Crypto experienced bloodshed - page 2.

Halime Anatolia

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Quote from: ndutndut on June 10, 2023, 08:05:25 AM

The crypto market has plummeted to around $ 1 trillion today, with a liquidation amount exceeding $ 200 million within 1 hour. In particular, some tokens that have been registered as securities by SEC have been devastated:

What do you think of your friends to take advantage of situations like this, is it now the right time to buy a few coins?

I am also experience and feel this way, one of the common obstacles that most people feel is that they also have difficulty buying because they have to make adjustments for their daily needs. Those who dare to take risks by borrowing time, they are winners, for those who don't, they are just spectators. So, now we will also be spectators when prices rise at the beginning of the year. if this the same as 3 years ago.

Yaunfitda

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Quote from: Semar Mesem on June 25, 2023, 07:49:55 PM

After almost 3 months now the price can return to the level of $ 30k, of course this is a positive indication that the market is soon rising, many investors are afraid that the market will collapse because the issue of Binance which is experiencing a crisis is not proven, all withdrawal transactions are still in the normal process, some even once withdrew around 15 btc or $450k from the Binance wallet.

Smart investors buy in the dip, so I doubt that they are afraid on what has happened to Binance. And as we can see, the price was not affected, on the contrary price has reached as high as $31k, meaning there is hype and FOMO again.

But we just have to be cautious as well, this price increased is due the Blackrock applying for a Spot Bitcoin ETF. So in any case it might not be approved by SEC, the price could go down again. So we will have to wait and see what is going to happen to that application and hopefully it can bring another set of good news to us at least at the end of the year.

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After almost 3 months now the price can return to the level of $ 30k, of course this is a positive indication that the market is soon rising, many investors are afraid that the market will collapse because the issue of Binance which is experiencing a crisis is not proven, all withdrawal transactions are still in the normal process, some even once withdrew around 15 btc or $450k from the Binance wallet.

woez

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It's only temporary that Crypto is experiencing bloodshed and the impact that is really felt is Altcoin due to the Market correction a few weeks ago and today the market has woken up from its slumber. BTC has been experiencing very good price movement and I think it will continue in the future especially SEC Approved First Bitcoin Leverage Futures ETF last Friday Source: https://cryptodaily.co.uk/2023/06/sec-approves-first-leveraged-bitcoin-futures-etf-in-the-us

cryptomaniac_xxx

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Indeed, the recent decline in the crypto market was caused by one of the factors, namely Robinhood's decision to sell several tokens such as There, Matic and Sol could affect market sentiment and cause significant selling pressure. If a company like Robinhood holds large amounts of crypto assets and decides to sell them, this could create instability and trigger further selling. So, in the face of a situation like this, the decision to buy a particular coin becomes a very personal one. Before buying, it is important to do thorough research on the coin you want to buy.

I really don't understand though why this is the cause of the recent decline. And so maybe you haven't heard about the case of SEC vs Binance. That is the main reason why the prices stumbled and decline to $25k, and then it's support price of $26k which we have been trading sideways for a long time now.

And now we have a break out run to $30k+ because of all the institutional money and the whole BTC Spot ETF application namely by Blackrock and other big institutions. It's just the question on whether we can maintain this price because this seems to be the highest price that we achieved this year. So we would like to see and break above it at least before the end of the year.

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Quote from: STT on June 17, 2023, 06:22:47 PM

Calculate the surprise element because I dont think FTX being a fake facade of a company not well determined or dependable as some thought, the fallout was not well predicted. Hollow values and structural unknown problems was market shock hence it will move prices. Binance having regulatory problems is like a headline every month for years, maybe its getting worse or getting to a crescendo I dont know but for shock that fallout potential or the missed step on the virtual stairs that is graphed trends etc. doesn't appear to be there.
Many plain BTC holders will not appreciate the idea that this entity with various alternate blockchains is being discussed as relevant but my measure is public perception not the people who know or judge better those blockchains as totally separate. If people perceive a connection then it matters when we talk about market prices and dynamics vs that event or rumor etc.

