When Binance exposed FTX, it's expected that they also faced the same issue because Binance is relatively the same on FTX because they are the same centralized exchange.
Even if both are centralized exchanges, I will like to quote this – Among thieves there's honour. Binance may be a centralized exchange but it could be trying to do right. We have to know that evil doesn't keep mute when being exposed to the world. It fights back. This is what I observe with the so much FUD going on around Binance since CZ Binance lambasted Sam Fried and his scammy FTX exchange. May be more FUD will still come in days to come. 
Topic: Binance lots of FUD (Read 885 times)
Binance are supposed to suffer some attacks considering their role in FTX collapse which gained them some new enemies from inside and outside the industry. I think they expected what is happening with them and are prepared for it. Despite the fact that there is no totally legit exchange in Crypto, but Binance have the experience and the community trust they need to overcome all these attacks, unlike FTX whose arrogant CEO caused losses for thousands of people.
I think it was basically a revenge situation. It could be coming from inside FTX or anyone that has connections to them and to the media at the same time and they are basically doing what should be done in the first place and attacking back to those teams now.But, the reality is that Binance never had any issues and will never have any issues like this, they are a legit company and have always been one and all these rumours about them not being safe is just made up stuff to make us all leave binance and hurt them. I guarantee you that if there was something big going on there we would hear about it no doubt and it would not be just a maybe, it will be all out in the open.
Binance are supposed to suffer some attacks considering their role in FTX collapse which gained them some new enemies from inside and outside the industry. I think they expected what is happening with them and are prepared for it. Despite the fact that there is no totally legit exchange in Crypto, but Binance have the experience and the community trust they need to overcome all these attacks, unlike FTX whose arrogant CEO caused losses for thousands of people.
We are aware that influencers are to blame for this Binance FUD. I anticipate that the FTX probe will turn up several flaws on some of these centralized exchanges. Even if the majority of people believe that CZ is trustworthy and won't misappropriate other people's money, I nevertheless suggest that users only leave a small amount on exchanges.
And it is a MUST. We don't care if the news is true or fake, or any news that creates FUDs, as long as we don't keep a huge amount of money from this exchange (Binance), we are still fine.
I'd see how these FUDs create panic among investors and traders but sometimes we have to ignore it. Binance has been one of the most trusted CEX in the crypto market and thousands of traders are using this (including me), and despite the negative news, I remain trusting this exchange.
Avoiding something that has happened from existing experiences is certainly a very wise thing to do.
i think for now Binance is ok, fud was normal when FTX crashed, so people were blowing cold soup, but everything will be normal. the same thing happened with the bankruptcy of Lehman Brothers in 2008, people thought the banking system was going to collapse, and they went on a bank run.
But we still have to be aware of things that make us lose money. Use your cold money and secure your investment, it has happened with FTX, and nothing is impossible the same thing will happen again.
But we still have to be aware of things that make us lose money. Use your cold money and secure your investment, it has happened with FTX, and nothing is impossible the same thing will happen again.
Binance is one of the three pillars of the cryptocurrency market (along with Coinbase and Tether).
The collapse of Binance will likely lead to a panic among investors and a fall in the price of Bitcoin and other cryptocurrencies.
At the same time, cryptocurrencies have many enemies in the field of traditional finance. In particular, these are the Central Banks, which are now preparing the introduction of Central Bank Digital Currencies (CBDC). Therefore, they are interested in the bankruptcy of Binance.
The US government may believe that the Binance cryptocurrency exchange is associated with the Chinese Communist Party. This makes binance a mortal enemy of the American government.
Also, competitors, especially the cryptocurrency exchange Coinbase, may be interested in the bankruptcy of Binance.
The collapse of Binance will likely lead to a panic among investors and a fall in the price of Bitcoin and other cryptocurrencies.
At the same time, cryptocurrencies have many enemies in the field of traditional finance. In particular, these are the Central Banks, which are now preparing the introduction of Central Bank Digital Currencies (CBDC). Therefore, they are interested in the bankruptcy of Binance.
The US government may believe that the Binance cryptocurrency exchange is associated with the Chinese Communist Party. This makes binance a mortal enemy of the American government.
Also, competitors, especially the cryptocurrency exchange Coinbase, may be interested in the bankruptcy of Binance.
If talking about the biggest, strongest, and dominating force in the market right now is Binance, they are actually dominating the entire market even though they come after coinbase. Although I know binance is not immortal, but it is very unlikely that it will crash this year, I have no guarantee but I am pretty sure it will not crash. The collapse of binance not only caused panic in the market, but it will bring the entire crypto industry back to where it started. Market is still being manipulated, and I believe the big boys will not let these terrible things happen. If they do so, they themselves will no longer have the opportunity to make money because there are no market participants.
I think that it is not FUD, it is security, there are many things that I have not agreed with Binance's behavior, because they are too centralized, and this is what causes me to have more control over people and that is not a good thing, let's train Already the example of FTX, and people no longer want to have their crypto in centralized exchanges because they know that when it is in a centralized exchange things do not go well because the money is no longer the person but the Exhcagene, those things are what People are afraid of losing their money, banks are no longer reliable and neither are Excahgges, I think the safe thing is the same, and the wallets with their private keys.
Well i trust more to Binace's security in the long run then security i can provide for my crypto. I don't have a safe to store my privatekey or have my own guards, i know basic sec op and i am super careful about handling my wallets but if someone really wanted to hack me they probably could. I could store my private key in safe of a bank but that's centralized as well and seems like an extra step for basically same security that binance is build to protect. 
Lots of FUD but better safe than sorry.
How much effort is it really to just cold storage your crypto?
Leaving it on an exchange with warning signs doesn't make any sense now, unnecessary risk.
How much effort is it really to just cold storage your crypto?
Leaving it on an exchange with warning signs doesn't make any sense now, unnecessary risk.
I think that it is not FUD, it is security, there are many things that I have not agreed with Binance's behavior, because they are too centralized, and this is what causes me to have more control over people and that is not a good thing, let's train Already the example of FTX, and people no longer want to have their crypto in centralized exchanges because they know that when it is in a centralized exchange things do not go well because the money is no longer the person but the Exhcagene, those things are what People are afraid of losing their money, banks are no longer reliable and neither are Excahgges, I think the safe thing is the same, and the wallets with their private keys.
Binance is one of the three pillars of the cryptocurrency market (along with Coinbase and Tether).
The collapse of Binance will likely lead to a panic among investors and a fall in the price of Bitcoin and other cryptocurrencies.
At the same time, cryptocurrencies have many enemies in the field of traditional finance. In particular, these are the Central Banks, which are now preparing the introduction of Central Bank Digital Currencies (CBDC). Therefore, they are interested in the bankruptcy of Binance.
The US government may believe that the Binance cryptocurrency exchange is associated with the Chinese Communist Party. This makes binance a mortal enemy of the American government.
Also, competitors, especially the cryptocurrency exchange Coinbase, may be interested in the bankruptcy of Binance.
The collapse of Binance will likely lead to a panic among investors and a fall in the price of Bitcoin and other cryptocurrencies.
At the same time, cryptocurrencies have many enemies in the field of traditional finance. In particular, these are the Central Banks, which are now preparing the introduction of Central Bank Digital Currencies (CBDC). Therefore, they are interested in the bankruptcy of Binance.
The US government may believe that the Binance cryptocurrency exchange is associated with the Chinese Communist Party. This makes binance a mortal enemy of the American government.
Also, competitors, especially the cryptocurrency exchange Coinbase, may be interested in the bankruptcy of Binance.
When a neighbor's house is robbed within the neighborhood there's some possible fear that you might be next in line as a victim. Binance is a centralized exchange just like FTX and as such people using binance have every reasons to build up FUD , it's left to binance executive to clear the air about that through the right channels, cause as a centralized exchange trust is hard to come by from investors as the exchange company is also into business to making profit and losses could be shifted to investors funds.
