Ninjastic
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Topic
Board Speculation
Re: Bitcoin Price and Binance
by
Psynthax
on 24/05/2019, 03:14:10 UTC
Quote from: SaShiRaJaVu on May 22, 2019, 06:22:10 PM
Quote from: Saf1211 on May 14, 2019, 02:05:56 PM
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?
How come a price increase is triggered by a hack news, check out the past history as we have seen many hacks in the market in our short history and basically whenever there is a hack news, the market tends to come down drastically, but that was not the case with Binance, the market went higher even though the loss was really huge, it shows that the market is not responding to the hack news anymore and binance is not the only exchange in the market  Tongue.
Because binance has very big reserved funds and all of the stolen amount will have recovered using it and that's why investors are still feeling confident with it. Not all of the hacked cases caused the big down instantly. Some of them are still stable. Remember as long as the company will still take all of the responsibility and the price will be fine and nothing happens.
Investors just need clarification and responsibility from that exchange site.