Recent ftt ftx binance fud | Bitcointalksearch.org

aylabadia05

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Quote from: Fullbear2222 on November 08, 2022, 12:20:22 PM

Quote from: aylabadia05 on November 08, 2022, 11:59:40 AM

Whether Fud or not, FTX and Binance in some media are reportedly starting to have something uncomfortable. The reason, Binance CEO reportedly began to liquidate all their FTT.
What we know is that so far Binance and FTX are tight exchange competition.
Basically, this incident shows us that storing assets in centralized exchange does not provide a strong level of security.

Source:
[1] https://twitter.com/cz_binance
[2] https://cointelegraph.com/news/bitcoin-price-hits-2-week-lows-as-ftx-bank-run-drains-btc-reserves
[3] https://bitcoinmagazine.com/markets/the-exchange-war-ftx-faces-liquidity-crisis

We Are just regular people we don't know much about complex things.
All i want is this: If i lose money binance orbwho Ever it Will be will refund my losses or Taking responsebility to make something good.
What the FTX did or binance with ftx we dont Care to be honest all i know is that i want money in my crypto wallet.

As a trader, you must know and must find out about the exchange you choose to trade, especially if you experience problems such as the FTX exchange.
I have an account on the FTX exchange, but I don't keep any assets on it and because of the conditions FTX is in right now it makes me very lucky when they stopped withdrawals.

If you have deposited funds in FTX, for now you can only wait to see if your funds will be returned.

bittraffic

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Quote from: tbct_mt2 on November 10, 2022, 09:53:57 PM

It is not a simple fud because it was originated from bad capital and risk management of FTX and Sam Bank-Fried. The report from Coindesk in early of November is a start of the fud wave. A few days later, CZ announced that Binance after considering about risk, decided to liquidate all FTX they have in portfolio. That is a trigger of FTX and FTT crash.

To be frankly, there are reasons to make people panic and it is not a baseless fud like what we often see with cryptocurrency news on social media. This one is very very serious and based on real report.

It's the reality of FTX. They've mismanaged the funds by using the token they created as collateral. With the token having very little demand, it's not going to survive when someone dumps millions of FTT in a bear market. The volume is not even enough, it's a fact. If CZ denied bailing out FTX, he must have seen the balance sheet can't be rescued.

It's too big to fail but looking at how much they are worth right now seems pretty much a certain demise unless someone like the government catches them from falling.

tbct_mt2

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It is not a simple fud because it was originated from bad capital and risk management of FTX and Sam Bank-Fried. The report from Coindesk in early of November is a start of the fud wave. A few days later, CZ announced that Binance after considering about risk, decided to liquidate all FTX they have in portfolio. That is a trigger of FTX and FTT crash.

To be frankly, there are reasons to make people panic and it is not a baseless fud like what we often see with cryptocurrency news on social media. This one is very very serious and based on real report.

tvplus006

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Quote from: cabron on November 08, 2022, 12:06:42 PM

It's not a fud. It's taking down a competitor...

It turns out that FTX spent the funds of its clients without their consent to invest in new projects with the participation of Alameda Research, and the Binance is to blame for this? Buying such compromised assets is a mistake. It will take a long time for the new management of the FTX exchange to regain the trust of customers. But it is unlikely that it will be restored in full.

lixer

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Quote from: Plaguedeath on November 09, 2022, 03:12:15 AM

It's not FUD, but it's just people who panic without any sense. Actually you're don't need to use Binance or FTX if you want to trade Bitcoin, there's a way to trade Bitcoin by P2P trading or decentralized exchange. This kind problem wouldn't happen in P2P trading or DEX because the platform has no way to control our money. You can withdraw anytime and you can buy Bitcoin at anytime, no one will limit you except if you don't find the person who want to trade.

They won't panic for nothing but they panic because they are scared of what can happen with FTX, FTT and the CRYPTO MARKET. It's not a fud but its a real deal. There is a reason behind this on why this is happening but what I know is that fuds are only imaginary. They are not real but only use or being push to scare the people to do a certain action according to what the fudders wants. But, you are right there.

Even if Binance and FTX betrayed us, there are still other exchanges left, not just decentralized or p2p. There is Kuckoin, Houbi, MCEX and many more great alternatives. P2p and dexe's have an advantage but many people rely the most on cex.

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Quote from: Plaguedeath on November 09, 2022, 03:12:15 AM

It's not FUD, but it's just people who panic without any sense. Actually you're don't need to use Binance or FTX if you want to trade Bitcoin, there's a way to trade Bitcoin by P2P trading or decentralized exchange. This kind problem wouldn't happen in P2P trading or DEX because the platform has no way to control our money. You can withdraw anytime and you can buy Bitcoin at anytime, no one will limit you except if you don't find the person who want to trade.

As the big players in the market make aggressive decisions, I think traders will be more attracted to decentralized exchanges, then the big players will attack those exchanges in different ways. The activities taking place in the recent market, common investors/traders like us have no choice but to sit and watch.

Traders need to ensure that access to funds remains with them to keep their funds safe, centralized exchanges are becoming dangerous. Because there is no guarantee when an exchange will stop withdrawals, if something like this happens then the trader will have no options.

Fullbear2222

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Quote from: Plaguedeath on November 09, 2022, 03:12:15 AM

It's not FUD, but it's just people who panic without any sense. Actually you're don't need to use Binance or FTX if you want to trade Bitcoin, there's a way to trade Bitcoin by P2P trading or decentralized exchange. This kind problem wouldn't happen in P2P trading or DEX because the platform has no way to control our money. You can withdraw anytime and you can buy Bitcoin at anytime, no one will limit you except if you don't find the person who want to trade.

Every dmp is fud without dmp we dont have pmp.

Plaguedeath

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It's not FUD, but it's just people who panic without any sense. Actually you're don't need to use Binance or FTX if you want to trade Bitcoin, there's a way to trade Bitcoin by P2P trading or decentralized exchange. This kind problem wouldn't happen in P2P trading or DEX because the platform has no way to control our money. You can withdraw anytime and you can buy Bitcoin at anytime, no one will limit you except if you don't find the person who want to trade.

EarnOnVictor

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Quote from: Fullbear2222 on November 08, 2022, 09:15:40 AM

It was other fud nothing new in this game.
Ftt ftx binance
Anyways we not scared BIG guys like binance and ftx never fall they are future Banks and we Are not scared of this fud i will buy a ftt SOL and bnb becouse i know they are too big too fall.

I just don't get it how they think people Will be fooled we know it's just another fud and shake off so Im surprised anyone still belive those fud schemes anymore.

If something happens wlth ftx and binance then crypto IS over crypto Are done becouse ftx and binance protecting our assets in their custody.
Also ftx and binance have best futures derivates services for traders.

So we know nothing Will Ever happening with those ones.
Also Solana Are good and safe just another scam to scared traders

First, don't say nothing could ever happen to a company, we should pray it does get worse than this. This FUD is the reason why Bitcoin and other cryptos tumbled so much in recent days, and it could be scary if you have a sufficient amount as a crypto asset. But one thing that is sure is that Bitcoin will ever remain standing if anything bad happens to them.

Bitcoin was here before the two exchanges, it will remain after them. Their insolvency will only affect futures trading severely.

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Quote from: Fullbear2222 on November 08, 2022, 10:38:52 AM

Nowdays people trust their exchangers we Are not in MT ox times btw exchangers did refund many times hacks and losses Im not worry about.

I don't share your confidence, since not your keys, not your coins, but if you're not worried, that's great.

Quote from: Fullbear2222 on November 08, 2022, 10:38:52 AM

Ftx and binance Are one of the biggest ones sure they can cover all the losses.
Anyways all those kind of news Are just rumours and fud nothing really serious going on with FTX either.

Meanwhile FTX stopped withdrawals and there's a chance they'll be bought by Binance ... exactly to provide the money the customers deposited and FTX wasted on other deals (FTT).

Quote from: Fullbear2222 on November 08, 2022, 12:20:22 PM

We Are just regular people we don't know much about complex things.

Since you talk in Trading Discussion I expect you're a trader. And as trader you should know all these "complex things" because they can (and do) affect the prices.

Quote from: Fullbear2222 on November 08, 2022, 12:20:22 PM

All i want is this: If i lose money binance orbwho Ever it Will be will refund my losses or Taking responsebility to make something good.
What the FTX did or binance with ftx we dont Care to be honest all i know is that i want money in my crypto wallet.

Actually if Binance doesn't buy FTX and FTX declares itself insolvent you may get no money back or only parts of your money.
This is how the things work. Not even too complex...

electronicash

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Quote from: Fullbear2222 on November 08, 2022, 12:20:22 PM

Quote from: aylabadia05 on November 08, 2022, 11:59:40 AM

Whether Fud or not, FTX and Binance in some media are reportedly starting to have something uncomfortable. The reason, Binance CEO reportedly began to liquidate all their FTT.
What we know is that so far Binance and FTX are tight exchange competition.
Basically, this incident shows us that storing assets in centralized exchange does not provide a strong level of security.

Source:
[1] https://twitter.com/cz_binance
[2] https://cointelegraph.com/news/bitcoin-price-hits-2-week-lows-as-ftx-bank-run-drains-btc-reserves
[3] https://bitcoinmagazine.com/markets/the-exchange-war-ftx-faces-liquidity-crisis

We Are just regular people we don't know much about complex things.
All i want is this: If i lose money binance orbwho Ever it Will be will refund my losses or Taking responsebility to make something good.
What the FTX did or binance with ftx we dont Care to be honest all i know is that i want money in my crypto wallet.

well we are in crypto already we might as well try to understand what is going on. its said to be insolvency or liquidity issue.
if ftx really have no money at all it has something to do with the liquidity which CZ saw the bank run coming.

we'll have to wait for the final settlement, i've read CZ will be acquiring ftx exchange but this is if he finds no insolvency in the book.

Fullbear2222

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Quote from: aylabadia05 on November 08, 2022, 11:59:40 AM

Whether Fud or not, FTX and Binance in some media are reportedly starting to have something uncomfortable. The reason, Binance CEO reportedly began to liquidate all their FTT.
What we know is that so far Binance and FTX are tight exchange competition.
Basically, this incident shows us that storing assets in centralized exchange does not provide a strong level of security.

Source:
[1] https://twitter.com/cz_binance
[2] https://cointelegraph.com/news/bitcoin-price-hits-2-week-lows-as-ftx-bank-run-drains-btc-reserves
[3] https://bitcoinmagazine.com/markets/the-exchange-war-ftx-faces-liquidity-crisis

We Are just regular people we don't know much about complex things.
All i want is this: If i lose money binance orbwho Ever it Will be will refund my losses or Taking responsebility to make something good.
What the FTX did or binance with ftx we dont Care to be honest all i know is that i want money in my crypto wallet.

cabron

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It's not a fud. It's taking down a competitor.
Its BNB domination and FTX sold to Binance are probably going to happen. Nice attack by CZ making the situation look like wallstreet. Before the bull run at least CZ made it simple for the industry to eliminate its competitor who is trying to appear like they are also on top of the space. Right now, its just clear that only Binance is the leader of crypto.

aylabadia05

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Whether Fud or not, FTX and Binance in some media are reportedly starting to have something uncomfortable. The reason, Binance CEO reportedly began to liquidate all their FTT.
What we know is that so far Binance and FTX are tight exchange competition.
Basically, this incident shows us that storing assets in centralized exchange does not provide a strong level of security.

Source:
[1] https://twitter.com/cz_binance
[2] https://cointelegraph.com/news/bitcoin-price-hits-2-week-lows-as-ftx-bank-run-drains-btc-reserves
[3] https://bitcoinmagazine.com/markets/the-exchange-war-ftx-faces-liquidity-crisis

Fullbear2222

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Quote from: NeuroticFish on November 08, 2022, 09:54:30 AM

Quote from: Fullbear2222 on November 08, 2022, 09:15:40 AM

Ftt ftx binance

Oh, yes, we really needed yet-anoter-new thread on FTX' problems, real or not. (/s)

Quote from: Fullbear2222 on November 08, 2022, 09:15:40 AM

I just don't get it how they think people Will be fooled we know it's just another fud and shake off so Im surprised anyone still belive those fud schemes anymore.

FTT going down is normal. Whether that's temporary or not, I don't know.
FTX seems to have some troubles at withdrawals and post some bullshitting on the matter on Twitter. You can look on the other threads for it. But temporary liquidity problems can possibly be also normal when withdrawals are on massive scale. Still, they look bad, especially as bad as they were explained.

Of course, people are free to believe what they want. Still, keeping big funds at centralized exchanges is never a good idea.

Quote from: Fullbear2222 on November 08, 2022, 09:15:40 AM

If something happens wlth ftx and binance then crypto IS over crypto Are done becouse ftx and binance protecting our assets in their custody.

No. It will look bad, that's clear, but crypto and bitcoin are not "done" just because of that. Most know to keep their funds under their control. Most know that "not your keys, not your coins", even the traders / risk takers.

Nowdays people trust their exchangers we Are not in MT ox times btw exchangers did refund many times hacks and losses Im not worry about.

Ftx and binance Are one of the biggest ones sure they can cover all the losses.
Anyways all those kind of news Are just rumours and fud nothing really serious going on with FTX either.

NeuroticFish

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Quote from: Fullbear2222 on November 08, 2022, 09:15:40 AM

Ftt ftx binance

Oh, yes, we really needed yet-anoter-new thread on FTX' problems, real or not. (/s)

Quote from: Fullbear2222 on November 08, 2022, 09:15:40 AM

I just don't get it how they think people Will be fooled we know it's just another fud and shake off so Im surprised anyone still belive those fud schemes anymore.

FTT going down is normal. Whether that's temporary or not, I don't know.
FTX seems to have some troubles at withdrawals and post some bullshitting on the matter on Twitter. You can look on the other threads for it. But temporary liquidity problems can possibly be also normal when withdrawals are on massive scale. Still, they look bad, especially as bad as they were explained.

Of course, people are free to believe what they want. Still, keeping big funds at centralized exchanges is never a good idea.

Quote from: Fullbear2222 on November 08, 2022, 09:15:40 AM

If something happens wlth ftx and binance then crypto IS over crypto Are done becouse ftx and binance protecting our assets in their custody.

No. It will look bad, that's clear, but crypto and bitcoin are not "done" just because of that. Most know to keep their funds under their control. Most know that "not your keys, not your coins", even the traders / risk takers.

mk4

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Quote from: Fullbear2222 on November 08, 2022, 09:15:40 AM

If something happens wlth ftx and binance then crypto IS over crypto Are done becouse ftx and binance protecting our assets in their custody.

? ? ?

If something bad actually happens to either party, as always it's going to just be a temporary market turbulence as always. Bitcoin and the cryptocurrency industry has went through a lot worse than an exchange being potentially insolvent.

Fullbear2222

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It was other fud nothing new in this game.
Ftt ftx binance
Anyways we not scared BIG guys like binance and ftx never fall they are future Banks and we Are not scared of this fud i will buy a ftt SOL and bnb becouse i know they are too big too fall.

I just don't get it how they think people Will be fooled we know it's just another fud and shake off so Im surprised anyone still belive those fud schemes anymore.

If something happens wlth ftx and binance then crypto IS over crypto Are done becouse ftx and binance protecting our assets in their custody.
Also ftx and binance have best futures derivates services for traders.

So we know nothing Will Ever happening with those ones.
Also Solana Are good and safe just another scam to scared traders

Topic: Recent ftt ftx binance fud (Read 200 times)