Topic: Did fear cause that sharp dump? (Read 4193 times)
Craig W. controversial claim was to cause another distraction and has nothing to do with price, though he threaten he could dump the price with size of bitcoin with him. I hope he pays dearly for it even if he cant hand over half of the bitcoin in his possession has ordered by the court, which he also claimed worth $6b. I guess at that point he had to reconsider dropping the claim.
Fear has a big role of every dump but not only this Craig drama cause the Fear but also the big whales dumping manipulation will cause lot of Fear for the crypto users. The people will not be afraid of any market event as long as the market is not bleeding.
Whales can partially move the market to one direction or the other.
The dump is enforced totally by fear which is fueled by FUD.
Every time investors see a red market they start to lose and they don't consider their initial stop losses.
How it feels bad when we all are in fear and everyone gets in panic. Basically, it will give a huge impact on the market price and obviously it dragging down the price deeply. I'd think this is all controllable and I know we don't want to see the market going down.
The future of crypto is likely depending on us. We would like to see bull run but somehow some of us are holding it up because of their fear and doubts. They only make their self as a hindrance of their success instead, we keep positive and never let been controlled by our emotions.
I have always said, fear doesn't "cause" the drop, there is a drop and because of that drop people get afraid and panic sell and then price continues to drop. So what we have in our hands is that yes fear does cause price to fall but only after it already starts to drop, which means it doesn't "cause" the drop but it just encourages further drop. The future of crypto is likely depending on us. We would like to see bull run but somehow some of us are holding it up because of their fear and doubts. They only make their self as a hindrance of their success instead, we keep positive and never let been controlled by our emotions.
Nobody really understands what fear does or what panic sell is, I see bitcoin price sometimes go down and everyone calls out panic sellers, well yeah some people saw price go down and got scared and sold their coins but what happened that made the price go down and made them scared about it, we should focus on those early reasons not the later furthering of the issue. For some reason those first causes always get away with it and all the blame stays on panic sellers.
Well surely fear have a huge play for every dump we all know that there are some people who couldn't control their emotions when it comes to trading.
And most of the time their fear would eat them up and this could be the reason of almost every dump,
I mean who doesn't want to secure their money if they think that it would be in a risky spot?
We live that fear even before and we can't bring it out from us. It is a normal feeling especially when you're not confident with the market. This how it feels when I'd start in crypto, all the fears and worries will waking you up when you hear bad news. But that's all about before, we are in the maturity which we know exactly how crypto works and not just fear could help us to become profitable instead, we must have to conquer such feelings.And most of the time their fear would eat them up and this could be the reason of almost every dump,
I mean who doesn't want to secure their money if they think that it would be in a risky spot?
The future of crypto is likely depending on us. We would like to see bull run but somehow some of us are holding it up because of their fear and doubts. They only make their self as a hindrance of their success instead, we keep positive and never let been controlled by our emotions.
Sometimes it hurts our economy that we know what bitcoin is capable of doing. I mean we have seen the 20k but I have seen the 3k as well that came after that which means I know what bitcoin do in the big hype bull runs but I also know what it can do when it goes down as well. If you only focus on the hype part of bitcoin than you will not be making any profit during the bear run.
You should always be careful with bitcoin and if you are not than you may end up in the bear run with a whole lot of bags in your hands. That is why I learned to always put up a stop loss in my trades, I may buy bitcoin but if it looks like its dropping than I am out, I am not gonna be one of those people who will wait months until they are back in profit once again.
You should always be careful with bitcoin and if you are not than you may end up in the bear run with a whole lot of bags in your hands. That is why I learned to always put up a stop loss in my trades, I may buy bitcoin but if it looks like its dropping than I am out, I am not gonna be one of those people who will wait months until they are back in profit once again.
Fear has a bit of relation with the price, back when bitcoin went from 6.5k (back before November 15th 2018) people were really expecting price to go back up to over 10k, it was really a time when everyone was looking at charts and talking with each other and nobody really saw any reason for bitcoin to go down.
However, after that Craig Wright sold a bunch of coins (thousands) however it just dropped it to around 5.6k or just a bit under, it was certainly over 5k when he sold it, yet when the price went down like that everyone got super scared and we all know what happened next, just because one guy sold thousands, price rippled and and went down even more because of the scared people. So it doesn't cause the price to drop at first however it does become a bigger deal if there is already a falling going on.
However, after that Craig Wright sold a bunch of coins (thousands) however it just dropped it to around 5.6k or just a bit under, it was certainly over 5k when he sold it, yet when the price went down like that everyone got super scared and we all know what happened next, just because one guy sold thousands, price rippled and and went down even more because of the scared people. So it doesn't cause the price to drop at first however it does become a bigger deal if there is already a falling going on.
Well surely fear have a huge play for every dump we all know that there are some people who couldn't control their emotions when it comes to trading.
And most of the time their fear would eat them up and this could be the reason of almost every dump,
I mean who doesn't want to secure their money if they think that it would be in a risky spot?
We live that fear even before and we can't bring it out from us. It is a normal feeling especially when you're not confident with the market. This how it feels when I'd start in crypto, all the fears and worries will waking you up when you hear bad news. But that's all about before, we are in the maturity which we know exactly how crypto works and not just fear could help us to become profitable instead, we must have to conquer such feelings. And most of the time their fear would eat them up and this could be the reason of almost every dump,
I mean who doesn't want to secure their money if they think that it would be in a risky spot?
Well surely fear have a huge play for every dump we all know that there are some people who couldn't control their emotions when it comes to trading.
And most of the time their fear would eat them up and this could be the reason of almost every dump,
I mean who doesn't want to secure their money if they think that it would be in a risky spot?
And most of the time their fear would eat them up and this could be the reason of almost every dump,
I mean who doesn't want to secure their money if they think that it would be in a risky spot?
We believe that Bitcoin only has that recovery rate, we already saw that potentiality before that is why people are still giving their strong support even the price goes down dipper. But we can't deny also some newbies aren't that strong to hold in times of crisis knowing that they still in doubts of Bitcoin's capability and also with the market. With those instances, it contributed declining in price.
We were once like those newbies too before until we saw what bitcoin could do with our own clear eyes and that experience has still not left our picture which is why you see many investor now keep putting money into bitcoin, because they know the regret that they had then when they had chance to buy bitcoin and din buy it. Most crashing that you see is probably newbies just dumping those coins out of fear because existing investors has seen too much, they have heard too much to be decided easily by these people that like to carry negative news because of their own personal interests. Though we still have old investors that are not also string emotionally and those are the ones that use to panic sell anytime there is a bad news about cryptocurrency.
Exactly, we were all once newbies and didn't know how to cope with Bitcoin. Fear and panic are never good for market and newbies often react exactly like that. And there will always be newbies in the market.
Still I don't think that their fear and panic could just crash the market but this is usuually.domino effect that pulls some more experienced investors too. So it's always a combination of multiple factors.
We believe that Bitcoin only has that recovery rate, we already saw that potentiality before that is why people are still giving their strong support even the price goes down dipper. But we can't deny also some newbies aren't that strong to hold in times of crisis knowing that they still in doubts of Bitcoin's capability and also with the market. With those instances, it contributed declining in price.
We were once like those newbies too before until we saw what bitcoin could do with our own clear eyes and that experience has still not left our picture which is why you see many investor now keep putting money into bitcoin, because they know the regret that they had then when they had chance to buy bitcoin and din buy it. Most crashing that you see is probably newbies just dumping those coins out of fear because existing investors has seen too much, they have heard too much to be decided easily by these people that like to carry negative news because of their own personal interests. Though we still have old investors that are not also string emotionally and those are the ones that use to panic sell anytime there is a bad news about cryptocurrency.
Exactly, we were all once newbies and didn't know how to cope with Bitcoin. Fear and panic are never good for market and newbies often react exactly like that. And there will always be newbies in the market.
Still I don't think that their fear and panic could just crash the market but this is usuually.domino effect that pulls some more experienced investors too. So it's always a combination of multiple factors.
You cant see bitcoin recovered so fast just like before. Im thinking that bitcoin already had a stable bottom price which is 9000$.
We can only allude to that because it is not a bullish year for bitcoin because bitcoin is the fastest recovering coin. In 2017, it was proven when price dropped from $7,500 to around $5,000 and the recovery rate was very fast .
When I see any big dump, I just know that the whales are the ones in work and it does not bother me because I am already use to it, and one thing I know is that they cannot continue to play the game for life, a time will come that their reign will expire and they will no longer be able to manipulate the cryptocurrency market again when we have had some level of stability.
You cant see bitcoin recovered so fast just like before. Im thinking that bitcoin already had a stable bottom price which is 9000$.
We can only allude to that because it is not a bullish year for bitcoin because bitcoin is the fastest recovering coin. In 2017, it was proven when price dropped from $7,500 to around $5,000 and the recovery rate was very fast .
Price was under $10k, now it`s over, for people who trade this must be great times, the price makes these nice fluctuations for them. I don`t think that fear has anything with a price drop, it`s just current market conditions, supply & demand in the specific time. It`s why we have volatility, a market that never sleeps with more and more players, their actions dictate the price. Negative news are around us all the time, who allows them to take over will make bad moves.
You cant see bitcoin recovered so fast just like before. Im thinking that bitcoin already had a stable bottom price which is 9000$.
We can only allude to that because it is not a bullish year for bitcoin because bitcoin is the fastest recovering coin. In 2017, it was proven when price dropped from $7,500 to around $5,000 and the recovery rate was very fast .
We believe that Bitcoin only has that recovery rate, we already saw that potentiality before that is why people are still giving their strong support even the price goes down dipper. But we can't deny also some newbies aren't that strong to hold in times of crisis knowing that they still in doubts of Bitcoin's capability and also with the market. With those instances, it contributed declining in price.
We were once like those newbies too before until we saw what bitcoin could do with our own clear eyes and that experience has still not left our picture which is why you see many investor now keep putting money into bitcoin, because they know the regret that they had then when they had chance to buy bitcoin and din buy it. Most crashing that you see is probably newbies just dumping those coins out of fear because existing investors has seen too much, they have heard too much to be decided easily by these people that like to carry negative news because of their own personal interests. Though we still have old investors that are not also string emotionally and those are the ones that use to panic sell anytime there is a bad news about cryptocurrency.
Fear can really cause dump and we have seen countless time on how this thing do happen.Weve seen false news or fuds after all the years weve been through to this market that's why anytime theres one pops out I don't care too much unless if there were strong prove out that it did happen then I might consider on looking it out.
But actual whales is exist or not, i am not really know.
Of course whales exist in the financial world. People have turned the term whale into one that's continuously associated with manipulation and whatnot. It can be an institution or a person like you and the rest of the people here, but with a lot of money. In reality it's just the difference in account balance.I only know when pump come there usually like already scheduled. So almost can predicted especially when good news come.
I think you're referring to bullish formations that have a certain time frame within they are expected to break? These formations occur organically and can break well before the formation comes to an end. Nothing is scheduled here. I can't however think of any good news in the last 12-24 months that made the price either break up or down after selling the news. Perhaps that Bakkt will be the first sell the news event since CME went live in 2017. We'll find out before the end of this month.
We believe that Bitcoin only has that recovery rate, we already saw that potentiality before that is why people are still giving their strong support even the price goes down dipper. But we can't deny also some newbies aren't that strong to hold in times of crisis knowing that they still in doubts of Bitcoin's capability and also with the market. With those instances, it contributed declining in price.
We were once like those newbies too before until we saw what bitcoin could do with our own clear eyes and that experience has still not left our picture which is why you see many investor now keep putting money into bitcoin, because they know the regret that they had then when they had chance to buy bitcoin and din buy it. Most crashing that you see is probably newbies just dumping those coins out of fear because existing investors has seen too much, they have heard too much to be decided easily by these people that like to carry negative news because of their own personal interests. Though we still have old investors that are not also string emotionally and those are the ones that use to panic sell anytime there is a bad news about cryptocurrency.
Fear has a big role of every dump but not only this Craig drama cause the Fear but also the big whales dumping manipulation will cause lot of Fear for the crypto users. The people will not be afraid of any market event as long as the market is not bleeding.
That is what they aim if they are really exist, people's fear when price pump or dumped. Maybe with that, they take advantage from people who panic and FOMO. That is what i always heard about whales. But actual whales is exist or not, i am not really know. I only know when pump come there usually like already scheduled. So almost can predicted especially when good news come. 
Fear has a big role of every dump but not only this Craig drama cause the Fear but also the big whales dumping manipulation will cause lot of Fear for the crypto users. The people will not be afraid of any market event as long as the market is not bleeding.
You cant see bitcoin recovered so fast just like before. Im thinking that bitcoin already had a stable bottom price which is 9000$.
We can only allude to that because it is not a bullish year for bitcoin because bitcoin is the fastest recovering coin. In 2017, it was proven when price dropped from $7,500 to around $5,000 and the recovery rate was very fast .
You cant see bitcoin recovered so fast just like before. Im thinking that bitcoin already had a stable bottom price which is 9000$.
We can only allude to that because it is not a bullish year for bitcoin because bitcoin is the fastest recovering coin. In 2017, it was proven when price dropped from $7,500 to around $5,000 and the recovery rate was very fast .
Volatility is caused by no-regulation, right now there is no regulation on bitcoin and it will probably never be and that causes people to be able to manipulate the prices and I think that has more to do with price going down and up so much than fear.
I beg to differ. Bitcoin's volatility has more to do with its highly speculative nature and lack of spot liquidity. It could literally be worth $1 million or $0 in a decade, no one knows. And the order books are thin as hell.
Bitcoin is quickly becoming regulated too. The CFTC has been probing foreign exchanges now that there are regulated futures markets. The FATF recently issued guidance for stricter KYC and transaction reporting from exchanges too, and that's expected to really change the landscape.
Volatility is caused by no-regulation, right now there is no regulation on bitcoin and it will probably never be and that causes people to be able to manipulate the prices and I think that has more to do with price going down and up so much than fear.
wrong.
neither volatility nor manipulation have anything to do with regulations and its existence will never prevent it from happening. the only reason why manipulation is possible and volatility is still high is the small size of the market (aka the thin order books on exchanges).
you can see it clearly by comparing bitcoin market today with bitcoin market 6-8 years ago. since the size of it is so much bigger today, it is just as hard to manipulate it in comparison.
you could also compare it with altcoins that all have much smaller markets. for instance a shitcoin with a volume of 50BTC/day could easily be pumped 1000% in one day but you can never pump a shitcoin 1000% in one day with 5000BTC/day volume.
it is good to be optimistic but i don't think anyone's fear should cause a dump in bitcoin value, instead, it is the dump that induces fear in people's heart, a lot of people lose their faith per time when the market value drops even most speculations are just failing. the panic has made a lot of people sell their token poorly.
It is always good to be optimistic, but I guess that only some people can do that because in out there, we don't know how people will react if they see the dump is coming. I think some people still getting panic if they know the price is down deeper or getting flash dump and the next thing that they will do is save their money. But now, I think people become wise and smart if they know the price is down and they will wait for a while so they can decide what will they need to do related to the current situations. I think they will not get into a trap from the flash dump because they know that panic will only make them lose their money.
Why is fear the first thing that comes to mind? This cyclical up and down with 10k right down the middle's just almost exactly what should have normally happened a year ago when 10k was first visited for normalisation.
Below the middle is buy in, perfect entry points. Above that is selloff. Perfect exits.
Sometimes, people are just lust in their thinking, you know that human being thinks to wide and some think to the extreme, if right is going to pay such huge amount of money, I don’t know in any way that it has affected bitcoin. There are so many people that has even dumped more than that amount and it still has not effect on bitcoin. Below the middle is buy in, perfect entry points. Above that is selloff. Perfect exits.
Recently, I heard of about $1 billion dollars being moved from the market, if that one did not effect bitcoin, because if it does, the value would have come down far beyond this, so as I was saying, if that 1 billion dollar didn’t affect bitcoin, then why would this small amount of money to be paid by Craig Wright even have any effect. So this punishment serves hi right and for the rest of his life.
Volatility is caused by no-regulation, right now there is no regulation on bitcoin and it will probably never be and that causes people to be able to manipulate the prices and I think that has more to do with price going down and up so much than fear.
Fear does play a bit of role of course but whales selling all their coins (thousands of them) all at once is a bigger problem we have, we have to figure that out first. Of course, peoples fears should not be affecting bitcoin price but there is really no way to stop people from being afraid or no way to stop people from selling when they are afraid which means we will not be seeing any end of those people dropping the price even more. If someone figures out a way to stop it than I am all ears but thats not gonna happen.
Fear does play a bit of role of course but whales selling all their coins (thousands of them) all at once is a bigger problem we have, we have to figure that out first. Of course, peoples fears should not be affecting bitcoin price but there is really no way to stop people from being afraid or no way to stop people from selling when they are afraid which means we will not be seeing any end of those people dropping the price even more. If someone figures out a way to stop it than I am all ears but thats not gonna happen.
it is good to be optimistic but i don't think anyone's fear should cause a dump in bitcoin value, instead, it is the dump that induces fear in people's heart, a lot of people lose their faith per time when the market value drops even most speculations are just failing. the panic has made a lot of people sell their token poorly.
That's the kind of problem they have to overcome because the market itself is not as problematic as they think. As an investor, we have to look on both sides, not one sided only, when there is a dump, its normal because the market also experience a pump.
The dump will likely cause panic to those who does not understand how the market move, and they are losers, so that's normal since some has to lose while some has to be profitable, if they will learn maybe they will experience being profitable in the long run. Trading is good but it's clearly not for everyone as not everyone has the knowledge to make the right decision.
Why is fear the first thing that comes to mind? This cyclical up and down with 10k right down the middle's just almost exactly what should have normally happened a year ago when 10k was first visited for normalisation.
Below the middle is buy in, perfect entry points. Above that is selloff. Perfect exits.
Below the middle is buy in, perfect entry points. Above that is selloff. Perfect exits.
Because it's one of the most probably reasons why a sharp decline happens, it's really like a ripple affect that one movement affects or somehow influences a group of traders or a set of individuals to start selling their position as well. FUD is real you can really see it in the charts. The decrease in market confidence can also count as fear and lesser demand as its the only thing that translate to the prices on what we have now. Just by looking at the forum along you will see a lot of members complain and lose their faith when posting topics like "Will Bitcoin even come back up?", "Bitcoin's time ended today" and the likes.
actually the sharp drops that are completely vertical have nothing to do with fear but with pure manipulation.
when traders panic, they don't panic all at the same exact moment within seconds! it takes time for them to panic and react to something so the drop is sharp but nowhere near vertical drop. it has a palpable slope.
but when it is manipulation, like a whale dumping a large amount of money to force stop losses kicking in then the chart is completely vertical then the panic comes.
what we had here was a manipulation followed by a panic because if you look at the charts the drop only took seconds to go low so much and then the panic sellers joined in when price was already low.
In most cases, the price of Bitcoin and other cryptocurrencies is highly dependent on news that appears in the press. But in this case, the news about the payment of Craig Wright did not greatly affect the crypto market. The fall in prices looks more like speculation of traders in the market in order to provoke a panic, lower the price and acquire more cryptocurrency.
Yeah I am after with the post and discussion the price actually gets effected by the news that comes in market if good news will come it will bring positive effect on price of the coin. Never sell if you hear from someone that market is low as so many people takes advantage of New people and they make them sell panic.News has a positive and negative effect and yet to come that newcomers hear about FUD's, they absolutely get into thinking "sell it now cause it dumps later".
it is good to be optimistic but i don't think anyone's fear should cause a dump in bitcoin value, instead, it is the dump that induces fear in people's heart, a lot of people lose their faith per time when the market value drops even most speculations are just failing. the panic has made a lot of people sell their token poorly.
Why is fear the first thing that comes to mind? This cyclical up and down with 10k right down the middle's just almost exactly what should have normally happened a year ago when 10k was first visited for normalisation.
Below the middle is buy in, perfect entry points. Above that is selloff. Perfect exits.
Below the middle is buy in, perfect entry points. Above that is selloff. Perfect exits.
Because it's one of the most probably reasons why a sharp decline happens, it's really like a ripple affect that one movement affects or somehow influences a group of traders or a set of individuals to start selling their position as well. FUD is real you can really see it in the charts. The decrease in market confidence can also count as fear and lesser demand as its the only thing that translate to the prices on what we have now. Just by looking at the forum along you will see a lot of members complain and lose their faith when posting topics like "Will Bitcoin even come back up?", "Bitcoin's time ended today" and the likes.
Why is fear the first thing that comes to mind? This cyclical up and down with 10k right down the middle's just almost exactly what should have normally happened a year ago when 10k was first visited for normalisation.
Below the middle is buy in, perfect entry points. Above that is selloff. Perfect exits.
Below the middle is buy in, perfect entry points. Above that is selloff. Perfect exits.
Cryptocurrency market is manipulative, and this is where the fear gets its importance. Earlier some kind of hack and other ways of negative news creates panic among the common users. This directly gets reflected on the market, and now the scenario has changed as people were aware about it. These days the real Satoshi issue is getting rolled and much into discussion, and someone is trying to benefit out of the same. Good is to just ignore and keep focused on the market moves.
In most cases, the price of Bitcoin and other cryptocurrencies is highly dependent on news that appears in the press. But in this case, the news about the payment of Craig Wright did not greatly affect the crypto market. The fall in prices looks more like speculation of traders in the market in order to provoke a panic, lower the price and acquire more cryptocurrency.
I'm not belittling faketoshi, but let's face it, who the hell in the crypto world believes faketoshi is satoshi nakamoto? only the people who have supported BSV and some of the BCH and this group of people is very small so I don't believe most people would be scared to think that faketoshi would have control of too many bitcoins in the times of the BSV and BCH fight He made many empty threats. People opened their eyes. this price drop that had days ago, was normal
I doubt fear plays into price as much as people think it does. Everyone likes to be the superhero and whenever prices fall a bit they want to be the guy who say "Well I didn't sell because I am not afraid and I am brave and I believe in bitcoin, some other scared afraid people sold with panic" and make themselves feel better and I understand that, everyone wants to be superior than others in every aspect if possible even tho its impossible.
However, I think people are not afraid of bitcoin anymore, at least not on these prices, they think this is something small and tiny and these movements do not make that much difference, dropping from 11k to 9k? Its nothing nowadays, its something we would all expect from bitcoin because its a volatile currency.
However, I think people are not afraid of bitcoin anymore, at least not on these prices, they think this is something small and tiny and these movements do not make that much difference, dropping from 11k to 9k? Its nothing nowadays, its something we would all expect from bitcoin because its a volatile currency.
fear actually plays a big role in this market specially since it is still a small one that could be greatly affected by fear and the irrational decisions that the traders make.
all the spikes and sharp drops are because of fear, the first is fear of missing out or FOMO and the second is fear of losing money or panic sell.
in this case the manipulators have been using the CSW drama for a more than 9 months now. first one was successful mainly because market had not yet entered the upward trend but this time it failed because we are in a strong rising mode.
I doubt fear plays into price as much as people think it does. Everyone likes to be the superhero and whenever prices fall a bit they want to be the guy who say "Well I didn't sell because I am not afraid and I am brave and I believe in bitcoin, some other scared afraid people sold with panic" and make themselves feel better and I understand that, everyone wants to be superior than others in every aspect if possible even tho its impossible.
However, I think people are not afraid of bitcoin anymore, at least not on these prices, they think this is something small and tiny and these movements do not make that much difference, dropping from 11k to 9k? Its nothing nowadays, its something we would all expect from bitcoin because its a volatile currency.
However, I think people are not afraid of bitcoin anymore, at least not on these prices, they think this is something small and tiny and these movements do not make that much difference, dropping from 11k to 9k? Its nothing nowadays, its something we would all expect from bitcoin because its a volatile currency.
Whah??
Interesting that Craig Wright claims Satoshi is 3 people. I've always suspected Satoshi isn't one person, but I'm not sure if I can believe any of this.
Well I would only say that dip and pump both are part of our investment if the price can fall then it can rise as well but investors should not be afraid or worry about the market. Its only volatility which keeps the price shaken in market don’t worry it’s gona pump sooner or later but this Dip gona End certainly.It dumped, yes that is a fact. But is it that deep? No.
If half a million bitcoin gets dumped on the market all at once, the seller is stupid for doing it that way. And yeah, I think the market would probably experience at least a dip--probably a crash--if there was such an abundance of supply. My intuition is telling me that there's something fishy here, but I'm too apathetic to investigate further. Interesting that Craig Wright claims Satoshi is 3 people. I've always suspected Satoshi isn't one person, but I'm not sure if I can believe any of this.
Whah??
Interesting that Craig Wright claims Satoshi is 3 people. I've always suspected Satoshi isn't one person, but I'm not sure if I can believe any of this.
It dumped, yes that is a fact. But is it that deep? No.
If half a million bitcoin gets dumped on the market all at once, the seller is stupid for doing it that way. And yeah, I think the market would probably experience at least a dip--probably a crash--if there was such an abundance of supply. My intuition is telling me that there's something fishy here, but I'm too apathetic to investigate further. Interesting that Craig Wright claims Satoshi is 3 people. I've always suspected Satoshi isn't one person, but I'm not sure if I can believe any of this.
No its not its just a bull trap. After that sharp dump bitcoin again recovered is just a few days. You cant see bitcoin recovered so fast just like before. Im thinking that bitcoin already had a stable bottom price which is 9000$.
Fear of losing more of your money can really make people to start selling there coins at any price and that will lead to decline in the market price of the given coins. Although, the fear are mainly as a result of negative news about what is going to happen to the coins in question.
The fact that the dump happened in minutes after angelobtc (the top trader of bitmex) tweeted a bearish tweet makes me think even that could have been the reason.
Big crypto personalities made a huge impact, it can be a reason but more reason to know before we know the exact reason of the big fall. Fear and panicking is the common trend when someone tweeted negative news or FUD. Now, it started to pump again, this is the start of the pump this ber months.
The fact that the dump happened in minutes after angelobtc (the top trader of bitmex) tweeted a bearish tweet makes me think even that could have been the reason.
Big crypto personalities made a huge impact, it can be a reason but more reason to know before we know the exact reason of the big fall. Fear and panicking is the common trend when someone tweeted negative news or FUD. Now, it started to pump again, this is the start of the pump this ber months. 
Fear of losing more of your money can really make people to start selling there coins at any price and that will lead to decline in the market price of the given coins. Although, the fear are mainly as a result of negative news about what is going to happen to the coins in question.
It is proven already before that spreading FUD could make someone to panic selling and that could alter the price movement if someone has a bag of coins to dump in the market. People should not be afraid if there is a news that tell about negativity this is not helping them at all. People should do their own research instead of believing those lies.
I think fear plays a bit of role in this but I think its not all of it. Maybe there is some people who feared and sold but right now we are in the trend zone and we didn't move beyond it which means there is really not much fear going on. When the price is between 9 and 11 that is literally the trend zone that we have been going up and down between for a long time, considering we are not doing half bad right now and the price moved up a tick I believe fear was only a small tiny part of that drop.
If we move under 9 thousand though than we can call it panic sellers and fear, or if we go above 11 we can call it a bull run or hype or rally or whatever you want. Between 9 and 11 though I feel like it is nothing, just traders doing what they do every day.
If we move under 9 thousand though than we can call it panic sellers and fear, or if we go above 11 we can call it a bull run or hype or rally or whatever you want. Between 9 and 11 though I feel like it is nothing, just traders doing what they do every day.
It might be one reason.
Specially the followers of Craig which could be warned already of what could happen.
That is, if he does have bitcoin in his stash.
But to those who just read or sought the news, it could be a different view.
We differ in how we think individually and the market will show how we all react.
It dumped, yes that is a fact. But is it that deep? No.
Specially the followers of Craig which could be warned already of what could happen.
That is, if he does have bitcoin in his stash.
But to those who just read or sought the news, it could be a different view.
We differ in how we think individually and the market will show how we all react.
It dumped, yes that is a fact. But is it that deep? No.
I guess CSW just blow everything out of proportions that could still fear causing a minor dump. But as soon the investors knows his tricks again, they aren't bothered by all the news and the all the spewing coming out of his mouth. Market seems recovered already so I guess we can safely say that he tried, but investors are not that dump to bite on his noise recently.
The dump that happened wasn't really that big of a dump. Its most likely like that since its Summer and there is little volume and little liquidity and we got these sharp moves up and down. In Sept/Oct when the volume returns then these big bart ups and down and massive spikes should be suppressed.
I think if the general bitcoin public believes he actually was Satoshi then there would be a massive sell-off since it would create a huge price dump if the receiver is going to have to pay taxes in the billions from the inheritance tax. Since there was no dump, then the market is fairly confident that he is not Satoshi.
I think if the general bitcoin public believes he actually was Satoshi then there would be a massive sell-off since it would create a huge price dump if the receiver is going to have to pay taxes in the billions from the inheritance tax. Since there was no dump, then the market is fairly confident that he is not Satoshi.
Many times if you refuse fear, you would see that victory is at the corner. Most people who are not believers of bitcoin would give in to fear and sell but regret later. The price keeps dropping because the fear factor has been triggered but price will rebounds soon at support level of $9,500.
Maybe a lot of traders should train their fear first before ready to trade. Although it is really hard, until now i still can't always fight my fear when trading and always get panic. Maybe will need time, but real traders must already prepared first because this business is not like we play game or gambling. I think if traders ready with it, maybe he can be good trader, only need to keep train about skills.
Many times if you refuse fear, you would see that victory is at the corner. Most people who are not believers of bitcoin would give in to fear and sell but regret later. The price keeps dropping because the fear factor has been triggered but price will rebounds soon at support level of $9,500.
We all know how Judge ordered Craig Wright to pay $5 billion to Ira Kleiman (where people were fearing of an average of $2 billion dump in BTC if she decides to redeem that USD). Though, CSW is not Satoshi and hence, he's got nothing (at least not what's ordered) to pay Ira Kleiman such a huge amount. I want to ask that whether the fear of being dumped with a lot of BTC helped the trend to move backwards and break down to near $9k?
