Data Shows Why Bitcoin SV’s 163% Rally in a Week Won’t Last

[makishart]

Even if there is no data, it is not usual for a coin like BSV to increase %450 in a few days without any innovation.

the short time investment can give good return but it depends on entire and existing levels.

I guess you misunderstood the content and BSV. The lifetime of the pumped price will not be long.

This article is really worth to read and what all happened with BSV is totally wash trading

https://beincrypto.com/bitcoin-sv-short-soon-most-profitable-opportunity-2020/

that's possible to make it even increase more than 1000% if this wash trading will always be continue.

[Kasabus]

Actually I don't to spend time checking the price movement because I already believe that it's due to the manipulation only.

just like what happen last year, BSV pump but afterwards it dump again, that makes this market so exciting and at the same time so dangerous, so everyone needs to fully understand on how manipulation is happening in the market especially on coin that is back by a person with bad reputation.

[Jating]

There is still good trading volumes for BSV and after fall down 26% yesterday, the BSV trading volume is around 460,000 bitcoins for 24 house and it will give more pumps to BSV coin, maybe we have to understand the situations and get the benefits if BSV got 99.4% of trading volume from unknown sources also no problem, the short time investment can give good return but it depends on entire and existing levels.

[.. snip ..]

Good for them to continue their pump. But then again it is clearly wash trading and all evidence are pointing to manipulation. I haven't check the price today, not interested, but as what others have been saying, this can't go on for a long term.

It will go down when players decided to take home their profits and finished the whole drama of pump and dump on BSV.

[Ferris419]

This was very predictable! The recent growth of BSV is insane and totally unstable! Whoever joined in the hype and bought BSV to get a good profit in a short time, they should take the profit and get out! Otherwise, the fall down will be huge and that can get rekt for the investors! This is why expert says don't jump in a hype pond, the result won't be good maximum time!

[NathanJB]

It is time people need to learn about the project of the coin they are investing. They should not just invest in a coin just because there is Bitcoin in it. They should consider what the coin or the project really contribute. If they do this to Bitcoin SV, they will easily realize that the coin is nothing but a mere fake Bitcoin just like their founder is a fake Satoshi.

That rally was in fact questionable and dubious from the very beginning.

[uray]

Good for them to continue their pump. But then again it is clearly wash trading and all evidence are pointing to manipulation. I haven't check the price today, not interested, but as what others have been saying, this can't go on for a long term.

How can you point a price rally as wash trading and it is not the only coin that moved the rest of the market was also rallying and Dash was also moving higher, if we pin point those it will affect our market too as the bankers can shout foul play at the bitcoin market when there is a rally. So it is better to support the crypto market together without accusing each other rather than shouting at them.

[SquallLeonhart]

Everyone knew this, nobody was assuming BSV will continue to rise and beat all other coins and become top coin, that is not going to happen and only the propaganda puppets were talking about it (or morons). BSV has so little volume that if you decide to sell over a million dollars worth of BSV right now, you would literally drop the price to less than 50 dollars, is that the type of coin you would like to really support? Nobody would support a coin like that.

However, with the same logic if you bought one million dollars worth of BSV this is exactly what happens and that is why many people believed the increase was a real one whereas it was a really fake and badly done one at that. I give it about one month before it goes back to being a low level coin once again.

[South Park]

Looks like an excellent opportunity to short.

BSV has just been knocked back out of fourth position by BCH, and will probably get taken over by Tether again soon.

I've just opened a short with 10x leverage on Delta Exchange, I'm pretty sure that BSV will fall back under $250 within 2 weeks.

While I have no doubts that the coin is being manipulated at the same time I think that what you did was risky, first of all you are using a lot of leverage and that can be a very dangerous proposition and second as we know that coin is being manipulated, even if you are right and the price of that coin should eventually go down to levels below 250 dollars at the same time there is the possibility there will be a spike in the price and it reaches a new ATH before crashing once and for all, and that will make you lose a lot of money even if you were right on your prediction.