Bitcoin Forum

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?

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.

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.

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.


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.

SEC pressing centralized exchanges, as simple as that.


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.

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.


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.

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  :'( 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

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.

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.

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.

While all very true, I think the reason we are seeing Bitcoin correct further (as opposed to move higher) is because speculators are selling crypto right now, and the reality is the majority of it remains altcoins.

So Bitcoin get's "wrapped up" in the selling fever, even if there isn't any logic to it or rational. Fortunately right now Bitcoin is very close (only 1% away) from reclaiming the majority of the crypto market, meaning it should be much less effected by what is happening to the minority of the market. At least in the past with high Bitcoin dominance as a majority, it becomes very unaffected and detached from the rest of the market.

Of course subjectivity this can simply be because Bitcoin is rising while shitcoins are flat or falling, as there is the momentum behind it, but notably this only ever happens when Bitcoin's market dominance is already relatively high at a clear majority. This is more of less the point of the term dominance, because it's based on how dominant Bitcoin is within the market and therefore how unaffected it becomes by it.

Put your portfolio on stables or if you are trading make some short trades. I think DCA and not going all in is the best plan to do considering there is a real uncertainty goin on right now, until there's some clarity on the market I think it's really best to avoid or put them on stables. Alts will surely bleed right now so it's best to buy either Bitcoin, ETH, or stablecoins.

If we see a downtrend of our favorite cryptocurrencies then it is the opportunity to buy them at a discount.  We always talk about DCA and DCA is most effective when the market is in bearish mode.  With the downtrend of these altcoins and Bitcoins, it is our window of opportunity to accumulate more at a discounted price.  So I think we don't need to hesitate.  Buy while the price is at a discount, we don't know when will be the next opportunity so better to take advantage of it now.

Deflationary events in the fleshy parts of crypto is not new, this is dollar based regulation which is a regular point of 'interest' over many years.  Central banks arent in conflict exactly but if people step on their turf they will frequently clip the wings of any entity using dollars I think thats not just a crypto thing its anywhere anyone that falls into the targets.  Its obviously important because the dollar is a behemoth in anything finance related but its not new thats governments cast a long shadow over anything within their reach, I only wonder about non dollar stuff some places its a question is anyone allowed to do anything not beneficial to a central entity.   All kinds of tremors are going to occur if a large amount of change occurs, so disruption cant be too unexpected imo.  

One thing I don't understand is why POW coins like Doge and LTC are suffering. I am assuming there is a chance that in the USA, many ICO tokens such as ADA or MATIC will be deemed securities and they won't be tradeable on BinanceUS or any of the other exchanges located in the USA.

However some coins such as Doge or LTC are dumping also, which are purely POW. So I am assuming its some large fund that got liquidated over the weekend. Their margin hit on MATIC / ADA / SOL and if they were cross collaterated their other alt positions started to dump.

Here we go! I predicted at the start of the year that I felt there should be one more "event" that would hit the market and hinder it for a few months. These "re-classifications" of altcoins and the SEC/financial authorities going after the biggest centralized exchanges, and the sell-offs that will ensue, is surely this event. I'm hoping for a short bear period of 3 - 6 months from this point.


Time to short or load up the bags for long-term hold! I am not one to hope for the decline of crypto, but I see Bitcoin hitting $9k - $15k again because of reduced liquidity and therefore I see a blood bath for alts. DCA with a reserve of fiat weekly is my strategy. Hoping for continued bloodshed and cheap buys until the next run EOY/during 2024! LFG!

Maybe alts can lose 90% or ETH is it’s deemed a security but I don’t see BTC going to $9K because who is there to sell really?
Most people got cleaned out during the dump to $15K. And many who bought from the low won’t sell at these prices because they are expecting it to go higher.

Bitcoin will never be deemed a security so it doesn’t have that issue like most of the tokens on exchanges.

Well this is not something new to experience crypto bloodshed. We need to be having to expect big losses and not just big gains all the time. This is not how investing in the crypto market works. We have seen the market take away our gains many times before.   

I think if this is a big worry for you then you should not be investing in crypto. We are all here to hodl our coins and it is not going to make us get very rich in a short amount of time. This is not going to happen so just do not look at your wallets if this makes you worry so much.

The crypto market has experienced a drastic decline in recent days due to several things, namely the Binanace and Coinbase disputes that are still ongoing with the SEC to this day, coupled with Robinhood's decision to remove ADA, MATIC and SOl, causing the market to fall all red. answer your question above my view. If one market is missing for and there is another market that holds the same coin. yes. this is the right time to enter the market.

You’re just repeating what his exact explanation on his OP if you read all the content and not the question alone. This news is pure manipulation since we all knew that SEC is currently attacking exchanges and some crypto but crypto people should note that the US branch is not the major contributors for the crypto market while those selling off are those people that doesn’t have any idea on what’s happening.

It right that buying when everyone is on panic is the right thing to do because the price will eventually pump once this issue is over or the case is running since this will take time on the court.

Indeed, I think so. But, it's kind of rare to have capital in times like this. I'm into crypto since years yet by the times like current bloodbath, I tend to be out of money to invest, lol.

Halving is coming close, and I didn't expect market to be dumped like this, also learned that spot purchase is better than leverage, my several longs got liquidated despite using only 2/3x leverage and having lower entry prices except ethereum. Thought, I would close my positions during bull run but here comes the SEC.

Sometimes I find it challenging when exchanges break certain rules regarding security tokens. It makes me wonder whether the exchanges truly understand what security tokens are, or if the projects themselves deviate from the initial path they set out on.

