Topic: Another Fud in the market and bitcoin volatility - page 3. (Read 450 times)

never let past mistake repeat, we always hear bad news that make us afraid to hold bitcoin and bitcoin price always rise when the time is come. I see many people regret about their decision to sell bitcoin at wrong time or procrastinating to buy bitcoin. I think those people who easily afraid of bad news about bitcoin should do DCA only. as far as I know, DCA is always become good method to gain profit in bitcoin investment

Yes, bitcoin is not dependent on binance or any other centralized institution, but what is happening is that binance is making a huge impact on the market including bitcoin. So we can't help but care and we care about bitcoin price not bitcoin usage, so people will pay more attention to these news.

Whales or any wise investor will not hold their bitcoins on exchanges, but when they want to sell them, they will use centralized exchanges as they are highly liquid. Like it or not, Binance or centralized exchanges are an integral part of the market.

Its surely should just pass as said because the last thing anybody wants now is a downturn in one of biggest exchange if not the biggest itself in the crypto world because that will really cause a lot of fuzz of the whole arrangement of things prior to the much expected bull run. I mean we all saw what happened to the market value of bitcoin when the sec actually sued binance, it affected bitcoin and everyother crypto in the market but just as CZ has proven to be reliable, he certainly claimed all the accusations to be false and am pretty sure nothing the sec is trying to set up will actually work against CZ and binance.

now investors are smarter at understanding the market, which doesn't really matter if FUD is spread, we can see the difference between FUD in 2018 and now, where at that time many people panicked after the anti-climax of the market reached its highest point, it was different with at this time, where even though there was a bearish trend, it was not as extreme as that time. therefore, because we are bitcoiners, we must be good at filtering news so that we don't lose ourselves

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.
though Fud will keeps banging the market but this is not how the effect means.

That is what I was thinking as well, this does not seem to change at all what is happening with Binance and the SEC, so my only guess is that they are trying to exploit the lawsuit currently in place as much as they can in order to generate FUD and try to destabilize the market, however all of this is useless, even if Binance was brought down and the market crashed as a result of its disappearance, at the point a new CEX or even DEXs could emerge and the market will simply return back to its current levels, so at most the best the SEC can hope to win with all of this is a little bit of time and nothing more.

Maybe the OP using only lower time frames that make him thinks that it dumps that much or maybe just antcipating that it will sweep the swing low to get the price higher. In my opinion, whatever the news we heard against Binance this days is not new to us. We all know that Binance is the most known and top 1 exchange. If there's a news where Binance is involved, it will gives negative or positive effects to their users and also to all crypto users. So since manipulators don't have other ways to manipulate the market, they're using Binance as alternative. We should be aware of this.

Sometimes it would really be acting out as a shake off because not all the time these news would really be affecting out the market on which it would really be just that normal that whenever negative things happen then the
market reactions which it is typical but there are moments which it cant make out some significant impact and to those who are really that impulsive when it comes to fundamentals or news do usually make out some move.
This is why it would really be just that right that you would really be making that significant action or decisions in times like this on which you would really be going for neither waiting up for bottom or would immediately making out some buying position on the time that you would be able to have the opportunity on doing so. Fud and other hypes in the market could really be seen and if you arent that careful enough then you might really be ending up on making immediate action which it would turn out to be a bad decision since the market didnt really make out such movement on what you had anticipated. This is case to case basis and just like on what others been saying that not all the times on which prices would move out according into those news whether it would be positive or negative. It would be still vary on some certain conditions or situations though.

You are right; perhaps this is not a news that the exchange has crashed, so even if the market takes a little downturn, it can quickly recover again, more sharply than some people expected. I might be wrong, though, but I think the US is just trying to drag Binance into the mud, because I really don't think that with the reputation that the exchange has managed to build, CZ would just wake up any day and try to ruin everything for himself. Even with the past challenges that he has also faced with the SEC in the past month, I think he is even more careful in running his exchange. Whatever it is, I know this will all pass, and the market will not really see much downward movement.

The US and Binance continue to engage in occasional drama. When you think the case has been resolved amicably, the US will bring it up once more to rekindle the anxieties of bitcoin investors on bitcoin price.

The US does not want to act maturely by telling Binance to leave the US, and Binance does not want to leave the US on its own to preserve its reputation. They both continue acting like cats and rats that are glued to one another, without trying to reveal their real issues to everyone which always leads to unnecessary allegations given to Binance by US

This always happens, every time there is good news, there will be following bad news and other FUDs
No need to worry, mate. let them fix their work and problems. What we need to do is to stay calm and patient. this will end and the market will go on much better again. Because Bitcoin market volatility is really always like this.