It makes sense that you have doubts about FTX dependability as a business and the possible consequences of its false ideals and unsolved structural issues. Such an unpredictability can undoubtedly startle the market and affect pricing. On the other hand Binance ongoing regulatory issues have started to make headlines on a regular basis. While it is unclear whether the situation is becoming worse or nearing a crisis point it is not immediately clear whether it will have a substantial impact on market patterns. Nevertheless it is crucial to remember that public perception affects market dynamics significantly regardless of whether BTC holders properly understand the differential between FTX and other blockchains.When discussing such occurrences or rumours market prices and dynamics may be affected if there is a perceived connection. Overall the intricate interaction between public perception market trends and particular occurrences draws attention to the complexity of the bitcoin scene.

ancafe

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Quote from: erep on June 17, 2023, 05:59:26 PM

Binance exchange has huge funds in their cold wallet so it is impossible for them to use investor funds to invest in certain projects, if you notice they always announce every project they invest in, generally projects that have been reviewed for potential from the start are affiliated with binance labs.

For a large exchange with a good reputation I don't think it's possible to do that, Binance has built a great reputation in many countries and using investors' funds to invest in certain projects is very unlikely. CZ is one of the richest people in the world and it is impossible for something like this to be done to make the binance exchange lose its reputation.

Quote from: erep on June 17, 2023, 05:59:26 PM

CZ has always posted about investors funds that are always safe on every platform affiliated with binance, so there's nothing to worry about because they have received answers to the problems with the SEC in court, I'm sure binance will win this case because their accusations are groundless and not can be proven in fact in court proceedings.

But in general we never know whether Binance will win lawsuits from the SEC because after all the SEC has a lot of influence in the United States and surely there will be a deal that will happen for both parties. It's safer and if one of us keeps assets on Binance, it's better to transfer the assets to another place first because if something happens to Binance Global we won't have any problems regarding the assets we store there.

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Quote from: Republikcoin.com on June 16, 2023, 06:52:24 PM

Quote from: Paul Pogba on June 15, 2023, 02:28:27 AM

I think the thing that has rocked crypto in the last month is the issue that Binance is having a crisis, I'm also worried that Binance will be like FTX so withdraw almost all the funds on Binance and all the funds are safe and I don't think it's a problem so the market is now reacting positively.

Binance will not experience the same thing as FTX, after all the two exchanges face different problems and their solutions will be different too. So you don't need to worry about equating the two for every problem they face because the case experienced by FTX is clear and the problems faced by Binance are also clear. And stock exchanges like Binance itself are also sure to be able to solve their own problems in a wise enough way even though the one at issue is Binance which operates in America.

You might be right that Binance will not have the same fate as FTX and we wish it doesn't, but whatever has happened and is happening has already affected the market and it will keep happening until things settle down and Binance and Coinbase come out of the cases and allegations that they are going through which will obviously take some time and there will be a lot of changes after the cases.

SEC will obviously want them to register the tokens and products that they offer as they consider them securities, if exchanges agree and can register them, they will do, otherwise, they will obviously need to close down their services within the country which will have an impact on the market once again.

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Quote from: erep on June 17, 2023, 05:59:26 PM

Quote from: Weawant on June 17, 2023, 05:01:22 PM

Binance exchange has more integrity and customers so I don't think they're using their customers funds for investing in newly launched projects. They're very strategic with their investment as they only invest in project that'll succeed and make them more profits.

Binance exchange has huge funds in their cold wallet so it is impossible for them to use investor funds to invest in certain projects, if you notice they always announce every project they invest in, generally projects that have been reviewed for potential from the start are affiliated with binance labs.

CZ has always posted about investors funds that are always safe on every platform affiliated with binance, so there's nothing to worry about because they have received answers to the problems with the SEC in court, I'm sure binance will win this case because their accusations are groundless and not can be proven in fact in court proceedings.

