BREAKING: BINANCE STOPS WITHDRAWALS

[talkoncrypto Official]

Have you ever thought of hearing a news or tweet like this in future.. have you prepared yourself , What would be your 1st reaction after watching a tweet like this ...

Someone Tweet this .. I dont know if its funny or the guy is trying to make people aware or the intensions behind it .. but its really worthy to give it a thought..
Whats your opinion

[virasog]

Have you ever thought of hearing a news or tweet like this in future.. have you prepared yourself , What would be your 1st reaction after watching a tweet like this ...

Someone Tweet this .. I dont know if its funny or the guy is trying to make people aware or the intensions behind it .. but its really worthy to give it a thought..
Whats your opinion

You just made me heart attack with this topic. 

The market can't take this and if binance stops withdrawal now, it will be the end of crypto for the time being. I don't know why anyone would tweet like this and spread panic. The panic is already on its peak with FTX, Blockfi stopping withdrawal, we don't want binance doing the same and killing not only people fund's but also damaging crypto adoption.

[Rikafip]

What would be your 1st reaction after watching a tweet like this

My first reaction? Probably thinking to myself "I am sure glad that I don't have any money there and its time to buy some very cheap bitcoin".

The market can't take this and if binance stops withdrawal now, it will be the end of crypto for the time being.

It would be the end of hundreds of shitcoins that were built on BSC but bitcoin  would survive, its just that it would be on a big discount (probably in the region of 2019 bottom which was ~$3K)

I don't know why anyone would tweet like this and spread panic. The panic is already on its peak with FTX, Blockfi stopping withdrawal, we don't want binance doing the same and killing not only people fund's but also damaging crypto adoption.

I don't think that people took what happened with FTX seriously enough and plenty are still having money on centralized exchanges, thinking that theirs is safe.

[NeuroticFish]

What would be your 1st reaction after watching a tweet like this ..

I would be a bit surprised, since Binance looks stronger (of course "looks" and "is" are different things).
And I would be a bit angry, since the panic (and price dump) because of FTX would be nothing compared to what would Binance's fall produce. And I've already got tired of the current crypto winter tbh.
(I will add that I would not be surprised to see this news about crypto.com though)

[davis196]

You just made me heart attack with this topic. 

The market can't take this and if binance stops withdrawal now, it will be the end of crypto for the time being. I don't know why anyone would tweet like this and spread panic. The panic is already on its peak with FTX, Blockfi stopping withdrawal, we don't want binance doing the same and killing not only people fund's but also damaging crypto adoption.

Are you being ironic or something?
I don't think that Binance going bankrupt would be "the end of crypto". The BTC price might drop even below 10K, if Binance stops withdrawals, but I'm sure that the crypto markets will slowly recover from this. Stopping all withdrawals doesn't necessarily mean going bankrupt. It's simply a move intended to lower the panic on the crypto markets(even though it creates more fears and uncertainty).
The crypto traders must calm down and don't sell. Panic selling is the most stupid move right now.

[Nrcewker]

It’s always recommended not to keep your hard earned money or cryptos on any exchanges. Always store your coins in a hardware or offline wallet if possible. Moreover Binance before doing any sort of things will definitely give a notification to it’s users. To be honest many are affected through the FTX issue, but believe me FTX and Binance are completely different. Just keep hope and don’t panic.

[michellee]

Even though I will feel panic for a moment, I will still try to stay calm because it is certain that it will not only be me but many people who use Binance will have various reactions. The whales on Binance will not stay silent if this happens and will ask Binance for an explanation regarding this matter. I don't think Binance will let this happen and will make sure things are still under their control. Let's hope this doesn't happen on Binance.

[Ararbermas]

Have you ever thought of hearing a news or tweet like this in future.. have you prepared yourself , What would be your 1st reaction after watching a tweet like this ...

Someone Tweet this .. I dont know if its funny or the guy is trying to make people aware or the intensions behind it .. but its really worthy to give it a thought..
Whats your opinion

well obviously its not a good news if however that wil happen because mostly in the space surely relying on binance since it becomes so popular and very reliable and trustworthy as well at the same time when it comes holding crypto currency.. So people will going crazy for sure if it will happen especially without any further notice to the public, it will be a big problem.

[Vinaa77]

Have you ever thought of hearing a news or tweet like this in future.. have you prepared yourself , What would be your 1st reaction after watching a tweet like this ...

Someone Tweet this .. I dont know if its funny or the guy is trying to make people aware or the intensions behind it .. but its really worthy to give it a thought..
Whats your opinion

Regardless of whether someone's talk is right or wrong with what he said, but we will not consume news from other sources. Because Binance also has an official website, and CZ is active on twitter with all the information he provides. I think we need to avoid information that doesn't mention something accurately so as not to cause panic for today's crypto users.

[OgNasty]

I believe Binance just posted proof of having over seventy billion dollars worth of coins in their reserve. It would take a whole lot of withdrawals before they’d be anywhere near a position to stop them. The big concern to have with Binance is that their BNB token is not a ton different than Luna or FTT. If you see BNB suddenly start taking a dive, then I’d advise you get everything off Binance. So long as their token holds value, they won’t have any problems, just like FTT and Luna.

[aylabadia05]

Have you ever thought of hearing a news or tweet like this in future.. have you prepared yourself , What would be your 1st reaction after watching a tweet like this ...

Someone Tweet this .. I dont know if its funny or the guy is trying to make people aware or the intensions behind it .. but its really worthy to give it a thought..
Whats your opinion

First, it's not a problem at all if that's the case because keeping funds on an exchange is not a safe thing.

