Binance lots of FUD

[_BlackStar]

There's an interview happen with the CEO of the Binance and because of this the price of the BNB immediately dropdown with the market price and of course it has a really big impact with this kind of scenario this is the time we must need to keep aware about the possible happenings and possible outcome we know that the binance is one of the largest exchange so make sure that you are updated for your safety at the same time.

The risk will decrease when you have transferred all assets to your personal wallet. The FUD that binance is experiencing is actually something to be expected since FTX collapsed, binance is sure to have an impact where the critics will clearly be against it.

We don't know who will be the mastermind, but perhaps some of the people behind FTX can counter-attack binance regardless of whether they are paid or should be. As a result, the market is getting weaker where red candle was seen in the last day. The impact also occurred on bitcoin, after touching $ 18K+ now bitcoin is trying to test how strong the $ 16K support is. Hoping for the best for the rest of the year, I will be ignoring binance FUD and still trying to focus on investing.

[Altryist]

Binance is one of the safest exchange in the world and it's very compulsory one should learn the steps involved practicing the exchange before using it for safety purposes, skipping these criteria and just hopping into trades will brings definite gurantee losses. FUD is one of the qualities that have deprived traders off their profits and have also made some shocking negative changes on traders and investors. Fear bump around traders who their trade is close to their SL, and so many things goes around their brain, while Uncertainty also proof ones is not confident of himself, losing confidence in trades and projects also leads to loss of profits. Doubts, tends to bring in confusion and negative feelings about a project in the space.

What exactly is the security of binance, why do you say that it is safe? Any centralized exchange carries certain risks, and the main ones are inherent in absolutely all exchanges. The FUD does not deprive traders of profits, it is just a manipulation that the exchange faced, we will see whether it copes with it or not. This is the world of big finance, where business sharks eat each other, the strong will survive, the weak will go to the bottom.

[$crypto$]

What exactly is the security of binance, why do you say that it is safe? Any centralized exchange carries certain risks, and the main ones are inherent in absolutely all exchanges. The FUD does not deprive traders of profits, it is just a manipulation that the exchange faced, we will see whether it copes with it or not. This is the world of big finance, where business sharks eat each other, the strong will survive, the weak will go to the bottom.

Binance has their version of security whereas for us there is always a certain risk even though they already have strong security, an example is FTX which crashed overnight because it is not guaranteed even though they say the centralized exchange is safe it will have repercussions later if we are not careful with any exchange.
FUD only brings bad news to crypto and this will attack those who are not mentally strong and don't believe in manipulation, so this is not depriving them of profits but they panic and change their own minds.

[Jody.Drummer]

FUD will always exist, let alone Binance, even Bitcoin is still in the environment FUD was created. What happened to Binance today is inseparable from the fall of FTX some time ago. Maybe these are different events, but if you look at what happened, there is a connection. In fact, we should have been alert even before what we heard about Binance today. Things like this don't make us panic that causes us to make the wrong steps.
The demise of FTX also has many roles played by the CEO of CZ, and that will invite many who don't like binance to come and create FUD.

[Captain Corporate]

I am quite happy to be buying up bunch of BNB with my bitcoin these days, its been great and I feel like as long as this keeps up, I will keep doing more. What people do not understand is that as long as Binance provides proof that they are doing fine, nothing should be a trouble for them, sure you could have FUD and you could have people withdrawing and all that, but if in the long term they do not have any problems, then its going to be fine and it will go back up. Right now there is a doubt, and that doubt is the reason why its like this, but when doubt is gone, we will do a lot better for sure.

[molsewid]

Just try to analyze if its a FUD or the real scenario now, Binance is also exposed to FTX as far as I know but since they have a better financial planning, they managed to stay on a good position. If this is another attack from whales trying to destabilize a good exchange then we should be more careful now, and Binance will face a big challenge here. Again, we should not hold huge amount of money on any exchanges, the bear market right now is still powerful and if this news becomes worst, we should expect the worst as well.

I agree, that's why I am seeing different ads of binance across the internet, maybe they are trying to make binance more powerful exchange among all other exchange and might be those people who lost their trust since FTX could be the new traders of their exchange. Since I remember what happen to FTX I keep  in mind that we should not store high amount of money in digital exchanges and wallets.

[|MINER|]

Just try to analyze if its a FUD or the real scenario now, Binance is also exposed to FTX as far as I know but since they have a better financial planning, they managed to stay on a good position. If this is another attack from whales trying to destabilize a good exchange then we should be more careful now, and Binance will face a big challenge here. Again, we should not hold huge amount of money on any exchanges, the bear market right now is still powerful and if this news becomes worst, we should expect the worst as well.