This is a nice way to put it, even if binance has nothing to fear and everything was in order, it is comprehensible that people are worried about it, especially since the bear market is still long and it is expected that even more exchanges could fall, so people are not taking any risk and they are taking custody of their own coins, however it would be interesting to watch if the FUD currently circulating does become part of the reason why binance eventually fails and becomes a self-fulfilling prophecy. 
Selling now to buy back later at lower price will increase our profits when we sell them back at higher prices.
Selling bitcoin now after price dropped ~75% from the all time high just to buy at lower price seems incredibly risky to me, unless you are pro trader that knows what he is doing. Otherwise, you might just end up selling low and buying high. Many people who do not like Bitcoin and think its scam are telling us to take our coins off of exchanges like Binance because it will be just like the next FTX.
And even if they are wrong about Binance being a next FTX, they are giving you a good advice to move your fund out of there. Purpose of exchanges are to trade your assets and withdraw them to your own non-custodial wallet and not to use it as a bank and unfortunately many use it for exactly that purpose.But there is a difference that Changpeng Zhao is not Sam Bankman-Fried who is a person so many had a bad feeling for and look what happened. I do not keep my coins on the exchanges but I think Binance will be safe if you want to.
This time last year many thought that SBF is genius and FTX will overtake Binance position, and we can see how it ended. While I do think CZ seems like a smart guy, there's so many things that can go wrong and even smart people do stupid things. 
When a neighbor's house is robbed within the neighborhood there's some possible fear that you might be next in line as a victim. Binance is a centralized exchange just like FTX and as such people using binance have every reasons to build up FUD , it's left to binance executive to clear the air about that through the right channels, cause as a centralized exchange trust is hard to come by from investors as the exchange company is also into business to making profit and losses could be shifted to investors funds.
FUDs are good for the market because it gives opportunities to make some quick money.
The FUD against Binance is expected now since FTX has collapsed completely.
FTX is an exchange which had it's roots to other platforms as well which is why the contagion is spreading slowly.
Selling now to buy back later at lower price will increase our profits when we sell them back at higher prices.
Short selling in futures can also gives us some nice profits at times of FUD.
The FUD against Binance is expected now since FTX has collapsed completely.
FTX is an exchange which had it's roots to other platforms as well which is why the contagion is spreading slowly.
Selling now to buy back later at lower price will increase our profits when we sell them back at higher prices.
Short selling in futures can also gives us some nice profits at times of FUD.
If Binance crashes, we'll probably see bitcoin as low as $5k or less, but I'm pretty confident what they're having isn't too big of a deal, just minor troubles for them.
Oh shit, I really didn't expect it. But if it does happen, then I think it's a great opportunity to earn more bitcoins for a long term investment.I also think that it won't be forever that Binance will lead the crypto market as the largest exchange, I mean there will be times when other exchanges will lead their own. Competition is to be expected, but so far Binance has something that really makes it the best.
It's also always possible to have a centralized exchange eventually fail through its own fault. It should be the right mindset about exchanges that people should consider withdrawing their investment funds to their personal wallets.
If Binance crashes, we'll probably see bitcoin as low as $5k or less, but I'm pretty confident what they're having isn't too big of a deal, just minor troubles for them.
Oh shit, I really didn't expect it. But if it does happen, then I think it's a great opportunity to earn more bitcoins for a long term investment.I also think that it won't be forever that Binance will lead the crypto market as the largest exchange, I mean there will be times when other exchanges will lead their own. Competition is to be expected, but so far Binance has something that really makes it the best.
It's also always possible to have a centralized exchange eventually fail through its own fault. It should be the right mindset about exchanges that people should consider withdrawing their investment funds to their personal wallets.
If Binance crashes, we'll probably see bitcoin as low as $5k or less, but I'm pretty confident what they're having isn't too big of a deal, just minor troubles for them.
Oh shit, I really didn't expect it. But if it does happen, then I think it's a great opportunity to earn more bitcoins for a long term investment.I also think that it won't be forever that Binance will lead the crypto market as the largest exchange, I mean there will be times when other exchanges will lead their own. Competition is to be expected, but so far Binance has something that really makes it the best.
