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
Topic: Binance lots of FUD - page 5. (Read 885 times)
Binance is centralized and that's why many are starting to panic when there's bad news about them. What if before the bad news Binance starts to halt withdrawals? Well, that's the real thing but so far, this is just to make a FUD and if the thing is real, Binance will handle it for sure...
It looks like Binanse did an excellent job with the test, ensuring uninterrupted withdrawal on customer demand, which was a consequence of FUD. And after this FUD disappears completely, Binance will receive even more traders and, accordingly, even more funds that will be transferred from other cryptocurrency exchanges.
But still, this has normally happened and it will still be good as it is again because they'll just have to cater the customers demand, whether they're deposits or withdrawals.
I don't think there's anything wrong with people withdrawing their funds from Binance, it's something that should've been done much earlier on imo, FTX just painted it in a bolder color. I reckon as long as Binance is pretty honest with what it does and the funds are obviously used to what they're supposed to be used for (and not for), they should be fine in the long term. That is unless someone finds some solid evidence of something wrong, like in the case of FTX, then you can probably expect a big impact on the scene, considering how big Binance is as an exchange.
It's not wrong to withdraw a fund out of binance or any other exchanges because people don't came in crypto for nothing but they invest to earn. Even if it's not a bull season, we are now in crisis and people might need money so they will still sell.Despite the connection of Binance to FTX many people still use this platform but I'm sure they are not much careful. It really changes a lot and FUDs are certainly winning this time but I don't think Binance will collapse just for this.
I don't think there's anything wrong with people withdrawing their funds from Binance, it's something that should've been done much earlier on imo, FTX just painted it in a bolder color. I reckon as long as Binance is pretty honest with what it does and the funds are obviously used to what they're supposed to be used for (and not for), they should be fine in the long term. That is unless someone finds some solid evidence of something wrong, like in the case of FTX, then you can probably expect a big impact on the scene, considering how big Binance is as an exchange.
It's not wrong to withdraw a fund out of binance or any other exchanges because people don't came in crypto for nothing but they invest to earn. Even if it's not a bull season, we are now in crisis and people might need money so they will still sell.For those who don't need money, storing some money in trusted a exchange like binance are still fine but they should always be vigilant and always track the platform so that they can do an immediate action before the worse has yet to come. We shouldn't be affected on what we hear on the news because not all of them are true but some them are only a FUD, trying to scare the people more and tries to destroy the reputation of other innocent exchanges.
Withdrawal from exchange's wallet doesn't need to be considered as FUD, its a good thing is happening after the collapse of FTX but about the lawsuits and security related issues Binance is doing pretty well so nothing to worry about that part but did they involved in money laundering I hope not because they are already the biggest cryptocurrency exchange so they are making more money from actual trading itself if I am not wrong.
There are some speculations that some whales and known big investors are pulling up their assets on Binance to make FUDs but we can never know what is behind their actions. If they are trying to dump the value of BNB and hoard them while traders are having a panic on selling it
Having this kind of news can really affect the value of BNB but also can be taken advantage of, as we traders only buy on-trend.
If the traders are concerned about BNB then they could opt for stop loss like 10% but this is the strategy by whales all the time so nothing really new to be worried. But for me staying away from BNB or any assets value which highly depends on the reputation of others will be a wise choice.
Withdrawal from exchange's wallet doesn't need to be considered as FUD, its a good thing is happening after the collapse of FTX but about the lawsuits and security related issues Binance is doing pretty well so nothing to worry about that part but did they involved in money laundering I hope not because they are already the biggest cryptocurrency exchange so they are making more money from actual trading itself if I am not wrong.
There are some speculations that some whales and known big investors are pulling up their assets on Binance to make FUDs but we can never know what is behind their actions. If they are trying to dump the value of BNB and hoard them while traders are having a panic on selling it
Having this kind of news can really affect the value of BNB but also can be taken advantage of, as we traders only buy on-trend.
Withdrawal from exchange's wallet doesn't need to be considered as FUD, its a good thing is happening after the collapse of FTX but about the lawsuits and security related issues Binance is doing pretty well so nothing to worry about that part but did they involved in money laundering I hope not because they are already the biggest cryptocurrency exchange so they are making more money from actual trading itself if I am not wrong.
We can say that FUDs are useless but guess what, this sometimes gives us information and awareness also. We can never tell if this news and reports are fake until we research. In some instances, this has already been made to ruin someone and Binance is one of the big exchanges in which I see this is a part of the competition. But yes, we can't also neglect the possibility that Binance did something wrong, we never know until someone from inside will have the courage to tell in public.
Whether it was FUDs or that is true, we still need to be careful in using exchanges, and put FTX as an example.
Whether it was FUDs or that is true, we still need to be careful in using exchanges, and put FTX as an example.
So, this is another Fud that the critics just magnified. What do you think?
Let me quote myself:
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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
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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.
It looks like Binanse did an excellent job with the test, ensuring uninterrupted withdrawal on customer demand, which was a consequence of FUD. And after this FUD disappears completely, Binance will receive even more traders and, accordingly, even more funds that will be transferred from other cryptocurrency exchanges.
So far, they are doing well, indeed the last few days there has been a lot of hype around binance, but as we can see, nothing terrible has happened. And if everything ends well for binance, then this will eventually be a positive moment for them, because they will prove in practice that they could cope with the withdrawal of any volumes.
