Bitcoin Price and Binance | Bitcointalksearch.org

Distinctin

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Quote from: michellee on May 24, 2019, 11:44:11 PM

Quote from: WinslowIII on May 24, 2019, 05:55:06 PM

How can this hack be unrelated to the bnb pump considering the time frames? I'm thinking inside job, steal users bitcoins to pump their shitcoin?

That could be true because, with the stolen bitcoin, they can do whatever they want, especially to pump their coin. But I don't believe if bnb do that to increase their coin because binance was one of the best exchange so far. But well, we never know the right situations that happen in binance, and we could only guess of what is happening in binance.

BNB is one of the most potential coin in the market, I don't think that hack would make their business fail, they are just too big that can pose threat to other coins, with people trusting them, that make them grow their business even more, and the price represent it and proved it.

Inside job or whatever it is, BNB is still undeniably successful and seems like it will not stop leading the uptrend at this bullish season.

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Quote from: WinslowIII on May 24, 2019, 05:55:06 PM

How can this hack be unrelated to the bnb pump considering the time frames? I'm thinking inside job, steal users bitcoins to pump their shitcoin?

That could be true because, with the stolen bitcoin, they can do whatever they want, especially to pump their coin. But I don't believe if bnb do that to increase their coin because binance was one of the best exchange so far. But well, we never know the right situations that happen in binance, and we could only guess of what is happening in binance.

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Quote from: samcrypto on May 24, 2019, 08:56:45 PM

Quote from: Hypnosis00 on May 24, 2019, 06:34:54 PM

Quote from: WinslowIII on May 24, 2019, 05:55:06 PM

How can this hack be unrelated to the bnb pump considering the time frames? I'm thinking inside job, steal users bitcoins to pump their shitcoin?

There is no proof that it is an inside job or whatever it happens, they'll just announce that they've been hacked.
It is not an issue anymore, Binance has passed it already and they are back into operation. The good thing is that it won't affect the entire marker price knowing that Binance is one of the most known exchanges in crpypto. We are looking that no other exchanges will be hacked cause it something gives destruction and doubts to the traders.

I doubt it, i think many exchanges will be hack in the future we have to remember that hackers are also updated in terms of technology and they can do everything. If its inside job then Binance have a better purpose on doing that, its price right now is still increasing so the hacked incidents doesn't make big impact on the technology of BNB. The price of bitcoin will not depend on the exchanges, its still pumping and dumping despite of the lift on withdrawals and deposit of BNB.

New award given. Tards on a roll tonight.

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Quote from: Hypnosis00 on May 24, 2019, 06:34:54 PM

Quote from: WinslowIII on May 24, 2019, 05:55:06 PM

How can this hack be unrelated to the bnb pump considering the time frames? I'm thinking inside job, steal users bitcoins to pump their shitcoin?

There is no proof that it is an inside job or whatever it happens, they'll just announce that they've been hacked.
It is not an issue anymore, Binance has passed it already and they are back into operation. The good thing is that it won't affect the entire marker price knowing that Binance is one of the most known exchanges in crpypto. We are looking that no other exchanges will be hacked cause it something gives destruction and doubts to the traders.

I doubt it, i think many exchanges will be hack in the future we have to remember that hackers are also updated in terms of technology and they can do everything. If its inside job then Binance have a better purpose on doing that, its price right now is still increasing so the hacked incidents doesn't make big impact on the technology of BNB. The price of bitcoin will not depend on the exchanges, its still pumping and dumping despite of the lift on withdrawals and deposit of BNB.

WinslowIII

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Quote from: Hypnosis00 on May 24, 2019, 06:34:54 PM

Quote from: WinslowIII on May 24, 2019, 05:55:06 PM

How can this hack be unrelated to the bnb pump considering the time frames? I'm thinking inside job, steal users bitcoins to pump their shitcoin?

There is no proof that it is an inside job or whatever it happens, they'll just announce that they've been hacked.
It is not an issue anymore, Binance has passed it already and they are back into operation. The good thing is that it won't affect the entire marker price knowing that Binance is one of the most known exchanges in crpypto. We are looking that no other exchanges will be hacked cause it something gives destruction and doubts to the traders.

Thanks for the most fucking idiotic reply of the year.

Hypnosis00

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Quote from: WinslowIII on May 24, 2019, 05:55:06 PM

How can this hack be unrelated to the bnb pump considering the time frames? I'm thinking inside job, steal users bitcoins to pump their shitcoin?

