Binance is a threat to the crypto space

[Khuongcute2503]

Agree to disagree... whenever power is centered on one person or a group of people, there will always be dictatorships and manipulation.. I see a lot of people celebrating Cz on Twitter for delisting bsv.. but what they don't understand is Cz poses a greater threat to decentralization than faketoshi will ever be... even vitalik buterin agrees to this

https://www.google.com/amp/s/www.coinspeaker.com/vitalik-buterin-bitcoin-sv-scam-binance/amp/

I think so. Binance is monopolizing the market. Although they develop very well, the fact that no competitors compete will make Binance easily control the market.

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[killat]

Binance is definitely the best exchange on market today. How, nobody has a clue what the price will be two weeks out from now.

1. There is no such thing as "Stable Amount" in any market, especially crypto. Look at BTC going from pennies to 20k and back down to 3k and now back to 8k. This market swings more wildly than any other market in the history of markets.

2. There are a lot of things in play for BNB price. But namely, does it have real world usage. As long as CZ keeps coming up with uses for it, then it should have some existence in the future. Could be worth $1 or less if entire market collapses again. Or it could be worth $100. No clue.

[thesmallgod]

Take it or leave it, Binance is number one when it comes to crypto exchange in the world. They do not become the best on the platter of Gold but consistent effort to bring reliability and sanity to people adopting crypto exchange, and today, many exchange platform look up to them. No matter what have happened, I know they will always give reason as regard to why they delisted that token, and if the dev of such token think it is not right then they should pursue a legal action against that. If Binance seize to exist today, another trading platform will fill the vacuum and you will also say the same thing about them.

[sempak]

the current reality is that binance indeed has considerable popularity and trust. the real fear of the monopoly will be the binance exchange because there are so many opportunities that they can do

[MIner1448]

at least binance the most reliable and safe exchange at the moment, if you recall the recent hacking dovolno large, hacked all savings were returned that I can't speak for the majority of the exchanges.At the expense of the dictator, would have saw it, I don't think CZ is that kind of person.

[chichidori]

Other exchanges such bittrex have been in the top before but another exchange take the spot, Binance may dominate but don`t forget it has been hack before same with the other exchanges, monopoly will be Binance downfall if goes to it.

[pinoy.bolanon]

Agree to disagree... whenever power is centered on one person or a group of people, there will always be dictatorships and manipulation.. I see a lot of people celebrating Cz on Twitter for delisting bsv.. but what they don't understand is Cz poses a greater threat to decentralization than faketoshi will ever be... even vitalik buterin agrees to this

https://www.google.com/amp/s/www.coinspeaker.com/vitalik-buterin-bitcoin-sv-scam-binance/amp/

At some point i tend to agree but on the legal side, i dont think so, although binance has a large group of community members, they can manipulate some crypto prices, because it is their platform that many members used. I find it hard to explain on my side, but i hope you guys should understand my point, but anyway i hope it will not happen actually, is a threat to some point.

[motienvolam]

Binance has been a leader of crypto market since its birthday years ago. They have good capacity to build up new products for crypto enthusiasts besides ability to improve current products and make theirs are very different and attractive than others. For now, when Binance has very good supports from their daily volume, any kind of products released on their platform, like margin tradings, will immediately get strong supports from their customers in particular, and crypto community in general.

[Red-Apple]

actually if Binance did only one good thing in all this time, that one thing has been delisting of shitcoin called BSV which they should have done a lot earlier. but that is not a reason why they are bad and a threat to crypto space.

the reason for that is the fact that they are advertising scam ICOs with a new name called IEO and getting paid to do so. they are also creating a lot of useless centralized coins with their name in it (including BNB and the new stable coin) which not only centralizes things but also when they run away in the near future it will damage the whole market a lot.

[fullhdpixel]

I don't really think Binance poses threat to crypto space , rather binance has been a pillar to an extent. Everyone will agree with me that Binance revived token sale via IEO, it also boosted the overall market cap couples with the great news and updates.

