolds.

[ajiz138]

it's too early to say that rising BSV prices are a trap. Come on, this is normal and can happen to any altcoins, projects that have been said to be scam if you have strong investors and support will happen like the current phenomenon of BSV, BCH Vs BSV is interesting at the beginning of January 2020. Yes, even though BSV has said a lot of traps, won't we enjoy it by taking part in trading and taking a little profit?

[ashmodeus]

well, i guess party is over, watching since beginning and now , BSV seems hold 4th place , create a new ATH yesterday at $441 and may i can ask ?
did this pump happen because craig vs kleiman court case ?
according to news i read :"The catalyst for the sudden move appears to be the spreading rumor that Wright has now received the final part of the private key that will unlock the original cache of more than one million Bitcoin mined in the cryptocurrency’s infancy."
any thoughts ?

[mdzahed134]

BSV already kicking down EOS, LTC, USDT in top 10 because of this pump, and hit the ATH today. lets see where BSV goes.

It’s just in the last 24 hours and now BSV is top 5 coin and before a lot of times it’s happened. For this vive you will never think BSV permanently kick out Tether, Litecoin and EOS. We know that BSV and BCH are looking bubble but they dominate a lot of times i sold out BSV after Binance delist when big price crashed. BSV already start go down i think it will touched in the below 200$. Yeah absolutely it’s a trap i think.