The drop is reasonable because the coin was manipulated a couple of days back right after Craig admitted to the court demand.
After that manipulation and with this kind of news, the drop is not even big. Yet.
What comes next?
The coin will precisely vaporize if Craig cant provide genuine evidence.Actually I won't be surprised if CSW would pull out of the hat another "evidence", maybe after the lawsuit ends. It's the way he operated in the last few years, I don't expect him to stop.
Expect another stunt on the way. He will put up another drama that will make people talk about BSV.
His game is not yet over but he is a real shame in crypto.
People do not believe him anymore but they keep on jumping the bandwagon to make profit out of it.
Manipulation and FOMO has combined.
Why people still believe in Bitcoin SV?
They don't believe in it but they have bought at the top thinking that they'll ever make money out of it. But it seems that they are the ones that trapped inside of it and has no choice but to cut their losses.Exactly! With all the lies that he had been throwing to the community, I don't think people are believing his stunts anymore.
Most of them are involved in BSV hoping that they will make good profit out of it.
But I don't think, they believe BSV to be a usable alt and have a long term value in it.
