What's next? - page 2. | Bitcointalksearch.org

KingsDen

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Goodnight, o_e_l_e_o 🌹

Quote from: awik p on June 13, 2023, 09:22:25 PM

Quote from: KingsDen on June 13, 2023, 06:09:04 PM

In as much as I do not encourage people to leave their funds on Binance, myself I'm a victim. Most times the money I need for fiat is being kept on Binance before I convert to fiat.
Binance is going no where and even if Binance will fail, it is not now. Binance is too global.
We should simply stop this FUD on the largest CEX in cryptocurrency. If anything happens to Binance, it is us that will suffer it and not CZ and it is the market that will plunge into more bear.
It may even prevent the expected halving bull run if it happens. Binance is not limited to only US. Binance is global and US cannot hunt it down.

Binance is currently the largest exchange in the world. it is true that binance is not only about the US, and there are still many outside of that who still faithfully use the services of binance. I think if something bad happens to the US, then it won't become a global problem, and of course if that happens then the market will definitely experience an extraordinary crash, and before that happens I think the binance team will prepare steps to anticipate it, moreover it's not easy to build trust from consumers

That is it mate. I know that CZ is so smart and he cannot be taken unaware. Even if it is someone who is not smart, with the community Binance have, with the affiliation, sponsorship and endorsement, the CEO cannot let it fail.
Even if you raise a very big FUD, only an announcement by Binance for free trade or free token airdrop will draw millions back to Binance.

I am not saying Binance cannot fail and I am not also saying you should use Binance as your personal wallet. I am just saying that you should use Binance like and exchange it is.

Hamphser

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Quote from: omgitsmehehe on June 15, 2023, 01:43:04 PM

Quote from: danherbias07 on June 14, 2023, 07:37:13 AM

There will always be the other guy. Cheesy

In old times, we don't really have an exchange, and yet the crypto industry grew even without it. And there's more out there, it's just that Binance is the popular one. Long ago, it was not. Poloniex and other names are the ones on the top of the crypto exchange industry.
So what's next?
Another exchange will be hyped and we are all going there. That's just how the cycle is.
But, that is if they can really take down Binance. Because of how much it grew, they can hire all the best lawyers in the world if they want to be protected. And CZ is not a fool, he knows what he is doing and I doubt he is not prepared for all of this. It will happen one day and that is now. Now, all he has to do is act legally.

Binance is ranked first on chart when it comes safest exchange in the crypto space. It's largely functional for traders and investors. Binance is not overhyped, it's worth they hype because of gives and solved the complaints of their users, with ease actions. As a matter of fact, I triggered most of my trades with binance, I don't noticed about any fault with the exchange, I guessed maybe his opposition is fighting CZ inother to degrade his position on the chart. Changpeng Zhao is capable of handling the tough challenges facing his team and binance.

Unlike with those exchangers back in the past on which on the time that they would really be facing up some issue they do really go below into the rankings or something that they would really be easily get replaced by other exchange which it is unlike on Binance on which we've seen that there's lot of issues on which this exchange had able to pass on but still standing strong even up to now.
There's still that much demand and recognition on it which it is why it isnt really that shocking that it would really be that they do still able to withstand or their existence is really still that relevant.
These issues would just simply come past and go and on the time that everything is settled then it would really be just continuing on what it should supposed to be done.

omgitsmehehe

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Quote from: danherbias07 on June 14, 2023, 07:37:13 AM

There will always be the other guy. Cheesy

In old times, we don't really have an exchange, and yet the crypto industry grew even without it. And there's more out there, it's just that Binance is the popular one. Long ago, it was not. Poloniex and other names are the ones on the top of the crypto exchange industry.
So what's next?
Another exchange will be hyped and we are all going there. That's just how the cycle is.
But, that is if they can really take down Binance. Because of how much it grew, they can hire all the best lawyers in the world if they want to be protected. And CZ is not a fool, he knows what he is doing and I doubt he is not prepared for all of this. It will happen one day and that is now. Now, all he has to do is act legally.

Binance is ranked first on chart when it comes safest exchange in the crypto space. It's largely functional for traders and investors. Binance is not overhyped, it's worth they hype because of gives and solved the complaints of their users, with ease actions. As a matter of fact, I triggered most of my trades with binance, I don't noticed about any fault with the exchange, I guessed maybe his opposition is fighting CZ inother to degrade his position on the chart. Changpeng Zhao is capable of handling the tough challenges facing his team and binance.

tygeade

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Quote from: Blowon on June 13, 2023, 10:14:45 AM

The SEC rules this time are tougher than before, it seems that they are only meant to bring down the largest crypto market, Binance. but I don't need to worry because after all, binance is still a lot of people's interest, there are surely many ways for binance to keep doing well. even if binance really has to be closed i think crypto will still exist maybe the decentralized market will come back like etherdelta or forkdelta in a better version without being able to be claimed by any country's regulations.

I think the person at the head, Gary, ended up being a bit more cut throat than anyone expected and that's causing all this trouble that doesn't mean that we are going to end up with any trouble that would not be rewind back when the time comes but it could cause some trouble for the time being.

In the end, we are going to see SEC being a lot more light touched in the future, he is being dethroned for what he is doing and that is why all the attack we are getting, he is getting himself as well and the further he attacks the weaker his defense will be and that's why I am sensing that he is going to lay off on the attacks and start building a defense to keep his position. It would be the smart thing to do at least, not sure if he will do it.

Bushdark

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Quote from: wajik-tempe on June 14, 2023, 07:07:10 AM

Exiting specific areas, such as Canada and maybe the United States, might be viewed as a strategic move to assure compliance with local legislation and boost long-term viability. Suits and accusations are prevalent in the bitcoin business, particularly as it attracts mainstream attention and scrutiny. While Binance has experienced legal issues, it is important to note that litigation and allegations do not always imply a company's demise. Many successful firms have confronted legal problems and successfully navigated their way through them.

A lots are happening now and we don't know the fate of Binance in the United States since the sex had been fighting the exchange for some breach which suppose not to be a bug problem like we are seeing. There are so many news about the Sec sanctioning Binance US exchange but I think the case is still in the course. This may not going to be a good news from my end but we hope that the sec will not finally kick Binance from US or Gary might finally be sacked if the contrary happens. We hope to see the final judgement on the case between Binance and the SEC.

danherbias07

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There will always be the other guy. Cheesy

In old times, we don't really have an exchange, and yet the crypto industry grew even without it. And there's more out there, it's just that Binance is the popular one. Long ago, it was not. Poloniex and other names are the ones on the top of the crypto exchange industry.
So what's next?
Another exchange will be hyped and we are all going there. That's just how the cycle is.
But, that is if they can really take down Binance. Because of how much it grew, they can hire all the best lawyers in the world if they want to be protected. And CZ is not a fool, he knows what he is doing and I doubt he is not prepared for all of this. It will happen one day and that is now. Now, all he has to do is act legally.

wajik-tempe

sr. member

Activity: 1022

Merit: 252

Exiting specific areas, such as Canada and maybe the United States, might be viewed as a strategic move to assure compliance with local legislation and boost long-term viability. Suits and accusations are prevalent in the bitcoin business, particularly as it attracts mainstream attention and scrutiny. While Binance has experienced legal issues, it is important to note that litigation and allegations do not always imply a company's demise. Many successful firms have confronted legal problems and successfully navigated their way through them.

shivansps

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Quote from: xanto on June 10, 2023, 09:20:49 AM

Hi guys
What do you think about the situation around Binance?
Rumor has it that one of the largest crypto exchanges will soon cease to exist
Binance and Coinbase are the only two crypto exchanges that qualify
Binance has already left the Canadian market and is close to leaving the US market
Both are facing lawsuits and claims

-Regards

This is not very good news. Personally, it’s comfortable for me to use binance, and if they don’t, then there will be inconvenience. But they will definitely be replaced by something else.
It is also worth noting that the USA and CANADA are not the whole world yet, and if it is prohibited there, then in other countries people will still use it
Also, this news will not have a good effect on the general mood of people in relation to cryptocurrencies. In any case, the news about the closure of binance in the United States and Canada will increase people's distrust of this exchange and the BNB coin in particular and start withdrawing their coins from this exchange

bettercrypto

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Quote from: xanto on June 10, 2023, 09:20:49 AM

Hi guys
What do you think about the situation around Binance?
Rumor has it that one of the largest crypto exchanges will soon cease to exist
Binance and Coinbase are the only two crypto exchanges that qualify
Binance has already left the Canadian market and is close to leaving the US market
Both are facing lawsuits and claims

-Regards

Binance has been through a lot, even heavier than their issue with the SEC as far as I know, and they have overcome all of that. The XRP issue of the US is not over yet, the case is still centralized, how much can Binance do, which is not what I know.

In addition to that, Binance and Coinbase are both big companies, that's not something that the SEC can easily handle, I believe they will overcome that and when that issue is over, cryptocurrencies will definitely be green in the market.

worle1bm

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They will have to face consequences with lot of their hidden terms they are using for their own personal profits but it could have impact on the market as they are main crypto exchanges at this time with billions of dollars volume and userbase but at the end market will survive as we have seen FTX collapse also but for me I have my coins in my own custody so won't affect me much.

Sebas.tian

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Based on how far binance has gone globally, showed that the lawsuit will not destroy binance than to favour binance because many users will do everything possible to encourage their government to allow them to stay in the country so that the users will not find it difficult to search for potential exchange in the country. I think, there are other exchange we can use to exchange our fiat and crypto in the community without involving binance exchange because all those exchange are safe and secure in transaction. This is the reason many people prefer to save their money on Bitcoin than binance because government can do something that will affect the binance, but they don't have the strength or power to do anything that will affect Bitcoin.

awik p

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Quote from: KingsDen on June 13, 2023, 06:09:04 PM

In as much as I do not encourage people to leave their funds on Binance, myself I'm a victim. Most times the money I need for fiat is being kept on Binance before I convert to fiat.
Binance is going no where and even if Binance will fail, it is not now. Binance is too global.
We should simply stop this FUD on the largest CEX in cryptocurrency. If anything happens to Binance, it is us that will suffer it and not CZ and it is the market that will plunge into more bear.
It may even prevent the expected halving bull run if it happens. Binance is not limited to only US. Binance is global and US cannot hunt it down.

Binance is currently the largest exchange in the world. it is true that binance is not only about the US, and there are still many outside of that who still faithfully use the services of binance. I think if something bad happens to the US, then it won't become a global problem, and of course if that happens then the market will definitely experience an extraordinary crash, and before that happens I think the binance team will prepare steps to anticipate it, moreover it's not easy to build trust from consumers

KingsDen

legendary

Activity: 1302

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Goodnight, o_e_l_e_o 🌹

In as much as I do not encourage people to leave their funds on Binance, myself I'm a victim. Most times the money I need for fiat is being kept on Binance before I convert to fiat.
Binance is going no where and even if Binance will fail, it is not now. Binance is too global.
We should simply stop this FUD on the largest CEX in cryptocurrency. If anything happens to Binance, it is us that will suffer it and not CZ and it is the market that will plunge into more bear.
It may even prevent the expected halving bull run if it happens. Binance is not limited to only US. Binance is global and US cannot hunt it down.

Blowon

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The SEC rules this time are tougher than before, it seems that they are only meant to bring down the largest crypto market, Binance. but I don't need to worry because after all, binance is still a lot of people's interest, there are surely many ways for binance to keep doing well. even if binance really has to be closed i think crypto will still exist maybe the decentralized market will come back like etherdelta or forkdelta in a better version without being able to be claimed by any country's regulations.

Woodie

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Quote from: xanto on June 10, 2023, 09:20:49 AM

Binance has already left the Canadian market

Some unfortunate reading, but funny thing is as long as these people have access to the internet, VPNs I really don't see how crypto will be out of their reach.

Btw Binance leaving this market is the people's loss not Binance!

Quote from: xanto on June 10, 2023, 09:20:49 AM

and is close to leaving the US market
Both are facing lawsuits and claims

-Regards

Thought this would have a court day after being sued, otherwise looks like Binance isn't ready to dance to SECs tune and this is commendable tbh, but does the USA have exchanges ready to operate under the conditions they are putting on the table Huh

I highly doubt it, with this am really starting to think Bitcoin is better off unregulated for it to reach the masses.

GreatArkansas

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Binance for me is impossible to shut down, maybe the issue about Binance for me is only for the US country which is having difficulties right now.
This is indeed got negative effects on the entire cryptocurrency especially for traders because during situation we will expect high volatility so expect that there will be a lot of candlestick wicks.

Mpamaegbu

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Quote from: xanto on June 10, 2023, 09:20:49 AM

What do you think about the situation around Binance?

With all that's happening, I'm beginning to think this could become an opportunity for more Dexs to spring up. If Coinbase and Binance which are the topmost exchanges are getting terribly hit by governments, it could even make the exchanges to shut down and move to decentralization or this can create another wave of new centralized exchanges springing up. In the past it used to be Phoenix, Bittrex, Coinexchange, Bitstamp, Bitfinex that dominated the stage until Binance happened in 2017. I won't be surprised if we witness a similar thing play out now and there's a paradigm shift.

TheSpiral

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Quote from: xanto on June 10, 2023, 09:20:49 AM

Hi guys
What do you think about the situation around Binance?
Rumor has it that one of the largest crypto exchanges will soon cease to exist
Binance and Coinbase are the only two crypto exchanges that qualify
Binance has already left the Canadian market and is close to leaving the US market
Both are facing lawsuits and claims

-Regards

Binance is world top exchange and providing its service to most of the countries. This Sec Claim have a very bad affect on both exchange but for me Coinbase and Binance US will be affected more and services in other countries will remain safe. Binance US stopped trading and deposit/Withdraw and also some other countries like canada and Nigeria asked for Binance to stop service in their country but still lot of other countries which yet supporting crypto and Binance and they officially issues license to Binance to work in their country and i think no need to be worry and Binance is not going to anywhere. These events will make stronger Binance.

Oshosondy

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Quote from: xanto on June 10, 2023, 09:20:49 AM

What do you think about the situation around Binance?
Rumor has it that one of the largest crypto exchanges will soon cease to exist
Binance and Coinbase are the only two crypto exchanges that qualify
Binance has already left the Canadian market and is close to leaving the US market
Both are facing lawsuits and claims

How is Binance and Coinbase are the exchanges that only qualify? Do you not know that if Binance and Coinbase cease to exist today, it is an opportunity for other crypto exchanges. There are many other crypto exchanges that are good too.

The exchanges in question are Binance.us and Coinbase. Binance.us is only available in US, while Coinbase products and services is not available in many countries.

Despite the lawsuit, bitcoin market price did not that fall. Bitcoin has been having a support at a price slightly above $25000.

Black susano

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Quote from: xanto on June 10, 2023, 09:20:49 AM

Hi guys
What do you think about the situation around Binance?
Rumor has it that one of the largest crypto exchanges will soon cease to e
Binance and Coinbase are the only two crypto exchanges that qualify
Binance has already left the Canadian market and is close to leaving the US market
Both are facing lawsuits and claims

-Regards

You said it is a rumor which means what you saying to the table is not legit or what are you trying said but if its truth on what you are saying that means we are all getting on to be in a big mess then but thinking of it Binance is generously known as a popular exchange many people have used it for trading and holding, sometime time I do forget usdt and bnb on the exchange platforms, but does the government have a hand in this case??

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