Topic: Lies in the world (Read 455 times)

Newbies in trading should not take this advice lightly, because the emotion behind OP's write-up is that of one who has experienced real losses from trading.

The thought of the massive profit from margin trading is enticing, but the thought of losses should also scare you into not diving in heads deep but at the same time not a call to never try it if you can. You can win there, and you can be in big sh*t too! Margin trading is not a place to play around, you must know your onions in trading if you want to give marginal trading a try. Newbies take heed.

Hah! You need to see a T&C from a bank to realize how that sector has always been out to cheat customers deliberately. So many hidden deals that easily rope customers in without the customers knowing it until when a legal suit ensures and you, as a customer, get to find how helpless such a situation is for you. I encountered it myself a few years ago.

The irrelevance of your response to the OP is highly conspicuous. It's nothing else than spamming.

There are so many people in the world who lie a little later.  So they can't succeed in any task at any time.

Well, all I can say is that the page 'Terms & Condition and FAQs' must be viewed before making any decision. Mostly these sorts of things aren't mentioned clearly, which can be viewed in the above-stated pages. Also always try to make some research by searing the internet, reading relevant blogs and the expert's opinions before making any such decisions. Do not play blindly.

The world have turned to a place where scam is now a major profession,and it takes only few people who can ditect lies, and know how to handle it.
Most persons have been carried away by what they heard from somewhere,unknowing to them that every single information they've heard is a lie.
We must have the ability to know when false informations are shared to us.

We can only build bridges to humanity and serve society and the world we live in by honest efforts and by delivering value. We can't get on in that world by relying on lies and scams. Could a blockchain and cryptocurrency community make a positive impact?
Yes, of course it could. And I believe it already is.

Lies have become a part of life. Not only lies, but also evil, goodness, selfishness, honesty, panic, and many various traits are inherent in humans and in everything in this world.
Even today's public lies may be so pervasive and we have to pretend we don't know the lies just because we don't have the power to fight them.
We also know how many lies in the crypto world, carried out by scammers, influencers, and various project developers to attract interest and sympathy from many circles. One of the purposes of the lies again is "money."
So, I don't think we need to think deeply about the lies, just try our best effort not to do many lies again to the world. Start from ourselves.

In my opinion, they are not that much wrong either. Look around, everyone here or in this world is doing it for their own profit. No one will do it for others' profit. That is how he can survive. Though Binance makes profit from users, if Binance is able to make a profit, how will they run the exchange? They are not a free service provider because they do all their work with donations. They have lots of workers, and they are running lots of promotional campaigns. They have huge maintenance costs too, so they should earn from someplace. But you know what, they are giving you money security; if a hacker hacks, they usually take responsibility and pay him. are earning through our fees. Just think if everyone made a profit from future trades, then they would have to pay all of your fees. If they make a profit from future trades, it's all because of the market situation. Their profit depends on the market. If you are doing short and the market goes up, then they make a profit, but remember there are a lot of people who made money long too. If they make money from someone, they must also pay someone.So, if you can't use how they made money, their message sending is a promotion strategy.And I'm not saying Binance is the best; I'm just saying that every exchange does the same thing, so why single out Binance? also have lots of complaints about Binance, but I used it for its insant and secured behaviour, and I also used ftx, kucoin, coinbase, bybit, bithumb, and more too. All are working with the same strategy. I hope you won't mind if I heart you something. I am really sorry. I'm just giving my opinion. Thank you. 

To be fair, this looks to me a plain promotion or marketing of a product rather than an outright lie. You know, companies promoting their products and services through various ways, especially through ads, are allowed to lie up to a certain extent. I don't know why, but exaggeration in ads has always been a thing. We, as customers, will have to do the due diligence before getting into something. There's what we call caveat emptor.

Margin trading amplifying your profit is true, because you are allowed to use leverage. The downside of it; of course, they won't include it. They're marketing, after all.

Not only in trading and in crypto, but also in every business telling lies to every customer to buy their product, in the end its on your own to decide if you try it or you have to be wise and ask other first before doing anything. 

Almost everything in the world today are lies.Therefore,before taking or accepting an information shared to you,try as much as you could,to verify the information well,before deciding,and making use of it because it might cause you pain if not properly checked.

Lies are from the pit of hell,but these days,human being no longer do without that lie again,they lie on daily basis,and earn a living through lies.

All humans do lies for one reason or the other especially when it comes to businesses like selling stuffs you need to make sure that customers don't leave your company or store without buying a thing, this is why I believe no one is Saint when it comes to money making, it's what scammers do as well they lie to lure their victims

The world is simply cruel, you would tell humans the truth and it's simply interpreted the wrong way.
Most information we get if not eye witness can also be false, reporter's are paid handsomely to take out the wrong set of news.
In the world today,I think lie's much more appreciated.

Thank you for sharing this information because it going to save a lot of newbies but I am not surprised about this information, because when the crypto market is in the season of the ATH market some people always intentionally spread false information to deceive the newbie and some greedy crypto investor. I am only surprised because the information was sent by Binance and they have also been involved in a lot of issues lately which I believe may affect their reputation.

Honestly, the information is helpful but the captivation the heading gave me was not seen in the post.
We cannot outrightly say that Binance lied. There are people who also makes a lot of fortune from margin trading. So, what they did was an advertisement.
And no brand advertises her brand with the side effects. Advertisement goes with the sweetest and most positive words.
So, Binance did not lie. We can only say that it's a lie if actually nothing like margin trade exists.

Isn't that the very reason why the rule of thumb of DYOR is incessantly being told to users, especially newbies, I don't really know if the message by Binance is wrong or not, but what I know is that they are not compelling anyone to do anything, if a user gets that message and just takes it in hook, line and sinker, then whatever the consequences are is definitely on them, as a crypto user you're meant to verify every message you get and check if it actually suits you or not. Every service one uses will always try to advertise for themselves to make money, you shouldn't be convinced by their adverts, you must always DYOR and draw your conclusion.

If you got hypnotized with this trick, it absolutely makes you fool and do follow what they say, and ended up losing.

I've received so many emails coming from Binance as well but never I do what they promoted. As for me, why I should have to do this since I know in myself that it can be hard and I'm not capable of doing this. I read it and just simply ignore it.

As I'm doing spot trading, I'd live with such confidence but to try getting into a higher level of risk in leverage trading or in futures trading, that is out of my mind now even they will say there is a bigger chance to profit more. Well, that seems a bigger chance to lose (just for my personal assessment).

No but I did not click on "view more" as it displayed "view more and try margin trading now". I did not because I was expecting it to take me to binance margin trading directly as usual. I have only seen that similar quote ones before and not long when I joined binance and it was through an email. If I saw it there, I wouldn't have created this. I believe some other binance users saw the notification message on their binance account, they should be able to testify to this. I have deleted the messgae as it really annoyed me, I would have gone all the way to login on web to see if I can copy the link and paste it here. Nothing like warning, I am wondering why some people are supporting binance doing this, I have come to think if they are binance officials.

I can't get a copy of that specific promotional email anywhere, but I have seen some others around that do include a risk warning on the footer of the email. This is something that should have been included here, and is something that is aligned to what I mentioned on my prior post on this thread.

Example for an older promotional email from Binance related to Futures:

Was a similar footer not present on this occasion?

The best advice is to add discretion to all your decision it doesn't matter if you are a trading margin or spot trading and binance messaging its clients is a way to promote their new features but in all don't get too greedy stick to what works for you.