[POLL] Will BNB crash? Will Binance go bankrupt? - page 5.

fullhdpixel

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Quote from: Abiky on January 27, 2023, 09:32:35 AM

CZ considered FTX as a threat to its dominance on the crypto industry (it was the second-largest crypto exchange), so he had no other choice but to "destroy" it by dumping FTT tokens. You don't mess with the "crypto kingpin" after all. Binance is now too powerful, setting a dangerous precedent for the entire crypto/Blockchain space. A collapse of the biggest crypto exchange in the world, would cause a severe harm to the industry that would leave it with no room for recovery. Not only that, but Binance becoming a monopoly would pose huge centralization risks for the entire space.

Binance's native token (BNB) may be down, but it will emerge bigger and stronger than ever as it's backed by the biggest crypto exchange in the world. I'd say bankruptcy is very unlikely right now. I hope other exchanges step up to the game (Huobi, Coinbase, etc) just to take out as much market dominance from Binance as possible. Once Binance is no longer a monopoly, nothing should stop crypto from achieving its full potential. Who knows what the future lies for the entire industry? Just my thoughts Grin

CZ can do this again on other crypto exchange who has their own token but those who don't have their own tokens are lucky because they are safe from this game. They have a good chance to advance in the top ranks. With what power binance have, do you still think that it will collapse?

I don't really think so but if let say it is then I think there are still a chance for recovery because there are still plenty of exchanges left and then there is always new exchange that comes out every day, ready to replace the position of those who collapsed. Even though binance is considered to be a monopoly, I think there is still a chance that crypto will boom and binance still have their own contribution about it.

Abiky

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Quote from: bbc.reporter on January 17, 2023, 09:11:04 PM

It was not a rumor. CZ was the one who triggered the collapse of FTX by dumping FTT. Sam was using FTT as collateral in much of their loans and the dump on FTT's price caused liquidations on those loans.

On CZ, it is becoming more concerning. There is a rumor saying that an insolvent platform is manipulating this pump before conducting of an audit. However, no one is sure if the insolvent platform is Binance, Digital Currency Group or another platform. What we can be quite certain of is a pump was what also what FTX orchestrated before their audit. Someone might be doing the same tactic hehe.

CZ considered FTX as a threat to its dominance on the crypto industry (it was the second-largest crypto exchange), so he had no other choice but to "destroy" it by dumping FTT tokens. You don't mess with the "crypto kingpin" after all. Binance is now too powerful, setting a dangerous precedent for the entire crypto/Blockchain space. A collapse of the biggest crypto exchange in the world, would cause a severe harm to the industry that would leave it with no room for recovery. Not only that, but Binance becoming a monopoly would pose huge centralization risks for the entire space.

Binance's native token (BNB) may be down, but it will emerge bigger and stronger than ever as it's backed by the biggest crypto exchange in the world. I'd say bankruptcy is very unlikely right now. I hope other exchanges step up to the game (Huobi, Coinbase, etc) just to take out as much market dominance from Binance as possible. Once Binance is no longer a monopoly, nothing should stop crypto from achieving its full potential. Who knows what the future lies for the entire industry? Just my thoughts Grin

blockman

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Quote from: samcoin on January 17, 2023, 03:06:22 PM

If CZ wasn't intelligent, his company wouldn't last this long in a changeable Crypto market. we have seen many exchanges rise up then fall rapidly because this market lacks stability and has high competition between various entities to control the industry.

I'm pretty sure that it's not only him that's intelligent beyond his company. There go the other talented people that he's working with or we should say that he has employed and works under him.
It's a corporation and not all decisions are solely from him so the other people involved in their company are also intelligent and they're adopting the changes that are happening in the market.

Quote from: samcoin on January 17, 2023, 03:06:22 PM

If I told someone now that Bittrex and Poloniex were the leading Crypto exchanges before the appearance of Binance, they wouldn't trust me considering the current positions and popularity of the said exchanges.
CZ proved himself as real player, and I think he will remain one of the biggest players in Crypto until the entrance of more intelligent competitor.

Those people that are new will never believe you until they start to make their own research.

bbc.reporter

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Quote from: Inspiron14 on January 15, 2023, 12:59:45 PM

Quote from: Adbitco on January 15, 2023, 08:20:47 AM

Currently I don't think Binance would passed through these process as FTX does, the exchange is known to be a global leading exchange and for that is a strong and solid trading platform.
I can't even imagine seeing bnb going that low to an extent of being just $100, but have you also forgotten that they have their own blockchain where lots of funds are being generated via transaction fees and many more?

I really understand that CZ is indeed rumored to be the mastermind behind the collapse of FTX, and of course it will make Binance also be affected,
but I think CZ has gone beyond this news and until now CZ is really working fully and brushing aside the nonsense from the news,
I myself am not worried about BNB going bankrupt, because that's impossible if you look at the current performance of CZ now.

