What's next? - page 3. | Bitcointalksearch.org

jossiel

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Quote from: Yaunfitda on June 13, 2023, 05:34:15 AM

Quote from: jossiel on June 11, 2023, 01:42:52 PM

People are panicking now without knowing the context of the news that they've seen. It's just all about SEC and Binance.US not entirely Binance.

Yes, that's something that most newbies are not aware of, SEC is looking at Binance.US because it cater obviously to American investors and SEC saying that Binance is offering securities to them which is against their law.

That's right and many think that it's against the whole Binance and they think that Binance.US is separated from the Binance that we use globally.

Quote from: Yaunfitda on June 13, 2023, 05:34:15 AM

Quote from: jossiel on June 11, 2023, 01:42:52 PM

And Binance is just willing to forget all about it and sacrifice that binance.us because it won't work anymore on that area. While the entire Binance company is not even thinking of it because they've got it globally.

But if you're looking for something to panic for then that's fine, I'm still calm with the situation that they're currently facing.

Well they created a separated entity for American investors and traders that's why they put a .US domain name. And initially it satisfied US government until SEC decided to create this fuzz about Binance. And all Binance can do is answer the SEC and then leave the US for good and they don't meet in the middle or at least SEC wanting Binance to get out of their country.

When the US have been strict for most of these exchange and even with their own Coinbase, there's something wrong base on the policy that they're implementing.

And that's why they're leaving it and that's a good decision for them. The SEC is said to be trying to protect people from wrong offerings but they'll also see that this huge market is a benefit to them that they've let go.

Yaunfitda

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Quote from: jossiel on June 11, 2023, 01:42:52 PM

People are panicking now without knowing the context of the news that they've seen. It's just all about SEC and Binance.US not entirely Binance.

Yes, that's something that most newbies are not aware of, SEC is looking at Binance.US because it cater obviously to American investors and SEC saying that Binance is offering securities to them which is against their law.

Quote from: jossiel on June 11, 2023, 01:42:52 PM

And Binance is just willing to forget all about it and sacrifice that binance.us because it won't work anymore on that area. While the entire Binance company is not even thinking of it because they've got it globally.

But if you're looking for something to panic for then that's fine, I'm still calm with the situation that they're currently facing.

Well they created a separated entity for American investors and traders that's why they put a .US domain name. And initially it satisfied US government until SEC decided to create this fuzz about Binance. And all Binance can do is answer the SEC and then leave the US for good and they don't meet in the middle or at least SEC wanting Binance to get out of their country.

blockman

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Things are escalating quickly and with these overwhelming activities and suits filed by Gensler, there goes this one congressman that eyes to fire Gensler.
(https://beincrypto.com/warren-davidson-stabilization-act-fire-gary-gensler/)

Dunamisx

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Quote from: kesmex on June 11, 2023, 10:57:09 AM

Stay calm and relaxed because we are still in a bear market, Bad news and Fud are still appearing very often,
especially the Coinbase and Binance cases will become popular cases in a bearish situation,
so whlaes are also prepared to buy at the bottom price, therefore do not be too hasty if you want to buy.

Aside the fear of missing out with what's going on, one should prepare his mind and make moves to take his asset off centralized exchanges, this does not apllies to Binance alone but every other form of centralized exchanges in custody of our asset keys, we should learn to remain independent and move our bitcoin into our own wallet, if you think trading is what tie you to using them, then think twice, only leave the amount you can afford to loose on the exchange for trading while your major investment or asset should be on a decentralized wallet.

justdimin

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Quote from: doomloop on June 12, 2023, 09:25:56 AM

Quote from: kesmex on June 11, 2023, 10:57:09 AM

Stay calm and relaxed because we are still in a bear market, Bad news and Fud are still appearing very often,
especially the Coinbase and Binance cases will become popular cases in a bearish situation,
so whlaes are also prepared to buy at the bottom price, therefore do not be too hasty if you want to buy.

