CEO Binance: "Dont bet against bitcoins..."

Posted 25 June, 2019

Bitcoin price has soared recently hitting the $11,000 milestone. With the current price rally, the coin broke the resistance level of $11,000 and approached the values of $11,300.

When the market is volatile and the price fluctuates rapidly, many traders, analysts and enthusiasts present a market analysis indicating the following direction of price movement. However, it will be expensive for marginal traders to follow such guide.

Binance CEO Changpeng Zhao tweeted post trying to warn the public against indiscriminate margin trading and financial folly. This instruction indicates consideration of a long-term marginal position at BTC.

We had our first Margin liquidation today. Guess what, it was on a #BTC short.

His statement ends:

Don’t bet against bitcoin, and don’t bet again b…

The final part of the post is particularly controversial and does not reveal the essence. This part of the comment may involve cryptocurrency and its platform - Binance Coin (BNB).

Probably Changpeng Zhao expects support from the community and indicates that his BNB cryptocurrency shows good potential.

Previous story

25 June, 2019 16:13

← Australian crypto holder faces $100,000 tax for $20,000 worth coins

One of the Australian residents has already taken a hit from the effective taxation system in the country that covers cryptocurrency segment. The client of Crypto Tax Australia was forced by the Australian Tax Office (ATO) to pay $100,000 for the crypto assets worth $20,000. As commented the head of the company, ATO’s requirements suppose that taxes are calculated at the price when the money was received

Australian crypto holder faces $100,000 tax for $20,000 worth coins

Next story

25 June, 2019 13:42

JPMorgan Chase: corporate clients to take part in JPM Coin testing →

The American investment holding JPMorgan Chase has reportedly launched trials of its stablecoin known as JPM Coin involving its corporate clients in the process. According to the media reports, the current trials of the product are based on the bank's expectations to receive the required regulatory approval in the future. 

JPMorgan Chase: corporate clients to take part in JPM Coin testing
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