I agree, that's why I am seeing different ads of binance across the internet, maybe they are trying to make binance more powerful exchange among all other exchange and might be those people who lost their trust since FTX could be the new traders of their exchange. Since I remember what happen to FTX I keep  in mind that we should not store high amount of money in digital exchanges and wallets.

Binance is already the most powerful exchanger or trading platform in Cryptocurrencies world. And they are trying proof themselves to people that they will not effected like others exchanger incident. I think it's good strategy to make more powerful them . But at the end I will say risk is every where in crypto industry so investment there as you can afford to lose . And for storing or holding crypto it will be best to use cold wallets.

[Ultegra134]

The collapse of an exchange is like the bankruptcy of a business, it will affect some people but not kill the market. I believe there may still be other crashes in the future, but everything will be fixed, and the market will still grow.
Many people compare FXT with binance, but personally, I find the difference quite large, FTX is too small compared to Binance.
If you look at the rankings of exchanges, you can see that Binance's trading volume is the largest, and Binance's volume is equal to 10 other exchanges combined. Shows how reputable they are in the market.

I have to disagree with you. Binance is one of the largest, if not the largest, cryptocurrency exchanges out there. The reason the market would collapse if Binance crashed is simply because it holds up to 60% of cryptocurrency derivatives and is accountable for up to $1.5 trillion in trades just in November. FTX was one of the largest exchanges as well, but it was nothing compared to Binance. FTX put a decent dent in cryptocurrencies nonetheless. If something similar happens with Binance or even Coinbase, we'll be doomed.

[DanWalker]

The collapse of an exchange is like the bankruptcy of a business, it will affect some people but not kill the market. I believe there may still be other crashes in the future, but everything will be fixed, and the market will still grow.
Many people compare FXT with binance, but personally, I find the difference quite large, FTX is too small compared to Binance.
If you look at the rankings of exchanges, you can see that Binance's trading volume is the largest, and Binance's volume is equal to 10 other exchanges combined. Shows how reputable they are in the market.

I have to disagree with you. Binance is one of the largest, if not the largest, cryptocurrency exchanges out there. The reason the market would collapse if Binance crashed is simply because it holds up to 60% of cryptocurrency derivatives and is accountable for up to $1.5 trillion in trades just in November. FTX was one of the largest exchanges as well, but it was nothing compared to Binance. FTX put a decent dent in cryptocurrencies nonetheless. If something similar happens with Binance or even Coinbase, we'll be doomed.

It's true that Binance is huge, and as I said, it's bigger than 10 other exchanges combined, but that doesn't mean it's the heart of the market. Binance has only been around since 2017, and the market has appeared before and also developed without Binance. If it falls, we will return to the beginning, we will have to start over, but not to the point of dying with it.

Binance is part of the market, not the crypto market is part of Binance. I am one of those who do not believe that Binance will collapse, but I would not believe that it is the only lifeline of the market.

[AakZaki]

I have to disagree with you. Binance is one of the largest, if not the largest, cryptocurrency exchanges out there. The reason the market would collapse if Binance crashed is simply because it holds up to 60% of cryptocurrency derivatives and is accountable for up to $1.5 trillion in trades just in November. FTX was one of the largest exchanges as well, but it was nothing compared to Binance. FTX put a decent dent in cryptocurrencies nonetheless. If something similar happens with Binance or even Coinbase, we'll be doomed.

if the FTX incident occurs on Binance, cryptocurrency will be even more destroyed and it is possible that the Bitcoin price will crash to touch the price of $ 10k or maybe below. holding up to 60% of cryptocurrency derivatives is certainly the largest centralized exchange today.
Binance seems to be the main target this time around with lots of buzz going on. this is all due to the lost trust due to the FTX incident which made investors reluctant to leave their money in centralized exchanges. But let's hope Binance doesn't suffer the same with FTX, it's just FUD made by those who want crypto to be cheaper.

[_BlackStar]

if the FTX incident occurs on Binance, cryptocurrency will be even more destroyed and it is possible that the Bitcoin price will crash to touch the price of $ 10k or maybe below. holding up to 60% of cryptocurrency derivatives is certainly the largest centralized exchange today.
Binance seems to be the main target this time around with lots of buzz going on. this is all due to the lost trust due to the FTX incident which made investors reluctant to leave their money in centralized exchanges. But let's hope Binance doesn't suffer the same with FTX, it's just FUD made by those who want crypto to be cheaper.

Of course Binance would be involved in the FTX case, but people's fears about a possible catastrophic crypto crash could still be expected to be something that doesn't happen. As the biggest exchange, I think Binance has a way of neutralizing things to be more conducive but, no one knows what will happen to them.