Source of news: https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/
Source of news: https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/
I really wish bitcoin come out of this pump and dump cases on the basis of these news. Bitcoin should be strong in itself that it should not have to be dependent on these stupid news. If Craig Wright want to dump let him dump, the bitcoin community will not panic.
Many people were willing to buy Bitcoin at cheap prices, they will buy back.
We all know how Judge ordered Craig Wright to pay $5 billion to Ira Kleiman (where people were fearing of an average of $2 billion dump in BTC if she decides to redeem that USD). Though, CSW is not Satoshi and hence, he's got nothing (at least not what's ordered) to pay Ira Kleiman such a huge amount. I want to ask that whether the fear of being dumped with a lot of BTC helped the trend to move backwards and break down to near $9k?
Source of news: https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/
When the news came out that the judge ordered Craig to pay some certain fine, bitcoin was still growing strong, and the news was already all over the internet, if this dump was as a result of that, then it would have happened long time ago and not now. We still don't know what actually caused the recent dump and we may never know, because we have had lots of dumps in the past that none of us was able to get an explanation to till date and bitcoin still bounced back. Source of news: https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/
If this news of Craig was going to affect anything, I am sure that it will affect more of bsv and not btc because he has more of his investment in BSV, and it was in the process of making bsv become number one that he started making all those illegal claim that he is Satoshi and now see what he’s got himself into.
The fact that the dump happened in minutes after angelobtc (the top trader of bitmex) tweeted a bearish tweet makes me think even that could have been the reason.
But, on the other hand, CSW might be lying again.
Maybe he have the wallets, but dont have their passwords.
Maybe he have the wallets, but dont have their passwords.
Might be? It's all but guaranteed. Just take a look at all his past lies and deceptions. What would make you believe that this time he's telling the truth? He seems like one of the worst (read: most obvious) con artists of our time.
Cant Ira sell it OTC?
It's $5 billion worth of BTC we're talking about.
Where the hell are you going to find a buyer for such amounts? Even a whole group cannot carry out a transaction in one full year because the amount is too big.
True. But, on the other hand, CSW might be lying again.
Maybe he have the wallets, but dont have their passwords.
CSW being full of shit would be the best outcome.
Even better if CSW would (at his court hearing) Sing "Never gonna give you up, never gonna let you down.... Making the Guinness book of records as most expensive Rick roll
Right now, the breaking point under 10k seems still strong, we can totally wait around and make a push for anything higher but that doesn't mean it will happen. It all depends on the trends and the movements by the whales, if we can somehow find a way to get whales up and going for a direction we can know which direction we will go but at the end of the day unless they do some big moves I am 99% sure we will keep going up and down for a long time.
Maybe to close that gap at 7.8k it may do some bear looking moves, it is not that easy to go down but not go down too much, like if you want to move from 9.5k to 7.8k, you may end up at 6.5k which would be not something you may want. Hence, I would highly suggest keeping it around here for a while and let it drop only slightly over course of a whole month if I did that.
Maybe to close that gap at 7.8k it may do some bear looking moves, it is not that easy to go down but not go down too much, like if you want to move from 9.5k to 7.8k, you may end up at 6.5k which would be not something you may want. Hence, I would highly suggest keeping it around here for a while and let it drop only slightly over course of a whole month if I did that.
This is normal, it wasn’t even that much of a dump. We’re still in a baby bull market. The price will increase as we get closer to the halving. $9,5xx will look very cheap in a year or two.
Fear always makes a bad influence on the market, fear that will only make the market panic and end in a collapse in prices. Apart from that, it is not currently included in the big dump, price drop are still reasonable and price movements can be said remain stable for some time. 
I want to ask that whether the fear of being dumped with a lot of BTC helped the trend to move backwards and break down to near $9k?
It has nothing to do with each other, it is same price drop we see few times in last 2-3 months. That idiotic Faketoshi is just play bad move, and now he need to pay price for that, but as you say he is not have such funds, otherwise he would not have done this sort of nonsense.
I can only say that some whales use such news in their own benefit, it is just about getting the price down as much as possible to buy more, then pump it and sell on top, and repeat everything as many times as possible. This is the perfect time to do it, and as we can see, it works out perfectly.
Cant Ira sell it OTC?
It's $5 billion worth of BTC we're talking about.
Where the hell are you going to find a buyer for such amounts? Even a whole group cannot carry out a transaction in one full year because the amount is too big.
True. But, on the other hand, CSW might be lying again.
Maybe he have the wallets, but dont have their passwords.
Cant Ira sell it OTC?
If the coins are real, he could easily absorb all existing spot and OTC liquidity. That's how illiquid this market is. Of course, the coins aren't real.
From the news shared by OP..https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/
So this means he really has that amount?
Quote
Craig Wright told Modern Consensus he “has no choice but to hand over $5 billion in BTC.”
So this means he really has that amount?
No. He keeps signalling to the market that he has the coins, but there is no proof. It's just more pathetic attempts at manipulation. I'm sure he's planting the seeds of a BSV pump with these claims.
From the news shared by OP..https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/
So this means he really has that amount?
That would probably cause a dump if he is not lying here, but this guy is a proven liar, we can search his name in google with lair after it and we will see a lot of articles about that.
So are we gonna worry about the possibility that he will be able to pay that big amount?
What would happen to him if he will not follow the judge order?
Quote
Craig Wright told Modern Consensus he “has no choice but to hand over $5 billion in BTC.”
So this means he really has that amount?
That would probably cause a dump if he is not lying here, but this guy is a proven liar, we can search his name in google with lair after it and we will see a lot of articles about that.
So are we gonna worry about the possibility that he will be able to pay that big amount?
What would happen to him if he will not follow the judge order?
We all know how Judge ordered Craig Wright to pay $5 billion to Ira Kleiman (where people were fearing of an average of $2 billion dump in BTC if she decides to redeem that USD). Though, CSW is not Satoshi and hence, he's got nothing (at least not what's ordered) to pay Ira Kleiman such a huge amount. I want to ask that whether the fear of being dumped with a lot of BTC helped the trend to move backwards and break down to near $9k?
