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

[348Judah]

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.

[Despairo]

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.

Are you sure?
I still see XRP, BCH and other shitcoins were listed on Binance, they're not removing the whole shitcoins yet.

Even Binance is delisted the whole shitcoins, I wouldn't use their exchanges because it's still centralized and will harm my privacy concern. I'll stick with decentralized exchanges e.g. Bisq if I need to buy or sell my Bitcoin.

[Yawa2020]

This is not new to anyone who's involved into crypto. Only a newbie will claim not to know the high risk of crypto. By the way, you can not blame CZ because the main purpose of business is to maximize profits at all costs thou it's not supposed to be detrimental to others. You are therefore required to do diligent research before you invest in any shitcoin.

[_act_]

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

Binance is an exchange, the exchange will try possible best to list good coins, but some coins can turn bad like Luna and UST.

i think CZ motive is just to make business and profit out of it

Definitely. If you have an organization, won't you want profit? All you will be looking for is to make profit in a legit way if you think you can.

I still see XRP, BCH and other shitcoins were listed on Binance, they're not removing the whole shitcoins yet.

It depends on what you call this type of coin, they have high marketcap and I can not call them shit coins. In coin listing, Binance is better than many other exchanges.

This is not new to anyone who's involved into crypto. Only a newbie will claim not to know the high risk of crypto. By the way, you can not blame CZ because the main purpose of business is to maximize profits at all costs thou it's not supposed to be detrimental to others. You are therefore required to do diligent research before you invest in any shitcoin.

You can say that again, you are not wrong. As CZ said it, it can help beginners, even if not helping, saying it does not take anything from anyone.

[Eternad]

CZ is always posting like this for disclaimer to all crypto traders. All that he mention is based on facts that happened or will happen on whole crypto market. He sometimes make a series of Tweet like this when there’s an issue that he wants to address. Attacking his business exchange just because he stated the truth about crypto is nonsense argument. Even Bitcoin has high volatility so how can you single out what’s the best token only without judging base on your own preferences. CZ has there own requirements on listing there tokens and we don’t have a say on what kind of tokens they are listing.

[crwth]

I don't know what he is trying to do, but I think he is trying to insight some speculation or possibly discussion, and maybe there could be a discussion with his exchange or something. He is out to do business and has a lot of following, trying to get people talking. It's better to be doing your research on what you are doing instead of just following someone.

[348Judah]

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.

Are you sure?
I still see XRP, BCH and other shitcoins were listed on Binance, they're not removing the whole shitcoins yet.

Even Binance is delisted the whole shitcoins, I wouldn't use their exchanges because it's still centralized and will harm my privacy concern. I'll stick with decentralized exchanges e.g. Bisq if I need to buy or sell my Bitcoin.

We are saying thesame thing mate, still on the same page with you.

You are therefore required to do diligent research before you invest in any shitcoin.

Which research? Than to avoid them completely, you want to research on what can give you unrest? highly risky, you wouldn't have waste your time on something that can cause panic and raise bp between i blink of an eye, where are your investments with bitcoin?.

[sunsilk]

Well, he's said right about the crypto market and I guess he just want others to connect what they think next with what he said.

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.

Everything that CZ tells, it's always related to his business and the growth of his exchange and its main token, BNB. As for exchanges, they'll list everything that they can as long as it is inline with what they think to their vision and mission.

Also, it's paying them a fee and probably an involvement of some supply for free. That's why even shitcoins got into their exchange.

[stompix]

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.

Oh no! Impossible!
Mr. CZ or should I say Sir CZ is just a good guy who from the early stages of his involvement in crypto helped the community by faking volumes, and showed the world how crypto and regulations go hand in hand by jumping from one country to another, helped bitcoin so much by charging 10x times more for BTC withdrawals compared to his own tokens, showed the world true cryptocurrencies must be decentralized with his complete centralized network and of course, he did so much for bitcoin development suggest that a rollback should be done on BTC network cause they've lost money.

No, CZ is the nicest guy in the universe, he is doing so much for crypto and bitcoin and nothing, absolutely nothing for himself poor guy.
Does he have a donation address?

[cryptoaddictchie]

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.

Thats definitely true. He is saying a cautious message but unfortunately, many real OG would find this as wash statement since we all knew that this is his business afterall. Naturally he will say things such as dyor due to volatility to avoid being bash by public. But we can sense how his business works. Take a look on projects that arent creating much volume, see them get delisted after confirmation of such weakness.

[noorman0]

-snip-
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.