If Binance crashes, that FUD of course will cause a massive crypto market crash and there's no stopping the panic until bitcoin and all other crypto assets lose a lot of value. I didn't expect that, stay positive.

[Ultegra134]

It's true that Binance is huge, and as I said, it's bigger than 10 other exchanges combined, but that doesn't mean it's the heart of the market. Binance has only been around since 2017, and the market has appeared before and also developed without Binance. If it falls, we will return to the beginning, we will have to start over, but not to the point of dying with it.

Binance is part of the market, not the crypto market is part of Binance. I am one of those who do not believe that Binance will collapse, but I would not believe that it is the only lifeline of the market.

It's not the heart of the market, but it's a vital and irreplaceable part of it. While it's a relatively new exchange, just like you said, it has quickly acquired a huge customer base and holds the majority of cryptocurrencies out there. Cryptocurrencies won't disappear if it crashes, but it'll have detrimental effects on the market and destroy their reputation. Investors would shy away from cryptocurrencies, and I wouldn't blame them; such an impact would have lifelong effects.

if the FTX incident occurs on Binance, cryptocurrency will be even more destroyed and it is possible that the Bitcoin price will crash to touch the price of $ 10k or maybe below. holding up to 60% of cryptocurrency derivatives is certainly the largest centralized exchange today.
Binance seems to be the main target this time around with lots of buzz going on. this is all due to the lost trust due to the FTX incident which made investors reluctant to leave their money in centralized exchanges. But let's hope Binance doesn't suffer the same with FTX, it's just FUD made by those who want crypto to be cheaper.

Certainly even further below, more like $4.000–$5.000 Binance is currently in the spotlight; however, I doubt that anything similar with FTX will happen.

[so98nn]

The money laundering could be prime issue here. That’s lot of money moving in and out of the binance. I just hope that our worst dreams are not coming true here after the FTX incidence. The problem will start firing up if the clues start coming out of the news and it is associated with Money laundering. We still need assurances from Binance directly and may be in the written consent that all the holdings are in their possession and there is proof of reserve. I don’t know they would do it but that is the only way to stop this FUD.

[Pandu Geddon]

The money laundering could be prime issue here. That’s lot of money moving in and out of the binance. I just hope that our worst dreams are not coming true here after the FTX incidence. The problem will start firing up if the clues start coming out of the news and it is associated with Money laundering. We still need assurances from Binance directly and may be in the written consent that all the holdings are in their possession and there is proof of reserve. I don’t know they would do it but that is the only way to stop this FUD.

yes, we don't wish anything bad to happen again. the market just had something bad in a row. if this happened to Binance, it would be very bad for the market. with FUD currently hitting Binance, which alone has turned some investors off. lately, after TFX it's not so great for some centralized exchanges. it's the end of the year, everyone hopes that everything will get better soon and stay well.

[nara1892]

The money laundering could be prime issue here. That’s lot of money moving in and out of the binance. I just hope that our worst dreams are not coming true here after the FTX incidence. The problem will start firing up if the clues start coming out of the news and it is associated with Money laundering. We still need assurances from Binance directly and may be in the written consent that all the holdings are in their possession and there is proof of reserve. I don’t know they would do it but that is the only way to stop this FUD.

yes, we don't wish anything bad to happen again. the market just had something bad in a row. if this happened to Binance, it would be very bad for the market. with FUD currently hitting Binance, which alone has turned some investors off. lately, after TFX it's not so great for some centralized exchanges. it's the end of the year, everyone hopes that everything will get better soon and stay well.

Nobody wants bad things to happen, but there's no denying that the very passive spread of FUD lately has many people worried the same thing will happen to binance. With so many bad and unexpected events, this is an opportunity for the people who have always made FUD to do it even more. I agree that there has to be some convincing action from binance in order to be able to answer the allegations against them now. They had to act quickly to deal with this kind of thing before the situation got more out of control.

[o48o]

It's true that Binance is huge, and as I said, it's bigger than 10 other exchanges combined, but that doesn't mean it's the heart of the market. Binance has only been around since 2017, and the market has appeared before and also developed without Binance. If it falls, we will return to the beginning, we will have to start over, but not to the point of dying with it.
Binance is part of the market, not the crypto market is part of Binance. I am one of those who do not believe that Binance will collapse, but I would not believe that it is the only lifeline of the market.

It wouldn't "kill" the market but it would definitely cripple it, depending what happened and how much reserves would have been lost. AND it would most likely make this a biggest bear market yet. It would be worse then UST crash or any exchange crash before it.

There isn't even anything in crypto history that would compare to it, mtgox, cryptsy, mintpal/moolah were the ones causing panic in the past but this would be exponentially worse on whole another level. And as we don't have anything in the past to compare it to, we would be in uncharted waters that are just too hard to speculate.