Source of news: https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/
The fear has been created since last two weeks when people began to promote the macd weekly crossing signal. This samething happened in February and bitcoin turned bullish since then. People are afraid that in some months to come Bitcoin May hit around $7850 the 200 ma on a daily chart and hence trigger sell off. Source of news: https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/
What sharp dump? I see latest price fall as a usual correction that comes as a consequence of Bitcoin volatility. Price hasn't fallen that much.
News could cause fear and panic selling but in this particular case I don't see any connection and I.don't think this is the reason for correction.
News could cause fear and panic selling but in this particular case I don't see any connection and I.don't think this is the reason for correction.
the timings don't exactly match in my opinion. usually when there is a price drop due to a news that causes panic, the panic occurs right away as the news comes out. in fact there is always a pre-dump before the news comes out from the "insiders" then the panic begins and within that day the sharp drop takes place.
in this case news came out on 27th and after more than 30 hours we saw the sharp drop below $10k. if the news were the reason then price should have reached that low on 27th not the next day.
however, it might have contributed to the panic though a little bit.
in this case news came out on 27th and after more than 30 hours we saw the sharp drop below $10k. if the news were the reason then price should have reached that low on 27th not the next day.
however, it might have contributed to the panic though a little bit.
CSW's issue is no longer a big deal to the bitcoin community.
I think we just felt a normal dump which usually happens when there's a bigger event that can trigger the price which will happen by Sept.23.
I think we just felt a normal dump which usually happens when there's a bigger event that can trigger the price which will happen by Sept.23.
No, because most Bitcoin traders are not dumb and know that CWS is a scammer who doesn't have nowhere near close to the alleged sum, so there's no way a market crash can happen. Selling Bitcoins because of those news would be as stupid as selling because of those end-of-the-world news or some cheap FUD - only really weak hands would do it. This dumb is nothing special, this happens in Bitcoin all the time. I hodled through all bull market of the last cycle, and have seen a lot of crashes and dips without any good reason.
Ira Kleiman is a he, he's Dave Kleiman's brother.
(where people were fearing of an average of $2 billion dump in BTC if she decides to redeem that USD).
Ira Kleiman is a he, he's Dave Kleiman's brother.
$5 billion is not a lot, it could either affect the market but on a temporary basis only, well if it could make BTC go backward but nothing is alarming with that as there's a lot of dump in the past already and here we are now, we can still recovery.
I doubt that dump would be possible though since he doesn't have that amount, but I'm just telling my opinion based on my observation in the past.
Only FUD and people gets affected will be able to dump this market, but then again, since it's not gonna die, price will goes up again like we all witness that happened this year, therefore, no amount of any negative news or FUD that will bring this market down.
I doubt that dump would be possible though since he doesn't have that amount, but I'm just telling my opinion based on my observation in the past.
Only FUD and people gets affected will be able to dump this market, but then again, since it's not gonna die, price will goes up again like we all witness that happened this year, therefore, no amount of any negative news or FUD that will bring this market down.
Cant Ira sell it OTC?
It's $5 billion worth of BTC we're talking about.
Where the hell are you going to find a buyer for such amounts? Even a whole group cannot carry out a transaction in one full year because the amount is too big.
@everyone here,
Can anyone tell me what do CSW actually possess at the moment? I don't really think his portfolio's worth is even 1/10th of what was proposed to be paid back to Ira Kleiman, except if he's got enough bcash stored with him and he already dumped it and got BTC.
Thats a very large amount to change ownership and when or if it ever takes place it could have an effect. Court cases take years and if the amounts are billions then the likely legal arguments employed in defence are going to be almost endless to try and put off that payment owed.
A release of a large amount of coins does create excess liquidity short term but its not something I would say should effect price in the long term. We dont revolve around 1 or 2 people in that way, we have millions interested and using Bitcoin and that wider market is far more concern and significance for the price.
Its all theortical still and at best the effect is a short term one if they do try to sell a larger amount, most likely a disposal would never be dumped because the price would be worse then gradually releasing value. Look at the Mt.Gox coins for some relevance on this I think.
A release of a large amount of coins does create excess liquidity short term but its not something I would say should effect price in the long term. We dont revolve around 1 or 2 people in that way, we have millions interested and using Bitcoin and that wider market is far more concern and significance for the price.
Its all theortical still and at best the effect is a short term one if they do try to sell a larger amount, most likely a disposal would never be dumped because the price would be worse then gradually releasing value. Look at the Mt.Gox coins for some relevance on this I think.
In my own observation on bitcoin chart history this is not Craig Wright cause theres a lot of possibility why bitcoin make a sharp dumo if you look at the chart the indicators tell its already going down now wecannot know if bitcoin will be bounce or break anytime and take note in cryptoworld fear are always there.
Cant Ira sell it OTC?
We all know how Judge ordered Craig Wright to pay $5 billion to Ira Kleiman (where people were fearing of an average of $2 billion dump in BTC if she decides to redeem that USD). Though, CSW is not Satoshi and hence, he's got nothing (at least not what's ordered) to pay Ira Kleiman such a huge amount. I want to ask that whether the fear of being dumped with a lot of BTC helped the trend to move backwards and break down to near $9k?
Source of news: https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/
Source of news: https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/
Could be, remember the time when there is a hash war between BCH and BSV (Craig Wright)? Bitcoin was a collateral damage that time because CSW created a lot of FUD causing the price to plummet. And I think that he is pulling the same stunt here that's why people are anticipating that he or some entity behind will dump Bitcoin again, they already planted some seed of fear already that causes the market to break the strong support at $10,000.
We all know how Judge ordered Craig Wright to pay $5 billion to Ira Kleiman (where people were fearing of an average of $2 billion dump in BTC if she decides to redeem that USD). Though, CSW is not Satoshi and hence, he's got nothing (at least not what's ordered) to pay Ira Kleiman such a huge amount. I want to ask that whether the fear of being dumped with a lot of BTC helped the trend to move backwards and break down to near $9k?
Source of news: https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/
Source of news: https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/
Fear can cause anything and even going down memory lane, majority have taken decisions due to fear I have been there before. In this case, it could also be the reason why in addition to other factors that might have contributed to it. But really $5billion damages is no small amount and would even go down in history and one of the largest payout by an individual. Narrowing it down to the impact on the market of bitcoin, its going to shake the market should it be redeemed at once and anyone who thinks otherwise is likely being economical with the truth.
