Thursday, January 21, 2021
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Binance CEO Changpeng Zhao: ‘Slap yourself if you sold Bitcoin Under $10,000’

by firstcryptonews
August 10, 2019
in Market Updates
Binance CEO Changpeng Zhao: ‘Slap yourself if you sold Bitcoin Under $10,000’

A moment of silence for those who thought the $10K mark was now a major resistant point. Even worse, Binance CEO, CZ expects them to go through some self-inflicted pain.

It all began on August 1, 2019, when Changpeng Zhao, CEO of Binance cryptocurrency exchange said anyone who had been naive enough to sell their Bitcoin while it traded under $10,000 needs to slap themselves as a reminder for next time.

A Slap for Those Who Sold Bitcoin Under $10,000
According to Changpeng Zhao (CZ), if you had sold your Bitcoin while it traded below $10,000, then you definitely deserve a slap. However, that slap needs to come from your own hands as a reminder for next time. CZ’s words could imply that whoever had sold at that price level made a very bad call.

On the other hand, there was an uproar in the crypto community given that the tweet has since gotten over 2,000 retweets. Those who commented showed mixed reactions. A user, for instance, said CZ’s tweet is bearish because it means Bitcoin will someday dump below $10,000 again. However, another opined that there will never be a next time where Bitcoin trades under $10,000.

User Says CZ Needs a Slap for Banning U.S. Customers from Binance
While the argument was ongoing, a fresh controversy was begun by a crypto user who said Binance’s CEO also needs to slap himself. According to the user, the slap is well-deserved because CZ banned U.S. customers from using Binance when in actuality, customers in the U.S. account for the most volume of users on the digital currency exchange.

As a response, CZ said the user had misunderstood the situation because the decision was not up to the exchange to make. Back in June when Binance had publicized that U.S. customers will be unable to trade its platform starting from September 12, 2019, it claimed that it was in a bid to “comply with global compliance requirements.”

Community’s Anxiety for an Altcoin Season
These aside, a greater percentage of respondents were more interested in the altcoin season. Some opined that those holding altcoins instead of Bitcoin needs a slap. On the contrary, others noted that it was high time for the season to begin given that these assets have declined significantly while Bitcoin has been rallying all along.

Generally, CZ has shown high-level interest in Bitcoin of late. On July 20, 2019, he asked the community when they think Bitcoin will revisit its all-time high of $20,000. Respondents at the time opined that it could be between August to December 2019. Others said it could take as long as 2020 even though it’ll be before Bitcoin’s halving in May 2020.

Bitcoin, the asset in question is trading around $10,500 as at press time. Its price is a significant increment from the $9,600 it was priced at about 48 hours ago. At the moment, speculation is ongoing if it surges to $11,000, it may begin another rally which could possibly land it at $16,000 and then it’s an all-time high.

Related Posts

Bitcoin (BTC) Bounces Back Above $9,000; Is Another Pre-Halving Rally Underway?

Crypto Wall Street: Goldman Sachs to underwrite Coinbase IPO while JPMorgan says Bitcoin “overbought”

by firstcryptonews
December 23, 2020
0

Wall Street is coming for crypto and how. The two US banks have previously contended against the growth of cryptocurrencies...

Bullish Signal: South Korean Parliament Passes Law That Fully Legalizes Cryptocurrency Holding And Trading

Angel investor says crypto DeFi is one of the best “frontiers” in Silicon Valley today

by firstcryptonews
December 23, 2020
0

The decentralized finance (DeFi) space has seen extreme growth this year, as evidenced by the $15 billion worth of capital...

etoro

eToro Rolls Out Staking-as-a-Service for Cardano and Tron

by firstcryptonews
October 8, 2020
0

Crypto brokerage firms are charging into the cryptocurrency staking scene. More and more cryptocurrency companies are beginning to offer staking...

Ethereum-Based DeFi Token YFI Surpasses The Price Of Bitcoin To Become The World’s Most Expensive Crypto-Asset

Ethereum-Based DeFi Token YFI Surpasses The Price Of Bitcoin To Become The World’s Most Expensive Crypto-Asset

by firstcryptonews
August 21, 2020
0

yEarn Finance token YFI has supplanted the price of the king of cryptocurrencies to become the world’s most valuable asset....

The first exchange-traded crypto product will be listed on XETRA

The first exchange-traded crypto product will be listed on XETRA

by firstcryptonews
July 2, 2020
0

The London-based ETC Group plans to offer the first exchange-traded crypto product on the German stock exchange XETRA – the...

Bitcoin (BTC) Bounces Back Above $9,000; Is Another Pre-Halving Rally Underway?

Bitcoin (BTC) Bounces Back Above $9,000; Is Another Pre-Halving Rally Underway?

by firstcryptonews
March 7, 2020
0

After attempting to reclaim the $9,000 level a couple of times with no success, the bulls finally gained enough momentum...

Next Post
Bitcoin Surges On As Technical Indicators Show Its Approaching Overbought Zone

Bitcoin Surges On As Technical Indicators Show Its Approaching Overbought Zone

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Coinbase to Advance Expansion Plan with Support for Eight New Digital Assets

Coinbase to Advance Expansion Plan with Support for Eight New Digital Assets

1 year ago
Bitcoin (BTC) Bounces Back Above $9,000; Is Another Pre-Halving Rally Underway?

Bitcoin (BTC) Bounces Back Above $9,000; Is Another Pre-Halving Rally Underway?

11 months ago
After A Frightening Correction Bitcoin (BTC) Bounces Back To Nudge At The $8,000 Position

After A Frightening Correction Bitcoin (BTC) Bounces Back To Nudge At The $8,000 Position

2 years ago
Despite $1.2B Valuation, Ethereum Co-Founder’s Polkadot Project Could Be Having Troubles

Despite $1.2B Valuation, Ethereum Co-Founder’s Polkadot Project Could Be Having Troubles

2 years ago
American Telco Giant AT&T Starts Accepting Crypto Payments

American Telco Giant AT&T Starts Accepting Crypto Payments

2 years ago
What benefits does Megaltr.com offer over Traditional Lottery ?

What benefits does Megaltr.com offer over Traditional Lottery ?

11 months ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

This publicly listed company just bought $2 million worth of Bitcoin for its treasury

This publicly listed company just bought $2 million worth of Bitcoin for its treasury

December 30, 2020

Recent News

Russian Central Bank Wants to Cap Bitcoin Buying at USD 7,800 a Year

Russian Central Bank Wants to Cap Bitcoin Buying at USD 7,800 a Year

October 14, 2020

Press Release

dao maker

Announcing the Completion of the DAO Maker DYCO on Gate.io Exchange

January 20, 2021

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News