Bitcoin Forum

As we all noticed, the market is quite bullish now, we hit $40k and it's already trading above that level.

I said "bad news' because with this recent development involving CZ and Binance, this usually bring some negative sentiment but look what's happening, the market is going on the opposite side and it kees getting bullish.

So this is just my observation, like in the past, about exchange getting hacked, China FUD, etc.. it all resulted to a BULL RUN!

So is this guy? Tell me about your opinion about this....

Yes every green candle fill my heart with joy. Yesterday btc hit 44k which is quite bullish pattern. The biggest resistance was 38500 which was hit with strong buying pressure. Now btc is stable above 43k and I hope If it doesn't dump sharply then next target will be 48k.


As far as I know , CZ case doesn't affected market seriously. The reason may be the ETF rumors and other good news. Indeed this news strong btc lover more because they found that Binance shutting down or any bad news about centralized exchange will not affect btc badly. Now investors are putting money without any fear which is positive sign.

The CZ<->Binance thing isn't necessarily bad news anyway. Allegations of Binance allowing money laundering of criminals? And CZ is still a free man and is even Tweeting almost daily? And Binance is still up and running? That's one of the best-case scenarios if you ask me.

CZ's case was more like a FUD and as we can see the market isn't affected. I think people get used to it already, besides, if Binance will fall, other exchange will certainly benefit, so overall there's not much effect to the market.

It's just time for a bullish market, we have waited for years before it happen, so what's due is due.

Just enjoy the bullish mode!

In my personal view, the news circulating recently regarding CZ does not seem to have a big impact on bitcoin investors. Because it seems that today's bitcoin investors are smarter in making choices and stronger mentally. That's why big news doesn't have a big impact on bitcoin investors. On the contrary, the market price of bitcoin actually increased.

So it can be concluded that currently the news about bitcoin does not really affect the price of Bitcoin, let alone cause the price of bitcoin to fall. However, bitcoin investors are currently more focused on the upcoming halving cycle and also on the bull market.

For this reason, whatever negative news comes to the bitcoin realm, bitcoin investors will definitely be increasingly confident that the halving cycle and bull market will not be disturbed by any news.

There was a question raised recently as to what happens to the Bitcoin market if Binance crumbles. The billions in fine imposed on the exchange, CZ's admission of guilt, his resignation as a CEO, his temporary freedom thanks to millions in bail bond, the sudden withdrawal, and so on are probably the closest to Binance's collapse. Contrary to common view, however, it didn't cause a serious dip in the price of Bitcoin. As a matter of fact, shortly thereafter Bitcoin even reached an annual ATH. This is telling. Binance collapsing might not actually send shock waves to the market. It's not as influential as it may seem.

It's like we're new to something new; this kind of thing always happens; don't say that you don't notice it, because the market is unpredictable. That's why Bitcoin is called a volatile asset, right?

It's just simple logic: a light can't have light without electricity, right? Now the question is: how does electricity work? Shouldn't it, of course, have positives and negatives? It's the same in our lives; obviously, if there is bad news, there is really good news.

The main highlight is the news of the approval of the Bitcoin ETF filings by Blackrock et al instead of the case involving CZ which did not even affect the performance of its platform. Bitcoin ETFs have created market optimism since the last quarter of the year which marked the start of a new bull run session.

Here's the latest news: https://cointelegraph.com/news/blackrock-100-k-seed-fund-for-bitcoin-etf-sec-filing

It's all just FUD, and as time goes by, Bitcoin continues to grow and develop, and more and more savvy investors are not easily swayed by any news because everyone learns from experience and believes in Bitcoin.
And these things will continue to happen which will not affect investors and will continue to shift their money to Bitcoin, so that they realize that Bitcoin is the best investment especially for the long term whatever the news, unlike before. And the proof is that the CZ and Binance cases do not affect the price of Bitcoin which is currently bullish.

