Another Fud in the market and bitcoin volatility

[Ale88]

Not sure myself if CZ is actually doing something shady with Binance, but isn't this pretty much 2023's version of the China ban — whereas the news sites make it seem like China is actually banning Bitcoin like every two week? Lol.

I totally agree with you. This year literally every couple of weeks there is some bad "news" about Binance and/or CZ, and usually all these "news" are just rumors coming from unidentified sources, full of mistakes and reporting wrong info. It's clear that they try to destabilize the market, maybe some big fund wants to fill their bags at a better price before the ETFs get approved?

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[isaac_clarke22]

I totally agree with you. This year literally every couple of weeks there is some bad "news" about Binance and/or CZ, and usually all these "news" are just rumors coming from unidentified sources, full of mistakes and reporting wrong info. It's clear that they try to destabilize the market, maybe some big fund wants to fill their bags at a better price before the ETFs get approved?

Well this is why I do steer clear of some news articles sometimes whenever I heard some bad attempt to spread FUDs around the internet. The word "considering" is just like to bait the reaction of many people. If I was like a nervous investor, I would be shaken to just the headlines itself, but nah I ain't like that.

This FUDs will continue to just shake people up unless they're really into their hodlings.... just like me and other people that don't care about these attempts.

[KiaKia]

This makes me remember the past bear markets where bad news are released every months, like I am getting tired of all this already, are the government doing all this intentionally to keep crypto price down? Because all this nonsense is looking like manipulation to me, it seems to be intentional, it seems the media is doing all these to cause panic and put fear in the mind of investors, do not be deceived, it's all a big plan.

I won't be surprised if US start supporting crypto in 2024, I've come to think that this country can't be that stupid and watch other countries rushing web3 and stuff and they decide to do nothing but hate crypto? This is real life drama  .

[jossiel]

FUD or not.

It's always been like this that Binance has been hot in the eyes of the US government. So any branch of the US government that tackles with them, expect that it's gonna make the market move again.

I'm not sure if these are intentionals or they've got some proof with these actions and CZ is actually nasty things in the market. I'm wondering and waiting to see if there will be another batch of proofs.

i don't think CZ and the team are just sitting on this potential problem. for sure, they already know how to tackle such issues. they know, they have been a subject of scrutiny for so long already. so high likely that his legal team already did what should be done to face possible legal actions.
they have their own resources, so for me, there should be no problem addressing their potential issues with the authorities. but i don't think CZ will just let the government shutdown his business without a battle.

He's got a lot of plan for sure and he's scattering his money on almost every business that he can invest with and not just on Binance.

Many do admire him and many don't and just don't like him being someone influential on this sphere. But we're also seeing two sides on this one, the government and also a known and rich person that runs a billion dollar business.

[milewilda]

FUD or not.

It's always been like this that Binance has been hot in the eyes of the US government. So any branch of the US government that tackles with them, expect that it's gonna make the market move again.

I'm not sure if these are intentionals or they've got some proof with these actions and CZ is actually nasty things in the market. I'm wondering and waiting to see if there will be another batch of proofs.

i don't think CZ and the team are just sitting on this potential problem. for sure, they already know how to tackle such issues. they know, they have been a subject of scrutiny for so long already. so high likely that his legal team already did what should be done to face possible legal actions.
they have their own resources, so for me, there should be no problem addressing their potential issues with the authorities. but i don't think CZ will just let the government shutdown his business without a battle.

He's got a lot of plan for sure and he's scattering his money on almost every business that he can invest with and not just on Binance.

Many do admire him and many don't and just don't like him being someone influential on this sphere. But we're also seeing two sides on this one, the government and also a known and rich person that runs a billion dollar business.

There's always a fine line about the difference into those people who are running a business which doesnt involved crypto or simply they are really that under government rules and conditions on extreme manner and not

something that we could be able to see on exchange platforms knowing that funds or transactions could really be able to hidden out knowing the true nature of crypto on which anything couldn't really be able to monitored out and this is why its not really that shocking that government would really be liking to get engage on throwing up issues and other possible things that they could possibly be able to throw off as long it would be raising up these things and could stir up things around then they wont really be having doubts on doing so. Its true  that Binance wont really be just simply standing there and would really be just letting things to happen
or what government does really want to happen. When it comes to sentiments and news then these types arent shocking anymore, as been said that government does really like on trying out to touch on everything
and be making issues as they like. If you dont make out some countermeasures then it would really be a total mess up with your business and you would really be facing up a lot of trouble.
CZ wont really be that so dumb on not to do something in this regard.

[coolcoinz]

FUD is a part of the crypto ecosystem and you can't do anything about it, just learn to filter information and not react to it.
Think of yourself as blessed with being aware, being a member of bitcointalk. Imagine that those who sell during a FUD event lose money, but you don't, you ignore this. When Bitcoin fell to 28k, some people had to liquidate their longs, some sold in fear of a real crash, but a day later bitcoin was back to 30k. This is simple market manipulation made to play on your emotions.

[jossiel]

FUD or not.

It's always been like this that Binance has been hot in the eyes of the US government. So any branch of the US government that tackles with them, expect that it's gonna make the market move again.

I'm not sure if these are intentionals or they've got some proof with these actions and CZ is actually nasty things in the market. I'm wondering and waiting to see if there will be another batch of proofs.

i don't think CZ and the team are just sitting on this potential problem. for sure, they already know how to tackle such issues. they know, they have been a subject of scrutiny for so long already. so high likely that his legal team already did what should be done to face possible legal actions.
they have their own resources, so for me, there should be no problem addressing their potential issues with the authorities. but i don't think CZ will just let the government shutdown his business without a battle.

He's got a lot of plan for sure and he's scattering his money on almost every business that he can invest with and not just on Binance.

Many do admire him and many don't and just don't like him being someone influential on this sphere. But we're also seeing two sides on this one, the government and also a known and rich person that runs a billion dollar business.

There's always a fine line about the difference into those people who are running a business which doesnt involved crypto or simply they are really that under government rules and conditions on extreme manner and not

something that we could be able to see on exchange platforms knowing that funds or transactions could really be able to hidden out knowing the true nature of crypto on which anything couldn't really be able to monitored out and this is why its not really that shocking that government would really be liking to get engage on throwing up issues and other possible things that they could possibly be able to throw off as long it would be raising up these things and could stir up things around then they wont really be having doubts on doing so. Its true  that Binance wont really be just simply standing there and would really be just letting things to happen
or what government does really want to happen. When it comes to sentiments and news then these types arent shocking anymore, as been said that government does really like on trying out to touch on everything
and be making issues as they like. If you dont make out some countermeasures then it would really be a total mess up with your business and you would really be facing up a lot of trouble.
CZ wont really be that so dumb on not to do something in this regard.

I agree in all that you've said. He's come into this before and this is not something new that him and his company have to tackle with.

At least for his own sake and interest, he'd protect and will do anything just to keep doing even if it means for the government to keep on doing such news of trying to intervene with his operations.

They do get that a lot and have already came into those situations and manage to at least stay on where they are now.

[teosanru]

Well, i just read this US Government Considering Fraud Charges Against Binance and the market has started to dump again after we saw the recovery last night.

It's strange the we get some bullish news and market pumps and on every bearish news, the dump is expected.



It will be interesting to see the reply of CEO of Binance on this, and any positive statement will again pump the market.

The purpose to write all this is not to get influenced by these news, do not sell your coins in a panic and find such events to accumulate more bitcoin, bitcoin will recover faster than we can imagine.

Binance being accused of anything will be huge for crypto market to be honest. If it were anywhere true, this type of a thing will not just dip the market a bit but will crash it miserably, also I think just pushing charges and proving the charges are two different things and we recently saw that how Ripple came out very clean. So I am don't expect that SEC would be able to find anything big.

[Hypnosis00]

I could say that the government is hunting these big market players and exchanges and Binance if one of their targets. If they are done with this one issue, they'll be making for another issue until such time that the owner will give money to the government in a form of protection. This is really going to happen and we know that the government has been bulgar to such things, money under the table. If you have money to give, they will just skip you but if not, they keep hunting you and never stop.

Well, if ever that was true, then we can expect a dump...this really makes people afraid of adopting Bitcoin.

[Wakate]

I could say that the government is hunting these big market players and exchanges and Binance if one of their targets. If they are done with this one issue, they'll be making for another issue until such time that the owner will give money to the government in a form of protection.
 This is really going to happen and we know that the government has been bulgar to such things, money under the table. If you have money to give, they will just skip you but if not, they keep hunting you and never stop.

Well, if ever that was true, then we can expect a dump...this really makes people afraid of adopting Bitcoin.

Honestly I don't know why this is happening but I think the government has something they are hiding from us which we deserve to know. It does not make sense for the government to be sanctioning an innocent exchange like Binance that had been the number exchange in the Crypto market and the Binance fud had made some curious scared investors to lose there coins because they mistakenly sent there BNB assets to the wrong wallet because of the news they had been hearing.
 Even though Binance is going to be penalized for any misconduct, this should not be huge and not to be accompanied by fud that could affect the whole market.

[Mr.suevie]

FUD is a part of the crypto ecosystem and you can't do anything about it, just learn to filter information and not react to it.
Think of yourself as blessed with being aware, being a member of bitcointalk. Imagine that those who sell during a FUD event lose money, but you don't, you ignore this. When Bitcoin fell to 28k, some people had to liquidate their longs, some sold in fear of a real crash, but a day later bitcoin was back to 30k. This is simple market manipulation made to play on your emotions.

Yes  I myself am truly blessed to be here because the forum today is just like a library house where there are lots books and librarian to guide you of course to your prefer destination. Many people actually sell off their Bitcoin due to the market volatility and sudden dip of price but the few intelligent ones that are aware of the wonderful works that  comes with the dip because thats when you get to opportunity to actually buy some reasonable amount of BTC to your portfolio and it won't can you less.

[serjent05]

FUD is a part of the crypto ecosystem and you can't do anything about it, just learn to filter information and not react to it.
Think of yourself as blessed with being aware, being a member of bitcointalk. Imagine that those who sell during a FUD event lose money, but you don't, you ignore this. When Bitcoin fell to 28k, some people had to liquidate their longs, some sold in fear of a real crash, but a day later bitcoin was back to 30k. This is simple market manipulation made to play on your emotions.

FUD I think is not part of the crypto ecosystem, it is artificially made in order to make the market goes down, it is an attack to the cryptocurrency market.  Any FUD-related actions always die down and never stay.  This is proof that it is not part of the market ecosystem.

Anyway, I believe some organization often creates FUD if they wanted to bring down the price of Bitcoin so that they can accumulate at a lower price.  If someone had noticed, after a massive dump, the Bitcoin market always transitions and gets hyped just to be dumped again by these manipulators.  So I am with you when you say that we should ignore this FUD and have some faith in BTC.

[fuguebtc]

It is a bold move to mainly tied the recent price action solely to Binance. And it is an unfortunate condition that you perceive Binance's CEO can affect the market.

The market prices generally just going sideways, there is no sudden pump or dump, and lastly, it is far from volatile. Neither there isn't any significantly widespread bullish news or bearish news. Many people obsess over what the regulator does to the centralized exchanges, but personally, any such move will prove and affect the longer terms that Bitcoin will stand still and strong without much effect.

Binance and CZ not only have an influence on the market, but also have a significant impact on the crypto market. The market price is moving sideways because this is just unofficial news, I mean nothing serious has happened yet. So the market doesn't react strongly, but if the government really accuses Binance of forcing them to shut down then you'll see what the consequences are.

Bitcoin will always exist and continue to grow in the long term, but in the short term it cannot avoid frenzied dumping if Binance really has the same problem as FTX.

Which is truly a good thing. I would favour Bitcoin to thrive without excessive centralized exchange leading and controlling as a "gateway" of people entering Bitcoin. Whether it will be replaced with another one, a more diverse centralized exchange competition, or the user would favour decentralized exchange. Those are a few possible options. Also, I did not mean to discredit or question CZ influences but rather omit them. Bitcoin is big enough not to be significantly affected by a single person.

I don't think that's going to happen, the growth of bitcoin and the crypto industry wouldn't be as great as it is today without centralized exchanges, although this would make many bitcoiners unhappy but it is true. Centralized exchanges play an important role in the market whether we like it or not. Decentralized exchanges still have a lot of limitations, aside from providing privacy for users, they are nothing better than centralized exchanges. Honestly, if DEXs still can't improve, they will never be able to compete with CEX.

