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Topic: Binance is a threat to the crypto space - page 3. (Read 10288 times)

hero member
Activity: 1092
Merit: 501
They are not a threat to the crypto community, because I think that they are the only company that are doing so much to near the mass adoption and to increase the standards of the whole industry. They are doing an awesome job.
Yes these companies are trying to set the foundation of crypto market and there are going to be more and more companies like these in future but they would be for business and not just for ideology. The only threat I see in the crypto market is the hacking think that can happen to any exchange and any wallet. This is something that needs instant great solution.
sr. member
Activity: 840
Merit: 250
I do not believe that Binance is a fraudulent policy. It seems to me that this is a strong policy of an independent project. It is important to understand that they were able to turn the ICO industry.
full member
Activity: 700
Merit: 100
I wouldn't say that. Today, Binance is a trendsetter in the cryptocurrency space. Because They are incredibly productive in their industry.
more precisely the trust of traders and investors on their platform is very large. compared to other exchange platforms. we can see where maybe almost all crypto traders must have binary membership. because there are very busy traded assets there.
sr. member
Activity: 588
Merit: 250
I wouldn't say that. Today, Binance is a trendsetter in the cryptocurrency space. Because They are incredibly productive in their industry.

member
Activity: 350
Merit: 12
I don’t think that the exchange is a threat. I have no doubt in the possibilities of the Binans exchange to manipulate the market, because they have enough resources for this, but do they need it, why should they question their credibility and lose users? Binans remains in the lead as long as users trust this exchange, but if they stumble, a new favorite appears.
full member
Activity: 560
Merit: 101
I don't think that it is a threat to crypto space because it helped a lot of the investors to get into cryptocurrency and they still got their strategies up to make the community better. Even though the hack ruined their reputation a little, getting hacked could also happen to anyone and I am pretty sure that they will solve it. But I would still consider your point on this.
member
Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
As you know Binance is No.1 crypto exchange in the world and most of users are trading on Binance and in future may be Binance will full hold on all market.

Quite understanding mate, the future of Binance look pretty much if someone suggest that it may take the whole stronghold in the world of cryptocurrency. Binace as we know has a good reputation and good customer care service, most traders prefer to trade in Binance than trade in all other exchanges in the crypto-world
member
Activity: 248
Merit: 11
your thread is logistic, as we know Binance is the biggest market for now on cryptocurrency.
so they can make a manipulationg and monopoly market, they can control price of some coin.
but if they do that, maybe Binance will go down and people start to live it.
just my predict.
full member
Activity: 1050
Merit: 102
Cryptocurrency addict | Invest at your own risk.
Luckily binance is the biggest market today because their work is better than others, binance is a big exchange and they show that new projects are not always bad so they believe in good projects and can work with binance through the IEO.
hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
I don't think the best cryptocurrency exchange is a threat. I trust the exchange Binance and try to trade only on it. Basically, I am attracted to trading volumes and a high level of technical security.
I think there are still some countries that consider cryptocurrency as a threat that can make economic conditions and the country's security conditions destroyed because cryptocurrency can be used for illegal transactions without and no one regulates the use of cryptocurrency.
copper member
Activity: 210
Merit: 1
They are not a threat to the crypto community, because I think that they are the only company that are doing so much to near the mass adoption and to increase the standards of the whole industry. They are doing an awesome job.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
Why Binance become a threat to the crypto space,I dont understand what you mean. Is it because of delisting of BSV? I dont think that was enough reason to call Binance a treat the crypto-space doesnt care about this delisting issue it was just a hype created by BSV supporters. Just look the crypto space was thousands of coins and tokens why we should wasting our time arguing this issue we must move on and let the both parties handle it.
It becomes a threat because it turns into a monopoly. a very large amount of money is accumulated on this exchange and it can be dangerous

