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.
Topic: Bitcoin Price and Binance - page 3. (Read 786 times)
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?
That is just one exchange out of how many?
Cmon, dont be ridiculous. I know they are one of the big players in terms of exchange but there is still a lot out there which are legitimate and are still moving bitcoins in and out.
They could have some part out of it because of the upgrade of the system but still that cannot be considered as the biggest reason out there.
Get out of just one website (binance) and you will see why.
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?
The price of bitcoin has been interestingly high and take note, we are Wednesday today. Withdrawals has been allowed yesterday right?If so what happens to the price when Binance allows withdrawals again?
We all expected that price of bitcoin would go down after that but we're all wrong.
The price movement of bitcoin now seems to depend on its own development and recovery.
It is not really related and has no effect on the current status of the movement of bitcoin, Well more accurately even though Binance would stop or not all their major transactions that would not have any effect, Because It doesn't really matter for just one exchange to do it and base on exchange they are base on Bitcoin trading and the probability of other cryptocurrencies to be converted to bitcoin is very high so nothing to worry about and we are now in the midst of bull run and returning to the past all-time high is the major thing bitcoin is doing right now.
I think we should expect a slow gain to $10k this year, and a slow gain likely above ATH high next year, and then watch the madness of another market boom in 2021.
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?
What can happen when Bitcoin will get back to its normal business? I am expecting that Bitcoin will continue to hodl on what it already gained because we know that Binance is a very big exchange and it is contributing a lot to Bitcoin marketcap. Actually, I don't see any connection between what happened to Binance with the rise of Bitcoin...in fact it is even surprising that even with the Binance bad news Bitcoin seems not be affected at all meaning to say the market just ignored the Binance spectacle. Binance is now stronger and I guess better with happened and is now ready for the whole world doing business as normal.
It is not really related and has no effect on the current status of the movement of bitcoin, Well more accurately even though Binance would stop or not all their major transactions that would not have any effect, Because It doesn't really matter for just one exchange to do it and base on exchange they are base on Bitcoin trading and the probability of other cryptocurrencies to be converted to bitcoin is very high so nothing to worry about and we are now in the midst of bull run and returning to the past all-time high is the major thing bitcoin is doing right now.
I think we should expect a slow gain to $10k this year, and a slow gain likely above ATH high next year, and then watch the madness of another market boom in 2021.
if you stop thinking about Binance for a moment and look at the development over the past couple of months and how this rise was already too late you can see that it had nothing to do with the Binance drama. in fact Binance hack delayed it a little bit and in its initial stage there was a slowness to the rise which would have not existed if that "fear" didn't exist and price could have reached $8k so much faster without Binance.
the thing is, bitcoin has been undervalued for a couple of months ever since price was dumped with manipulation below $6k and that unrealistic price had to be "corrected" just as a big bubble needs to burst. that is why i have been calling it a reverse bubble ever since it occurred.
the thing is, bitcoin has been undervalued for a couple of months ever since price was dumped with manipulation below $6k and that unrealistic price had to be "corrected" just as a big bubble needs to burst. that is why i have been calling it a reverse bubble ever since it occurred.
i dont know why binance support fake pump like the last from 4100 to current prices of bitcoin ?
the real price of bitcoin 4300 max per btc .
dont buy guy .. beware bull trap or evil of the market
people love buy loss .. yes they buy loss!!!!!
the real price of bitcoin 4300 max per btc .
dont buy guy .. beware bull trap or evil of the market
people love buy loss .. yes they buy loss!!!!!
Sorry but 4.3k is a past, the new floor is $7-8k. We would just wait for the other altcoins to gain price and then btc will continue to pump again.
Its not a fake pump since institutional investors can start test trading on July.
i dont know why binance support fake pump like the last from 4100 to current prices of bitcoin ?
the real price of bitcoin 4300 max per btc .
dont buy guy .. beware bull trap or evil of the market
people love buy loss .. yes they buy loss!!!!!
the real price of bitcoin 4300 max per btc .
dont buy guy .. beware bull trap or evil of the market
people love buy loss .. yes they buy loss!!!!!
I don't believe Binance's halted withdrawals is the sole reason behind the recent Bitcoin pump, but what I guess is that there's some sort of influence. Bitcoin could've pumped with or without that circumstance and Binance can't be the only exchange to cause that. Maybe this was some mere coincidence or may be not, but time will tell.
I really do not believe that one exchange can artificially pump the price because there are multiple big exchanges besides Binance. People would be already suspicious if something is happening with the BTC/USD trading happening in Binance.
