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

[BTCGOLD]

With such large price increases, many speculators appear near the coin. It is possible that positive situation will also attract new investors. I think that for the whole market it would be good if the BSV price increased all the time, because it would improve everyone's mood. Let's hope that such positive increases will last as long as possible.

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[hulla]

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?

BSV situation is total different due all the impersonation and drama caused by Craig from the early days of BSV creation till now and the reason why the current surge is bull trap is because Craig admit to the court orders but i dont know why some investors are always after rofit cause he's yet to provide any evidence.

[captaindz]

Real Bitcoin will crash all fake bitcoin forks.

[Kasabus]

Real Bitcoin will crash all fake bitcoin forks.

In the long run maybe, but let's just give these forks some enjoyment now as all of them are just total hype created by CSW.
BSV did dump, then what? I am not expecting again it will stay at this level, for sure that will dump again and in fact it has already started.

bsv negative 19% now https://coinmarketcap.com/currencies/bitcoin-sv/markets/

[alan2here]

With such large price increases, many speculators appear near the coin. It is possible that positive situation will also attract new investors. I think that for the whole market it would be good if the BSV price increased all the time, because it would improve everyone's mood. Let's hope that such positive increases will last as long as possible.

Certainly this is not possible because BSV prices usually only increase in a short time and will adjust in a very long time, so if you choose to invest now, the risk will be great. I think instead of investing in BSV you should look for a coin that can increase in the near future because there are currently hundreds of good options for you. Of course, I not sure what will happen next because the market is often very unpredictable.

For me, profit is most important when investing and I often stay away from coins that have gone up in price because of course you will be very hard to make good profits from that coin.

[uray]

With such large price increases, many speculators appear near the coin. It is possible that positive situation will also attract new investors. I think that for the whole market it would be good if the BSV price increased all the time, because it would improve everyone's mood. Let's hope that such positive increases will last as long as possible.

The market rallied in a short period of time and it is quite obvious that the market will go down as well as there will be a lot of selling pressure and that is what we are seeing now, the market performed when it was going higher and when the market is having a slight correction the BSV market is the biggest looser and it went below BCH once again.

[adroitful_one]

With such large price increases, many speculators appear near the coin. It is possible that positive situation will also attract new investors. I think that for the whole market it would be good if the BSV price increased all the time, because it would improve everyone's mood. Let's hope that such positive increases will last as long as possible.

The problem is, most of the investors got in when all of the hype was surrounding it and it was skyrocketing yesterday. They're going to lose confidence in the project whenever they end up dumping the coin for 50% losses. It probably attracted new investors I'm sure, but I don't think many of them at all are still holding the coin after today. It would be hard for me to not dump something if I lost a good percent of it in a short period of time. Sure, they shouldn't have invested during this pump, but many of them don't know any better.

[iv4n]

With such large price increases, many speculators appear near the coin. It is possible that positive situation will also attract new investors. I think that for the whole market it would be good if the BSV price increased all the time, because it would improve everyone's mood. Let's hope that such positive increases will last as long as possible.

The problem is, most of the investors got in when all of the hype was surrounding it and it was skyrocketing yesterday. They're going to lose confidence in the project whenever they end up dumping the coin for 50% losses. It probably attracted new investors I'm sure, but I don't think many of them at all are still holding the coin after today. It would be hard for me to not dump something if I lost a good percent of it in a short period of time. Sure, they shouldn't have invested during this pump, but many of them don't know any better.

Every big rise, similar to bsv and dash rise in the last couple days, is a possible bull trap. Bull trap is the ones tho get too late, and there are many people who get in late, simply because they start with buying too late, when price already raised a lot! I don't have bsv, but I have dash, and I follow situation about dash more closely, and I am waiting for my exit point, after every bull run there is some drop, big or low, it comes, so people should be ready for that.

[Linkkoin]

And the dump began!