There is no proof that it is an inside job or whatever it happens, they'll just announce that they've been hacked.
It is not an issue anymore, Binance has passed it already and they are back into operation. The good thing is that it won't affect the entire marker price knowing that Binance is one of the most known exchanges in crpypto. We are looking that no other exchanges will be hacked cause it something gives destruction and doubts to the traders.

WinslowIII

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How can this hack be unrelated to the bnb pump considering the time frames? I'm thinking inside job, steal users bitcoins to pump their shitcoin?

BitHodler

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Quote from: LimLims on May 23, 2019, 08:59:22 PM

As of now, i currently dont know what's the status of Binance withdrawals.
But 3 days ago when i checked it, it was disabled. Maybe at the current moment it has been fixed. But i cannot say it confidently.

Not sure what coin(s) you tried to withdraw, but 3 days ago the Bitcoin withdrawal option was working just fine, so did it the days after. Maybe you tried to withdraw an altcoin with network issues, which is more likely.

Quote from: LimLims on May 23, 2019, 08:59:22 PM

I mean the price doesn't gets affected with Binance.
So keep these misconception out of your mind.

It's not a misconception. People rightfully believe that it can cause the price to go down, and it briefly did till people realized that losing 7000BTC isn't all that bad with how these coins are taken out of circulation.

If you take that into consideration, and the fact that safu has the funds to fill up the gap, there was no longer an obstacle for traders and investors to worry about. I do wonder though, how much is left in the safu fund?

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Bitcoin has been stale for couple of days now, I do not remember when was the last time we had a 10% day last time because we have reached 8 thousand dollars (and went back down for a bit and got back to 8 thousand but I do not count that as an increase) so I am not sure if binance is somehow related.

Maybe the people who hacked binance finally figured out a way to put that money into some exchange or somewhere and they are starting to sell their coins, it is 7 thousand bitcoins after all and if you sell them all at once you are going to break the market so they are selling it at a stable price in multiple exchanges that keeps the price not going above 8 thousand dollars but not dropping neither, like a cap on the price. If that is the case then we will go back up in price again with a bull rally as soon as their 7 thousand bitcoins are done selling.

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Quote from: coinluisa on May 23, 2019, 06:21:17 PM

Quote from: Saf1211 on May 14, 2019, 09:05:56 AM

How many people think the price increase has been triggered by the fact that Binance has stopped withdrawals?
If so what happens to the price when Binance allows withdrawals again?

I think there's no any problem if their withdrawal open again because everything is on traded to their exchange. Maybe some people think because of hacking in Binance the price will be down, but no because still Binance is professional and do their best for their exchange.

They able to cope using the safu, traders only concerned with that freezing withdrawal as funds are stuck from the exchange but Binance able to
solve and allow again the process, it's good to see that after this incident the temporary fall was already rising back again.

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Quote from: SaShiRaJaVu on May 22, 2019, 01:22:10 PM

Quote from: Saf1211 on May 14, 2019, 09:05:56 AM

How many people think the price increase has been triggered by the fact that Binance has stopped withdrawals?
If so what happens to the price when Binance allows withdrawals again?

How come a price increase is triggered by a hack news, check out the past history as we have seen many hacks in the market in our short history and basically whenever there is a hack news, the market tends to come down drastically, but that was not the case with Binance, the market went higher even though the loss was really huge, it shows that the market is not responding to the hack news anymore and binance is not the only exchange in the market Tongue

.

Because binance has very big reserved funds and all of the stolen amount will have recovered using it and that's why investors are still feeling confident with it. Not all of the hacked cases caused the big down instantly. Some of them are still stable. Remember as long as the company will still take all of the responsibility and the price will be fine and nothing happens.
Investors just need clarification and responsibility from that exchange site.

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As of now, i currently dont know what's the status of Binance withdrawals.
But 3 days ago when i checked it, it was disabled. Maybe at the current moment it has been fixed. But i cannot say it confidently.
Moreover it's really an easy task to say that, the Both is not connected.
I mean the price doesn't gets affected with Binance.
So keep these misconception out of your mind.

coinluisa

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Quote from: Saf1211 on May 14, 2019, 09:05:56 AM

How many people think the price increase has been triggered by the fact that Binance has stopped withdrawals?
If so what happens to the price when Binance allows withdrawals again?

I think there's no any problem if their withdrawal open again because everything is on traded to their exchange. Maybe some people think because of hacking in Binance the price will be down, but no because still Binance is professional and do their best for their exchange.

