CZ claim crypto is high risk, here's my opinion

[tbterryboy]

i think his exchange services constitute more on the risk involved in cryptocurrency, while knowing this he could have maintain only dealing with bitcoin than altcoins which most have resulted into scam related offenses, i think CZ motive is just to make business and profit out of it, regardless of means, we all know many shitty coins enlisted on Binance before now but which are no where to be found today. cryptocurrency involves taking risk but centralized exchanges were risks added to taking a risk.

They don't deny that and that is why they are making these left and right disclaimers so that people won't totally put the blame on them. They cant simply maintain 1 to 2 top coins such as btc and eth because they are a crypto exchange and not some kind of a shop or gambling site where having a tiny number of coin is acceptable.

Obviously cz built binance so that he can earn a profit but it doesn't mean that he won't care for the others. He already did a lot of contributions on the crypto space in fact. Shitcoins on the other hand can come and go so it's normal that many of them are already delisted but expect that there will be another replacement.

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[ultrloa]

Its not secret already that crypto is high risk since there are so many people telling that and its just CZ is the most influential among them that's why other newbies give a weight on this statement.

And I'm glad he tell that to public because meaning his not here to hype up crypto and his business but rather he just want to be realistic and for people to realize that they shouldn't take crypto easy as they think since this could break their hopes if they do a mistake on their money here.

[mbakruroh]

~

This is not a claim, but a statement that is true to the facts. CZ only reminds crypto users to avoid investing if they are not ready to suffer losses or have no experience in investing in crypto. Crypto price fluctuations will be risky for investors or for beginners who are still learning about crypto. CZ had a large exchange, she needed to remind him of that in order to avoid users misunderstanding her.

[carlfebz2]

Its not secret already that crypto is high risk since there are so many people telling that and its just CZ is the most influential among them that's why other newbies give a weight on this statement.

And I'm glad he tell that to public because meaning his not here to hype up crypto and his business but rather he just want to be realistic and for people to realize that they shouldn't take crypto easy as they think since this could break their hopes if they do a mistake on their money here.

Yes, its not already that a basic thing when we do talk about risk here on crypto space.CZ just do make out some reminders specially into those newbie or to those people who had just recently jumped into this market.Its high risk and this is why people shouldnt really be that having the mindset on making easy money with crypto space because thats not how it works.
Always have that research and act accordingly based up on your skills and awareness.Dont hurry up on making up decisions and once you do gain up experience then this would really
be making things a bit more able to handle.You would be finding yourself to be that able to handle situations once you do gain sufficient experience.

[livingfree]

And I'm glad he tell that to public because meaning his not here to hype up crypto and his business but rather he just want to be realistic and for people to realize that they shouldn't take crypto easy as they think since this could break their hopes if they do a mistake on their money here.

Yeah, unlike the other popular people in different industries. They're dropping some statements and hyping the newbies what to invest. CZ is just telling the truth and many newbies should take it seriously.

No sweet and bias words.

Only all about the reality and that's giving him and his projects/businesses the exposure that he needs too.

[ultrloa]

And I'm glad he tell that to public because meaning his not here to hype up crypto and his business but rather he just want to be realistic and for people to realize that they shouldn't take crypto easy as they think since this could break their hopes if they do a mistake on their money here.

Yeah, unlike the other popular people in different industries. They're dropping some statements and hyping the newbies what to invest. CZ is just telling the truth and many newbies should take it seriously.

No sweet and bias words.

Only all about the reality and that's giving him and his projects/businesses the exposure that he needs too.

CZ is true to his community he doesn't want people to expect a lot on crypto and maybe he warned them to be careful upon taking decision on which coin to buy. This is good gesture and hopefully many people didn't take it negatively since what he says is eye opener for newbie which think always good on crypto and they will not be rugged on it because someone telling them that its safe to invest together with they can get 100% sure profit on their investment.

[Bitstar_coin]

CZ is true to his community he doesn't want people to expect a lot on crypto and maybe he warned them to be careful upon taking decision on which coin to buy. This is good gesture and hopefully many people didn't take it negatively since what he says is eye opener for newbie which think always good on crypto and they will not be rugged on it because someone telling them that its safe to invest together with they can get 100% sure profit on their investment.

It is better to say it as it is rather than giving false hope, some people want to hear you tell them they will become very rich in a few days when they invest in crypto which is not so.
it is good to be frank in matters like this, it can help a potential investor to make up their mind and be ready for the ups and downs of crypto.
CZ is a vivid example that if you are patient, dedicated and hardworking it will pay off someday, he didn't become this rich and popular overnight, he has work his butt to get this level and this can be same for all investors.

[KaliLinux]

but i think his exchange services constitute more on the risk involved in cryptocurrency, while knowing this he could have maintain only dealing with bitcoin than altcoins which most have resulted into scam related offenses, i think CZ motive is just to make business and profit out of it, regardless of means, we all know many shitty coins enlisted on Binance before now but which are no where to be found today. cryptocurrency involves taking risk but centralized exchanges were risks added to taking a risk.

Let's say you are hodling your crypto assets in your own wallet and something happens to that crypto project, would it matter if they were in a centralized Exchange like Binance or if you were hodling them in your own wallet? The project is dead means it is dead and it is not because of CZ or Binance. I remember coming into crypto when Bittrex was the Exchange to trade in then and when most of the first shitcoins I knew were on Ethereum Network and I still have all those dead projects in some of my wallets to date. CZ or Binance isn't the issue, he is just being truthful with crypto investment.