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Author Topic: People are tired of talking about Binance....  (Read 278 times)
Pipdips (OP)
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September 14, 2019, 05:47:56 PM
 #1

Especially their former USA clients.  We all went to other exchanges like Coinbase Pro or Kucoin.. Let's just bury the hatchet already and move on.  Can we?  Undecided
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September 14, 2019, 06:56:17 PM
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Especially their former USA clients.  We all went to other exchanges like Coinbase Pro or Kucoin.. Let's just bury the hatchet already and move on.  Can we?  Undecided

In Spring 2017, Poloniex's platform started shitting the bed so users migrated en masse to Bittrex. Then in October 2017 Bittrex mandated KYC so users migrated en masse to Binance. Then in September 2019 Binance kicked out US traders so users migrated en masse to.......?

To be continued. Wink

The market (especially the alt market) is still dead right now. We'll know more when the bull market kicks into gear again. I've got my fingers crossed that more liquidity starts pumping into Kucoin, especially stablecoin liquidity.

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September 14, 2019, 08:15:00 PM
 #3

Especially their former USA clients.  We all went to other exchanges like Coinbase Pro or Kucoin.. Let's just bury the hatchet already and move on.  Can we?  Undecided

In Spring 2017, Poloniex's platform started shitting the bed so users migrated en masse to Bittrex. Then in October 2017 Bittrex mandated KYC so users migrated en masse to Binance. Then in September 2019 Binance kicked out US traders so users migrated en masse to.......?

To be continued. Wink

The market (especially the alt market) is still dead right now. We'll know more when the bull market kicks into gear again. I've got my fingers crossed that more liquidity starts pumping into Kucoin, especially stablecoin liquidity.
Traditional stuff to happen yet nothing do last forever when it comes to top spot in the market.Weve known binance is on the current spot

just like on what we have seen in Polo and Bittrex or even Bitfinex days but when they do mess up their current position drops significantly and been forgotten by
the masses and now Binance is already trying to do such thing.
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September 14, 2019, 08:48:23 PM
 #4

Especially their former USA clients.  We all went to other exchanges like Coinbase Pro or Kucoin.. Let's just bury the hatchet already and move on.  Can we?  Undecided

I just think that the hype and followership to binance will not seize until something new happens. Binance is the new thing that is happening now and they are riding on it. The investors that bought and held till now are liking it the more because it still gives them the hope that the coin will continue flying.

Poloniex, and some other exchanges were like that sometime ago, binance is enjoying this so much hype now because times have changed and crypto is getting better acceptance.
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September 14, 2019, 09:13:50 PM
 #5

There will always be something better that will come out.
Sure thing Binance made some major trouble with what happened to them.

There is a sad part though. Kucoin have been there for a long time and yet people picked Binance over it. So why Kucoin now? Same with Coinbase Pro. It was sitting there and no one is noticing it but because of the hype of Binance everything switched over.
I guess we learned a lesson here. Stop supporting the hype.
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September 14, 2019, 11:32:12 PM
 #6

Especially their former USA clients.  We all went to other exchanges like Coinbase Pro or Kucoin.. Let's just bury the hatchet already and move on.  Can we?  Undecided

There's  a lot of option exchange we can use if they want with also have an reputation and strong security system for the security of our investment, no need to stress ourself about binance moving on is the best way to start earning profits.
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September 15, 2019, 12:49:09 AM
 #7

everyone has their own reasons for choosing an exchanger, for example, I will always choose binance, with CZ as the owner of binance, CZ has the courage to return the funds of a binance user who was attacked by a hacker,
this is an important point that I always look for in every exchanger,
and this is not happening in cryptopia, my money is there and until now there has been no clarity.
even yesterday there was news the binance would make a special US exchange, this is good news and I am sure it will be more crowded.
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September 15, 2019, 04:29:58 AM
 #8

There will always be something better that will come out.
Sure thing Binance made some major trouble with what happened to them.

There is a sad part though. Kucoin have been there for a long time and yet people picked Binance over it. So why Kucoin now? Same with Coinbase Pro. It was sitting there and no one is noticing it but because of the hype of Binance everything switched over.
I guess we learned a lesson here. Stop supporting the hype.

Haha I think you're right, it seems like people have been affected by hype binance so that their attention is diverted to binance and doesn't look at other exchanges. Honestly, maybe I was also affected by hype yesterday but on other hand I still believe in KuCoin as my main exchange in trading. I like Binance because some of CZ's work programs are quite interesting but it seems like it's just a hype bait.

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Vishnu.Reang
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September 15, 2019, 04:36:33 AM
 #9

Especially their former USA clients.  We all went to other exchanges like Coinbase Pro or Kucoin.. Let's just bury the hatchet already and move on.  Can we?  Undecided

And how can you guarantee that the users from the United States will be allowed to these other platforms (Kucoin, Coinbase.etc). The government authorities are tightening the KYC requirements and what happened to Binance will happen to the smaller exchanges as well. Don't think that they will be able to avoid giving in to these requests.
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September 15, 2019, 05:10:18 AM
 #10

But there is one thing that is unique with Binance that every other exchange lack. Binance has a solid team of researchers and developers. They keep on bringing new innovation and they are getting the HYPE from this, for example, their DEX (BEP-2). To my own opinion, they will keep on with this mode for some time. Bittrex does not drop significantly because they mandated KYC, it is because they closed registration for new users during the bull market when a lot want to get in and feel the taste of what is happening and this is the exact period when Binance was launched. I am very sure that Bittrex will not forget this big mistake in a hurry, you can go and have a look at the volume in the exchange now, dwelling down almost everyday. Binance is managing the HYPE very well as they did when they were hacked with over 7000BTC

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September 15, 2019, 07:41:24 AM
 #11

Without Binance, there will still be Coinbase and other large exchanges like Huobi Global, MXC, Bithumb, ...
We also have many choices and Coinbase is really safe. I think Americans should boycott Binance and use other exchanges, the Chinese have really made it difficult for innocent people.