Similar to some opinions, I agree that CZ's admission of error is a new beginning for the crypto market, if some parties cannot control the market, they (larger scale ones) will not be able to control the market. Really ready for a new start with the market. And after the recent FUD, we are having an atmosphere of excitement and joy from many people when we see Bitcoin increasingly achieving its goals in 2023, a period of no more than 30 days will end 2023. I'm still expecting a higher price. Regardless of the news surrounding this market, I still remember to be patient with Bitcoin because I understand one thing and we will talk about big targets (new ATH) soon.

Sometimes bad news bring good news like what is happening in the crypto market today, because many investors has been waiting for this particular amount of Bitcoin to come before they can sell to make profits from their investment and the price of Bitcoin hit $43,832 few minutes ago. I don't think CZ of binance is the reason the price of Bitcoin moved to this stage it is right now, because the formal CEO of binance was found guilty on some money laundering that made him to resigned from the job so that it will not affect their investors negatively.  The good news is that many bitcoiners has started selling their Bitcoin to get some money to celebrate the new year that is coming in few weeks time, and to do other things that will make them not to experience shortage of finances in their family.

It is too simplistic to take an isolated event like CZ and Binance and think that alone should have had a negative effect on the price. That bad news is counterbalanced by the approaching halving, the loosening of rate policies or the ever closer approval of a spot ETF in the USA, as rat03gopoh has commented. So that causal relationship that the OP makes of saying bad news (CZ and Binance) bring good news (the price rise) does not hold.

Yes, I agree that news about Blackrock is more trusted by the market than bad news from CZ, so market sentiment remains good. Apart from that, soon there will be a halving phase which historically always makes Bitcoin touch a new ATH. In my opinion, blackrock and halving news is stronger in the market so the price of bitcoin continues to rise consistently

However, I suspect that there will be a price correction soon, hopefully the current correction will not cause the price of bitcoin to fall below 40k, if so then the price of 50k or 60k will be reached soon. Maybe  :D

In my point of view this not a big bad news that CZ resigns from his post or he fined by SEC etc.
The big bad news was that if Binance fill bankruptcy. And close the exchange.
But the thing is that the Bitcoin investors have two visions now. First vision is the Bitcoin spot ETF and the second vision is Bitcoin halving. So they are waiting for that and therefore I think the bad news are not doing their jobs.
And the holders never think about these news. They just hold hold and hold. Because they believe in Bitcoin and who believe in Bitcoin so Bitcoin gives more than their expectations.

They include mainstream experts. Well, bad news is usually always present like now and if there is action, there will always be a reaction that comes in the market and it is true that all the negative news surrounding the digital currency market will empower world coin enthusiasts and demand and prices will arise. I think that's the easiest thing if we want to pay attention to it and it also confirms that there is a real increase in interest.

The price of Bitcoin is rising and there are a lot of Bitcoins being traded now. And once a coin starts to rise at a higher rate, investors panic and start investing in it, causing it to rise even faster. And that's what's happening with Bitcoin right now

Changing the CEO of Binance is nothing bad news. it can be a bad news for BNB Because BNB is a part of Binance but Bitcoin is not any part of Binance Exchange. And this was just news of a CEO change, not news of Binance being scammed.  So this news cannot have a negative effect on Bitcoin. However, BNB has been somewhat stable

We kinda knew CZ stepping down would be bullish. The market reacted in a positive way when it was announced and deep down we all knew this had to happen to pave way for the spot etf approval.

Binance being so big was never a good thing and most likely would make it difficult to get it approved but now the CME actually has the most open interest and it’s becoming less centralized as to just one exchange.

Similar to what happened when Arthur Haynes stepped down.

I understand the point you’re trying to make but your title is not entirely true. Bad news doesn’t always bring about Good news, sometimes it ruins everything. But yes, with the Bitcoin market, it is a normal thing with volatility that after going down is going up. It may not be immediately but the likelihood is very high. It doesn’t matter if CZ and Binance issue happened or not, it was only a matter of time of time before Bitcoin rose back up. Some news can also make things bad by unnecessarily slowing down the bull run, but obviously, that of CZ and Binance isn’t one of such.

The current increase in price of Bitcoin has nothing to do with CZ and Binance. It is just an exchange got into a legal battle for allowing criminals to do money laundering. It really isn't that bad. I mean as a bitcoin supporter we always want bad people to stay out of the network.

I believe the current price increase of Bitcoin is happening due to the positivity around approval of ETFs. Blackrock is somewhat close to get the approval, they have got the seed funding. So it has created a FOMO in the market. Every such FOMO is enough to increase the buying volume in the market.

The spread of negative news against something positive is tantamount to scaring people away along the lines. So it CZ'd story was the outcome of the Bitcoin price impressively hitted to date then do we have to clamour for a more huger bad news all to push the bullish runs to fasten the Bitcoin price? Of course not instead of the negative news brining in good outcomes it brings about bad outcomes because faiths would be lost and doubts would be upon users and the digital currency. I just have to say CZ has nothing t do with this

Well that is bad news but for altcoin market not for bitcoin or even bitcoin market because at the end of the day Binance is still a major altcoin trading platform and is mainly used for that. So if anything the news should affect the altcoin market, which it probably won't because altcoins are only pump and dumping and not really reacting to news like this.

On top of that, the community has gotten more ignorant of issues that centralized exchanges face. It may not be a 100% ignoring their shenanigans but for the biggest part it just goes ignored...

People did not feel worried about the Binance issue but instead, they remained calm and trusted the new CEO to run the exchanges with full confidence.
Besides, it was not a big issue for us to think that it would have a huge impact on the market and with the recent pump that we experienced, probably for other reasons and continued accumulation. In fact, after the news about CZ and Binance, the price of Bitcoin never shows corrections but instead, pumps.

I believe that people have already learned how to control their emotions when dealing with bad news, FUDs, etc...they are still positive and keep rolling. 

The Binance situation did not produce much fuss in the Markets because the Exchange is still running, CZ has admitted to the allegations et cetera.  Had Binance been hacked for billions, the Market would of been in a pit of fire for a while again.

It is true that Bull Season typically brings more bad news.  That is mostly because hackers will obviously start targeting Bitcoin more when its value increases.  Why would a hacker not want to target a Currency that is likely going to be worth triple what it is now in a matter of months?

You are making mistakes with what you link together here, they don't just relate. Hacking, stealing, China FUD and other bad news including the FTX case are nothing compared with that of Binance. What happened to Binance is happening to many other businesses and nothing bad often happens to the sector they operate. The case of Binance is not the case that the company is being affected badly financially, nothing was stolen, it was a lawful regulator that slapped them with a fine of $4.3B even as the company cooperated with the government entirely. This can't ever cause a commotion with Bitcoin or in the crypto market because Binance is not the owner of Bitcoin and the rest, but BNB which was worse affected by the event, but the effect was still minimal on the token judging by its current price if I must say.

I knew the effect of the fine would be very minimal on the crypto market because aside from the fact that Binance is rich and so capable without affecting the company, the SEC as a responsible regulator will never force Binance to cough out the whole $4.3B fine at once in such a way that will affect the company and its customers' deposit. It might take time as they pay personally and(or) with insurance as the case may be.

I wonder if their SAFU funds would still be able to save the company and would continue its operation.


Looks like people are getting more matured now, while we may have been seeing the same market cycle ( bear- bull vise versa) it's the minds of the investors are already maturing and they won't easily panic when there's some bad news. Binance may have paid Billions for their violations but there's no indication that they are going down since they are still operating. Just imagine how much they are making on a daily basis, I think they'll be able to recover their losses in no time, and will not make the same mistakes.

I thought the context of the topic would be different after reading the title. I was thinking more about a piece of bad news like the market going down being good news for people who wish to buy more but it's not what OP said. To be honest, I don't think that the recent pumps and the bullish movements are caused by bad news circulating in the market now and then, and the market barely goes positive if there is real FUD in the market or among the investors and traders.

However, I do believe that the cryptocurrency market is becoming more mature with time, and by that, I mean that we don't see extreme reactions to the news, especially the bad ones, like if an influential person says something negative about Bitcoin, it doesn't leave a negative impact on the market anymore, even if it does, it stays moderate, unlike old times when if a celebrity would say Bitcoin is bad, the whole market would start collapsing all of a sudden.

In general, there are positive sides to negative events, and often negative events are in a mix with positive ones because reality is complex. But as for this situation, I agree with those saying that the Binance lawsuit thing just didn't affect the market much, and it's the positive sentiment regarding bitcoin ETFs that's driving the prices up. It seems that most industry experts believe that the approval is just around the corner. Of course, they know the SEC and the US decision-making climate more than I do, so perhaps they are correct. I'm still not sure about it, but maybe I'm just too pessimistic.

What is happening now is the opposite because the price of Bitcoin is getting stronger. After all, it increases to $44k, although it is down and up again more and more. If these conditions persist, we may see higher prices this month. But we should be patient first because Bitcoin's movement is still unpredictable, whether it wants to go up or even experience a correction.

Hopefully, the bad news about CZ will not be accompanied by other bad news because market conditions are still good. Hopefully, this December will be a moment for Bitcoin prices to strengthen. And we can see that Bitcoin prices can increase to even higher prices.

In the long term, the Bull Run will come sooner or later. We have to wait and if there are still people who want to accumulate, they can continue. But we still advise people not to panic if there is a correction. Stay calm and think about what you have to do.

The way the market works is very strange and contradictory. Usually, events related to Binance make people feel down, but here we are, above $40k! Its clear that Bitcoin is strong and that investors' views are changing. People in the market are picking and choosing what to buy, putting long-term value ahead of short-term news. Bitcoin's trend to go up isnt a fluke; it shows that people believe in its fundamentals. Right now, we have more faith than ever in Bitcoin's promise. People who use Bitcoin are learning to see past the noise and find its worth. Bitcoin is becoming more and more known as a disruptive tool, not just because of its price. Its clear that Bitcoin is here to stay and will only get stronger from now on. Trust this wave and look out to the distance!

The controversies surrounding CZ didn't had much impact on crypto market and had very little impact on BNB due to their timely decision of disassociating themselves from CZ and it saved them, yes in the pas as well we have seen market going green post negative news but these two cannot be related as we narrow our vision to just these things without looking at the broader picture of all the other developments which is impacting crypto in a positive way like spot ETF and some big names endorsing Bitcoin etc.

Sometimes, its also bad news with bad results, and good news that also end with positive results. But in this case about Binance and CZ, I don't see it more of a bad news because even if Binance will shut down and CZ will step down from his position, the market will still be in profits. Most probably, the market is filled with more positive news and exciting events that makes the market becomes more bullish.

CZ does not control or manipulate the market, so even if Binance and his position will be gone, the market seems not affected at all. Now, let's see who will be the next Binance and steal its market position.

AFAIK, binance exchange is one big exchange that many altcoin are trading, the exchange have not been ceased by the government, it have not announced that it will shutdown and it has not also announce the case of hacked. That means the exchange will still continue to exist and it's not a bad news in away for Bitcoin. That first day that it was announced that CZ will step down as the CEO of binance, the price of cryptocurrency dropped but it have all corrected. This is not a bad news for Bitcoin, CZ will only pay for what ever crime he committed and nothing more.

Bitcoin is going with great success and has achieved the highest value of this year therefore it is estimated that the coming Bull run will be full of victories for all bitcoin holders as well as for those who have hold another beneficial coins because the upward movement of bitcoin must have potential effects on other coins. In few days bitcoin proves to be faster growing coin among all other assets therefore all those who have not yet buy bitcoin will regret for lacking of bitcoin in their wallet.



The news about ETF has pushed the bitcoin upward so people have positive thoughts as they know that negative news cannot effect bitcoin at all and if price goes down due to rumors then after a week or month it normalize to give benefit to its costumers. Halving is also a news yet as it is no happen now but as people get familiar with upcoming halving so they are trying to accumulate more bitcoin for taking benefit in future.

CZ news didn't impact the market though. but I get you. Institutions playing on the minds of retailers ahah. Happy to see btc above 40k though.

We have already gone through the biggest crisis of this last cycle, which was the collapse of LUNA and FTX. The problem with CZ has been going on for some time, so an outcome was expected at any moment. What I see now is market pricing based on the ETF, the United States economy and the natural market cycle.

Many people have predicted that Bitcoin will nosedive if anything negative happens to Binance. But the recent attacks on Binance don't affect the market and it might have given investors more confidence that Bitcoin is a viable investment. This might have been the reason why many investors are buying more bitcoins because they perceive that the sector is gradually becoming immune to FUD. So in this case we can assume that a piece of negative news brought a positive impact on the Bitcoin sector.

The general expectation that the SEC will approve the spot ETF is the major driver of this price growth. From all indications, the SEC might approve it because they have failed to appeal an unfavourable court judgement and have been having a series of meetings with the spot ETF applicants. If the SEC approves those applications, the price of Bitcoin might keep increasing until the price gets to an All-Time High.

The price of Bitcoin took a surge following the victory of Milei in Argentina presidential election and two days after, Binance was sanctioned and CZ resigned. I do understand that the market tends to react whenever there's a negative news such as the hacking of exchange, bankruptcy or shutdown. But in this case it's different, and I didn't expect the market to take much hit following the bad news, and I happy it's bullish again, which could be attributed to spot Bitcoin ETF application that's in the offing.

It's something like this that has to happen for the market to thrive. Maybe the conspiracy theorists are right about that these whales have got insiders.
That whenever there are bad news that comes, they're actually buying and it is no longer a secret that they do it for their own and that makes sense.
Instead of we're seeing a bad market, it seems pretty doing good instead.

I guess bad news has to come before good news comes. We all want Bitcoin to rise and we are happy. We can see a lot of negative news in the crypto market, but the market is not affected by it as much as before. Bitcoin continues on its way and always lives up to expectations.

It is impossible for there to be no bad news in a market. So there will always be bad news and then we will watch the good news come. Bitcoin has always managed to survive negative situations. We should be comfortable about this.

CZ and Binance had some bad press lately, but it seems like the market isn't too bothered by it.  Folks are kinda used to crypto drama at this point.  One guy and one exchange don't make that big of waves, you know? If Binance went under, I mean yeah it would suck but other exchanges would pick up the slack and  maybe even come out ahead.  So I don't think it shakes things up too much across crypto as a whole.

Op I have not really getting your point in the thread, yes we all know that Bitcoin is on the rising side. Or are you saying that is it because of the Cz case? At the beginning of this year, there were different prediction on the market so it should not be a surprise for us to see this. And the Cz case was his fault because he was found guilty of the crime and to make the company still or keep running he has to step aside for a new CEO and what he did was good. And now the company is like nothing happened to it. Everything is moving very smoothly.

The hacked of one exchange can not affect the whole market though it will shake the market small but it would not affect it.

In my opinion, the resigning of CZ and paying the fine of more than 4 billion dollars to DOJ is not bad news, at least not for us, because we are not paying that money. But if they, by they I mean CZ or Binance, failed to comply with DOJ or failed to comply with the fine imposed then Binance might have to face total seizure which would lead to a big disaster.
I would say, we are saved from big bad news, and they handled a big case greatly even if the market faces a small downtrend but sacrificing less is better than losing more. Even many people made a lot of money by shorting BNB when this news came out. I saw the downtrend of BNB with my own eye when this news came but I did not make any short trade.

But there is no doubt that bad things bring good things also, like after every China ban or opposition of BTC, it emerges better than before. I think BTC likes challenges and wants to test its limits with bad news. Just kidding, it is not BTC that likes to test instead it's the people behind it who are using it and supporting it, adding to the BTC network and market cap, they are the ones facing challenges.

well, the good thing about binance issue is that they are willing to pay for the damages and their leader is not running away from his responsibilities but just running the background scenario. and one more thing, he is not running away because he stole their funds or of that sort. it is just because authorities are finding some loopholes in their business and trying to get a huge amount of money. for sure, if the platform is small, they will just resort to bankruptcy and not pay for the fines. but this is binance and they can afford such amount and move on. showing their seriousness in this business.

One thing that I have come to know in this life is that there is always a balance between good and bad. Hence, why it is said to alwayydo good. When I have come to encounter troubles, it mostly lats for a day even with gambling losses and trading losses for the little I have indulged in, still, the next day always looks brighter and better than the previous.

The main thing to bear in mind is that bad times never last and even if the night comes, the day must break.

It cannot be denied that after bad news and big FUD, prices will definitely fall first. And after that the price will be pumped back quite significantly. It's like there's a game in it, in this case the whales deliberately used this moment to drop prices. And then after they get enough BTC at a low price, then they try to create good news and then the market will easily pump. And of course the resulting take profits will really have a big influence. This is either just my opinion or it is true that market speculation and market manipulation may indeed sometimes be true. exists.

BAD news always brings good news.
From the title you choose is clearly wrong, bad news does not ALWAYS bring good news.
In the case of CZ, this is a different case. CZ was only accused by the SEC, and CZ resigned because there was indeed some wrongdoing.

We all know how CZ has been track record so far, so people believe in CZ even though he resigned,
I consider him a real man, so he is willing to give up Binance because of the case.

In contrast to the FTX case and the SBF fraudster, it was really the worst news in the history of the crypto world, and even SBF became a fugitive.

Not all bad news produces BULLRUN, but most good news does produce BULLRUN.

I can say that CZ leaving that position is a very bad news for me because I am so much of a fan, but honestly it doesn't shake anything at all, Bitcoin was right where it was when the new broke out, we all thought things will go bad for a while but it doesn't, so I can say with confidence that this whole Binance news isn't a bad one.

But yes it's true that Bad news in crypto space always get followed by good one and I am used to using every bad news to my own advantage, it's a shame that the Binance supposed bad news never affected the market, I was down with some USDT at the time to buy some more Bitcoin.

If you are smart in this space, you should always know that bad news is your entering point to buy more Bitcoin, unless it has no impact on the value of Bitcoin just like how the Binance own played out.

As always, the market is unpredictable for the most part, but I think the market has also noticed that huge crashes of exchanges that are a major part of the global infrastructure, don't cause BTC suffering from lasting damages. It is all very temporary and the more often these crashes happened, the less the market reacted to them.

Now the story with Binance is different because that exchange is not any exchange, but the biggest there is in the world. And additionally, it is not only the biggest, but the biggest by far. This could have an impact on the overall sentiment in any industry when the big players faces a potential meltdown. But I think the allegations and settlements were more or less clear in the direction that Binance was not supposed to cease operations. The question is whether they have the liquidity and reserves to pay the penalties.

But assuming that Binance would crash, I doubt that this would have an impact on BTC's price, or put differently, a significant impact. Because it is more like a bank run then. People would not sell their BTC, but try to withdraw it. It would need some time for consolidation in the market until people found a place they think is safe for trading or they take it off market and keep it in their own wallets. But I don't think it would initiate a sell-off. I can't see why that would make sense.

Anyone a different opinion on this in the hypothetical scenario of a Binance meltdown?

I don't believe much in that title, the truth is that in itself, this moment we have is an early launch and with a good green carpet, for what is coming that simple, you always have to justify that sudden "good news of price" with something, and we forget that the organic volatile effect exists,yeah, the same one that in the past led to millionaire percentages of market volume.

So!. Put on your best OP suit, and without fear of walking along this green carpet of Halving prices, perhaps some leading prices will slip on that pre-halving green carpet, but stop and continue. (read the gist of the red carpet metaphor)

Thats because the sad or bad news stirrs up a motivation towards overdrive on the bad news delivered. It is said that the human brain was not designed to accept negativity, so, positivity always dominates and in the affairs of human existence, the mind is to be prioritised over other stuff if one must make progress.

CZ may have been indicted but the blockchain space will and must thrive hence, things are working in conformity.