Binanace and Coinbase's dispute with the SEC was a factor in why large numbers of traders shifted their assets into their own wallets for security reasons. Likewise with investors who began to hold back their intention to invest again when they saw the dispute because they thought there would definitely be chaos in the market, especially at the price of Bitcoin. So that altcoins will also experience the same thing, namely price reductions that occur simultaneously even though the amount of decline is still no bigger than last year. But that could be the main reason why Bitcoin price doesn't get better in the market.

I think back to March 2020 when the whole market was falling even harder than it is now, but many coin prices are back to those levels. I believe that this bloodbath could be the end for the bear market and an upturn could start soon. Usually people sell in large volumes because of fear, which is what happened this week. It will take some time to recover, but I think there will be an uptrend next.

Chaos in the market has become increasingly visible since Binance and Coinbase were sued by the SEC. Although the decline in price cannot be fully attributed to the cases that happened to Binance and Coinbase, but the negative sentiment that has occurred in the crypto market is strongly suspected of being the cause. Investors need to be firm about this incident, they must not trust the Exchange to store their assets there. I will refrain from entering the market in the next few days, when the crypto market is under control or there is a slight increase, I will return to making transactions by buying gradually.

Closely related to the condition of the current decline in coin prices on the market due to the events of binance and the SEC.
People who carry out trading activities are worried that the problems that are currently facing binance continue to be spread.
Buying altcoins wouldn't make me say the right thing to do, but buying Bitcoins in this situation is the right move because Bitcoin has certainty compared to altcoins.

The benefit or advantage behind the Binance and SEC dispute is that I feel the Bitcoin following will increase further and the level of trust in centralized exchanges will be even more questionable.
In general the situation is good enough to switch to coins that have certainty.

Does anyone know if there is a chance that the USA government will ban crypto or not allow any exchanges to sell bitcoin?

Personally and for all pure Bitcoiners, it doesnt matter what the US government do
in relation to cryptos/securities/altcoins because Bitcoin is the most important, it is
truly decentralised. Each altcoin can be manipulated by a handful of people and as
Lucius posted earlier in this thread, many people have been warning of the dangers
of investing in altcoins for a long time and the fact that a lot have been decimated because
of the recent SEC news just proves the volatility of them.


Absolutely, now is the right time to buy some _Bitcoins

In Bear season, bad news always comes again and again. I've experienced it a lot since 2018 and now it's 2023,
but when bad news comes, of course the opportunity to buy crypto currency at low prices is very open,
so I always use that opportunity well.

Regarding the possibility of the US government banning cryptocurrencies or exchanges from selling Bitcoins, there is no firm guarantee as to what policy will be taken in the future. However, there are currently no clear signs of such a ban. The US government has focused on regulatory and oversight efforts to ensure compliance and safety in the use of cryptocurrencies.

The USA government can do anything including banning crypto or closing doors on bitcoins in their country if supported by a law that has been passed in parliament. Government bans will not make citizens comply with government policies when it comes to crypto assets, after Bitcoin has existed in parts of the world for more than 10 years, many USA citizens in particular have been involved in Bitcoin trading. Their conscience has stuck with Bitcoin or other crypto assets, they have gained a lot of profit while plunging into the crypto market. The percentage of crypto asset users in the US is very large, they not only oppose the rules issued by the government, but are willing to go to other countries so they can do something that has been profitable for them so far.

Actually, the scope of the problem is between binance.us and the SEC, while binance.com should not be affected.
But because of the panic situation that made this problem more exposed, some people started to be affected.
US citizens have also sold some of their asset holdings in binance.us due to the dispute with the SEC.

Buying bitcoin during a market crash like this is indeed a good choice, because Bitcoin is the main coin.
Bitcoin will improve in the long run. But make sure you buy at the right price.

The coins that have certainty are certainly the top coins and some new users may come in to buy bitcoin at a lower price like now.

I agree, this is not a FUD or a form of manipulation because SEC is a legit organization. They won't do these things if the crypto company is following the right protocol. People have different reasons on why they sell nowadays. Maybe some just need money so they will sell whatever the status of the market and there are some who sells after reading the news because they worry that it might cause more dump in the market which seems true and we are feeling the impact now. Just ignore them if you are confident that everything will return to normal.

I think binanceUS can't do anything about SEC's case. If they want to freeze the assets then its just it. SEC is out to get the binance.US and just want to run it themselves. Maybe that's when Gensler can becomes an advisor. Gensler hates CZ for bringing FTX to its death while Gensler obviously have close ties to those kids managing the exchange.

But crypto market will not pause its coming bull run all because of this. The Halving will come and coins will be lesser next year.

Correction of market prices is not a big problem for those who have planned investments for the long term. Let the weak hands lose their assets in a panic while they will soon realize that the whales are far better prepared to make big profits in future by accumulate now.

The impact of the SEC and Binance as well as a number of other things is causing US traders and holders to have to sell their holdings of assets, but I believe that this will only be a short term impact before the market recovers. I'm not surprised about the dump in market cap in June, even if it weren't for the SEC and Binance.

I never thought on that aspect, Gary Gensler who is the chairperson of SEC is rumored to approach CZ and Binance to be their advisor in 2019 and now he is going after him which means he is taking revenge and there are reports that he was really close with SBF and the general consensus is that the rivalry between CZ and SBF fueled the downfall of FTX.

With this huge dump, I believe that it is just correct what happened in the first months of this year, you can see that we really made a good pump up to the $30,000 price of Bitcoin.

So for me, this dump will test everything and the majority are altcoins, I can see that altcoins now are the most suffering, some could create a lot of bottoms from here.

You've said it already.
- Centralized exchanges having a problem with the SEC (particularly Binance).
- Robinhood stopping the support from different altcoin such as SOL, ADA, MATIC etc.

