Investors are wiser now, they didn't listen easily to the government's FUD anymore because many knows that it is just an attack to ruin the reputation of the site. It's good that we have Binance who are strong enough to face such FUD.
But again that's a legit case against Binance so it can still affect its platform, maybe whales are just holding on for now but if that case pushes through, we might see the dump on Binance just like what happened to XRP, better to be more cautious from here forward.
Topic: What makes Binance stay strong despite all FUD ? - page 5. (Read 702 times)
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.
It's not the first time though that Binance has been in the hot seat and has been pursued by US. Even CZ's own country, China in it's early days have been going after him and his exchange but nothing has put him down.
The thing with CZ is that he is hands on with his project and probably in total control of it and so he is going to face this head on against the US government and willing to cooperate. And you can see that he is responding in his official twitter account. With that, investors see a strong leader, unlike SBF who we haven't heard so much until the collapse and exposing of FTX.
Binance getting stronger with the FUDs is as a result of enough transparency from CZ. CZ will most likely have informed the public about an issue before it even becomes a problem and that gives a lot of users confidence in their dealings with Binance.
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.
Yes this means that the entire market or community arent that something that could be shaked off with these Fuds specially if this one is really that been attached with US which does currently have that Banking issue as we do all know.This is why it wont really be that shocking if the price hadnt really dropped nor getting affected specially with BNB. Why it do stood strong? because people on the community
or entire market is really aware of the situation on which there might be some situations and fud might be thrown off just to make this market go to have some crashes or huge decline
but they didnt succeed this time.This do proves out on how strong the trust is to Binance after all.
I think binance is getting stronger every day fud and everything is binace's daily food why can binance survive maybe because binance is the world's No. 1 exchange has gained more trust from its users that's why in my opinion why binance still survives until now if binance falls it's a very big impact for the world of cryptocurrency I can't imagine if binance is destroyed what will happen to cryptocurrency does anyone still believe in cryptocurrency
This is just my personal assumption.
This is just my personal assumption.
Their service I guess. FUDs are simply accusations thrown at a particular thing but it won't mean any certainty. Binance is simply being careful of their service. Think of how an exchanger collaped and they remained with the same d
reputation in this industry. For sure many people in this industry, in particular with investors know how FUDs should be absorbed and taken to benefit from and to not fall from it. I can celarly remember how many people panicked with what happened forming generalization out of this industry or technology. Binance simply remained firm to show how they return the trust from their users. This is why it is not surprising on my end to know Binance is still in the right place at the present.
reputation in this industry. For sure many people in this industry, in particular with investors know how FUDs should be absorbed and taken to benefit from and to not fall from it. I can celarly remember how many people panicked with what happened forming generalization out of this industry or technology. Binance simply remained firm to show how they return the trust from their users. This is why it is not surprising on my end to know Binance is still in the right place at the present.
He's also too vocal with their status whether it's bad or not, he's trying to make it look like an easy thing for them to deal with by guaranteeing their customers that there's nothing to worry about and it's like "I got you" statement from him.
Thats what other people think of him and seeing act as natural, I guess he did have the sympathy of the users within his grasp. Everyone is likely to calm if the person involve acts naturally and doesnt show signs of hostility or fear. Maybe thats make him stronger cause he has confidence thay they arent doing anything wrong with regards to accusation of if ever they did, they are willing to consolidate or compromise it with a healthy reasoning and possible amendments.
Some conspiracies of envy that I think are understandable come from people trying to limit the growth of Binance, I am not a full supporter of Binance but I see that over the years the growth of Binance in the market has brought many positive things. It's fair that they try to develop this market more strongly, not to manipulate the market, maybe many people don't like them because some personal interests want to keep Binance down. Maybe the future replacement will happen, when we know that this market size is too small.
I think CZ being close tied to his community makes Binance stronger despite all of the FUD and issues that it has been with. Remember also when they were hacked, they've guaranteed the funds of people are "SAFU" and that's why trust are still with them.
He's also too vocal with their status whether it's bad or not, he's trying to make it look like an easy thing for them to deal with by guaranteeing their customers that there's nothing to worry about and it's like "I got you" statement from him.
He's also too vocal with their status whether it's bad or not, he's trying to make it look like an easy thing for them to deal with by guaranteeing their customers that there's nothing to worry about and it's like "I got you" statement from him.
What makes Binance so strong faced with so many unfavorable conditions ? Please share your opinions.
People doesnt bother with the fud on binance since we all knew that this exchange is the number 1 on all crypto in terms of everything. Legality, volume, and even popularity. Also the CEO is quite wise to answer every logical question the complainers provided him. I must say that CZ is really smart to outsmart some who try to wreck Binance. But dont get too trusted about them they are still a cex market.
Because this is a strong team and they answer the questions asked quite specifically and reasonably. Binance is holding its own and many users believe in the further successful development of the platform.
It can be realized that for now they are one of the projects that are quite strong and conditions like Fud are actually quite reasonable for a big project like them.
But on the other hand it's actually good when brands don't have a real impact when Fud happens because if they get hit big it will also hamper the market a bit I think because if binance collapses the chance of damage will be bigger than FTX so of course it's not would be too good.
Right now according to some of the latest news I've read, the SEC is still trying to catch up with Binance but it doesn't seem to be as well-respected as it was before.
But on the other hand it's actually good when brands don't have a real impact when Fud happens because if they get hit big it will also hamper the market a bit I think because if binance collapses the chance of damage will be bigger than FTX so of course it's not would be too good.
Right now according to some of the latest news I've read, the SEC is still trying to catch up with Binance but it doesn't seem to be as well-respected as it was before.
FUDs are no longer an effective tool to ruin one reputation. Binance has already been facing a lot of FUDs before but this never affects the trust of the users and investors of BNB knowing that it was not true, they know more about the capability of Binance than those people who spread FUDs.
Binance will keep on growing as long as the community supports and trust this project. Having a huge number of investors and coming investors, FUDs will never work on this platform.
Binance will keep on growing as long as the community supports and trust this project. Having a huge number of investors and coming investors, FUDs will never work on this platform.
Well, in my opinion, Binance has been successful because of their ability to adapt and innovate in the face of challenges. Despite the FUD, Binance has continued to improve their platform and expand their services, such as launching Binance US and adding new features like staking and lending.
Additionally, they have a strong community of supporters who believe in the team's vision and trust their leadership. Binance has also been transparent and responsive to the concerns raised by regulators and the public, which has helped to build trust and credibility. I think Binance's success can be attributed to their agility, innovation, and community support.
Additionally, they have a strong community of supporters who believe in the team's vision and trust their leadership. Binance has also been transparent and responsive to the concerns raised by regulators and the public, which has helped to build trust and credibility. I think Binance's success can be attributed to their agility, innovation, and community support.
I think if binance joins the collapse then the crypto market will be greatly affected by this,
(...)
Exactly. We already experienced that when the FTX Exchange fall started last time. So for me, Binance is far bigger compared to FTX Exchange, so expect that the cryptocurrency market will be greatly affected.(...)
But after all these collapse on some centralized entities in cryptocurrency market, I believe that Binance already know what they need to do and be careful of. FUD is FUD.
I think if binance joins the collapse then the crypto market will be greatly affected by this, we know that last year was a bear which was very scary if we added to the collapse of binance, it can be concluded that the crypto market will crash very big, but I'm also confused why btc is still continues to rise when many predict that btc will still go down.
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.
Jump to: