Bad news always brings some good news!

[Mate2237]

Op I have not really getting your point in the thread, yes we all know that Bitcoin is on the rising side. Or are you saying that is it because of the Cz case? At the beginning of this year, there were different prediction on the market so it should not be a surprise for us to see this. And the Cz case was his fault because he was found guilty of the crime and to make the company still or keep running he has to step aside for a new CEO and what he did was good. And now the company is like nothing happened to it. Everything is moving very smoothly.

The hacked of one exchange can not affect the whole market though it will shake the market small but it would not affect it.

[ZAINmalik75]

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.

In my opinion, the resigning of CZ and paying the fine of more than 4 billion dollars to DOJ is not bad news, at least not for us, because we are not paying that money. But if they, by they I mean CZ or Binance, failed to comply with DOJ or failed to comply with the fine imposed then Binance might have to face total seizure which would lead to a big disaster.
I would say, we are saved from big bad news, and they handled a big case greatly even if the market faces a small downtrend but sacrificing less is better than losing more. Even many people made a lot of money by shorting BNB when this news came out. I saw the downtrend of BNB with my own eye when this news came but I did not make any short trade.

But there is no doubt that bad things bring good things also, like after every China ban or opposition of BTC, it emerges better than before. I think BTC likes challenges and wants to test its limits with bad news. Just kidding, it is not BTC that likes to test instead it's the people behind it who are using it and supporting it, adding to the BTC network and market cap, they are the ones facing challenges.

[AmoreJaz]

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.

In my opinion, the resigning of CZ and paying the fine of more than 4 billion dollars to DOJ is not bad news, at least not for us, because we are not paying that money. But if they, by they I mean CZ or Binance, failed to comply with DOJ or failed to comply with the fine imposed then Binance might have to face total seizure which would lead to a big disaster.
I would say, we are saved from big bad news, and they handled a big case greatly even if the market faces a small downtrend but sacrificing less is better than losing more. Even many people made a lot of money by shorting BNB when this news came out. I saw the downtrend of BNB with my own eye when this news came but I did not make any short trade.

But there is no doubt that bad things bring good things also, like after every China ban or opposition of BTC, it emerges better than before. I think BTC likes challenges and wants to test its limits with bad news. Just kidding, it is not BTC that likes to test instead it's the people behind it who are using it and supporting it, adding to the BTC network and market cap, they are the ones facing challenges.

well, the good thing about binance issue is that they are willing to pay for the damages and their leader is not running away from his responsibilities but just running the background scenario. and one more thing, he is not running away because he stole their funds or of that sort. it is just because authorities are finding some loopholes in their business and trying to get a huge amount of money. for sure, if the platform is small, they will just resort to bankruptcy and not pay for the fines. but this is binance and they can afford such amount and move on. showing their seriousness in this business.

[Bananington]

One thing that I have come to know in this life is that there is always a balance between good and bad. Hence, why it is said to alwayydo good. When I have come to encounter troubles, it mostly lats for a day even with gambling losses and trading losses for the little I have indulged in, still, the next day always looks brighter and better than the previous.

The main thing to bear in mind is that bad times never last and even if the night comes, the day must break.

[lalabotax]

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 cannot be denied that after bad news and big FUD, prices will definitely fall first. And after that the price will be pumped back quite significantly. It's like there's a game in it, in this case the whales deliberately used this moment to drop prices. And then after they get enough BTC at a low price, then they try to create good news and then the market will easily pump. And of course the resulting take profits will really have a big influence. This is either just my opinion or it is true that market speculation and market manipulation may indeed sometimes be true. exists.

[taufik123]

BAD news always brings good news.
From the title you choose is clearly wrong, bad news does not ALWAYS bring good news.
In the case of CZ, this is a different case. CZ was only accused by the SEC, and CZ resigned because there was indeed some wrongdoing.

We all know how CZ has been track record so far, so people believe in CZ even though he resigned,
I consider him a real man, so he is willing to give up Binance because of the case.

In contrast to the FTX case and the SBF fraudster, it was really the worst news in the history of the crypto world, and even SBF became a fugitive.

Not all bad news produces BULLRUN, but most good news does produce BULLRUN.

[KiaKia]

I can say that CZ leaving that position is a very bad news for me because I am so much of a fan, but honestly it doesn't shake anything at all, Bitcoin was right where it was when the new broke out, we all thought things will go bad for a while but it doesn't, so I can say with confidence that this whole Binance news isn't a bad one.

But yes it's true that Bad news in crypto space always get followed by good one and I am used to using every bad news to my own advantage, it's a shame that the Binance supposed bad news never affected the market, I was down with some USDT at the time to buy some more Bitcoin.

If you are smart in this space, you should always know that bad news is your entering point to buy more Bitcoin, unless it has no impact on the value of Bitcoin just like how the Binance own played out.

[Dump3er]

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....

As always, the market is unpredictable for the most part, but I think the market has also noticed that huge crashes of exchanges that are a major part of the global infrastructure, don't cause BTC suffering from lasting damages. It is all very temporary and the more often these crashes happened, the less the market reacted to them.

Now the story with Binance is different because that exchange is not any exchange, but the biggest there is in the world. And additionally, it is not only the biggest, but the biggest by far. This could have an impact on the overall sentiment in any industry when the big players faces a potential meltdown. But I think the allegations and settlements were more or less clear in the direction that Binance was not supposed to cease operations. The question is whether they have the liquidity and reserves to pay the penalties.

But assuming that Binance would crash, I doubt that this would have an impact on BTC's price, or put differently, a significant impact. Because it is more like a bank run then. People would not sell their BTC, but try to withdraw it. It would need some time for consolidation in the market until people found a place they think is safe for trading or they take it off market and keep it in their own wallets. But I don't think it would initiate a sell-off. I can't see why that would make sense.

Anyone a different opinion on this in the hypothetical scenario of a Binance meltdown?

[famososMuertos]

I don't believe much in that title, the truth is that in itself, this moment we have is an early launch and with a good green carpet, for what is coming that simple, you always have to justify that sudden "good news of price" with something, and we forget that the organic volatile effect exists,yeah, the same one that in the past led to millionaire percentages of market volume.

So!. Put on your best OP suit, and without fear of walking along this green carpet of Halving prices, perhaps some leading prices will slip on that pre-halving green carpet, but stop and continue. (read the gist of the red carpet metaphor)

[wallet4bitcoin]

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....

Thats because the sad or bad news stirrs up a motivation towards overdrive on the bad news delivered. It is said that the human brain was not designed to accept negativity, so, positivity always dominates and in the affairs of human existence, the mind is to be prioritised over other stuff if one must make progress.

CZ may have been indicted but the blockchain space will and must thrive hence, things are working in conformity.