Crypto experienced bloodshed

[aylabadia05]

Closely related to the condition of the current decline in coin prices on the market due to the events of binance and the SEC.
People who carry out trading activities are worried that the problems that are currently facing binance continue to be spread.
Buying altcoins wouldn't make me say the right thing to do, but buying Bitcoins in this situation is the right move because Bitcoin has certainty compared to altcoins.

Actually, the scope of the problem is between binance.us and the SEC, while binance.com should not be affected.
But because of the panic situation that made this problem more exposed, some people started to be affected.

People shouldn't be affected by such a situation, but a situation like what BinanceUS is currently facing indirectly creates panic by itself considering that people who have funds there don't want anything to happen to the assets stored there even though Binance keeps trying. convey the message that they will always prioritize comfort so that excessive fear does not occur.

Buying bitcoin during a market crash like this is indeed a good choice, because Bitcoin is the main coin.
Bitcoin will improve in the long run. But make sure you buy at the right price.

Ensuring the right purchase price varies widely. At least analyzing market developments can help each of us in deciding when is the best time to buy.
You are right. Bitcoin is a long term target.

The benefit or advantage behind the Binance and SEC dispute is that I feel the Bitcoin following will increase further and the level of trust in centralized exchanges will be even more questionable.
In general the situation is good enough to switch to coins that have certainty.

The coins that have certainty are certainly the top coins and some new users may come in to buy bitcoin at a lower price like now.

Apart from Bitcoin, perhaps Ethereum is the one we dare to call a coin that we can expect decent returns from on the list of coins.

[Joshapat]

Almost a week, the prices of many altcoins experienced a bad trend, BNB and MATIC, which were in the top 10 ranking, dropped more than 20%, and this certainly had an impact on the market so that the price of bitcoin also continued to decline, and if altcoins do not recover soon, it will certainly make bitcoin price will also continue to decrease.

[Aanuoluwatofunmi]

I do not further measure the actual market interest in the fundamental side of the coins that are disputed here. As for the SEC lawsuit meaning it has depreciated most of the market capital flows which it ascertained from US users, I dunno if they have the opportunity to trade that elsewhere in the future. I only predict the domino effect that will occur from this event, that the global SEC will do the same.

Maybe we are also now in an era where everyone does not have to follow the decision from the US about cryptocurrency and other economy and financial arriving conclusions and approach, those within the US may have little more challenges with their government regulations affecting the operation of Binance exchange but i can say it very clear and direct that this will not be a global issue to be treated on everyone as long as people have known how to take their bitcoin off exchanges.

[fzkto]

I think back to March 2020 when the whole market was falling even harder than it is now, but many coin prices are back to those levels. I believe that this bloodbath could be the end for the bear market and an upturn could start soon. Usually people sell in large volumes because of fear, which is what happened this week. It will take some time to recover, but I think there will be an uptrend next.

Correction of market prices is not a big problem for those who have planned investments for the long term. Let the weak hands lose their assets in a panic while they will soon realize that the whales are far better prepared to make big profits in future by accumulate now.

The impact of the SEC and Binance as well as a number of other things is causing US traders and holders to have to sell their holdings of assets, but I believe that this will only be a short term impact before the market recovers. I'm not surprised about the dump in market cap in June, even if it weren't for the SEC and Binance.

Yes, summer is usually not the best time for any market, but still the stock market is on the rise. Or one might even say that it is highs, because Apple stock, for example, has made a new ATH. So the sec and binance situation is worrisome, because if the stock market starts a correction too, nothing good will happen for crypto. And if it does, it won't be short term.

[michellee]

Almost a week, the prices of many altcoins experienced a bad trend, BNB and MATIC, which were in the top 10 ranking, dropped more than 20%, and this certainly had an impact on the market so that the price of bitcoin also continued to decline, and if altcoins do not recover soon, it will certainly make bitcoin price will also continue to decrease.

That's because Bitcoin also went through a deep drop, bringing its price back to the $25k level. For now, it looks like the Bitcoin price is still at this level but hopefully this week, there will be a little change so that the altcoin price will increase again.

And if you notice in the market, there's been a bit of movement from some of the altcoins as Bitcoin is getting a green candle in the market. And let's hope this is a nice move wherein Bitcoin price can start to gain some more ground.

But we still have to be patient, waiting for the price to get a long rally. That's because we don't know when the long rally will start. So better prepare your Bitcoin and altcoins because a long rally can come at any time.

[bestcoins1]

Almost a week, the prices of many altcoins experienced a bad trend, BNB and MATIC, which were in the top 10 ranking, dropped more than 20%, and this certainly had an impact on the market so that the price of bitcoin also continued to decline, and if altcoins do not recover soon, it will certainly make bitcoin price will also continue to decrease.

I started laughing when you said that to Bitcoin by linking it to altcoins where as long as I know Bitcoin, I have never seen altcoins growing very well in the market when Bitcoin was experiencing a price decline in the market. So the question now is have you seen altcoins improve over a long period of time when Bitcoin was in a bad state?

And in this case I'm trying to rule out stablecoins which basically tend to stay even though they also often experience a slight increase when Bitcoin and altcoins are facing bad conditions. So you need to remember that if Bitcoin doesn't recover better in the market, you may never see altcoins in better prices than they are in the market.

[ShowOff]

Almost a week, the prices of many altcoins experienced a bad trend, BNB and MATIC, which were in the top 10 ranking, dropped more than 20%, and this certainly had an impact on the market so that the price of bitcoin also continued to decline, and if altcoins do not recover soon, it will certainly make bitcoin price will also continue to decrease.

That's because Bitcoin also went through a deep drop, bringing its price back to the $25k level. For now, it looks like the Bitcoin price is still at this level but hopefully this week, there will be a little change so that the altcoin price will increase again.

And if you notice in the market, there's been a bit of movement from some of the altcoins as Bitcoin is getting a green candle in the market. And let's hope this is a nice move wherein Bitcoin price can start to gain some more ground.

But we still have to be patient, waiting for the price to get a long rally. That's because we don't know when the long rally will start. So better prepare your Bitcoin and altcoins because a long rally can come at any time.

Any holder should be more patient this June as bitcoin prices are likely to experience more selling pressure than demand. The market was very volatile even after bitcoin tried to break the $26k and $27k resistances but I can expect that to change in the last week of June or towards July.

The price recovery is much more to be expected than the bullish in 2023, but I would not deny that a minor bullish is still very likely for the rest of the year. Right now the market is taking a toll as the SEC has prompted more investors and traders to panic, but that will surely be over soon.

[flyingcarpet]

It's nice that some events follow each other. It is better to experience such events now than later. So the sooner the better. Maybe we are not aware of this right now, but if what I say is true, crypto will come back stronger. Stuff like this happened all the time. Some were just speculation or fact, but it always happened. Bitcoin was not affected much by this situation. This is a good thing.

Bitcoin always shows investors and bitcoin lovers that Bitcoin is not affiliated with individuals, institutions or the government. Bitcoin is now little affected by all the bad news in the crypto world. He continues on his way.

Every drop is a buying opportunity. Have a goal to buy bitcoin on every drop.

[Bitstar_coin]

The sec literally doing everything possible to discredit crypto and send it crashing but the resilient nature of the crypto space has kept it going and staying strong in this period of attack.
And what is most interesting is, they are not just going after one projects but multiple projects which the claim are operating as security. The market has really take a blow because of this negative attack but i trust it will end up as another history in crypto. Nothing to worry about.

[carlfebz2]

I think back to March 2020 when the whole market was falling even harder than it is now, but many coin prices are back to those levels. I believe that this bloodbath could be the end for the bear market and an upturn could start soon. Usually people sell in large volumes because of fear, which is what happened this week. It will take some time to recover, but I think there will be an uptrend next.

Correction of market prices is not a big problem for those who have planned investments for the long term. Let the weak hands lose their assets in a panic while they will soon realize that the whales are far better prepared to make big profits in future by accumulate now.

The impact of the SEC and Binance as well as a number of other things is causing US traders and holders to have to sell their holdings of assets, but I believe that this will only be a short term impact before the market recovers. I'm not surprised about the dump in market cap in June, even if it weren't for the SEC and Binance.

Yes, summer is usually not the best time for any market, but still the stock market is on the rise. Or one might even say that it is highs, because Apple stock, for example, has made a new ATH. So the sec and binance situation is worrisome, because if the stock market starts a correction too, nothing good will happen for crypto. And if it does, it won't be short term.

To those people who panic sell this time would definitely be making out some regrets later on, on the time that the market would really be green once again.For those newbies or who had just recently dive in into this market would really be normally be having those kind of impressions on which it might really be looking that this might be the end but its not, it is really just a normal market cycle.

We cant really just be having that one path to take which is upwards, it isnt really called a market if we dont really have these fuds and other fundamentals around which causes the price to be way more volatile.Crypto market does have those ups and downs and this is really where emotional test would really be happening and if you are that someone who do have that weak emotions then for sure you would really be that susceptible when it comes to errors and mistakes on things that you have done.

This is why instead of freaking out these kind of times, it would be much more wiser if you do really know on taking  this as an opportunity for you to buy more instead of panic selling.DCA is always the key.

[phantailaptopbl]

I think back to March 2020 when the whole market was falling even harder than it is now, but many coin prices are back to those levels. I believe that this bloodbath could be the end for the bear market and an upturn could start soon. Usually people sell in large volumes because of fear, which is what happened this week. It will take some time to recover, but I think there will be an uptrend next.

Correction of market prices is not a big problem for those who have planned investments for the long term. Let the weak hands lose their assets in a panic while they will soon realize that the whales are far better prepared to make big profits in future by accumulate now.

The impact of the SEC and Binance as well as a number of other things is causing US traders and holders to have to sell their holdings of assets, but I believe that this will only be a short term impact before the market recovers. I'm not surprised about the dump in market cap in June, even if it weren't for the SEC and Binance.

Yes, summer is usually not the best time for any market, but still the stock market is on the rise. Or one might even say that it is highs, because Apple stock, for example, has made a new ATH. So the sec and binance situation is worrisome, because if the stock market starts a correction too, nothing good will happen for crypto. And if it does, it won't be short term.

To those people who panic sell this time would definitely be making out some regrets later on, on the time that the market would really be green once again.For those newbies or who had just recently dive in into this market would really be normally be having those kind of impressions on which it might really be looking that this might be the end but its not, it is really just a normal market cycle.

We cant really just be having that one path to take which is upwards, it isnt really called a market if we dont really have these fuds and other fundamentals around which causes the price to be way more volatile.Crypto market does have those ups and downs and this is really where emotional test would really be happening and if you are that someone who do have that weak emotions then for sure you would really be that susceptible when it comes to errors and mistakes on things that you have done.

This is why instead of freaking out these kind of times, it would be much more wiser if you do really know on taking  this as an opportunity for you to buy more instead of panic selling.DCA is always the key.

crypto currency and another economy and finance related decision and way of approach and not obey the American results  and we are in one stage and who all are in America they destroy the France activities and they are some challenges is there and in exchange the not take a bitcoin exchange and they people who know and this is not have international problem and i m tell this are directly and strongly .

[Webetcoins]

What do you think of your friends to take advantage of situations like this, is it now the right time to buy a few coins?

I don't see how this is a situation where someone can take advantage of it, there is more and more bad news coming out and the market reacts to each one of them because we know how sensitive cryptocurrency traders are and they need nothing more than a bad news to start panicking and selling their assets like the market is about to die forever, but that is how it is, you can't stop things like these, so you simply act according to it.

I personally would stay away from buying altcoins in such situations, these are not the right times to buy altcoins or even Bitcoin because even Bitcoin will be affected by all these bad news coming out every other day. So I would probably recommend waiting for a while before making any big purchases in altcoins.

[Yaunfitda]

The sec literally doing everything possible to discredit crypto and send it crashing but the resilient nature of the crypto space has kept it going and staying strong in this period of attack.

Probably that's there intention, but still crypto can't be stop or discredit even by the US government. The price might suffer but it will just temporary. Remember that we still have the bull run coming next year so shouldn't deter ourselves from buying at this dip and then HODL for the next bull run.

And what is most interesting is, they are not just going after one projects but multiple projects which the claim are operating as security. The market has really take a blow because of this negative attack but i trust it will end up as another history in crypto. Nothing to worry about.

They have been going on like that, they initially targets those ICO/IPO, now it seems that their next target is crypto exchanges like Coinbase and Binance who they think facilitate securities for US citizens. But yeah, we shouldn't worry about it, this is just part of the market, every like bull run/bear market cycle, we have this kind of attacks.

[justdimin]

I do not further measure the actual market interest in the fundamental side of the coins that are disputed here. As for the SEC lawsuit meaning it has depreciated most of the market capital flows which it ascertained from US users, I dunno if they have the opportunity to trade that elsewhere in the future. I only predict the domino effect that will occur from this event, that the global SEC will do the same.

Maybe we are also now in an era where everyone does not have to follow the decision from the US about cryptocurrency and other economy and financial arriving conclusions and approach, those within the US may have little more challenges with their government regulations affecting the operation of Binance exchange but i can say it very clear and direct that this will not be a global issue to be treated on everyone as long as people have known how to take their bitcoin off exchanges.

I think we are not there just yet, I would love it if we were there but the reality is that we are not there just yet, which causes a lot of trouble for all of us. This is why its smarter to just enjoy the situation while we have it, and that way we can do a lot better in the end, the trouble is that we shouldn't be really worried about what's going to happen with USA, but we should be ready for it as well.

Sure bloodsheds happen all the time but if you are ready with DCA your way back, or stop loss, then you shouldn't be worried about bloodsheds at all, it wouldn't hurt you all that much. Too many people act as if this is avoidable, but this is a financial market, bloodsheds happen all the time and all we can do at this point is to learn to live with it.

[karabiber]

Almost a week, the prices of many altcoins experienced a bad trend, BNB and MATIC, which were in the top 10 ranking, dropped more than 20%, and this certainly had an impact on the market so that the price of bitcoin also continued to decline, and if altcoins do not recover soon, it will certainly make bitcoin price will also continue to decrease.

If the SEC's theory succeeds in court Binance, Coinbase and all other crypto exchanges will become entities that must be registered by the US federal government and follow rules they set to protect individual investors. That's the last thing i want for cryptocurrency market. But even in the worst case scenario of this legal battle Bitcoin, Ethereum and Ripple may not suffer. The SEC didn't bother calling them securities in the Binance or Coinbase lawsuits. This may cause individual investors and institutions to see less risk and more potential in these cryptocurrencies. The fact that the SEC does not take a stance against these cryptocurrencies can be an extremely positive situation for XRP, ETH and BTC. I think that BTC and ETH will see their way and altcoin season will be over after the court decision, no matter what the result comes out. If the court result is in favor of the SEC.

[eaLiTy]

~
Every drop is a buying opportunity. Have a goal to buy bitcoin on every drop.

If you are thinking on that aspect every drop is an opportunity to accumulate more coins and if you are watching the whale alerts on social media you could see that many whales are accumulating thousands of coins during the last few days and that is the normal trend whenever the price went down as many are looking to accumulate the coins for the next bullrun.

[dragonvslinux]

One thing I don't understand is why POW coins like Doge and LTC are suffering. I am assuming there is a chance that in the USA, many ICO tokens such as ADA or MATIC will be deemed securities and they won't be tradeable on BinanceUS or any of the other exchanges located in the USA.

I think it's just the irrational means of the market that causes the likes of POW coins, that clearly aren't securities, to suffer. With the exception that Elon might get sued for pumping Doge.

In summary, the usual reaction within the market happens as follows:

1. People sell-off coins that are deemed securities by the SEC, therefore the entire market suffers, including POW coins
2. People stop selling off Bitcoin and Ethereum as much as other speculative assets, because ultimately they are unaffected
3. People stop selling off Bitcoin as price still remains relatively stable compared to other assets, and it will never be deemed a security

This ultimately leaves POW coins unable to compete with Bitcoin, even Ethereum that wasn't labelled a security, simply because people are shifting away from shitcoins back to Bitcoin as it's dominance continues to increase. It's less of a reflection on the likes of Doge and Litecoin, but more of a reaction to the general shift away from altcoins. That said, Doge in particular still remains considerably overvalued imo.

[Bitstar_coin]

I think by now we all already know what causes the sharp decline of these crypto prices. The sec is clamping down hard on crypto which is not good. As usually any negative news and actions always cause the price to dip as people will sell first before understanding why the market goes down.
And the worst part of this case is you can't say for sure when exactly the heat will cool off.
It is almost like the moment the market is about to reverse the sec will come with new allegations.

[Ngemmeng]

actually the best time to buy is when the bitcoin price is in the range of $ 17k but now is also the right time to buy and maybe even the last chance before the bullish  The SEC is an old issue and often appears ahead of the bullish, but even then this news will slowly fade and the crypto market will recover again. so make the best of this moment to get maximum profit in the upcoming bullish phase.

[Sebas.tian]

What do you think of your friends to take advantage of situations like this, is it now the right time to buy a few coins?

Yes, the price of coins has decreased more to allow whoever that want to buy for short term trading or long term trading to use the opportunity to be part of the advantage, because the market price will definitely increase higher before the end of next month. I believe, my friends will definitely embrace the advantage since it has been long they prepared for another bearish season before they can visit the market to buy potential coins that will bring them favour in a way they will be proud to invest more on that particular coins. I don't think, the price will still dump more than $25,000 before it will return back to $40,000 for those that invested to have something good to achieve.