I'm not hoping for a positive thing to happen anytime soon, but if that happens then it would be good. On the other hand, I want to see the market to be in downwards movement even more so that I can accumulate more coins at a discounted price.

Downwards movement of cryptocurrency = opportunity for us long term holders.
This is what I always think whenever I want to invest in crypto. I will not say that the market might go down even further after this one, but I guess it's a good time to buy some coins for short term profit, or maybe long term.

I don't see it happening, and in order for that to happen, they need to create a law which states that the USA isn't allowed to use cryptocurrencies. There might be some who are against it, I believe that more are either neutral or pro into Bitcoin.

we are really going through a tough time, and everyone's feelings are the same at least we have to be realistic, this whole situation has put us in a tough position, financially and emotionally. But if we can raise some funds, I don't think it's a bad idea to buy some coins. Yes. The SEC didn't come in time but at least people have thought To avoid inflation by Buying Bitcoin and USDT.

I do not further measure the actual market interest in the fundamental side of the coins that are disputed here. As for the SEC lawsuit meaning it has depreciated most of the market capital flows which it ascertained from US users, I dunno if they have the opportunity to trade that elsewhere in the future. I only predict the domino effect that will occur from this event, that the global SEC will do the same.

The price drop is surely due to these series of bad news that are spreading all over the world. SEC lawsuit against Binance had played the major role for this price drop. After hearing this news, many have feared that like FTX, Binance might also shut down suddenly anytime. Hence they panicked and sold all their Bitcoins. Now when there are more sell orders then buy orders, the price will automatically drop. Hence we have to just wait for the market to recover and wait for the positive outcomes with full patience.

People shouldn't be affected by such a situation, but a situation like what BinanceUS is currently facing indirectly creates panic by itself considering that people who have funds there don't want anything to happen to the assets stored there even though Binance keeps trying. convey the message that they will always prioritize comfort so that excessive fear does not occur.

Ensuring the right purchase price varies widely. At least analyzing market developments can help each of us in deciding when is the best time to buy.
You are right. Bitcoin is a long term target.

Apart from Bitcoin, perhaps Ethereum is the one we dare to call a coin that we can expect decent returns from on the list of coins.

Almost a week, the prices of many altcoins experienced a bad trend, BNB and MATIC, which were in the top 10 ranking, dropped more than 20%, and this certainly had an impact on the market so that the price of bitcoin also continued to decline, and if altcoins do not recover soon, it will certainly make bitcoin price will also continue to decrease.

Maybe we are also now in an era where everyone does not have to follow the decision from the US about cryptocurrency and other economy and financial arriving conclusions and approach, those within the US may have little more challenges with their government regulations affecting the operation of Binance exchange but i can say it very clear and direct that this will not be a global issue to be treated on everyone as long as people have known how to take their bitcoin off exchanges.

Yes, summer is usually not the best time for any market, but still the stock market is on the rise. Or one might even say that it is highs, because Apple stock, for example, has made a new ATH. So the sec and binance situation is worrisome, because if the stock market starts a correction too, nothing good will happen for crypto. And if it does, it won't be short term.

That's because Bitcoin also went through a deep drop, bringing its price back to the $25k level. For now, it looks like the Bitcoin price is still at this level but hopefully this week, there will be a little change so that the altcoin price will increase again.

And if you notice in the market, there's been a bit of movement from some of the altcoins as Bitcoin is getting a green candle in the market. And let's hope this is a nice move wherein Bitcoin price can start to gain some more ground.

But we still have to be patient, waiting for the price to get a long rally. That's because we don't know when the long rally will start. So better prepare your Bitcoin and altcoins because a long rally can come at any time.

I started laughing when you said that to Bitcoin by linking it to altcoins where as long as I know Bitcoin, I have never seen altcoins growing very well in the market when Bitcoin was experiencing a price decline in the market. So the question now is have you seen altcoins improve over a long period of time when Bitcoin was in a bad state?

And in this case I'm trying to rule out stablecoins which basically tend to stay even though they also often experience a slight increase when Bitcoin and altcoins are facing bad conditions. So you need to remember that if Bitcoin doesn't recover better in the market, you may never see altcoins in better prices than they are in the market.

Any holder should be more patient this June as bitcoin prices are likely to experience more selling pressure than demand. The market was very volatile even after bitcoin tried to break the $26k and $27k resistances but I can expect that to change in the last week of June or towards July.

The price recovery is much more to be expected than the bullish in 2023, but I would not deny that a minor bullish is still very likely for the rest of the year. Right now the market is taking a toll as the SEC has prompted more investors and traders to panic, but that will surely be over soon.

It's nice that some events follow each other. It is better to experience such events now than later. So the sooner the better. Maybe we are not aware of this right now, but if what I say is true, crypto will come back stronger. Stuff like this happened all the time. Some were just speculation or fact, but it always happened. Bitcoin was not affected much by this situation. This is a good thing.

Bitcoin always shows investors and bitcoin lovers that Bitcoin is not affiliated with individuals, institutions or the government. Bitcoin is now little affected by all the bad news in the crypto world. He continues on his way.

Every drop is a buying opportunity. Have a goal to buy bitcoin on every drop.

The sec literally doing everything possible to discredit crypto and send it crashing but the resilient nature of the crypto space has kept it going and staying strong in this period of attack.
And what is most interesting is, they are not just going after one projects but multiple projects which the claim are operating as security. The market has really take a blow because of this negative attack but i trust it will end up as another history in crypto. Nothing to worry about.

To those people who panic sell this time would definitely be making out some regrets later on, on the time that the market would really be green once again.For those newbies or who had just recently dive in into this market would really be normally be having those kind of impressions on which it might really be looking that this might be the end but its not, it is really just a normal market cycle.

