Topic: Another Fud or Its Reality? BTC is Down Again - page 2. (Read 375 times)

Sick and tired of this bullshit FUD of SEC, they are really making moves and desperate to take the biggest exchange of crypto and that's Binance. FUD has been there for many years now but they never succeed in the end because crypto always win no matter how hard they tried. OG crypto people will just laugh this kind of news because we all know this will not last long enough as the market rally back up again. Nonetheless, Binance will fight SEC until the end and they know that CZ will never back down.

Binance been sued by SEC will not have any big impact on bitcoin price,bitcoin has survived so many challenges and the price is 25k. This shows that bitcoin will overcome whatever plans the US government are bringing to ban crypto of to have a bad side effect on bitcoin to go very dip will only last for a short. As for Binance,investors will transfer their coins to a safer wallet to be on the safe side.

Panic not,this is not new anymore instead you should see the dip as an opportunity to buy more to your bitcoin portfolio because soon the price will pump again. Relax and be happy that bitcoin is a store of value and will always prove to the government that it is beyond their control of bringing bitcoin down. The most important thing is that
1BTC = 1BTC.

Yeah, I also see it as a FUD, and SEC has done it not just once but many times and they've done it as well against Ripple. There are basis but I wouldn't let myself be invested in this news. While those people claim that if Binance goes down then crypto will go to zero. Come on, these people just want everyone to panic so that you'll be selling what you've got and they'll be buying all of those cheap Bitcoins. Again, this market isn't for the fainted heart and any news that's related to these exchanges doesn't have something to do with Bitcoin directly. Yes, they could affect the price but that's temporary.

Sure enough, the present-day legal kerfuffle engulfing Binance and its magnetic chief Changpeng Zhao has rocked the crypto scene like a quake. You've painted a lucid sketch of the turmoil with your insights, but allow me to chip in my two cents. Straight off the bat, from a scholarly standpoint, it's a must to remember that markets thrive on intel and sentiments. The gossip of court cases against such a heavyweight crypto platform could quite naturally spark a sell-off frenzy, especially among the freshies and the risk-shy folks.

But let's put this in perspective. Binance has had its share of legal run-ins before, and still, it's been soldiering on, outdoing itself and hogging the crypto exchange spotlight. CZ, the man's been crafty in dodging the rulebook, but his motive appears transparent enough: he's keen on keeping the US clientele happy. Now comes the million-dollar question - Is it FUD? Views may vary. For some, it's a legit worry; for others, it's just a temporary hiccup. In the end, it's the market players who will call the shots. As for Bitcoin feeling the heat, there's no denying the short-term blow could be significant. But let's not lose sight of the fact: Bitcoin has weathered far bigger storms. This episode could just be another notch in its robust journey.

If Bitcoin goes down because of Binance getting sued then so what? Eventually people will forget about all this in a few years time and the Bitcoin price will go up again when other developments kick in.


They should mop up the bottom 95% of crypto first. [Not so] shockingly [to anyone who has an idea of how crypto works], these coins are vaporware and have absolutely no use. Assuming there are 5000 and tokens and coins listed, only the largest 250 survive.

What else can one say than to withdraw your funds from the Binance exchange? I got the news very earlier yesterday and I watched how the price started to sink, I don't know how CZ will go about this but I trust he will not go down without a fight, SEC is a corrupt shit, they focused on Binance exchange more than anything, because it's the leading crypto exchange.

Many altcoins have been labeled as securities by the SEC, this was at the same time when the news about CZ breaking the rules was released, and most altcoins on the list are those with ISO 20022, I believe these will be the most affected.

I think it's time for Binance to abandon the US and find a different location, Singapore will be better, or a more crypto-friendly country.

I have a feeling this is going to happen and That's why I set buy orders 5% below the actual price. Catching flash crashes worked well so far. If it’s quick rebound, then SEC helped me to make some very quick money. The SEC is truly coming big on Crypto this year, will be interesting to see how much survives at the end of this year.

Honestly, I have been thinking about what will happen next in the crypto space that will affect the market once again, when things was going as planned in 2019 and we all thought that we are in the recovery stages then the CovID came out of nowhere.

No wonder I wasn't satisfied yet, I knew something like this would possibly happen, I know CZ have created many enemies for Binance exchange the moment he leaked out the secret of Sam and FTX, I don't expect Sam's people to stay silent and not do anything about it, that includes his family.

Now it looked like the revenge is been served, successfully.

What I like about crypto space is that, these type of unexpected events don't always last longer, a part of me will be happy that the market crashed again and the other part of me will be sad because this bear market can last even longer, but all is well if you are here for the long term anyway.