There is a lot of FUD and investor panic surrounding Binance after suspending USDC withdrawals, and Zhao responded that the temporary halt in withdrawals was due to the fact that some currency swaps had to be routed through an unidentified bank in New York that was not open. In my opinion, there is no need for all this panic, when withdrawals have been resumed, I see that the situation is different from FTX, so what happened to Binance is not in any way similar to the FTX platform, and Binance has sufficient reserves to cover customer deposits and $ 60 billion protects Binance from bankruptcy, for me I prefer to keep my currencies on a cold wallet, and only at the time of trading, I transfer it to Binance, so I am reassured.
Due to the amount of bad news coming out about Binance people are panicking. Based on this report,
I wouldn't be surprised because people are trying to make the Binance like the FTX which would unlikely to happen, even after the fall of the FTX and Bitcoin we can see that the BNB and Binance are still strong as we know the ecosystem of BNB is much different than the FTX.
Fuds are fuds but facts are still facts, nothing can beat the fact that Binance is one of the good projects we have after the Ethereum and compared to Dogecoin.
It looks like Binanse did an excellent job with the test, ensuring uninterrupted withdrawal on customer demand, which was a consequence of FUD. And after this FUD disappears completely, Binance will receive even more traders and, accordingly, even more funds that will be transferred from other cryptocurrency exchanges.
So far, they are doing well, indeed the last few days there has been a lot of hype around binance, but as we can see, nothing terrible has happened. And if everything ends well for binance, then this will eventually be a positive moment for them, because they will prove in practice that they could cope with the withdrawal of any volumes. 
Binance is centralized and that's why many are starting to panic when there's bad news about them. What if before the bad news Binance starts to halt withdrawals? Well, that's the real thing but so far, this is just to make a FUD and if the thing is real, Binance will handle it for sure...
It looks like Binanse did an excellent job with the test, ensuring uninterrupted withdrawal on customer demand, which was a consequence of FUD. And after this FUD disappears completely, Binance will receive even more traders and, accordingly, even more funds that will be transferred from other cryptocurrency exchanges.
It seems it has become a trend to attack centralized exchanges so that people lose faith in using them to trade, invest or even store their coins. Is this happening on centralized exchanges or just negative news deliberately spread by irresponsible people because they want to see the crypto market crash? Even centralized exchanges like Binance were hit by the news and showed evidence of funds going in and out of the exchange. If people don't look for clearer information, this can make them panic and they will withdraw all their funds on all exchanges and this can result in the loss of confidence of investors and traders in playing a role in the crypto market.
Binance is centralized and that's why many are starting to panic when there's bad news about them. What if before the bad news Binance starts to halt withdrawals? Well, that's the real thing but so far, this is just to make a FUD and if the thing is real, Binance will handle it for sure.
Everyone is starting to learn their lesson that no exchange is safe whether it's the most popular and populous exchange, they can't avoid any FUD that will be spread against them.
The current panic is still going on and I believe in Binance's ability to handle the crisis. But the criticism of centralized exchanges cannot be ignored. But people often only have 7 seconds of memory. When they saw @justinsuntron’s tweets, the market warmed up a little bit, and people’s panic seemed to disappear instantly.Everyone is starting to learn their lesson that no exchange is safe whether it's the most popular and populous exchange, they can't avoid any FUD that will be spread against them.
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What if there are other popular personalities and added to the FUD, for sure that everyone is nowhere to go but to withdraw as fast as they can because that's what they believe as the sign of Binance's falling.
I don't think anything is wrong with the withdrawal in binance. Traders and investors may want to play safe by taking out their coins with the recent crash of FTX that many people have blamed those leaving their coins at the exchange. It is already a lesson learnt and some hodlers in FTX who still have account and coins in binance may not want to take another chance. Again with the festive period of December, we can expect some kind of rush.
I don't think there's anything wrong with people withdrawing their funds from Binance, it's something that should've been done much earlier on imo, FTX just painted it in a bolder color. I reckon as long as Binance is pretty honest with what it does and the funds are obviously used to what they're supposed to be used for (and not for), they should be fine in the long term. That is unless someone finds some solid evidence of something wrong, like in the case of FTX, then you can probably expect a big impact on the scene, considering how big Binance is as an exchange.
what has happened to FTX provides an important lesson for any holder of large assets not to keep their money in exchanges. withdrawals that occurred as a result of the large amount of FUD currently associated with Binance. and the response to large withdrawals is of course a whip for those who still put their money on the exchange.Of course, some users are afraid that what happened to FTX also happened to Binance. that's what made this little panic happen.
I don't think there's anything wrong with people withdrawing their funds from Binance, it's something that should've been done much earlier on imo, FTX just painted it in a bolder color. I reckon as long as Binance is pretty honest with what it does and the funds are obviously used to what they're supposed to be used for (and not for), they should be fine in the long term. That is unless someone finds some solid evidence of something wrong, like in the case of FTX, then you can probably expect a big impact on the scene, considering how big Binance is as an exchange.
Binance is centralized and that's why many are starting to panic when there's bad news about them. What if before the bad news Binance starts to halt withdrawals? Well, that's the real thing but so far, this is just to make a FUD and if the thing is real, Binance will handle it for sure.
Everyone is starting to learn their lesson that no exchange is safe whether it's the most popular and populous exchange, they can't avoid any FUD that will be spread against them.
The current panic is still going on and I believe in Binance's ability to handle the crisis. But the criticism of centralized exchanges cannot be ignored. But people often only have 7 seconds of memory. When they saw @justinsuntron’s tweets, the market warmed up a little bit, and people’s panic seemed to disappear instantly.Everyone is starting to learn their lesson that no exchange is safe whether it's the most popular and populous exchange, they can't avoid any FUD that will be spread against them.
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