Topic: Crypto markets turn bearish atfer japan's pressure on Binance (Read 299 times)
This is normal and was expected as binance was one of the most popular exchange in the market and what binance did was not tolerable making japan take some strict action against it.Due to all this drama people loss their trust on bitcoin and tried to remove whatever they have invested in bitcoin making it to fall and bearish.
the whole market will fall for a short term, but it will not last long, and this already had been used once, many people sell their coins to make profits or buy fall futures, they will promote this news, but i think they maybe failed
Some bad big investors investors in the cryptocurrencies market has they way of influencing the market any time their want to affect the market to they own advantage, and at that they carry false bad news about bitcoin just to cause panic in the community for people to go into panic selling.
They are more traders rather than investors. This panic selling would really affect the market specially when this big news site are making fake news to destroy the cryptocurrency market. People are only reading the headlines rather than going into the deep story of the news. 
Everyday there can be a reason to drop on price. People need to learn not to sell just for one little bad news. Unless we are going to experiance this situations all the time.
Just now for the past five days,we all were enjoying a price rise in bitcoin reaching price of almost $9,000 if i'm not wrong.Now suddenly,bitcoin's price has fell down almost $400 dollars since a news spread that Japan's financial watchdog FSA has ordered the exchange Binance to freeze its operations since its license is still pending for official approval.
Zhao Changpeng, Binance founder has expressed disappointment with Nikkei's report as irresponsible journalism.He added that they are having constructive dialogues with FSA and no such order has been issued.
Whether it is a FUD or not,but it has created a negative effect over the whole crypto currencies.Most of other major crypto currencies have also faced a downfall due to this news.
Wishing bitcoin a speedy recovery.
Zhao Changpeng, Binance founder has expressed disappointment with Nikkei's report as irresponsible journalism.He added that they are having constructive dialogues with FSA and no such order has been issued.
Whether it is a FUD or not,but it has created a negative effect over the whole crypto currencies.Most of other major crypto currencies have also faced a downfall due to this news.
Wishing bitcoin a speedy recovery.
It's a fud there is no doubt about it, Japan is the only country who has adopted Bitcoins with it's heart open so why in the world would they resort to such stupidity. I have stopped believing all that is said in the media, they're out there only to create fud and spoil the image of bitcoins and its exchanges so there is a fall. They won't be able to spread fud for long good days are coming I'm sure bitcoins shall rally soon, and Japan finds a peaceful solution to this.
the 4-10% volatility in prices are not valued as major drops anymore in my opinion because after 20k rise and fall we have experienced more major drops and rises which outlies the 5-10% rates
Some bad big investors investors in the cryptocurrencies market has they way of influencing the market any time their want to affect the market to they own advantage, and at that they carry false bad news about bitcoin just to cause panic in the community for people to go into panic selling.
Zhao Changpeng, Binance founder has expressed disappointment with Nikkei's report as irresponsible journalism.He added that they are having constructive dialogues with FSA and no such order has been issued.
Rather than accusing them of irresponsible journalism he should have addressed the issues presented in the article sand come up with proofs that they are wrong.
And the second line in the Nikkei article is :
Quote
The company was operating in Japan with no registration and judged that investors could suffer damage
This is the quote he should have explained, do they operate legally or not?Not the thing he said, that "We are in constructive dialogs with Japan FSA". This means nothing.
It means that they had issues. There would be no "constructive dialogue" if they had a license. There would be no need for a dialogue. Just like the police don't show at your door to have a dialogue with you. If it happens there had to be some issues.
So I'd blame both sides. The article for fudding that binance was ordered to cease activity and binance for not clearing out why they had problems with the FSA. I'd say they had no valid license and went under investigation, which doesn't mean they'll be closed. The Chinese exchanges remained in operation despite multiple raids and investigations in the years 2014-17.
You pretty much nailed it.
https://www.bloomberg.com/news/articles/2018-03-23/the-world-s-biggest-cryptocurrency-exchange-is-moving-to-malta
Quote
The company had an office in Japan and was trying to get a license to operate there, but decided to remove its staff to avoid a clash with local regulators, Zhao said.
And running from Japan to one of the last tax heavens in Europe is a red flag.
God!!! Sometimes those news drive me nuts, isn't there a single damn exchange that has nothing to hide?
Just now for the past five days,we all were enjoying a price rise in bitcoin reaching price of almost $9,000 if i'm not wrong.Now suddenly,bitcoin's price has fell down almost $400 dollars since a news spread that Japan's financial watchdog FSA has ordered the exchange Binance to freeze its operations since its license is still pending for official approval.
Zhao Changpeng, Binance founder has expressed disappointment with Nikkei's report as irresponsible journalism.He added that they are having constructive dialogues with FSA and no such order has been issued.
Whether it is a FUD or not,but it has created a negative effect over the whole crypto currencies.Most of other major crypto currencies have also faced a downfall due to this news.
Wishing bitcoin a speedy recovery.
Zhao Changpeng, Binance founder has expressed disappointment with Nikkei's report as irresponsible journalism.He added that they are having constructive dialogues with FSA and no such order has been issued.
Whether it is a FUD or not,but it has created a negative effect over the whole crypto currencies.Most of other major crypto currencies have also faced a downfall due to this news.
Wishing bitcoin a speedy recovery.
So many peoples trying to spread fud about bitcoin and cryptocurrency.
