Topic: Bad news always brings some good news! - page 2. (Read 305 times)
The controversies surrounding CZ didn't had much impact on crypto market and had very little impact on BNB due to their timely decision of disassociating themselves from CZ and it saved them, yes in the pas as well we have seen market going green post negative news but these two cannot be related as we narrow our vision to just these things without looking at the broader picture of all the other developments which is impacting crypto in a positive way like spot ETF and some big names endorsing Bitcoin etc.
The way the market works is very strange and contradictory. Usually, events related to Binance make people feel down, but here we are, above $40k! Its clear that Bitcoin is strong and that investors' views are changing. People in the market are picking and choosing what to buy, putting long-term value ahead of short-term news. Bitcoin's trend to go up isnt a fluke; it shows that people believe in its fundamentals. Right now, we have more faith than ever in Bitcoin's promise. People who use Bitcoin are learning to see past the noise and find its worth. Bitcoin is becoming more and more known as a disruptive tool, not just because of its price. Its clear that Bitcoin is here to stay and will only get stronger from now on. Trust this wave and look out to the distance!
What is happening now is the opposite because the price of Bitcoin is getting stronger. After all, it increases to $44k, although it is down and up again more and more. If these conditions persist, we may see higher prices this month. But we should be patient first because Bitcoin's movement is still unpredictable, whether it wants to go up or even experience a correction.
Hopefully, the bad news about CZ will not be accompanied by other bad news because market conditions are still good. Hopefully, this December will be a moment for Bitcoin prices to strengthen. And we can see that Bitcoin prices can increase to even higher prices.
In the long term, the Bull Run will come sooner or later. We have to wait and if there are still people who want to accumulate, they can continue. But we still advise people not to panic if there is a correction. Stay calm and think about what you have to do.
Hopefully, the bad news about CZ will not be accompanied by other bad news because market conditions are still good. Hopefully, this December will be a moment for Bitcoin prices to strengthen. And we can see that Bitcoin prices can increase to even higher prices.
In the long term, the Bull Run will come sooner or later. We have to wait and if there are still people who want to accumulate, they can continue. But we still advise people not to panic if there is a correction. Stay calm and think about what you have to do.
In general, there are positive sides to negative events, and often negative events are in a mix with positive ones because reality is complex. But as for this situation, I agree with those saying that the Binance lawsuit thing just didn't affect the market much, and it's the positive sentiment regarding bitcoin ETFs that's driving the prices up. It seems that most industry experts believe that the approval is just around the corner. Of course, they know the SEC and the US decision-making climate more than I do, so perhaps they are correct. I'm still not sure about it, but maybe I'm just too pessimistic.
I thought the context of the topic would be different after reading the title. I was thinking more about a piece of bad news like the market going down being good news for people who wish to buy more but it's not what OP said. To be honest, I don't think that the recent pumps and the bullish movements are caused by bad news circulating in the market now and then, and the market barely goes positive if there is real FUD in the market or among the investors and traders.
However, I do believe that the cryptocurrency market is becoming more mature with time, and by that, I mean that we don't see extreme reactions to the news, especially the bad ones, like if an influential person says something negative about Bitcoin, it doesn't leave a negative impact on the market anymore, even if it does, it stays moderate, unlike old times when if a celebrity would say Bitcoin is bad, the whole market would start collapsing all of a sudden.
However, I do believe that the cryptocurrency market is becoming more mature with time, and by that, I mean that we don't see extreme reactions to the news, especially the bad ones, like if an influential person says something negative about Bitcoin, it doesn't leave a negative impact on the market anymore, even if it does, it stays moderate, unlike old times when if a celebrity would say Bitcoin is bad, the whole market would start collapsing all of a sudden.
The Binance situation did not produce much fuss in the Markets because the Exchange is still running, CZ has admitted to the allegations et cetera. Had Binance been hacked for billions, the Market would of been in a pit of fire for a while again.
I wonder if their SAFU funds would still be able to save the company and would continue its operation. It is true that Bull Season typically brings more bad news. That is mostly because hackers will obviously start targeting Bitcoin more when its value increases. Why would a hacker not want to target a Currency that is likely going to be worth triple what it is now in a matter of months?
Looks like people are getting more matured now, while we may have been seeing the same market cycle ( bear- bull vise versa) it's the minds of the investors are already maturing and they won't easily panic when there's some bad news. Binance may have paid Billions for their violations but there's no indication that they are going down since they are still operating. Just imagine how much they are making on a daily basis, I think they'll be able to recover their losses in no time, and will not make the same mistakes.
So this is just my observation, like in the past, about exchange getting hacked, China FUD, etc.. it all resulted to a BULL RUN!
So is this guy? Tell me about your opinion about this....