Even if Binance will this, it's still not the end, I know those that are doing this behind the curtain, an Italian man is involved as well, I wished CZ never came out in the public to unveil what FTX was doing all along, CZ should have leaked this shit using someone else, not himself.

1.Trading volume can decrease right now and increase after several months. I don't think that trading volume is such an important metric.
2.BTC dominance going down? Do you really think that the altcoins will stay bullish, when Binance gets out of business? I think that the entire crypto market will get affected in the short term. There's no reason to worry, though.
3.Most crypto traders/investors are just "sheep". They are cowards and every time something bad happens, they just panic and sell.
The crypto markets will be fine in the long term. The crypto world can survive without Binance(if Binance really gets shut down).

Not your key not your btc

Lets withdraw your crypto on exchange, save it on your own wallet

What SEC is not seeing is that Binance will fight this. Binance is richer than Ripple and can last more than a decade fighting this case but at the same time the exchange will really be moving out US.

The more it wil be harder for US to regulate crypto outside their country. SEC is looking for another victim as Ripple seem to have got away.

I gat your point but that doesn't mean that you aren't a holder, whatever volume you have is considered enough to be called and investors, just that your weren't holding enough volume. When things like this occurs people who often hold little volume quickly sells off their bitcoin and wait for the best time to buy more which they are targeting for the market to dip.

I wouldn't say it's FUD, they have been served with the lawsuit already.

But the thing is that it just shows really how the US government is undermining everything related to crypto at this point.

The only narrative that I saw behind all of this attacks is that they are pushing for their CBDC platform, and working together with other big banks. Anyway, I think the future still looks bright for crypto. If US doesn't want it, or having a hard stance, then the exodus has started already.

that is very correct! they are separate entities and people understand this situation by now. and maybe this is the reason why Teng is said to replaced CZ with the role because of his experiences regarding regulators
Binance Hands Rising Star Teng Key Role to Replace CEO Zhao at Largest Crypto Exchange
so the up and down movement of btc may be influenced by some news surrounding crypto, because of the fud but the reality is no matter we will encounter in this market, btc will always bounce.

Well I won't count myself as a BTC whale investor yet but like you said this is a good chance again for people  who knows the importance of a market price dip to actually buy as much you bitcoin as you can during this crucial time because like you said it won't probably last long so its actually the best time to hoard and not to panic and pull off your investment because bitcoin will certainly rise back it just boils down to the prime factor of ti me.

I think a lot of people have believed for a long time that Binance and CZ  were not going to be sued by the government. And now people are spooked that their scammy exchange might actually have to answer to the law. This is not to say that other exchanges are perfect or even better, just that very are not one of the better ones. Bigger yes but they have done so much shady crap over the years black even if the government didn't want to go after them or crypto exchanges in general after the FTX debacle they didn't have a choice due to what Binance and CZ are doing.

Here is a helpful tip: https://www.youtube.com/watch?v=BJF-wVW1F2o

-Dave

Yeah it is FUD not for Bitcoin but for BNB.  I don't think this is the reason of Bitcoin downtrend.  If Binance is having problem because it is being sued, people who have funds on the exchange can just withdraw it and deposit on another exchange.  CZ exchange problem is its own problem and people have learned that exchanges and Bitcoin are two different things so I think this must not have a huge impact on the price of BTC.

Well, hard to tell even if pattern is already there. If we would base from the chart in all timeframes, BTC is expected to go lower. However, the market moves unexpectedly especially if huge investors would interfere. A spike on its value could still happen all of a sudden. If ever its price could continue falling until $23.5k  it could open another possibility for a lower market value around $20.5k. For those who are planning to invest, I think it would be better to wait a little longer and to those who are holding, be patient. Once gaps are reached, recovery may happen 'coz of buyer's zone which would be a spring. For sure, long term investors are prepared for this.

Binance US accounts for less than 5% of its trades. This is just a massive FUD, the SEC are going after crypto.

Let’s remember that bitcoin isn’t listed in the supposed assets that the SEC are branding securities. This isn’t about bitcoin even if short term, it has been part of the reason we are down over 6%. This might he a temporary problem for Binance & CZ but it is not in any way terminal to bitcoin.

It’s a nothing burger, price will recover, nothing to worry about.

More of a reality if you ask me, binance is the largest crypto trading firm in the world in terms of volume, so there is absolutely no way such a news of them being sued by the sec, won't affect the market negatively..

But why I am particularly not very much worried about this whole thing is that, I've known bitcoin to be a very resilient asset, it will scale through this issue again like it has always done, so let's keep our fingers crossed 🤞 and hope for the best.