Crypto experienced bloodshed

[stomachgrowls]

Binance exchange has more integrity and customers so I don't think they're using their customers funds for investing in newly launched projects. They're very strategic with their investment as they only invest in project that'll succeed and make them more profits.

Binance exchange has huge funds in their cold wallet so it is impossible for them to use investor funds to invest in certain projects, if you notice they always announce every project they invest in, generally projects that have been reviewed for potential from the start are affiliated with binance labs.

CZ has always posted about investors funds that are always safe on every platform affiliated with binance, so there's nothing to worry about because they have received answers to the problems with the SEC in court, I'm sure binance will win this case because their accusations are groundless and not can be proven in fact in court proceedings.

We cant really make out some conclusive approach if they havent violated up something or what because SEC wont really be throwing up those things without having those things which they do know that it would really be increasing out their change to win up the case.This is why confidence would really be still that not that present as long this issue would continue and hasnt been closed up.

I dont really have no doubts when it comes to Binance service or its existence because i've been using up for how many years already and i dont able to experience any issues or whatsoever.
For this market on having a bloodshed then it would really be just that a normal situation because whenever there's something that it is really that connected to crypto space
which does face up some issues then it would really be giving out some significant impact into it. Sometimes not but most likely it will.

[1715501041]

1715501041

[1715501041]

1715501041

[1715501041]

1715501041

[1715501041]

1715501041

[1715501041]

1715501041

[1715501041]

1715501041

[lixer]

I think the thing that has rocked crypto in the last month is the issue that Binance is having a crisis, I'm also worried that Binance will be like FTX so withdraw almost all the funds on Binance and all the funds are safe and I don't think it's a problem so the market is now reacting positively.

Binance will not experience the same thing as FTX, after all the two exchanges face different problems and their solutions will be different too. So you don't need to worry about equating the two for every problem they face because the case experienced by FTX is clear and the problems faced by Binance are also clear. And stock exchanges like Binance itself are also sure to be able to solve their own problems in a wise enough way even though the one at issue is Binance which operates in America.

You might be right that Binance will not have the same fate as FTX and we wish it doesn't, but whatever has happened and is happening has already affected the market and it will keep happening until things settle down and Binance and Coinbase come out of the cases and allegations that they are going through which will obviously take some time and there will be a lot of changes after the cases.

SEC will obviously want them to register the tokens and products that they offer as they consider them securities, if exchanges agree and can register them, they will do, otherwise, they will obviously need to close down their services within the country which will have an impact on the market once again.

[ancafe]

Binance exchange has huge funds in their cold wallet so it is impossible for them to use investor funds to invest in certain projects, if you notice they always announce every project they invest in, generally projects that have been reviewed for potential from the start are affiliated with binance labs.

For a large exchange with a good reputation I don't think it's possible to do that, Binance has built a great reputation in many countries and using investors' funds to invest in certain projects is very unlikely. CZ is one of the richest people in the world and it is impossible for something like this to be done to make the binance exchange lose its reputation.

CZ has always posted about investors funds that are always safe on every platform affiliated with binance, so there's nothing to worry about because they have received answers to the problems with the SEC in court, I'm sure binance will win this case because their accusations are groundless and not can be proven in fact in court proceedings.

But in general we never know whether Binance will win lawsuits from the SEC because after all the SEC has a lot of influence in the United States and surely there will be a deal that will happen for both parties. It's safer and if one of us keeps assets on Binance, it's better to transfer the assets to another place first because if something happens to Binance Global we won't have any problems regarding the assets we store there.

[nlovric]

Calculate the surprise element because I dont think  FTX being a fake facade of a company not well determined or dependable as some thought, the fallout was not well predicted.  Hollow values and structural unknown problems was market shock hence it will move prices.   Binance having regulatory problems is like a headline every month for years, maybe its getting worse or getting to a crescendo I dont know but for shock that fallout potential or the missed step on the virtual stairs that is graphed trends etc. doesn't appear to be there.    
  Many plain BTC holders will not appreciate the idea that this entity with various alternate blockchains is being discussed as relevant but my measure is public perception not the people who know or judge better those blockchains as totally separate.  If people perceive a connection then it matters when we talk about market prices and dynamics vs that event or rumor etc.

It makes sense that you have doubts about FTX dependability as a business and the possible consequences of its false ideals and unsolved structural issues. Such an unpredictability can undoubtedly startle the market and affect pricing. On the other hand Binance ongoing regulatory issues have started to make headlines on a regular basis. While it is unclear whether the situation is becoming worse or nearing a crisis point it is not immediately clear whether it will have a substantial impact on market patterns. Nevertheless it is crucial to remember that public perception affects market dynamics significantly regardless of whether BTC holders properly understand the differential between FTX and other blockchains.When discussing such occurrences or rumours market prices and dynamics may be affected if there is a perceived connection. Overall the intricate interaction between public perception market trends and particular occurrences draws attention to the complexity of the bitcoin scene.

[cryptomaniac_xxx]

Indeed, the recent decline in the crypto market was caused by one of the factors, namely Robinhood's decision to sell several tokens such as There, Matic and Sol could affect market sentiment and cause significant selling pressure. If a company like Robinhood holds large amounts of crypto assets and decides to sell them, this could create instability and trigger further selling. So, in the face of a situation like this, the decision to buy a particular coin becomes a very personal one. Before buying, it is important to do thorough research on the coin you want to buy.

I really don't understand though why this is the cause of the recent decline. And so maybe you haven't heard about the case of SEC vs Binance. That is the main reason why the prices stumbled and decline to $25k, and then it's support price of $26k which we have been trading sideways for a long time now.

And now we have a break out run to $30k+ because of all the institutional money and the whole BTC Spot ETF application namely by Blackrock and other big institutions. It's just the question on whether we can maintain this price because this seems to be the highest price that we achieved this year. So we would like to see and break above it at least before the end of the year.

[woez]

It's only temporary that Crypto is experiencing bloodshed and the impact that is really felt is Altcoin due to the Market correction a few weeks ago and today the market has woken up from its slumber. BTC has been experiencing very good price movement and I think it will continue in the future especially SEC Approved First Bitcoin Leverage Futures ETF last Friday Source: https://cryptodaily.co.uk/2023/06/sec-approves-first-leveraged-bitcoin-futures-etf-in-the-us

[Semar Mesem]

After almost 3 months now the price can return to the level of $ 30k, of course this is a positive indication that the market is soon rising, many investors are afraid that the market will collapse because the issue of Binance which is experiencing a crisis is not proven, all withdrawal transactions are still in the normal process, some even once withdrew around 15 btc or $450k from the Binance wallet.

[Yaunfitda]

After almost 3 months now the price can return to the level of $ 30k, of course this is a positive indication that the market is soon rising, many investors are afraid that the market will collapse because the issue of Binance which is experiencing a crisis is not proven, all withdrawal transactions are still in the normal process, some even once withdrew around 15 btc or $450k from the Binance wallet.

Smart investors buy in the dip, so I doubt that they are afraid on what has happened to Binance. And as we can see, the price was not affected, on the contrary price has reached as high as $31k, meaning there is hype and FOMO again.

But we just have to be cautious as well, this price increased is due the Blackrock applying for a Spot Bitcoin ETF. So in any case it might not be approved by SEC, the price could go down again. So we will have to wait and see what is going to happen to that application and hopefully it can bring another set of good news to us at least at the end of the year.

[Halime Anatolia]

The crypto market has plummeted to around $ 1 trillion today, with a liquidation amount exceeding $ 200 million within 1 hour. In particular, some tokens that have been registered as securities by SEC have been devastated:

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 am also experience and feel this way, one of the common obstacles that most people feel is that they also have difficulty buying because they have to make adjustments for their daily needs. Those who dare to take risks by borrowing time, they are winners, for those who don't, they are just spectators. So, now we will also be spectators when prices rise at the beginning of the year. if this the same as 3 years ago.

[Hamphser]

After almost 3 months now the price can return to the level of $ 30k, of course this is a positive indication that the market is soon rising, many investors are afraid that the market will collapse because the issue of Binance which is experiencing a crisis is not proven, all withdrawal transactions are still in the normal process, some even once withdrew around 15 btc or $450k from the Binance wallet.

Smart investors buy in the dip, so I doubt that they are afraid on what has happened to Binance. And as we can see, the price was not affected, on the contrary price has reached as high as $31k, meaning there is hype and FOMO again.

But we just have to be cautious as well, this price increased is due the Blackrock applying for a Spot Bitcoin ETF. So in any case it might not be approved by SEC, the price could go down again. So we will have to wait and see what is going to happen to that application and hopefully it can bring another set of good news to us at least at the end of the year.

Yes, focusing out with that fundamental is that on the time that they had been able to know that big officials of Binance did quit out or leave the company and making out some assumptions that there might be something happening behind the curtain on which the masses or the community do make out some assumptions that this is really something big or would really be that negative and this is why it did really result
into move out of funds on said platform and some do even do make out some panic sell of their BNB which it did really cause some price decrease but eventually the price now is already clinging up once again.

These kind of fundamentals arent something that could really be that ignored because we know that news or something like this could really give out some possible effect which we would really be thinking
about on having that advantage about it. Its not really that something that a shocking thing or approach because this is where usually be people on having this kind of reaction when it comes
to these things. Use it on your advantage or wont really be doing something at all or any action and just let it be.

[Jating]

The crypto market has plummeted to around $ 1 trillion today, with a liquidation amount exceeding $ 200 million within 1 hour. In particular, some tokens that have been registered as securities by SEC have been devastated:

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 am also experience and feel this way, one of the common obstacles that most people feel is that they also have difficulty buying because they have to make adjustments for their daily needs. Those who dare to take risks by borrowing time, they are winners, for those who don't, they are just spectators. So, now we will also be spectators when prices rise at the beginning of the year. if this the same as 3 years ago.

Everyone here is a winner by simply buying in the dip. But it seems that we are on track to keep and defended $30k at least for this month. Ripple news last week was good for us as it has a trickle effect on the market on bitcoin.

But after that, it seems that we are still back from as high as $31k to the current price.

So there's no more bloodshed and I don't see it happening in the future unless there is a black swan event.

[tygeade]

Everyone here is a winner by simply buying in the dip. But it seems that we are on track to keep and defended $30k at least for this month. Ripple news last week was good for us as it has a trickle effect on the market on bitcoin.

But after that, it seems that we are still back from as high as $31k to the current price.

So there's no more bloodshed and I don't see it happening in the future unless there is a black swan event.

I feel like that news was overblown anyway, it wasn't all that amazing and the increase looked to be a fake one. In any case, we are at a stage where we are going to do fine, not amazing but just fine and that means we could make a profit one way or another. I know that it is going to take some time for it to happen but we could do it if we can wait for it. I know a lot of people who do not think that it is going to be an easy choice, but we are going to make it work anyway.

So, just put up with it and we could end up making some profit from it as well. Right now it's low, and that means we have a chance to get in when it's low and wait for it to go up and then sell in order to make a lot of profit as well, that's a good choice.

[Gadei Blang Gapu]

What causes this market decline?

If we look at market conditions, especially this week Bitcoin prices are weakening plus the US Dollar Index (DXY), which continues to soar to peaks. yes. this was fueled by the prospect of US interest rates remaining higher and no respite. However, my view may be used as an accumulation stage for some investors and financial institutions, of course.

[bestcoins1]

If we look at market conditions, especially this week Bitcoin prices are weakening plus the US Dollar Index (DXY), which continues to soar to peaks. yes. this was fueled by the prospect of US interest rates remaining higher and no respite. However, my view may be used as an accumulation stage for some investors and financial institutions, of course.

I'm sure you've been visiting the market a lot lately so you can give some insight into prices, especially for Bitcoin prices. But I think the price of Bitcoin is still not weak right now because it is still near $30K and if you look at the price of Bitcoin in the last few months nothing has gone past $32K either. This means that the current Bitcoin price can still be said to be strong and not weakened because of the US Dollar, but I don't understand why you even say that the current Bitcoin price is weakening.

[Kemarit]

What causes this market decline?

If we look at market conditions, especially this week Bitcoin prices are weakening plus the US Dollar Index (DXY), which continues to soar to peaks. yes. this was fueled by the prospect of US interest rates remaining higher and no respite. However, my view may be used as an accumulation stage for some investors and financial institutions, of course.

Maybe, we have seen the stock market going green, but bitcoin market somewhat on the decline. But if you look at the last 24 hours, we have some small gains, the price is now above $30,000 which is a good sign that the bulls are back and defending that price again.

So maybe if we will hear another good news coming from the US, specially a positive interest rate, we might be looking at $31,000 at the end of the month. I do believed that we can still jump or at least close this month around $32,000.

[Fatunad]

What causes this market decline?

If we look at market conditions, especially this week Bitcoin prices are weakening plus the US Dollar Index (DXY), which continues to soar to peaks. yes. this was fueled by the prospect of US interest rates remaining higher and no respite. However, my view may be used as an accumulation stage for some investors and financial institutions, of course.

Maybe, we have seen the stock market going green, but bitcoin market somewhat on the decline. But if you look at the last 24 hours, we have some small gains, the price is now above $30,000 which is a good sign that the bulls are back and defending that price again.

So maybe if we will hear another good news coming from the US, specially a positive interest rate, we might be looking at $31,000 at the end of the month. I do believed that we can still jump or at least close this month around $32,000.

Not that something new anymore on which this market has been volatile in the first place, its not really that anytime been tied up with those traditional markets that we do know and its not something that it would correlate from time to time in speaking about trend and possible movement on the same path but somewhat when it comes to economical news then it is really that having that having that significant effects which could really be giving out that kind of impression that it does really give out that same effect in between markets. Bloodshed? Its not really something new and its been always like this specially if fundamentals turns out to be very negative and there are moments on which even on the quietest days on which the price do move into a certain  way without even trying to know on whats the actual reason behind it.This is why its really hard to make out such conclusive approach when it comes to this one. The best thing to be  done on here is to make yourself that versatile on whatever market decisions you would be making into.

[AakZaki]

Not that something new anymore on which this market has been volatile in the first place, its not really that anytime been tied up with those traditional markets that we do know and its not something that it would correlate from time to time in speaking about trend and possible movement on the same path but somewhat when it comes to economical news then it is really that having that having that significant effects which could really be giving out that kind of impression that it does really give out that same effect in between markets. Bloodshed? Its not really something new and its been always like this specially if fundamentals turns out to be very negative and there are moments on which even on the quietest days on which the price do move into a certain  way without even trying to know on whats the actual reason behind it.This is why its really hard to make out such conclusive approach when it comes to this one. The best thing to be  done on here is to make yourself that versatile on whatever market decisions you would be making into.

Being versatile in any market conditions and having the ability to make the right decisions will indeed be very useful. When there are signs that the market is starting to crash, you have to make the decision to start selling some and buying when the market actually crashes. it will be a tough decision. the ability to read the market in technical and fundamental analysis really must be mastered. When there is bloodshed in the asset market, we will remain safe and stable, and of course we will get more returns when prices begin to improve.

[Mpamaegbu]

Indeed, I think so. But, it's kind of rare to have capital in times like this. I'm into crypto since years yet by the times like current bloodbath, I tend to be out of money to invest, lol.

That's true, and annoyingly so. No matter how hard we try to reserve capital for such a time, it's never there. I think the reason is because we are always in a hurry to load up at the first sight of dump, thinking that's the bottom. It's so annoying that we don't later have an opportunity to buy in after price keeps dumping. It happened to me in 2017 and 2021 but I found a way around it after that. I now use DCA approach. No matter how tempted I am to buy in at once, I resist the urge. There are some coins I missed buying huge because price reverted from the point of my first purchase in bits. I'm not crying over that. In business, you will some; you lose some.

[_BlackStar]

-snip-

That's true, and annoyingly so. No matter how hard we try to reserve capital for such a time, it's never there. I think the reason is because we are always in a hurry to load up at the first sight of dump, thinking that's the bottom. It's so annoying that we don't later have an opportunity to buy in after price keeps dumping.

But you've found the experience worthwhile because of it - it's what's needed. But to be honest it's very annoying especially when the price drops lower than your first purchase price. Average for lack of experience - plus for not having a second plan or plan B.

It happened to me in 2017 and 2021 but I found a way around it after that. I now use DCA approach. No matter how tempted I am to buy in at once, I resist the urge. There are some coins I missed buying huge because price reverted from the point of my first purchase in bits. I'm not crying over that. In business, you will some; you lose some.

I like the DCA approach - it's definitely much better than a lump sum. DCA is Plan B what I mean - it comes in handy around the clock on highly volatile assets like bitcoin.

[BITCOIN4X]

I like the DCA approach - it's definitely much better than a lump sum. DCA is Plan B what I mean - it comes in handy around the clock on highly volatile assets like bitcoin.

Sometimes DCA is more useful than a lump sum, but sometimes not all at once. I only do DCA if bitcoin is on a downtrend, but if at the same time I truly believe that lump sum is better, then I will ignore DCA. I agree that so far DCA is more useful, but when the bullrun starts, buy the lump sum and hold.

It doesn't matter how you plan your long-term investment, as long as you are a holder, even without DCA you can still expect returns.