You are making mistakes with what you link together here, they don't just relate. Hacking, stealing, China FUD and other bad news including the FTX case are nothing compared with that of Binance. What happened to Binance is happening to many other businesses and nothing bad often happens to the sector they operate. The case of Binance is not the case that the company is being affected badly financially, nothing was stolen, it was a lawful regulator that slapped them with a fine of $4.3B even as the company cooperated with the government entirely. This can't ever cause a commotion with Bitcoin or in the crypto market because Binance is not the owner of Bitcoin and the rest, but BNB which was worse affected by the event, but the effect was still minimal on the token judging by its current price if I must say.So is this guy? Tell me about your opinion about this....
I knew the effect of the fine would be very minimal on the crypto market because aside from the fact that Binance is rich and so capable without affecting the company, the SEC as a responsible regulator will never force Binance to cough out the whole $4.3B fine at once in such a way that will affect the company and its customers' deposit. It might take time as they pay personally and(or) with insurance as the case may be.
The Binance situation did not produce much fuss in the Markets because the Exchange is still running, CZ has admitted to the allegations et cetera. Had Binance been hacked for billions, the Market would of been in a pit of fire for a while again.
It is true that Bull Season typically brings more bad news. That is mostly because hackers will obviously start targeting Bitcoin more when its value increases. Why would a hacker not want to target a Currency that is likely going to be worth triple what it is now in a matter of months?
It is true that Bull Season typically brings more bad news. That is mostly because hackers will obviously start targeting Bitcoin more when its value increases. Why would a hacker not want to target a Currency that is likely going to be worth triple what it is now in a matter of months?
People did not feel worried about the Binance issue but instead, they remained calm and trusted the new CEO to run the exchanges with full confidence.
Besides, it was not a big issue for us to think that it would have a huge impact on the market and with the recent pump that we experienced, probably for other reasons and continued accumulation. In fact, after the news about CZ and Binance, the price of Bitcoin never shows corrections but instead, pumps.
I believe that people have already learned how to control their emotions when dealing with bad news, FUDs, etc...they are still positive and keep rolling.
Besides, it was not a big issue for us to think that it would have a huge impact on the market and with the recent pump that we experienced, probably for other reasons and continued accumulation. In fact, after the news about CZ and Binance, the price of Bitcoin never shows corrections but instead, pumps.
I believe that people have already learned how to control their emotions when dealing with bad news, FUDs, etc...they are still positive and keep rolling.
I said "bad news' because with this recent development involving CZ and Binance, this usually bring some negative sentiment but look what's happening, the market is going on the opposite side and it kees getting bullish.
Well that is bad news but for altcoin market not for bitcoin or even bitcoin market because at the end of the day Binance is still a major altcoin trading platform and is mainly used for that. So if anything the news should affect the altcoin market, which it probably won't because altcoins are only pump and dumping and not really reacting to news like this.On top of that, the community has gotten more ignorant of issues that centralized exchanges face. It may not be a 100% ignoring their shenanigans but for the biggest part it just goes ignored...
The spread of negative news against something positive is tantamount to scaring people away along the lines. So it CZ'd story was the outcome of the Bitcoin price impressively hitted to date then do we have to clamour for a more huger bad news all to push the bullish runs to fasten the Bitcoin price? Of course not instead of the negative news brining in good outcomes it brings about bad outcomes because faiths would be lost and doubts would be upon users and the digital currency. I just have to say CZ has nothing t do with this
As we all noticed, the market is quite bullish now, we hit $40k and it's already trading above that level.
I said "bad news' because with this recent development involving CZ and Binance, this usually bring some negative sentiment but look what's happening, the market is going on the opposite side and it kees getting bullish.
So this is just my observation, like in the past, about exchange getting hacked, China FUD, etc.. it all resulted to a BULL RUN!
So is this guy? Tell me about your opinion about this....
I said "bad news' because with this recent development involving CZ and Binance, this usually bring some negative sentiment but look what's happening, the market is going on the opposite side and it kees getting bullish.
So this is just my observation, like in the past, about exchange getting hacked, China FUD, etc.. it all resulted to a BULL RUN!
So is this guy? Tell me about your opinion about this....
The current increase in price of Bitcoin has nothing to do with CZ and Binance. It is just an exchange got into a legal battle for allowing criminals to do money laundering. It really isn't that bad. I mean as a bitcoin supporter we always want bad people to stay out of the network.
I believe the current price increase of Bitcoin is happening due to the positivity around approval of ETFs. Blackrock is somewhat close to get the approval, they have got the seed funding. So it has created a FOMO in the market. Every such FOMO is enough to increase the buying volume in the market.
I understand the point you’re trying to make but your title is not entirely true. Bad news doesn’t always bring about Good news, sometimes it ruins everything. But yes, with the Bitcoin market, it is a normal thing with volatility that after going down is going up. It may not be immediately but the likelihood is very high. It doesn’t matter if CZ and Binance issue happened or not, it was only a matter of time of time before Bitcoin rose back up. Some news can also make things bad by unnecessarily slowing down the bull run, but obviously, that of CZ and Binance isn’t one of such.
