Post
Topic
Board Economics
Re: Binance crisis - how will it affect the crypto market?
by
Etranger
on 27/06/2023, 13:09:53 UTC
This is only a personal opinion. The scenario must be like this before the halving, so that the price tends to be corrected sideways, until after the halving then it will rally like crazy. Smart investors will see this as an opportunity that will not be obtained again in the next few months. You definitely have to be vigilant, but excessive fear can actually be an obstacle to your investment success!

It is quite clear that the SEC vs Binance case can also be considered as FUD which can impact the market. In the previous half, Covid was FUD which also had an impact on bitcoin capitalization, and if people realize that then they'll be pretty optimistic about hold their asset in long term.

The troubles with the SEC and Binance may not be over, but they just seem more in control than before. Binance is not running from prosecution, they are defending themselves with what they have. Maybe it would be good if everyone believed that it was just FUD going on for a while, and after that the market would move up.

As far as I see, the Market has already moved up and one of the reasons for that is binance and SEC situation. I would say it turned out to be more about FOMO than FUD, because binance has shown strength against accusations and it added more confidence for investors, who found another reason to join the market.