what is behind BITCOIN Cash SV Pumping

whirlcoin

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Quote from: TheBusstop on May 29, 2019, 09:08:46 AM

a closer look at the market will send shivers down the spine. some coins, within the last few days are pumping seriously like Mad.
can someone please help with the idea behind BITCOIN SV Pumping please. On may 20th, this particularr coin was sold at 61usd. today. i soaring high at 176usd at the moment. i believe that is not the end and i think, the war with bitcoin cash ABC is not over.

I think the sudden demand will make the value to be pumped up otherwise nothing is important for a development and I think this is happening for this currencies in recent times.

Krislaw

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Quote from: consideritdone on May 30, 2019, 10:53:30 AM

so BSV price almost doubled https://www.coingecko.com/en/coins/bitcoin-sv
and it is correcting now, people are realizing the fake news of it

I was look at price quickly to down from 100% to 40%, bad correction happen.
They have short happy now. I thing they read some fake news and become fomo fast to help them owner to be rich

proTECH77

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Quote from: consideritdone on May 30, 2019, 10:53:30 AM

so BSV price almost doubled https://www.coingecko.com/en/coins/bitcoin-sv
and it is correcting now, people are realizing the fake news of it

They are ignorant of the curling device of the fake coin which was founded on the ground of scam. They are doing all they can to get the attention of the populist to buy their coin before the final dump. So, many thing has happened in this regard and the end result was coins dumped.

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Quote from: TheBusstop on May 29, 2019, 09:08:46 AM

a closer look at the market will send shivers down the spine. some coins, within the last few days are pumping seriously like Mad.
can someone please help with the idea behind BITCOIN SV Pumping please. On may 20th, this particularr coin was sold at 61usd. today. i soaring high at 176usd at the moment. i believe that is not the end and i think, the war with bitcoin cash ABC is not over.

look carefully at the 10 altcoins of the top, among the 10 altcoins two altcoins had a bigger increase... I'm talking about Bitcoin cash and BSV. But first I saw the cash bitcoin having a big price increase, and then came the BSV. This can not have been coincidence, it seems to me that there is a great competition between these two altcoins, and so I believe that they are competing to see which one will have the highest price to later compete with bitcoin. although I believe neither of the two altcoins has a chance to compete with bitcoin

hulla

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Quote from: AB de Royse777 on May 29, 2019, 09:09:48 AM

Quote

what is behind BITCOIN Cash SV Pumping

Ignorance

You're totally right because some people totally believed the story of Craig been the Bitcoin creator through the act of their ignorances and I also read that crypto scammers or Craig price manipulator team which wrote fake news about Craig been the true Satoshi are the one behind it.

monalia

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Fake copyright owning from the Craig wright and Incorrect media publication makes these coins to bump in the marketplace. Soon when the market is falling or growing that time also this coin will never grow for sure.

I believe he might see the big profit because of the bitcoin cash and BSV growth.

b3llsf1l3s

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So today it was only known that the pump that happened to BSV was more or less like fake news because of the actions of scammers. I think this is a very rare surprise, especially at a major coin like BSV, and the another thing is why the period of the BSV pumping is quite long enough. This thing is very suspicious for me.

https://www.coindesk.com/scammers-boost-bsv-price-with-fake-satoshi-confirmation

mk4

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Quote from: elewton on May 30, 2019, 09:16:35 AM

Many rumors related to BSV and the Chinese market are receiving this information very well and making the value of BSV today higher than $200. I think this price pump is really terrible because the value of BSV only stopped at 90 $ in 2 days ago and it only takes 2 days for the value of BSV to reach more than 200%. This is very unlikely in the crypto market and this can be considered a price increase that many people regret most when this coin is delist at Binance.

I'm not sure if I'm going to bite to this rumor. The rumor is that people on the BSV side is spreading false information to the Chinese, but Upbit was leading the pump days ago with the BSV/KRW trading pair; which is a Korean exchange. I'm not sure though.

consideritdone

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so BSV price almost doubled https://www.coingecko.com/en/coins/bitcoin-sv
and it is correcting now, people are realizing the fake news of it

elewton

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Quote from: xvids on May 30, 2019, 08:48:06 AM

The price of Bitcoin is soaring high so most of the alt-coin price when it comes to USD would also be pump .
I think it is just a FOMO there are plenty of fake news spreading about BSV and Craig has been pumping or shilling this coin and it may be working now.

Many rumors related to BSV and the Chinese market are receiving this information very well and making the value of BSV today higher than $200. I think this price pump is really terrible because the value of BSV only stopped at 90 $ in 2 days ago and it only takes 2 days for the value of BSV to reach more than 200%. This is very unlikely in the crypto market and this can be considered a price increase that many people regret most when this coin is delist at Binance.

xvids

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The price of Bitcoin is soaring high so most of the alt-coin price when it comes to USD would also be pump .
I think it is just a FOMO there are plenty of fake news spreading about BSV and Craig has been pumping or shilling this coin and it may be working now.

mk4

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Quote from: dothebeats on May 29, 2019, 04:52:08 PM

Quote from: mk4 on May 29, 2019, 11:30:23 AM

They're currently having the BSV CoinGeek conference in Toronto. As far as I know, fomo occurs sometimes when these conferences come up in the hopes that there will be good sort of "announcements" and such.

A small conference doesn't ensure a FOMO, and with today's age, announcements from third-party services dealing with such coins are more sought after and anticipated than any announcements concerning the said coins directly, so yeah, hard to attribute it purely to that conference.

It definitely doesn't ensure it, but it's the best reason I could think of personally. Some are also saying on Twitter that someone from the BSV side is spreading fake news in China or something; possible, but I really can't confirm it. Pretty difficult to trust news and social media nowadays.

LogitechMouse

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Manipulation is one reason why this useless stupid coin is pumping. Manipulation by various institutions and rich people out there. This is the main reason why this coin is pumping hard.

Since this coin is pumping, there are some stupid investors out there riding on the train hoping that they can get profit unto it. They are getting FOMO'ed. Lets not jump into this stupid coin

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When a coin is bumping too extreme irrespective of its usage then it is called manipulation trap so people who are following that coin to invest will get trapped and all their money will be gone.

CryptoBry

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Quote from: AB de Royse777 on May 29, 2019, 09:09:48 AM

Quote

what is behind BITCOIN Cash SV Pumping

Ignorance

And greed, of course. Just like what CSW is doing right now as he seeks more attention from the people in the cryptocurrency industry as well as in the outside world via the mainstream media, manipulations are obviously the game of the day. Let's just wish the people behind BSV and its supporters the best and more profits.

Update: Current price of BSV is $222.47 USD (88.82%)

dothebeats

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Normal pump and dump games to condition the mind of people into getting them hooked with BSV. Whoever is behind the said pump is obviously trying to trigger a FOMO event for BSV before they dump right into their faces. Not that I'm saying that all those rise were artificial, but seeing how fast the rise is for a relatively small market is beyond comprehension (at least on this instance).

Quote from: mk4 on May 29, 2019, 11:30:23 AM

They're currently having the BSV CoinGeek conference in Toronto. As far as I know, fomo occurs sometimes when these conferences come up in the hopes that there will be good sort of "announcements" and such.

A small conference doesn't ensure a FOMO, and with today's age, announcements from third-party services dealing with such coins are more sought after and anticipated than any announcements concerning the said coins directly, so yeah, hard to attribute it purely to that conference.

Oilacris

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Quote from: Ailmand on May 29, 2019, 11:42:51 AM

Quote from: mk4 on May 29, 2019, 11:30:23 AM

They're currently having the BSV CoinGeek conference in Toronto. As far as I know, fomo occurs sometimes when these conferences come up in the hopes that there will be good sort of "announcements" and such.

Agree with this. Most investors expect too much once they hear that the team is having a conference which affects the prices. People are too hopeful that there will be changes which could bring them a good profit through holding such coin in time. Even updates are being manipulated which is making announcements more unreliable.

You would need to take a risk since we do know with these kind of conferences do really affect price movements.It might not be reliable anytime but would really be

a worthy thing to be tried but well it would depend on your risk management yet not all fundamentals or news do reacts anytime with its price.

pixie85

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There are many reasons that I can think of. One of many is the article that said Craig has copyrighted the white paper. The article was FUD but it still made some people FOMO and buy SV.

Bitcoin bull market also could influence SV because it pushes the value of all cryptocurrencies including shitcoins.

pakhitheboss

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Most coin are having a good run now. BitcoinSV till May 26 was $88.00 and suddenly it has gone up to $178.71 that is about 48% in price hike. There is nothing new this has happened before. BSV falls under the category of pump and dump coin. The recent spike in the price is because of its founder Craig Wright’s Copyright Application. Read this article to know more - https://www.investinblockchain.com/craig-wrights-bitcoin-sv-market-cap-rises-by-1b-thanks-to-55-copyright-application/

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Quote from: Pursuer on May 29, 2019, 10:44:40 AM

so they are now trying to pour a lot of money in it and pump it to keep it alive and not let it die this soon. because that would mean all their hard work to scam people would go down the tubes.

I don't know if I agree with that or not--not that I could back up any argument with facts anyway, but that sounds like an incredibly stupid thing to do, even if it was your coin. All signs (at least from what I've read) point to BCHSV being moribund. When a coin gets delisted like it did, that seems like it would be its death knell, and at that point why even bother trying to keep it alive?

Have to admit I don't know much about this coin, but I keep reading bad things about it on the forum. Despite the pump, what we're seeing is probably a dead cat bounce.

Ever notice in the stock market that the stock of companies going bankrupt still continues to be traded, even if it's for pennies? For every seller, there's gotta be a buyer on the other end of the trade, and people will pretty much buy anything--even assets that are headed toward the graveyard.

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