[Bitstar_coin]

FUD will always exist, let alone Binance, even Bitcoin is still in the environment FUD was created. What happened to Binance today is inseparable from the fall of FTX some time ago. Maybe these are different events, but if you look at what happened, there is a connection. In fact, we should have been alert even before what we heard about Binance today. Things like this don't make us panic that causes us to make the wrong steps.
The demise of FTX also has many roles played by the CEO of CZ, and that will invite many who don't like binance to come and create FUD.

Exactly, BTC is not exactly free from occasional FUD from those negative media outlets let alone binance who has risen to the top from the scratch just a few years back.
Such success will always attract haters and FUDers who are not so happy to see the business grow. In few weeks this FUD would have died down anyhow, binance is not liked by many people at the moment, i believe this will not last for so long. As long as the exchange continues to maintain its standard and improve its services.

[KingsDen]

FUD will always exist, let alone Binance, even Bitcoin is still in the environment FUD was created. What happened to Binance today is inseparable from the fall of FTX some time ago. Maybe these are different events, but if you look at what happened, there is a connection. In fact, we should have been alert even before what we heard about Binance today. Things like this don't make us panic that causes us to make the wrong steps.
The demise of FTX also has many roles played by the CEO of CZ, and that will invite many who don't like binance to come and create FUD.

Exactly, BTC is not exactly free from occasional FUD from those negative media outlets let alone binance who has risen to the top from the scratch just a few years back.
Such success will always attract haters and FUDers who are not so happy to see the business grow. In few weeks this FUD would have died down anyhow, binance is not liked by many people at the moment, i believe this will not last for so long. As long as the exchange continues to maintain its standard and improve its services.

When haters create FUD, some of the ordinary users like us will keep spreading the FUD without knowing that the FUD will benefit the haters sponsoring it and the common people in the market will suffer it.
If we will understand and stop playing into their conspiracy game, that will be unique.  If we continue we will all suffer it because the market will continue to be in bear for a longer period of time.

We also know that FUDing is part of the cryptocurrency industry. Even CZ must have planned for it because it was obvious that the FUD will coke. But I know too well that it will not last for long.

[carlfebz2]

FUD will always exist, let alone Binance, even Bitcoin is still in the environment FUD was created. What happened to Binance today is inseparable from the fall of FTX some time ago. Maybe these are different events, but if you look at what happened, there is a connection. In fact, we should have been alert even before what we heard about Binance today. Things like this don't make us panic that causes us to make the wrong steps.
The demise of FTX also has many roles played by the CEO of CZ, and that will invite many who don't like binance to come and create FUD.

Exactly, BTC is not exactly free from occasional FUD from those negative media outlets let alone binance who has risen to the top from the scratch just a few years back.
Such success will always attract haters and FUDers who are not so happy to see the business grow. In few weeks this FUD would have died down anyhow, binance is not liked by many people at the moment, i believe this will not last for so long. As long as the exchange continues to maintain its standard and improve its services.

When haters create FUD, some of the ordinary users like us will keep spreading the FUD without knowing that the FUD will benefit the haters sponsoring it and the common people in the market will suffer it.
If we will understand and stop playing into their conspiracy game, that will be unique.  If we continue we will all suffer it because the market will continue to be in bear for a longer period of time.

We also know that FUDing is part of the cryptocurrency industry. Even CZ must have planned for it because it was obvious that the FUD will coke. But I know too well that it will not last for long.

Not really that something new and if you've been here on this market for some years already then you are already get used into these kind of stuffs on which you wont really be easily get freaked out on the time

that it would really be making out some movements like this.FUDS arent that new no matter on where it is involved because it would really be basing up on whats the current news
and events which these issues would be tied upon.

If you do have the experience and awareness then it is really something that you wont really be that surprised into these kind of situations or events
but rather you would really be seeing some opportunity.

[Ryker1]

^[snip]
FUDS arent that new no matter on where it is involved because it would really be basing up on whats the current news
and events which these issues would be tied upon.

If you do have the experience and awareness then it is really something that you wont really be that surprised into these kind of situations or events
but rather you would really be seeing some opportunity.

Well if you know how to verify the source of news either if it is FUD or not --then, it should be a must.
The thing that happened on Binance was clearly a FUD or false information, I saw a thread on the Bitcoin Discussion board that it was all lie that many people withdrew their funds from Binance according to their analysis.
When you are one of the leading companies and have a lot of competitors, expect there is a hater that could keep spreading FUD or is an act of revenge by the FTX since the Binance CEO was the reason why the FTX exchange was closed.
However --this is only my own theory.