I hope the judgement can be appealed for the review of the judgement or if that is not possible a situation where the enforcement of the judgement is done in such a way that the market won't be affected.
The dump wasn't that big enough to cause a FUD for any issues about Craig Wright thus i think it is just the normal routine of the market. But if the drop was too big that it almost go near to $8K then that would be the cause of it. This dip may be a good time to buyback again of what people sold during the hype or if someone wants to restock their Bitcoin again then this is it. I know a lot of investors wish this kind of dip in the first place especially to those who suffered from a great loss due to lack of patience.
It's not fear as in being afraid of a certain event to play out, but more so fear of losing money when the price starts to decline. People either are over-invested or have invested with borrowed money. Both common contributors to fear.
As for the CSW case, nah, the smart money moving the markets know there isn't much to sell aside from his personal stack he managed to accumulate through scams and the various pumps and dumps his partner(s) initiated.
I think this question would have more relevance to it during the crash from $14k to $10k and below. That's far more intense than the ~$900 drop we have seen two days ago.
As for the CSW case, nah, the smart money moving the markets know there isn't much to sell aside from his personal stack he managed to accumulate through scams and the various pumps and dumps his partner(s) initiated.
I think this question would have more relevance to it during the crash from $14k to $10k and below. That's far more intense than the ~$900 drop we have seen two days ago.
This has really nothing to do with Craig, or if by chances I take it as a small percentage.
The recent price dip is just a normal day in bitcoin. Bitcoin experienced several dips prior to that with no such event or any cases. If ever price goes dip more, then no reason at all to blame except that $10,000 wall doesn't really enough foundation "for now". But looking good, since the dip happened, it was having a difficult time breaking the $9,000 wall which means that we don't need to see the next support at $8,000 and can consider this level as buying price range.
Just hope that there's no such thing that will spoil this progress that will result in much "fear".
We all know how Judge ordered Craig Wright to pay $5 billion to Ira Kleiman (where people were fearing of an average of $2 billion dump in BTC if she decides to redeem that USD). Though, CSW is not Satoshi and hence, he's got nothing (at least not what's ordered) to pay Ira Kleiman such a huge amount. I want to ask that whether the fear of being dumped with a lot of BTC helped the trend to move backwards and break down to near $9k?
Source of news: https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/
Source of news: https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/
Fear can cause anything and even going down memory lane, majority have taken decisions due to fear I have been there before. In this case, it could also be the reason why in addition to other factors that might have contributed to it. But really $5billion damages is no small amount and would even go down in history and one of the largest payout by an individual. Narrowing it down to the impact on the market of bitcoin, its going to shake the market should it be redeemed at once and anyone who thinks otherwise is likely being economical with the truth.
I hope the judgement can be appealed for the review of the judgement or if that is not possible a situation where the enforcement of the judgement is done in such a way that the market won't be affected.
I don't think so.
This news has not received much attention from community and medias. Such decreases in price of bitcoin is completely normal. Bitcoin price increased to 13,000 dollar from 3,000 dollar and I think we are still in correction phase of that price increase. After that price increase, we shouldn't be surprised at such a drop in bitcoin's price. Bitcoin price is always fluctuating due to whales and this price fall was more due to whales manipulations and also fears due to technical analysis that expected a price fall.
This news has not received much attention from community and medias. Such decreases in price of bitcoin is completely normal. Bitcoin price increased to 13,000 dollar from 3,000 dollar and I think we are still in correction phase of that price increase. After that price increase, we shouldn't be surprised at such a drop in bitcoin's price. Bitcoin price is always fluctuating due to whales and this price fall was more due to whales manipulations and also fears due to technical analysis that expected a price fall.
This is normal, it wasn’t even that much of a dump. We’re still in a baby bull market. The price will increase as we get closer to the halving. $9,5xx will look very cheap in a year or two.
I don't think this dump was because Craig
There's a lot of possibilities, maybe it was a whale and then some people sold in fear, maybe it's a whale trying to fall the price to buy in the dip because we are all expecting a increase in price in this september
If you are a person who invested for a long term, there's no problem at all, just wait
So, there's no specific reason to this dump in my opinion
There's a lot of possibilities, maybe it was a whale and then some people sold in fear, maybe it's a whale trying to fall the price to buy in the dip because we are all expecting a increase in price in this september
If you are a person who invested for a long term, there's no problem at all, just wait
So, there's no specific reason to this dump in my opinion
Fear always causes sharp dumps, always, except in times wherein dumps are already planned by a certain group of people to which the initial market reaction is to follow what's happening. We've been pretty stagnant on the lower ebbs of $10k for a while now and there isn't sufficient momentum coming in to push the price up just a little bit. Bakkt comes again with their teasing of a release but even that won't help much. CSW's case against Ira Kleiman, IMO, isn't the cause of the drop. If it was, we would see huge movements on the market due to the impending dump in order to pay Kleiman but yeah, no signs of anything coming in from CSW.
We all know how Judge ordered Craig Wright to pay $5 billion to Ira Kleiman (where people were fearing of an average of $2 billion dump in BTC if she decides to redeem that USD). Though, CSW is not Satoshi and hence, he's got nothing (at least not what's ordered) to pay Ira Kleiman such a huge amount. I want to ask that whether the fear of being dumped with a lot of BTC helped the trend to move backwards and break down to near $9k?
In general, all crashes have to do with fear and panic. But I doubt the Craig Wright case had much to do with it. The weekly chart entered a new downtrend a few weeks ago, so this dump shouldn't have been a huge surprise to anyone. I think this is just a typical bull market correction and supply/demand is playing out.
We all know how Judge ordered Craig Wright to pay $5 billion to Ira Kleiman (where people were fearing of an average of $2 billion dump in BTC if she decides to redeem that USD). Though, CSW is not Satoshi and hence, he's got nothing (at least not what's ordered) to pay Ira Kleiman such a huge amount. I want to ask that whether the fear of being dumped with a lot of BTC helped the trend to move backwards and break down to near $9k?
Source of news: https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/
Source of news: https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/
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