Samadmalik826 (OP)
Copper Member
Newbie
Offline
Activity: 14
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2023, 04:20:39 PM |
|
Hey all, let's chat about what could happen if #Binance faced trouble. Would it shake market confidence and affect $BTC? With Binance's high trading volume, its challenges might lead to caution, causing short-term dips. Traders might shift to other exchanges, influencing prices. Regulatory concerns could escalate, impacting Bitcoin temporarily. While history shows events impact prices, the crypto market is intricate. This isn't about fear, but discussion. Stay informed, diversify, and be ready for anything. Share your respectful insights on whether a Binance issue would truly rattle Bitcoin's price. Remember, this is just speculation, not financial advice
|
|
|
|
hd49728
Legendary
Offline
Activity: 2198
Merit: 1080
Fully Regulated Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2023, 04:23:27 PM |
|
Hey all, let's chat about what could happen if #Binance faced trouble. Would it shake market confidence and affect $BTC?
It will have affect on cryptocurrency market in general and on Bitcoin too. But very fortunately exchanges come and go, Binance is the same and they came here, became a biggest exchange but they can go in future, die or shut down their service. Market can have a short term shock which will do affect all market and Bitcoin trading, price and volume will be affected too but in long term, Binance will be like one piece of history. If Binance goes away, another exchange will replace it as a new biggest one and the cryptocurrency market will keep operating.
|
|
|
|
_act_
Legendary
Offline
Activity: 1008
Merit: 1267
Lightning network is good with small amount of BTC
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2023, 04:27:02 PM |
|
If Binance collapse, bitcoin price would fall, but altcoins will suffer more as their prices will fall more. Binance coin would fall most and significantly and investors will lose significantly. BUSD may likely depeg.
But after bitcoin fall, the price will increase back. Bitcoin does not depend on Binance.
|
|
|
|
Dunamisx
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2023, 04:35:54 PM |
|
let's chat about what could happen if #Binance faced trouble. Something terrible will happen to it users, they will understand why not your keys equals to not your coins, they will have no remedy to reclaim back their assets, while Binance will have nothing to do about it than CZ watching the whole show in his hidden place, users of Binance CEX are in trouble of loosing their entire coins. Would it shake market confidence and affect $BTC? I don't think so since the majority of bitcoin users and whales are not on centralized exchanges, but the news and shock will create a move that can make a little difference on the market considering the worth of asset that will be laid off due to this ugly scenario if it ever happened.
|
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
| ██▄▄██████████▄▄█████████ █▄██████████████▄████████ ███████▀▀▀▀███████▄▄▄▄███ █████████████████████████ █████████████████████████ ████████████▀▀▀▀▀████████ █████████████████████████ █████████████████████████ ████████████▄▄▄▄▄████████ █████████████████████████ █████████████████████████ ███████▄▄▄▄███████▀▀▀▀███ █▀██████████████▀████████ ██▀▀██████████▀▀█████████ | | | I © I |
|
|
|
crwth
Copper Member
Legendary
Offline
Activity: 2884
Merit: 1279
Try Gunbot for a month go to -> https://gunbot.ph
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2023, 04:41:13 PM |
|
Being the number one exchange means a lot and having them begone means a terrible amount of people who are trading to be out of their money and probably will resent everything about cryptocurrency. This has a chance to happen if they are putting their eggs only in one basket.
For sure it will be a collapse for some time but it can recover if someone were to take its place. For sure there are the majority of users of Binance that will find somewhere else, probably with a decentralized exchange now which is getting more popular.
I hope people would get a hang of handling their own BTC.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
Z-tight
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2023, 05:00:02 PM |
|
We have discussed about binance possibly biting the dust so many times, and you should not be worried about BTC should binance bite the dust because Binance doesn't control BTC. The people who are going to face the most troubles are those who hold their funds in binance and the users who hold too many shitcoins.
Binance collapsing means people using the exchange as a bank are going to lose their funds, and many shitcoins are going to collapse out of the market with it, BTC has its many usefulness and this can't affect the network in itself, but because there are so many people using BTC on binance, the price of BTC is going to drop temporarily, so you can buy more coins if that happens. Shitcoin holders and people who don't hold funds in self cusody are the ones that this is going to affect the most if it happens.
