Quote from: |MINER| on Today at 07:29:00 PM

Quote from: Wiwo on April 29, 2023, 09:34:13 PM

Quote from: |MINER| on April 29, 2023, 07:50:36 PM

Quote from: Sir Legend on April 29, 2023, 01:06:24 PM

Of course this is good news, this will have a better effect and the market will continue to move positively, let's wait to see if the other big case, namely LUNA, will be able to recover again, if LUNA can recover then the market will easily recover even past the previous ATH happening in 2021.

I don't really understand that!!!! Do you think that the current condition of market is only for the Luna and FTX incident ?!
Dude the current situation is not caused by them The market moves at its own flow. The market runs with these two seasons, bearish and bull, and each crisis comes after a certain time. Now it is on his bearish season and the next halving is not so far I think those recovery of the market will also depend on those.

Bitcoin does not rely on such news to make its market movement even though such negative news can affect the price at some point just like what happened around October -November 2022 when the FTX bankruptcy issue happened it affected the price of most coins the entire cryptocurrency market was negatively affected during that time and due to the news.

But now Bitcoin and other potential coins have built a new liquidity that put them in a recovery mode which resulted in what we are seeing in the market today, Bitcoin doesn't depend much on external factors to determine its Price movement most especially when the was previous long bear situation.

I won't gonna disagree with you on that point the FTX bankruptcy and The Luna incident have a potential effects on market but I think those are easily recovered by bitcoin in a short period. If I short my talks then I have to say that bitcoin price can be influenced by the news but it's for a short duration and it also used by short-term traders. And for the long term trading we should think about those season and halving.

In overall it would really be just that independent when it comes into its movement because demand and recognition would be solely be still focused on Bitcoin. If ever it would really be having some dips due to some negative news or events in the market then it would be normal but sooner or later which those dumps and crashes would really be just easily get swallowed by those buyers who are really that eager on buying up on cheaper price which simply means about having that kind of support. This isnt applicable on some altcoins in the market and with that LUNA crash and FTX issue then it did really make out some significant impact
but look at on where we are now? We are playing around 30k as of this moment which is totally showing that we've recovered into that condition on that below 20k price.
Starting up for FTX again after all the issues? For sure they wouldnt really be getting a single support for this one.