Something Wierd is Happening With Bitcoin

[sirty143]

Something odd is happening with bitcoin at the moment, and I am not sure why.

In just the past 24 to 48 hours,  we have seen a HUGE surge in BTC price of about 10% of more.

However,  what's really wierd,  is that  at the EXACT SAME TIME, starting 6:25pm on Jan 13th,  all 3 bitcoin forks,  BTC, BCH and BSV  jumped and rose significantly, in lock-step.

Now this may not be anything new,  but what is really exciting here is the amount of returns in the past 24hours:

1.  BTC  - 10% or so,  $8100 to $8700
2.  BCH -  25% or so,  from $268 to $330 range
3.  BSV - 100% or so,  from $170 to $330

Definitely some interesting things going on here…

Was I the only person un-aware of a price correlation?

Or is someone buying BTC that has NOT been forked yet,  then profiting from the triplicates,  thereby raising the value of all at the same time?

https://snipboard.io/yOLT8A.jpg
https://snipboard.io/7Hwr04.jpg

Please, share your thoughts....


Source: Publish0x

[Alcor]

Yes, I noticed that Bitcoin SV is now simply surprising with its large price increase. It was suggested that this could be connected with some court decisions in favor of Kreig Wright regarding the recognition of him as Satoshi Nakamoto or because in February it is expected that the fork will be separated from Bitcoin SV. Other forks of bitcoin may rise in price, because now there is a general increase in the cryptocurrency market. It is necessary to observe what will happen next.

[Latunes]

In my opinion, this is always the case when bitcoin grows, the rest of the coins do the same. Ethereum has also risen in price, but for some reason it did not surprise you. Bch and BSV are the children of bitcoin, of course they follow the direction of the father. There will be the same picture when bitcoin goes down. I do not understand why you are surprised? And if you are simply surprised at a price increase, then everything is also simple: news. Look what is happening in the world and everything will become clear.

[Fenix]

Apparently, the price of Bitcoin SV has been growing for some time due to increased attention to Craig Wright, who is trying to prove in court that he is Satoshi Nakamoto. In early January, the court overturned some previous court decisions in favor of Wright and many regarded this as his success in general. However, Craig Wright once again did not confirm the possibility of owning Satoshi Nakamoto's wallets. Therefore, the price of Bitcoin SV has already dropped to $ 267. If he does not do this before the beginning of February, and before that time the court has set a deadline for this action, then this coin is unlikely to expect good growth in the near future.

[Altcoin1998$]

Actually at the beginning of new year 2020 bitcoin market pump is a miracle of cryptocurrency market cap. Bitcoin market improving through the bottom to $6000 to $9000 differ $3000. It is a wonderful forecast of halving. I am sure something better for us in current year 2020. Bitcoin will break all others previously recorded.

[Uina]

I've noticed the surge in the past few days but just ignored the reasons why. I'm happy to see BTC and ETH on a bullish trend in the past few days but I checked Binance now and seems like it's on a bearish trend now but it's still better than before.

[Andruha1993]

Personally, I do not see anything interesting or surprising. Everything is as usual. There was a slight increase and now there will be a slight drop. Therefore, you can relax and wait for further price increases.

[alltalk]

~~ I noticed that Bitcoin SV is now simply surprising with its large price increase. ~~

It is experiencing a big increase now but be careful of the bad decline later on. I think it is still safer to choose Bitcoin even if the increase is not so high as BSV. In my point of view, the most consistent coin to rise up is still Bitcoin. While others are too unstable and often surprising both in decline and rise up.   

[Uina]

Apparently, the price of Bitcoin SV has been growing for some time due to increased attention to Craig Wright, who is trying to prove in court that he is Satoshi Nakamoto.

He has been making headlines so I guess that is the reason why. If the issue fades then expect a decline but knowing that this coin is still a part of Bitcoin, I guess it won't go very low.

[Luckyperson21]

No need to be confused with that. It is common. BCH, BSV, BTG, are still in demand this year. proven even though it has gone down, still, the price has gone up several times. Take advantage of this moment. This moment will profit you.

[damsix]

Bitcoin SV does have the goal of becoming a coin that is dumped and thrown away because I'm sure after the price increase that Bitcoin SV will go down in price.

We all still remember when the split from Bitcoin Cash turned into Bitcoin Cash ABC and SV.
Bitcoin SV raises the price quickly and then quickly lowers the price too.

[aiviaa485]

Bitcoin SV does have the goal of becoming a coin that is dumped and thrown away because I'm sure after the price increase that Bitcoin SV will go down in price.

But I see that BitcoinCash ABC and Bitcoin SV are now green, even though their prices are far behind Bitcoin.
Then I think that Bitcoin SV still has a price value when compared to Bitcoin Gold and Bitcoin Diamond.

But if we look at OP, it is certain that the OP is only discussing Bitcoin and price changes on Bitcoin SV.

[Istiak]

Maybe it shows a whale move. Maybe price going to jump again who knows. Whales are controlling the market mostly so we can not say exactly what will happen next.