That pillar word that you used is really the right word to qualify what Binance stands for. If not for Binance, many investors would have gradually been off the market, but because of the idea they came up with which other exchanges are now beginning to buy into now, even though they are not doing well as much as Binance does.

Investors are now encourage to come back to  crowd funding programmers because of the assurance they have that their investment is going into a safe hands and a quality projects through the IEO  platform created by Binance, so many other things Binance has been a savior too. All these people carrying Binance are just envious of them because they are not able to successfully dupe investors again.

[masterrex]

Why Binance become a threat to the crypto space,I dont understand what you mean. Is it because of delisting of BSV? I dont think that was enough reason to call Binance a treat the crypto-space doesnt care about this delisting issue it was just a hype created by BSV supporters. Just look the crypto space was thousands of coins and tokens why we should wasting our time arguing this issue we must move on and let the both parties handle it.

[Kolikalex55]

I don't think the best cryptocurrency exchange is a threat. I trust the exchange Binance and try to trade only on it. Basically, I am attracted to trading volumes and a high level of technical security.

[Hypnosis00]

I don't think the best cryptocurrency exchange is a threat. I trust the exchange Binance and try to trade only on it. Basically, I am attracted to trading volumes and a high level of technical security.

What they are now, some people are thinking about it badly cause they feel that when Binance gather a lot of funds and support from investors will try to manipulate the system which I've never thought that it will happen. It may be, an opposing idea will be a threat into the community itself rather than of blaming Binance. Why not look inside and find what could be a positive thing to happen.

[10BTCaDay]

Why Binance become a threat to the crypto space,I dont understand what you mean. Is it because of delisting of BSV? I dont think that was enough reason to call Binance a treat the crypto-space doesnt care about this delisting issue it was just a hype created by BSV supporters. Just look the crypto space was thousands of coins and tokens why we should wasting our time arguing this issue we must move on and let the both parties handle it.

It becomes a threat because it turns into a monopoly. a very large amount of money is accumulated on this exchange and it can be dangerous

[Karlinz]

The Binance team have paid their dues and I give it to them because they deserve it. So far Binance have reshaped the crypto space and made meaningful impacts, I do not agree they are any threat instead I should say they contributing meaningfully to the crypto space and bringing innovations that will drive this technology, one of their ideas that I find interesting is that of IEO. A lot of exchanges are waking up and copying the Binance initiatives.

[maydna]

Why Binance become a threat to the crypto space,I dont understand what you mean. Is it because of delisting of BSV? I dont think that was enough reason to call Binance a treat the crypto-space doesnt care about this delisting issue it was just a hype created by BSV supporters. Just look the crypto space was thousands of coins and tokens why we should wasting our time arguing this issue we must move on and let the both parties handle it.

It becomes a threat because it turns into a monopoly. a very large amount of money is accumulated on this exchange and it can be dangerous

I don't think binance would do that although they can do that. With the good reputations of them, I think they will be careful to decide something related to the exchanges because there will be a large amount of money that will they hold many traders believe them to take care the money. A wise trader will know if something was wrong and they will leave the exchange before it's too late so they can move their funds into another exchange or another wallet.

[dipeco]

They are not a threat to the crypto community, because I think that they are the only company that are doing so much to near the mass adoption and to increase the standards of the whole industry. They are doing an awesome job.

[Google+]

I don't think the best cryptocurrency exchange is a threat. I trust the exchange Binance and try to trade only on it. Basically, I am attracted to trading volumes and a high level of technical security.

I think there are still some countries that consider cryptocurrency as a threat that can make economic conditions and the country's security conditions destroyed because cryptocurrency can be used for illegal transactions without and no one regulates the use of cryptocurrency.

[cepot9]

Luckily binance is the biggest market today because their work is better than others, binance is a big exchange and they show that new projects are not always bad so they believe in good projects and can work with binance through the IEO.

[Mr.Zero]

your thread is logistic, as we know Binance is the biggest market for now on cryptocurrency.
so they can make a manipulationg and monopoly market, they can control price of some coin.
but if they do that, maybe Binance will go down and people start to live it.
just my predict.