- Until now, there is still a lot of FUD spreading in binance, one of which is the mainstream media that interviewed him live at a broadcasting company, where the questions seem to want to embarrass CZ in the audience, although the question has a point. to Cz.
Even the other critics who are politicians also let it be known in an interview that binance is to blame for why FTX was closed, even though it is obvious that there was a violation.
But even though the issue facing Binance is big, they know they can handle it and overcome it. Maybe that's normal when a tree bears a lot of fruit so a lot of fruit is thrown.
Topic: Binance lots of FUD - page 4. (Read 873 times)
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.
Most people don't care about cold storage or hardware wallet since they're think Binance has SAFU that will cover all losses just like banks, while actually there's no transparency about Binance's SAFU and it's not cover all the losses. Especially CZ have give misleading information if storing your crypto or Bitcoin on hardware wallet increase the risk of lost it all since people usually forgot about their seed phrase. Although it's partially correct but it's a user fault and they can prevent it if they've learn to safely write their seed phrase on steel plate. 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.
Just to add some spice to the FUD news. Kevin O' Leary also said that Binance put FTX out of business and in addition to that, he wanted to emphasize that Binance is a massive UNREGULATED monopoly right now.
Seems like it will cause a huge impact to the BNB specially to the exchange itself. I am looking forward if there are big news about binance for upcoming days. If there is, I think it's time to get my investments in binance and put it on my cold wallet.
Anyway, here is the link:
https://fb.watch/hs_HqTdanC/
Seems like it will cause a huge impact to the BNB specially to the exchange itself. I am looking forward if there are big news about binance for upcoming days. If there is, I think it's time to get my investments in binance and put it on my cold wallet.
Anyway, here is the link:
https://fb.watch/hs_HqTdanC/
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 don't know if it is FUD or reality . Certainly , in a far west space like crypto , where nothing is regulated it's the perfect place for scammers to do whatever they want . We have seen so many scammers all these years acheving their goals . Maybe CZ is one more of them , time will tell . I hope he won't be one , otherwise people will suffer tremendous losses and it might even destabilize the whole economy . An interesting account to watch on twitter these days is https://twitter.com/DesoGames , i've never heard of this guy so far , but he seems to know what he's talking about .
It is FUD until proof is given out. Another thing someone that is paid by SBF of $15m is pointing the blame of FTX collapse to Binance. I do not know if the statment of this person caries a weight because it is known that this guy has been paid $15m as spokesperson of FTX. I wonder why it is Binance fault that FTX collapse. Binance just wanted to get its money back that is originally their before it is invested to FTX shares. Besides I think it has been a year and half ago and FTX had been spending billions of dollars after that incident.
I don't know if it is FUD or reality . Certainly , in a far west space like crypto , where nothing is regulated it's the perfect place for scammers to do whatever they want . We have seen so many scammers all these years acheving their goals . Maybe CZ is one more of them , time will tell . I hope he won't be one , otherwise people will suffer tremendous losses and it might even destabilize the whole economy . An interesting account to watch on twitter these days is https://twitter.com/DesoGames , i've never heard of this guy so far , but he seems to know what he's talking about .
^If this will happen, there are a lot of people or traders who will cry, and the whole crypto industry image will destroy because that is a scam and sure BTC price will also be affected. There is a lot of humor that I heard about CZ and yes, possibly of a scam, but this accusation which I don't believe until when there is Binance successfully operates in this crypto market field. I don't know either if this is a FUD or a reality, look at people get panic about what CZ said, and now they start moving their BTC into the noncustodial wallet, and CZ pointed it out to the Trustwallet which I don't trust. However, this fear of the people has a good outcome for us, because we learn to hold our coins under our custody and not use a third-party exchange.
snip
As much as I'd like to disagree, you're right. FUD or not, it practically costs nothing to withdraw money to a non-custodial wallet. The risk of anything happening is far greater than the cost of the transaction. I honestly don't understand where all this FUD regarding Binance is coming from; I also read FUD regarding a Tether crash, but nothing has happened. I understand that people are a lot more frustrated and worried after the FTX bankruptcy, but I honestly believe that Binance is unlikely to have the same fate. Cryptocurrencies will take a massive hit if Binance crashes, and nothing will ever be the same again.I am not claiming that Binance will never crash, but I also want to say that FTX crashing doesn't mean binance will crash too. The collapse of Mt.gox does not mean that coinbase or bitfinex, the exchanges that were born at the same time as Mt.gox, will also collapse.
Recently, withdrawals on Binance were at a record high, but everything went very smoothly and no investors had problems, so it can be said that this is a pretty dirty FUD from Binance's competitors.
I don't leave money on Binance, but I don't believe that Binance will be in trouble at this point, they are doing a great job as the top exchange in the market. Many people say FTX is the 2nd largest exchange, but I never used it until it died.
I don't know if it is FUD or reality . Certainly , in a far west space like crypto , where nothing is regulated it's the perfect place for scammers to do whatever they want . We have seen so many scammers all these years acheving their goals . Maybe CZ is one more of them , time will tell . I hope he won't be one , otherwise people will suffer tremendous losses and it might even destabilize the whole economy . An interesting account to watch on twitter these days is https://twitter.com/DesoGames , i've never heard of this guy so far , but he seems to know what he's talking about .
after FTX collapsed, FUD news for certain markets (including binance) seems to be trending right now.
because after FTX bankruptcy some people no longer trust centralized exchanges and those who are skeptical will always spread bad news about some big market.
for me this is something natural. because the loss of faith in a centralized exchange will remain in memory for a long time and those who suffer heavy losses will go crazy and can become a factor in the spread of FUD for binance.
because after FTX bankruptcy some people no longer trust centralized exchanges and those who are skeptical will always spread bad news about some big market.
for me this is something natural. because the loss of faith in a centralized exchange will remain in memory for a long time and those who suffer heavy losses will go crazy and can become a factor in the spread of FUD for binance.
Binance was been target with fuds over the years and not surprising to see another one like this because maybe some organization just got worried about if it will go the same with FTX which stole a lot of money from its user. Also normal to get more fuds as this exchange is so successful so I guess there are just people want to destroy or just trying to see if what they do can affect peoples decision towards their trades.
after FTX collapsed, FUD news for certain markets (including binance) seems to be trending right now.
because after FTX bankruptcy some people no longer trust centralized exchanges and those who are skeptical will always spread bad news about some big market.
for me this is something natural. because the loss of faith in a centralized exchange will remain in memory for a long time and those who suffer heavy losses will go crazy and can become a factor in the spread of FUD for binance.
because after FTX bankruptcy some people no longer trust centralized exchanges and those who are skeptical will always spread bad news about some big market.
for me this is something natural. because the loss of faith in a centralized exchange will remain in memory for a long time and those who suffer heavy losses will go crazy and can become a factor in the spread of FUD for binance.
snip
As much as I'd like to disagree, you're right. FUD or not, it practically costs nothing to withdraw money to a non-custodial wallet. The risk of anything happening is far greater than the cost of the transaction. I honestly don't understand where all this FUD regarding Binance is coming from; I also read FUD regarding a Tether crash, but nothing has happened. I understand that people are a lot more frustrated and worried after the FTX bankruptcy, but I honestly believe that Binance is unlikely to have the same fate. Cryptocurrencies will take a massive hit if Binance crashes, and nothing will ever be the same again.I am not claiming that Binance will never crash, but I also want to say that FTX crashing doesn't mean binance will crash too. The collapse of Mt.gox does not mean that coinbase or bitfinex, the exchanges that were born at the same time as Mt.gox, will also collapse.
Recently, withdrawals on Binance were at a record high, but everything went very smoothly and no investors had problems, so it can be said that this is a pretty dirty FUD from Binance's competitors.
I don't leave money on Binance, but I don't believe that Binance will be in trouble at this point, they are doing a great job as the top exchange in the market. Many people say FTX is the 2nd largest exchange, but I never used it until it died.
FUD(s) are just rumors if they don't have proofs, and don't store your money in an exchange no matter what, especially when you're in doubt, simple as that. Binance is a good exchanger, I must say that, but it is important to always know how much you're willing to risk by trusting them on your funds, because everything might gone wrong, that's why don't get too comfy about your funds are safe in any exchange, because it's not.
FUD is an abbreviation of Fear - Uncertainty - Doubt. It can be a real news or a fake news but if that news can cause either fear, uncertainty, doubt in news receivers, it's fud.Binance have very large storage of stable coins, a largest part, among all cryptocurrency exchanges at this moment. Their storage including customer money, is very bigger than other exchanges. Any problem with Binance treasury will cause a super terrible collapse of not only Binance, but also all cryptocurrency market.
From Binance audit, it seems they are fine regardless of their audit report was cooked which I don't believe they and Mazars did it.
FUDs are sometimes created to ruin someone who has a good market reputation but sometimes also this will help us to assess if that exchange(s) can really be trusted or not.
https://beincrypto.com/binance-failure-would-cripple-crypto-industry-but-users-back-cz-despite-fud/
FUD(s) are just rumors if they don't have proofs, and don't store your money in an exchange no matter what, especially when you're in doubt, simple as that. Binance is a good exchanger, I must say that, but it is important to always know how much you're willing to risk by trusting them on your funds, because everything might gone wrong, that's why don't get too comfy about your funds are safe in any exchange, because it's not.
FUD is an abbreviation of Fear - Uncertainty - Doubt. It can be a real news or a fake news but if that news can cause either fear, uncertainty, doubt in news receivers, it's fud.Binance have very large storage of stable coins, a largest part, among all cryptocurrency exchanges at this moment. Their storage including customer money, is very bigger than other exchanges. Any problem with Binance treasury will cause a super terrible collapse of not only Binance, but also all cryptocurrency market.
