Topic: Lies in the world - page 2. (Read 455 times)

Well, I find what Binance does morally questionable, although it is true that strictly speaking they are not lying.

OP, is there no fine print in the message warning of possible losses?

The truth is they paint it very pretty but if I had to send an email to counter I would say margin trading is the best way to lose a lot of money very fast, description that is quite a departure from how they paint it.

That is what happens to the world.
You have your choice to be part of that lies or you can stay on your right track.
You do not have to bother with that everything that seems to be lies so you do not lose your focus to do whatever you do to achieve your goals.
Related to trading, you do not have to feel tempted because of the exchange offers because you can not expect to make a big profit from that way instead still use your way that can make you feel comfortable in analyzing the market and have a chance to make a profit.
But if you have a curiosity, you can try to go that way but I can only remind you that do not risk too much money that you can afford to lose because if you use that way, the risk will become bigger than the spot trading.

that binance promotion ftx do the same with FTX futures that comes up in coingecko, but please take the ads carefully

personally i dont recomendded with margin trading futures or trade with leverage is high risk cauce i do lost much  but it can make profit fast to

leverage trading is for more advance trader if u confuse what trade trype shoul you choose i will pick Spot

More advertisements or promotions are always sent by certain platforms so far, from the fake or scammers until the reputable platforms. Yeah, the promotions will be always very promising, they will do it in order to attract the users to do something that they want. But you are right, they are moreover doing this for business. And business is always business, the point is about getting profits and money from their users.

I cannot blame Binance or other platform, because this is one of the promotions.
And about trading type, Spot trading is the best trading for moreover beginners. I always say to my friends that even we only earn small profits, but trading in Spot is less risks and trading in future or with leverage.
We also know that it is true that trading in leverage can really multiple our money so easily, but it can also lose our money so easily.
So depend on you, if  you are  a professional trader who has been usual, professional and  also high risk taker, trading in future or with leverage is very promising and many people have proven about this.
But f we are new to this, never try it at first.

From my observation the probability of getting straight line information is very difficult currently, let us not capitalize in government only because this lies is versatile or generally in which i know vividly that it extend to the grassroots, even investor forbid to portray the truth that will lead another to huge profit to cryptocurrency, in some extent i can't blame people who adventure into false information because some elements of people benefit through fake and false information from different domination.

Yes oo, I also received such reward from KuCoin telling me to go into trading, but sometimes they will tell you to into it and person will end up loosing his/her entire assets. Also some project promoters also lie so that the project they promoting will get good investors, and after a while they will display there real color living almost all investors in loosing there investment

So who is making the mistake? I won't say they're lying but if a naive newbie got attracted by the words and his greed gets kicked on so he is driving into the margin trading without actually knowing what it is then he has to face whatever the results comes.

Some promotion could be misleading as newbie with little or no experience will dive into either margin, spot or future trading hoping to get good return and end up draining down their trading wallets. If such adverts should be considered then the risk involved should also be stated so it becomes clair the have the interest of their investors at heart not just considering how the intend engaging people in a risky adventure

No detailed information, the information is only about how to make more profit, nothing like how it is riskier. The message will also be sent to other binance users which can make them to try and lose more.


This is a forum, it is different from binance. People that are saying trading is profitable on this forum also speaks of the risks but not only the profit.

Binance know most traders are losing, they have it in their stat, the most traders are the leverage traders. All they know is their pocket even if new people that just registered on their site is losing.

I keep asking myself one question every single time I find perplexities like these 
   ain't these peeps doing this just like a normal business? If yes' then what makes you think profit shouldn't be made?
They'd wanna make profits to pay promoters and the company as well. You're receiving mails from binance right? It's called "Ad" (advert) kind of,well that's not even the point here.
 Any trader will always prepare to loose coins and the are no two ways bout it bud,you loose for the company to earn; you'll keep earning few bucks but the day your greed leads you down the wrong track, YOU MUST LOOSE!!

