Topic: Data Shows Why Bitcoin SV’s 163% Rally in a Week Won’t Last - page 2. (Read 324 times)
It's easier to pump a coin that nobody owns or cares. Traders don't have established positions. The game is played over and over. Bitcoin SV might flat-line in USD value after this, but it will most definitely drop in BTC value. It is a crypto manipulation at best description, followed by massive FOMO. It's market is extremely bullish right now by Whales activity. That combined with the fact that there’s a lot more money in the market because of closing to Bitcoin halvening, I think we’ll keep seeing other coins pump massively.
Whole Market is manipulated including bitcoin.
You can say that. But the level of manipulation varies from coin to coin. I would say that it is extremely difficult to manipulate the exchange rate of a currency such as Bitcoin, which is being traded across hundreds of exchanges and having a market capitalization of more than $150 billion. But it is definitely possible with BSV, which has a market cap of only around $5 billion and traded in a few dozen smaller exchanges.
Whole Market is manipulated including bitcoin.
we know about this, but bsv is entirely on a different level of manipulation. the other markets get manipulated because it is part of the cycle, it happens when traders are making a strategy to pressure or relieve the market to make a profit, while in bsv the manipulation happens whenever craig do something. to put it bluntly, bsv can be considered as his personal asset, do you think something like this can sustain? people will get sick of it because there is no natural growth that will happen with it. 
How did happened that 99.4% of trading Volumes comes from unidentified exchange and how can it possible? maybe there is a issue to getting data from crypto exchange? anyway the bitcoin sv as consider most risky coin for invest from some crypto experts and bitcoin sv is getting ready to downfall now so better to exist who are already in profits now.
this is possible if the coin is very centralized and everything is in the hands of one person. thus, such a person can very easily manipulate both price and volumes, and Bitcoin CV is such a coin in which one person controls everything and that is why it is very risky. If you like risks then you can make very good money on moving of the price of this coin, but if you do not want to lose your money, then it’s better not to avoid this coin
How did happened that 99.4% of trading Volumes comes from unidentified exchange and how can it possible? maybe there is a issue to getting data from crypto exchange? anyway the bitcoin sv as consider most risky coin for invest from some crypto experts and bitcoin sv is getting ready to downfall now so better to exist who are already in profits now.
It's possible if there's a manipulation. There are a lot of mid-to-small tier exchanges out there, and its hard to trace what's going on that platform (fake volume, wash trading), so there's a possibility that some manipulators are using it to push the price of BSV.
But it looks like it is already down, the price is around $288.46, from ATH of $438.61 just last Tuesday.
How did happened that 99.4% of trading Volumes comes from unidentified exchange and how can it possible? maybe there is a issue to getting data from crypto exchange? anyway the bitcoin sv as consider most risky coin for invest from some crypto experts and bitcoin sv is getting ready to downfall now so better to exist who are already in profits now.
This is what I have been saying all along, that kind of spike is not sustainable in the long run.
I don't have the data, but thanks to this news, it clearly shows that someone is manipulating the price to their advantage. No wonder that in the last couple of days, the price suddenly went on an upward trend without any fundamental reasons behind expect manipulative action from whales colluding with each other.
I don't have the data, but thanks to this news, it clearly shows that someone is manipulating the price to their advantage. No wonder that in the last couple of days, the price suddenly went on an upward trend without any fundamental reasons behind expect manipulative action from whales colluding with each other.
Quote
These parabolic gains appear to have been driven by strikingly low trading volume from reputable exchanges, signaling that this recent rally could be pure market manipulation driven by market making algorithms that engaged in wash trading to propel the crypto’s price.
Nicholas Merten, a popular cryptocurrency analyst and the founder of the popular YouTube channel DataDash, spoke about this in a recent tweet, noting that the vast majority of Bitcoin SV’s recent volume has originated from no-name exchanges.
“Ignore the price moves of BSV. Only $35.6M of volume is from exchanges open to US traders. The other 99.4% of daily volume is made up of mainly no-name exchanges and known wash trading exchanges that still deceive this space. They can basically dictate a false price,” he noted.
Nicholas Merten, a popular cryptocurrency analyst and the founder of the popular YouTube channel DataDash, spoke about this in a recent tweet, noting that the vast majority of Bitcoin SV’s recent volume has originated from no-name exchanges.
“Ignore the price moves of BSV. Only $35.6M of volume is from exchanges open to US traders. The other 99.4% of daily volume is made up of mainly no-name exchanges and known wash trading exchanges that still deceive this space. They can basically dictate a false price,” he noted.
https://www.newsbtc.com/2020/01/15/data-shows-why-bitcoin-svs-163-rally-in-a-week-wont-last/
Well it does make sense, we don't need to be a rocket scientist to see that some manipulation from behind is happening on BSV. And just look at today current slump, almost 25% now and counting. I do hope that those who investors who did join the hype should get out by now in order to realised their gains from this manipulations.
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