Topic: Bitcoin Price and Binance - page 2. (Read 787 times)
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 don't think that binance has anything to do with the price ,
The issue of binance happen while we are having a great price pump and it didn't affect the pump,
The issue didn't stop the price from increasing and we have faced a great decline for a short period of time but the price manage to get back up again,
And now it is playing around $7,900+ and if I am not mistaken binance is already operating and already allowed withdrawal and deposit function on their site.
The issue of binance happen while we are having a great price pump and it didn't affect the pump,
The issue didn't stop the price from increasing and we have faced a great decline for a short period of time but the price manage to get back up again,
And now it is playing around $7,900+ and if I am not mistaken binance is already operating and already allowed withdrawal and deposit function on their site.
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'.If so what happens to the price when Binance allows withdrawals again?
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.
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?
If so what happens to the price when Binance allows withdrawals again?
It will continue to move up. I do not think that price going up is even connected to Binance limiting withdrawal. The price is already on a bull trend even before Binance was hacked and limited withdrawal. The fact that the price is back to $7500 is proof that Bitcoin has a strong uptrend right now.
The market is bullish, so whatever bad news will not affect it's status, maybe it could result to dump, but it's all temporary as the bullish trend continues, so price will easily recover. It's good to invest now, not only Bitcoin but also good altcoins as well, and BNB is one of the best in alts market.
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?
If so what happens to the price when Binance allows withdrawals again?
It will continue to move up. I do not think that price going up is even connected to Binance limiting withdrawal. The price is already on a bull trend even before Binance was hacked and limited withdrawal. The fact that the price is back to $7500 is proof that Bitcoin has a strong uptrend right now.
the Binance comments that started circulating the internet after the hack were only meant as a groundwork for the FUD that came later and helped the small crash that we had which started by a big sell unloading on the market pushing the price down to fill some margin trades and future contracts and as we saw the strength of the uptrend bounced it back up more than $1000 in an instance.
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?
If so what happens to the price when Binance allows withdrawals again?
It will continue to move up. I do not think that price going up is even connected to Binance limiting withdrawal. The price is already on a bull trend even before Binance was hacked and limited withdrawal. The fact that the price is back to $7500 is proof that Bitcoin has a strong uptrend right now.
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?
If so what happens to the price when Binance allows withdrawals again?
Although Binance is top leading exchange for cryptocurrencies but price of bitcoin is not effected or related to the withdrawals or freezing of funds on a particular exchange, even if it is binance or any other exchange.
Some of people were also debating that the binance hack can effect price, but that's totally wrong. They don't even know that hacked amount was only 2% of the total BTC volume.
If I am correct Binance has started allowing deposit and withdrawal from today.
Yes they did.
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?
Withdrawals has resume, yet BNB coins hasn't still drop, in fact it's gaining today, and I think it will gain more as the uptrend movement will be back again soon. If so what happens to the price when Binance allows withdrawals again?
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?
Don't think it related. Then what happen with amount of BTC that get hacked, i mean someone must be sell it. And proven bitcoin price still increase. I don't know what actually happen even i am surprised bitcoin price can be like this.If so what happens to the price when Binance allows withdrawals again?
Everyone is surprised the way bitcoin has been building shield against FUD news this period, and it seems like every time bitcoin FUD occurs, it tends to favor bitcoin, this s why we should continue holding our coin believing strongly in the future achievement of BTC.
If so what happens to the price when Binance allows withdrawals again?
Alright, Binance opened the withdrawals again --> https://www.theblockcrypto.com/tiny/binance-reopens-withdrawals-and-deposits-a-week-after-41-million-hack-bitcoin/But I don't think that the sudden plummet is the effect of it.
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?
Don't think it related. Then what happen with amount of BTC that get hacked, i mean someone must be sell it. And proven bitcoin price still increase. I don't know what actually happen even i am surprised bitcoin price can be like this.If so what happens to the price when Binance allows withdrawals again?
Everyone is surprised the way bitcoin has been building shield against FUD news this period, and it seems like every time bitcoin FUD occurs, it tends to favor bitcoin, this s why we should continue holding our coin believing strongly in the future achievement of BTC.
Bitcoin price will be going up when the price goes up and Binance has nothing related to the market movement. There's nothing significant of the price increase of bitcoin and Binance hasn't relevant to the massive increased or this ongoing correction now. Binance is an exchange only, no more than that may affect on bitcoin price unless the movement itself.