When beginners get a dose of this kind of doctrine, they are not too sorry about the risk of loss from volatility. Tweets with a little manipulation of positive messages to keep users engaged in CZ's centralized business circle, especially focusing on high-volatility altcoins.

-snip-
cryptocurrency involves taking risk but centralized exchanges were risks added to taking a risk.

The positive thing he won't be tweeting is the risk of owning crypto on the exchange, because that would kill his business.

[AakZaki]

~snip~

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.

If I was told to fill in I would answer the high profit. I think it's only natural that he has understood the risks regarding crypto. As an owner of Binance it is also an education for newcomers.
I didn't catch the strangeness in his tweet. It is indeed crypto as it is. So far I've only looked at him giving very little education and questions to see what a lot of people think. Bad crypto? Yes maybe, but I think Binance has looked at researching in terms of profitability and credibility. All the listed cryptos certainly have their drawbacks and advantages. They have certainly made rules for the tokens or coins that are there. Otherwise it will worsen the Binance name.

[milewilda]

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.

But out of the lots of shitty coins that we do have in the market today it do really make out at least some exclusion which they choses up on projects which they do seem to be worth and once these projects didnt really get that much liquidity or volume then it would be just normal that they would really be delisting it and so forth.There's no such thing about perfect selection because not every
project that they do chose and select would end up on being top of the market but somewhat project owners do really get that opportunity on being listed in one of the known and biggest crypto
platform.Doesnt matter on what type or kind of project it would be and since this is business then its normal that they would really be having these listings for added up volume
and liquidity.

[jrrsparkles]

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.

Exchange is still the platform, they are not selling anything there we are the one who is buying and selling so there is no point of claiming they list shitcoins as long as people are ready to trade them for millions everyday and centralized exchange is here for making profit so they are not going to care about what coin they are listing which means we have to do our own research on our every investment no matter whether the platform is highly reputed or not.

[bittick]

It seems like an awareness that already tweeted by CZ. I personally didn't know about his motive to create such tweet but in my opinion if this time crypto was facing a small recovery and i think he was making it to make sure there would be no newbies or people who still new in the crypto not to FOMO a small recovery that happened with bitcoin. it can go down again anytime and so reminding people about the risk before they were investing in the crypto, that's it.
Some people may try to rush the market.

[Almasani]

~

I think CZ is just giving crypto users a warning about the risks. So that crypto users do not misinterpret when losses occur. The biggest risk is price fluctuations, in which crypto holders will suffer losses. Sometimes many crypto users blame the platform for the losses they experience.
Even though CZ is a crypto owner and an exchange owner, of course he is not just looking for his own profit there, but trying to make a profit for the users. He didn't want Binance users to suffer continuous losses.

[Jawhead999]

I think CZ is just giving crypto users a warning about the risks. So that crypto users do not misinterpret when losses occur. The biggest risk is price fluctuations, in which crypto holders will suffer losses. Sometimes many crypto users blame the platform for the losses they experience.
Even though CZ is a crypto owner and an exchange owner, of course he is not just looking for his own profit there, but trying to make a profit for the users. He didn't want Binance users to suffer continuous losses.

Binance is centralized exchanges, so there's no way they will a token with fake contract etc, it's not like swap exchanges where anyone can easily add their own token on the platform. I think when they're loss, they will blame Bitcoin, not Binance.

No way if he's care with other users profit, he just want to make their customers to always use their exchanges so every fees occur on any trades are profit for them. Profit and loss are inevitable on trading, so there's a people who loss and some people who make profit.

[Bitstar_coin]

Crypto is high risk, high volatility and high reward everyone who is in crypto already know this and it is something we also tell new comer who wants to invest for the first time. i don't think cz said something that we don't already know.
Beside he use the word "Crypto" which not only describe btc but other alts too, and as we all know alts are very risky investment, it is the decision of any investor to accept but as it is important to warn investors about the risk involved.

[Taskford]

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.

Who's businessman are not into profit? If you are building a platform and you didn't think for a profit then your doing nonsense thing. And thinking profit is good because you it will contribute on your own growth and look what happen on binance right now they are totally successful and been in the hot topic for their success earned.

What CZ's telling on his post is true wince crypto is really a high risk and high volatile asset so you need to study and learn more from it if you want to know more better about it and gain with things what you learn or created on.

[AdoboSpecial]

I agree with CZ. Crypto is high risk but it also comes with high rewards. So as what the experts always tell newbies like me, always do your own research when investing or trading cryptos.