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September 15, 2019, 07:50:29 AM
 #12

Especially their former USA clients.  We all went to other exchanges like Coinbase Pro or Kucoin.. Let's just bury the hatchet already and move on.  Can we?  Undecided

But there will be a Binance USA if I'm not mistaken? Unless I was not aware that they are not going to push through with the plan.

Coinbase is a good alternative as well, specially regarding this news, Updated: Coinbase UK Agrees to Return 80 BTC to Victim of Email Phishing Attack.

There are other alternatives out there, but I guess people are going through Binance because of the man behind that exchange. He is getting bigger by the day and could be consider as major influencer at today's standard.
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September 15, 2019, 03:12:46 PM
 #13

CZ's style of leadership is admirable but Binance is headed over the top.  It's like every day they announced some new hyped up feature that is advertised with star spangled banners and confetti!  It's like everyday they are popping the champagne bottles over there because of (bla bla bla) this new products triumphant release, or (bla bla bla) this revolutionary promotional deal is newly released and it is out of this world!  It's just never ending hype over there.  All I needed was safe a trading exchange.  Binance aims to intoxicate it's clients with impulisive advertising and a bunch of hype.

Coinbase has a more mature staff working over there. They must.
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September 15, 2019, 03:39:52 PM
 #14

CZ's style of leadership is admirable but Binance is headed over the top.  It's like every day they announced some new hyped up feature that is advertised with star spangled banners and confetti!  It's like everyday they are popping the champagne bottles over there because of (bla bla bla) this new products triumphant release, or (bla bla bla) this revolutionary promotional deal is newly released and it is out of this world!  It's just never ending hype over there.  All I needed was safe a trading exchange.  Binance aims to intoxicate it's clients with impulisive advertising and a bunch of hype.

Coinbase has a more mature staff working over there. They must.
I hope he is careful not to cross boundaries. I read of some allegations lately but am sure it could be settled in kinds. With exchanges, It is safe to among the top but not on the tip, it is with a lot of pressure. The binance exchange in USA could bring a level of sustainability as other US exchanges, US is tougher with a lot of rules and this will improve the exchange leadership.

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September 15, 2019, 03:44:46 PM
 #15

No exchange wants the US people, no online casino wants them neither. It is like they are being isolated from the rest of the world. Must suck to be a US citizen. Even though it doesn't really suck, this is not a pleasant experience that's for sure.

I heard they are going to try their luck with KuCoin but how long will that last? They'll get kicked out again.

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September 15, 2019, 04:42:40 PM
Last edit: September 15, 2019, 05:00:52 PM by Pipdips
 #16

even yesterday there was news the binance would make a special US exchange, this is good news and I am sure it will be more crowded.
The next website (binance.us) is NOT owned or operated by Binance!!  It is owned by a totally different and unknown trading company named BAM.  Again: the binance.us website is not Binance!!

Everybody is tired of talking about it.
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September 15, 2019, 04:54:01 PM
 #17

There is a sad part though. Kucoin have been there for a long time and yet people picked Binance over it. So why Kucoin now? Same with Coinbase Pro. It was sitting there and no one is noticing it but because of the hype of Binance everything switched over.

But things do change. Bittrex was launched in 2013. In the early days, they were overshadowed by exchanges like Cryptsy, Mintpal, and of course Poloniex. It wasn't until early 2017 that they came to dominate the altcoin exchange space.

Binance has only been on top for 1.5 years. They've just kicked out US traders and I bet they will eventually enforce mandatory KYC of sorts too. Just like Poloniex and Bittrex, a lot of their traders may go elsewhere. Kucoin is one possible place where they might land.

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September 15, 2019, 05:20:35 PM
 #18

even yesterday there was news the binance would make a special US exchange, this is good news and I am sure it will be more crowded.
The next website (binance.us) is NOT owned or operated by Binance!!  It is owned by a totally different and unknown trading company named BAM.  Again: the binance.us website is not Binance!!

Everybody is tired of talking about it.
I guess it is just a careful management of US and its laws. CZ could have something illegal hanging on its loin which the exchange cant work with

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exstasie
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September 15, 2019, 05:47:01 PM
 #19

The next website (binance.us) is NOT owned or operated by Binance!!  It is owned by a totally different and unknown trading company named BAM.  Again: the binance.us website is not Binance!!

What makes you think it's not owned or operated by Binance? This isn't like a McDonald's franchise.

I'm pretty confident BAM is not just DBA Binance.us but is actually a subsidiary of Binance's holding companies. It's very normal for multi-national companies to form separate companies to address national regulations.

Logically there's also no reason for Binance to give up control. They are trying to build a global brand.

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September 15, 2019, 06:24:00 PM
 #20

Especially their former USA clients.  We all went to other exchanges like Coinbase Pro or Kucoin.. Let's just bury the hatchet already and move on.  Can we?  Undecided

Binance is still the No. 1 exchange and as far as i know they will launch a separate exchange for their US customers. I am sure US customers will be happy to be part of binance again. I do not think they will shift to Kucoin. Also we are waiting for the Baktt launch as that exchange can really be a bigger exchange than binance.

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