Bitcoin price Manipulation, the impact of Bitcoin SV. - page 2.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: hugeblack on December 06, 2018, 03:52:29 PM

I might be wrong but I think the main reason for all this manipulation is the result of the impact of BitcoinSV. I do not know what Craig Wright is doing, but his attempt to ruin BitcoinCash have worked.

The approach that the currency is different from the market "rises at any drop" and today most currencies lose against the profits of it "Bitcoin -2.90% BitcoinCash -13.74% BitcoinSV 16.40%".

24H-Volume is higher, and in the next few hours, it may outperform BitcoinCash "Market Cap: $2,015,757,716 to $1,777,644,354 ".

What do you think?

i think it's fairly obvious that craig wright and his cronies have been doing everything they can to dump ABC and pump SV. they've achieved a temporary flippening (like bcash over ETH), but momentum looks to be waning. the on-balance volume on BCHSV doesn't look very healthy. it looks like it'll collapse pretty hard after all this propping and pumping.

i believe the BTC crash was going to come either way. the only effect the bcash fork war had, if any, was to trigger it. $6000 just wasn't as strong as everyone thought.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

I do believe that the only reason for bitcoin drop below the major buy support at $6000 is BCHSV. be it their dump or only their FUD which led to a whale dump and then panic sell doesn't matter. what matters is that this shitcoin is the reason for the drop.

the subsequent drops however are because the market crashed and the bottom is not yet formed and the market is currently searching for that strong bottom and until it is found we may see the same weird thing happening.

as for the shitcoin itself they are pumping it by spending a lot of money and obviously when you open an exchange or coinmarketcap.com and see one green among the top coins that attracts some more investors (day traders) who want to join in this pump and make it bigger.
it is a good opportunity to make some money in short term like any other altcoin pump but people should be careful not to get caught in the dumping phase.

kumiskura

full member

Activity: 632

Merit: 122

Personally the main reason behind this manipulation is not only because of Bitcoin SV nor Bitcoin ABC, but instead, it is all because of those shitcoins.
we have more than 1000 coins or even 10.000 coins right now.
it is too big for our current investor to handle it all if right now it is only 10 coins on our total market. the price will not go this down because the distribution is very wide. and the manipulator won't have this kind of power to pump and dump the price.

thecodebear

hero member

Activity: 2240

Merit: 848

I wouldn't mind if that split just spells the end for both of them. That whole BCH community is so toxic. Pretending like BCH is Bitcoin and whatnot. Even the BCH developer who recently wrote an article about how BCH devs screwed their blockchain with bad choices in the wake of the split pretended that BSV is Bitcoin. I have a few BCH but I wouldn't mind losing that money and seeing both BCH offshoots shrink to nothing - and seeing that charlatan Ver lose much of his crypto riches would be hilarious, dude is a plague on the crypto space.

NeuroticFish

legendary

Activity: 3668

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Quote from: hugeblack on December 06, 2018, 03:52:29 PM

What do you think?

From my point of view the market shows clearly that all of the 3 are the same sh*t now and the 2 new coins are half of what BCH was just before the fork.

Comparing the growth or fall in the last 24h may not be really relevant, however, all the 3 are around the same valuation against Bitcoin:

Bitcoincash BCH 0.03298927

Bitcoincashabc BCHABC 0.03123039

Bitcoincashsv BCHSV 0.02757730

And since BCH was around 0.06 BTC before the fork, it's pretty close to current BCHABC + BCHSV.

hugeblack

legendary

Activity: 2702

Merit: 4002

I might be wrong but I think the main reason for all this manipulation is the result of the impact of BitcoinSV. I do not know what Craig Wright is doing, but his attempt to ruin BitcoinCash have worked.

The approach that the currency is different from the market "rises at any drop" and today most currencies lose against the profits of it "Bitcoin -2.90% BitcoinCash -13.74% BitcoinSV 16.40%".

24H-Volume is higher, and in the next few hours, it may outperform BitcoinCash "Market Cap: $2,015,757,716 to $1,777,644,354 ".

What do you think?

Topic: Bitcoin price Manipulation, the impact of Bitcoin SV. - page 2. (Read 498 times)