[cryptomaniac_xxx]

I could say that the government is hunting these big market players and exchanges and Binance if one of their targets. If they are done with this one issue, they'll be making for another issue until such time that the owner will give money to the government in a form of protection. This is really going to happen and we know that the government has been bulgar to such things, money under the table. If you have money to give, they will just skip you but if not, they keep hunting you and never stop.

Well, if ever that was true, then we can expect a dump...this really makes people afraid of adopting Bitcoin.

But the thing is that the government can't do anything about it, they can't really stop crypto or bitcoin. They can continue with their witch hunt, but they can't chase everything as the market is too big.

Unless events like FTX collapsing or something similar will put a dent on the market as what we have seen last year. But in this case, SEC vs Binance, it can't also as much but I doubt that that the market will react negatively and putting sell pressures from us.

[vv181]

Binance and CZ not only have an influence on the market, but also have a significant impact on the crypto market. The market price is moving sideways because this is just unofficial news, I mean nothing serious has happened yet. So the market doesn't react strongly, but if the government really accuses Binance of forcing them to shut down then you'll see what the consequences are.

Bitcoin will always exist and continue to grow in the long term, but in the short term it cannot avoid frenzied dumping if Binance really has the same problem as FTX.

Which is truly a good thing. I would favour Bitcoin to thrive without excessive centralized exchange leading and controlling as a "gateway" of people entering Bitcoin. Whether it will be replaced with another one, a more diverse centralized exchange competition, or the user would favour decentralized exchange. Those are a few possible options. Also, I did not mean to discredit or question CZ influences but rather omit them. Bitcoin is big enough not to be significantly affected by a single person.

I don't think that's going to happen, the growth of bitcoin and the crypto industry wouldn't be as great as it is today without centralized exchanges, although this would make many bitcoiners unhappy but it is true. Centralized exchanges play an important role in the market whether we like it or not. Decentralized exchanges still have a lot of limitations, aside from providing privacy for users, they are nothing better than centralized exchanges. Honestly, if DEXs still can't improve, they will never be able to compete with CEX.

Obviously, the conveniences that centralized exchange gives couldn't beat decentralized exchange, currently. Liquidity issues are also a concern. The main point I try to raise is that, ideally, it will be good if cryptocurrency exchange is more diverse in terms of competition. Although, in a certain manner, say the Pareto distribution, will lead only a few and a handful cexs leading the markets. That is why I hope decentralized exchange could thrive and be able to offer solutions. A more direct and P2P approach of people transacting FIAT with crypto, especially bitcoin.

[justdimin]

OP is using terms such as volatility and DUMP.. yet the price for the last 10 days have still remained in the average range of $29k-$29.7k

this is just normal wiggles.. 3% range for 10 days is not volatile, nor dump

This is what we should be caring about. Bitcoin has been stable and just because it was once over 31k, doesn't mean that it keeps dropping even today, a lot of people think that way but that's not the reality and we should not really be worried about it at all. I feel like this should be as common as it gets and I do not think that it would be that easy or difficult at all.

I hope that people could make some changes one way or another, and I hope that it gets to a point where we can say it is a lot easier, but that's just not the case for most situations. I know that it will take a bit of a while, but if we can keep it going for as long as possible then we are going to be fine about it and not going to worry about it at all.

[fuguebtc]

Binance and CZ not only have an influence on the market, but also have a significant impact on the crypto market. The market price is moving sideways because this is just unofficial news, I mean nothing serious has happened yet. So the market doesn't react strongly, but if the government really accuses Binance of forcing them to shut down then you'll see what the consequences are.

Bitcoin will always exist and continue to grow in the long term, but in the short term it cannot avoid frenzied dumping if Binance really has the same problem as FTX.

Which is truly a good thing. I would favour Bitcoin to thrive without excessive centralized exchange leading and controlling as a "gateway" of people entering Bitcoin. Whether it will be replaced with another one, a more diverse centralized exchange competition, or the user would favour decentralized exchange. Those are a few possible options. Also, I did not mean to discredit or question CZ influences but rather omit them. Bitcoin is big enough not to be significantly affected by a single person.

I don't think that's going to happen, the growth of bitcoin and the crypto industry wouldn't be as great as it is today without centralized exchanges, although this would make many bitcoiners unhappy but it is true. Centralized exchanges play an important role in the market whether we like it or not. Decentralized exchanges still have a lot of limitations, aside from providing privacy for users, they are nothing better than centralized exchanges. Honestly, if DEXs still can't improve, they will never be able to compete with CEX.

Obviously, the conveniences that centralized exchange gives couldn't beat decentralized exchange, currently. Liquidity issues are also a concern. The main point I try to raise is that, ideally, it will be good if cryptocurrency exchange is more diverse in terms of competition. Although, in a certain manner, say the Pareto distribution, will lead only a few and a handful cexs leading the markets. That is why I hope decentralized exchange could thrive and be able to offer solutions. A more direct and P2P approach of people transacting FIAT with crypto, especially bitcoin.

If you are talking about diversity to create competition for the benefit of users, I support that idea. But I wonder, I'm not a techie and programmer, but why is it so hard to build a decentralized platform that offers CEX-like features and services? The DEX exchange is not new in the market, it has been around and developed for a while but so far, it has not had too many significant improvements to be able to compete fairly with the CEXs. There are too many limitations and that is the reason why many people look to CEX for its convenience and convenience.

[ultrloa]

I could say that the government is hunting these big market players and exchanges and Binance if one of their targets. If they are done with this one issue, they'll be making for another issue until such time that the owner will give money to the government in a form of protection. This is really going to happen and we know that the government has been bulgar to such things, money under the table. If you have money to give, they will just skip you but if not, they keep hunting you and never stop.

Well, if ever that was true, then we can expect a dump...this really makes people afraid of adopting Bitcoin.

Unless events like FTX collapsing or something similar will put a dent on the market as what we have seen last year. But in this case, SEC vs Binance, it can't also as much but I doubt that that the market will react negatively and putting sell pressures from us.

Maybe temporarily it can create sell pressure knowing that people always react on the fud they read since when they see that there big negative news occur it means a dumping situation will happen. This became a normal thing but as always it became silent when many days pass and that one is good to wait since for sure accumulation stage will happen since mostly we can see a recovery after that. Maybe the same with that case its better for people to relax since we all know how fud end up and the only loser with this scenarios are those people who easily get panic on certain situation.

[Yamifoud]

I could say that the government is hunting these big market players and exchanges and Binance if one of their targets. If they are done with this one issue, they'll be making for another issue until such time that the owner will give money to the government in a form of protection. This is really going to happen and we know that the government has been bulgar to such things, money under the table. If you have money to give, they will just skip you but if not, they keep hunting you and never stop.

Well, if ever that was true, then we can expect a dump...this really makes people afraid of adopting Bitcoin.

Unless events like FTX collapsing or something similar will put a dent on the market as what we have seen last year. But in this case, SEC vs Binance, it can't also as much but I doubt that that the market will react negatively and putting sell pressures from us.

Maybe temporarily it can create sell pressure knowing that people always react on the fud they read since when they see that there big negative news occur it means a dumping situation will happen. This became a normal thing but as always it became silent when many days pass and that one is good to wait since for sure accumulation stage will happen since mostly we can see a recovery after that. Maybe the same with that case its better for people to relax since we all know how fud end up and the only loser with this scenarios are those people who easily get panic on certain situation.

It was not new to us, indeed, it helps to keep the market so volatile. As we more talking about FUDs, panic, and accumulation will there to follow. Honestly, in every FUDs that happened, whales had benefiting a lot while these newbies become a loser of their doings and sell pressure. It was about the time to force ourselves to become strong and ignore the things that happen around because that was not healthy anymore. The more we interact with the news whether it was bad or good, the more it affects our decision-making and emotions.

[Ale88]

If I was like a nervous investor, I would be shaken to just the headlines itself, but nah I ain't like that.

This FUDs will continue to just shake people up unless they're really into their hodlings.... just like me and other people that don't care about these attempts.

The problem is that many people are nervous investors because they don't fully understand bitcoin, so the funds/whales will always take advantage of these people who are willing to sell at loss just because they read some unconfirmed news somewhere on the internet. I find it interesting how people choose to take a loss when we know that sooner or later bitcoin will go up again. But hey, it's their money...