Binance scamming its users with the up and down tokens .

[stomachgrowls]

I can't blame him for that because he probably lost a lot of money but the problem is on him. He doesn't check in which market he is trading with.
Well, if Binance gets the same customers and traders like this then it's been so long we're seeing them step down from being a top exchange because of such accusations and blaming of their losses.

It is so strange that in crypto,,, people do not seem to use the same common sense normal people do with money.

1. If it is too easy, it is not right.
2. If it is too good to be true,,, it is too good to be true.

Besides, why believe in Binance numbers? Or rather, why believe the numbers are a true representation of data? Everyone knows there is wash trading and bots right?

Well, it's because of the greed that human beings have. And that's what he might thought from the beginning after seeing some very success stories or by just looking at the projected profit. That's it. In crypto, before committing a trade or getting into the market, you must be aware of the potential risk or the actual risk itself that you'll get. Even buying bitcoin has its risk because you may purchase it at a considered low price and then after buying, another dip comes and that's the risk that others don't consider.

To much expectation without watching the risk will end up misery and this is what happen to him right now, thats why next time its really better to know first how to manage the risk before jumping in since there are always sudden shift of market movements and for sure we lose our money if we are not prepared on how to act on this. Maybe he shouldn't blame the exchange if he lose but rather make this as learning experience.

He would soon realized that when he do already know on how the market move specially with futures/margines because if we do compared on how the movement out of these things then you would really get shocked on how fast it would blown out your account so better be aware.

This is actually true when newbies tends to lose up money and then they do took the blame into the platform without even knowing that the platform he's been blaming off is one of the most popular as of today.

Know the basics and mechanics first and learn first on how to make some risk management before making any complaints.

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[Reatim]

you really are a crypto noob like your username because if you arent , you will know that those coins and simillar are risky type of coins .

don't be so harsh mate , let them be because it is their choice in what to believe.

investing on them was like playing a gambling and your gambling with your life savings . binance is not responsible for your loss for any traders that trade on them because they are just an exchange and they dont manipulate the coin but the coin can be manipulated by its creator and the whales .

That's what i am rooting here , before we invest then we must have knowledge in what we entering and this OP has so much mistakes and now blaming binance .

i am a years user of this exchange and yet nothing be an issue from the start.

[batang_bitcoin]

Well, it's because of the greed that human beings have. And that's what he might thought from the beginning after seeing some very success stories or by just looking at the projected profit. That's it. In crypto, before committing a trade or getting into the market, you must be aware of the potential risk or the actual risk itself that you'll get. Even buying bitcoin has its risk because you may purchase it at a considered low price and then after buying, another dip comes and that's the risk that others don't consider.

To much expectation without watching the risk will end up misery and this is what happen to him right now, thats why next time its really better to know first how to manage the risk before jumping in since there are always sudden shift of market movements and for sure we lose our money if we are not prepared on how to act on this. Maybe he shouldn't blame the exchange if he lose but rather make this as learning experience.

Many newbies got this the same mistake and they are assuming to become rich with crypto as soon as possible. But they don't understand the risk that they're taking with those leverage trades is higher than the usual market that we see.
To avoid such is to know what they're entering so that they're informed of what they do.

[Mistafreeze]

The op needs to understand that a lot of risks are attached to trading, so he needs to understand all that is involved in trading including risk management and lot size uses before embarking on it. A lot of newbies still thinks that trading is very simple and easy without calculating the amount of risks they're ready to take before clicking the buy or sell botton.
The op did not calculate his risks before holding the coin which is the reason why he was not able to bear the loses.

[semobo]

Investing on a project is everyone's personal choice because they are going to invest their money from from their own pocket so if they invested on a project because it promoted by reputed exchange means you ignorance is the reason for losing your money and the exchange will never come in this view.

[Beparanf]

Investing on a project is everyone's personal choice because they are going to invest their money from from their own pocket so if they invested on a project because it promoted by reputed exchange means you ignorance is the reason for losing your money and the exchange will never come in this view.

This is fact since the majority of the coin experience pump and dump too. It just vary on how much changes it will go on a given time but it's a different scenario once the PnD was manipulated, Exchange will be liable on that part once proven but considering that Binance is not officially regulated by SEC, its impossible to determine that.

[Ararbermas]

Investing on a project is everyone's personal choice because they are going to invest their money from from their own pocket so if they invested on a project because it promoted by reputed exchange means you ignorance is the reason for losing your money and the exchange will never come in this view.

correct.. Because even the exchange is trusted and those new projects can really pay for listing it will always be our consideration when it comes trading /investing and we can't blame them since that's the reason why they built that platform as well.. Especially now that there are some new features such staking and etc..so be aware because it's not their responsibility anymore.

[kram31]

Probably, you don't really understand what you are entering here in this field of business dude, You are lack of knowledge or if ever there is,  it's not enough as well for you to understand it also. This is sometimes the problem with a traders like you. Did you think it more than twice before you post this topic here in the forum?