It's also always possible to have a centralized exchange eventually fail through its own fault. It should be the right mindset about exchanges that people should consider withdrawing their investment funds to their personal wallets.
Just remember that all this FUD is a great buying opportunity.
I am a great believer in CZ and Binance, obviously, they are guided by strong principles.
In the end, I know Cz and Binance will overcome this planned attack on them. Kevin is the villain in this story and he should be blamed for the FUD.
I am a great believer in CZ and Binance, obviously, they are guided by strong principles.
In the end, I know Cz and Binance will overcome this planned attack on them. Kevin is the villain in this story and he should be blamed for the FUD.
You are free to believe and think whatever you want, but I personally would not trust or believe blindly on an exchange or a person (who happens to be a businessman).
We should not forget that there is always people who think this way of services, until they finally go out of business. You can still find messages of confidence on FTX, Celsius or Blockfi on Reddit and Twitter.
I agree with you, though. I believe the FUD is quite out proportion, but in this ecosystem where each of us are responsible of our money we need to take care of ourselves, since a CEO won't care about us when comes the time to save their own business/wallet.
Just remember that all this FUD is a great buying opportunity.
I am a great believer in CZ and Binance, obviously, they are guided by strong principles.
In the end, I know Cz and Binance will overcome this planned attack on them. Kevin is the villain in this story and he should be blamed for the FUD.
I am a great believer in CZ and Binance, obviously, they are guided by strong principles.
In the end, I know Cz and Binance will overcome this planned attack on them. Kevin is the villain in this story and he should be blamed for the FUD.
This exchange business has gone to a very bad stage in the crypto market. Big players are using various dirty tricks to drive competitors out of the market, which is definitely not positive news for the crypto market. Now that there are records of crypto exchanges collapsing before, crypto traders are becoming more cautious, verifying the rumours, and deciding to withdraw their funds.
No exchange will admit its bad condition until it is finally bankrupt. So we should keep an eye on any rumours, so as not to fall victim to any unexpected situation again.
it all depends on how the community responds to FUD. Binance will of course try to stabilize the existing news because it affects their market.
all at this time can only hope, the community will no longer respond with the existing FUD. so it won't impact the market. if this continues for a long time. something bad could happen to the Binance community. we can only hope things will get better soon.
That's it. Despite the continuous throwing of negative news about Binance, many traders still have the guts and trust to use them. Perhaps, it wasn't new to hear this but I see many people just trying to ignore it, and instead, they focus on what they are doing. The risk is still the same when using other exchanges. What we just have to do is give our trust and remain neutral to what we have heard around as this will stop the rumors and talking negative about Binance. all at this time can only hope, the community will no longer respond with the existing FUD. so it won't impact the market. if this continues for a long time. something bad could happen to the Binance community. we can only hope things will get better soon.
Of course Binance would be involved in the FTX case, but people's fears about a possible catastrophic crypto crash could still be expected to be something that doesn't happen. As the biggest exchange, I think Binance has a way of neutralizing things to be more conducive but, no one knows what will happen to them.
If Binance crashes, that FUD of course will cause a massive crypto market crash and there's no stopping the panic until bitcoin and all other crypto assets lose a lot of value. I didn't expect that, stay positive.
better we think about the positive things that will happen next. This kind of FUD will continue to happen if we ourselves continue to share it. Binance also seems to need to be aware of the various kinds of FUD that are spread by many people, they really have to be ready to fend off all of this FUD. CZ also said that FUD would not last long and that it was only temporary. we will see the market bullish again when the FUD has disappeared and on those occasions, we really should take the plunge to make more profit. Hopefully, this dark incident that happened to FTX will be an important lesson for all centralized exchanges.If Binance crashes, that FUD of course will cause a massive crypto market crash and there's no stopping the panic until bitcoin and all other crypto assets lose a lot of value. I didn't expect that, stay positive.
all at this time can only hope, the community will no longer respond with the existing FUD. so it won't impact the market. if this continues for a long time. something bad could happen to the Binance community. we can only hope things will get better soon.
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