Bad news always brings some good news!

[Questat]

As we all noticed, the market is quite bullish now, we hit $40k and it's already trading above that level.

I said "bad news' because with this recent development involving CZ and Binance, this usually bring some negative sentiment but look what's happening, the market is going on the opposite side and it kees getting bullish.

So this is just my observation, like in the past, about exchange getting hacked, China FUD, etc.. it all resulted to a BULL RUN!

So is this guy? Tell me about your opinion about this....

[Gladitorcomeback]

As we all noticed, the market is quite bullish now, we hit $40k and it's already trading above that level. 

Yes every green candle fill my heart with joy. Yesterday btc hit 44k which is quite bullish pattern. The biggest resistance was 38500 which was hit with strong buying pressure. Now btc is stable above 43k and I hope If it doesn't dump sharply then next target will be 48k.

I said "bad news' because with this recent development involving CZ and Binance, this usually bring some negative sentiment but look what's happening, the market is going on the opposite side and it kees getting bullish.

So this is just my observation, like in the past, about exchange getting hacked, China FUD, etc.. it all resulted to a BULL RUN!

So is this guy? Tell me about your opinion about this....

As far as I know , CZ case doesn't affected market seriously. The reason may be the ETF rumors and other good news. Indeed this news strong btc lover more because they found that Binance shutting down or any bad news about centralized exchange will not affect btc badly. Now investors are putting money without any fear which is positive sign.

[mk4]

The CZ<->Binance thing isn't necessarily bad news anyway. Allegations of Binance allowing money laundering of criminals? And CZ is still a free man and is even Tweeting almost daily? And Binance is still up and running? That's one of the best-case scenarios if you ask me.

[Japinat]

CZ's case was more like a FUD and as we can see the market isn't affected. I think people get used to it already, besides, if Binance will fall, other exchange will certainly benefit, so overall there's not much effect to the market.

It's just time for a bullish market, we have waited for years before it happen, so what's due is due.

Just enjoy the bullish mode!

[Gallar]

As we all noticed, the market is quite bullish now, we hit $40k and it's already trading above that level.

I said "bad news' because with this recent development involving CZ and Binance, this usually bring some negative sentiment but look what's happening, the market is going on the opposite side and it kees getting bullish.

So this is just my observation, like in the past, about exchange getting hacked, China FUD, etc.. it all resulted to a BULL RUN!

So is this guy? Tell me about your opinion about this....

In my personal view, the news circulating recently regarding CZ does not seem to have a big impact on bitcoin investors. Because it seems that today's bitcoin investors are smarter in making choices and stronger mentally. That's why big news doesn't have a big impact on bitcoin investors. On the contrary, the market price of bitcoin actually increased.

So it can be concluded that currently the news about bitcoin does not really affect the price of Bitcoin, let alone cause the price of bitcoin to fall. However, bitcoin investors are currently more focused on the upcoming halving cycle and also on the bull market.

For this reason, whatever negative news comes to the bitcoin realm, bitcoin investors will definitely be increasingly confident that the halving cycle and bull market will not be disturbed by any news.

[Darker45]

There was a question raised recently as to what happens to the Bitcoin market if Binance crumbles. The billions in fine imposed on the exchange, CZ's admission of guilt, his resignation as a CEO, his temporary freedom thanks to millions in bail bond, the sudden withdrawal, and so on are probably the closest to Binance's collapse. Contrary to common view, however, it didn't cause a serious dip in the price of Bitcoin. As a matter of fact, shortly thereafter Bitcoin even reached an annual ATH. This is telling. Binance collapsing might not actually send shock waves to the market. It's not as influential as it may seem.

[gunhell16]

As we all noticed, the market is quite bullish now, we hit $40k and it's already trading above that level.

I said "bad news' because with this recent development involving CZ and Binance, this usually bring some negative sentiment but look what's happening, the market is going on the opposite side and it kees getting bullish.

So this is just my observation, like in the past, about exchange getting hacked, China FUD, etc.. it all resulted to a BULL RUN!

So is this guy? Tell me about your opinion about this....

It's like we're new to something new; this kind of thing always happens; don't say that you don't notice it, because the market is unpredictable. That's why Bitcoin is called a volatile asset, right?

It's just simple logic: a light can't have light without electricity, right? Now the question is: how does electricity work? Shouldn't it, of course, have positives and negatives? It's the same in our lives; obviously, if there is bad news, there is really good news.

[rat03gopoh]

The main highlight is the news of the approval of the Bitcoin ETF filings by Blackrock et al instead of the case involving CZ which did not even affect the performance of its platform. Bitcoin ETFs have created market optimism since the last quarter of the year which marked the start of a new bull run session.

Here's the latest news: https://cointelegraph.com/news/blackrock-100-k-seed-fund-for-bitcoin-etf-sec-filing

[bitzizzix]

It's all just FUD, and as time goes by, Bitcoin continues to grow and develop, and more and more savvy investors are not easily swayed by any news because everyone learns from experience and believes in Bitcoin.
And these things will continue to happen which will not affect investors and will continue to shift their money to Bitcoin, so that they realize that Bitcoin is the best investment especially for the long term whatever the news, unlike before. And the proof is that the CZ and Binance cases do not affect the price of Bitcoin which is currently bullish.

[bluebit25]

Similar to some opinions, I agree that CZ's admission of error is a new beginning for the crypto market, if some parties cannot control the market, they (larger scale ones) will not be able to control the market. Really ready for a new start with the market. And after the recent FUD, we are having an atmosphere of excitement and joy from many people when we see Bitcoin increasingly achieving its goals in 2023, a period of no more than 30 days will end 2023. I'm still expecting a higher price. Regardless of the news surrounding this market, I still remember to be patient with Bitcoin because I understand one thing and we will talk about big targets (new ATH) soon.

[Sebas.tian]

Sometimes bad news bring good news like what is happening in the crypto market today, because many investors has been waiting for this particular amount of Bitcoin to come before they can sell to make profits from their investment and the price of Bitcoin hit $43,832 few minutes ago. I don't think CZ of binance is the reason the price of Bitcoin moved to this stage it is right now, because the formal CEO of binance was found guilty on some money laundering that made him to resigned from the job so that it will not affect their investors negatively.  The good news is that many bitcoiners has started selling their Bitcoin to get some money to celebrate the new year that is coming in few weeks time, and to do other things that will make them not to experience shortage of finances in their family.

[Poker Player]

It is too simplistic to take an isolated event like CZ and Binance and think that alone should have had a negative effect on the price. That bad news is counterbalanced by the approaching halving, the loosening of rate policies or the ever closer approval of a spot ETF in the USA, as rat03gopoh has commented. So that causal relationship that the OP makes of saying bad news (CZ and Binance) bring good news (the price rise) does not hold.

[komisariatku]

The main highlight is the news of the approval of the Bitcoin ETF filings by Blackrock et al instead of the case involving CZ which did not even affect the performance of its platform. Bitcoin ETFs have created market optimism since the last quarter of the year which marked the start of a new bull run session.

Here's the latest news: https://cointelegraph.com/news/blackrock-100-k-seed-fund-for-bitcoin-etf-sec-filing

Yes, I agree that news about Blackrock is more trusted by the market than bad news from CZ, so market sentiment remains good. Apart from that, soon there will be a halving phase which historically always makes Bitcoin touch a new ATH. In my opinion, blackrock and halving news is stronger in the market so the price of bitcoin continues to rise consistently

However, I suspect that there will be a price correction soon, hopefully the current correction will not cause the price of bitcoin to fall below 40k, if so then the price of 50k or 60k will be reached soon. Maybe 

[Publictalk792]

In my point of view this not a big bad news that CZ resigns from his post or he fined by SEC etc.
The big bad news was that if Binance fill bankruptcy. And close the exchange.
But the thing is that the Bitcoin investors have two visions now. First vision is the Bitcoin spot ETF and the second vision is Bitcoin halving. So they are waiting for that and therefore I think the bad news are not doing their jobs.
And the holders never think about these news. They just hold hold and hold. Because they believe in Bitcoin and who believe in Bitcoin so Bitcoin gives more than their expectations.

[YUriy1991]

So is this guy? Tell me about your opinion about this....

They include mainstream experts. Well, bad news is usually always present like now and if there is action, there will always be a reaction that comes in the market and it is true that all the negative news surrounding the digital currency market will empower world coin enthusiasts and demand and prices will arise. I think that's the easiest thing if we want to pay attention to it and it also confirms that there is a real increase in interest.

[Z_MBFM]

As we all noticed, the market is quite bullish now, we hit $40k and it's already trading above that level.

The price of Bitcoin is rising and there are a lot of Bitcoins being traded now. And once a coin starts to rise at a higher rate, investors panic and start investing in it, causing it to rise even faster. And that's what's happening with Bitcoin right now

I said "bad news' because with this recent development involving CZ and Binance, this usually bring some negative sentiment but look what's happening, the market is going on the opposite side and it kees getting bullish. .

Changing the CEO of Binance is nothing bad news. it can be a bad news for BNB Because BNB is a part of Binance but Bitcoin is not any part of Binance Exchange. And this was just news of a CEO change, not news of Binance being scammed.  So this news cannot have a negative effect on Bitcoin. However, BNB has been somewhat stable

[adaseb]

We kinda knew CZ stepping down would be bullish. The market reacted in a positive way when it was announced and deep down we all knew this had to happen to pave way for the spot etf approval.

Binance being so big was never a good thing and most likely would make it difficult to get it approved but now the CME actually has the most open interest and it’s becoming less centralized as to just one exchange.

Similar to what happened when Arthur Haynes stepped down.

[oktana]

I understand the point you’re trying to make but your title is not entirely true. Bad news doesn’t always bring about Good news, sometimes it ruins everything. But yes, with the Bitcoin market, it is a normal thing with volatility that after going down is going up. It may not be immediately but the likelihood is very high. It doesn’t matter if CZ and Binance issue happened or not, it was only a matter of time of time before Bitcoin rose back up. Some news can also make things bad by unnecessarily slowing down the bull run, but obviously, that of CZ and Binance isn’t one of such.

[avikz]

As we all noticed, the market is quite bullish now, we hit $40k and it's already trading above that level.

I said "bad news' because with this recent development involving CZ and Binance, this usually bring some negative sentiment but look what's happening, the market is going on the opposite side and it kees getting bullish.

So this is just my observation, like in the past, about exchange getting hacked, China FUD, etc.. it all resulted to a BULL RUN!

So is this guy? Tell me about your opinion about this....

The current increase in price of Bitcoin has nothing to do with CZ and Binance. It is just an exchange got into a legal battle for allowing criminals to do money laundering. It really isn't that bad. I mean as a bitcoin supporter we always want bad people to stay out of the network.

I believe the current price increase of Bitcoin is happening due to the positivity around approval of ETFs. Blackrock is somewhat close to get the approval, they have got the seed funding. So it has created a FOMO in the market. Every such FOMO is enough to increase the buying volume in the market.

[AVE5]

The spread of negative news against something positive is tantamount to scaring people away along the lines. So it CZ'd story was the outcome of the Bitcoin price impressively hitted to date then do we have to clamour for a more huger bad news all to push the bullish runs to fasten the Bitcoin price? Of course not instead of the negative news brining in good outcomes it brings about bad outcomes because faiths would be lost and doubts would be upon users and the digital currency. I just have to say CZ has nothing t do with this