We cant really just be having that one path to take which is upwards, it isnt really called a market if we dont really have these fuds and other fundamentals around which causes the price to be way more volatile.Crypto market does have those ups and downs and this is really where emotional test would really be happening and if you are that someone who do have that weak emotions then for sure you would really be that susceptible when it comes to errors and mistakes on things that you have done.

This is why instead of freaking out these kind of times, it would be much more wiser if you do really know on taking  this as an opportunity for you to buy more instead of panic selling.DCA is always the key.

crypto currency and another economy and finance related decision and way of approach and not obey the American results  and we are in one stage and who all are in America they destroy the France activities and they are some challenges is there and in exchange the not take a bitcoin exchange and they people who know and this is not have international problem and i m tell this are directly and strongly .

I don't see how this is a situation where someone can take advantage of it, there is more and more bad news coming out and the market reacts to each one of them because we know how sensitive cryptocurrency traders are and they need nothing more than a bad news to start panicking and selling their assets like the market is about to die forever, but that is how it is, you can't stop things like these, so you simply act according to it.

I personally would stay away from buying altcoins in such situations, these are not the right times to buy altcoins or even Bitcoin because even Bitcoin will be affected by all these bad news coming out every other day. So I would probably recommend waiting for a while before making any big purchases in altcoins.

Probably that's there intention, but still crypto can't be stop or discredit even by the US government. The price might suffer but it will just temporary. Remember that we still have the bull run coming next year so shouldn't deter ourselves from buying at this dip and then HODL for the next bull run.

They have been going on like that, they initially targets those ICO/IPO, now it seems that their next target is crypto exchanges like Coinbase and Binance who they think facilitate securities for US citizens. But yeah, we shouldn't worry about it, this is just part of the market, every like bull run/bear market cycle, we have this kind of attacks.

I think we are not there just yet, I would love it if we were there but the reality is that we are not there just yet, which causes a lot of trouble for all of us. This is why its smarter to just enjoy the situation while we have it, and that way we can do a lot better in the end, the trouble is that we shouldn't be really worried about what's going to happen with USA, but we should be ready for it as well.

Sure bloodsheds happen all the time but if you are ready with DCA your way back, or stop loss, then you shouldn't be worried about bloodsheds at all, it wouldn't hurt you all that much. Too many people act as if this is avoidable, but this is a financial market, bloodsheds happen all the time and all we can do at this point is to learn to live with it.

If the SEC's theory succeeds in court Binance, Coinbase and all other crypto exchanges will become entities that must be registered by the US federal government and follow rules they set to protect individual investors. That's the last thing i want for cryptocurrency market. But even in the worst case scenario of this legal battle Bitcoin, Ethereum and Ripple may not suffer. The SEC didn't bother calling them securities in the Binance or Coinbase lawsuits. This may cause individual investors and institutions to see less risk and more potential in these cryptocurrencies. The fact that the SEC does not take a stance against these cryptocurrencies can be an extremely positive situation for XRP, ETH and BTC. I think that BTC and ETH will see their way and altcoin season will be over after the court decision, no matter what the result comes out. If the court result is in favor of the SEC.

If you are thinking on that aspect every drop is an opportunity to accumulate more coins and if you are watching the whale alerts on social media you could see that many whales are accumulating thousands of coins during the last few days and that is the normal trend whenever the price went down as many are looking to accumulate the coins for the next bullrun.

I think it's just the irrational means of the market that causes the likes of POW coins, that clearly aren't securities, to suffer. With the exception that Elon might get sued for pumping Doge.

In summary, the usual reaction within the market happens as follows:

1. People sell-off coins that are deemed securities by the SEC, therefore the entire market suffers, including POW coins
2. People stop selling off Bitcoin and Ethereum as much as other speculative assets, because ultimately they are unaffected
3. People stop selling off Bitcoin as price still remains relatively stable compared to other assets, and it will never be deemed a security

This ultimately leaves POW coins unable to compete with Bitcoin, even Ethereum that wasn't labelled a security, simply because people are shifting away from shitcoins back to Bitcoin as it's dominance continues to increase. It's less of a reflection on the likes of Doge and Litecoin, but more of a reaction to the general shift away from altcoins. That said, Doge in particular still remains considerably overvalued imo.

I think by now we all already know what causes the sharp decline of these crypto prices. The sec is clamping down hard on crypto which is not good. As usually any negative news and actions always cause the price to dip as people will sell first before understanding why the market goes down.
And the worst part of this case is you can't say for sure when exactly the heat will cool off.
It is almost like the moment the market is about to reverse the sec will come with new allegations.

actually the best time to buy is when the bitcoin price is in the range of $ 17k but now is also the right time to buy and maybe even the last chance before the bullish  ;D The SEC is an old issue and often appears ahead of the bullish, but even then this news will slowly fade and the crypto market will recover again. so make the best of this moment to get maximum profit in the upcoming bullish phase.

Yes, the price of coins has decreased more to allow whoever that want to buy for short term trading or long term trading to use the opportunity to be part of the advantage, because the market price will definitely increase higher before the end of next month. I believe, my friends will definitely embrace the advantage since it has been long they prepared for another bearish season before they can visit the market to buy potential coins that will bring them favour in a way they will be proud to invest more on that particular coins. I don't think, the price will still dump more than $25,000 before it will return back to $40,000 for those that invested to have something good to achieve.

The bloody market is common in crypto exchanges,
especially as we all know that high volatility in the crypto market has become a feature of cryptocurrencies.
and one of the things that traders and investors like because high volatility can provide high profits too,
so we have to be smart to read price movements.