No one can actually know if whales have already bought or if they need to buy more, but if someone wants to invest at the current price, they should start doing DCA from here until the price reaches the bottom and bounces back at the current position or maybe go higher. When you do DCA, you will always have more funds as a spare because if you never used all of it on buying Bitcoin or any other cryptocurrency.

There is a lot of bad news circulating in the market, the main ones being about Binance and Coinbase which might settle down soon or it may take some time because SEC wouldn't want the exchanges to come out clean so quickly before the market gets devastated.

Bad news are temporary stuff and they will not matter as much as people think they will matter. Which is why it is quite important to remember that those are temporary, and if you are aware that they are temporary then you are going to be fine about it in the future as well, we won't really have that much change in the end.

Hopefully we would end up with something better and the good news would start piling up, those are usually temporary as well but at least it would be a counter towards the bad news. It would allow the price to go up, but since it naturally drawn to going higher, that means the direction change is all we need, when that happens the price will start to go up and even if all the good news loses its power, the price would still continue to go up.

InfinityExists

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Quote from: Beparanf on June 10, 2023, 11:18:30 AM

Quote from: xanto on June 10, 2023, 09:20:49 AM

Hi guys
What do you think about the situation around Binance?
Rumor has it that one of the largest crypto exchanges will soon cease to exist
Binance and Coinbase are the only two crypto exchanges that qualify
Binance has already left the Canadian market and is close to leaving the US market
Both are facing lawsuits and claims

-Regards

Source? Rumors is useless if there’s no valid source or reasonable explanation on why will it happened in the future. The SEC case against these 2 giant crypto exchange doesn’t affect the business outside the IS. Maybe they will be not allowed to operate in US but they have the rest of the world as customers since US doesn’t represent the whole crypto community.

My point on this situation is everything will be fine soon. Ripple is battling SEC for many years without any huge impact on their company. They are still operating freely. Binance and Coinbase are larger than XRP so I believe they will manage to live another day against SEC.

Agreed, I believe it's a bunch of FUD/conspiracies to drive the price down before the halvening.

Beparanf

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Quote from: Alphie12 on June 10, 2023, 09:19:45 PM

Binance has nothing to worry about since they will just pull out of the United States.

It’s really easy if this is the only the consequences on CZ case. It’s not a toy that you can just pull out if someone doesn’t like it. If SEC become successful, They can sue CZ unimaginable amount plus a jail time since he violates multiple law in the US that affects many citizen.

You are talking as if there is no law being violated. SEC will not sue Binance if they can get away easily like that. Any expenses on CZ case will reflect on Binance budget since CZ represents the company on this case.

Learn Bitcoin

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There is nothing we can do at this moment. Whoever uses Binance US should withdraw their fund immediately and store their Bitcoin on a non-custodial wallet like Electrum. Global Binance users (Except for US and Canada) should be worried to see how Binance US was forced to be down. I am not sure what is the current status of Binance US right now. Is it down? Can users withdraw their funds?

We will see a massive crush if Binance gets seized. Bitcoin will recover at some point. But, we have to wait for a long time to recover the lose. If Binance get seized, most altcoins will be dead.

doomloop

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Quote from: kesmex on June 11, 2023, 10:57:09 AM

Stay calm and relaxed because we are still in a bear market, Bad news and Fud are still appearing very often,
especially the Coinbase and Binance cases will become popular cases in a bearish situation,
so whlaes are also prepared to buy at the bottom price, therefore do not be too hasty if you want to buy.

No one can actually know if whales have already bought or if they need to buy more, but if someone wants to invest at the current price, they should start doing DCA from here until the price reaches the bottom and bounces back at the current position or maybe go higher. When you do DCA, you will always have more funds as a spare because if you never used all of it on buying Bitcoin or any other cryptocurrency.

There is a lot of bad news circulating in the market, the main ones being about Binance and Coinbase which might settle down soon or it may take some time because SEC wouldn't want the exchanges to come out clean so quickly before the market gets devastated.