We kinda knew CZ stepping down would be bullish. The market reacted in a positive way when it was announced and deep down we all knew this had to happen to pave way for the spot etf approval.
Binance being so big was never a good thing and most likely would make it difficult to get it approved but now the CME actually has the most open interest and it’s becoming less centralized as to just one exchange.
Similar to what happened when Arthur Haynes stepped down.
Binance being so big was never a good thing and most likely would make it difficult to get it approved but now the CME actually has the most open interest and it’s becoming less centralized as to just one exchange.
Similar to what happened when Arthur Haynes stepped down.
As we all noticed, the market is quite bullish now, we hit $40k and it's already trading above that level.
The price of Bitcoin is rising and there are a lot of Bitcoins being traded now. And once a coin starts to rise at a higher rate, investors panic and start investing in it, causing it to rise even faster. And that's what's happening with Bitcoin right nowQuote
I said "bad news' because with this recent development involving CZ and Binance, this usually bring some negative sentiment but look what's happening, the market is going on the opposite side and it kees getting bullish. .
Changing the CEO of Binance is nothing bad news. it can be a bad news for BNB Because BNB is a part of Binance but Bitcoin is not any part of Binance Exchange. And this was just news of a CEO change, not news of Binance being scammed. So this news cannot have a negative effect on Bitcoin. However, BNB has been somewhat stable 
So is this guy? Tell me about your opinion about this....
They include mainstream experts. Well, bad news is usually always present like now and if there is action, there will always be a reaction that comes in the market and it is true that all the negative news surrounding the digital currency market will empower world coin enthusiasts and demand and prices will arise. I think that's the easiest thing if we want to pay attention to it and it also confirms that there is a real increase in interest.
In my point of view this not a big bad news that CZ resigns from his post or he fined by SEC etc.
The big bad news was that if Binance fill bankruptcy. And close the exchange.
But the thing is that the Bitcoin investors have two visions now. First vision is the Bitcoin spot ETF and the second vision is Bitcoin halving. So they are waiting for that and therefore I think the bad news are not doing their jobs.
And the holders never think about these news. They just hold hold and hold. Because they believe in Bitcoin and who believe in Bitcoin so Bitcoin gives more than their expectations.
The big bad news was that if Binance fill bankruptcy. And close the exchange.
But the thing is that the Bitcoin investors have two visions now. First vision is the Bitcoin spot ETF and the second vision is Bitcoin halving. So they are waiting for that and therefore I think the bad news are not doing their jobs.
And the holders never think about these news. They just hold hold and hold. Because they believe in Bitcoin and who believe in Bitcoin so Bitcoin gives more than their expectations.
The main highlight is the news of the approval of the Bitcoin ETF filings by Blackrock et al instead of the case involving CZ which did not even affect the performance of its platform. Bitcoin ETFs have created market optimism since the last quarter of the year which marked the start of a new bull run session.
Here's the latest news: https://cointelegraph.com/news/blackrock-100-k-seed-fund-for-bitcoin-etf-sec-filing
Here's the latest news: https://cointelegraph.com/news/blackrock-100-k-seed-fund-for-bitcoin-etf-sec-filing
Yes, I agree that news about Blackrock is more trusted by the market than bad news from CZ, so market sentiment remains good. Apart from that, soon there will be a halving phase which historically always makes Bitcoin touch a new ATH. In my opinion, blackrock and halving news is stronger in the market so the price of bitcoin continues to rise consistently
However, I suspect that there will be a price correction soon, hopefully the current correction will not cause the price of bitcoin to fall below 40k, if so then the price of 50k or 60k will be reached soon. Maybe
It is too simplistic to take an isolated event like CZ and Binance and think that alone should have had a negative effect on the price. That bad news is counterbalanced by the approaching halving, the loosening of rate policies or the ever closer approval of a spot ETF in the USA, as rat03gopoh has commented. So that causal relationship that the OP makes of saying bad news (CZ and Binance) bring good news (the price rise) does not hold.
Sometimes bad news bring good news like what is happening in the crypto market today, because many investors has been waiting for this particular amount of Bitcoin to come before they can sell to make profits from their investment and the price of Bitcoin hit $43,832 few minutes ago. I don't think CZ of binance is the reason the price of Bitcoin moved to this stage it is right now, because the formal CEO of binance was found guilty on some money laundering that made him to resigned from the job so that it will not affect their investors negatively. The good news is that many bitcoiners has started selling their Bitcoin to get some money to celebrate the new year that is coming in few weeks time, and to do other things that will make them not to experience shortage of finances in their family.
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