It did not expect that if the market red was long enough, since last March, the hope to continue to rise because it will soon be Halving which will usually make a significant increase in prices, but we must be optimistic that the market will soon rise again and this bad trend will soon end.

The value of crypto will be sharply decline and what kind of reason and already all should know him i think so and control the crypto and its not good , aged the  negative news and activities are the reason for decrease the value and market how reduce before that come to know and people will be sale first and this cash most danger part are called and heat when will reduce nobody cant say and will going decline at the time new accusation will come .

This ain't the first time, and won't be the last time. We just need to accept the fact that it is going to be like this for a good while and we will end up with a good and thoughtful period that needs to be considered as a big deal. I know that bloodsheds are unavoidable, so why not turn them into your benefit? If you know for a fact that bitcoin does go up and recover time to time, and you know that there are bloodsheds that crash the price, best thing to do is sell at the top and buy at the bottom.

It's not really that hard, sell when it's 5x higher, buy when it's 70% down, that's it, doesn't need to be all of a sudden, just check the bottom and see the increase from the bottom, and check the peak and calculate the decrease from there, you will do quite well if you kept following this.

Events like the problem with major exchanges like Binance and Coinbase can certainly impact market sentiment and investor confidence. But this is also an opportunity for us because these can drive the price of bitcoin lower so that we can buy it at a better price than before. It is also a good time to buy some altcoins when the market is not doing really well. Overall, I don't think the bitcoin price will be affected too much, so make good use of it when the market is FUD.

No, since the start of the year, January, we are enjoying a huge bullish ran, that month alone we have a huge uptick of 40%. February as well was a good month to us. It's just this June, everything started to look negative.


We might thought that the SEC is going after exchanges, but the timing of their attack. And when bitcoin price is slowing down from the month of May to June, suddenly we've seen this news causing the market to have a flash crash. Now, it seems that there are huge selling again, bitcoin trying to claim our support levels of $25k and so it doesn't look good at the mid-week. Not sure what causing this decline, it might be that there could be another negative news around that dampen investors confidence in bitcoin again.

Movement or price volatility would always be a part of it and its true that theres no last time or end to it on which means that the price would be always that volatile.On a market we do really have that
that moving upwards and downwards when it comes to price and as said that we cant really be just seeing green candles most of the time on which means that if there's a pump then there's really a dump or a market correction. For those who do have experience within this market would really be definitely know on how to deal up with this space and instead on freaking out. It would be ideal that you should really know on how to distinguish in between opportunity and the best time to hold. You would soon be able to acquire up these skills on the time that you had able to
gain up the experience on dealing with this market.

Today the Red Market again and Bitcoin now fall under $ 25K, of course this is a tough test for us, but for those of us who focus on long -term hold, waiting for a cheaper price is a good solution to buy more, because I am optimistic that the market will soon rise again because next year there will be halving day.

I think the thing that has rocked crypto in the last month is the issue that Binance is having a crisis, I'm also worried that Binance will be like FTX so withdraw almost all the funds on Binance and all the funds are safe and I don't think it's a problem so the market is now reacting positively.

Make proper planning whenever you plan to enter the market to buy, bitcoin strength also weakens in the current conditions and imagine when you try to leverage other altcoins. A wave of panic ensues and we never know when it will end, so it's still in the planning stages and I think it will be a waste of time when we try to speculate with altcoins.

If you refer fully to altcoins and just don't try to minimize the risk, it means we don't learn from market conditions that happened before. Situations that will be profitable cannot be separated from careful preparation, therefore all must make the right considerations and decisions must be chosen according to previous thoroughness.

If asked whether this is the right time to buy then the answer is yes for bitcoin, while for altcoins it is up to each individual to make an assessment, they try to speculate or not it is their individual decision to determine. This should be an illustration that bitcoin which has strength is also affected by corrections, let alone talking with other altcoins.

Well panic selling is quite misunderstood as it can be a way to save money. If you are fast and ahead of curve. And you are facing a 2 year bear run, panic selling right at the start is beneficial.
I see selling in pure desperation or in rage, way worse.

When you have holded for a long time, you have almost nothing left and in a desperate moment you try to save what rest of you have left. I have seen people rage quitting, having meltdowns in absolute bottom, turning their passion into fud fire sale and total mayhem in the chats and forum, and right before mooning. I have sold the bottom too, but it wasn't because of fear, it was because of disbelief and frustration.
I guess i could regret it as it would have been life changing money if i managed to sell the top.

and is critique on in is justified when it's going to be just a dip, but this wasn't a dip but it started from 6 month crash from 2021 and we are still not out of the woods even if we , in fact situation looks so bad it almost stopped the bull run.

So people who panic sold, probably made money. Now we the sentiment seems to be desperation and disbelief and selling on that would be worse.
But i agree, dca is a good tactic in general.

Yes, a very normal common people or investors approach on which on the time that you would be seeing your portfolio is really that getting low then the most common action you would be making is on how you

would really be to save up at least with those amounts and this is where you would really be considering on cutting up some losses which i could say that this is always the bad decision to be done when we do speak about here on crypto space, considering that prices could shoot up or dump down in a short span of time on which there's no way that we could really be able to stop it out.
When you do cut losses then it would be finalized and counted as a losses, wherein if you have just decided to hold then it would really be still have the chance of recovery or breaking even
but of course it would really be depending on what coin you've been holding.

Once you do commit out such action and realize things that it was a bad decision then this is where learning would kick in. You would realize that you should have hold up your position
and just simply wait up for the market to settle on.

