Closely related to the condition of the current decline in coin prices on the market due to the events of binance and the SEC.
People who carry out trading activities are worried that the problems that are currently facing binance continue to be spread.
Buying altcoins wouldn't make me say the right thing to do, but buying Bitcoins in this situation is the right move because Bitcoin has certainty compared to altcoins.
Actually, the scope of the problem is between binance.us and the SEC, while binance.com should not be affected.
But because of the panic situation that made this problem more exposed, some people started to be affected.
US citizens have also sold some of their asset holdings in binance.us due to the dispute with the SEC.
Buying bitcoin during a market crash like this is indeed a good choice, because Bitcoin is the main coin.
Bitcoin will improve in the long run. But make sure you buy at the right price.
The benefit or advantage behind the Binance and SEC dispute is that I feel the Bitcoin following will increase further and the level of trust in centralized exchanges will be even more questionable.
In general the situation is good enough to switch to coins that have certainty.
The coins that have certainty are certainly the top coins and some new users may come in to buy bitcoin at a lower price like now.