Bitcoin Forum

Yes, this subject is in the media!
Binance are basically saying that many coins are overpriced and coins need to adjust to fair value!
For example, many coins do not have working platforms and trade on hype!

Well, that is not new and at some point later on, the possibility of some of these coins or tokens with no working platform or products getting flushed out is inevitable.

However, I do not understand the part binance will have to play with that since they are just an exchange, and except probably some policies gets to be implemented across exchanges where majority of those coins in that category are delisted, or there is an influenced/manipulated market crash that affects a whole lot of them and wipes them out, I still cannot think there is a possibility of adjusting them to fair value since this is a decentralized market.

Perhaps this is true. But here it is necessary to understand if they want to pierce the bubble, they want to earn money on it. There is no exact understanding of exactly how this should happen, but apparently if they are with the whales conspiring with them they can commit this conspiracy.

Bubbles will still exist even though Binance wants to burst it
Binance is just an exchange service they only have power on their own platform, I think that effort will kill their business because the market likes bubbles if the service interrupts their comfort, they just need to move to another service

It appears someone wants to burst the bubble: Look at the LOW market cap with a high probability it will go down!

Binance is very popular and has some influence. Listing in Binance is, in most cases, a price increase, since there are colossal sales volumes. But you have rightly noticed that the last time the leadership of Binance is doing only to them profitable steps. Recently I could not withdraw money within 10 days. And not all tokens that I want to sell or buy are on this exchange.
They certainly have the right to prohibit anything in their territory. But there are a large number of alternative decentralized exchanges.

And what? It is the reality that we have, EOS was 20$ when their platform doesn't even work :-\

Binance should be prosecuted for listing shitcoins. They took 5 million for listing Quarkchain! These guys and the lady running it might have overstepped the line!

Whatever bubbles will eventually burst in the long run. So if there are bubbles in cryptocurrency prices it is like a rule to expect to burst to serve as correction. Binance is only pointing out the obvious, it happens everywhere.

Investors education is needed to identify based on foundation. Many top 100 projects are just a concept with glamorous whitepapers!

In other words: BS

Different coins have different price and the price is fair enough. The more you invest, the more you get risk and the more you can earn good amount of money.

Binance is indifferent to whether the bubble bursts or not, it is the investors who care and they aren't entirely wrong. Now it may be a conflict of interest for them to state this, but seeing how their is no regulatory body to overlook the whole industry it is fair game. Bring on the burst I say, and humble those who are involved right now.

I think that Tether which is allegedly affiliated with Binance is the main threat to the whole crypto. They keep minting more and more USDT whenever they wish to affect the market and we have basically no proof that there are real dollars behind and it's not a bubble.

The bubble has already burst, but as you can see many coins are still traded with non-sense price. and in fact you can try to see tron, eos and many overhyped coin with no product at all.
But the crypto is a bubble and it can burst anytime and another bubble can appear anytime. you can try to see this time it has created another bubble too.

This is the absolute truth and I completely agree with them. For example, Binance also conducted ICO but they really did a lot for the world of crypto and this is a team that works and works and each time shows tremendous results.

I personally do not understand this statement because after the ico the projects do need some time to deliver the product, no ico can come up with the final product instantly and as long as the price being over valued is concerned most of the recent icos are trading under the ico price and the older ones that were pumped during the last bull season are also back to previous lows so i dont know what they want now.

Binance and other cryptocurrency exchanges are probably in on the tactics used by whales to manipulate the market prices due to sell walls

It would be the wisest good if Binance would do that but i think everything here is working on hype whether you like it or not. But if Binance would make some corrections then this could mean that cryptocurrency would experience another bearish market.

Actually this is not a new thing. Maybe this is valid. However, here it is important to comprehend in the event that they need to pierce the air pocket; they need to acquire cash on it. There is no correct comprehension of precisely how this ought to happen, however clearly on the off chance that they are with the whales contriving with them they can submit this intrigue.

So, any links or evidence Binance is saying this?

Also, you sound like the crypto bubble bursting is a bad thing.
This is a huge red flag that you know nothing about investing.

Bubble economies are bad for EVERYONE.
Despite what you think, there aren't that many millionares made from bubble economies.
For every millionare made, there are literally thousands who lost a lot of money.

So, how do you survive?
You invest in terrific companies with promising futures, companies that will outlast the bubble popping.

On a side note, binance saying this isn't surprising.
They are actually very strict about their listing policy.  A coin has to have at least an mvp to be listed on Binance and the high cost of getting listed keeps shitcoins away.

Yes it is true that Binance wants the crypto bubble to be brust. But even though Binance wants to brust it, bubbles will still exist. As Binance is an exchange service who only have power on their own platform, their business can be hampered by this action. Because bubbles are liked by the market and if this comfot zone is interrupted, people will move to another service.

Yes, Binance is correct. There are many coins in the market which does not have a real working platform, but is popular because of it being hyped. Measures are needed to be taken to eliminate this unnecessary hype of these coins.

Maybe they are not understanding that brusting the bubble could Ultimately lead to problems in the economy of Bitcoins. It could literally decrease the investors who are actively engaging in it.
Many people are in here just because of the high profits that they are able to get by long term holdings .
This step by them would ultimately lead the price of Bitcoins to die and maybe in the near future it could be used under government regulations but till then , it will be useless in it's own way and I personally believe that it was made as a method of investment not currency.

The bubble will burst at BTC 2K

So you accuse Binance in just being fair - I also agree that there're abundant overhyped projects without even any MVP, not already working product. (But still there're undervalued coins as well!)
And at the same time you call crypto "a bubble", which also shows that you don't take this market/indusrty serious. What's you problem?

It is going to burst or maybe bursting now it does not matter what binance wants. The market is naturally correct overpriced coins and throw away some trash.

It happens with every new things.
For a student of history and economics, the post war economic boom is a good example of current situation.
Everything was hyped and new things popped out everyday, no research about the need or market of the product.
It led to the recession of 1973-75. Similar situation might be looming for crypto at current time.

bubbles will eventually burst, exchanges like binance will definitely want to make good profit out of this situation.

the possibility is so because until now the price of altcoin has not gone up because bitcoin itself also has not risen and if bitcoin up altcoin will also rise due to follow the movement, therefore from now many people are trying to invest and buy bitcoin at low prices and can help pump the price Bitcoin to climb back

Indeed, this is a problem for the entire cryptocurrency market at this stage.
Many tokens do not even implement open source code, so only for ICO.

Binance is getting its wish!

I wonder with the actual price fall down performance of the whole crypto market but still this is not enough for them? Is this not still to be consider an ultimate corrections like the Bitcoin in which from ATH of $19,800 is falls now to $6,000? How they would define corrections then? I think they just want to manipulate the market price again and market corrections is their excuse.

in my mind, different Coins have different prices and the price is fair enough. The more you invest,
the more you get the risk and the more income you earn.