Second, tweets like this signify an attempt to create a level of panic among people about the situation given that Binance is an exchange that has a high number of transactions.

The other thing that makes me think with tweets like this is the level of truthfulness of the information. I see this information may not be true considering the information is not from the official source.
CZ did not make a single statement regarding the suspension of the temporary withdrawal on his official twitter account.

[salad daging]

I wouldn't worry because I didn't put any money there, but I always thought what if this happened in the future maybe a mass panic would occur throughout the crypto industry because it's one of the exchanges that many investors can trust.

For someone who sees this tweet, they will definitely panic, especially if someone has spread it on other social media, but this is just to scare or just a hint to think ahead how to put money on the stock exchange. This will definitely happen and maybe.

Which I think if one day Binance gets this bad it's going to go black for all crypto except bitcoin.

[coolcoinz]

I've been ready for a situation like that since Gox and I wouldn't even flinch. I have 0 coins on exchanges and when I want to make a trade it's almost instant deposit > trade > withdrawal. I rarely keep my coins on exchange for more than 6 hours and I recommend you learn to do the same. Sure I pay some fees moving money around but I haven't sold anything for months because I only accumulate in bear market so next time I deposit anything bitcoin will be above $30k. I can afford some fees by then.

[Oceat]

Spreading fake news like this is bad and would gone wrong if not checked properly.

It seems that the one who spread it might want the market to cause panic to create another FUD after the FTX incident. I don't know what made them do it but it's better to not leave your coins on an exchange if you aren't trading yet since we never know what will going to happen in the future. Anytime soon there's always that something's going to happen, always be prepared and always take precautions.

[jossiel]

The guy is reminding that it could happen even in Binance. There's no assurance in the crypto exchanges because they can change their minds at any time or something really terrible can happen to them.

Even if CZ has shown how much they've got in their reserve fund.

It won't change a thing when they're being hard hitted by some hackers or by an inside job or any unexpected thing that would totally wipe out their assets, their users assets.

[redsun114]

Have you ever thought of hearing a news or tweet like this in future.. have you prepared yourself , What would be your 1st reaction after watching a tweet like this ...

Someone Tweet this .. I dont know if its funny or the guy is trying to make people aware or the intensions behind it .. but its really worthy to give it a thought..
Whats your opinion

My heart stops a bit after reading the title but it functions properly now after knowing that it isn't true. No I never thought of this, because I know that binance is too strong to fail. If ever they will stop the withdrawals then that will only be for temporary and it's caused by some issues inside their site so people shouldn't worry or panic in an instant but I think scenarios like this have already happened on them before.

I am only not sure if it happened during the luna crash or during that time where there are new about banks freezing customer funds. But like I said earlier, it didn't last long and people gained confidence again on binance later on.

[TimeTeller]

Have you ever thought of hearing a news or tweet like this in future.. have you prepared yourself , What would be your 1st reaction after watching a tweet like this ...

Someone Tweet this .. I dont know if its funny or the guy is trying to make people aware or the intensions behind it .. but its really worthy to give it a thought..
Whats your opinion

My heart stops a bit after reading the title but it functions properly now after knowing that it isn't true. No I never thought of this, because I know that binance is too strong to fail. If ever they will stop the withdrawals then that will only be for temporary and it's caused by some issues inside their site so people shouldn't worry or panic in an instant but I think scenarios like this have already happened on them before.

I am only not sure if it happened during the luna crash or during that time where there are new about banks freezing customer funds. But like I said earlier, it didn't last long and people gained confidence again on binance later on.

There were some instances that they did pause the withdrawals, but only temporary and they did give warning or announcements.
I don't have much left in my binance account as I only use it for trading and then get out my funds after.
So for me, I am not in panic mode about this. For now, check the announcements first before depositing funds.
Binance has their insurance in place, so no matter what, I believe your funds are safe in case of worst scenarios.

[Queentoshi]

This will be a very horrible news at this time, if a big exchange like binance starts causing people to panic, it may even affect the price of bitcoins further, I hurriedly opened this topic hoping it was not real, good thing seeing that it is a question to prepare our minds. I would not have been worried not for me though, because I don't use binance, but I know plenty people who use binance and they will be affected.

[uneng]

At this point it wouldn't surprise me anymore. You can't trust anyone on this industry. What people say today can be exactly the opposite tomorrow. Crypto developers and companies have proved to be more or so shameless like the specialists who run our fiat system, central banks and governments. They don't want to offer quality services and a smooth experience to crypto users, rather they want to steal maximum money as possible they can from crypto enthusiasts, disappearing right after without major consequences because the justice system is too slow and in some cases conniving with the thieves.

[Baofeng]

Have you ever thought of hearing a news or tweet like this in future.. have you prepared yourself , What would be your 1st reaction after watching a tweet like this ...

I just withdraw the last remaining crypto I got in Binance, just worth around $100. So I guess I won't be affected by this news and probably just be laughing in the side because I made that decision. But for those who believed that Binance is so trusted and not going to rug pull, and having big money on them, yeah, probably they will have a heart attack.

Someone Tweet this .. I dont know if its funny or the guy is trying to make people aware or the intensions behind it .. but its really worthy to give it a thought..
Whats your opinion

Perhaps just like you and see, he wanted to see the reaction of the public.

And if this happen for real, then Mt. Gox 2.0 that will haunt us for many years to come. And then the cycle continues, new crypto exchanges pops along, becoming the biggest again. Until it collapses and dissolved.