Lies in the world

[TelolettOm]

More advertisements or promotions are always sent by certain platforms so far, from the fake or scammers until the reputable platforms. Yeah, the promotions will be always very promising, they will do it in order to attract the users to do something that they want. But you are right, they are moreover doing this for business. And business is always business, the point is about getting profits and money from their users.

I cannot blame Binance or other platform, because this is one of the promotions.
And about trading type, Spot trading is the best trading for moreover beginners. I always say to my friends that even we only earn small profits, but trading in Spot is less risks and trading in future or with leverage.
We also know that it is true that trading in leverage can really multiple our money so easily, but it can also lose our money so easily.
So depend on you, if  you are  a professional trader who has been usual, professional and  also high risk taker, trading in future or with leverage is very promising and many people have proven about this.
But f we are new to this, never try it at first.

[dansus021]

that binance promotion ftx do the same with FTX futures that comes up in coingecko, but please take the ads carefully

personally i dont recomendded with margin trading futures or trade with leverage is high risk cauce i do lost much  but it can make profit fast to

leverage trading is for more advance trader if u confuse what trade trype shoul you choose i will pick Spot

[traderethereum]

That is what happens to the world.
You have your choice to be part of that lies or you can stay on your right track.
You do not have to bother with that everything that seems to be lies so you do not lose your focus to do whatever you do to achieve your goals.
Related to trading, you do not have to feel tempted because of the exchange offers because you can not expect to make a big profit from that way instead still use your way that can make you feel comfortable in analyzing the market and have a chance to make a profit.
But if you have a curiosity, you can try to go that way but I can only remind you that do not risk too much money that you can afford to lose because if you use that way, the risk will become bigger than the spot trading.

[Poker Player]

Well, I find what Binance does morally questionable, although it is true that strictly speaking they are not lying.

OP, is there no fine print in the message warning of possible losses?

The truth is they paint it very pretty but if I had to send an email to counter I would say margin trading is the best way to lose a lot of money very fast, description that is quite a departure from how they paint it.

[Wiwo]

The best advice is to add discretion to all your decision it doesn't matter if you are a trading margin or spot trading and binance messaging its clients is a way to promote their new features but in all don't get too greedy stick to what works for you.

[DdmrDdmr]

<...>

I can't get a copy of that specific promotional email anywhere, but I have seen some others around that do include a risk warning on the footer of the email. This is something that should have been included here, and is something that is aligned to what I mentioned on my prior post on this thread.

Example for an older promotional email from Binance related to Futures:

<…>
Risk Warning: Futures trading carries substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movements. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Futures. To learn more about how to protect yourself, visit our Responsible Trading resource page <…>

Was a similar footer not present on this occasion?

[Oshosondy]

Was a similar footer not present on this occasion?

No but I did not click on "view more" as it displayed "view more and try margin trading now". I did not because I was expecting it to take me to binance margin trading directly as usual. I have only seen that similar quote ones before and not long when I joined binance and it was through an email. If I saw it there, I wouldn't have created this. I believe some other binance users saw the notification message on their binance account, they should be able to testify to this. I have deleted the messgae as it really annoyed me, I would have gone all the way to login on web to see if I can copy the link and paste it here. Nothing like warning, I am wondering why some people are supporting binance doing this, I have come to think if they are binance officials.

[Kelvinid]

If you got hypnotized with this trick, it absolutely makes you fool and do follow what they say, and ended up losing.

I've received so many emails coming from Binance as well but never I do what they promoted. As for me, why I should have to do this since I know in myself that it can be hard and I'm not capable of doing this. I read it and just simply ignore it.

As I'm doing spot trading, I'd live with such confidence but to try getting into a higher level of risk in leverage trading or in futures trading, that is out of my mind now even they will say there is a bigger chance to profit more. Well, that seems a bigger chance to lose (just for my personal assessment).

[Coyster]

Isn't that the very reason why the rule of thumb of DYOR is incessantly being told to users, especially newbies, I don't really know if the message by Binance is wrong or not, but what I know is that they are not compelling anyone to do anything, if a user gets that message and just takes it in hook, line and sinker, then whatever the consequences are is definitely on them, as a crypto user you're meant to verify every message you get and check if it actually suits you or not. Every service one uses will always try to advertise for themselves to make money, you shouldn't be convinced by their adverts, you must always DYOR and draw your conclusion.

[KingsDen]

Honestly, the information is helpful but the captivation the heading gave me was not seen in the post.
We cannot outrightly say that Binance lied. There are people who also makes a lot of fortune from margin trading. So, what they did was an advertisement.
And no brand advertises her brand with the side effects. Advertisement goes with the sweetest and most positive words.
So, Binance did not lie. We can only say that it's a lie if actually nothing like margin trade exists.

[suzanne5223]

Thank you for sharing this information because it going to save a lot of newbies but I am not surprised about this information, because when the crypto market is in the season of the ATH market some people always intentionally spread false information to deceive the newbie and some greedy crypto investor. I am only surprised because the information was sent by Binance and they have also been involved in a lot of issues lately which I believe may affect their reputation.

[Ebede]

The world is simply cruel, you would tell humans the truth and it's simply interpreted the wrong way.
Most information we get if not eye witness can also be false, reporter's are paid handsomely to take out the wrong set of news.
In the world today,I think lie's much more appreciated.

[BitKongy]

All humans do lies for one reason or the other especially when it comes to businesses like selling stuffs you need to make sure that customers don't leave your company or store without buying a thing, this is why I believe no one is Saint when it comes to money making, it's what scammers do as well they lie to lure their victims

[Lordhermes]

Almost everything in the world today are lies.Therefore,before taking or accepting an information shared to you,try as much as you could,to verify the information well,before deciding,and making use of it because it might cause you pain if not properly checked.

Lies are from the pit of hell,but these days,human being no longer do without that lie again,they lie on daily basis,and earn a living through lies.

[ice18]

Not only in trading and in crypto, but also in every business telling lies to every customer to buy their product, in the end its on your own to decide if you try it or you have to be wise and ask other first before doing anything. 

[Darker45]

To be fair, this looks to me a plain promotion or marketing of a product rather than an outright lie. You know, companies promoting their products and services through various ways, especially through ads, are allowed to lie up to a certain extent. I don't know why, but exaggeration in ads has always been a thing. We, as customers, will have to do the due diligence before getting into something. There's what we call caveat emptor.

Margin trading amplifying your profit is true, because you are allowed to use leverage. The downside of it; of course, they won't include it. They're marketing, after all.

[Imran232]

............................

In my opinion, they are not that much wrong either. Look around, everyone here or in this world is doing it for their own profit. No one will do it for others' profit. That is how he can survive. Though Binance makes profit from users, if Binance is able to make a profit, how will they run the exchange? They are not a free service provider because they do all their work with donations. They have lots of workers, and they are running lots of promotional campaigns. They have huge maintenance costs too, so they should earn from someplace. But you know what, they are giving you money security; if a hacker hacks, they usually take responsibility and pay him. are earning through our fees. Just think if everyone made a profit from future trades, then they would have to pay all of your fees. If they make a profit from future trades, it's all because of the market situation. Their profit depends on the market. If you are doing short and the market goes up, then they make a profit, but remember there are a lot of people who made money long too. If they make money from someone, they must also pay someone.So, if you can't use how they made money, their message sending is a promotion strategy.And I'm not saying Binance is the best; I'm just saying that every exchange does the same thing, so why single out Binance? also have lots of complaints about Binance, but I used it for its insant and secured behaviour, and I also used ftx, kucoin, coinbase, bybit, bithumb, and more too. All are working with the same strategy. I hope you won't mind if I heart you something. I am really sorry. I'm just giving my opinion. Thank you. 

[kawetsriyanto]

Lies have become a part of life. Not only lies, but also evil, goodness, selfishness, honesty, panic, and many various traits are inherent in humans and in everything in this world.
Even today's public lies may be so pervasive and we have to pretend we don't know the lies just because we don't have the power to fight them.
We also know how many lies in the crypto world, carried out by scammers, influencers, and various project developers to attract interest and sympathy from many circles. One of the purposes of the lies again is "money."
So, I don't think we need to think deeply about the lies, just try our best effort not to do many lies again to the world. Start from ourselves.

[FatFork]

<snip>
So, I don't think we need to think deeply about the lies, just try our best effort not to do many lies again to the world. Start from ourselves.

We can only build bridges to humanity and serve society and the world we live in by honest efforts and by delivering value. We can't get on in that world by relying on lies and scams. Could a blockchain and cryptocurrency community make a positive impact?
Yes, of course it could. And I believe it already is.

[Lordhermes]

The world have turned to a place where scam is now a major profession,and it takes only few people who can ditect lies, and know how to handle it.
Most persons have been carried away by what they heard from somewhere,unknowing to them that every single information they've heard is a lie.
We must have the ability to know when false informations are shared to us.