|
| | | | | | | ███▄▀██▄▄ ░░▄████▄▀████ ▄▄▄ ░░████▄▄▄▄░░█▀▀ ███ ██████▄▄▀█▌ ░▄░░███▀████ ░▐█░░███░██▄▄ ░░▄▀░████▄▄▄▀█ ░█░▄███▀████ ▐█ ▀▄▄███▀▄██▄ ░░▄██▌░░██▀ ░▐█▀████ ▀██ ░░█▌██████ ▀▀██▄ ░░▀███ | | ▄▄██▀▄███ ▄▄▄████▀▄████▄░░ ▀▀█░░▄▄▄▄████░░ ▐█▀▄▄█████████ ████▀███░░▄░ ▄▄██░███░░█▌░ █▀▄▄▄████░▀▄░░ █▌████▀███▄░█░ ▄██▄▀███▄▄▀ ▀██░░▐██▄░░ ██▀████▀█▌░ ▄██▀▀██████▐█░░ ███▀░░ | | | | |
|
|
|
Zaguru12
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2023, 05:16:20 PM |
|
Hey all, let's chat about what could happen if #Binance faced trouble. Would it shake market confidence and affect $BTC? With Binance's high trading volume, its challenges might lead to caution, causing short-term dips. Traders might shift to other exchanges, influencing prices.
It will definitely affect the entire cryptocurrency space because we can’t deny the fact that most naive people have come through binance to cryptocurrency. Just like what _act_ pointed out, bitcoin will definitely bounce back after it will have face a long period of uncertainty in price but as for Alticoins they are some that will definitely collapse because most of this exchanges are where there are stored so many will lose this coins totally. Also the adoption rate will be affected for a bit because of the name binance has created for itself. The biggest losers will definitely be traders using the exchange. The positive side will be that many people will be looking for new exchanges and That is where the advocation of decentralized exchanges will come into play and probably will grow its adoption. Overall the market will experience almost similar scenario like the Mt Gox collapse
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
Ale88
Legendary
Offline
Activity: 2506
Merit: 2755
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2023, 05:21:13 PM |
|
Hey all, let's chat about what could happen if #Binance faced trouble. Would it shake market confidence and affect $BTC? With Binance's high trading volume, its challenges might lead to caution, causing short-term dips. Traders might shift to other exchanges, influencing prices. Regulatory concerns could escalate, impacting Bitcoin temporarily. While history shows events impact prices, the crypto market is intricate. This isn't about fear, but discussion. Stay informed, diversify, and be ready for anything. Share your respectful insights on whether a Binance issue would truly rattle Bitcoin's price. Remember, this is just speculation, not financial advice
Of course Binance's default would impact the whole crypto market negatively, at the end we're talking about the biggest exchange in the world. At the same time it wouldn't be the first time that some big exchange fails, and probably it wouldn't be the last either, so after a while the price will recover. When FTX failed it's not been as bad as I was expecting to be honest but Binance is another level.
|
|
|
|
livingfree
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2023, 05:23:44 PM |
|
Hey all, let's chat about what could happen if #Binance faced trouble. Would it shake market confidence and affect $BTC? With Binance's high trading volume, its challenges might lead to caution, causing short-term dips. Traders might shift to other exchanges, influencing prices. Regulatory concerns could escalate, impacting Bitcoin temporarily. While history shows events impact prices, the crypto market is intricate. This isn't about fear, but discussion. Stay informed, diversify, and be ready for anything. Share your respectful insights on whether a Binance issue would truly rattle Bitcoin's price. Remember, this is just speculation, not financial advice
Yeah, likely that it will shake the market but the world won't stop for them. That means that it will temporarily going to shake the market but then, once everyone is set and fine again then things are going to come back normally again as it recovers. With those names that's known globally, with some few articles that they release the market moves. How much more with Binance that has billions in liquidity and volume, so definitely that it will affect the market all of a sudden.
|
|
|
|
mk4
Legendary
Offline
Activity: 2870
Merit: 3873
Paldo.io 🤖
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2023, 05:29:06 PM |
|
Bitcoin will end up receiving a couple of punches, but 99.9% of altcoins will receive a brutal beating. After that, it will for sure be another long winter as it would take time for the masses to have trust on bitcoin/crypto again.
One thing's for sure — I surely don't hope for that to happen, but if it does, it would be a god-tier accumulation period. Always make sure you have dry powder.
|
Curated Crypto Airdrop Database
|
|
|
ZAINmalik75
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2023, 05:36:22 PM |
|
Hey all, let's chat about what could happen if Binance faced trouble. Would it shake market confidence and affect $BTC? With Binance's high trading volume, its challenges might lead to caution, causing short-term dips. Traders might shift to other exchanges, influencing prices. Regulatory concerns could escalate, impacting Bitcoin temporarily. While history shows events impact prices, the crypto market is intricate. This isn't about fear, but discussion. Stay informed, diversify, and be ready for anything. Share your respectful insights on whether a Binance issue would truly rattle Bitcoin's price. Remember, this is just speculation, not financial advice
Is there any current issue ongoing with Binance of which I am not aware of? Because IMO there are small cases ongoing with Binance which are not that big enough to worry about because other than this exchange all other consisting exchanges are also facing many cases. And I am also agreed on some of your points that fall of Binance would bring fall of temporary fall in market. As in many of the previous events we have seen that Binance has great impact on the market. So, there is no doubt in your topic. We should not only be aware of the changes happening with Binance but other exchanges too. Because sometimes, hype of one exchange is just a cover for another. I am talking about Houbi exchange.
|
| | . .Duelbits│SPORTS. | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | ███▄██▄███▄█▄▄▄▄██▄▄▄██ ███▄██▀▄█▄▀███▄██████▄█ █▀███▀██▀████▀████▀▀▀██ ██▀ ▀██████████████████ ███▄███████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ▀█████████████████████▀ ▀▀███████████████▀▀ ▀▀▀▀█▀▀▀▀ | | OFFICIAL EUROPEAN BETTING PARTNER OF ASTON VILLA FC | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | 10% CASHBACK 100% MULTICHARGER | │ | | │ |
|
|
|
Samadmalik826 (OP)
Copper Member
Newbie
Offline
Activity: 14
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2023, 05:54:05 PM |
|
Hey all, let's chat about what could happen if #Binance faced trouble. Would it shake market confidence and affect $BTC?
It will have affect on cryptocurrency market in general and on Bitcoin too. But very fortunately exchanges come and go, Binance is the same and they came here, became a biggest exchange but they can go in future, die or shut down their service. Market can have a short term shock which will do affect all market and Bitcoin trading, price and volume will be affected too but in long term, Binance will be like one piece of history. If Binance goes away, another exchange will replace it as a new biggest one and the cryptocurrency market will keep operating. Indeed, a Binance issue might briefly impact the crypto market and Bitcoin. Exchanges change, but the market's resilience ensures continuity. New players can step in, upholding the ecosystem's longevity.
|
|
|
|
avikz
Legendary
Offline
Activity: 3206
Merit: 1524
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2023, 05:56:08 PM |
|
Hey all, let's chat about what could happen if #Binance faced trouble. Would it shake market confidence and affect $BTC? With Binance's high trading volume, its challenges might lead to caution, causing short-term dips. Traders might shift to other exchanges, influencing prices. Regulatory concerns could escalate, impacting Bitcoin temporarily. While history shows events impact prices, the crypto market is intricate. This isn't about fear, but discussion. Stay informed, diversify, and be ready for anything. Share your respectful insights on whether a Binance issue would truly rattle Bitcoin's price. Remember, this is just speculation, not financial advice
It will be disastrous! Binance is the topmost crypto exchange with a daily volume of more than 4 billion dollars. If Binance gets into trouble, the Bitcoin will get into trouble as well. A this trouble will be much bigger than FTX or MTgox trouble. This might pollute the crypto market for next couple of years. Let's just hope and pray that it doesn't happen!
|
|
|
|
ajiz138
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2023, 06:01:49 PM |
|
I searched for news today but didn't find it, maybe this is just our speculation. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) If the Binance exchange that is number one at the moment collapses in the future it will cause a big bloodbath in the market, more whales are there of course more will panic especially those as BNB and BUSD holders this will have a significant impact on a sharp dive and we can imagine if this happens. There will be many casualties as with FTX but I don't think this is happening anytime soon although I am always vigilant and never hold assets on any exchange.
|
| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
|
|
|
Faisal2202
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2023, 06:04:16 PM |
|
Hey all, let's chat about what could happen if #Binance faced trouble. Would it shake market confidence and affect $BTC? With Binance's high trading volume, its challenges might lead to caution, causing short-term dips. Traders might shift to other exchanges, influencing prices. Regulatory concerns could escalate, impacting Bitcoin temporarily. While history shows events impact prices, the crypto market is intricate. This isn't about fear, but discussion. Stay informed, diversify, and be ready for anything. Share your respectful insights on whether a Binance issue would truly rattle Bitcoin's price. Remember, this is just speculation, not financial advice
If Binance faces trouble then market will also face trouble. We have seen many past events in which market was dumped but the news or I should say bad news coming from Binance. For example a recent news of not getting withdrawal from Binance in Europe using SEPA or Euro is also troublesome for the users and one user who was getting replied from a bot then corrected by human support that these deposits and withdrawals are working and will work for 25 September and Binance announced by then they will find an alternative to it. But the point is in the journey and in thus tension many other people stuck and many transaction got struck. AFAIK. If I am wrong then please correct me. But stucking and halting the withdrawals in BTC become a huge headache for the market too. And this is not something new as in May when a huge amount of transactions were halted due to Ordinal problem then at that time Market faces a lot of pressure and due to less demand and more supply price fluctuated highly. And after that the US sued Binance. And that sue case also made market so volatile.
|
|
|
|
Samadmalik826 (OP)
Copper Member
Newbie
Offline
Activity: 14
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2023, 06:05:32 PM |
|
If Binance collapse, bitcoin price would fall, but altcoins will suffer more as their prices will fall more. Binance coin would fall most and significantly and investors will lose significantly. BUSD may likely depeg.
But after bitcoin fall, the price will increase back. Bitcoin does not depend on Binance.
Correct. Binance collapse affects Bitcoin and altcoins, with Binance Coin hit hardest. Bitcoin's independent value often leads to recovery post-crises.
|
|
|
|
Marykeller
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2023, 06:06:42 PM |
|
For us to have a little idea of how the collapse of Binance would be on bitcoin price, let's start with the FXT exchange that collapsed last year, and how the effect was on bitcoin price.
It was learned that during the collapse of the FXT exchange, the crypto market was under pressure because of that, and that got Bitcoin and crypto projects to fall badly because of the FXT collapse. Bitcoin went from $21k - $16k in the following weeks. And all the crypto projects fell by 22% in less than a day.
Having said that, if FXT exchange can have bitcoin fall in price from $21k- $16k, and other crypto projects fall in price by 22%. what now happens if the number one exchange "Binance" collapse? It will be a big catastrophe in the crypto market that the whole world won't stop talking about how bitcoin price fell drastically.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
Z-tight
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2023, 06:08:37 PM |
|
Is there any current issue ongoing with Binance of which I am not aware of? Because IMO there are small cases ongoing with Binance which are not that big enough to worry about because other than this exchange all other consisting exchanges are also facing many cases.
Don't believe funds are SaFu, or that binance is too big to fail and this is only fud, the centralized exchanges and earning and lending platforms that have collapsed in recent events also called everything fud, until they actually collapsed and people who were exposed to them lost a lot of money. I am not saying that i know for sure that Binance will bite the dust, but the people holding their funds there should move it into self custody. Even if Binance isn't going to collapse, not your keys is not your coins.
|
| | | | | | | ███▄▀██▄▄ ░░▄████▄▀████ ▄▄▄ ░░████▄▄▄▄░░█▀▀ ███ ██████▄▄▀█▌ ░▄░░███▀████ ░▐█░░███░██▄▄ ░░▄▀░████▄▄▄▀█ ░█░▄███▀████ ▐█ ▀▄▄███▀▄██▄ ░░▄██▌░░██▀ ░▐█▀████ ▀██ ░░█▌██████ ▀▀██▄ ░░▀███ | | ▄▄██▀▄███ ▄▄▄████▀▄████▄░░ ▀▀█░░▄▄▄▄████░░ ▐█▀▄▄█████████ ████▀███░░▄░ ▄▄██░███░░█▌░ █▀▄▄▄████░▀▄░░ █▌████▀███▄░█░ ▄██▄▀███▄▄▀ ▀██░░▐██▄░░ ██▀████▀█▌░ ▄██▀▀██████▐█░░ ███▀░░ | | | | |
|
|
|
Samadmalik826 (OP)
Copper Member
Newbie
Offline
Activity: 14
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2023, 06:12:39 PM |
|
I searched for news today but didn't find it, maybe this is just our speculation. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) If the Binance exchange that is number one at the moment collapses in the future it will cause a big bloodbath in the market, more whales are there of course more will panic especially those as BNB and BUSD holders this will have a significant impact on a sharp dive and we can imagine if this happens. There will be many casualties as with FTX but I don't think this is happening anytime soon although I am always vigilant and never hold assets on any exchange. You're absolutely right, being cautious and vigilant is crucial. While there's no news confirming the Binance scenario, your analysis is grounded. A potential Binance collapse could indeed lead to market turmoil, especially for BNB and BUSD holders. Prudent to prepare for such scenarios and prioritize security.
|
|
|
|
DeathAngel
Legendary
Offline
Activity: 3220
Merit: 1611
#1 VIP Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 22, 2023, 06:35:51 PM |
|
Long term it wouldn’t even be a blip on the radar but short term a hypothetical binance collapse would be catastrophic for the price. We would see probably the biggest red candle in bitcoin history. Obviously there woupd be lots of willing buyers but short term we would dump hard.
|
|
|
|
|