HasHe (OP)
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March 22, 2018, 02:35:37 PM |
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Just now for the past five days,we all were enjoying a price rise in bitcoin reaching price of almost $9,000 if i'm not wrong.Now suddenly,bitcoin's price has fell down almost $400 dollars since a news spread that Japan's financial watchdog FSA has ordered the exchange Binance to freeze its operations since its license is still pending for official approval.
Zhao Changpeng, Binance founder has expressed disappointment with Nikkei's report as irresponsible journalism.He added that they are having constructive dialogues with FSA and no such order has been issued.
Whether it is a FUD or not,but it has created a negative effect over the whole crypto currencies.Most of other major crypto currencies have also faced a downfall due to this news.
Wishing bitcoin a speedy recovery.
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BrewMaster
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There is trouble abrewing
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March 22, 2018, 02:38:19 PM |
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bitcoin has been moving sideways for a long time now. these $400 rises and falls that you are talking about are just small percentages (~4% in this case) which aren't really anything worth talking about. and i don't think this small drop had anything to do with Japan or anything else, it is just because the rise was not strong enough to break some resistances and head to $10k so price dropped down.
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There is a FOMO brewing...
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cryptojohnstone
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March 22, 2018, 02:39:46 PM |
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I'd be worried if this was any other exchange other than binance. I've watched many interviews with the CEO and he always stresses the importance of cooperation with authority so I don't anticipate this one getting out of hand
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enjotan
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March 22, 2018, 02:44:02 PM |
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I think there are many effects that can affect the development of crypto and bitcoin. Of course, Japan is one of the strong and friendly countries with bitcoin. with such rumors. would be fatal. panic makes a lot of beginners run away with their losses. in fact, not necessarily every rumor will be bad.
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stompix
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Blackjack.fun
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March 22, 2018, 03:02:39 PM Last edit: March 22, 2018, 03:34:06 PM by stompix |
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Zhao Changpeng, Binance founder has expressed disappointment with Nikkei's report as irresponsible journalism.He added that they are having constructive dialogues with FSA and no such order has been issued.
Rather than accusing them of irresponsible journalism he should have addressed the issues presented in the article sand come up with proofs that they are wrong. And the second line in the Nikkei article is : The company was operating in Japan with no registration and judged that investors could suffer damage This is the quote he should have explained, do they operate legally or not? Not the thing he said, that "We are in constructive dialogs with Japan FSA". This means nothing.
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. .BLACKJACK ♠ FUN. | | | ███▄██████ ██████████████▀ ████████████ █████████████████ ████████████████▄▄ ░█████████████▀░▀▀ ██████████████████ ░██████████████ █████████████████▄ ░██████████████▀ ████████████ ███████████████░██ ██████████ | | CRYPTO CASINO & SPORTS BETTING | | │ | | │ | ▄▄███████▄▄ ▄███████████████▄ ███████████████████ █████████████████████ ███████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ ███████████████████████ █████████████████████ ███████████████████ ▀███████████████▀ ███████████████████ | | .
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anobtc
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March 22, 2018, 03:19:58 PM |
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This method "they" used again and again. They announcement about a ban from the government and market go down, and several days after, they corrected the information that no ban, and market go up again. In that time, they increase amount of coin by selling and buying again at dip price
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Finding a local Moderator and Translator? View My Portfolio and feel free to contact me if you need! 😉
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hodlftw
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Santa Coin
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March 22, 2018, 03:28:26 PM |
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Zhao Changpeng, Binance founder has expressed disappointment with Nikkei's report as irresponsible journalism.He added that they are having constructive dialogues with FSA and no such order has been issued.
Rather than accusing them of irresponsible journalism he should have addresses the issues presented in the article sand come up with proofs that they are wrong. And the second line in the Nikkei article is : The company was operating in Japan with no registration and judged that investors could suffer damage This is the quote he should have explained, do they operate legally or not? Not the thing he said, that "We are in constructive dialogs with Japan FSA". This means nothing. I don't know why you say that means nothing, to me that says we are working alongside the proper authority and trying to figure it out. What more could you want from an exchange that is in a position like this? They could have said we are resolving the issue, but if it doesn't get resolved in a certain timeline then they look bad. To me it was a PR way to say hold on we are getting things correct. They could have said it in a better way, but that was better than not addressing the issue.
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EugeneJanet
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March 22, 2018, 03:30:14 PM |
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Just now for the past five days,we all were enjoying a price rise in bitcoin reaching price of almost $9,000 if i'm not wrong.Now suddenly,bitcoin's price has fell down almost $400 dollars since a news spread that Japan's financial watchdog FSA has ordered the exchange Binance to freeze its operations since its license is still pending for official approval.
Zhao Changpeng, Binance founder has expressed disappointment with Nikkei's report as irresponsible journalism.He added that they are having constructive dialogues with FSA and no such order has been issued.
Whether it is a FUD or not,but it has created a negative effect over the whole crypto currencies.Most of other major crypto currencies have also faced a downfall due to this news.
Wishing bitcoin a speedy recovery.
I went to binance's official telegraph group to ask the administrator. They told me that the Japanese government had not blocked the binance exchange, and now they are discussing a solution with the Japanese government. The bad news is not accurate.
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cellard
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March 22, 2018, 03:33:26 PM |
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It's ok, just consider this: Do people that sell their bitcoins depending on what some government has to say about whatever exchange really deserve to hold bitcoin? exactly.
Let all the weak hands be scared off the market with each of these FUD signals, the more we lose these them and the faster we lose these people the better. They are just unnecessary weights on this rocket.
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stompix
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Blackjack.fun
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March 22, 2018, 03:40:27 PM |
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Zhao Changpeng, Binance founder has expressed disappointment with Nikkei's report as irresponsible journalism.He added that they are having constructive dialogues with FSA and no such order has been issued.
Rather than accusing them of irresponsible journalism he should have addresses the issues presented in the article sand come up with proofs that they are wrong. And the second line in the Nikkei article is : The company was operating in Japan with no registration and judged that investors could suffer damage This is the quote he should have explained, do they operate legally or not? Not the thing he said, that "We are in constructive dialogs with Japan FSA". This means nothing. I don't know why you say that means nothing, to me that says we are working alongside the proper authority and trying to figure it out. What more could you want from an exchange that is in a position like this? They could have said we are resolving the issue, but if it doesn't get resolved in a certain timeline then they look bad. To me it was a PR way to say hold on we are getting things correct. They could have said it in a better way, but that was better than not addressing the issue. Well, to me this would mean something like: Right now we are not operating legally, but we're going to solve it....maybe!!!! What is the point of being in discussions with the FSA unless you have unsolved issues? There is clearly a problem there and if he really wanted to come clean and be sincere he would have said what the problems are and what he has to discuss with the FSA. Because it might be anything from putting out old newspapers on "combustible trash day" to serious breaches of the law that might get them shut down for real. Evasive statements like this are really not helping anyone...
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. .BLACKJACK ♠ FUN. | | | ███▄██████ ██████████████▀ ████████████ █████████████████ ████████████████▄▄ ░█████████████▀░▀▀ ██████████████████ ░██████████████ █████████████████▄ ░██████████████▀ ████████████ ███████████████░██ ██████████ | | CRYPTO CASINO & SPORTS BETTING | | │ | | │ | ▄▄███████▄▄ ▄███████████████▄ ███████████████████ █████████████████████ ███████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ ███████████████████████ █████████████████████ ███████████████████ ▀███████████████▀ ███████████████████ | | .
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jtipt
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March 22, 2018, 03:44:11 PM |
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I'd be worried if this was any other exchange other than binance. I've watched many interviews with the CEO and he always stresses the importance of cooperation with authority so I don't anticipate this one getting out of hand
Yeah so far binance is going in the right direction with everything. The team behind binance is also actually good, they handled the recent api hacks very swiftly. Anyways pointing few hundred dollar price change to anything is just pointless right now, since past few weeks bitcoin market is quite unstable.
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CaptainKid
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March 22, 2018, 03:48:29 PM |
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Just now for the past five days,we all were enjoying a price rise in bitcoin reaching price of almost $9,000 if i'm not wrong.Now suddenly,bitcoin's price has fell down almost $400 dollars since a news spread that Japan's financial watchdog FSA has ordered the exchange Binance to freeze its operations since its license is still pending for official approval.
Zhao Changpeng, Binance founder has expressed disappointment with Nikkei's report as irresponsible journalism.He added that they are having constructive dialogues with FSA and no such order has been issued.
Whether it is a FUD or not,but it has created a negative effect over the whole crypto currencies.Most of other major crypto currencies have also faced a downfall due to this news.
Wishing bitcoin a speedy recovery.
Why are you so sure that this news (maybe even not true), so it influenced the entire market of crypto currency We ourselves create panic when we try to find some negative news and focus on this.
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Viking81
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March 22, 2018, 04:03:29 PM |
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One more example of FUD that plays on weak confidence and sentiments of market participants who still easily react on any deliberate provocation without proving the news are false or true . But if Binance will not be able to manage its problems with Japan authorities (as I understand they both are now in negotiation phase and FSA discontent is quite real) it will be a strong blow for the cryptomarket. Leading centralized exchanges are weak spots of the cryptomarket, any large problems with them (hacking, sanctions of regulators etc) are able to easily crash price of BTC and other cryptoassets.
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Fusion $FSN
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ubaid
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March 22, 2018, 04:08:14 PM |
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if fixed on one of these things, maybe until now bitcoin has no value. which obviously they have not understood in detail about bitcoin. And actually there are still many positive things that can be done to develop bitcoin world.
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AlphaWolf
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Presale is live!
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March 22, 2018, 04:11:31 PM |
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I don't think that the news has affected the price of Bitcoin. The market is just too volatile right now with the price jumping between $6k and $11k. At most it could have caused a down ward pressure on alts but I don't think it could cause a drop in price for Bitcoin.
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novaprime
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UniDApp - it's DeFi time!
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March 22, 2018, 04:19:13 PM |
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Just now for the past five days,we all were enjoying a price rise in bitcoin reaching price of almost $9,000 if i'm not wrong.Now suddenly,bitcoin's price has fell down almost $400 dollars since a news spread that Japan's financial watchdog FSA has ordered the exchange Binance to freeze its operations since its license is still pending for official approval.
Zhao Changpeng, Binance founder has expressed disappointment with Nikkei's report as irresponsible journalism.He added that they are having constructive dialogues with FSA and no such order has been issued.
Whether it is a FUD or not,but it has created a negative effect over the whole crypto currencies.Most of other major crypto currencies have also faced a downfall due to this news.
Wishing bitcoin a speedy recovery.
I went to binance's official telegraph group to ask the administrator. They told me that the Japanese government had not blocked the binance exchange, and now they are discussing a solution with the Japanese government. The bad news is not accurate. I also read this news and I think this is not bad news. If Japan wants to ban Binance, this seems to be the worst at this point because Japan is the most influential country in the Cryptocurrency market. I hope this is not true and will have more accurate information in the future
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Viscera
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March 22, 2018, 04:30:28 PM |
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We don't have any idea what's going around. Something's good and bad in the market circulation. What i know is i'm holding bitcoin in my hardware wallet. I have no faith on holding alts in my binance account coz there's alot of issue going around. Though The team are responsible on how they handle that pressure.
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QueenOf
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March 22, 2018, 05:45:30 PM |
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We don't have any idea what's going around. Something's good and bad in the market circulation. What i know is i'm holding bitcoin in my hardware wallet. I have no faith on holding alts in my binance account coz there's alot of issue going around. Though The team are responsible on how they handle that pressure.
I don't know is that true or just FUD, but it news make the Bitcoin price is down. if this problem keeps going I think the Bitcoin began to threaten. however, I hope Bitcoin will recover soon. because I put my money in Bitcoin.
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pawanjain
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March 22, 2018, 05:53:45 PM |
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Bitcoin has been going up and down for many days now. The 24 hr price has a difference of almost $1000. So the volatility of $400 you are talking about is nothing compared to the daily volatility. I don't think that the Binance news has anything tondo with it and I personally have not heard much about it. So it is most probably just a FUD anayway. We should probably wait for some more time until the price gets stabled.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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Olalomi
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March 22, 2018, 06:06:44 PM |
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I don't think that the news has affected the price of Bitcoin. The market is just too volatile right now with the price jumping between $6k and $11k. At most it could have caused a down ward pressure on alts but I don't think it could cause a drop in price for Bitcoin.
I absolutely agreed with you the market is just behaving because of market forces not as result of disagreement between FSA and binance the price might bounce upward any moment from now my belief is that the price is experiencing a temporary pullback.
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dothebeats
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Cashback 15%
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March 22, 2018, 07:17:30 PM |
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I don't think that the news has affected the price of Bitcoin. The market is just too volatile right now with the price jumping between $6k and $11k. At most it could have caused a down ward pressure on alts but I don't think it could cause a drop in price for Bitcoin.
Any news could affect bitcoin's price and the alts. Even the slightest of the negative news would produce an impact that is not proportionate with its significance in the flow of crypto markets. Most of the time, traders capitalize with what news are circulating currently and they'd create some form of signal in hopes to move the market. Most of the time, this is how push and pull actions between the bears and the bulls were made, and this is the wild fluctuations we see every single day which, most of the time originates with even the stupidest, unrealistic news.
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daarul50
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March 22, 2018, 07:56:21 PM |
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It seems that negative news was deliberately raised by governments in various countries let alone countries whose society is full of pros and cons against the existence of bitcoin. I feel this Fud lie at least does affect price movements in the crypto market but I'm sure the price movement will turn back bullish because Binance has made a statement and clarified that the news that appears is not true.
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Viking81
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March 22, 2018, 08:38:02 PM |
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One thing I can't understand in that news: Binance is registered in Hong Kong and, of course, it is not a jurisdiction of Japan's FSA. What kind of operations Binance fulfils in Japan that reqest FSA permission? Is there a subsidiary of Binance there or does Binance have deals with Japan banks?
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Fusion $FSN
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Altcoina
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March 22, 2018, 08:40:19 PM |
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Lucky me, pulled funds out the other day
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darkangel11
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Defend Bitcoin and its PoW: bitcoincleanup.com
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March 22, 2018, 09:00:36 PM |
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Zhao Changpeng, Binance founder has expressed disappointment with Nikkei's report as irresponsible journalism.He added that they are having constructive dialogues with FSA and no such order has been issued.
Rather than accusing them of irresponsible journalism he should have addressed the issues presented in the article sand come up with proofs that they are wrong. And the second line in the Nikkei article is : The company was operating in Japan with no registration and judged that investors could suffer damage This is the quote he should have explained, do they operate legally or not? Not the thing he said, that "We are in constructive dialogs with Japan FSA". This means nothing. It means that they had issues. There would be no "constructive dialogue" if they had a license. There would be no need for a dialogue. Just like the police don't show at your door to have a dialogue with you. If it happens there had to be some issues. So I'd blame both sides. The article for fudding that binance was ordered to cease activity and binance for not clearing out why they had problems with the FSA. I'd say they had no valid license and went under investigation, which doesn't mean they'll be closed. The Chinese exchanges remained in operation despite multiple raids and investigations in the years 2014-17.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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eaLiTy
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March 22, 2018, 10:16:09 PM |
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With the regulation talks going on , expect these sort of news coming out every now and then that would affect the price of bitcoin, the market moves according to the news around the world and i do not see any change in it anytime soon, as i have said in the past, expect unexpected news that controls the market and trade smart rather than panicking and selling at a loss. If you are good at trading you could make a good profit in this uncertain market, if not go for the long hold.
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Lorna t
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March 23, 2018, 02:20:53 AM |
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I have no idea what's happening good and bad for market circulation that knowing I will hold my bitcoin now for so long because of the very low volume rates and about bitcoin in our hardware wallet .way I have no faith to issue just around the corner thinking that a team is all responsible on how everyone is handling a pressure .we should probably be waiting for so many hours until prices get stabled.
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jademacoy
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March 23, 2018, 02:29:01 AM |
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Just now for the past five days,we all were enjoying a price rise in bitcoin reaching price of almost $9,000 if i'm not wrong.Now suddenly,bitcoin's price has fell down almost $400 dollars since a news spread that Japan's financial watchdog FSA has ordered the exchange Binance to freeze its operations since its license is still pending for official approval.
Zhao Changpeng, Binance founder has expressed disappointment with Nikkei's report as irresponsible journalism.He added that they are having constructive dialogues with FSA and no such order has been issued.
Whether it is a FUD or not,but it has created a negative effect over the whole crypto currencies.Most of other major crypto currencies have also faced a downfall due to this news.
Wishing bitcoin a speedy recovery.
well for now the btc price seems not falling down instead it the btc price market rises up after its fall. It is not only japan that makes the btc price movement. It is the participation of all investors around the world. So probably it could not affect the whole world. And this is the great balance that btc has offered. Any downfall of a cryptocurrency to a specific country will not affect the whole world. So as to confirm with the news about japan today i guess that is just an hearsay as i do the updates tiday here in the Philippines and nothing has to worry about sonce the btc price still plays at 8k-10k usd. if you want an evidence then i will provide the link for you to see the btc market price. https://coins.ph
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Viking81
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March 23, 2018, 06:52:37 AM |
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Binance can't be forcefully closed by Japan's FSA in any way because the exchange is under Hong Kong / China jurisdiction. It is all FUD. FSA is not an international body that is authorized to sanction legal entities of other countries.
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Fusion $FSN
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Herbert2020
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March 23, 2018, 07:28:15 AM |
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nah, i don't think this had any influence on bitcoin price. this is not such an important news anyways and in case anybody didn't know Binance is not a bitcoin exchange! it is instead an altcoin exchange so if anything, altcoins dumps is related to this news not bitcoin's.
in my opinion the reason why bitcoin dropped is the new wave of FUDs that is scaring people by talking about "child porn" on blockchain. as it was expected the only way for price to drop is for them to come up with new FUD and that is exactly what they did!
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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juiceannabel
Newbie
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March 23, 2018, 09:22:44 AM |
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Just now for the past five days,we all were enjoying a price rise in bitcoin reaching price of almost $9,000 if i'm not wrong.Now suddenly,bitcoin's price has fell down almost $400 dollars since a news spread that Japan's financial watchdog FSA has ordered the exchange Binance to freeze its operations since its license is still pending for official approval.
Zhao Changpeng, Binance founder has expressed disappointment with Nikkei's report as irresponsible journalism.He added that they are having constructive dialogues with FSA and no such order has been issued.
Whether it is a FUD or not,but it has created a negative effect over the whole crypto currencies.Most of other major crypto currencies have also faced a downfall due to this news.
Wishing bitcoin a speedy recovery.
So many peoples trying to spread fud about bitcoin and cryptocurrency. So they can take advantages from bitcoin holders that panic selling their coins.
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stompix
Legendary
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Blackjack.fun
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March 23, 2018, 01:01:38 PM Last edit: March 23, 2018, 01:24:28 PM by stompix |
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Zhao Changpeng, Binance founder has expressed disappointment with Nikkei's report as irresponsible journalism.He added that they are having constructive dialogues with FSA and no such order has been issued.
Rather than accusing them of irresponsible journalism he should have addressed the issues presented in the article sand come up with proofs that they are wrong. And the second line in the Nikkei article is : The company was operating in Japan with no registration and judged that investors could suffer damage This is the quote he should have explained, do they operate legally or not? Not the thing he said, that "We are in constructive dialogs with Japan FSA". This means nothing. It means that they had issues. There would be no "constructive dialogue" if they had a license. There would be no need for a dialogue. Just like the police don't show at your door to have a dialogue with you. If it happens there had to be some issues. So I'd blame both sides. The article for fudding that binance was ordered to cease activity and binance for not clearing out why they had problems with the FSA. I'd say they had no valid license and went under investigation, which doesn't mean they'll be closed. The Chinese exchanges remained in operation despite multiple raids and investigations in the years 2014-17. You pretty much nailed it. https://www.bloomberg.com/news/articles/2018-03-23/the-world-s-biggest-cryptocurrency-exchange-is-moving-to-maltaThe company had an office in Japan and was trying to get a license to operate there, but decided to remove its staff to avoid a clash with local regulators, Zhao said.
And running from Japan to one of the last tax heavens in Europe is a red flag. God!!! Sometimes those news drive me nuts, isn't there a single damn exchange that has nothing to hide?
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Yarsk
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March 23, 2018, 01:14:12 PM |
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Some bad big investors investors in the cryptocurrencies market has they way of influencing the market any time their want to affect the market to they own advantage, and at that they carry false bad news about bitcoin just to cause panic in the community for people to go into panic selling.
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maaydin
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March 23, 2018, 01:23:23 PM |
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the 4-10% volatility in prices are not valued as major drops anymore in my opinion because after 20k rise and fall we have experienced more major drops and rises which outlies the 5-10% rates
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Juggy777
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March 23, 2018, 01:33:49 PM |
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Just now for the past five days,we all were enjoying a price rise in bitcoin reaching price of almost $9,000 if i'm not wrong.Now suddenly,bitcoin's price has fell down almost $400 dollars since a news spread that Japan's financial watchdog FSA has ordered the exchange Binance to freeze its operations since its license is still pending for official approval.
Zhao Changpeng, Binance founder has expressed disappointment with Nikkei's report as irresponsible journalism.He added that they are having constructive dialogues with FSA and no such order has been issued.
Whether it is a FUD or not,but it has created a negative effect over the whole crypto currencies.Most of other major crypto currencies have also faced a downfall due to this news.
Wishing bitcoin a speedy recovery.
It's a fud there is no doubt about it, Japan is the only country who has adopted Bitcoins with it's heart open so why in the world would they resort to such stupidity. I have stopped believing all that is said in the media, they're out there only to create fud and spoil the image of bitcoins and its exchanges so there is a fall. They won't be able to spread fud for long good days are coming I'm sure bitcoins shall rally soon, and Japan finds a peaceful solution to this.
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PokerStein1
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March 23, 2018, 02:31:19 PM |
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Everyday there can be a reason to drop on price. People need to learn not to sell just for one little bad news. Unless we are going to experiance this situations all the time.
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criz2fer
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March 23, 2018, 02:34:59 PM |
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Some bad big investors investors in the cryptocurrencies market has they way of influencing the market any time their want to affect the market to they own advantage, and at that they carry false bad news about bitcoin just to cause panic in the community for people to go into panic selling.
They are more traders rather than investors. This panic selling would really affect the market specially when this big news site are making fake news to destroy the cryptocurrency market. People are only reading the headlines rather than going into the deep story of the news.
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Antivoid
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March 23, 2018, 02:55:21 PM |
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the whole market will fall for a short term, but it will not last long, and this already had been used once, many people sell their coins to make profits or buy fall futures, they will promote this news, but i think they maybe failed
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rockie87
Jr. Member
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ICOForums.net - A Cryptocurrency & ICO Forum
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March 23, 2018, 05:25:37 PM |
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This is normal and was expected as binance was one of the most popular exchange in the market and what binance did was not tolerable making japan take some strict action against it.Due to all this drama people loss their trust on bitcoin and tried to remove whatever they have invested in bitcoin making it to fall and bearish.
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