August 27, 2024
According to BlockBeats, the CEO of Bitcoin P2P market NoOnes posted that BN has seized all Palestinian users' funds in response to the Israeli Defense Forces (IDF)'s request, and all the above were rejected. Users will receive relevant replies when they appeal, which roughly means that your cryptocurrency wallet is related to funds transferred by terrorist organizations, and property suspected of being used for terrorist activities can be temporarily seized. The authenticity of the news is still uncertain. I hope BN officials will come out to clarify that the funds of users in the entire country have been frozen. I don't think it is true.
However, even if it is only a few accounts, once this behavior is confirmed, the security issues of centralized exchanges will be widely discussed again. Imagine that one day, the funds in BN can be seized or even confiscated on the grounds of suspected involvement in some improper activities or the need to cooperate with the government investigation. How much uncertainty this is. As far as I know, after CZ was imprisoned, many people have become more trusting of BN, and most of their assets are placed in BN financial management and new issuance. If users' assets can be disposed of at will, there will be no sense of security.
In terms of the market, today is a reasonable small correction. The reason why I think it is reasonable is that this wave of pull-up is still in the category of rebound, and the pressure of 65,000 is difficult to break through without any new funds and special benefits. Therefore, I have continuously reminded to continue to reduce positions in the past two days, and I sold the other half of the chips for bottom-fishing. However, I judge that the strength of this wave of correction will not be too large, and it will almost stop at 60,000. Those who reduce positions need to think carefully about how to take back some chips.
If this wave of callbacks to around 60,000 as expected, and the altcoins also have a wave of retracement, I think it is a good opportunity to get on board again. In the past few days, the altcoins have been pulling up very wildly, which is often a signal of concentrated chips. Conversely, it can be inferred that the market has reached a staged low point, and the risk of entering some is not great. Of course, if some altcoins that have risen too much do not pull back to a relatively low price, you should be cautious when buying them. These coins that have pulled up very fiercely are likely to be shipped through pulling up. We should pay more attention to undervalued coins.
Finally, please continue to click on my avatar to vote for me. In the last two days, one vote is worth two votes. I am still in the top 20 now. The last two days are very critical. Thank you everyone.
