I often wonder how big it takes to be afraid to fail. Mt.gox was big and it has fallen. We're only talking about crypto. Pay attention to what Bernie Madoff did - after all, he beat the entire wallstreet and a few big banks. You can never be sure what is safe or not.
I agree with that, if we don't think that the biggest exchange could fail, then we are looking at an investment with no risk at all, it would be easy for us to make money which is not happening in the crypto space. We still have to be careful, don't put your investment in one basket, Binance maybe the biggest now, but there's no guarantee they'll remain in the top or will remain in business in the long run. 
Topic: Is Binance too big to fail? - page 3. (Read 1838 times)
I often wonder how big it takes to be afraid to fail. Mt.gox was big and it has fallen. We're only talking about crypto. Pay attention to what Bernie Madoff did - after all, he beat the entire wallstreet and a few big banks. You can never be sure what is safe or not.
It's definitely not.
In fact, I'd say that BNB is probably the token that is most prone to any sort of bad news on the regulation side. Any unfavourable news coming out of China, US, and Europe can possibly crush the whole business model of Binance.
Even though they say that BNB is striving to build Defi, it is a fact that most of their profit generation comes from Cefi still. No one will be bailing them out either if they do fail.
Well yet even if BNB is prone to many attacks and bad news yet this still the banner of the Hottest and biggest Exchange now in crypto.In fact, I'd say that BNB is probably the token that is most prone to any sort of bad news on the regulation side. Any unfavourable news coming out of China, US, and Europe can possibly crush the whole business model of Binance.
Even though they say that BNB is striving to build Defi, it is a fact that most of their profit generation comes from Cefi still. No one will be bailing them out either if they do fail.
But when Defi was created ? then lets expect more climb and may reach finally the 4 digits dream.
or simply too big to fail but basing up on the current condition and popularity/reputation then its really hard or even we can say that its impossible for them to go down.
As long demand and interest is there then its really hard for it to be taken down but of course as an investor then you should always mind of with the risk.
It's definitely not.
In fact, I'd say that BNB is probably the token that is most prone to any sort of bad news on the regulation side. Any unfavourable news coming out of China, US, and Europe can possibly crush the whole business model of Binance.
Even though they say that BNB is striving to build Defi, it is a fact that most of their profit generation comes from Cefi still. No one will be bailing them out either if they do fail.
Well yet even if BNB is prone to many attacks and bad news yet this still the banner of the Hottest and biggest Exchange now in crypto.In fact, I'd say that BNB is probably the token that is most prone to any sort of bad news on the regulation side. Any unfavourable news coming out of China, US, and Europe can possibly crush the whole business model of Binance.
Even though they say that BNB is striving to build Defi, it is a fact that most of their profit generation comes from Cefi still. No one will be bailing them out either if they do fail.
But when Defi was created ? then lets expect more climb and may reach finally the 4 digits dream.
Yes, Binance is too big to fail, Binance is the biggest market in cryptocurrency now.if Binance died most of projects in the space would be dead.
Binance has grown into a force to reckon with since its establishment in 2017. In just 4 years since inception, Binance dominates the crypto market being the largest cryptocurrency exchange in the world. Its most successful venture has been the launch of a public smart contract platform dubbed "Binance Smart Chain". The native cryptocurrency "BNB" went from being worth cents to hundreds of dollars (USD) in just a few years since inception.
It seems to me that Binance has huge influence over the crypto/Blockchain industry. Sometimes I wonder if the world's biggest crypto exchange is too big to fail. With no signs of decline, Binance is on a road to widespread success in the mainstream world. This is bad because it'll make crypto heavily centralized.
What are your thoughts? Is Binance too big to fail? If not, why? Do you think Binance has too much power/influence over the crypto/Blockchain industry? How will it affect crypto (either positively or negatively) in the long term? Your input will be greatly appreciated. Thanks in advance.
It seems to me that Binance has huge influence over the crypto/Blockchain industry. Sometimes I wonder if the world's biggest crypto exchange is too big to fail. With no signs of decline, Binance is on a road to widespread success in the mainstream world. This is bad because it'll make crypto heavily centralized.
What are your thoughts? Is Binance too big to fail? If not, why? Do you think Binance has too much power/influence over the crypto/Blockchain industry? How will it affect crypto (either positively or negatively) in the long term? Your input will be greatly appreciated. Thanks in advance.
Bianace is the perfect example of blockchain innovation, they also got the secret of become one of the trusted holistic crypto platform in this 21st century, they almost have all of the needs of every trader and crypto enthusiast, now in the question "too big to fall" I think they've already anticipated the past experience of so many exchange platform that fall in the hands of greedy people, Binance has also the security that everyone can trust, well this my own perspective.
It's definitely not.
In fact, I'd say that BNB is probably the token that is most prone to any sort of bad news on the regulation side. Any unfavourable news coming out of China, US, and Europe can possibly crush the whole business model of Binance.
Even though they say that BNB is striving to build Defi, it is a fact that most of their profit generation comes from Cefi still. No one will be bailing them out either if they do fail.
In fact, I'd say that BNB is probably the token that is most prone to any sort of bad news on the regulation side. Any unfavourable news coming out of China, US, and Europe can possibly crush the whole business model of Binance.
Even though they say that BNB is striving to build Defi, it is a fact that most of their profit generation comes from Cefi still. No one will be bailing them out either if they do fail.
binance has a very good community and development that is why in 4 years it can grow very rapidly and become the largest centralized exchange in the world.
nothing is impossible it's just that there is a small chance that binance will fail.
It's hard to build name or brand as well people to trust your service, the only way for them not to lose all their hard works Is to keep their business going and they will be able to continue winning. The only time Binance will fail if they will not resolve problems right away. nothing is impossible it's just that there is a small chance that binance will fail.
If you go back there were many other giant exchanges in terms of the volume of Bitcoin that went through on a daily basis and with time these popularity keeps changing from time to time and sometimes a major hack would turn the tables against the popularity and sometimes their technical inadequacy to handle heavy loads and the time it took to sort the issues worked against them.
When you talk about Binance, they already had a major hack and they are literally purchasing or replicating everything that is available in the cryptocurrency market space and only time will tell how long they will be functioning without any major issue.
When you talk about Binance, they already had a major hack and they are literally purchasing or replicating everything that is available in the cryptocurrency market space and only time will tell how long they will be functioning without any major issue.
Any centralized entity is subject to hacks, theft, fraud, and manipulation. Binance is no exception to this. Sooner or later, its dominance will fall as its competitors gain traction in the mainstream world. The same way empires rise and fall, the same will happen with Binance. Once Binance disappears, expect crypto prices to go all the way down the drain. It happened with Mt. Gox some time ago, and it could happen with Binance exchange sometime in the future. I wouldn't worry about a single exchange getting "rekt" as long as crypto/Blockchain tech stays decentralized and censorship-resistant. There's healthy competition in the industry, so crypto will rise back up again after Binance's demise. Just my thoughts
In this fast-paced world of technology, a lot can happen. Much has already happened in a short time. But Binance is a reputable company and I think the future belongs to them.
The chances of binance failing or going bankrupt are very small because he has great trust by the cryptocurrency community to date. Binance is considered the no.1 market in the world with the best service and quality. I'm sure the whole world knows binance. This makes binance ranked 3rd, not even impossible in the future bnb will be in second place.
Don't ever underestimate the power of human error and the power of human manipulation, especially with big entities controlled by one or few people. This is Binance in a nutshell, where CZ has a lot of power, even more I would say than Elon has at his company.
Everyone thought MtGox was too big to fail, remember?
no doubt but anything can happen
Yeah anything can happens but Binance really doing great performance, Still remember about hacked Funds back then? Binance Anticipating this in a good way calmly and smoothly through an Insurance Fund that makes the community feel safer, Beside that they also have tons of other features like Launchpad, Staking, Futures, etc which is making Binance is one of the crypto exchange out there right now, Maybe later Binance will go bankrupt but I'm really sure the chance is very small, Well let's see what will happen in the future, Cheers!
There is no such thing as too big to fail, everything in this world is based on time and sometimes the clock runs too fast for many things that they end up becoming history, binance is a good exchange 100% no doubt but anything can happen
I can't express how much I hate the term "too big to fail"!!! Nothing is too big to fail! If for example Amazon fails tomorrow, you really think there will be no one to sweep up all the customer wanting to buy stuff? Of course there will! The same with binance and almost anything else.
Imo the term "too big to fail" was made when they want to spend your money on private company that fucked up, but has "friends" in government.
Imo the term "too big to fail" was made when they want to spend your money on private company that fucked up, but has "friends" in government.
