I might be late to reply on this topic as that fud has already over and market returned to its original state back then. Overall, i do agree with you on the fact that such news which are directly or indirectly related to Binance has some good or bad impact on the market. Which is dangerous. But in the long run we all know BTC is the best and due to its unique characteristics it is going to increase it value.
But in the short time, we might see such slight ups and downs, which are beneficial and harmful for short term traders mostly for ones who are newbie and are into trading in short timespan candles. Because currently a lot of good news are coming but still BTC is holding its range from $28,800 to $29,800 which seems to be breakable easily but BTC is in consolidation state currently. What i think is, it's all just a correction as we all know BTC will hit $40k in this year. So, either it's short term or long term we all should not act in the play of such FUDs, by following our bad instincts. Better to remain calm.
Topic: Another Fud in the market and bitcoin volatility (Read 450 times)
legendary
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Don't listen to this man, panic sell so you can save your money from depreciation because of the temporary price dump, bitcoin is volatile so you will never know what's going to happen to your money. When a FUD like this happens, remember that you need to save your money first before believing that bitcoin will eventually bounce back. Remember that you can always get back in when the price starts going up again. Hopefully, newbies will take this advice because I want to buy and accumulate bitcoin at a much lower price 
Selling at the top to later buy back in at a lower price is definitely one of the great ways to accumulate and increase bitcoin holdings, i personally support this strategy, but that is only if the person or investor have some experience with trading, a newbie who has absolutely no knowledge of trading might just end up buying back at a higher price if they try such a strategy, so for such type of people, the best advice still is for them not to panic sell, but hold tight no matter what, and if the price gets too low, seize that opportunity to buy even more bitcoin so as to bring your total buying average cost lower, wit this, when the price of bitcoin increases, you will earn more profit. 
OP is using terms such as volatility and DUMP.. yet the price for the last 10 days have still remained in the average range of $29k-$29.7k
this is just normal wiggles.. 3% range for 10 days is not volatile, nor dump
Or He do not really understand what FUD means in the market and how this means to affect the volatility because like you mentioned , bitcoin is still holding at 29k and only drops to 28k few days ago but in short period only again recovered to 29 back.this is just normal wiggles.. 3% range for 10 days is not volatile, nor dump
though Fud will keeps banging the market but this is not how the effect means.
not like in the past that we have limited way to learn and understand crypto, now it is all over this forum and all over the internet.
I think Fud is important for both new and old, newbies will be nervous and panicking when Fud comes and they don't like having too much Fud in the market. But for those with experience in the market, FUd will make them happier because newbies will panic sell and that's when they go shopping at a high discount to enrich their portfolio. That's also what the sharks are doing quietly, they spread Fuds to scare the newbies are panic selling so they can buy it cheaply.
OP is using terms such as volatility and DUMP.. yet the price for the last 10 days have still remained in the average range of $29k-$29.7k
this is just normal wiggles.. 3% range for 10 days is not volatile, nor dump
Or He do not really understand what FUD means in the market and how this means to affect the volatility because like you mentioned , bitcoin is still holding at 29k and only drops to 28k few days ago but in short period only again recovered to 29 back.this is just normal wiggles.. 3% range for 10 days is not volatile, nor dump
though Fud will keeps banging the market but this is not how the effect means.
not like in the past that we have limited way to learn and understand crypto, now it is all over this forum and all over the internet.
Don't listen to this man, panic sell so you can save your money from depreciation because of the temporary price dump, bitcoin is volatile so you will never know what's going to happen to your money. When a FUD like this happens, remember that you need to save your money first before believing that bitcoin will eventually bounce back. Remember that you can always get back in when the price starts going up again. Hopefully, newbies will take this advice because I want to buy and accumulate bitcoin at a much lower price
More pressure on Binance, I think CZ has become familiar with this, I don't expect it to have much impact on the market.
Not only CZ but people who are trading in their platform. If ever CZ is found guilty and the SEC release a ceased and deceased order for Binance to shutdown, I believe the users will be given enough time to withdraw their funds from the platform. Besides Binance is not the only exchange where people can trade, there are lots actually.
Another thing is that people who are into cryptocurrency are also used to this kind of FUD tactics of SEC and other government. The China's hot and cold treatment of Bitcoin really makes a good practice to people on how to react on the news like the @OP's stated.
as they know about such scenario will happen, i strongly believe that CZ and his team is already prepared for this battle. they have all the resources to make things right, so i don't think their case will push thru to a very damaging one.
