Topic: Another Fud in the market and bitcoin volatility - page 2. (Read 450 times)

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.

FUD I think is not part of the crypto ecosystem, it is artificially made in order to make the market goes down, it is an attack to the cryptocurrency market.  Any FUD-related actions always die down and never stay.  This is proof that it is not part of the market ecosystem.

Anyway, I believe some organization often creates FUD if they wanted to bring down the price of Bitcoin so that they can accumulate at a lower price.  If someone had noticed, after a massive dump, the Bitcoin market always transitions and gets hyped just to be dumped again by these manipulators.  So I am with you when you say that we should ignore this FUD and have some faith in BTC.

Yes  I myself am truly blessed to be here because the forum today is just like a library house where there are lots books and librarian to guide you of course to your prefer destination. Many people actually sell off their Bitcoin due to the market volatility and sudden dip of price but the few intelligent ones that are aware of the wonderful works that  comes with the dip because thats when you get to opportunity to actually buy some reasonable amount of BTC to your portfolio and it won't can you less.

Honestly I don't know why this is happening but I think the government has something they are hiding from us which we deserve to know. It does not make sense for the government to be sanctioning an innocent exchange like Binance that had been the number exchange in the Crypto market and the Binance fud had made some curious scared investors to lose there coins because they mistakenly sent there BNB assets to the wrong wallet because of the news they had been hearing.
 Even though Binance is going to be penalized for any misconduct, this should not be huge and not to be accompanied by fud that could affect the whole market.

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.

Binance being accused of anything will be huge for crypto market to be honest. If it were anywhere true, this type of a thing will not just dip the market a bit but will crash it miserably, also I think just pushing charges and proving the charges are two different things and we recently saw that how Ripple came out very clean. So I am don't expect that SEC would be able to find anything big.

I agree in all that you've said. He's come into this before and this is not something new that him and his company have to tackle with.

At least for his own sake and interest, he'd protect and will do anything just to keep doing even if it means for the government to keep on doing such news of trying to intervene with his operations.

They do get that a lot and have already came into those situations and manage to at least stay on where they are now.

FUD is a part of the crypto ecosystem and you can't do anything about it, just learn to filter information and not react to it.
Think of yourself as blessed with being aware, being a member of bitcointalk. Imagine that those who sell during a FUD event lose money, but you don't, you ignore this. When Bitcoin fell to 28k, some people had to liquidate their longs, some sold in fear of a real crash, but a day later bitcoin was back to 30k. This is simple market manipulation made to play on your emotions.

There's always a fine line about the difference into those people who are running a business which doesnt involved crypto or simply they are really that under government rules and conditions on extreme manner and not

something that we could be able to see on exchange platforms knowing that funds or transactions could really be able to hidden out knowing the true nature of crypto on which anything couldn't really be able to monitored out and this is why its not really that shocking that government would really be liking to get engage on throwing up issues and other possible things that they could possibly be able to throw off as long it would be raising up these things and could stir up things around then they wont really be having doubts on doing so. Its true  that Binance wont really be just simply standing there and would really be just letting things to happen
or what government does really want to happen. When it comes to sentiments and news then these types arent shocking anymore, as been said that government does really like on trying out to touch on everything
and be making issues as they like. If you dont make out some countermeasures then it would really be a total mess up with your business and you would really be facing up a lot of trouble.
CZ wont really be that so dumb on not to do something in this regard.

He's got a lot of plan for sure and he's scattering his money on almost every business that he can invest with and not just on Binance.

Many do admire him and many don't and just don't like him being someone influential on this sphere. But we're also seeing two sides on this one, the government and also a known and rich person that runs a billion dollar business.

This makes me remember the past bear markets where bad news are released every months, like I am getting tired of all this already, are the government doing all this intentionally to keep crypto price down? Because all this nonsense is looking like manipulation to me, it seems to be intentional, it seems the media is doing all these to cause panic and put fear in the mind of investors, do not be deceived, it's all a big plan.

I won't be surprised if US start supporting crypto in 2024, I've come to think that this country can't be that stupid and watch other countries rushing web3 and stuff and they decide to do nothing but hate crypto? This is real life drama  .

Well this is why I do steer clear of some news articles sometimes whenever I heard some bad attempt to spread FUDs around the internet. The word "considering" is just like to bait the reaction of many people. 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.

I totally agree with you. This year literally every couple of weeks there is some bad "news" about Binance and/or CZ, and usually all these "news" are just rumors coming from unidentified sources, full of mistakes and reporting wrong info. It's clear that they try to destabilize the market, maybe some big fund wants to fill their bags at a better price before the ETFs get approved?

This looks like a mere speculation to me, and pressing the charges vs considering the charges are also too very different things. Binance is a pretty strong company, I hope they'll prevail over the US institutions or part on good terms. For now, the FUD doesn't mean there's any practical reason to panic, but I somewhat disagree with the op that it's strange how the news influences the market. In fact, it seems to me that the news is a primary factor, simply because people read about stuff, it provokes certain emotions, and those emotions motivate people to take action, both in case of FUD and FOMO.

Absolutely, this is quite a clever and whimsical analogy. If we were to liken the cryptocurrency market to a bustling NASCAR race track, BTC, ETH, XRP, and the rest could be thought of as the racing cars, while Binance, the exchange platform, merely serves as the racetrack itself.

In a more rational scenario, when the Binance exchange encounters issues, the impact should be spread more evenly across all coins, not solely affecting BTC. Binance doesn't have a direct control over BTC, but its influence on the sustainability of the BTC ecosystem is undeniably significant.

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.

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.

I didn't expect CZ to answer that news. Everything depends on the market. And after Bitcoin's temporary rise yesterday and now the price is dropping again, I guess that is a frequent fluctuation in the Bitcoin market. And even if there is positive or negative news circulating, it also depends on the reaction of traders.

If they don't care about the news, the market will go on as it is. But if not, the market will change direction as we are today. And it looks like Bitcoin price could drop to the $28k level again by the end of this week, so we have to be careful and prepare more money to buy Bitcoin at low prices.

It's better not to worry too much about the state of the Bitcoin market now because the price will increase at the right time. We just need to be patient and keep accumulating Bitcoin to have lots. And it looks like this weekend, the market remains on the decline.

It is a bold move to mainly tied the recent price action solely to Binance. And it is an unfortunate condition that you perceive Binance's CEO can affect the market.

The market prices generally just going sideways, there is no sudden pump or dump, and lastly, it is far from volatile. Neither there isn't any significantly widespread bullish news or bearish news. Many people obsess over what the regulator does to the centralized exchanges, but personally, any such move will prove and affect the longer terms that Bitcoin will stand still and strong without much effect.

What? Again!, just kidding. I mean, the last time they accused Binance with something they can drop charges off, bitcoin price have reacted pulled back a little bit, enough for some people to make good buying position.
Now they find another reason they can charge against Binance. Well, this is not something Binance can worry about, but for some investors who got easily carried away who sold their bag right after they heard the news. I'm not really sure if the US authority are serious about taking down Binance, they could've closed this case if they really are. Accusing someone over and over again without any solid evidence to close it, I don't know what else is happening here, except they are trying to pull down the price.