I don't think binance would do that although they can do that. With the good reputations of them, I think they will be careful to decide something related to the exchanges because there will be a large amount of money that will they hold many traders believe them to take care the money. A wise trader will know if something was wrong and they will leave the exchange before it's too late so they can move their funds into another exchange or another wallet.
copper member
Activity: 280
Merit: 1
The Binance team have paid their dues and I give it to them because they deserve it. So far Binance have reshaped the crypto space and made meaningful impacts, I do not agree they are any threat instead I should say they contributing meaningfully to the crypto space and bringing innovations that will drive this technology, one of their ideas that I find interesting is that of IEO. A lot of exchanges are waking up and copying the Binance initiatives.
full member
Activity: 770
Merit: 100
Oikos.cash | Decentralized Finance on Tron
Why Binance become a threat to the crypto space,I dont understand what you mean. Is it because of delisting of BSV? I dont think that was enough reason to call Binance a treat the crypto-space doesnt care about this delisting issue it was just a hype created by BSV supporters. Just look the crypto space was thousands of coins and tokens why we should wasting our time arguing this issue we must move on and let the both parties handle it.
It becomes a threat because it turns into a monopoly. a very large amount of money is accumulated on this exchange and it can be dangerous
sr. member
Activity: 2436
Merit: 343
I don't think the best cryptocurrency exchange is a threat. I trust the exchange Binance and try to trade only on it. Basically, I am attracted to trading volumes and a high level of technical security.
What they are now, some people are thinking about it badly cause they feel that when Binance gather a lot of funds and support from investors will try to manipulate the system which I've never thought that it will happen. It may be, an opposing idea will be a threat into the community itself rather than of blaming Binance. Why not look inside and find what could be a positive thing to happen.
jr. member
Activity: 278
Merit: 1
simply getting the job done
I don't think the best cryptocurrency exchange is a threat. I trust the exchange Binance and try to trade only on it. Basically, I am attracted to trading volumes and a high level of technical security.
full member
Activity: 1820
Merit: 107
Why Binance become a threat to the crypto space,I dont understand what you mean. Is it because of delisting of BSV? I dont think that was enough reason to call Binance a treat the crypto-space doesnt care about this delisting issue it was just a hype created by BSV supporters. Just look the crypto space was thousands of coins and tokens why we should wasting our time arguing this issue we must move on and let the both parties handle it.
hero member
Activity: 2828
Merit: 611
I don't really think Binance poses threat to crypto space , rather binance has been a pillar to an extent. Everyone will agree with me that Binance revived token sale via IEO, it also boosted the overall market cap couples with the great news and updates.
That pillar word that you used is really the right word to qualify what Binance stands for. If not for Binance, many investors would have gradually been off the market, but because of the idea they came up with which other exchanges are now beginning to buy into now, even though they are not doing well as much as Binance does.

Investors are now encourage to come back to  crowd funding programmers because of the assurance they have that their investment is going into a safe hands and a quality projects through the IEO  platform created by Binance, so many other things Binance has been a savior too. All these people carrying Binance are just envious of them because they are not able to successfully dupe investors again.
hero member
Activity: 1470
Merit: 655
actually if Binance did only one good thing in all this time, that one thing has been delisting of shitcoin called BSV which they should have done a lot earlier. but that is not a reason why they are bad and a threat to crypto space.

the reason for that is the fact that they are advertising scam ICOs with a new name called IEO and getting paid to do so. they are also creating a lot of useless centralized coins with their name in it (including BNB and the new stable coin) which not only centralizes things but also when they run away in the near future it will damage the whole market a lot.
member
Activity: 291
Merit: 20
I love my wife and my little girl
Binance has been a leader of crypto market since its birthday years ago. They have good capacity to build up new products for crypto enthusiasts besides ability to improve current products and make theirs are very different and attractive than others. For now, when Binance has very good supports from their daily volume, any kind of products released on their platform, like margin tradings, will immediately get strong supports from their customers in particular, and crypto community in general.
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