If you are worried, don't check market conditions this time, because right now the market is dropping very hard. So, if this makes you worry, then avoid looking at the market first. Be mentally strong because this is how crypto works. Or enjoy the upside by investing DCA in Bitcoin while the price is still dropping.

I don't really understand how this new fraud charges differs from the current lawsuit filings the SEC has against Binance? It doesn't make much sense to me and it's just one of the many Binance FUDs that has happened in recent times. It's funny how hard the government is trying to bring down Binance since they know that an attack on a CEX like binance that controls majority of the volume could hurt the Bitcoin market.

This new fud is either repercussions from FTX fallout or just another Baseless binance fud. So far, CZ hasn't said anything so I reckon it's not serious at this point.

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

FUDS and negative news arent something that new in this market neither on crypto or into those traditional markets on which these kind of fundamentals could neither give out effect or not but since we
are speaking about Binance which turns out to be the most known and commonly used or popular exchange platform that we do have on crypto space then on every thing that it would really be getting involved would definitely making out some effect and now that charges that been announced then what would you expect? Community or investors would really be having that sell off and we did really
able to see since the price hits up again on 29k but didnt really go that below which does mean that there's a strong support that who would really be that willing on buying with those low levels on which
it would really be just that normal because they do believe that the market wont really be going that low because of these news. Also, its not something new about these kind of sudden negative  news
where government do really loves on stirring things up and trying out to make some shake off on this market but eventually ending up on getting ignored.

He's been found doing shady stuff in the past at least with Binance USA. Not shady as in FTX bullshit type but he's been made aware of the fact that he's allowing altcoins that are not accepted by the SEC to operate and be traded within his platform. That's about it I guess. I don't think this counts as a fraud charge especially since there's no actually fraudulent activity going on, and I can't be bothered reading the article cause as you said it's just them reheating the same shit that China said so they can put fuel to the fire. If push comes to shove and cryptocurrencies pull out from the US I don't think it's going to cause massive long-lasting effects to the state of the market, it's not like they're the biggest adopters of cryptocurrency anyway. 

Nothing new, just the way this works. Bitcoin is highly illiquid with just a fraction of the supply being traded and deciding the price for all the rest. We've seen a huge outflow from exchanges as people are holding and everybody is waiting for the halving and ETF rulings, so there's not much buying going on. Those who wanted to buy already did that sub 20k and those who are lagging want to see signs of a bull market...

I don't get the complaining about the volatility. If you're a trader you should love it and holders don't care about that as they don't react to 5% ups and downs that happen every month. What we holders care about is 100% up. That's where we wake up and start thinking what we're going to do in this coming bull market.

Isn't Binance on the hot seat for some time now?  Ever since the collapse of FTX, Binance had been the focus of the US SEC filing different lawsuits against them.  I do not think that this dump is caused by the news since the issue had been going on for months.  It is possible that someone short their trade the moment they see a little profit from the rebound.

I also agree that we should stay vigilant and don't just lose hope like those weak hands and sell our holdings.  We all know that halving is just around the corner and sooner or later the market may possibly transition to bull market and selling our Bitcoin today will only make us miss out on the possible bigger profit.

Haha, Fud or what I don't know but the point is currently Black Rock and SEC may collab with each other haha it's my view and a fan theory in that the SEC is going to approve the BTC ETF, and in the combined power they are going to take over the huge capital of market in this way they can directly hit Binance.

Why Binance because Binance is the Altcoin king so the SEC and Blackrock are going to push Bitcoin and more possibly ETH to directly hit the Altcoins market and trap Binance into a Hard time where their actual motive is to have greater control over the market

i don't think CZ and the team are just sitting on this potential problem. for sure, they already know how to tackle such issues. they know, they have been a subject of scrutiny for so long already. so high likely that his legal team already did what should be done to face possible legal actions.
they have their own resources, so for me, there should be no problem addressing their potential issues with the authorities. but i don't think CZ will just let the government shutdown his business without a battle.

FUD or not.

It's always been like this that Binance has been hot in the eyes of the US government. So any branch of the US government that tackles with them, expect that it's gonna make the market move again.

I'm not sure if these are intentionals or they've got some proof with these actions and CZ is actually nasty things in the market. I'm wondering and waiting to see if there will be another batch of proofs.