Bad news always brings some good news!

[pooya87]

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.

Well that is bad news but for altcoin market not for bitcoin or even bitcoin market because at the end of the day Binance is still a major altcoin trading platform and is mainly used for that. So if anything the news should affect the altcoin market, which it probably won't because altcoins are only pump and dumping and not really reacting to news like this.

On top of that, the community has gotten more ignorant of issues that centralized exchanges face. It may not be a 100% ignoring their shenanigans but for the biggest part it just goes ignored...

[Kelvinid]

People did not feel worried about the Binance issue but instead, they remained calm and trusted the new CEO to run the exchanges with full confidence.
Besides, it was not a big issue for us to think that it would have a huge impact on the market and with the recent pump that we experienced, probably for other reasons and continued accumulation. In fact, after the news about CZ and Binance, the price of Bitcoin never shows corrections but instead, pumps.

I believe that people have already learned how to control their emotions when dealing with bad news, FUDs, etc...they are still positive and keep rolling. 

[PrivacyG]

The Binance situation did not produce much fuss in the Markets because the Exchange is still running, CZ has admitted to the allegations et cetera.  Had Binance been hacked for billions, the Market would of been in a pit of fire for a while again.

It is true that Bull Season typically brings more bad news.  That is mostly because hackers will obviously start targeting Bitcoin more when its value increases.  Why would a hacker not want to target a Currency that is likely going to be worth triple what it is now in a matter of months?

[EarnOnVictor]

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....

You are making mistakes with what you link together here, they don't just relate. Hacking, stealing, China FUD and other bad news including the FTX case are nothing compared with that of Binance. What happened to Binance is happening to many other businesses and nothing bad often happens to the sector they operate. The case of Binance is not the case that the company is being affected badly financially, nothing was stolen, it was a lawful regulator that slapped them with a fine of $4.3B even as the company cooperated with the government entirely. This can't ever cause a commotion with Bitcoin or in the crypto market because Binance is not the owner of Bitcoin and the rest, but BNB which was worse affected by the event, but the effect was still minimal on the token judging by its current price if I must say.

I knew the effect of the fine would be very minimal on the crypto market because aside from the fact that Binance is rich and so capable without affecting the company, the SEC as a responsible regulator will never force Binance to cough out the whole $4.3B fine at once in such a way that will affect the company and its customers' deposit. It might take time as they pay personally and(or) with insurance as the case may be.

[freedomgo]

The Binance situation did not produce much fuss in the Markets because the Exchange is still running, CZ has admitted to the allegations et cetera.  Had Binance been hacked for billions, the Market would of been in a pit of fire for a while again.

I wonder if their SAFU funds would still be able to save the company and would continue its operation.

It is true that Bull Season typically brings more bad news.  That is mostly because hackers will obviously start targeting Bitcoin more when its value increases.  Why would a hacker not want to target a Currency that is likely going to be worth triple what it is now in a matter of months?

Looks like people are getting more matured now, while we may have been seeing the same market cycle ( bear- bull vise versa) it's the minds of the investors are already maturing and they won't easily panic when there's some bad news. Binance may have paid Billions for their violations but there's no indication that they are going down since they are still operating. Just imagine how much they are making on a daily basis, I think they'll be able to recover their losses in no time, and will not make the same mistakes.

[dezoel]

I thought the context of the topic would be different after reading the title. I was thinking more about a piece of bad news like the market going down being good news for people who wish to buy more but it's not what OP said. To be honest, I don't think that the recent pumps and the bullish movements are caused by bad news circulating in the market now and then, and the market barely goes positive if there is real FUD in the market or among the investors and traders.

However, I do believe that the cryptocurrency market is becoming more mature with time, and by that, I mean that we don't see extreme reactions to the news, especially the bad ones, like if an influential person says something negative about Bitcoin, it doesn't leave a negative impact on the market anymore, even if it does, it stays moderate, unlike old times when if a celebrity would say Bitcoin is bad, the whole market would start collapsing all of a sudden.

[kryptqnick]

In general, there are positive sides to negative events, and often negative events are in a mix with positive ones because reality is complex. But as for this situation, I agree with those saying that the Binance lawsuit thing just didn't affect the market much, and it's the positive sentiment regarding bitcoin ETFs that's driving the prices up. It seems that most industry experts believe that the approval is just around the corner. Of course, they know the SEC and the US decision-making climate more than I do, so perhaps they are correct. I'm still not sure about it, but maybe I'm just too pessimistic.

[michellee]

What is happening now is the opposite because the price of Bitcoin is getting stronger. After all, it increases to $44k, although it is down and up again more and more. If these conditions persist, we may see higher prices this month. But we should be patient first because Bitcoin's movement is still unpredictable, whether it wants to go up or even experience a correction.

Hopefully, the bad news about CZ will not be accompanied by other bad news because market conditions are still good. Hopefully, this December will be a moment for Bitcoin prices to strengthen. And we can see that Bitcoin prices can increase to even higher prices.

In the long term, the Bull Run will come sooner or later. We have to wait and if there are still people who want to accumulate, they can continue. But we still advise people not to panic if there is a correction. Stay calm and think about what you have to do.

[Blitzboy]

The way the market works is very strange and contradictory. Usually, events related to Binance make people feel down, but here we are, above $40k! Its clear that Bitcoin is strong and that investors' views are changing. People in the market are picking and choosing what to buy, putting long-term value ahead of short-term news. Bitcoin's trend to go up isnt a fluke; it shows that people believe in its fundamentals. Right now, we have more faith than ever in Bitcoin's promise. People who use Bitcoin are learning to see past the noise and find its worth. Bitcoin is becoming more and more known as a disruptive tool, not just because of its price. Its clear that Bitcoin is here to stay and will only get stronger from now on. Trust this wave and look out to the distance!

[kentrolla]

The controversies surrounding CZ didn't had much impact on crypto market and had very little impact on BNB due to their timely decision of disassociating themselves from CZ and it saved them, yes in the pas as well we have seen market going green post negative news but these two cannot be related as we narrow our vision to just these things without looking at the broader picture of all the other developments which is impacting crypto in a positive way like spot ETF and some big names endorsing Bitcoin etc.

[Kasabus]

Sometimes, its also bad news with bad results, and good news that also end with positive results. But in this case about Binance and CZ, I don't see it more of a bad news because even if Binance will shut down and CZ will step down from his position, the market will still be in profits. Most probably, the market is filled with more positive news and exciting events that makes the market becomes more bullish.

CZ does not control or manipulate the market, so even if Binance and his position will be gone, the market seems not affected at all. Now, let's see who will be the next Binance and steal its market position.

[Mrbluntzy]

AFAIK, binance exchange is one big exchange that many altcoin are trading, the exchange have not been ceased by the government, it have not announced that it will shutdown and it has not also announce the case of hacked. That means the exchange will still continue to exist and it's not a bad news in away for Bitcoin. That first day that it was announced that CZ will step down as the CEO of binance, the price of cryptocurrency dropped but it have all corrected. This is not a bad news for Bitcoin, CZ will only pay for what ever crime he committed and nothing more.

[AnonBitCoiner]

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.

Bitcoin is going with great success and has achieved the highest value of this year therefore it is estimated that the coming Bull run will be full of victories for all bitcoin holders as well as for those who have hold another beneficial coins because the upward movement of bitcoin must have potential effects on other coins. In few days bitcoin proves to be faster growing coin among all other assets therefore all those who have not yet buy bitcoin will regret for lacking of bitcoin in their wallet.

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.

The news about ETF has pushed the bitcoin upward so people have positive thoughts as they know that negative news cannot effect bitcoin at all and if price goes down due to rumors then after a week or month it normalize to give benefit to its costumers. Halving is also a news yet as it is no happen now but as people get familiar with upcoming halving so they are trying to accumulate more bitcoin for taking benefit in future.

[Iamcrypticguy]

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....

CZ news didn't impact the market though. but I get you. Institutions playing on the minds of retailers ahah. Happy to see btc above 40k though.

[criptoevangelista]

We have already gone through the biggest crisis of this last cycle, which was the collapse of LUNA and FTX. The problem with CZ has been going on for some time, so an outcome was expected at any moment. What I see now is market pricing based on the ETF, the United States economy and the natural market cycle.

[Die_empty]

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....

Many people have predicted that Bitcoin will nosedive if anything negative happens to Binance. But the recent attacks on Binance don't affect the market and it might have given investors more confidence that Bitcoin is a viable investment. This might have been the reason why many investors are buying more bitcoins because they perceive that the sector is gradually becoming immune to FUD. So in this case we can assume that a piece of negative news brought a positive impact on the Bitcoin sector.

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

The general expectation that the SEC will approve the spot ETF is the major driver of this price growth. From all indications, the SEC might approve it because they have failed to appeal an unfavourable court judgement and have been having a series of meetings with the spot ETF applicants. If the SEC approves those applications, the price of Bitcoin might keep increasing until the price gets to an All-Time High.

[sokani]

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 price of Bitcoin took a surge following the victory of Milei in Argentina presidential election and two days after, Binance was sanctioned and CZ resigned. I do understand that the market tends to react whenever there's a negative news such as the hacking of exchange, bankruptcy or shutdown. But in this case it's different, and I didn't expect the market to take much hit following the bad news, and I happy it's bullish again, which could be attributed to spot Bitcoin ETF application that's in the offing.

[terrific]

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 something like this that has to happen for the market to thrive. Maybe the conspiracy theorists are right about that these whales have got insiders.
That whenever there are bad news that comes, they're actually buying and it is no longer a secret that they do it for their own and that makes sense.
Instead of we're seeing a bad market, it seems pretty doing good instead.

[flyingcarpet]

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....

I guess bad news has to come before good news comes. We all want Bitcoin to rise and we are happy. We can see a lot of negative news in the crypto market, but the market is not affected by it as much as before. Bitcoin continues on its way and always lives up to expectations.

It is impossible for there to be no bad news in a market. So there will always be bad news and then we will watch the good news come. Bitcoin has always managed to survive negative situations. We should be comfortable about this.

[Marvelman]

CZ and Binance had some bad press lately, but it seems like the market isn't too bothered by it.  Folks are kinda used to crypto drama at this point.  One guy and one exchange don't make that big of waves, you know? If Binance went under, I mean yeah it would suck but other exchanges would pick up the slack and  maybe even come out ahead.  So I don't think it shakes things up too much across crypto as a whole.