Nrcewker

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As far as I have heard, it’s not about the whole Binance, it’s just against the part of Binance which operates in the United States. But still if these lawsuit really affecting it, then there might be huge chances that Bitcoin price will be hugely affected by this. People in the US will now panic sell all the coins and hence the price will come more down. I would suggest for now, to take out all the coins from Binance and wait for the matter to resolve. Let’s observe everything, till these gets normal.

jossiel

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Activity: 3150

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People are panicking now without knowing the context of the news that they've seen. It's just all about SEC and Binance.US not entirely Binance.

And Binance is just willing to forget all about it and sacrifice that binance.us because it won't work anymore on that area. While the entire Binance company is not even thinking of it because they've got it globally.

But if you're looking for something to panic for then that's fine, I'm still calm with the situation that they're currently facing.

|MINER|

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Quote from: xanto on June 10, 2023, 09:20:49 AM

__

Centralized exchangers are not reliable. Because here your money is being controlled by others and so you can say what will happen with them or what will do they in future. Binance came to the market in 2017 and managed to achieve success very quickly till now Binance is known as the biggest and best exchange in the crypto world. However, just because the us version of Binance was recently suspended in the USA, it does not mean that Binance is going to disappear. Because Binance is not based in USA. Even so, if you want to keep funds in Centralize Exchange, I think it is better to have all kinds of preparations.

kesmex

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Stay calm and relaxed because we are still in a bear market, Bad news and Fud are still appearing very often,
especially the Coinbase and Binance cases will become popular cases in a bearish situation,
so whlaes are also prepared to buy at the bottom price, therefore do not be too hasty if you want to buy.

jeraldskie11

sr. member

Activity: 1316

Merit: 356

Quote from: salad daging on June 11, 2023, 08:43:35 AM

Quote from: rat03gopoh on June 10, 2023, 07:37:10 PM

One has to stop thinking about "what's next". Traders won't be completely deprived of their trading facilities.
Trading platforms are the best business in this space and all companies will always compete with each other to be the top choice even if they have to go against the wishes of their users in order to comply with regulations. In the end, users will readjust to the new regulatory provisions.

There are many exchanges that are still operating safely so we don't have to worry about even if Binance and Coinbase disappear then there are still other exchanges or other options that can exchange our bitcoins and this is just from the trip where the government is always harassing what they don't like, of course there must be an effect on prices but not completely the market will continue to fall.

Even if Binance ever leaves the United States, Americans can still utilize Binance. We have something we used to call a VPN, and if you use it in a country where Binance is allowed to operate, I believe you can access the website. I think there are a lot of other exchanges that we can use with confidence, but the Binance platform was unique, and we must admit that some traders and investors still only wanted to use Binance. Kucoin is, in my opinion, the greatest exchange to use in addition to Binance.

irhact

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Quote from: xanto on June 10, 2023, 09:20:49 AM

Hi guys
What do you think about the situation around Binance?
Rumor has it that one of the largest crypto exchanges will soon cease to exist
Binance and Coinbase are the only two crypto exchanges that qualify
Binance has already left the Canadian market and is close to leaving the US market
Both are facing lawsuits and claims

Binance exchange doesn't need the US market to survive, they're a global cryptocurrency exchange and their operation aren't limited to just US. They enter the US market through Binance US just as they entered other countries officially through same method. Binance US might cease to exist but Binance global will keep existing an people can still buy and sell their coins with the exchange.

One disadvantage from this whole situation happening is that this could affect Binance exchange reputation and other exchange can take advantage of the situation to announced themselves to the market and this means Binance will have to work their way back to the top.

Eternad

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Quote from: salad daging on June 11, 2023, 08:43:35 AM

Quote from: rat03gopoh on June 10, 2023, 07:37:10 PM

One has to stop thinking about "what's next". Traders won't be completely deprived of their trading facilities.
Trading platforms are the best business in this space and all companies will always compete with each other to be the top choice even if they have to go against the wishes of their users in order to comply with regulations. In the end, users will readjust to the new regulatory provisions.

