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Author Topic: I talked with very smart person he told me about crypto people need to know  (Read 203 times)
Lucius
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November 11, 2022, 03:27:33 PM
 #21

Binance Are too big there is customers from UK eu russia USA au .... Can you imagine how many people Will lose ?

I can imagine how many people would lose what they keep there, but that's their problem because they trust one man and one company, instead of realizing that they themselves should be their own bank. There is nothing smart about what you believe and what you write, because you have only convinced yourself of some kind of fairy tale, and you are trying to promote something that does not make much sense.

No one is big enough to fail, and all those who think differently are doomed to a bad outcome anyway, in one way or another.

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Fullbear2222 (OP)
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November 11, 2022, 03:38:34 PM
 #22

Binance Are too big there is customers from UK eu russia USA au .... Can you imagine how many people Will lose ?

I can imagine how many people would lose what they keep there, but that's their problem because they trust one man and one company, instead of realizing that they themselves should be their own bank. There is nothing smart about what you believe and what you write, because you have only convinced yourself of some kind of fairy tale, and you are trying to promote something that does not make much sense.

No one is big enough to fail, and all those who think differently are doomed to a bad outcome anyway, in one way or another.


I guess then the ceo Will be hunted down like crimimal.
If you take all the people money and run it's a crime.
Also many traders Will put the money so the bounty hunters Will find and bring justice.
Things can turn ugly and Im sure binance have back up funds becouse his life will be ruined and all binance team members will struggle becouse there will be too many people who Will team up.

And If people lose money like over 100k it can change their mind and bounty hunters Will want to earn.

And dont want Huh
If someone own like few Hundred milions... Then bounty hunters Will get like 20 mil off course they Will act.

I tell you construction business the bounty hunters will bring money Even for smaller ammounts

People don't imagine it can trigger war.

U need to understood that Even Mafia italians russians albanians Will take the bounty hunting Job to get money the money Are just too big.
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November 11, 2022, 04:31:48 PM
 #23

Binance are not liable for your lose or lost of any funds while trading on future, i don't think there is a guaranteed or ToS that state it categorically of refundment if you lost money.
Yes Binance has been a trusted and reliable trading platform, also the largest worldwide so while dealing with binance they have their own specifications and sets of rules to be adhered otherwise your account could be freezed.

Quote
But where i can buy shares of binance stock

The only way to do this is to buy and hold Binance coin BNB and stake on their exchange there's a percentage for holding on Binance exchange,
for more details you may check out here.

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Nrcewker
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November 11, 2022, 04:42:43 PM
 #24

If you trust so much on Binance, then better get BNB coins, these are the coins developed by Binance. So if you have so much trust on Binance, then BNB will be a great option. I really don’t have knowledge where you can get the stocks of the company, but yes holding BNB might be a better option for you. Moreover rather than Binance or BNB, i will support holding BTC or ETH, as per my perspective these have better future then other things.

Lucius
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November 12, 2022, 10:38:10 AM
 #25

I guess then the ceo Will be hunted down like crimimal.
If you take all the people money and run it's a crime.
Also many traders Will put the money so the bounty hunters Will find and bring justice.

You seem to be still very young and inexperienced, maybe you are unfamiliar with cases like Quadriga where the CEO allegedly died and took $250 million with him, except that only two people allegedly saw his body - so it is very easy to fake your death if you are a little intelligent and you have money. Have you heard of Kwon? I hear a lot of people are looking for him, but no one has any idea where he is, and I doubt those bounty hunters will ever find him.

People don't imagine it can trigger war.

What kind of war are you talking about? Who will go to war against whom if a crypto exchange declares bankruptcy or cannot meet its obligations in some other way? You watch too many American movies, fiction is one thing, but reality is something else...

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YOSHIE
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November 12, 2022, 01:49:50 PM
 #26

Sedikit keliru jika orang pintar tersebut mengatakan kepada tentang ini.
binance then it means you cant trust govermemts or any Banks either,
I personally use the Binance Platform not on the basis of trust between the government, me and the Bank, that's a different understanding, Different options bank and government with Binance, I use the Platform for trading & investing based on the quote below.
Quote
* The platform is easy to use and can be installed on a cellphone.
* Has the largest and largest collection of crypto assets in the world.
* Has a staking feature that makes it easy for users to earn interest every day.
* Platform can be used for novice investors and expert crypto investors.
* Low transaction fees and fast fund disbursement process.

Other than the points above, what I'm sure is the reason for using Binance in crypto trading is that they process very high liquidity/transactions, this feature makes buying and selling easier and faster, it has nothing to do with government and bank trust in using the Binance Platform.

R


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November 12, 2022, 02:19:48 PM
 #27

If you trust so much on Binance, then better get BNB coins, these are the coins developed by Binance. So if you have so much trust on Binance, then BNB will be a great option. I really don’t have knowledge where you can get the stocks of the company, but yes holding BNB might be a better option for you. Moreover rather than Binance or BNB, i will support holding BTC or ETH, as per my perspective these have better future then other things.

Maybe he is a true Binance fan and a big believer in Binance. Holding BNB was an option for him to continue supporting Binance. I don't know why he really believes in the exchange if you look at the current case. Even CZ was also the cause of the further collapse of FTX by failing to acquire FTX. This is a lesson for all of us that exchanges are no longer safe, don't keep all your money on the exchange. If an exchange has declared bankruptcy, what are we going to do? crypto is cruel when events like this happen.
The safest thing is to store in a private Wallet and only we can fully control it, and holding BTC and ETH is the best because the development is clear and without manipulatives from any internal party.

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