Post
Topic
Board Speculation
Re: Bitcoin Price and Binance
by
UNOE
on 16/05/2019, 11:33:27 UTC
How many people think the price increase has been triggered by the fact that Binance has stopped withdrawals?
If so what happens to the price when Binance allows withdrawals again?
Time tell us that nothing significantly happens, because Bitcoin continue doing its thing, in other words continued rally, almost without pullbacks. I do not think that there was any strong correlation between Bitcoin price and Binance withdrawals nor Binance hack (just few percent, at the day when hack was happen). If that was larger hack, if Binance didn't reacted promptly and transparently, it would probably be different.