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Quote from: Saf1211 on May 14, 2019, 09:05:56 AM

How many people think the price increase has been triggered by the fact that Binance has stopped withdrawals?
If so what happens to the price when Binance allows withdrawals again?

There is no impact on the price of Bitcoin and withdrawals in Binance. Actually if you observe the price of Bitcoin lately, it continues to go up specially before the weekends and start of weekday, the price will continue to climb unlike before, weekends price of Bitcoin starts to go down and price will slightly recover at start of weekday again.

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Quote from: Saf1211 on May 14, 2019, 09:05:56 AM

How many people think the price increase has been triggered by the fact that Binance has stopped withdrawals?
If so what happens to the price when Binance allows withdrawals again?

I can't find any relation to that.
Probably investors found a good level to buy more, move the market upwards and then sell at a higher price. I think that what triggered the price to go up was the fact that the price was stagnant around 5k for a long period of time.

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Quote from: KlepZ on May 22, 2019, 12:14:47 AM

Quote from: Saf1211 on May 14, 2019, 09:05:56 AM

How many people think the price increase has been triggered by the fact that Binance has stopped withdrawals?
If so what happens to the price when Binance allows withdrawals again?

Binance has suspended all deposits and withdrawals as they have to conduct a thorough security review that will 'include all parts of our systems and data, which is large'.
Binance wil reopen deposits and withdrawals on Wednesday May 15, at around 11AM UTC. Trading will be halted for about 8 hours during the system upgrade.

I don’t get what you just said here, you are talking as if the event has not passed already, you are commenting in the 22nd and still referring to 15th like it has not happened, if they scheduled to open reopen the withdrawal on 15th, which means they must have done it by now, and I still don’t see any effect of it on bitcoin value, I don’t know why people would just believe that this type of thing that happened to Binance will have any effect of the bitcoin price. Is it a product or is it whales, or is the even an investors? Reopening their system to withdrawal will in no way affect the price of bitcoin.

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I am not sure if they are correlated but it is definitely not a shock that binance was hacked after bitcoin got some more attention yet again. People see hacking as a way to make easy money and if there is an option to make a lot of money via hacking binance than they will use it, just like anything else in bitcoin when price is going down than the hacking attempts go down with it but when bitcoin price goes up the hacking attempts go up too.

So, I don't know if binance caused any price changes when it was hacked or not but I am 100% sure it was hacked because of the price change, it is vice versa of everyone believes. Now that its back and stronger than ever I am sure people will continue to try to hack it and I am sure binance will defend itself from 99.99% of it.

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Quote from: KennyR on May 22, 2019, 09:43:01 AM

Bitcoin price hasn't got anything specific with the growth of Binance at this time. From my understanding Binance is completely independent, and the same have been seen in recent days with the growth of Binance even after its hack. Over the months BNB will grow along with bitcoin and as a result it could reach around $80 when bitcoin cross $15k

I am not entirely sure about the growth of binance when they literally lost $40 plus million dollars, throughout history any exchange that got hacked will not sustain for a long period of time, take a look at Mt Gox, when they were hacked initially they said they are fine and gave false sense of security to the public but then later found that the hole was too deep to recover, CZ is doing the same here, what happens if we see more hacks in binance and more coins being lost to these hackers.
The price of bitcoin did not react with this major hack not sure what the reason is and i am surprised by the market movement.

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Quote from: Saf1211 on May 14, 2019, 09:05:56 AM

How many people think the price increase has been triggered by the fact that Binance has stopped withdrawals?
If so what happens to the price when Binance allows withdrawals again?

How come a price increase is triggered by a hack news, check out the past history as we have seen many hacks in the market in our short history and basically whenever there is a hack news, the market tends to come down drastically, but that was not the case with Binance, the market went higher even though the loss was really huge, it shows that the market is not responding to the hack news anymore and binance is not the only exchange in the market Tongue

.

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Quote from: KennyR on May 22, 2019, 09:43:01 AM

Bitcoin price hasn't got anything specific with the growth of Binance at this time. From my understanding Binance is completely independent, and the same have been seen in recent days with the growth of Binance even after its hack. Over the months BNB will grow along with bitcoin and as a result it could reach around $80 when bitcoin cross $15k

Whenever we started to see increasing in bitcoin prices people will start to bring in different reasons why that is happening and forgotten that bitcoin has capacity for growing on it own without all these side reasons. I don't think withdraw and deposit in binance has anything to do with the current bullish trend.

Topic: Bitcoin Price and Binance (Read 786 times)