[Yamifoud]

It certainly you are not wrong mate, the current surge of BSV price is totally a fool.
Try to look at this https://www.newsbtc.com/2020/01/16/bitcoin-sv-crashes-30-as-hype-fades-can-bulls-save-bsvs-price/

The 50% up is already been done and BSV crashes back home. That is the power of whales trying to catch their prey again. So we have to be careful in choosing coins for trades, a single mistake we might commit will always suffer consequences that we always been remembered.

[criket]

It certainly you are not wrong mate, the current surge of BSV price is totally a fool.
Try to look at this https://www.newsbtc.com/2020/01/16/bitcoin-sv-crashes-30-as-hype-fades-can-bulls-save-bsvs-price/

The 50% up is already been done and BSV crashes back home. That is the power of whales trying to catch their prey again. So we have to be careful in choosing coins for trades, a single mistake we might commit will always suffer consequences that we always been remembered.

there are always traps played by whales on the market. some assets that do not yet have a strong market will certainly quickly decline. I have never believed in a pump that just happened without the news of an update that could strengthen the price of coins on the market. many people will get caught up in games like this if they're not careful.

[Spaffin]

It certainly you are not wrong mate, the current surge of BSV price is totally a fool.
Try to look at this https://www.newsbtc.com/2020/01/16/bitcoin-sv-crashes-30-as-hype-fades-can-bulls-save-bsvs-price/

The 50% up is already been done and BSV crashes back home. That is the power of whales trying to catch their prey again. So we have to be careful in choosing coins for trades, a single mistake we might commit will always suffer consequences that we always been remembered.

there are always traps played by whales on the market. some assets that do not yet have a strong market will certainly quickly decline. I have never believed in a pump that just happened without the news of an update that could strengthen the price of coins on the market. many people will get caught up in games like this if they're not careful.

Since Craig supports Bitcoin sv, it is likely that the growth of this altcoin was primarily due to the news that Craig has access to Satoshi Nakamoto's Bitcoin wallets.  These news are very actively discussed in specialized social networks, but nevertheless, everyone expects some movements of bitcoins in these wallets, which will be clear evidence that these actions are carried out by Satoshi Nakamoto.  Nevertheless, I believe that in relation to the price increase Bitcoin SV is a real manipulation and every user who is tempted by this coin should carefully consider all the risks.

[darewaller]

Yeah, I have been using a shared masternode thing for dash as well and I just got out, I think it will go down a bit more later in the week or this month so I can buy more and get a bigger share hopefully, this is just too good to not sell. I think there has been MANY altcoins that went up lately so its not weird about just BSV and its generally just all altcoins.

We have really missed the altcoin party, it has been soooo long since the last time alts went up this much, plus we are seeing bitcoin go up at the same time as well. The last time both alts and bitcoin all went up, we ended up with that 20k peak times, I don't want to jinx it by saying this but I feel like we are actually going up to a new records as well, probably won't be that quick but hopefully we can reach a new ATH in at least few coins.

[Sterbens]

With such large price increases, many speculators appear near the coin. It is possible that positive situation will also attract new investors. I think that for the whole market it would be good if the BSV price increased all the time, because it would improve everyone's mood. Let's hope that such positive increases will last as long as possible.

The problem is, most of the investors got in when all of the hype was surrounding it and it was skyrocketing yesterday. They're going to lose confidence in the project whenever they end up dumping the coin for 50% losses. It probably attracted new investors I'm sure, but I don't think many of them at all are still holding the coin after today. It would be hard for me to not dump something if I lost a good percent of it in a short period of time. Sure, they shouldn't have invested during this pump, but many of them don't know any better.

Every big rise, similar to bsv and dash rise in the last couple days, is a possible bull trap. Bull trap is the ones tho get too late, and there are many people who get in late, simply because they start with buying too late, when price already raised a lot! I don't have bsv, but I have dash, and I follow situation about dash more closely, and I am waiting for my exit point, after every bull run there is some drop, big or low, it comes, so people should be ready for that.

The current dump for BSV means that the fortress wall is gone and there may have been many trapped by the decline because there must be someone buying at a high price, even I have no influence at all with this BSV increase because in my opinion this will not be long and right now a dump may be in the next few days will be even worse in its decline.