Calvin Ayres Clever Market Triggers Couldve Sparked Bitcoin SV Pump
There's an increase in analysts' chatter about the possibility of market manipulation behind Bitcoin SV's eye-catching gains. | Source: YouTube/Bitstocks TV
- The Bitcoin SV pump has caught many crypto investors by surprise.
- A Twitter user has been following BSVs price action and has a theory as to why the price of the bitcoin hard fork suddenly spiked.
- If market manipulation is truly the cause of the surge, investors should take caution as a massive dump is possibly on the horizon.
While bitcoin maximalists are excited about the king of cryptocurrencys over 24 percent pump, one bitcoin hard fork is leaving nearly everyone in a state of massive disbelief. Were talking about Bitcoin SV. The crypto-token spearheaded by the controversial Craig Wright and Calvin Ayre is now trading around $360. On Tuesday, BSV climbed as high as $458.74.
The massive green candle on Bitcoin SVs chart against USD has . Others say that the coin is pumping because . Nevertheless, one analyst sees the hand of Calvin Ayre skillfully controlling the value of the bitcoin hard fork.
Manipulation on Shady Exchanges Likely Explains the Bitcoin SV Pump
Is there anything organic about Bitcoin SVs pump? As a technical analyst, theres nothing organic about a 370 percent uptick in less than two weeks. Therefore, it is very likely that something foul may be happening.
Vin Armani, chief technologist of CoinText, says that hes been closely watching Bitcoin SV for quite some time. In a tweetstorm, Armani explains how Calvin Ayre is possibly . He claims that the Canadian entrepreneur started mining Bitcoin Cash a couple of weeks ago.
Armani suspects that Calvin Ayre is the unknown BCH miner | Source: Twitter
The CoinText CTO says that Ayre then sold his BCH for Tether. According to Armani, Ayre utilized shady exchanges to wash trade the BSV/USDT pair and send BSV into the stratosphere.
Armani may have uncovered Ayres pump and dump scheme | Source:
In the process, Ayre can control the value of both Bitcoin Cash and USDT. Armani says that Ayre can dump USDT as the value of BSV comes close to the value of BCH. This play is possible because .
Armani sees how Ayre can impact the value of three coins at his whim | Source: BSV Showing No Signs of Stopping
As of this writing, Bitcoin SV has corrected by over 21 percent from the 2019 high of $458.74. Although the retracement sounds terrifying, it is a slap on the wrist compared to the more than 370 percent gains posted this year. Even with the pullback, BSV is still ahead of Bitcoin Cash and Tether in terms of market cap.
Bitcoin SV overtaking two large-cap coins in a short period of time | Source:
According to crypto YouTube star Ivan on Tech, Bitcoin SV only needs to print another 100 percent gains and it will edge out Ripple as the third-largest cryptocurrency.
Ivan on Tech explaining how Bitcoin SV can continue climbing the crypto ladder | Source:
If Ayre is really behind this Bitcoin rally, then watch out. A pump of this magnitude will likely result in an ...