We cant really make out some conclusive approach if they havent violated up something or what because SEC wont really be throwing up those things without having those things which they do know that it would really be increasing out their change to win up the case.This is why confidence would really be still that not that present as long this issue would continue and hasnt been closed up.

I dont really have no doubts when it comes to Binance service or its existence because i've been using up for how many years already and i dont able to experience any issues or whatsoever.
For this market on having a bloodshed then it would really be just that a normal situation because whenever there's something that it is really that connected to crypto space
which does face up some issues then it would really be giving out some significant impact into it. Sometimes not but most likely it will.

STT

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Calculate the surprise element because I dont think FTX being a fake facade of a company not well determined or dependable as some thought, the fallout was not well predicted. Hollow values and structural unknown problems was market shock hence it will move prices. Binance having regulatory problems is like a headline every month for years, maybe its getting worse or getting to a crescendo I dont know but for shock that fallout potential or the missed step on the virtual stairs that is graphed trends etc. doesn't appear to be there.
Many plain BTC holders will not appreciate the idea that this entity with various alternate blockchains is being discussed as relevant but my measure is public perception not the people who know or judge better those blockchains as totally separate. If people perceive a connection then it matters when we talk about market prices and dynamics vs that event or rumor etc.

erep

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Quote from: Weawant on June 17, 2023, 05:01:22 PM

Binance exchange has more integrity and customers so I don't think they're using their customers funds for investing in newly launched projects. They're very strategic with their investment as they only invest in project that'll succeed and make them more profits.

Binance exchange has huge funds in their cold wallet so it is impossible for them to use investor funds to invest in certain projects, if you notice they always announce every project they invest in, generally projects that have been reviewed for potential from the start are affiliated with binance labs.

CZ has always posted about investors funds that are always safe on every platform affiliated with binance, so there's nothing to worry about because they have received answers to the problems with the SEC in court, I'm sure binance will win this case because their accusations are groundless and not can be proven in fact in court proceedings.

Weawant

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Quote from: Republikcoin.com on June 16, 2023, 06:52:24 PM

Binance will not experience the same thing as FTX, after all the two exchanges face different problems and their solutions will be different too. So you don't need to worry about equating the two for every problem they face because the case experienced by FTX is clear and the problems faced by Binance are also clear. And stock exchanges like Binance itself are also sure to be able to solve their own problems in a wise enough way even though the one at issue is Binance which operates in America.

The current lawsuit might not affect Binance globally so it won't end up as FTX did. FTX borrowed investors money and used it for investment that wasn't profitable to them when they sold that investment and I think one of them would be Luna because many invested in the project.

Luna and other coins that dumped to zero cause FTX to not have money to pay their customers using their exchange and when Binance threatened to sell all the tokens they had, the market panicked and started dumping FTT coins which lead to a nore dump of FTT tokens.

Binance exchange has more integrity and customers so I don't think they're using their customers funds for investing in newly launched projects. They're very strategic with their investment as they only invest in project that'll succeed and make them more profits.

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Quote from: kesmex on June 17, 2023, 10:30:54 AM

That's why we all love the volatility in Bitcoin, with the volatility of our trades and investments much faster than in any other asset.
Blackrock has indeed become a trigger for the price to rise, but Bitcoin still hasn't broken from $30k so there is still potential for this to be a bulltrap,
so be careful if the market bleeds again, get out and wait for it to calm down.

I am very confused as to what to call this downward trend in the market. Maybe it's a bull-trap, maybe it's coming in this down trend to take a big post in the market. But according to various analyses, we are currently in a season very close to the start of a new bull run.
So I will not be afraid of this downward trend of the market and say if you can invest in Bitcoin it will be useful later. Because the current price of bitcoin is also a good dip, I doubt that it will ever come to this good dip again in the future.

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Quote from: DeathAngel on June 17, 2023, 10:12:19 AM

People always look for a reason why the market makes big changes in price. Crypto is a new asset class, volatility is to be expected, sometimes there doesn’t need to be a reason, the market is primed to move either way. There can be a catalyst but for example right now the market is probably ready to start a slow climb up. The worst is probably over so you may see the Blackrock ETF being a reason why the price explodes upwards.

That's why we all love the volatility in Bitcoin, with the volatility of our trades and investments much faster than in any other asset.
Blackrock has indeed become a trigger for the price to rise, but Bitcoin still hasn't broken from $30k so there is still potential for this to be a bulltrap,
so be careful if the market bleeds again, get out and wait for it to calm down.

DeathAngel

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People always look for a reason why the market makes big changes in price. Crypto is a new asset class, volatility is to be expected, sometimes there doesn’t need to be a reason, the market is primed to move either way. There can be a catalyst but for example right now the market is probably ready to start a slow climb up. The worst is probably over so you may see the Blackrock ETF being a reason why the price explodes upwards.

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Quote from: ndutndut on June 10, 2023, 08:05:25 AM

What do you think of your friends to take advantage of situations like this, is it now the right time to buy a few coins?

The recent downturn in the cryptocurrency market and its impact on certain tokens should be seen as part of the market's natural ebb and flow. In addition, these periods of market correction often provide opportunities for reflection, re-evaluation and the emergence of stronger projects and technologies. Why do I say that? The cryptocurrency market has shown resilience and an ability to recover from past downturns.

I personally, Invest in Bitcoin and Ethereum only. I have no doubts because the correction that happened in the near future is only slightly down compared to the other tokens mentioned. Bitcoin and Ethereum on the other hand, being the two largest cryptocurrencies by market capitalization, are often the benchmarks for the broader market. During this period of volatility I can interpret as their steady position for widespread adoption, and investor confidence.

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Quote from: Paul Pogba on June 15, 2023, 02:28:27 AM

I think the thing that has rocked crypto in the last month is the issue that Binance is having a crisis, I'm also worried that Binance will be like FTX so withdraw almost all the funds on Binance and all the funds are safe and I don't think it's a problem so the market is now reacting positively.

Binance will not experience the same thing as FTX, after all the two exchanges face different problems and their solutions will be different too. So you don't need to worry about equating the two for every problem they face because the case experienced by FTX is clear and the problems faced by Binance are also clear. And stock exchanges like Binance itself are also sure to be able to solve their own problems in a wise enough way even though the one at issue is Binance which operates in America.

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Quote from: o48o on June 16, 2023, 03:24:11 PM

Quote from: carlfebz2 on June 12, 2023, 05:33:23 PM

To those people who panic sell this time would definitely be making out some regrets later on, on the time that the market would really be green once again.For those newbies or who had just recently dive in into this market would really be normally be having those kind of impressions on which it might really be looking that this might be the end but its not, it is really just a normal market cycle.

We cant really just be having that one path to take which is upwards, it isnt really called a market if we dont really have these fuds and other fundamentals around which causes the price to be way more volatile.Crypto market does have those ups and downs and this is really where emotional test would really be happening and if you are that someone who do have that weak emotions then for sure you would really be that susceptible when it comes to errors and mistakes on things that you have done.

This is why instead of freaking out these kind of times, it would be much more wiser if you do really know on taking this as an opportunity for you to buy more instead of panic selling.DCA is always the key.

Well panic selling is quite misunderstood as it can be a way to save money. If you are fast and ahead of curve. And you are facing a 2 year bear run, panic selling right at the start is beneficial.
I see selling in pure desperation or in rage, way worse.

When you have holded for a long time, you have almost nothing left and in a desperate moment you try to save what rest of you have left. I have seen people rage quitting, having meltdowns in absolute bottom, turning their passion into fud fire sale and total mayhem in the chats and forum, and right before mooning. I have sold the bottom too, but it wasn't because of fear, it was because of disbelief and frustration.
I guess i could regret it as it would have been life changing money if i managed to sell the top.

and is critique on in is justified when it's going to be just a dip, but this wasn't a dip but it started from 6 month crash from 2021 and we are still not out of the woods even if we , in fact situation looks so bad it almost stopped the bull run.

So people who panic sold, probably made money. Now we the sentiment seems to be desperation and disbelief and selling on that would be worse.
But i agree, dca is a good tactic in general.

Yes, a very normal common people or investors approach on which on the time that you would be seeing your portfolio is really that getting low then the most common action you would be making is on how you

would really be to save up at least with those amounts and this is where you would really be considering on cutting up some losses which i could say that this is always the bad decision to be done when we do speak about here on crypto space, considering that prices could shoot up or dump down in a short span of time on which there's no way that we could really be able to stop it out.
When you do cut losses then it would be finalized and counted as a losses, wherein if you have just decided to hold then it would really be still have the chance of recovery or breaking even
but of course it would really be depending on what coin you've been holding.

Once you do commit out such action and realize things that it was a bad decision then this is where learning would kick in. You would realize that you should have hold up your position
and just simply wait up for the market to settle on.

o48o

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Quote from: carlfebz2 on June 12, 2023, 05:33:23 PM

To those people who panic sell this time would definitely be making out some regrets later on, on the time that the market would really be green once again.For those newbies or who had just recently dive in into this market would really be normally be having those kind of impressions on which it might really be looking that this might be the end but its not, it is really just a normal market cycle.

We cant really just be having that one path to take which is upwards, it isnt really called a market if we dont really have these fuds and other fundamentals around which causes the price to be way more volatile.Crypto market does have those ups and downs and this is really where emotional test would really be happening and if you are that someone who do have that weak emotions then for sure you would really be that susceptible when it comes to errors and mistakes on things that you have done.

This is why instead of freaking out these kind of times, it would be much more wiser if you do really know on taking this as an opportunity for you to buy more instead of panic selling.DCA is always the key.

Well panic selling is quite misunderstood as it can be a way to save money. If you are fast and ahead of curve. And you are facing a 2 year bear run, panic selling right at the start is beneficial.
I see selling in pure desperation or in rage, way worse.

When you have holded for a long time, you have almost nothing left and in a desperate moment you try to save what rest of you have left. I have seen people rage quitting, having meltdowns in absolute bottom, turning their passion into fud fire sale and total mayhem in the chats and forum, and right before mooning. I have sold the bottom too, but it wasn't because of fear, it was because of disbelief and frustration.
I guess i could regret it as it would have been life changing money if i managed to sell the top.

and is critique on in is justified when it's going to be just a dip, but this wasn't a dip but it started from 6 month crash from 2021 and we are still not out of the woods even if we , in fact situation looks so bad it almost stopped the bull run.

So people who panic sold, probably made money. Now we the sentiment seems to be desperation and disbelief and selling on that would be worse.
But i agree, dca is a good tactic in general.

ancafe

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Quote from: ndutndut on June 10, 2023, 08:05:25 AM

The fall of the market is caused by traders who feel significant selling pressure due to Robinhood's decision to remove there, matic, and sol. It is assumed that Robinhood stores around $ 1.3 billion in Altcoin and $ 583 million in the form of existence, matic, and soles.

Make proper planning whenever you plan to enter the market to buy, bitcoin strength also weakens in the current conditions and imagine when you try to leverage other altcoins. A wave of panic ensues and we never know when it will end, so it's still in the planning stages and I think it will be a waste of time when we try to speculate with altcoins.

If you refer fully to altcoins and just don't try to minimize the risk, it means we don't learn from market conditions that happened before. Situations that will be profitable cannot be separated from careful preparation, therefore all must make the right considerations and decisions must be chosen according to previous thoroughness.

Quote from: ndutndut on June 10, 2023, 08:05:25 AM

What do you think of your friends to take advantage of situations like this, is it now the right time to buy a few coins?

If asked whether this is the right time to buy then the answer is yes for bitcoin, while for altcoins it is up to each individual to make an assessment, they try to speculate or not it is their individual decision to determine. This should be an illustration that bitcoin which has strength is also affected by corrections, let alone talking with other altcoins.

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