Crypto experienced bloodshed - page 6.

Mate2237

hero member

Activity: 700

Merit: 577

What SEC too is always on the neck Cryptocurrency related matters? Mostly they are attacking exchanges, they are trying to show the whole world that they are enemies of crypto. Government is really using them to hunt down exchanges.

Quote from: dragonvslinux on June 10, 2023, 11:40:54 AM

Overall I think this will be good for Bitcoin in the near term while probably getting worse for shitcoins for a while. Bitcoin's dominance now has a realistic reason to increase, as has been the case today breaking above a 2 year range it has been stuck in. While many shitcoins have little to no support right now as they break new lows, Bitcoin instead has a lot of support to the downside, between $20K and $25K.

Soon we will see the natural shift of shitcoin liquidity coming back to Bitcoin, especially when it starts rising again and shitcoins remain stagnant. This will likely be a good remainder of the year for BTC.

It is not affecting bitcoin like that because bitcoin is decentralized asset but some of the shitcoins or meme coins are centralized. So they open to attacked either by the government directly or it agencies. The liquidation is always there for bitcoin to move forward and any other altcoins that do well will also follow the trend.

dragonvslinux

legendary

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Merit: 2213

Overall I think this will be good for Bitcoin in the near term while probably getting worse for shitcoins for a while. Bitcoin's dominance now has a realistic reason to increase, as has been the case today breaking above a 2 year range it has been stuck in. While many shitcoins have little to no support right now as they break new lows, Bitcoin instead has a lot of support to the downside, between $20K and $25K.

Soon we will see the natural shift of shitcoin liquidity coming back to Bitcoin, especially when it starts rising again and shitcoins remain stagnant. This will likely be a good remainder of the year for BTC.

dansus021

copper member

Activity: 2156

Merit: 983

Part of AOBT - English Translator to Indonesia

yeah I hear the news what a crazy, SEC is somehow always puts crypto like a bad actor.

Liquidation yeah I also hit by that 70$ gone Cry

Gary is shit or I would say the SEC too I mean they should make an rule first before doing something like this What i know a things that considered as security should meet the criteria of Howey test.

But look at this the regulation of crypto is still unclear but Huhhhhhh I done with this kinda of bullshit

Beparanf

hero member

Activity: 2954

Merit: 796

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

What causes this market decline?

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.

While Coinbase is preparing to fight against SEC by stating that he has no plans to delete tokens that are allegedly considered securities or will not stop his staking services until there are court orders, other US companies such as Robinhood and Grayscale are unable to continue to serve the token.

Another reason came from the decision of the Moody credit rating agency which reduced the coinbase rating from stable to negative.

It’s important to put all the source for all the info you provided so that readers can easily verify the news that you brought up here. I knew that you just summary the news but source is important to make your data legit.

I’m not reading crypto news anymore but I’m surprised how chaotic the US market now the SEC is cracking down Binance and Coinbase at the same time.

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?

Buy the dip. This kind of news don’t happened everyday. The market will surely recover and everyone knew that the SEC is just butthurt on crypto.

Rikafip

legendary

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

What causes this market decline?

SEC pressing centralized exchanges, as simple as that.

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?

It is always the the right time to buy, but not few coins and instead only one coin, bitcoin. But even then, I am not suggesting any of my friends to buy anything as I learned it the hard way why its not a smart thing to do, even if you are suggesting people to invest in bitcoin.

Lucius

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Blackjack.fun-Free Raffle-Join&Win $50🎲

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

~snip~
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 you're referring to all those altcoins that are sinking, then I don't see how it would be wise to invest in something that has the possibility of disappearing from most of the main CEX - which means that it will be worth (probably) even less than it is the case today. However, if someone wants to take the risk and thinks that the situation will turn in their favor, let them gamble, because altcoins have always been more of a gamble than a serious investment.

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

In particular, some tokens that have been registered as securities by SEC have been devastated

You ask a question, and at the same time you gave an answer - Bitcoin is not a security for the SEC, and thus it does not go into the same category as all those altcoins you mention. For those who refuse to accept reality all these years, it seems that they will accept it the hard way.

YOSHIE

legendary

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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?

Maybe at this time we often see crypto developments on the market, whether it's speculation and things that make all investors wonder, is crypto currently experiencing bloodshed and so on, I think that currently all forms of speculation return to ourselves in assessing crypto developments on the market to determine whether it is worth trading or investing.

For me, what steps should be taken towards crypto back to ourselves, of course everything we want to do is only the best for ourselves, I think this is a good step to consider for the future. Opportunity is not repeated twice.

Yatsan

legendary

Activity: 2576

Merit: 1252

Leading Crypto Sports Betting & Casino Platform

Series of bad events. One thing I guess which caused the market ctash is the issue concerning the largest exchanger which is Binance. It happened that investors associated this instance with what happened before with FTX as we all know. Another is the CME Gap which is meant to be filled before an actual uptrend occur. Not only these two but there are more for sure. This is how easily demand can be affected both direct and indirect events could make a 'wave' towards the market value of cryptos.

Whether it is the right time to buy or not, I think it would be better to check on one's capacity or tolerance with this industry's risk. Ofcourse an investor would want to buy at a lower market price but problem is, it would be hard to determine the exact bottom. The price could also increase in no time. Therefore, you should make a decision whether to wait for a little longer or to enter right now and endure possible market price downfall.

ndutndut

full member

Activity: 644

Merit: 202

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:

Like there, matic, sol, fil, sand and several other tokens are also affected, but Bitcoin (BTC) and Ethereum (ETH) only experience a slight decline.

https://www.coingecko.com/

What causes this market decline?

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.

While Coinbase is preparing to fight against SEC by stating that he has no plans to delete tokens that are allegedly considered securities or will not stop his staking services until there are court orders, other US companies such as Robinhood and Grayscale are unable to continue to serve the token.

Another reason came from the decision of the Moody credit rating agency which reduced the coinbase rating from stable to negative.

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?

Topic: Crypto experienced bloodshed - page 6. (Read 808 times)