No matter how strong the CZ and Binance is at the moment, there is always a possibility of a bad sworn event and therefore we should be cautious about it.
We have seen FTX collapsing despite the fact that they were considered one of the emerging and 2nd best exchanges after Binance. SAM was considered to be a strong trusted person and FTX was considered to be an exchange with enough resources to backup but everything failed.
So anything can happen with Binance too especially when SEC is after them with full force. What is required from us is to keep our funds out of binance so that if any mishap happens, our funds are not frozen or lost in the exchange.
More pressure on Binance, I think CZ has become familiar with this, I don't expect it to have much impact on the market.
Not only CZ but people who are trading in their platform. If ever CZ is found guilty and the SEC release a ceased and deceased order for Binance to shutdown, I believe the users will be given enough time to withdraw their funds from the platform. Besides Binance is not the only exchange where people can trade, there are lots actually.
Another thing is that people who are into cryptocurrency are also used to this kind of FUD tactics of SEC and other government. The China's hot and cold treatment of Bitcoin really makes a good practice to people on how to react on the news like the @OP's stated.
as they know about such scenario will happen, i strongly believe that CZ and his team is already prepared for this battle. they have all the resources to make things right, so i don't think their case will push thru to a very damaging one.
and besides, if in case worst comes to binance, we really have other trading platforms to go to. it is by no means, end of crypto trading.
the fact that people worry and stress in their mind whenever there is negative news and a sharp drop in the value of Bitcoin. But why not use this chaotic scene to make a profit? In every market one person's gain is another's loss and vice versa. Therefore, this is the time when we should look for buying opportunities at cheaper prices.
Maintaining a long-term vision and controlling emotions is a must in this market. Of course this takes confidence and patience to be happy with your investment decisions and not let these short-term fluctuations take away your long-term gains.
Maintaining a long-term vision and controlling emotions is a must in this market. Of course this takes confidence and patience to be happy with your investment decisions and not let these short-term fluctuations take away your long-term gains.
Very true, when others are afraid, we should be greedy, and wealth can only be found in risk, it is not born and given to the masses. Bitcoin investment is like a financial game, money from the weak hand will go to the diamond hand and that's how the market works. If we understand the laws of financial markets, we will see that every time Fuds hit the market, we should take advantage of it because it's our chance. This is not the time to be afraid and run away.
More pressure on Binance, I think CZ has become familiar with this, I don't expect it to have much impact on the market.
Not only CZ but people who are trading in their platform. If ever CZ is found guilty and the SEC release a ceased and deceased order for Binance to shutdown, I believe the users will be given enough time to withdraw their funds from the platform. Besides Binance is not the only exchange where people can trade, there are lots actually.
Another thing is that people who are into cryptocurrency are also used to this kind of FUD tactics of SEC and other government. The China's hot and cold treatment of Bitcoin really makes a good practice to people on how to react on the news like the @OP's stated.
If I was like a nervous investor, I would be shaken to just the headlines itself, but nah I ain't like that.
This FUDs will continue to just shake people up unless they're really into their hodlings.... just like me and other people that don't care about these attempts.
The problem is that many people are nervous investors because they don't fully understand bitcoin, so the funds/whales will always take advantage of these people who are willing to sell at loss just because they read some unconfirmed news somewhere on the internet. I find it interesting how people choose to take a loss when we know that sooner or later bitcoin will go up again. But hey, it's their money...This FUDs will continue to just shake people up unless they're really into their hodlings.... just like me and other people that don't care about these attempts.
While there are some part of it that I should learn, it isn't really like "mandatory stuff" to learn. Just like how you're not required to learn the whole technical parts of your computer if you're just going to use it as a casual user.
The movement from $28,000 to a price close to $30,000 is not some bullish news and market pumps. It is a natural movement for the price. We cannot say that the price rose unless the rise was above $38,000. All prices below that are a price move that has continued in The same movement since the moment of breaking $28,000.
Yes one cannot say that market is in Bull run after one percent increase in price as it is usual ups and downs. If the price increases and touch 40k$ value then we can say that yes now Bull run initiate so always try to understand the market as single value alteration does not decide the reality of market.
If the price moves back from 30k$ to 28k$ then everyone thinks that price goes down and now they will loss all their money but they don't remember that this alteration is feature of bitcoin which does not justify the bear and bull Initiation.
More pressure on Binance, I think CZ has become familiar with this, I don't expect it to have much impact on the market.
the fact that people worry and stress in their mind whenever there is negative news and a sharp drop in the value of Bitcoin. But why not use this chaotic scene to make a profit? In every market one person's gain is another's loss and vice versa. Therefore, this is the time when we should look for buying opportunities at cheaper prices.