It seems for now it will probably help the altcoins more than it helps bitcoin. Because, they are going to give money to people who do more than 1 bitcoin in trading fee until 18th which means there will be a lot of people getting some altcoins or so and that would help the altcoins a lot. Bitcoin price would probably not get affected but even if it does I am not sure if it will be a good help, it could totally drop as well.
I believe as far as I can understand usdt pairs work too in this over 1 btc trading deal but most people would not do that usdt deal and would probably do either bnb or eth or any other coin they want which is why we are seeing all altcoins gaining a bit of traction. Look at eth, it was 200 dollars just couple weeks ago and now its getting close to 300.
I believe as far as I can understand usdt pairs work too in this over 1 btc trading deal but most people would not do that usdt deal and would probably do either bnb or eth or any other coin they want which is why we are seeing all altcoins gaining a bit of traction. Look at eth, it was 200 dollars just couple weeks ago and now its getting close to 300.
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?
Time tell us that nothing significantly happens, because Bitcoin continue doing its thing, in other words continued rally, almost without pullbacks. I do not think that there was any strong correlation between Bitcoin price and Binance withdrawals nor Binance hack (just few percent, at the day when hack was happen). If that was larger hack, if Binance didn't reacted promptly and transparently, it would probably be different. If so what happens to the price when Binance allows withdrawals again?
But it’s just an unreasonable assumption, it would be impossible for it to have any effect on bitcoin price, I think this surge is just a normal investment surge.
It's not entirely unreasonable. Newbies just aren't used to these events and consider hacks and whatnot to be bad for the market, so I don't blame them for thinking that. It shows that they are at least paying attention.Another aspect is that the mainstream media adds to the uncertainty of people by over-exaggerating the consequences of hacks. CNBC and Bloomberg are the worst in that regard.
At the end of the day, hacks mean coins being taken off the market, at least in the near term. If there is an effect on the price to begin with, it should be positive because there are fewer coins to be sold.
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?
If so what happens to the price when Binance allows withdrawals again?
Binance action has no relevance to the increase of bitcoin as it's already bullish before the hacking incident.
I'm not worried about this and I don't believe on that speculation.
Let me say my prayer “I am a bitcoin believer; I refuse to give in to evil thoughts”. I call it evil thought because I really don’t want to think the unimaginable thing that could happen to bitcoin if this increase is really as a result of Binance stopping deposit and withdrawal.
First we need to look at what value BTC was before this incidence, and if Binance were to release their system again, then we will be getting back to a value a little bit above that. But it’s just an unreasonable assumption, it would be impossible for it to have any effect on bitcoin price, I think this surge is just a normal investment surge.
First we need to look at what value BTC was before this incidence, and if Binance were to release their system again, then we will be getting back to a value a little bit above that. But it’s just an unreasonable assumption, it would be impossible for it to have any effect on bitcoin price, I think this surge is just a normal investment surge.
Nah, who even said that? I don't believe that sh#t and it's not true. Bitcoin price has nothing to do with whatsoever it is that's happening with Binance. Don't mind all these so called experts or whatever they call themselves, they always look for things to tag and prove themselves as the best so everyone can believe what they have to say.
Bitcoin price has been going up way before the Binance hack occurred, so how will them stopping withdrawals now be the reason price is going up? Funny set of people, lol. All these things they are saying are all lies and none of them is truth.
Well, it really doesn’t have correlation to me too, or maybe we could just say that attentions where diverted from BNB a little to BTC, which I don’t think people had place priority to BNB over BTC. The only factor that would have even been reasonable is the threat of delisting tether because of the little challenge facing them, maybe people started changing their USDT back to BTC since that is still the major paired coin for now.Bitcoin price has been going up way before the Binance hack occurred, so how will them stopping withdrawals now be the reason price is going up? Funny set of people, lol. All these things they are saying are all lies and none of them is truth.
Whatever it is that caused the urge in BTC should just remain that way while we get more positive factors that will also continue to contribute to its growth till we get to our destination, which is ATH.
If the stolen funds have got dumped we could've experienced a sudden crash in the price of bitcoin. What happened is the funds hacked were getting secured on different wallets and Binance itself has taken responsibility of providing funds to users if lost. This way there is no FUD and negative news relative to the hack. Based on the same there isn't any further price crash with regards to Binance.
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?
Don't think it related. Then what happen with amount of BTC that get hacked, i mean someone must be sell it. And proven bitcoin price still increase. I don't know what actually happen even i am surprised bitcoin price can be like this. If so what happens to the price when Binance allows withdrawals again?
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