Binance will not experience the same thing as FTX, after all the two exchanges face different problems and their solutions will be different too. So you don't need to worry about equating the two for every problem they face because the case experienced by FTX is clear and the problems faced by Binance are also clear. And stock exchanges like Binance itself are also sure to be able to solve their own problems in a wise enough way even though the one at issue is Binance which operates in America.

The recent downturn in the cryptocurrency market and its impact on certain tokens should be seen as part of the market's natural ebb and flow. In addition, these periods of market correction often provide opportunities for reflection, re-evaluation and the emergence of stronger projects and technologies. Why do I say that? The cryptocurrency market has shown resilience and an ability to recover from past downturns.

I personally, Invest in Bitcoin and Ethereum only. I have no doubts because the correction that happened in the near future is only slightly down compared to the other tokens mentioned. Bitcoin and Ethereum on the other hand, being the two largest cryptocurrencies by market capitalization, are often the benchmarks for the broader market. During this period of volatility I can interpret as their steady position for widespread adoption, and investor confidence.

People always look for a reason why the market makes big changes in price. Crypto is a new asset class, volatility is to be expected, sometimes there doesn’t need to be a reason, the market is primed to move either way. There can be a catalyst but for example right now the market is probably ready to start a slow climb up. The worst is probably over so you may see the Blackrock ETF being a reason why the price explodes upwards.

That's why we all love the volatility in Bitcoin, with the volatility of our trades and investments much faster than in any other asset.
Blackrock has indeed become a trigger for the price to rise, but Bitcoin still hasn't broken from $30k so there is still potential for this to be a bulltrap,
so be careful if the market bleeds again, get out and wait for it to calm down.

I am very confused as to what to call this downward trend in the market. Maybe it's a bull-trap, maybe it's coming in this down trend to take a big post in the market. But according to various analyses, we are currently in a season very close to the start of a new bull run.
So I will not be afraid of this downward trend of the market and say if you can invest in Bitcoin it will be useful later. Because the current price of bitcoin is also a good dip, I doubt that it will ever come to this good dip again in the future.

The current lawsuit might not affect Binance globally so it won't end up as FTX did. FTX borrowed investors money and used it for investment that wasn't profitable to them when they sold that investment and I think one of them would be Luna because many invested in the project.

Luna and other coins that dumped to zero cause FTX to not have money to pay their customers using their exchange and when Binance threatened to sell all the tokens they had, the market panicked and started dumping FTT coins which lead to a nore dump of FTT tokens.

Binance exchange has more integrity and customers so I don't think they're using their customers funds for investing in newly launched projects. They're very strategic with their investment as they only invest in project that'll succeed and make them more profits.

Binance exchange has huge funds in their cold wallet so it is impossible for them to use investor funds to invest in certain projects, if you notice they always announce every project they invest in, generally projects that have been reviewed for potential from the start are affiliated with binance labs.

CZ has always posted about investors funds that are always safe on every platform affiliated with binance, so there's nothing to worry about because they have received answers to the problems with the SEC in court, I'm sure binance will win this case because their accusations are groundless and not can be proven in fact in court proceedings.

Calculate the surprise element because I dont think  FTX being a fake facade of a company not well determined or dependable as some thought, the fallout was not well predicted.  Hollow values and structural unknown problems was market shock hence it will move prices.   Binance having regulatory problems is like a headline every month for years, maybe its getting worse or getting to a crescendo I dont know but for shock that fallout potential or the missed step on the virtual stairs that is graphed trends etc. doesn't appear to be there.    
  Many plain BTC holders will not appreciate the idea that this entity with various alternate blockchains is being discussed as relevant but my measure is public perception not the people who know or judge better those blockchains as totally separate.  If people perceive a connection then it matters when we talk about market prices and dynamics vs that event or rumor etc.

We cant really make out some conclusive approach if they havent violated up something or what because SEC wont really be throwing up those things without having those things which they do know that it would really be increasing out their change to win up the case.This is why confidence would really be still that not that present as long this issue would continue and hasnt been closed up.

I dont really have no doubts when it comes to Binance service or its existence because i've been using up for how many years already and i dont able to experience any issues or whatsoever.
For this market on having a bloodshed then it would really be just that a normal situation because whenever there's something that it is really that connected to crypto space
which does face up some issues then it would really be giving out some significant impact into it. Sometimes not but most likely it will.

You might be right that Binance will not have the same fate as FTX and we wish it doesn't, but whatever has happened and is happening has already affected the market and it will keep happening until things settle down and Binance and Coinbase come out of the cases and allegations that they are going through which will obviously take some time and there will be a lot of changes after the cases.

SEC will obviously want them to register the tokens and products that they offer as they consider them securities, if exchanges agree and can register them, they will do, otherwise, they will obviously need to close down their services within the country which will have an impact on the market once again.

For a large exchange with a good reputation I don't think it's possible to do that, Binance has built a great reputation in many countries and using investors' funds to invest in certain projects is very unlikely. CZ is one of the richest people in the world and it is impossible for something like this to be done to make the binance exchange lose its reputation.

But in general we never know whether Binance will win lawsuits from the SEC because after all the SEC has a lot of influence in the United States and surely there will be a deal that will happen for both parties. It's safer and if one of us keeps assets on Binance, it's better to transfer the assets to another place first because if something happens to Binance Global we won't have any problems regarding the assets we store there.

It makes sense that you have doubts about FTX dependability as a business and the possible consequences of its false ideals and unsolved structural issues. Such an unpredictability can undoubtedly startle the market and affect pricing. On the other hand Binance ongoing regulatory issues have started to make headlines on a regular basis. While it is unclear whether the situation is becoming worse or nearing a crisis point it is not immediately clear whether it will have a substantial impact on market patterns. Nevertheless it is crucial to remember that public perception affects market dynamics significantly regardless of whether BTC holders properly understand the differential between FTX and other blockchains.When discussing such occurrences or rumours market prices and dynamics may be affected if there is a perceived connection. Overall the intricate interaction between public perception market trends and particular occurrences draws attention to the complexity of the bitcoin scene.

I really don't understand though why this is the cause of the recent decline. And so maybe you haven't heard about the case of SEC vs Binance. That is the main reason why the prices stumbled and decline to $25k, and then it's support price of $26k which we have been trading sideways for a long time now.

And now we have a break out run to $30k+ because of all the institutional money and the whole BTC Spot ETF application namely by Blackrock and other big institutions. It's just the question on whether we can maintain this price because this seems to be the highest price that we achieved this year. So we would like to see and break above it at least before the end of the year.

It's only temporary that Crypto is experiencing bloodshed and the impact that is really felt is Altcoin due to the Market correction a few weeks ago and today the market has woken up from its slumber. BTC has been experiencing very good price movement and I think it will continue in the future especially SEC Approved First Bitcoin Leverage Futures ETF last Friday Source: https://cryptodaily.co.uk/2023/06/sec-approves-first-leveraged-bitcoin-futures-etf-in-the-us

After almost 3 months now the price can return to the level of $ 30k, of course this is a positive indication that the market is soon rising, many investors are afraid that the market will collapse because the issue of Binance which is experiencing a crisis is not proven, all withdrawal transactions are still in the normal process, some even once withdrew around 15 btc or $450k from the Binance wallet.

Smart investors buy in the dip, so I doubt that they are afraid on what has happened to Binance. And as we can see, the price was not affected, on the contrary price has reached as high as $31k, meaning there is hype and FOMO again.

But we just have to be cautious as well, this price increased is due the Blackrock applying for a Spot Bitcoin ETF. So in any case it might not be approved by SEC, the price could go down again. So we will have to wait and see what is going to happen to that application and hopefully it can bring another set of good news to us at least at the end of the year.

I am also experience and feel this way, one of the common obstacles that most people feel is that they also have difficulty buying because they have to make adjustments for their daily needs. Those who dare to take risks by borrowing time, they are winners, for those who don't, they are just spectators. So, now we will also be spectators when prices rise at the beginning of the year. if this the same as 3 years ago.

Yes, focusing out with that fundamental is that on the time that they had been able to know that big officials of Binance did quit out or leave the company and making out some assumptions that there might be something happening behind the curtain on which the masses or the community do make out some assumptions that this is really something big or would really be that negative and this is why it did really result
into move out of funds on said platform and some do even do make out some panic sell of their BNB which it did really cause some price decrease but eventually the price now is already clinging up once again.

These kind of fundamentals arent something that could really be that ignored because we know that news or something like this could really give out some possible effect which we would really be thinking
about on having that advantage about it. Its not really that something that a shocking thing or approach because this is where usually be people on having this kind of reaction when it comes
to these things. Use it on your advantage or wont really be doing something at all or any action and just let it be.

Everyone here is a winner by simply buying in the dip. But it seems that we are on track to keep and defended $30k at least for this month. Ripple news last week was good for us as it has a trickle effect on the market on bitcoin.

But after that, it seems that we are still back from as high as $31k to the current price.

So there's no more bloodshed and I don't see it happening in the future unless there is a black swan event.

I feel like that news was overblown anyway, it wasn't all that amazing and the increase looked to be a fake one. In any case, we are at a stage where we are going to do fine, not amazing but just fine and that means we could make a profit one way or another. I know that it is going to take some time for it to happen but we could do it if we can wait for it. I know a lot of people who do not think that it is going to be an easy choice, but we are going to make it work anyway.

So, just put up with it and we could end up making some profit from it as well. Right now it's low, and that means we have a chance to get in when it's low and wait for it to go up and then sell in order to make a lot of profit as well, that's a good choice.

If we look at market conditions, especially this week Bitcoin prices are weakening plus the US Dollar Index (DXY), which continues to soar to peaks. yes. this was fueled by the prospect of US interest rates remaining higher and no respite. However, my view may be used as an accumulation stage for some investors and financial institutions, of course.

I'm sure you've been visiting the market a lot lately so you can give some insight into prices, especially for Bitcoin prices. But I think the price of Bitcoin is still not weak right now because it is still near $30K and if you look at the price of Bitcoin in the last few months nothing has gone past $32K either. This means that the current Bitcoin price can still be said to be strong and not weakened because of the US Dollar, but I don't understand why you even say that the current Bitcoin price is weakening.

Maybe, we have seen the stock market going green, but bitcoin market somewhat on the decline. But if you look at the last 24 hours, we have some small gains, the price is now above $30,000 which is a good sign that the bulls are back and defending that price again.

So maybe if we will hear another good news coming from the US, specially a positive interest rate, we might be looking at $31,000 at the end of the month. I do believed that we can still jump or at least close this month around $32,000.

Not that something new anymore on which this market has been volatile in the first place, its not really that anytime been tied up with those traditional markets that we do know and its not something that it would correlate from time to time in speaking about trend and possible movement on the same path but somewhat when it comes to economical news then it is really that having that having that significant effects which could really be giving out that kind of impression that it does really give out that same effect in between markets. Bloodshed? Its not really something new and its been always like this specially if fundamentals turns out to be very negative and there are moments on which even on the quietest days on which the price do move into a certain  way without even trying to know on whats the actual reason behind it.This is why its really hard to make out such conclusive approach when it comes to this one. The best thing to be  done on here is to make yourself that versatile on whatever market decisions you would be making into.

