CZ claim crypto is high risk, here's my opinion

KaliLinux

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Quote from: 348Judah on August 10, 2022, 05:15:57 AM

but i think his exchange services constitute more on the risk involved in cryptocurrency, while knowing this he could have maintain only dealing with bitcoin than altcoins which most have resulted into scam related offenses, i think CZ motive is just to make business and profit out of it, regardless of means, we all know many shitty coins enlisted on Binance before now but which are no where to be found today. cryptocurrency involves taking risk but centralized exchanges were risks added to taking a risk.

Let's say you are hodling your crypto assets in your own wallet and something happens to that crypto project, would it matter if they were in a centralized Exchange like Binance or if you were hodling them in your own wallet? The project is dead means it is dead and it is not because of CZ or Binance. I remember coming into crypto when Bittrex was the Exchange to trade in then and when most of the first shitcoins I knew were on Ethereum Network and I still have all those dead projects in some of my wallets to date. CZ or Binance isn't the issue, he is just being truthful with crypto investment.

Bitstar_coin

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Quote from: ultrloa on September 16, 2022, 06:03:53 AM

CZ is true to his community he doesn't want people to expect a lot on crypto and maybe he warned them to be careful upon taking decision on which coin to buy. This is good gesture and hopefully many people didn't take it negatively since what he says is eye opener for newbie which think always good on crypto and they will not be rugged on it because someone telling them that its safe to invest together with they can get 100% sure profit on their investment.

It is better to say it as it is rather than giving false hope, some people want to hear you tell them they will become very rich in a few days when they invest in crypto which is not so.
it is good to be frank in matters like this, it can help a potential investor to make up their mind and be ready for the ups and downs of crypto.
CZ is a vivid example that if you are patient, dedicated and hardworking it will pay off someday, he didn't become this rich and popular overnight, he has work his butt to get this level and this can be same for all investors.

ultrloa

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Quote from: livingfree on September 14, 2022, 02:36:30 PM

Quote from: ultrloa on September 12, 2022, 08:26:28 AM

And I'm glad he tell that to public because meaning his not here to hype up crypto and his business but rather he just want to be realistic and for people to realize that they shouldn't take crypto easy as they think since this could break their hopes if they do a mistake on their money here.

Yeah, unlike the other popular people in different industries. They're dropping some statements and hyping the newbies what to invest. CZ is just telling the truth and many newbies should take it seriously.

No sweet and bias words.

Only all about the reality and that's giving him and his projects/businesses the exposure that he needs too.

CZ is true to his community he doesn't want people to expect a lot on crypto and maybe he warned them to be careful upon taking decision on which coin to buy. This is good gesture and hopefully many people didn't take it negatively since what he says is eye opener for newbie which think always good on crypto and they will not be rugged on it because someone telling them that its safe to invest together with they can get 100% sure profit on their investment.

livingfree

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Quote from: ultrloa on September 12, 2022, 08:26:28 AM

And I'm glad he tell that to public because meaning his not here to hype up crypto and his business but rather he just want to be realistic and for people to realize that they shouldn't take crypto easy as they think since this could break their hopes if they do a mistake on their money here.

Yeah, unlike the other popular people in different industries. They're dropping some statements and hyping the newbies what to invest. CZ is just telling the truth and many newbies should take it seriously.

No sweet and bias words.

Only all about the reality and that's giving him and his projects/businesses the exposure that he needs too.

carlfebz2

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Quote from: ultrloa on September 12, 2022, 08:26:28 AM

Its not secret already that crypto is high risk since there are so many people telling that and its just CZ is the most influential among them that's why other newbies give a weight on this statement.

And I'm glad he tell that to public because meaning his not here to hype up crypto and his business but rather he just want to be realistic and for people to realize that they shouldn't take crypto easy as they think since this could break their hopes if they do a mistake on their money here.

Yes, its not already that a basic thing when we do talk about risk here on crypto space.CZ just do make out some reminders specially into those newbie or to those people who had just recently jumped into this market.Its high risk and this is why people shouldnt really be that having the mindset on making easy money with crypto space because thats not how it works.
Always have that research and act accordingly based up on your skills and awareness.Dont hurry up on making up decisions and once you do gain up experience then this would really
be making things a bit more able to handle.You would be finding yourself to be that able to handle situations once you do gain sufficient experience.

mbakruroh

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Quote from: 348Judah on August 10, 2022, 05:15:57 AM

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This is not a claim, but a statement that is true to the facts. CZ only reminds crypto users to avoid investing if they are not ready to suffer losses or have no experience in investing in crypto. Crypto price fluctuations will be risky for investors or for beginners who are still learning about crypto. CZ had a large exchange, she needed to remind him of that in order to avoid users misunderstanding her.

ultrloa

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Its not secret already that crypto is high risk since there are so many people telling that and its just CZ is the most influential among them that's why other newbies give a weight on this statement.

And I'm glad he tell that to public because meaning his not here to hype up crypto and his business but rather he just want to be realistic and for people to realize that they shouldn't take crypto easy as they think since this could break their hopes if they do a mistake on their money here.

tbterryboy

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Quote from: 348Judah on August 10, 2022, 05:15:57 AM

i think his exchange services constitute more on the risk involved in cryptocurrency, while knowing this he could have maintain only dealing with bitcoin than altcoins which most have resulted into scam related offenses, i think CZ motive is just to make business and profit out of it, regardless of means, we all know many shitty coins enlisted on Binance before now but which are no where to be found today. cryptocurrency involves taking risk but centralized exchanges were risks added to taking a risk.

They don't deny that and that is why they are making these left and right disclaimers so that people won't totally put the blame on them. They cant simply maintain 1 to 2 top coins such as btc and eth because they are a crypto exchange and not some kind of a shop or gambling site where having a tiny number of coin is acceptable.

Obviously cz built binance so that he can earn a profit but it doesn't mean that he won't care for the others. He already did a lot of contributions on the crypto space in fact. Shitcoins on the other hand can come and go so it's normal that many of them are already delisted but expect that there will be another replacement.

AdoboSpecial

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I agree with CZ. Crypto is high risk but it also comes with high rewards. So as what the experts always tell newbies like me, always do your own research when investing or trading cryptos.

Taskford

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Quote from: 348Judah on August 10, 2022, 05:15:57 AM

but i think his exchange services constitute more on the risk involved in cryptocurrency, while knowing this he could have maintain only dealing with bitcoin than altcoins which most have resulted into scam related offenses, i think CZ motive is just to make business and profit out of it, regardless of means, we all know many shitty coins enlisted on Binance before now but which are no where to be found today. cryptocurrency involves taking risk but centralized exchanges were risks added to taking a risk.

Who's businessman are not into profit? If you are building a platform and you didn't think for a profit then your doing nonsense thing. And thinking profit is good because you it will contribute on your own growth and look what happen on binance right now they are totally successful and been in the hot topic for their success earned.

What CZ's telling on his post is true wince crypto is really a high risk and high volatile asset so you need to study and learn more from it if you want to know more better about it and gain with things what you learn or created on.

Bitstar_coin

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Crypto is high risk, high volatility and high reward everyone who is in crypto already know this and it is something we also tell new comer who wants to invest for the first time. i don't think cz said something that we don't already know.
Beside he use the word "Crypto" which not only describe btc but other alts too, and as we all know alts are very risky investment, it is the decision of any investor to accept but as it is important to warn investors about the risk involved.

Jawhead999

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Quote from: Almasani on August 30, 2022, 03:42:43 PM

I think CZ is just giving crypto users a warning about the risks. So that crypto users do not misinterpret when losses occur. The biggest risk is price fluctuations, in which crypto holders will suffer losses. Sometimes many crypto users blame the platform for the losses they experience.
Even though CZ is a crypto owner and an exchange owner, of course he is not just looking for his own profit there, but trying to make a profit for the users. He didn't want Binance users to suffer continuous losses.

Binance is centralized exchanges, so there's no way they will a token with fake contract etc, it's not like swap exchanges where anyone can easily add their own token on the platform. I think when they're loss, they will blame Bitcoin, not Binance.

No way if he's care with other users profit, he just want to make their customers to always use their exchanges so every fees occur on any trades are profit for them. Profit and loss are inevitable on trading, so there's a people who loss and some people who make profit.

Almasani

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Quote from: 348Judah on August 10, 2022, 05:15:57 AM

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I think CZ is just giving crypto users a warning about the risks. So that crypto users do not misinterpret when losses occur. The biggest risk is price fluctuations, in which crypto holders will suffer losses. Sometimes many crypto users blame the platform for the losses they experience.
Even though CZ is a crypto owner and an exchange owner, of course he is not just looking for his own profit there, but trying to make a profit for the users. He didn't want Binance users to suffer continuous losses.

bittick

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It seems like an awareness that already tweeted by CZ. I personally didn't know about his motive to create such tweet but in my opinion if this time crypto was facing a small recovery and i think he was making it to make sure there would be no newbies or people who still new in the crypto not to FOMO a small recovery that happened with bitcoin. it can go down again anytime and so reminding people about the risk before they were investing in the crypto, that's it.
Some people may try to rush the market.

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Quote from: 348Judah on August 10, 2022, 05:15:57 AM

but i think his exchange services constitute more on the risk involved in cryptocurrency, while knowing this he could have maintain only dealing with bitcoin than altcoins which most have resulted into scam related offenses, i think CZ motive is just to make business and profit out of it, regardless of means, we all know many shitty coins enlisted on Binance before now but which are no where to be found today. cryptocurrency involves taking risk but centralized exchanges were risks added to taking a risk.

Exchange is still the platform, they are not selling anything there we are the one who is buying and selling so there is no point of claiming they list shitcoins as long as people are ready to trade them for millions everyday and centralized exchange is here for making profit so they are not going to care about what coin they are listing which means we have to do our own research on our every investment no matter whether the platform is highly reputed or not.

milewilda

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Quote from: 348Judah on August 10, 2022, 05:15:57 AM

but i think his exchange services constitute more on the risk involved in cryptocurrency, while knowing this he could have maintain only dealing with bitcoin than altcoins which most have resulted into scam related offenses, i think CZ motive is just to make business and profit out of it, regardless of means, we all know many shitty coins enlisted on Binance before now but which are no where to be found today. cryptocurrency involves taking risk but centralized exchanges were risks added to taking a risk.

But out of the lots of shitty coins that we do have in the market today it do really make out at least some exclusion which they choses up on projects which they do seem to be worth and once these projects didnt really get that much liquidity or volume then it would be just normal that they would really be delisting it and so forth.There's no such thing about perfect selection because not every
project that they do chose and select would end up on being top of the market but somewhat project owners do really get that opportunity on being listed in one of the known and biggest crypto
platform.Doesnt matter on what type or kind of project it would be and since this is business then its normal that they would really be having these listings for added up volume
and liquidity.

AakZaki

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Quote from: 348Judah on August 10, 2022, 05:15:57 AM

~snip~

but i think his exchange services constitute more on the risk involved in cryptocurrency, while knowing this he could have maintain only dealing with bitcoin than altcoins which most have resulted into scam related offenses, i think CZ motive is just to make business and profit out of it, regardless of means, we all know many shitty coins enlisted on Binance before now but which are no where to be found today. cryptocurrency involves taking risk but centralized exchanges were risks added to taking a risk.

If I was told to fill in I would answer the high profit. I think it's only natural that he has understood the risks regarding crypto. As an owner of Binance it is also an education for newcomers.
I didn't catch the strangeness in his tweet. It is indeed crypto as it is. So far I've only looked at him giving very little education and questions to see what a lot of people think. Bad crypto? Yes maybe, but I think Binance has looked at researching in terms of profitability and credibility. All the listed cryptos certainly have their drawbacks and advantages. They have certainly made rules for the tokens or coins that are there. Otherwise it will worsen the Binance name.

noorman0

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[Nope]No hype delivers more than hope

Quote from: 348Judah on August 10, 2022, 05:15:57 AM

-snip-
i think CZ motive is just to make business and profit out of it, regardless of means, we all know many shitty coins enlisted on Binance before now but which are no where to be found today.

When beginners get a dose of this kind of doctrine, they are not too sorry about the risk of loss from volatility. Tweets with a little manipulation of positive messages to keep users engaged in CZ's centralized business circle, especially focusing on high-volatility altcoins.

Quote from: 348Judah on August 10, 2022, 05:15:57 AM

-snip-
cryptocurrency involves taking risk but centralized exchanges were risks added to taking a risk.

The positive thing he won't be tweeting is the risk of owning crypto on the exchange, because that would kill his business.

cryptoaddictchie

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Quote from: 348Judah on August 10, 2022, 05:15:57 AM

but i think his exchange services constitute more on the risk involved in cryptocurrency, while knowing this he could have maintain only dealing with bitcoin than altcoins which most have resulted into scam related offenses, i think CZ motive is just to make business and profit out of it, regardless of means, we all know many shitty coins enlisted on Binance before now but which are no where to be found today.

Thats definitely true. He is saying a cautious message but unfortunately, many real OG would find this as wash statement since we all knew that this is his business afterall. Naturally he will say things such as dyor due to volatility to avoid being bash by public. But we can sense how his business works. Take a look on projects that arent creating much volume, see them get delisted after confirmation of such weakness.

stompix

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Quote from: 348Judah on August 10, 2022, 05:15:57 AM

i think CZ motive is just to make business and profit out of it, regardless of means, we all know many shitty coins enlisted on Binance before now but which are no where to be found today.

Oh no! Impossible!
Mr. CZ or should I say Sir CZ is just a good guy who from the early stages of his involvement in crypto helped the community by faking volumes, and showed the world how crypto and regulations go hand in hand by jumping from one country to another, helped bitcoin so much by charging 10x times more for BTC withdrawals compared to his own tokens, showed the world true cryptocurrencies must be decentralized with his complete centralized network and of course, he did so much for bitcoin development suggest that a rollback should be done on BTC network cause they've lost money.

No, CZ is the nicest guy in the universe, he is doing so much for crypto and bitcoin and nothing, absolutely nothing for himself poor guy.
Does he have a donation address?

Topic: CZ claim crypto is high risk, here's my opinion (Read 283 times)