Yes, there are many lies in this world. So it is up to each of us to make the right choices. We all have to decide for ourselves if the right choice is to stay with the truth or look for someone to just tell us what we want to hear. However, I do not see any lies in this email. It is merely a way of marketing promotion. It is up to you whether you accept it or not.

The name of the game is to be cautious of everything and everyone. I don't think it should be a zero trust mentality, but everyone should be here with and open heart and a cautious mind, because, unfortunatelly, people will be people. Crypto could beba wonderfull place, but we not there yet.

I think they've put the right term of what margin trading is and that's about 'betting'. I guess those newbies would be seeing that clue that margin trading is literally a gamble.

A promo that would want other users to try them with that feature. But I agree that the newbies that will receive the email might go in that promo without understanding it since they might just look at "amplify your profits".

Where is the lie?

Yet this forum is filled with poeple saying that trading is a source of income and is better than holding, poeple who claim that by trading they have managed to become independent and so on and on..
So, does this mean the forum is also full of liars? 

If you do not have the right skills in trading, you better not try leverage trading because that will be riskier than spot trading and if you lose, you can lose so big and it is hard to recover your loss even if you add more funds to your leverage trading balance. Even if you are an experienced trader, it is still not easy to trade using leverage trading. The exchange know how to use the greediness from traders, most of them want to make a bigger profit but they do not realize the risk.

True, that is something very disappointing. But I don't have to worry too much about that because in the end every individual will be held accountable for their actions (if they believe in god).

The most annoying thing is that the government does not want to accept criticism even though all the criticisms are true. The lies seem very real but when someone criticizes them then jail is the consequence. This is the situation that happened in my country, maybe you also agree that freedom of speech is a natural thing for a democracy but not many people dare to speak the truth and criticize the government because they are afraid of the consequences. But I believe this has nothing to do with your thread.

About the lies in the crypto space, I think it's something that most people already know. There have been many cases against crypto users where they didn't really manage to detect scammers trying to get their hands on their money. Phishing via email is one of them, but I have a habit that maybe you can practice when registering on an exchange or other service platform, namely using a new email whose password must be different from every other important account you have. This is a precaution to increase your security against phishing via email and I've been doing it regularly so far.

OP, there's nothing wrong with the mails you got from Binance. It's promotional and every business running new products always find ways to advertise them. There's nothing unethical about that. For the fact that you're scared of margin trading doesn't mean there aren't traders who make a kill from trading it over spot trading. Profitable margin traders will be glad to click such links to find out what new stuff Binance is offering. Don't see it as lies, companies like blowing up their little advantages over the downtown they give.

By looking at the screenshot it looks quite clear that it is just a promotional mail from binance. Not only you but everybody gets it.
Also, if binance is sending you promotional mails about futures trading doesn't mean you actually have to do it.
Yes it's true that binance makes a lot more profits from their leveraged trading because most of the people lose money in leverage and get their funds liquidated.
Even I have got my funds liquidated 3-4 times which is why I stopped it. We can't call it a lie because there are people who also make good profits from it.
It all depends on how good we are at crypto trading.

I wouldn’t exactly call it a lie ("can" is true, "will" wouldn’t be), but an oversimplified message to draw attention towards what they are offering (margin trading). I don’t know where the "view more" link leads you too, but I assume it’s somewhere in the lines of this: https://www.binance.com/en/margin-trading. There, margin trading is explained in greater depth, provided one bothers to read all there is to read on the webpage (TOS included), as opposed to skimming through and going into action.

Now for those who lack the willpower to read things through thoroughly, and to think things through above all, the message is enticing enough to push a positive imprint into the reader’s mind, which is what publicity tends to do in general. Some sectors though are forced to include some (very small) fine print in their adds, in order to warn of the associated risks. I’d expect to see that coming to the crypto industry as time goes by and regulation/supervision steps in to the way things are/should be publicized.

Kucoin does this as well, they even send you free USDT to tempt you into leverage trading! Any trading is risky, but leverage is for whales who can afford to lose and not be too bothered about it. Would be good if they mentioned that this is more for experienced traders but that is unlikely to happen