Being versatile in any market conditions and having the ability to make the right decisions will indeed be very useful. When there are signs that the market is starting to crash, you have to make the decision to start selling some and buying when the market actually crashes. it will be a tough decision. the ability to read the market in technical and fundamental analysis really must be mastered. When there is bloodshed in the asset market, we will remain safe and stable, and of course we will get more returns when prices begin to improve.

That's true, and annoyingly so. No matter how hard we try to reserve capital for such a time, it's never there. I think the reason is because we are always in a hurry to load up at the first sight of dump, thinking that's the bottom. It's so annoying that we don't later have an opportunity to buy in after price keeps dumping. It happened to me in 2017 and 2021 but I found a way around it after that. I now use DCA approach. No matter how tempted I am to buy in at once, I resist the urge. There are some coins I missed buying huge because price reverted from the point of my first purchase in bits. I'm not crying over that. In business, you will some; you lose some.

But you've found the experience worthwhile because of it - it's what's needed. But to be honest it's very annoying especially when the price drops lower than your first purchase price. Average for lack of experience - plus for not having a second plan or plan B.

I like the DCA approach - it's definitely much better than a lump sum. DCA is Plan B what I mean - it comes in handy around the clock on highly volatile assets like bitcoin.

Sometimes DCA is more useful than a lump sum, but sometimes not all at once. I only do DCA if bitcoin is on a downtrend, but if at the same time I truly believe that lump sum is better, then I will ignore DCA. I agree that so far DCA is more useful, but when the bullrun starts, buy the lump sum and hold.

It doesn't matter how you plan your long-term investment, as long as you are a holder, even without DCA you can still expect returns.

Yes exactly adjustment for daily needs is also very necessary as investment is not only thing which we have to think about. I don't think that those who are taking loan for investment are winners because it is not an easy task but it requires lots of learning and expertise.

Now the price is 30k$ and everyone knows that it will be more up than this next year but some will be unable to make investment because everyone cannot afford to buy it other thing is that they have to keep the expenses in mind as managing of house holding activities is also one of the most important thing.

One who have the responsibility to manage their home should not take loan for investment because its one of the most hazardous field of getting profit.

Whatever is being done in the markets, has a purpose.
Everything here is bringing an opportunity for all the traders, the difference here is that, only a few can time it nicely while most get trapped. The bloodshed has always been called as weak hands getting out, so when such a situation takes place, it's better to get in and take your positions to make money in the long run ahead.

Or let the market flows it's natural course. That's the one of the first thing I've learn in the beginning of my career in bitcoin and here in the community. As much as we want a parabolic rise, it's not that easy to accomplished as there are a lot of factors and parameters that we have to look at.

So if we experience blood shed, so be it. But then we can used it to learn how the market works and so the next time we can adjust our investment strategy or trading if we want to take advantage of the downturn.

That's absolutely true, what happens is normal and even some people want this to happen, as we already know that Crypto price movements are quite volatile and very difficult to predict with very fast movements every day so because of the movements that occur we can take lessons and experience for knowledge of trading and investing.
I've never panicked or been afraid of a downturn, on the contrary, I always think positively and even this is the right time to be able to enter and invest more.

Why can't everyone afford it when we can buy Bitcoin in any quantity that we can afford. There's no law that we must buy 1 bitcoin. Buying 1 Bitcoin is for those that have the spare money for that as for other investors we can buy the amount of Bitcoin that we can afford to hold.

Holding bitcoin is more easier when you are on a budget that won't cause you to panic if the market crashes but if you over invest, you'll have no rest when there are bloodbath in the market but bloodbath are normal as they're opportunity to buy Bitcoin instead of been afraid.

The price has fallen below $30,000 which give us an opportunity to dollar cost average for the period of Bitcoin been under $30,000. This might not be too long as the market would bounce back soon above $30,000 and continue to increase until we get to $35,000 and above.

I agree. it is like natural selection who the strong and resistant will survive these trying times. True, Crypto is experiencing a bloodbath where the decline in trading volume is also a concern for investors about the liquidity of crypto assets and one more thing if we pay attention to how the role of the media works here with a series of bad news that has emerged that has shaken new investors.

For matters of bad news that can still affect prices in the market or affect the attention of some investors, it is still quite a common thing to happen, but everyone must also see the effect of good news on both aspects because good news is not only able to push prices up, but also able to encourage interest from new investors to enter the market.

Because between the good news and bad news at this point I see that they are almost balanced and have an effect on each other for price and interest in everyone which can be the reason for prices surviving in difficult times, although I don't think that the current time is a difficult time because every investor can still invest according to their own capabilities at cryptocurrency asset prices which are still very affordable in my opinion.

I would say that it's common practice for some sector to spread negative news about crypto, we don't know what there intentions though. Maybe they are being paid by some groups to spread this, or they simply don't like crypto and wanted to destroy it at at all cost.


It is is FUD, I think crypto enthusiast knows how to weight the issues and might not be affected. The thing though is that there are newbies that are simply being affected by it. So if we could only balance it by negating those not so true news then it's going to be our responsibility. Btu as we stay longer in this market, the more we learn that it's just simply FUD and the effect is just short term. And that we shouldn't panic and wait till everything settles down.

As we get into the future, retail investors will start to become stronger individually, and then this bad news won't have as much of an effect as they do now, because we have seen in the past where bad news had extreme effects on retail investors, but nowadays, that extent has decreased significantly, we saw in the news about Binance getting sued by SEC, everyone thought the market will crash badly because of it, but traders didn't react as severely as expected.

Bloodsheds are a part of the market, there will always be bear and bull markets as we go ahead, but a strong investor would never get worried when the market gets in a bad situation, most traders who have a positive mindset will find bloodshed to be opportunities to buy more and store for the good times.