Yeah, agree, nothing related to Binance. This exchange is too big and it's just a minor issue which has already stopped (following @pakhitheboss comment). It's not like if suddenly Binance announced they don't have money anymore.
It seems there is a lot of ups/downs (high volatility) and we aren't used anymore to see such. So we try to find all kind of arguments to explain the rise (and me too).
So, they would invest directly in Microsoft, FB, etc because Bitcoin has nothing to do with these companies
It seems there is a lot of ups/downs (high volatility) and we aren't used anymore to see such. So we try to find all kind of arguments to explain the rise (and me too).
This has not to do with Binance. Institution money are coming in we are at the stage of adoption. Microsoft, FaceBook, Samsung just to mentioned a few a now building on top of blockchain. Everyone just want to get involved and the FOMO this time arround will multiple what we have ever had in the crypto history.
So, they would invest directly in Microsoft, FB, etc because Bitcoin has nothing to do with these companies
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?
No withdrawals from Binance = less BTC supply being sent to fiat exchanges. At the same time, no deposits to Binance = less BTC supply from fiat exchanges being bought and sent to Binance.
It's hard to know which had the bigger effect and therefore if BTC/USD prices were driven up or down by this situation. Chances are, the effect was minimal.
We'll find out soon enough. I don't really get the folks who think nothing will change. It has an awful lot of pent up money that'll be looking to capitalise on the action that's taken place while it was frozen. No idea which direction it wants to go in though.
Trading on Binance has been active the entire time that withdrawals were suspended. Traders have been able to capitalize on the action the whole time. If anyone wanted to hedge to fiat, they could have traded to USDC, TUSD, USDT, PAX.
We'll find out soon enough. I don't really get the folks who think nothing will change. It has an awful lot of pent up money that'll be looking to capitalise on the action that's taken place while it was frozen. No idea which direction it wants to go in though.
How so? People have their lovely Tether and a bunch of other stablecoins to hedge a potential drop in value. I doubt we'll see an effect on the price when they resume operations in full. I would even like to add that it's unlikely to see people part with their coins at this stage because selling now could just as easily mean that you're missing out on even more profits, which is a factor to take into consideration.
I hope that people rethink why they shouldn't leave their funds on an exchange, especially with how not every exchange handles hack incidents like Binance. If it was an other exchange people had to swallow a loss right now.
I don't think that.
I am sure that the increasing of bitcoin price has nothing related to binance stopping the withdrawal.
But I see my bitcoin withdrawal in Binance got suspend too like other people so I was wondering what will happen later to binance since we cannot withdraw bitcoin.
I hope that this will not take too long and hope binance can solve the problem as soon as they can.
I am sure that the increasing of bitcoin price has nothing related to binance stopping the withdrawal.
But I see my bitcoin withdrawal in Binance got suspend too like other people so I was wondering what will happen later to binance since we cannot withdraw bitcoin.
I hope that this will not take too long and hope binance can solve the problem as soon as they can.
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
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 personally dont think the bitcoin price increases was due to Binance withdrawals suspension but Binance does create something which helped the price of bitcoin market to surge when they advice their users to stop the pair trading of USDT and this make alot of people swap their USDT to Bitcoin while alot of exchange also disable USDT now. If so what happens to the price when Binance allows withdrawals again?
They have some system upgrade right now, i think the Deposit & Withdrawl will be open after the system upgrade. You can check it a few hours again or tommorow.
We'll find out soon enough. I don't really get the folks who think nothing will change. It has an awful lot of pent up money that'll be looking to capitalise on the action that's taken place while it was frozen. No idea which direction it wants to go in though.
If I am correct Binance has started allowing deposit and withdrawal from today.
Withdrawals are still suspended for me, and I've been checking frequently as I want to get some NEO off Binance as soon as I can.As far as Binance's hack affecting the price of bitcoin goes, I don't really think this rise had anything to do with it. There have been big exchanges that have gotten hacked in the past (Cryptsy is the one coming to mind first), and no one exchange's hacking or failure or whatever can influence bitcoin all that much. Mt. Gox was a big exception to that, because if I'm not mistaken they held an enormous percentage of the total circulating bitcoin at the time, but that's not true of any exchange these days.
Binance might be very popular and very big, but there are a lot of other big exchanges today, unlike in 2013. That's actually comforting to know.
Bitcoin grow i think because maybe more whales buy and also people start buy and they will hold the coins for longer and maybe will grow more if more people will start to buy and hold. And indeed is interesting that the price grow more after Binance hack.
Jump to: