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Author Topic: How fast can the CEX affect the bitcoin price negatively?  (Read 207 times)
verita1
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March 11, 2022, 09:45:51 PM
 #21

I think there is no reason for concern that the price of bitcoin may fall due to the current crisis. The Ukrainian government has raised more than 10 million in cryptocurrencies and the price has not been affected as negatively as a delicate case that we are experiencing.

Experts in this article show their most optimistic side:

Quote
Michael Rinko, venture associate at AscendEx, said $38,000 is the number to watch. “This is one of the biggest accumulation phases,” he said. “You can tell the cost basis of every single holder. More people bought at $38,000 than at any other level above or below for a good margin. It's a very key level because it could be support on way down but also resistance on way up.”

https://www.cnbc.com/2022/02/28/bitcoin-jumps-8percent-after-treasury-imposes-new-sanctions-against-russian-central-bank.html

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March 12, 2022, 08:37:32 AM
 #22

Well, we use DEX then. I don't think it's that much of an issue, VPN's are a thing and should let you access exchanges if they were banned by your local ISP's (though it may result in a ban if you get found out, but still, being careful can bypass that), and if you don't want to do that, as I said earlier, DEX should still be easily useable. Plus, if they were to sanction CEX because of wanting to sanction Russia themselves from getting their money out, then sanction everything, from buying gold, stocks, other fiats, etc., otherwise, it's just a useless endeavor.

R


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