It was not a rumor. CZ was the one who triggered the collapse of FTX by dumping FTT. Sam was using FTT as collateral in much of their loans and the dump on FTT's price caused liquidations on those loans.

On CZ, it is becoming more concerning. There is a rumor saying that an insolvent platform is manipulating this pump before conducting of an audit. However, no one is sure if the insolvent platform is Binance, Digital Currency Group or another platform. What we can be quite certain of is a pump was what also what FTX orchestrated before their audit. Someone might be doing the same tactic hehe.

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Quote from: milewilda on January 17, 2023, 05:05:04 PM

Quote from: samcoin on January 17, 2023, 03:06:22 PM

Quote from: posi on January 15, 2023, 06:55:18 PM

Recently, Binance has taken a step forward compared to other exchanges, they are ramping up recruitment and preparing to expand into countries they have yet to go to. Meanwhile, exchanges like coinbase or Huobi are laying off employees due to financial difficulties caused by bear season. This is enough to show how big of a growth and sustainability CZ brings to Binance. No one can guarantee that Binance will last forever, but with these little Fuds, taking down Binance is impossible.

If CZ wasn't intelligent, his company wouldn't last this long in a changeable Crypto market. we have seen many exchanges rise up then fall rapidly because this market lacks stability and has high competition between various entities to control the industry. If I told someone now that Bittrex and Poloniex were the leading Crypto exchanges before the appearance of Binance, they wouldn't trust me considering the current positions and popularity of the said exchanges.
CZ proved himself as real player, and I think he will remain one of the biggest players in Crypto until the entrance of more intelligent competitor.

Im much aware on how Poloniex and Bittrex did really dominate the market wayback on those previous years and then suddenly been replaced by Binance.We would all be presuming that on what happened into those 2 would eventually happen into Binance which i do believe that CZ had already prepared for that? Just common sense..I do agree into those words in speaking about being intelligent and wise on handling out his company
and its true that it is really just easy to replace a certain platform or company in a snap if we do speak about popularity and certain degree of relevance.
BNB will crash? It would really be always depending on the fundamentals or performance of Binance itself which it would really definitely reflect out.

with all the hullabaloo happening in this market, CZ more then likely are already steps ahead of everyone. i don't think he would just sit there and relax if he knows his company is about to fall. nope. so unless, there is major financial situation that he will be under the scrutiny of the govt or authorities, i believe he is still doing great. we will know if his platform is about to fail if there will be some rumours surrounding about CZ's mismanagement of his platform.

milewilda

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Quote from: samcoin on January 17, 2023, 03:06:22 PM

Quote from: posi on January 15, 2023, 06:55:18 PM

Recently, Binance has taken a step forward compared to other exchanges, they are ramping up recruitment and preparing to expand into countries they have yet to go to. Meanwhile, exchanges like coinbase or Huobi are laying off employees due to financial difficulties caused by bear season. This is enough to show how big of a growth and sustainability CZ brings to Binance. No one can guarantee that Binance will last forever, but with these little Fuds, taking down Binance is impossible.

If CZ wasn't intelligent, his company wouldn't last this long in a changeable Crypto market. we have seen many exchanges rise up then fall rapidly because this market lacks stability and has high competition between various entities to control the industry. If I told someone now that Bittrex and Poloniex were the leading Crypto exchanges before the appearance of Binance, they wouldn't trust me considering the current positions and popularity of the said exchanges.
CZ proved himself as real player, and I think he will remain one of the biggest players in Crypto until the entrance of more intelligent competitor.

Im much aware on how Poloniex and Bittrex did really dominate the market wayback on those previous years and then suddenly been replaced by Binance.We would all be presuming that on what happened into those 2 would eventually happen into Binance which i do believe that CZ had already prepared for that? Just common sense..I do agree into those words in speaking about being intelligent and wise on handling out his company
and its true that it is really just easy to replace a certain platform or company in a snap if we do speak about popularity and certain degree of relevance.
BNB will crash? It would really be always depending on the fundamentals or performance of Binance itself which it would really definitely reflect out.

samcoin

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Quote from: posi on January 15, 2023, 06:55:18 PM

Recently, Binance has taken a step forward compared to other exchanges, they are ramping up recruitment and preparing to expand into countries they have yet to go to. Meanwhile, exchanges like coinbase or Huobi are laying off employees due to financial difficulties caused by bear season. This is enough to show how big of a growth and sustainability CZ brings to Binance. No one can guarantee that Binance will last forever, but with these little Fuds, taking down Binance is impossible.

If CZ wasn't intelligent, his company wouldn't last this long in a changeable Crypto market. we have seen many exchanges rise up then fall rapidly because this market lacks stability and has high competition between various entities to control the industry. If I told someone now that Bittrex and Poloniex were the leading Crypto exchanges before the appearance of Binance, they wouldn't trust me considering the current positions and popularity of the said exchanges.
CZ proved himself as real player, and I think he will remain one of the biggest players in Crypto until the entrance of more intelligent competitor.

posi

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Quote from: Inspiron14 on January 15, 2023, 12:59:45 PM

Quote from: Adbitco on January 15, 2023, 08:20:47 AM

Currently I don't think Binance would passed through these process as FTX does, the exchange is known to be a global leading exchange and for that is a strong and solid trading platform.
I can't even imagine seeing bnb going that low to an extent of being just $100, but have you also forgotten that they have their own blockchain where lots of funds are being generated via transaction fees and many more?

I really understand that CZ is indeed rumored to be the mastermind behind the collapse of FTX, and of course it will make Binance also be affected,
but I think CZ has gone beyond this news and until now CZ is really working fully and brushing aside the nonsense from the news,
I myself am not worried about BNB going bankrupt, because that's impossible if you look at the current performance of CZ now.

Recently, Binance has taken a step forward compared to other exchanges, they are ramping up recruitment and preparing to expand into countries they have yet to go to. Meanwhile, exchanges like coinbase or Huobi are laying off employees due to financial difficulties caused by bear season. This is enough to show how big of a growth and sustainability CZ brings to Binance. No one can guarantee that Binance will last forever, but with these little Fuds, taking down Binance is impossible.

Inspiron14

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Quote from: Adbitco on January 15, 2023, 08:20:47 AM

Currently I don't think Binance would passed through these process as FTX does, the exchange is known to be a global leading exchange and for that is a strong and solid trading platform.
I can't even imagine seeing bnb going that low to an extent of being just $100, but have you also forgotten that they have their own blockchain where lots of funds are being generated via transaction fees and many more?

I really understand that CZ is indeed rumored to be the mastermind behind the collapse of FTX, and of course it will make Binance also be affected,
but I think CZ has gone beyond this news and until now CZ is really working fully and brushing aside the nonsense from the news,
I myself am not worried about BNB going bankrupt, because that's impossible if you look at the current performance of CZ now.

Adbitco

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Currently I don't think Binance would passed through these process as FTX does, the exchange is known to be a global leading exchange and for that is a strong and solid trading platform.
I can't even imagine seeing bnb going that low to an extent of being just $100, but have you also forgotten that they have their own blockchain where lots of funds are being generated via transaction fees and many more?

Woodie

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Looking at the poll results shows clearly no one wishes for the bankruptcy of Binance because hate them or love them they are in some way ambassadors of the crypto ecosystem and we need more of these for btc and other altcoins to succeed... Binance might have their short comings in some areas but they are a key player in all this, and besides if they go down now.. it leaves everyone with trust issues with these exchanges and it will be difficult to connect fiat and crypto on a large scale which Binance manages to do.

Quote from: OgNasty on December 15, 2022, 07:38:07 PM

I’ll be surprised if Binance isn’t below $100 in 90 days…

So many supporting activities going on with Bnb, token burns, binance still the biggest exchange,among the most popular and transaction fees are low so many reasons keeping Bnb relevant if you ask me.

Quote from: OgNasty on December 15, 2022, 07:38:07 PM

My takeaway from this… The more BTC people withdraw from exchanges, the higher the price of BTC will go.

In a way this is true as most of Bitcoins potential is being held by these altcoins

fmz89

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Many people believe there is 2 big dump in this year + before halving just like cycle before, at this point btc still strong, only really bad news like binance & usdt fit these categories, and macroeconomic began sign of recovery. QT still run at 95b per month till end of 2024, but doesnt meant fed gonna doing their plan accordingly. For me only 10% fund left for exchange, but yeah macro & these bad news left user fund outside exchange, good for whale accumulation

eaLiTy

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Quote from: WalkerIVIV on January 04, 2023, 09:28:40 AM

the day you will see binance going bankrupt is the day you gonna lose your trust in these exchanges, honestly binance is better than the other I couldn't see it collapsing before the other collapses first.
I think therefore binance will hardly ever going bankrupt unless they messed up really bad in their reserve fund management but seeing they have tremendous reserve fund I could hardly see it going bankrupt someday in the future.

How many the so called top exchanges should go down for people to understand that you cannot really trust these centralized exchanges. Binance right now have all the leverages and might be calling the shots, FTX and SBF were doing that for a short period and everyone was seeing him as a savior that was rescuing all the bankrupt companies and we all know what happened. How do you really know CZ is not messing things up, the exchange was hacked in the past and millions lost for the exchange.

Tigerheart3026

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Quote from: GreatArkansas on January 03, 2023, 07:55:17 AM

For me, BNB and the Binance Exchange is a really big players in cryptocurrency right now.
But if we will separate BNB and Binance Exchange, it's all good. As long Binance Exchange will stay, BNB will not crash, because I believe the BNB is powered by Binance Exchange plus their smart contract platform which is Binance Smart Chain.
I am more worried on Binance Exchange.

binance is rich peoples exchange i think also it’s big traders exchange i mean those are whole in crypto.
if i will separate bnb is nothing without binance exchange,
everyone's trust binance exchange as a number one crypto exchange, bnb future is depend on their exchange.

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Quote from: JeffBrad12 on January 06, 2023, 06:42:21 PM

binance will never go bankrupt, even with all these fuds it still strong and unwavered, binance is like strong company that does everything to make the company even stronger, even right now their valuation is already tremendously high, moreover binance is quite carefuly with their investment funds, I don't see binance just throwing money at any project that seems promising unlike certain platform, I think for now until next decades binance is still quite good exchange relatively safe enough from bankruptcy, even though their BNB might always have the chance of losing its value quite literally anytime, I think everyone should treat binance and bnb as different entity even though it has utilities within the exchange itself.

It is true that they are 2 different entities but created by the same company, if the parent company collapses none of them will survive. I also have faith in the solidity of Binance and it will be even stronger after the past Fuds. But you should not declare that it will never go bankrupt, that is not true because even bitcoin we cannot claim that it will never die. Do not put too much trust in 3rd parties, always have a backup plan when using them, anything can happen.

JeffBrad12

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binance will never go bankrupt, even with all these fuds it still strong and unwavered, binance is like strong company that does everything to make the company even stronger, even right now their valuation is already tremendously high, moreover binance is quite carefuly with their investment funds, I don't see binance just throwing money at any project that seems promising unlike certain platform, I think for now until next decades binance is still quite good exchange relatively safe enough from bankruptcy, even though their BNB might always have the chance of losing its value quite literally anytime, I think everyone should treat binance and bnb as different entity even though it has utilities within the exchange itself.

goaldigger

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Quote from: Johnyz on January 06, 2023, 04:44:55 PM

Quote from: WalkerIVIV on January 04, 2023, 09:28:40 AM

the day you will see binance going bankrupt is the day you gonna lose your trust in these exchanges, honestly binance is better than the other I couldn't see it collapsing before the other collapses first.
I think therefore binance will hardly ever going bankrupt unless they messed up really bad in their reserve fund management but seeing they have tremendous reserve fund I could hardly see it going bankrupt someday in the future.

That’s true this is worst and we should not let this to happen because Binance dominates the market and if they go bankrupt, the whole market will collapse. What happen to the FUD on Binance now? i think its slowly dying and Binance manage to ignore it without affecting its value. Binance should increase more their security and of course their reserve funds to give assurance to every investors that they are safe with Binance.

There’s no FUD anymore with Binance, probably they are convinced that they can’t hurt Binance that much and realize that it is more established than what they are thinking. Binance proves to be the best CEX and they know their role in cryptomarket, if something bad to happen with Binance that can affect the market and maybe that can make this bear market worst as many will start to panic again.

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Quote from: WalkerIVIV on January 04, 2023, 09:28:40 AM

the day you will see binance going bankrupt is the day you gonna lose your trust in these exchanges, honestly binance is better than the other I couldn't see it collapsing before the other collapses first.
I think therefore binance will hardly ever going bankrupt unless they messed up really bad in their reserve fund management but seeing they have tremendous reserve fund I could hardly see it going bankrupt someday in the future.

That’s true this is worst and we should not let this to happen because Binance dominates the market and if they go bankrupt, the whole market will collapse. What happen to the FUD on Binance now? i think its slowly dying and Binance manage to ignore it without affecting its value. Binance should increase more their security and of course their reserve funds to give assurance to every investors that they are safe with Binance.

redsun114

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The poll results are so important and very much what we like to see. Everyone knew that there is a problem with the news itself and not Binance, because we all know how strong Binance was and all of this was a FUD and we knew that nothing would happen.

However, there was still a few problems going wrong and I believe that it shouldn't have gone this way, unfortunately there was nothing that stopped it and that's why we are facing this problem, the media will say whatever they want to say to decide what the narrative will be and put people into that discussion. If you say "binance is not having a trouble" you are already speaking about this, and that's what media wants.

WalkerIVIV

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the day you will see binance going bankrupt is the day you gonna lose your trust in these exchanges, honestly binance is better than the other I couldn't see it collapsing before the other collapses first.
I think therefore binance will hardly ever going bankrupt unless they messed up really bad in their reserve fund management but seeing they have tremendous reserve fund I could hardly see it going bankrupt someday in the future.

Topic: [POLL] Will BNB crash? Will Binance go bankrupt? - page 5. (Read 1480 times)