From Binance audit, it seems they are fine regardless of their audit report was cooked which I don't believe they and Mazars did it.
FUD(s) are just rumors if they don't have proofs, and don't store your money in an exchange no matter what, especially when you're in doubt, simple as that. Binance is a good exchanger, I must say that, but it is important to always know how much you're willing to risk by trusting them on your funds, because everything might gone wrong, that's why don't get too comfy about your funds are safe in any exchange, because it's not.
So far everything has worked out great. I've seen many times what happens when people leave the failing exchange. They close withdrawals because "maintenance". Causing people to panic even more. So i think binance has handled this fine. However If binance goes down, everything goes down with It.
I've seen this in the past and it's unavoidable since it's the bearish trend when everything seems so down all you have to do is do the opposite of what the others been doing. Binance has a lot of altcoins/tokens and most of their coins are subject of pump and dump coins and which is not focused for long term investment. It's normal to see such dumping since investors are trying to save their investment to sell whatever they can if the price is dropping.
I really don't expext so much FUD is kw spreading not only to the shit projects. But the main targget of the FUD is the top and big platform. Ut was FTX and bow it is Binance. I don't know what will happen to the centralized exchanges if a top exchange like Binance is also crashing
The market will realize that DEX are more safe compare to CEX, and with this FUD issues of Binance they should handle this professionally and act right now before its too late. Binance have to prove that this is just a FUD to avoid panic. Many are attacking CEX because of what happened to FTX or maybe they really see something bad on the current system of Binance, hard to know this one. So, this is another Fud that the critics just magnified. What do you think?
Let me quote myself:
Quote
Terra was FUD, Celsius was FUD, FTX was FUD, let's go back to 2013 and there were people saying MtGox being insolvent is FUD!
As for Justin Sun and his supposed 100 million deposit, just lol. Remember this?
Without Details, Tron's Justin Sun Says He's 'Putting Together Solution' for FTX
Quote
Nov 10
My team has been working around the clock to avert further deterioration. I have faith that the situation is manageable following the wholistic approach together with our partners. Stay tuned #TRON @FTX_Official 🔥!
My team has been working around the clock to avert further deterioration. I have faith that the situation is manageable following the wholistic approach together with our partners. Stay tuned #TRON @FTX_Official 🔥!
So, you have faith in the guy that said he has faith the situation at FTX was manageable?
Then label me an unfaithful infidel!
What can cost you to pull your assets out of Binance if nothing happens? 5$!
What will it cost you if you don't withdraw and the FUD is not FUD at all? Everything!
Not so hard to choose, isn't it?
The whole thing about Bitcoin is to be your own bank, not CZ's boot licker.
Well, it all started since the beginning and everyone in this industry is here to earn money, lots of money.
There's nothing wrong in doing that and even admitting it, what matters is how they do it. Let's say what you think is true ATM, and it's all FUD, then it's all good.
What will happen when it turns out to be truth? It'll be a nightmare for almost all of us because after the FTX shit, we all got our eyes stuck on Binance because we thought that their PoR thing is about to bring some transparency, still there are some disputes rising about their facts and figures that CZ has produced in public. Don't blindly trust any exchange and only keep that much money over there which you can afford to lose. We used to say this for any gambling or other niche websites where there are chances of either the owners taking away your money and scam you for no reasons, be it account blocks or something else. But now, I believe that this statement belongs to exchanges as well.
There's nothing wrong in doing that and even admitting it, what matters is how they do it. Let's say what you think is true ATM, and it's all FUD, then it's all good.
What will happen when it turns out to be truth? It'll be a nightmare for almost all of us because after the FTX shit, we all got our eyes stuck on Binance because we thought that their PoR thing is about to bring some transparency, still there are some disputes rising about their facts and figures that CZ has produced in public. Don't blindly trust any exchange and only keep that much money over there which you can afford to lose. We used to say this for any gambling or other niche websites where there are chances of either the owners taking away your money and scam you for no reasons, be it account blocks or something else. But now, I believe that this statement belongs to exchanges as well.
I really don't expext so much FUD is kw spreading not only to the shit projects. But the main targget of the FUD is the top and big platform. Ut was FTX and bow it is Binance. I don't know what will happen to the centralized exchanges if a top exchange like Binance is also crashing
Well they started the fire that trigger people to withdraw their assets on exchange, they exposed FTX, and they also exposed Coinbase doing so what people expect is that they are the same because they are the same in a business. The competition of these centralized exchanges was still going on and now they are affected by what they are doing. This FUD that the made is a good advantage to the people, they are now realized that leaving their assets in a centralized exchange is very danger so they are rushing to pull them out of the centralized exchange. Jump to: