What makes Binance stay strong despite all FUD ? - page 2.

jossiel

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Quote from: mich on April 10, 2023, 02:36:48 AM

Well I have use Binance exchange for a long time. It has always been my preferred Crypto exchange. It will make no difference about the fud I read with cz or fud it will close down.
When they bought trust wallet I became more confident my alt coins would be safe. I keep most of my alt coins in trust wallet and have ever since it launched in 2017. I feel compared to some others that it is just much safer with Binance and the good history it has.

Trust wallet and Binance are two different services.

With trust wallet you can keep your altcoins there but it's a different story if someone still keeps on keeping their altcoins over Binance exchange. Binance truly has a good history and not just that, they've been witnessed on how they handle such situations.

Like when they were hacked and with all these fuds, I guess even not a fan of them will say that they won't be falling down that easy.

AmoreJaz

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Quote from: teramit on April 10, 2023, 05:03:58 PM

money + management

a very short answer but that's the reason why binance sustain its market position. also, with so many hullabaloos happening in this market, for sure, CZ already addressed those possible sources of allegations towards them. i can say, CZ is one of the top personalities in crypto that knows how to handle this business. now that they have their own resources, they can easily rectify what needs to be done before authorities keep on digging their existence.
they are already earning good money, so why not do things right so whoever will lurk around their system, it is already in place that they won't find any reason to sue them.

teramit

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money + management

mich

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Well I have use Binance exchange for a long time. It has always been my preferred Crypto exchange. It will make no difference about the fud I read with cz or fud it will close down.
When they bought trust wallet I became more confident my alt coins would be safe. I keep most of my alt coins in trust wallet and have ever since it launched in 2017. I feel compared to some others that it is just much safer with Binance and the good history it has.

FireDAOJackie_Z

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Quote from: kak uli on April 09, 2023, 07:15:33 PM

I think spreading bad news or wrong news about Binance is not enough to make Binance's reputation bad, in my opinion the FUD that is being spread will not be an effective tool to damage a reputation like Binance. which keeps them strong and continues to grow because Binance has a large supporter or community and the binance team has a clear mission. this is why binace survives

Well, loyal supporters are immune to FUDs and this of course helps Binance stay strong but the concern is from those non-loyal supporters who are simply the opportunists. If the allegations by the U.S government are true, Binance will face severe economic loss and reputation damage. Those opportunists will be most likely to walk away from Binance and this will cause the BNB price to drop dramatically and may cause a series of more collapses. If Binance can go through this tough time, its development will move onto the next level. Good luck to them.

kak uli

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I think spreading bad news or wrong news about Binance is not enough to make Binance's reputation bad, in my opinion the FUD that is being spread will not be an effective tool to damage a reputation like Binance. which keeps them strong and continues to grow because Binance has a large supporter or community and the binance team has a clear mission. this is why binace survives

shinratensei_

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Quote from: inanilujimi on April 09, 2023, 08:36:40 AM

Binance is in the hands of the right people, who continue to build to grow crypto, FUD is here to stay forever, Binance is well established in a market that has experienced a lot of all kinds of fud that exists and will be a very big problem in the crypto world if they go bust.

if they somehow eventually become bankrupt, due to some reason, I'd say it's gonna be causing massive chaos, binance has always become the gate for newbies in getting into cryptocurrency investments.
we all know that binance got some really good education resources and they are being consistently used by newbie, there's reason their liquidity and trading volume is huge, but the thing is, if they somehow went south, which of course they have the chance to be just like that, surely cryptocurrencies in general gonna be losing so many of its value, binance right now has owned so many big companies under their umbrella that I think their collapse gonna be triggering chain reaction.

inanilujimi

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Binance is in the hands of the right people, who continue to build to grow crypto, FUD is here to stay forever, Binance is well established in a market that has experienced a lot of all kinds of fud that exists and will be a very big problem in the crypto world if they go bust.

Cling18

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Quote from: ifarted on April 06, 2023, 07:07:24 PM

It's because there are still people believe in binance and that makes binance keep its traffic or how many people are using their services they can offer to their clients. The team and owner is quite quick in solving some problems like what happened to binance not too long ago.

Binance would't be on top if people don't trust this exchange. It is actually the most trusted exchange these days because of the volume and number of coins listed on it that keeps good traffic. I agree that they sustain a good support system and they quickly solve issues no wonder why traders trust it the most. I believe that Binance will remain on top if it will continue to show good service and performance despite the issues and FUD that it has been facing.

wxa7115

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Quote from: virasisog on April 06, 2023, 06:45:07 PM

FUD has been a part of Binance for a long time but this top exchange was able to deal with them. Despite the hacking issues previously, Binance handled and fixed the issue the proper way so no wonder why lots of users still trust it. It has been providing a good service for a long time and I must say that it is well established in all aspects and is strong enough to deal with FUD.
Compared to other sites, Binance is user-friendly and user-friendly which is accessible for both new and old traders so it will always be the top preference.

Binance has done everything that it could to gain the trust of the community, and I must say they have done a good job, however governments are not happy with the progress this market is showing and the fact that it went up after the economy began to show some negative signs has attracted their attention once again.

So they are trying to once again attack the market and the biggest target is binance by far, as if they could make it to fall then a long period of instability will follow and affect the market for months or maybe even for a whole year.

ifarted

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It's because there are still people believe in binance and that makes binance keep its traffic or how many people are using their services they can offer to their clients. The team and owner is quite quick in solving some problems like what happened to binance not too long ago.

blockman

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Quote from: rokok lokal on April 06, 2023, 01:19:56 PM

I think One of the reasons why Binance has been able to stay strong despite all the FUD (fear, uncertainty, and doubt) is because of their anticipation and preparation for regulatory pressures. CZ and their legal team may have been one step ahead of their competitors and regulators by predicting they would face regulatory pressure, and as such, they prepared for it.

They're quick in attesting with those matters that's being thrown to them by the regulators. Their responsiveness is what makes them less of the pressure that they're receiving from them.
And aside from that, that means that they've got a good legal team that works perfectly wherever they are, since they've got operations in many countries so that's a credit on them.

Quote from: lalabotax on April 06, 2023, 06:24:04 PM

Maybe because Binance has more strength and support from various sides and aspects. As we know that Binance has various projects or features in it. Not only that, Binance also has acquisitions of several platforms, one of which is a large platform. So that FUD spreaders will probably still have a stronger influence. Binance's current big name may be more stable, strong, and also influencing.

Besides, they've got enough source to counter and provide what's needed for them to answer, support and defend themselves from those issues.

virasisog

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FUD has been a part of Binance for a long time but this top exchange was able to deal with them. Despite the hacking issues previously, Binance handled and fixed the issue the proper way so no wonder why lots of users still trust it. It has been providing a good service for a long time and I must say that it is well established in all aspects and is strong enough to deal with FUD.
Compared to other sites, Binance is user-friendly and user-friendly which is accessible for both new and old traders so it will always be the top preference.

lalabotax

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Maybe because Binance has more strength and support from various sides and aspects. As we know that Binance has various projects or features in it. Not only that, Binance also has acquisitions of several platforms, one of which is a large platform. So that FUD spreaders will probably still have a stronger influence. Binance's current big name may be more stable, strong, and also influencing.

Oilacris

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Quote from: DoublerHunter on April 06, 2023, 05:55:38 PM

Quote from: Yamifoud on April 06, 2023, 05:44:09 PM

Quote from: Captain Corporate on April 06, 2023, 01:40:12 PM

Maybe its because we don't care? I mean there is technically nothing that Binance can do to keep the BNB price high for example, sure they can spend a bit, but they can't spend all their money on keeping BNB price high. So they need the public to not care about all these FUDs in and not sell their coins. Which is something we are doing and that's why the price is staying strong and the company does as well. Look at all those who talk about Binance and tell me a reason why I should believe in any of that and sell, its bunch of fake news to keep bnb low and I am not going to be a part of it.

Not actually people don't care because every investor does but these FUDs are not enough to change the faith of these investors and think about the negative future of this project. In fact, the government is a great enemy but because people are already that they are just throwing nonsense issues against Binance, they lose. But surely this game is not over yet, many FUDs will come and challenge investors again so we still be cautious and become updated on the situation - and putting FTX as an example.

^That is how the business will run, there is always competition on each side and sometimes we don't know they are creating FUD on their competitor just to shut it down and just like what happened to FTX, remember that CZ is one of the reasons why they shutting down. Binance has been able to stay ahead of the curve and mitigate the impact of FUD on its business. CZ's proactive approach to communication with regulators and stakeholders has helped to build trust in the Binance brand and foster a positive reputation within the cryptocurrency community. As the regulatory environment continues to evolve, it will be interesting to see how Binance and other cryptocurrency projects continue to adapt and respond to changing demands and pressures.

Trust is something that should really be needed up to be strengthen out when running a business on which it did really shows on how Binance do withstand those fuds recently and even into those times

where hacking incident happen which they do able to bare it out and still intact with the confidence and trust of the entire community. Why? because they do simply know on how to handle up the business.

If these are those other exchange platforms or companies, then they do have long time gone and been replaced by something new since people would easily flock
out into other places.

DoublerHunter

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Quote from: Yamifoud on April 06, 2023, 05:44:09 PM

Quote from: Captain Corporate on April 06, 2023, 01:40:12 PM

Maybe its because we don't care? I mean there is technically nothing that Binance can do to keep the BNB price high for example, sure they can spend a bit, but they can't spend all their money on keeping BNB price high. So they need the public to not care about all these FUDs in and not sell their coins. Which is something we are doing and that's why the price is staying strong and the company does as well. Look at all those who talk about Binance and tell me a reason why I should believe in any of that and sell, its bunch of fake news to keep bnb low and I am not going to be a part of it.

Not actually people don't care because every investor does but these FUDs are not enough to change the faith of these investors and think about the negative future of this project. In fact, the government is a great enemy but because people are already that they are just throwing nonsense issues against Binance, they lose. But surely this game is not over yet, many FUDs will come and challenge investors again so we still be cautious and become updated on the situation - and putting FTX as an example.

^That is how the business will run, there is always competition on each side and sometimes we don't know they are creating FUD on their competitor just to shut it down and just like what happened to FTX, remember that CZ is one of the reasons why they shutting down. Binance has been able to stay ahead of the curve and mitigate the impact of FUD on its business. CZ's proactive approach to communication with regulators and stakeholders has helped to build trust in the Binance brand and foster a positive reputation within the cryptocurrency community. As the regulatory environment continues to evolve, it will be interesting to see how Binance and other cryptocurrency projects continue to adapt and respond to changing demands and pressures.

Yamifoud

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Quote from: Captain Corporate on April 06, 2023, 01:40:12 PM

Maybe its because we don't care? I mean there is technically nothing that Binance can do to keep the BNB price high for example, sure they can spend a bit, but they can't spend all their money on keeping BNB price high. So they need the public to not care about all these FUDs in and not sell their coins. Which is something we are doing and that's why the price is staying strong and the company does as well. Look at all those who talk about Binance and tell me a reason why I should believe in any of that and sell, its bunch of fake news to keep bnb low and I am not going to be a part of it.

Not actually people don't care because every investor does but these FUDs are not enough to change the faith of these investors and think about the negative future of this project. In fact, the government is a great enemy but because people are already that they are just throwing nonsense issues against Binance, they lose. But surely this game is not over yet, many FUDs will come and challenge investors again so we still be cautious and become updated on the situation - and putting FTX as an example.

Jackl87

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Quote from: FireDAOJackie_Z on April 01, 2023, 03:40:57 AM

There is nothing short of FUDs in the crypto market especially for big names such as Binance. Recently there are so many accusations about Binance and even the U.S Senator has inquired. According to Binance's response https://www.binance.com/en/blog/ecosystem/binance-shares-its-recent-response-to-us-senators-inquiry-1968152125579137703 , there are some public misconceptions about Binance and the team had already clarified. When I read the news, the first thing came to my mind was that BNB price was doomed to decrease dramatically. However, Binance US's weekly trading volume reached 41% of Coinbase's (global) trading volume last week, which is an ATH. (Source:https://twitter.com/cz_binance/status/1641728341962096641). At the same time, BNB price is still around $320, showing very little volatility. What makes Binance so strong faced with so many unfavorable conditions ? Please share your opinions.

Binance has become a huge company now that pretty much everyone knows that is interested into cryptos. Therefore it is not really a surprise, that Binance is more and more in the focus of attacks from all possible directions. Influencers that are spreading ridiculous rumors and of course also legal issues that are forced upon them from the authorities. To be honest i also expected that the BNB price would drop sharply when i read that news about those investigations but somehow the price of BNB stayed almost at the same level.
This just proves again, that crypto is just to big now, that one news would make it pump or dump in a meaningful way. We are not in 2017 anymore.

cryptoknightt

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Quote from: FireDAOJackie_Z on April 01, 2023, 03:40:57 AM

There is nothing short of FUDs in the crypto market especially for big names such as Binance. Recently there are so many accusations about Binance and even the U.S Senator has inquired. According to Binance's response https://www.binance.com/en/blog/ecosystem/binance-shares-its-recent-response-to-us-senators-inquiry-1968152125579137703 , there are some public misconceptions about Binance and the team had already clarified. When I read the news, the first thing came to my mind was that BNB price was doomed to decrease dramatically. However, Binance US's weekly trading volume reached 41% of Coinbase's (global) trading volume last week, which is an ATH. (Source:https://twitter.com/cz_binance/status/1641728341962096641). At the same time, BNB price is still around $320, showing very little volatility. What makes Binance so strong faced with so many unfavorable conditions ? Please share your opinions.

I can't imagine what cryptocurrency will be like if Binance is destroyed who can be trusted anymore but Binance has still survived to this day with fud. It's common with Binance. The reason why Binance is still surviving is because Binance Exchange is No. 1 in the world based on Coingecko. Many people put their trust in Binance, including me. don't be consumed by fud and what is broadcast on the media binance has a strong community and some people keep their assets on binance stay safe do your research first

Captain Corporate

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Maybe its because we don't care? I mean there is technically nothing that Binance can do to keep the BNB price high for example, sure they can spend a bit, but they can't spend all their money on keeping BNB price high. So they need the public to not care about all these FUDs in and not sell their coins. Which is something we are doing and that's why the price is staying strong and the company does as well. Look at all those who talk about Binance and tell me a reason why I should believe in any of that and sell, its bunch of fake news to keep bnb low and I am not going to be a part of it.

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