Binance has grown into a force to reckon with since its establishment in 2017. In just 4 years since inception, Binance dominates the crypto market being the largest cryptocurrency exchange in the world. Its most successful venture has been the launch of a public smart contract platform dubbed "Binance Smart Chain". The native cryptocurrency "BNB" went from being worth cents to hundreds of dollars (USD) in just a few years since inception.
It seems to me that Binance has huge influence over the crypto/Blockchain industry. Sometimes I wonder if the world's biggest crypto exchange is too big to fail. With no signs of decline, Binance is on a road to widespread success in the mainstream world. This is bad because it'll make crypto heavily centralized.
What are your thoughts? Is Binance too big to fail? If not, why? Do you think Binance has too much power/influence over the crypto/Blockchain industry? How will it affect crypto (either positively or negatively) in the long term? Your input will be greatly appreciated. Thanks in advance.
binance coin is currently growing rapidly, many changes make it more popular and many are buying and their project dex is going well according to the changes that are so fast making the price of BNB go up so high it's no wonder that binance smart chain is the right solution for low fee trading is a very good form of solution and development for the future it will make trading much more increased and so many big deals happening in BSC today.It seems to me that Binance has huge influence over the crypto/Blockchain industry. Sometimes I wonder if the world's biggest crypto exchange is too big to fail. With no signs of decline, Binance is on a road to widespread success in the mainstream world. This is bad because it'll make crypto heavily centralized.
What are your thoughts? Is Binance too big to fail? If not, why? Do you think Binance has too much power/influence over the crypto/Blockchain industry? How will it affect crypto (either positively or negatively) in the long term? Your input will be greatly appreciated. Thanks in advance.
Binance will not fall. There are some problems, but trading volumes say the final word
Yes, the ones that are already popular will be difficult to fall, because Binance already has everything you want such as a large community, large number of users, and a well-known network that makes it difficult to fall, but when it comes to the price of the BNB coin, I think it still matters on Bitcoin in the crypto market. 
The chances of binance failing or going bankrupt are very small because he has great trust by the cryptocurrency community to date. Binance is considered the no.1 market in the world with the best service and quality. I'm sure the whole world knows binance. This makes binance ranked 3rd, not even impossible in the future bnb will be in second place.
Mt.Gox also had a reputation of being one of the best exchanges. They also had "one of the best" security systems in the world. And look what they are now. Everything and everyone can go down. You never know what will government do next day and how it will affect on the Binance. So far Malta is positive to cryptocurrency. But this country and its economy is so small, compared top countries. A huge whale like US can easily push on Malta, making them change their laws in favor for the US. They can use sanctions against Malta with a request to be more crypto unfriendly and that is it. First it will paralyze work for few weeks or day. Then it will drop crypto market significantly.
Binance will not fall. There are some problems, but trading volumes say the final word
The crypto market which has as much as 500 million visits per month and where the market is traded in billions, nah I don’t think so it’s gonna ever fail in the coming future. As long as it stays secure enough to protect the funds of their consumer I think they are good to go.
If they get hacked and major assets are stolen then they would worry a little bit. But considering their security systems I barely think they will fail.
If they get hacked and major assets are stolen then they would worry a little bit. But considering their security systems I barely think they will fail.
The Crypto market will not fall but Binance might fall if there's bad news on Binance. You know how people react to bad news, they will panic and that would lead to Binance losing their traders and the value of their coins will be affected. All the coins are vulnerable to failure, even bitcoin, so we can really never say they'll succeed especially we are talking about an exchange project here where are regulated by the government.
I'm sure you know about Mt. Gox, the biggest exchange in the early stage of crypto was hacked and was never able to recover.
nothing is impossible, but when viewed from binance, the project can be said to be successful and continues to grow and has even become the largest centralized exchange in the world.
so the probability of binance failing is very small.
I agree with you. If binance is to fail, then a project better than binance has to come. I am not seeing any such project at the moment. And even if it comes, it will not be possible in the next 5 years.so the probability of binance failing is very small.
you are right about this. It's hard to imagine any new project bigger than Binance. binance has it all, a great exchange, smartcontract platform and a professional team of developers. this made them so strong that it was hard to imagine that they failed.
They better try to speed up their expanding pace so they truly become too big to fail company that's not gonna gets crushed so easily, many people are on the lifeline by holding their BNB if the company suddenly go down.
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