The sec literally doing everything possible to discredit crypto and send it crashing but the resilient nature of the crypto space has kept it going and staying strong in this period of attack.
And what is most interesting is, they are not just going after one projects but multiple projects which the claim are operating as security. The market has really take a blow because of this negative attack but i trust it will end up as another history in crypto. Nothing to worry about.
Topic: Crypto experienced bloodshed - page 4. (Read 796 times)
It's nice that some events follow each other. It is better to experience such events now than later. So the sooner the better. Maybe we are not aware of this right now, but if what I say is true, crypto will come back stronger. Stuff like this happened all the time. Some were just speculation or fact, but it always happened. Bitcoin was not affected much by this situation. This is a good thing.
Bitcoin always shows investors and bitcoin lovers that Bitcoin is not affiliated with individuals, institutions or the government. Bitcoin is now little affected by all the bad news in the crypto world. He continues on his way.
Every drop is a buying opportunity. Have a goal to buy bitcoin on every drop.
Bitcoin always shows investors and bitcoin lovers that Bitcoin is not affiliated with individuals, institutions or the government. Bitcoin is now little affected by all the bad news in the crypto world. He continues on his way.
Every drop is a buying opportunity. Have a goal to buy bitcoin on every drop.
Almost a week, the prices of many altcoins experienced a bad trend, BNB and MATIC, which were in the top 10 ranking, dropped more than 20%, and this certainly had an impact on the market so that the price of bitcoin also continued to decline, and if altcoins do not recover soon, it will certainly make bitcoin price will also continue to decrease.
That's because Bitcoin also went through a deep drop, bringing its price back to the $25k level. For now, it looks like the Bitcoin price is still at this level but hopefully this week, there will be a little change so that the altcoin price will increase again.And if you notice in the market, there's been a bit of movement from some of the altcoins as Bitcoin is getting a green candle in the market. And let's hope this is a nice move wherein Bitcoin price can start to gain some more ground.
But we still have to be patient, waiting for the price to get a long rally. That's because we don't know when the long rally will start. So better prepare your Bitcoin and altcoins because a long rally can come at any time.
Any holder should be more patient this June as bitcoin prices are likely to experience more selling pressure than demand. The market was very volatile even after bitcoin tried to break the $26k and $27k resistances but I can expect that to change in the last week of June or towards July.
The price recovery is much more to be expected than the bullish in 2023, but I would not deny that a minor bullish is still very likely for the rest of the year. Right now the market is taking a toll as the SEC has prompted more investors and traders to panic, but that will surely be over soon.
Almost a week, the prices of many altcoins experienced a bad trend, BNB and MATIC, which were in the top 10 ranking, dropped more than 20%, and this certainly had an impact on the market so that the price of bitcoin also continued to decline, and if altcoins do not recover soon, it will certainly make bitcoin price will also continue to decrease.
I started laughing when you said that to Bitcoin by linking it to altcoins where as long as I know Bitcoin, I have never seen altcoins growing very well in the market when Bitcoin was experiencing a price decline in the market. So the question now is have you seen altcoins improve over a long period of time when Bitcoin was in a bad state?
And in this case I'm trying to rule out stablecoins which basically tend to stay even though they also often experience a slight increase when Bitcoin and altcoins are facing bad conditions. So you need to remember that if Bitcoin doesn't recover better in the market, you may never see altcoins in better prices than they are in the market.
Almost a week, the prices of many altcoins experienced a bad trend, BNB and MATIC, which were in the top 10 ranking, dropped more than 20%, and this certainly had an impact on the market so that the price of bitcoin also continued to decline, and if altcoins do not recover soon, it will certainly make bitcoin price will also continue to decrease.
That's because Bitcoin also went through a deep drop, bringing its price back to the $25k level. For now, it looks like the Bitcoin price is still at this level but hopefully this week, there will be a little change so that the altcoin price will increase again.And if you notice in the market, there's been a bit of movement from some of the altcoins as Bitcoin is getting a green candle in the market. And let's hope this is a nice move wherein Bitcoin price can start to gain some more ground.
But we still have to be patient, waiting for the price to get a long rally. That's because we don't know when the long rally will start. So better prepare your Bitcoin and altcoins because a long rally can come at any time.
I think back to March 2020 when the whole market was falling even harder than it is now, but many coin prices are back to those levels. I believe that this bloodbath could be the end for the bear market and an upturn could start soon. Usually people sell in large volumes because of fear, which is what happened this week. It will take some time to recover, but I think there will be an uptrend next.
Correction of market prices is not a big problem for those who have planned investments for the long term. Let the weak hands lose their assets in a panic while they will soon realize that the whales are far better prepared to make big profits in future by accumulate now.The impact of the SEC and Binance as well as a number of other things is causing US traders and holders to have to sell their holdings of assets, but I believe that this will only be a short term impact before the market recovers. I'm not surprised about the dump in market cap in June, even if it weren't for the SEC and Binance.
I do not further measure the actual market interest in the fundamental side of the coins that are disputed here. As for the SEC lawsuit meaning it has depreciated most of the market capital flows which it ascertained from US users, I dunno if they have the opportunity to trade that elsewhere in the future. I only predict the domino effect that will occur from this event, that the global SEC will do the same.
Maybe we are also now in an era where everyone does not have to follow the decision from the US about cryptocurrency and other economy and financial arriving conclusions and approach, those within the US may have little more challenges with their government regulations affecting the operation of Binance exchange but i can say it very clear and direct that this will not be a global issue to be treated on everyone as long as people have known how to take their bitcoin off exchanges.
Almost a week, the prices of many altcoins experienced a bad trend, BNB and MATIC, which were in the top 10 ranking, dropped more than 20%, and this certainly had an impact on the market so that the price of bitcoin also continued to decline, and if altcoins do not recover soon, it will certainly make bitcoin price will also continue to decrease.
Closely related to the condition of the current decline in coin prices on the market due to the events of binance and the SEC.
People who carry out trading activities are worried that the problems that are currently facing binance continue to be spread.
Buying altcoins wouldn't make me say the right thing to do, but buying Bitcoins in this situation is the right move because Bitcoin has certainty compared to altcoins.
Actually, the scope of the problem is between binance.us and the SEC, while binance.com should not be affected. People who carry out trading activities are worried that the problems that are currently facing binance continue to be spread.
Buying altcoins wouldn't make me say the right thing to do, but buying Bitcoins in this situation is the right move because Bitcoin has certainty compared to altcoins.
But because of the panic situation that made this problem more exposed, some people started to be affected.
Buying bitcoin during a market crash like this is indeed a good choice, because Bitcoin is the main coin.
Bitcoin will improve in the long run. But make sure you buy at the right price.
Ensuring the right purchase price varies widely. At least analyzing market developments can help each of us in deciding when is the best time to buy.Bitcoin will improve in the long run. But make sure you buy at the right price.
You are right. Bitcoin is a long term target.
The benefit or advantage behind the Binance and SEC dispute is that I feel the Bitcoin following will increase further and the level of trust in centralized exchanges will be even more questionable.
In general the situation is good enough to switch to coins that have certainty.
The coins that have certainty are certainly the top coins and some new users may come in to buy bitcoin at a lower price like now. In general the situation is good enough to switch to coins that have certainty.
The price drop is surely due to these series of bad news that are spreading all over the world. SEC lawsuit against Binance had played the major role for this price drop. After hearing this news, many have feared that like FTX, Binance might also shut down suddenly anytime. Hence they panicked and sold all their Bitcoins. Now when there are more sell orders then buy orders, the price will automatically drop. Hence we have to just wait for the market to recover and wait for the positive outcomes with full patience.
I do not further measure the actual market interest in the fundamental side of the coins that are disputed here. As for the SEC lawsuit meaning it has depreciated most of the market capital flows which it ascertained from US users, I dunno if they have the opportunity to trade that elsewhere in the future. I only predict the domino effect that will occur from this event, that the global SEC will do the same.
Indeed, I think so. But, it's kind of rare to have capital in times like this. I'm into crypto since years yet by the times like current bloodbath, I tend to be out of money to invest, lol.
we are really going through a tough time, and everyone's feelings are the same at least we have to be realistic, this whole situation has put us in a tough position, financially and emotionally. But if we can raise some funds, I don't think it's a bad idea to buy some coins. Yes. The SEC didn't come in time but at least people have thought To avoid inflation by Buying Bitcoin and USDT.
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What causes this market decline?
You've said it already.What causes this market decline?
- Centralized exchanges having a problem with the SEC (particularly Binance).
- Robinhood stopping the support from different altcoin such as SOL, ADA, MATIC etc.
I'm not hoping for a positive thing to happen anytime soon, but if that happens then it would be good. On the other hand, I want to see the market to be in downwards movement even more so that I can accumulate more coins at a discounted price.
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?
Downwards movement of cryptocurrency = opportunity for us long term holders.This is what I always think whenever I want to invest in crypto. I will not say that the market might go down even further after this one, but I guess it's a good time to buy some coins for short term profit, or maybe long term.
Does anyone know if there is a chance that the USA government will ban crypto or not allow any exchanges to sell bitcoin?
I don't see it happening, and in order for that to happen, they need to create a law which states that the USA isn't allowed to use cryptocurrencies. There might be some who are against it, I believe that more are either neutral or pro into Bitcoin. 
With this huge dump, I believe that it is just correct what happened in the first months of this year, you can see that we really made a good pump up to the $30,000 price of Bitcoin.
So for me, this dump will test everything and the majority are altcoins, I can see that altcoins now are the most suffering, some could create a lot of bottoms from here.
So for me, this dump will test everything and the majority are altcoins, I can see that altcoins now are the most suffering, some could create a lot of bottoms from here.
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I think binanceUS can't do anything about SEC's case. If they want to freeze the assets then its just it. SEC is out to get the binance.US and just want to run it themselves. Maybe that's when Gensler can becomes an advisor. Gensler hates CZ for bringing FTX to its death while Gensler obviously have close ties to those kids managing the exchange.
I never thought on that aspect, Gary Gensler who is the chairperson of SEC is rumored to approach CZ and Binance to be their advisor in 2019 and now he is going after him which means he is taking revenge and there are reports that he was really close with SBF and the general consensus is that the rivalry between CZ and SBF fueled the downfall of FTX. I think binanceUS can't do anything about SEC's case. If they want to freeze the assets then its just it. SEC is out to get the binance.US and just want to run it themselves. Maybe that's when Gensler can becomes an advisor. Gensler hates CZ for bringing FTX to its death while Gensler obviously have close ties to those kids managing the exchange.
I think back to March 2020 when the whole market was falling even harder than it is now, but many coin prices are back to those levels. I believe that this bloodbath could be the end for the bear market and an upturn could start soon. Usually people sell in large volumes because of fear, which is what happened this week. It will take some time to recover, but I think there will be an uptrend next.
Correction of market prices is not a big problem for those who have planned investments for the long term. Let the weak hands lose their assets in a panic while they will soon realize that the whales are far better prepared to make big profits in future by accumulate now.The impact of the SEC and Binance as well as a number of other things is causing US traders and holders to have to sell their holdings of assets, but I believe that this will only be a short term impact before the market recovers. I'm not surprised about the dump in market cap in June, even if it weren't for the SEC and Binance.
I think binanceUS can't do anything about SEC's case. If they want to freeze the assets then its just it. SEC is out to get the binance.US and just want to run it themselves. Maybe that's when Gensler can becomes an advisor. Gensler hates CZ for bringing FTX to its death while Gensler obviously have close ties to those kids managing the exchange.
But crypto market will not pause its coming bull run all because of this. The Halving will come and coins will be lesser next year.
This news is pure manipulation since we all knew that SEC is currently attacking exchanges and some crypto but crypto people should note that the US branch is not the major contributors for the crypto market while those selling off are those people that doesn’t have any idea on what’s happening.
It right that buying when everyone is on panic is the right thing to do because the price will eventually pump once this issue is over or the case is running since this will take time on the court.
I agree, this is not a FUD or a form of manipulation because SEC is a legit organization. They won't do these things if the crypto company is following the right protocol. People have different reasons on why they sell nowadays. Maybe some just need money so they will sell whatever the status of the market and there are some who sells after reading the news because they worry that it might cause more dump in the market which seems true and we are feeling the impact now. Just ignore them if you are confident that everything will return to normal. It right that buying when everyone is on panic is the right thing to do because the price will eventually pump once this issue is over or the case is running since this will take time on the court.
Closely related to the condition of the current decline in coin prices on the market due to the events of binance and the SEC.
People who carry out trading activities are worried that the problems that are currently facing binance continue to be spread.
Buying altcoins wouldn't make me say the right thing to do, but buying Bitcoins in this situation is the right move because Bitcoin has certainty compared to altcoins.
Actually, the scope of the problem is between binance.us and the SEC, while binance.com should not be affected. People who carry out trading activities are worried that the problems that are currently facing binance continue to be spread.
Buying altcoins wouldn't make me say the right thing to do, but buying Bitcoins in this situation is the right move because Bitcoin has certainty compared to altcoins.
But because of the panic situation that made this problem more exposed, some people started to be affected.
US citizens have also sold some of their asset holdings in binance.us due to the dispute with the SEC.
Buying bitcoin during a market crash like this is indeed a good choice, because Bitcoin is the main coin.
Bitcoin will improve in the long run. But make sure you buy at the right price.
The benefit or advantage behind the Binance and SEC dispute is that I feel the Bitcoin following will increase further and the level of trust in centralized exchanges will be even more questionable.
In general the situation is good enough to switch to coins that have certainty.
The coins that have certainty are certainly the top coins and some new users may come in to buy bitcoin at a lower price like now. In general the situation is good enough to switch to coins that have certainty.
Does anyone know if there is a chance that the USA government will ban crypto or not allow any exchanges to sell bitcoin?
The USA government can do anything including banning crypto or closing doors on bitcoins in their country if supported by a law that has been passed in parliament. Government bans will not make citizens comply with government policies when it comes to crypto assets, after Bitcoin has existed in parts of the world for more than 10 years, many USA citizens in particular have been involved in Bitcoin trading. Their conscience has stuck with Bitcoin or other crypto assets, they have gained a lot of profit while plunging into the crypto market. The percentage of crypto asset users in the US is very large, they not only oppose the rules issued by the government, but are willing to go to other countries so they can do something that has been profitable for them so far. Jump to: