Recent Bitcoin SV's pump and dump

PiroSense

Sentry
Staff member
Ambassador
Joined
Jan 14, 2020
Posts/Comments
41
Received Likes
21
Location
Philippines
TECH
0
Bitcoin SV's market price has recieved significant gains on Jan. 14 - 15, reaching nearly $450 from its relatively stable price on $170 (almost +164%).

The recent pump, as they say, must have been because BSV's founder Craig S. Wright (CSW) has claimed and released a list of addresses that potentially contains the 1.1M bitcoins from the Tulip Trust Fund (read more about his case with Kleiman
here). You could also read about the news regarding about the addresses here.

Such positive news that CSW 'might' have a hold of those 1.1M bitcoins surely generated some FOMO and hype, and thus such price increase is not surprising.

Though it was short lived, because for most of us, even me, believes the list of addresses doesn't prove anything. Blockchain is already transparent and such list could just be extracted from the blockchain without him having the keys actually to spend those coins.

Unless he could sign a message using one of the addresses's private key (preferrably those with huge amount), then he might be able to generate another hype and lift BSV's name again in the game.

On the time of writing this, BSV is currently at $290.66.
 
  • Like
Reactions: spodermen

Quantum

Founder of Emerging.Technology
Staff member
Admin
Moderator
Joined
Jul 8, 2018
Posts/Comments
295
Received Likes
97
Location
Emerging.Technology
TECH
0
It was a great opportunity to generate short term profits, and to be honest all of the drama that always surrounds CSW is entertaining as well.

CSW is probably the most divisive person in the crypto industry and receives a lot of support from BSV holders and a lot of hate from the rest of the community for claiming to be Satoshi without legitimate proof to date
 

spodermen

Affiliate Member
Staff member
Ambassador
Joined
Jan 13, 2020
Posts/Comments
32
Received Likes
26
Location
Philippines
TECH
0
It was a great opportunity to generate short term profits, and to be honest all of the drama that always surrounds CSW is entertaining as well.
Man, CSW was all over the talk in bitcointalk forum. Have read a lot of hates towards him, and I know CSW knew this coming but he rather go all through to it. What a man of confidence... inspiring at some point.
 

Quantum

Founder of Emerging.Technology
Staff member
Admin
Moderator
Joined
Jul 8, 2018
Posts/Comments
295
Received Likes
97
Location
Emerging.Technology
TECH
0
Well no one can argue with BSV being the 5th largest crypto in the world and having some really strong growth recently.