Quote from: ZAINmalik75 on Today at 08:19:05 PM

Quote from: Questat on Today at 01:48:20 AM

I said "bad news' because with this recent development involving CZ and Binance, this usually bring some negative sentiment but look what's happening, the market is going on the opposite side and it kees getting bullish.

In my opinion, the resigning of CZ and paying the fine of more than 4 billion dollars to DOJ is not bad news, at least not for us, because we are not paying that money. But if they, by they I mean CZ or Binance, failed to comply with DOJ or failed to comply with the fine imposed then Binance might have to face total seizure which would lead to a big disaster.
I would say, we are saved from big bad news, and they handled a big case greatly even if the market faces a small downtrend but sacrificing less is better than losing more. Even many people made a lot of money by shorting BNB when this news came out. I saw the downtrend of BNB with my own eye when this news came but I did not make any short trade.

But there is no doubt that bad things bring good things also, like after every China ban or opposition of BTC, it emerges better than before. I think BTC likes challenges and wants to test its limits with bad news. Just kidding, it is not BTC that likes to test instead it's the people behind it who are using it and supporting it, adding to the BTC network and market cap, they are the ones facing challenges.

well, the good thing about binance issue is that they are willing to pay for the damages and their leader is not running away from his responsibilities but just running the background scenario. and one more thing, he is not running away because he stole their funds or of that sort.