Quote from: Sethrey on June 15, 2023, 09:16:40 AM

People will sell in any case. These days for many people their crypto saving are the only money they can use. Or speaking about the sanctioned counties, they may have problems withdrawing funds from their credit card, which banks are sanctioned. That's why the situation on the market is so unstable.

Yes. I understand this condition. Especially when squeezed and For many people, their crypto savings have been the only funds they can access, making it critical for them to liquidate when needed especially in the case of sanctioned countries, withdrawing funds from credit cards can pose a significant challenge due to banking restrictions.

Quote from: Republikcoin.com on Today at 04:16:35 AM

It seems that it only happened temporarily because today I have seen a fairly stable market again with a fairly good increase in the market, especially the Bitcoin price which has returned to $29K again today. And I think this is evidence that most people already have other solutions to withdraw their money so they don't have to rely solely on the bank. In addition, the bank that is subject to sanctions will also not remain silent if they still want to run their bank for a long time so that they will quickly solve their problems wisely.

Yes. BTC proves it, Bitcoin's current high of 29k is heartening, especially given the lack of resistance so far. However, it is important to recognize the dynamic nature of the cryptocurrency market and the potential for market conditions to change rapidly. I think it's necessary to monitor and stay open to potential changes in trajectory.

Regarding sanctioned banks, it is important here to consider and keep in mind the complex geopolitical and financial system factors that may affect their ability to solve problems quickly. While there may be hopes for a speedy completion, the reality is that this process can often be prolonged due to various external factors.