Maintaining a long-term vision and controlling emotions is a must in this market. Of course this takes confidence and patience to be happy with your investment decisions and not let these short-term fluctuations take away your long-term gains.
Maintaining a long-term vision and controlling emotions is a must in this market. Of course this takes confidence and patience to be happy with your investment decisions and not let these short-term fluctuations take away your long-term gains.
If I was like a nervous investor, I would be shaken to just the headlines itself, but nah I ain't like that.
This FUDs will continue to just shake people up unless they're really into their hodlings.... just like me and other people that don't care about these attempts.
The problem is that many people are nervous investors because they don't fully understand bitcoin, so the funds/whales will always take advantage of these people who are willing to sell at loss just because they read some unconfirmed news somewhere on the internet. I find it interesting how people choose to take a loss when we know that sooner or later bitcoin will go up again. But hey, it's their money... This FUDs will continue to just shake people up unless they're really into their hodlings.... just like me and other people that don't care about these attempts.
I could say that the government is hunting these big market players and exchanges and Binance if one of their targets. If they are done with this one issue, they'll be making for another issue until such time that the owner will give money to the government in a form of protection. This is really going to happen and we know that the government has been bulgar to such things, money under the table. If you have money to give, they will just skip you but if not, they keep hunting you and never stop.
Well, if ever that was true, then we can expect a dump...this really makes people afraid of adopting Bitcoin.
Well, if ever that was true, then we can expect a dump...this really makes people afraid of adopting Bitcoin.
Unless events like FTX collapsing or something similar will put a dent on the market as what we have seen last year. But in this case, SEC vs Binance, it can't also as much but I doubt that that the market will react negatively and putting sell pressures from us.
Maybe temporarily it can create sell pressure knowing that people always react on the fud they read since when they see that there big negative news occur it means a dumping situation will happen. This became a normal thing but as always it became silent when many days pass and that one is good to wait since for sure accumulation stage will happen since mostly we can see a recovery after that. Maybe the same with that case its better for people to relax since we all know how fud end up and the only loser with this scenarios are those people who easily get panic on certain situation.
I could say that the government is hunting these big market players and exchanges and Binance if one of their targets. If they are done with this one issue, they'll be making for another issue until such time that the owner will give money to the government in a form of protection. This is really going to happen and we know that the government has been bulgar to such things, money under the table. If you have money to give, they will just skip you but if not, they keep hunting you and never stop.
Well, if ever that was true, then we can expect a dump...this really makes people afraid of adopting Bitcoin.
Well, if ever that was true, then we can expect a dump...this really makes people afraid of adopting Bitcoin.
Unless events like FTX collapsing or something similar will put a dent on the market as what we have seen last year. But in this case, SEC vs Binance, it can't also as much but I doubt that that the market will react negatively and putting sell pressures from us.
Maybe temporarily it can create sell pressure knowing that people always react on the fud they read since when they see that there big negative news occur it means a dumping situation will happen. This became a normal thing but as always it became silent when many days pass and that one is good to wait since for sure accumulation stage will happen since mostly we can see a recovery after that. Maybe the same with that case its better for people to relax since we all know how fud end up and the only loser with this scenarios are those people who easily get panic on certain situation.
Binance and CZ not only have an influence on the market, but also have a significant impact on the crypto market. The market price is moving sideways because this is just unofficial news, I mean nothing serious has happened yet. So the market doesn't react strongly, but if the government really accuses Binance of forcing them to shut down then you'll see what the consequences are.
Bitcoin will always exist and continue to grow in the long term, but in the short term it cannot avoid frenzied dumping if Binance really has the same problem as FTX.
Bitcoin will always exist and continue to grow in the long term, but in the short term it cannot avoid frenzied dumping if Binance really has the same problem as FTX.
Which is truly a good thing. I would favour Bitcoin to thrive without excessive centralized exchange leading and controlling as a "gateway" of people entering Bitcoin. Whether it will be replaced with another one, a more diverse centralized exchange competition, or the user would favour decentralized exchange. Those are a few possible options. Also, I did not mean to discredit or question CZ influences but rather omit them. Bitcoin is big enough not to be significantly affected by a single person.
I don't think that's going to happen, the growth of bitcoin and the crypto industry wouldn't be as great as it is today without centralized exchanges, although this would make many bitcoiners unhappy but it is true. Centralized exchanges play an important role in the market whether we like it or not. Decentralized exchanges still have a lot of limitations, aside from providing privacy for users, they are nothing better than centralized exchanges. Honestly, if DEXs still can't improve, they will never be able to compete with CEX.
Obviously, the conveniences that centralized exchange gives couldn't beat decentralized exchange, currently. Liquidity issues are also a concern. The main point I try to raise is that, ideally, it will be good if cryptocurrency exchange is more diverse in terms of competition. Although, in a certain manner, say the Pareto distribution, will lead only a few and a handful cexs leading the markets. That is why I hope decentralized exchange could thrive and be able to offer solutions. A more direct and P2P approach of people transacting FIAT with crypto, especially bitcoin.
If you are talking about diversity to create competition for the benefit of users, I support that idea. But I wonder, I'm not a techie and programmer, but why is it so hard to build a decentralized platform that offers CEX-like features and services? The DEX exchange is not new in the market, it has been around and developed for a while but so far, it has not had too many significant improvements to be able to compete fairly with the CEXs. There are too many limitations and that is the reason why many people look to CEX for its convenience and convenience.
OP is using terms such as volatility and DUMP.. yet the price for the last 10 days have still remained in the average range of $29k-$29.7k
this is just normal wiggles.. 3% range for 10 days is not volatile, nor dump
This is what we should be caring about. Bitcoin has been stable and just because it was once over 31k, doesn't mean that it keeps dropping even today, a lot of people think that way but that's not the reality and we should not really be worried about it at all. I feel like this should be as common as it gets and I do not think that it would be that easy or difficult at all.this is just normal wiggles.. 3% range for 10 days is not volatile, nor dump
I hope that people could make some changes one way or another, and I hope that it gets to a point where we can say it is a lot easier, but that's just not the case for most situations. I know that it will take a bit of a while, but if we can keep it going for as long as possible then we are going to be fine about it and not going to worry about it at all.
Binance and CZ not only have an influence on the market, but also have a significant impact on the crypto market. The market price is moving sideways because this is just unofficial news, I mean nothing serious has happened yet. So the market doesn't react strongly, but if the government really accuses Binance of forcing them to shut down then you'll see what the consequences are.
Bitcoin will always exist and continue to grow in the long term, but in the short term it cannot avoid frenzied dumping if Binance really has the same problem as FTX.
Bitcoin will always exist and continue to grow in the long term, but in the short term it cannot avoid frenzied dumping if Binance really has the same problem as FTX.
Which is truly a good thing. I would favour Bitcoin to thrive without excessive centralized exchange leading and controlling as a "gateway" of people entering Bitcoin. Whether it will be replaced with another one, a more diverse centralized exchange competition, or the user would favour decentralized exchange. Those are a few possible options. Also, I did not mean to discredit or question CZ influences but rather omit them. Bitcoin is big enough not to be significantly affected by a single person.
I don't think that's going to happen, the growth of bitcoin and the crypto industry wouldn't be as great as it is today without centralized exchanges, although this would make many bitcoiners unhappy but it is true. Centralized exchanges play an important role in the market whether we like it or not. Decentralized exchanges still have a lot of limitations, aside from providing privacy for users, they are nothing better than centralized exchanges. Honestly, if DEXs still can't improve, they will never be able to compete with CEX.
Obviously, the conveniences that centralized exchange gives couldn't beat decentralized exchange, currently. Liquidity issues are also a concern. The main point I try to raise is that, ideally, it will be good if cryptocurrency exchange is more diverse in terms of competition. Although, in a certain manner, say the Pareto distribution, will lead only a few and a handful cexs leading the markets. That is why I hope decentralized exchange could thrive and be able to offer solutions. A more direct and P2P approach of people transacting FIAT with crypto, especially bitcoin.
I could say that the government is hunting these big market players and exchanges and Binance if one of their targets. If they are done with this one issue, they'll be making for another issue until such time that the owner will give money to the government in a form of protection. This is really going to happen and we know that the government has been bulgar to such things, money under the table. If you have money to give, they will just skip you but if not, they keep hunting you and never stop.
Well, if ever that was true, then we can expect a dump...this really makes people afraid of adopting Bitcoin.
Well, if ever that was true, then we can expect a dump...this really makes people afraid of adopting Bitcoin.
But the thing is that the government can't do anything about it, they can't really stop crypto or bitcoin. They can continue with their witch hunt, but they can't chase everything as the market is too big.
Unless events like FTX collapsing or something similar will put a dent on the market as what we have seen last year. But in this case, SEC vs Binance, it can't also as much but I doubt that that the market will react negatively and putting sell pressures from us.
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