Binance wants the crypto bubble to burst!

[dumplingsandsushi]

So, any links or evidence Binance is saying this?

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

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

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

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

[samarabtc]

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

[coin_maker]

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

[fiulpro]

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

[jamesashmore1964]

The bubble will burst at BTC 2K

[AlisaWhishie]

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

[pey]

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

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

[Yudhisthir]

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

[inbetweener]

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

[wong tsu gieh]

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

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

[BTCwin1]

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

[jamesashmore1964]

Binance is getting its wish!

[marcbitcoins]

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

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

[joesastro]

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