Bitcoin Price and Binance

[barota]

i dont know why binance support fake pump like the last from 4100 to current prices of bitcoin ?
the real price of bitcoin 4300 max per btc .
dont buy guy .. beware bull trap or evil of the market
people love buy loss .. yes they buy loss!!!!!

[EastSound]

i dont know why binance support fake pump like the last from 4100 to current prices of bitcoin ?
the real price of bitcoin 4300 max per btc .
dont buy guy .. beware bull trap or evil of the market
people love buy loss .. yes they buy loss!!!!!

Sorry but 4.3k is a past,  the new floor is $7-8k. We would just wait for the other altcoins to gain price and then btc will continue to pump again.

Its not a fake pump since institutional investors can start test trading on July.

[pooya87]

if you stop thinking about Binance for a moment and look at the development over the past couple of months and how this rise was already too late you can see that it had nothing to do with the Binance drama. in fact Binance hack delayed it a little bit and in its initial stage there was a slowness to the rise which would have not existed if that "fear" didn't exist and price could have reached $8k so much faster without Binance.

the thing is, bitcoin has been undervalued for a couple of months ever since price was dumped with manipulation below $6k and that unrealistic price had to be "corrected" just as a big bubble needs to burst. that is why i have been calling it a reverse bubble ever since it occurred.

[tspmhack6]

It is not really related and has no effect on the current status of the movement of bitcoin, Well more accurately even though Binance would stop or not all their major transactions that would not have any effect, Because It doesn't really matter for just one exchange to do it and base on exchange they are base on Bitcoin trading and the probability of other cryptocurrencies to be converted to bitcoin is very high so nothing to worry about and we are now in the midst of bull run and returning to the past all-time high is the major thing bitcoin is doing right now.

I think we should expect a slow gain to $10k this year, and a slow gain likely above ATH high next year, and then watch the madness of another market boom in 2021.

[CryptoBry]

How many people think the price increase has been triggered by the fact that Binance has stopped withdrawals?
If so what happens to the price when Binance allows withdrawals again?

What can happen when Bitcoin will get back to its normal business? I am expecting that Bitcoin will continue to hodl on what it already gained because we know that Binance is a very big exchange and it is contributing a lot to Bitcoin marketcap. Actually, I don't see any connection between what happened to Binance with the rise of Bitcoin...in fact it is even surprising that even with the Binance bad news Bitcoin seems not be affected at all meaning to say the market just ignored the Binance spectacle. Binance is now stronger and I guess better with happened and is now ready for the whole world doing business as normal.

[ajqjjj]

It is not really related and has no effect on the current status of the movement of bitcoin, Well more accurately even though Binance would stop or not all their major transactions that would not have any effect, Because It doesn't really matter for just one exchange to do it and base on exchange they are base on Bitcoin trading and the probability of other cryptocurrencies to be converted to bitcoin is very high so nothing to worry about and we are now in the midst of bull run and returning to the past all-time high is the major thing bitcoin is doing right now.

I think we should expect a slow gain to $10k this year, and a slow gain likely above ATH high next year, and then watch the madness of another market boom in 2021.

This year slow gain is possible in Bitcoin but this month is little busy so big hype also possible in crypto market. Majority of the investors are take risk in this bull run because it will continue in uptrend. I think more than 10k also possible in shortly so better wait and see the crypto market. Binance is the highly promising trading exchange so no one is worried about the last week issue.

[jossiel]

How many people think the price increase has been triggered by the fact that Binance has stopped withdrawals?
If so what happens to the price when Binance allows withdrawals again?

The price of bitcoin has been interestingly high and take note, we are Wednesday today. Withdrawals has been allowed yesterday right?

We all expected that price of bitcoin would go down after that but we're all wrong.
The price movement of bitcoin now seems to depend on its own development and recovery.

[Reid]

How many people think the price increase has been triggered by the fact that Binance has stopped withdrawals?
If so what happens to the price when Binance allows withdrawals again?

That is just one exchange out of how many?
Cmon, dont be ridiculous. I know they are one of the big players in terms of exchange but there is still a lot out there which are legitimate and are still moving bitcoins in and out.

They could have some part out of it because of the upgrade of the system but still that cannot be considered as the biggest reason out there.
Get out of just one website (binance) and you will see why.

[guoyu78]

Nah, who even said that? I don't believe that sh#t and it's not true. Bitcoin price has nothing to do with whatsoever it is that's happening with Binance. Don't mind all these so called experts or whatever they call themselves, they always look for things to tag and prove themselves as the best so everyone can believe what they have to say.

Bitcoin price has been going up way before the Binance hack occurred, so how will them stopping withdrawals now be the reason price is going up? Funny set of people, lol. All these things they are saying are all lies and none of them is truth.

[ShowOff]

How many people think the price increase has been triggered by the fact that Binance has stopped withdrawals?
If so what happens to the price when Binance allows withdrawals again?

Don't think it related. Then what happen with amount of BTC that get hacked, i mean someone must be sell it. And proven bitcoin price still increase. I don't know what actually happen even i am surprised bitcoin price can be like this.

[Ayiranorea]

If the stolen funds have got dumped we could've experienced a sudden crash in the price of bitcoin. What happened is the funds hacked were getting secured on different wallets and Binance itself has taken responsibility of providing funds to users if lost. This way there is no FUD and negative news relative to the hack. Based on the same there isn't any further price crash with regards to Binance.

[FanEagle]

Nah, who even said that? I don't believe that sh#t and it's not true. Bitcoin price has nothing to do with whatsoever it is that's happening with Binance. Don't mind all these so called experts or whatever they call themselves, they always look for things to tag and prove themselves as the best so everyone can believe what they have to say.

Bitcoin price has been going up way before the Binance hack occurred, so how will them stopping withdrawals now be the reason price is going up? Funny set of people, lol. All these things they are saying are all lies and none of them is truth.

Well, it really doesn’t have correlation to me too, or maybe we could just say that attentions where diverted from BNB a little to BTC, which I don’t think people had place priority to BNB over BTC. The only factor that would have even been reasonable is the threat of delisting tether because of the little challenge facing them, maybe people started changing their USDT back to BTC since that is still the major paired coin for now.

Whatever it is that caused the urge in BTC should just remain that way while we get more positive factors that will also continue to contribute to its growth till we get to our destination, which is ATH.

[raven7886]

Let me say my prayer “I am a bitcoin believer; I refuse to give in to evil thoughts”. I call it evil thought because I really don’t want to think the unimaginable thing that could happen to bitcoin if this increase is really as a result of Binance stopping deposit and withdrawal.

First we need to look at what value BTC was before this incidence, and if Binance were to release their system again, then we will be getting back to a value a little bit above that. But it’s just an unreasonable assumption, it would be impossible for it to have any effect on bitcoin price, I think this surge is just a normal investment surge.

[stadus]

How many people think the price increase has been triggered by the fact that Binance has stopped withdrawals?
If so what happens to the price when Binance allows withdrawals again?

Binance action has no relevance to the increase of bitcoin as it's already bullish before the hacking incident.

I'm not worried about this and I don't believe on that speculation.

[BitHodler]

But it’s just an unreasonable assumption, it would be impossible for it to have any effect on bitcoin price, I think this surge is just a normal investment surge.

It's not entirely unreasonable. Newbies just aren't used to these events and consider hacks and whatnot to be bad for the market, so I don't blame them for thinking that. It shows that they are at least paying attention.

Another aspect is that the mainstream media adds to the uncertainty of people by over-exaggerating the consequences of hacks. CNBC and Bloomberg are the worst in that regard.

At the end of the day, hacks mean coins being taken off the market, at least in the near term. If there is an effect on the price to begin with, it should be positive because there are fewer coins to be sold.

[UNOE]

How many people think the price increase has been triggered by the fact that Binance has stopped withdrawals?
If so what happens to the price when Binance allows withdrawals again?

Time tell us that nothing significantly happens, because Bitcoin continue doing its thing, in other words continued rally, almost without pullbacks. I do not think that there was any strong correlation between Bitcoin price and Binance withdrawals nor Binance hack (just few percent, at the day when hack was happen). If that was larger hack, if Binance didn't reacted promptly and transparently, it would probably be different.

[wuvdoll]

It seems for now it will probably help the altcoins more than it helps bitcoin. Because, they are going to give money to people who do more than 1 bitcoin in trading fee until 18th which means there will be a lot of people getting some altcoins or so and that would help the altcoins a lot. Bitcoin price would probably not get affected but even if it does I am not sure if it will be a good help, it could totally drop as well.

I believe as far as I can understand usdt pairs work too in this over 1 btc trading deal but most people would not do that usdt deal and would probably do either bnb or eth or any other coin they want which is why we are seeing all altcoins gaining a bit of traction. Look at eth, it was 200 dollars just couple weeks ago and now its getting close to 300.

[DoublerHunter]

Bitcoin price will be going up when the price goes up and Binance has nothing related to the market movement. There's nothing significant of the price increase of bitcoin and Binance hasn't relevant to the massive increased or this ongoing correction now. Binance is an exchange only, no more than that may affect on bitcoin price unless the movement itself.

[GregH37]

How many people think the price increase has been triggered by the fact that Binance has stopped withdrawals?
If so what happens to the price when Binance allows withdrawals again?

Don't think it related. Then what happen with amount of BTC that get hacked, i mean someone must be sell it. And proven bitcoin price still increase. I don't know what actually happen even i am surprised bitcoin price can be like this.

The amount of BTC stolen from Binance is too big for it to affect the market naturally, although it will have little effect because the scammers will definitely sell it off the market and change to fiat, so who ever get to benefit from this will be the hacker’s bank and the hacker’s country economy, because $40 million added to economy is not something small.

Everyone is surprised the way bitcoin has been building shield against FUD news this period, and it seems like every time bitcoin FUD occurs, it tends to favor bitcoin, this s why we should continue holding our coin believing strongly in the future achievement of BTC.

[boyptc]

If so what happens to the price when Binance allows withdrawals again?

Alright, Binance opened the withdrawals again --> https://www.theblockcrypto.com/tiny/binance-reopens-withdrawals-and-deposits-a-week-after-41-million-hack-bitcoin/

But I don't think that the sudden plummet is the effect of it.