So they can take advantages from bitcoin holders that panic selling their coins.
nah, i don't think this had any influence on bitcoin price. this is not such an important news anyways and in case anybody didn't know Binance is not a bitcoin exchange! it is instead an altcoin exchange so if anything, altcoins dumps is related to this news not bitcoin's.
in my opinion the reason why bitcoin dropped is the new wave of FUDs that is scaring people by talking about "child porn" on blockchain. as it was expected the only way for price to drop is for them to come up with new FUD and that is exactly what they did!
in my opinion the reason why bitcoin dropped is the new wave of FUDs that is scaring people by talking about "child porn" on blockchain. as it was expected the only way for price to drop is for them to come up with new FUD and that is exactly what they did!
Binance can't be forcefully closed by Japan's FSA in any way because the exchange is under Hong Kong / China jurisdiction. It is all FUD. FSA is not an international body that is authorized to sanction legal entities of other countries.
Just now for the past five days,we all were enjoying a price rise in bitcoin reaching price of almost $9,000 if i'm not wrong.Now suddenly,bitcoin's price has fell down almost $400 dollars since a news spread that Japan's financial watchdog FSA has ordered the exchange Binance to freeze its operations since its license is still pending for official approval.
Zhao Changpeng, Binance founder has expressed disappointment with Nikkei's report as irresponsible journalism.He added that they are having constructive dialogues with FSA and no such order has been issued.
Whether it is a FUD or not,but it has created a negative effect over the whole crypto currencies.Most of other major crypto currencies have also faced a downfall due to this news.
Wishing bitcoin a speedy recovery.
well for now the btc price seems not falling down instead it the btc price market rises up after its fall. It is not only japan that makes the btc price movement. It is the participation of all investors around the world. So probably it could not affect the whole world. And this is the great balance that btc has offered. Any downfall of a cryptocurrency to a specific country will not affect the whole world. So as to confirm with the news about japan today i guess that is just an hearsay as i do the updates tiday here in the Philippines and nothing has to worry about sonce the btc price still plays at 8k-10k usd. if you want an evidence then i will provide the link for you to see the btc market price. https://coins.ph Zhao Changpeng, Binance founder has expressed disappointment with Nikkei's report as irresponsible journalism.He added that they are having constructive dialogues with FSA and no such order has been issued.
Whether it is a FUD or not,but it has created a negative effect over the whole crypto currencies.Most of other major crypto currencies have also faced a downfall due to this news.
Wishing bitcoin a speedy recovery.
I have no idea what's happening good and bad for market circulation that knowing I will hold my bitcoin now for so long because of the very low volume rates and about bitcoin in our hardware wallet .way I have no faith to issue just around the corner thinking that a team is all responsible on how everyone is handling a pressure .we should probably be waiting for so many hours until prices get stabled.
With the regulation talks going on , expect these sort of news coming out every now and then that would affect the price of bitcoin, the market moves according to the news around the world and i do not see any change in it anytime soon, as i have said in the past, expect unexpected news that controls the market and trade smart rather than panicking and selling at a loss. If you are good at trading you could make a good profit in this uncertain market, if not go for the long hold.
Zhao Changpeng, Binance founder has expressed disappointment with Nikkei's report as irresponsible journalism.He added that they are having constructive dialogues with FSA and no such order has been issued.
Rather than accusing them of irresponsible journalism he should have addressed the issues presented in the article sand come up with proofs that they are wrong.
And the second line in the Nikkei article is :
Quote
The company was operating in Japan with no registration and judged that investors could suffer damage
This is the quote he should have explained, do they operate legally or not?Not the thing he said, that "We are in constructive dialogs with Japan FSA". This means nothing.
It means that they had issues. There would be no "constructive dialogue" if they had a license. There would be no need for a dialogue. Just like the police don't show at your door to have a dialogue with you. If it happens there had to be some issues.
So I'd blame both sides. The article for fudding that binance was ordered to cease activity and binance for not clearing out why they had problems with the FSA. I'd say they had no valid license and went under investigation, which doesn't mean they'll be closed. The Chinese exchanges remained in operation despite multiple raids and investigations in the years 2014-17.
Lucky me, pulled funds out the other day
One thing I can't understand in that news: Binance is registered in Hong Kong and, of course, it is not a jurisdiction of Japan's FSA. What kind of operations Binance fulfils in Japan that reqest FSA permission? Is there a subsidiary of Binance there or does Binance have deals with Japan banks?
It seems that negative news was deliberately raised by governments in various countries let alone countries whose society is full of pros and cons against the existence of bitcoin. I feel this Fud lie at least does affect price movements in the crypto market but I'm sure the price movement will turn back bullish because Binance has made a statement and clarified that the news that appears is not true.
I don't think that the news has affected the price of Bitcoin. The market is just too volatile right now with the price jumping between $6k and $11k. At most it could have caused a down ward pressure on alts but I don't think it could cause a drop in price for Bitcoin.
Any news could affect bitcoin's price and the alts. Even the slightest of the negative news would produce an impact that is not proportionate with its significance in the flow of crypto markets. Most of the time, traders capitalize with what news are circulating currently and they'd create some form of signal in hopes to move the market. Most of the time, this is how push and pull actions between the bears and the bulls were made, and this is the wild fluctuations we see every single day which, most of the time originates with even the stupidest, unrealistic news.
I don't think that the news has affected the price of Bitcoin. The market is just too volatile right now with the price jumping between $6k and $11k. At most it could have caused a down ward pressure on alts but I don't think it could cause a drop in price for Bitcoin.
I absolutely agreed with you the market is just behaving because of market forces not as result of disagreement between FSA and binance the price might bounce upward any moment from now my belief is that the price is experiencing a temporary pullback. Jump to: