Bitcoin Forum

For the bull to come, Stop using binance and bitmex and other all exchanges
You're a bear if you trade.
You can't win with the trade. With trade, only the amount of coins increases, but in dollars you are down. Trade is the only winning exchanges.
Stop trading, just buy. Hodl in your own wallet.
The bulls will eventually win.

And can you more specific about that or at least you should mention why we must stop use both of major exchange site? As far as i know, both don't even big a dumpers. Look at the result of big gainers and there was a lot of coins are getting pumped from the major exchange site.

I also do not understand how this relates to the behavior of the cryptocurrency market. Arbitrage in any case will quickly balance Bitcoin prices. So I do not think that this will solve the problem with the fall of digital gold.

Don't you understand? With paper on trade. They're checking in with your money. not real with their own operations, Non - physical trade.

I don't understand what you say, I don't think a bull run will come if all traders don't use Binance and Bitmex.

When all the traders completely start holding their coin will surely bring the prices to be bumped due to the demand gets created but who is going to leave the opportunity of making money while others doing it for community.

He says don't hold coins on an exchange. If the liquidity on the exchange dries up, they won't be able to fake the price with their trading bots.

It is a good advice for your security also.

I do not understand. Be more specific.
I think that thanks to big exchanges like Binance and Bitmex we have big liquidity and Bitcoin and other altcoins can be easily exchanged in few seconds. And I am not talking about the trustworthy, these 2 exchanges are the most safe to use.

Circulation reduced means how you will get the demand for the coin. It will lead to dump the price little more. We need demand and less amount circulation to grow better in the marketplace.
As trader you must need hodl bunch coins and give demand to the Market. As well while doing trading have your final conversion as bitcoin and ethereum.

not physical trading, transactions on paper. And with your money, they take your money :)

If the value is limited to only 2 exchanges, it will not help to change it. That is not the right idea. A great innovation will be a new breath and then the price will continue to increase. Otherwise, stopping the trade in Binance and Bitmex will negatively affect the price.

What made you think that binance and bitmex somehow interfere with the bullish trend? In general, the first time I hear that any exchange can somehow affect the situation on the market.

Both are major exchanges and there is no reason to ignore these exchanges. The bull trend will come but stopping the trading on Bitmex is illogical. I don't have an idea why you even mentioned the Binance.

This is unclear to me because binance is a good exchange and if you don’t use binance the bull will still not come because its not time yet. We can’t kill the bear, time will do it for us and for sure even if we used these exchanges the bull will still come on time because that it the trend that we should have. I don’t know why, but I will not believe on this one.

Why people should stop using Binance and Bittrex? is there any relation to the bears and bulls upon using them? There's no sense to dictate the people to stop using the preferred exchange they want except if they have been using a scam one.

Please be specific on what you are pointing out. You are making confusion to the minds of the people here. If you want to stop the bear, there's no way to stop it. As bull comes, it will be seen very soon when the market rises again.

because these stock exchanges operate on paper. Understand what they are doing with your money. think deeply.

Where did you find that idea that Binance and Bitmex are the reason of this long bearish situation by the way? Where infact they are the top in ranking of the crypto’s trading volume in market.

Not only the Binance and Bitmex because last year mt.gox also one big reason of price dump and many peoples are said Chinese new year was totally collapse the last year January. But no one was prove the exact information of price manipulation so we always trying to increase of cryptocurrency then only it will going to moon.

I dont know that there were lots of factor to be consider in this kind of market he is just looking for the reason that Binance and Bitmex are the reasons of the bear market as you can see the volume percentage is not that high so they cant affect the market situation today.

There are hundreds of exchanges so even though binance and bitmex are biggies, those alone cannot be considered responsible for bringing prices down.

I like your topic very much because it brings encouragement, but I still yet don't understand the content of the topic, what do you mean by kill the bear and bring the bull by stopping trade in bitmex and binance, how does this two exchanges affect the price of Bitcoin ?

From the last I checked, binance is an exchange and the price of any coin in an exchange is not determined by the owner of the exchange but by the people who trade on the exchange and this begin to make me wonder why you say that we stop trading on bitmex and binance, do you have any bad experience trading with them ?

I agree with you
I think the OP did not explain in detail why not to trade on binance exchanges. this is very strange and maybe only an assumption or logic is flawed

Can you elaborate more please what do you want to say why you convincing people now to stop using binance and bitmex? Do you mean that's the reason why market now is suffering? Well that's not true probably in my opinion since only whales and fud's is the reason why market keep turning into bearish.

I trade sometimes on Binance, I did not work with Bitmex, but I do not think that this stock exchange is deceiving its users using fake trading volumes or something like that. Maybe you have some personal problems with these exchanges? What do you mean when you say they trade on paper?

Their is no safe exchanges in crypto world, all exchanges can be hacked if the insider leaks the information so it is always safe to keep your coins in your wallet instead of keeping in exchanges.

Why do you blame binance and bitmex as reasons for the bear market, then how about the other exchanges. Calm yourself, and you don't need to think blindly like that.

This is way you don't like binance and bitmex? so far I haven't found a negative information from the users of the two exchanges. Although they have many access to see your asset but I don't think they will cheat and take all your asset. The two exchanges have a good reputation so far, they will not take risks to manipulate your asset because it doesn't make them profitable. Moreover, the movement price of BNB has experienced a significant price increase in the past few days, so as they will keep focused to try to become an exchange that is trusted by many people.

As we're in the decentralized network we don't know when scenario gonna get changed. At present there were signs of price pumping and dumping. There is not much of a bull market or bear market. After fluctuations now the price has begun to grow slowly. This growth at times is being mentioned as bull market. Possibly we'll see the next bull run in few weeks time.

it doesn't make sense for me to stop binance and bitmex so that bull run come , as far as I know binance is the largest market and number 1 that can make a  coin pump

It doesnt work this way, you have to be more specific.
The bear trend is not because of those exchanges, its normal on every market. The bull will come if there is no more FUD like this and when people start sharing the real meaning of cryptocurrency instead of spreading lies and hype.

Lol i think you have a very bad philosophy of bull run man but i think you have made a very good point and am looking forward to the bull run but am sure we dont need to stop anything for it to come It will come when it does till then buy coins and HODL

Stopping this things will not be the only reason for a bull Run it needs to come naturally under the form of cryptocurrency development forcing will not give any result quickly if it need to come in the next year we cannot change it instead of waiting.

If anyone predict about the cryptocurrency it will not happen always and we will definitely need a bull run at this situation because the investors are waiting for a long time to get their profit in profit and there will be no profit situation are happening here so if any changes will not have turned it will be a huge difficulty for Crypto investment.

right ...! stop using binance and bitmex is not a way out so prices improve or bring the fortress market. I think the price can change if investors start believing in cryptocurrency and we know that, price manipulation by stopping other people won't last long

Think positive in every exchange, we must be able to give many reasons to be able to claim or stop people from doing so. Walking like anything we will not be able to stop it, Binance and Bitmex are indeed popular but we must be able to think well that all this will go well and that cheating will disappear by itself.

The content of the op is too short and does not tell us a lot but it is possible that he means that we should hold our coins instead of selling them in exchanges but such a measure is not going to work, the whole point of being invested in cryptocurrencies is to do whatever you want with your money and if some people want to sell their coins for a loss then that is their problem and instead of trying to make them stay in the market we need to buy their coins and reap the benefits of that choice in the future.

They didn't do anything to you, why the hate?
Bitmix and Binance is what helps to drive the adoption, this market is not only one sided and it's good this way as we can see a real development.
Sure we are bearish now, but this will never stay forever, if you are full aware of the history of BTC, you'll likely gonna believe bull run will start.

I think your question is incomplete. We don't need to stop but increase our investment. So by increasing investment, we can move the market to continue to grow. If we shut up and expect Bullrun without us doing something that makes the market move, of course, it will be difficult.

These sites work with the forex logic. You can't see the bull unless you quit. Hodl bulls must use their own wallet. Or you can never see a bull.

Along with buying we should also be asking others who do panic selling mode to stop it . Beacuse due to them more pressure is build in the market and people incur further losses and thus we should be motivating them to hold the coins .

Why man? What would happen if we stop using Binance and Bitmex? Nothing will happen, you know why? Because everyone here is a part of a big flock, so if one goes and finds another way to trade then they will also follow. Doesn't really make any sense because if trading will get stopped, how will people earn? Bulls can take place while trading the much awaited and highly expected volume and I think that the big bulls are yet to accumulate enough to push back the price up.

I don't think this is a good solution because it will only make the market decline. You must motivate all investors so that they can invest in large amounts. We now know that Crypto is experiencing a crisis of confidence in investors.

How does the use of Binance and Bittrex prevent the bull? They are like the best exchanges available for trading. Will cryptocurrency trading be strong without them?

I think the reason why he said so is because Binance being the biggest exchange in the crypto currency world, many claim they are the ones encouraging and registering a lot of the exchanges that are shitcoins and ended up wasting people’s money after they fail though I don’t support this claim fully, Binance just need to go extra mile in verifying the exchanges they are registering.

If most of these altcoins are not being registered easily, it will discourage the upcoming ones without viable project thereby allowing people invest in already existing ones which will push up the market.

Wow any reason behind it, do you know something that we don't know I'm not trading on both exchange, but what's the latest buzz about not using both exchanges can you elaborate further, we really need the bull run to come.

Will be interesting to watch if the majority of the TAs are correct which state that the bear market for cryptos end in the middle of March of 2019.

I don't think that's relevant. Short term speculation on exchanges goes both ways, it's not a cause of price drops. One reason that recent price movements have been encouraging is that they've been associated with higher volumes.

I'll definitely give my doubts on it, were not even showing huge pumps and how could you say that? And I don't know such TA's will in real or just fully speculations. Market will recover soon but not that easy as we think, we saw some pumps but it just go back dump few days after. We are getting into more volatile today than of before.

you are right, the volume that is clearly visible on the rise compared to when markets decline. We can see it, when there is a decline in trading volume in the market declines are, fortunately now there's been a correction and I think will continue to increase.

if in my opinion the presence of a bull and a bear is not by stopping using binary and bittrex exchanges, and in my opinion it also depends on the user or big investor, because the investor has a big impact on the market

I don't think of following your advice, and if you think like that then give logical reasoning, so that your assumptions can be understood.

I think the OP was referring to the fact that if you keep coins on an exchange, this means increased liquidity, which can potentially be used for underhand or illicit purposes.
The problem here is that whilst low traffic on exchanges might alleviate suspicious trading activity, it does nothing to produce bullish sentiment.

I think I agree with us not gambling at Bitmex especially with the bitcoin up and down bets, if everyone puts it down then the dealer will try desperately to raise prices and vice versa if all long pairs / up can be seen the band's losses if indeed up continuously..

all indeed depend on the user and the interests of the market. When they are comfortable and safe with an Exchange does not exist is no reason to close them. when trading activity still going on and still the presence of investors in it all looks secure.

Both binance and bitmex are full of market maniupators, trading bots, and other unpleasantries so the OP was actually correct. However, it does improve trading volumes and interest which i guess is good for bitcoin

Leaving these exchanges by traders will not change anything. On the contrary - it will allow whales and their robots to manipulate the market even more easily. Unfortunately, but we have to wait for whales to fill their pockets and pump up the price again, or we have to wait until the market cap will increase enough that whales will not be able to manipulate it.

on a side note, their trading volume does really good for crypto
it translates to the idea that we have huge amount of money circulating in crypto alone.
you would wonder who are those big whales who own a lot of bitcoins.
but stopping the usage of those 2 exchanges wont do any help to have the continuity of the bull market...

please explain in more detail the reason why we have to stop using both exchanges, in my opinion the two exchanges don't have a very significant dump but we can take advantage there and even though the market is down but there are still lots of coins that get decent pumps high in binance and bitmex exchanges. we can still get a decent profit to cover a portfolio that has suffered a loss because the coins we hold experience a very drastic drop in prices.

well, both of these markets provide very high risks because there are bots that can provide very fast price movements but you must know for now the level of trading security is still held by binance, binance can be the biggest exchange place that has a very high security system.

you still don't understand. Binance, bitmex, bittrex vs. = the largest whale.
The bull will never come. Because they're already earning a lot. they don't want the bear market to end and they do their best.
Take your money from the exchange market, see how they bring the bull.

Why not? Are they manipulating the market or what reasons do you have on why bull market will come if we stop using these exchange. To tell you honestly I am now hopeless to see another bull run. Many speculation that market will fall and yet it happened so most probably same thing will happen this year.

Did the timely arthur, ether said it would be 100 usd?
Recall that vitalik had told in time. go to hell all exchanges

If we stop using two Exchange. Will this help the market for Bull Run, I don't think that happens. The two exchanges are also very good and I hope you should be able to provide optimistic input. We must be patient and now it is better to invest.

Why will the bull run come when we stop using those two high volume exchanges? I guess those two contributed a lot to the marketcap. I think what youre implying here is those two are manipulating the market thats why it wouldnt go up? Maybe but, always remember a good volume helps and also an indicator of a bull run.

We are oscillating in a trap of 4k usd and if we break it we will see the next support test at 5 k usd, i hope we will break it in November or December 2019 not much early than it.

Yeah, although we stop using those exchange, it doesn't mean the bull run will happen immediately. The bull run will come, I believe that, but we must be patient and don't lose hope. When everything is ready, then the bull run will appear, and it will happen, but if you are not ready, then you might miss the chance to follow to sell your coins.

I think those exchanges still give benefits to us and sometime we could make a bigger profit from Binance because the volume is bigger in Binance depends on the other exchanges. Besides that, we cannot kill the bear because the bear will still be there and if the time is not coming, then we should have more patience.

You elaborate  your post for us to fully understand your whole point. Even if you break down that two exchanges you have mentioned, there are still whales or manipulators and also, there are a lot of established exchanges. However, if you are frustrated about something and your trading wasn't that work well, let me remind you that if there is no bear, there is also no bull in the market.

Wha t? When I saw your topic, I thought I was coming to see a write up that makes so much meaning, only for me to see this sir. Stop using Binance and Bitmex for what ? Would you please explain the role of both of them in this Bearish market ?

Though I don’t use bitmex but I can assure you that Binance exchange is one of the best things that have happened to crypto currency. Solid platform, smooth trading operation, fast, reliable and an exchange with the lowest fee I have ever seen so why the pick on Binance if you don’t have any fact to back up your order.

I guess we have crypto charm now that you have come to use to command us.

Maybe your prediction can occur, but are you now see any sign of movement going up? because of the increase to the market could rise as high as it can not just happens. We have to look at the market and the market still looks calm now.

i think he mean to say that we must not  sell our coins because selling or trading is the number root cause of a bear market . you know binance and bitmex are the top exchange nowadays  , so if people stop using it . this can uplift the current market situation  pretty easy but the only problem is that is totally impossible to happen  . you cannot stop people from selling because that is thier capital , that is thier life not your  .  just mind your own business .

it must be because it's been a while for bears to be in the crypto market that makes a lot of people suffer, so now it's like where we can get rid of bears and bring bulls here

You said it right, we do have our owned strategy, if those people feel that way and its working for them to generate profits then no one can stop them to
continue with this works, we can't blame them if they have different perceptions but reality wise when people start to hold and keep the coins around to
bought by strong holders, the value will rise back again and the impact will be good for our investment.

today the market is still at the same level long enough. I hope that we will not fall even lower. If active investments are followed by everything, this will save the situation.

I know we are waiting from a long period of time to get a bull Run again but it will not happen still now and it dumping again and again but I think the time is not so far it will happen in the end of this year possible I think we need to wait for sometime to get a good result for our investment.

I do not expect more for a significant increase this year but I only hope that growth can occur again and the bearish market trend can immediately go so that market conditions can improve soon, at least so the value of our investment in the portfolio can also increase. I'm just worried that the coins that I hold in the future have no value at all and the coins die from the market.

Of course, all these events that are happening today in the cryptocurrency market have a very detrimental effect on the development of many projects. But first of all, I would like to say such words for cryptocurrency users so that we study the market and gain experience, because it is thanks to our action that we can change the situation drastically. If big whales manipulate the market at their discretion, then real cryptocurrency lovers can fix everything.

A continuous small rise can give some hints for reversal, maybe the corrections are starting to overcome the bear and bull might appear after, no need to doubt your coins it will be concluded when bull start to run and overtake the bear season, though it's a tough call keeping coins that you are unsure, luck will bring your fate to success.

No matter what, this industry will grow and the bull will be there, needs some time to be more stronger after that the journey will
bring success to everyone who trusted this industry.

So what  do you suggest, which market you will be using to trade or are you suggesting to stop trading and just use it as a store of value for the long time so that the price increases, what about huge OTC purchases which is off the market situation, in short there is no clear data to show how much bitcoin is sold and purchased on a daily basis, the bear grip is loosening and we will see the market recovery in the coming months.

stop trading, just buy. Hodl in your own wallet. anyone who trades is a bear. you win by trading but never bull run.

Oh that's another thing, we can't control whatever decision making a traders have in mind, but your suggestions will really helps the market to grow
if traders can buy and hold their assets the impact will be good with the current value of the coins, one way to help lifting everything inside and
welcome the bull momentum.

IMHO Binance now trying to change trend to bullish with their launchpad) bearish can be only margin exchanges where you can go short like Bitfinex, Poloniex and Bitmex)

By trading only increases the number of pieces. The price goes down all the time.

If you pay attention to the information sector in the network, you can see that today binance is very actively in demand and the feedback on this trading platform is quite positive compared to other competitors. But my opinion is still based on the fact that now something needs to be changed in the cryptocurrency market for its own benefit.

Enjin chart looks like bull market https://www.coingecko.com/en/coins/enjin-coin

This makes the initial post clearer, it looked like an attack on the two exchanges cited. Your advise is that we all hodl and lock up, it's not a bad one, but you can't tell other what to do with their money, especially as some profit from trades, it is an essential part of the market, and we can have a bull run with it

i did not know much about the technicalities why and exchange should be the reason why bitcoin is falling because I think binance was just and exchange and bitmex is a trading platform.  I tried to read through other people posts but I could not come to conclusions why you make this comment.

Let the bear sleep, and the bulls to run,
The bear have been enjoying its stay at the market I think it is time to let the bull run free.

If we can just really do that to the bearish trend literally then i can say it's already been over for the bearish trend long ago. It's really been a tough challenge for crypto hodlers keeping their digital assets in tact while waiting for the bullish trend to come.

do you think now is the time bull coming? until recently the market still looks not so good. can one bull came in market conditions like these. in a near future perhaps it could give gifts to traders and hodler.

Lol. Getting REKT is easy in margin trading. Smart traders already shorted the latest trends pullbacks and they are looking for more space in a downtrend for liquidating the winnings.

And that is why those who thinks that crypto is a get rich quick scheme gets REKT in this market. Lol, those noobs thinks that the price will go on a parabolic rise and then the bears takes over. I don't know how the hell we're going to kill the bear, but one things for sure, they won't stay, there will be a time that the bulls will start to run. So I do hope that when it happens, we already accumulated so many bitcoins that we will just sit and relax and watch our investments grow.

I do both, bull or bear trend maybe will come when "people who want it" make it come. Maybe if only from market, it not change a lot because out of market, there are bigger transaction that happen.

thanks for the translation! :P

Blam this to short trader, because of this typical trader we are not going to up for the price. Short trader always taking a profit for only 1-2% i hope they all will fomo went the bull its out.