There are many exchanges that are still operating safely so we don't have to worry about even if Binance and Coinbase disappear then there are still other exchanges or other options that can exchange our bitcoins and this is just from the trip where the government is always harassing what they don't like, of course there must be an effect on prices but not completely the market will continue to fall.
I've never been worried about exchange news because my assets have never been stored there, once again what I know about Binance they are still going strong and of course if you leave America and Canada then there are still other countries that can move there.

Yeah there’s a lot of alternative but Binance and Coinbase holdings is enough to brought down the market in case they are force to went down due to this case assuming they will be unsuccessful to defend on their lawsuit.

Lots of Binance and Coinbase investors will surely sell-off like what happened during the FTX failure. Binance and Coinbase are much bigger compared to FTX so the damage on crypto is surely more bigger than the recent Luna and FTX fud combined. I’m hoping that Binance and Coinbase will still operate freely even with this lawsuit.

Baofeng

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Quote from: xanto on June 10, 2023, 09:20:49 AM

Hi guys
What do you think about the situation around Binance?

Binance will try to fight back that's for sure, if you have followed CZ, you know that he won't simply back down from this kind of attacks.

Quote from: xanto on June 10, 2023, 09:20:49 AM

Rumor has it that one of the largest crypto exchanges will soon cease to exist

Unfortunately, this is the FUD that CZ is addressing. I doubt that they will cease to exist. Binance has grown tremendously since 2017 so it's not easy that they will just stop at it is a billion dollar business.

Quote from: xanto on June 10, 2023, 09:20:49 AM

Binance and Coinbase are the only two crypto exchanges that qualify

Coinbase has another place in motion already, Crypto Exchange Coinbase Receives License to Operate in Bermuda

Quote from: xanto on June 10, 2023, 09:20:49 AM

Binance has already left the Canadian market and is close to leaving the US market
Both are facing lawsuits and claims

-Regards

Binance left Canada because of their hard line stance, there are new regulations in place that CZ didn't agree with the Canadian government.

salad daging

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Quote from: rat03gopoh on June 10, 2023, 07:37:10 PM

One has to stop thinking about "what's next". Traders won't be completely deprived of their trading facilities.
Trading platforms are the best business in this space and all companies will always compete with each other to be the top choice even if they have to go against the wishes of their users in order to comply with regulations. In the end, users will readjust to the new regulatory provisions.

There are many exchanges that are still operating safely so we don't have to worry about even if Binance and Coinbase disappear then there are still other exchanges or other options that can exchange our bitcoins and this is just from the trip where the government is always harassing what they don't like, of course there must be an effect on prices but not completely the market will continue to fall.
I've never been worried about exchange news because my assets have never been stored there, once again what I know about Binance they are still going strong and of course if you leave America and Canada then there are still other countries that can move there.

michellee

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Better to wait for further news from Binance. But if you're worried, maybe it's time for you to move all your coins from Binance to another exchange or your personal wallet so that you don't have to suffer when something bad happens.

We don't know what will happen to Binance and as one of the biggest crypto exchanges, I don't think it will be easy to make Binance disappear from the list of major exchanges. So maybe you can think about what you should do from now on.

I'm still waiting to hear back from Binance and haven't moved all my coins, even though I know it might be risky. But I don't think Binance will close as soon as possible because it relates to the assets of many people already using Binance to make money.

Patrol69

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Binance is one of the most popular and easiest crypto exchanges in the crypto market. Currently, the number of users of this exchange is large. And in terms of security, this exchange is far ahead of other exchanges. All types of transactions are available in this exchange. But recently various problems are arising with this exchange. Coinbase and Binance, two major exchanges, are currently in trouble. Users will have to face a lot of problems if Binance exchange is closed due to conflict with each other. Because as easy as this exchange can manage various activities unlike other exchanges.

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