[POLL] Will BNB crash? Will Binance go bankrupt?

[OgNasty]

CZ’s interview today seemed as though it was an admission of guilt that Binance does not have customer funds available to meet the needs of their customers. Just another FTX situation, but Binance had more liquidity to try and stay afloat. Tokens are now coming out and saying that Binance made them put up 200K BNB tokens they couldn’t withdraw in order to obtain a listing. Suddenly the cat is out of the bag. Binance is naked and BNB is worthless as a stand-alone token. This may just be my opinion, what do you think?

I’ll be surprised if Binance isn’t below $100 in 90 days…

My takeaway from this… The more BTC people withdraw from exchanges, the higher the price of BTC will go.

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[Eternalman]

No, I don't think it will go bankrupt, the BNB liquidity and the liquidity of Binance are two different things are not quite as related. So, the platform will remain strong as per my openion.

[Baofeng]

I don't think it will go bankrupt as well, CZ should be more intelligent than this. He already has first hand experience on the collapse of Terra Luna and then FTX, he should have better knowledge on how not let his Binance or BNB fall apart.

I'd say that this is more of a FUD, not defending CZ here, but the worst part is that there are traders and investors who says that the price could go as low as $12k. I don't think that will be the case here and CZ will survived this FUD.

[janggernaut]

Binance is too big to go bankrupt. I trust CZ and binance, they proven the biggest and safest exchange since 2017, nothing to doubt with it.

But i really hoping BNB coin can going down as low as it can, even under $100 or $10 so i can buy it with all of my money.

I’ll be surprised if Binance isn’t below $100 in 90 days… .

Hopefully below than that, so i can buy more as much as i can.

[Minecache]

I also believe that binance will not go bankrupt easily, not because they are too big to fail but because what they have done and proven in the market over the years is enough to show that they really have a reputation in the market. 

In my opinion, recent Fuds are just revenge of those who failed, and they are looking to sabotage binance and nothing more.

About BNB falling, I would take that as an opportunity rather than a sign of the demise of the CZ empire. BNB is one of the coins with a relatively modest drop compared to other altcoins on the market, so I am still expecting it to fall even more with the negative news about binance this time.

[Beparanf]

No, I don't think it will go bankrupt, the BNB liquidity and the liquidity of Binance are two different things are not quite as related. So, the platform will remain strong as per my openion.

Binance assets is consolidated on there own tokens same with FTX. BNB fall means they will less liquidity that will sustain in there exchange. Binance has a lot of investors and project listing contract in BNB tokens. They can go bankrupt if people will dump BNB and withdraw all asset on Binance at the same time since they will have no liquidity available to sustain the exchange orderbooks.

This is same with FTX issue if you are not aware or blind on CZ charisma. The only difference was the attack might came from the US government as retaliation to what he did on FTX. Also banks might get involved too since they are the number 1 company that will get benefits when Binance fall.

[jaberwock]

Binance is too big to go bankrupt. I trust CZ and binance, they proven the biggest and safest exchange since 2017, nothing to doubt with it.

But i really hoping BNB coin can going down as low as it can, even under $100 or $10 so i can buy it with all of my money.

What about Mt. Gox, FTX, and Luna (only to name a few) though Luna isn't really an exchange but it was a coin, still all three are large enough and yet they are able to go zero. I think the bigger the thing was, the harder it will fall but of course that is if they did something wrong. It is still possible to correct a mistake as long as it wasn't intentional.

You are too brave because instead of worrying and panicking once BNB coin dips hard, you will actually buy loads of it. Did the same thing happened when luna collapsed? If yes then I think you have some regrets because it didn't recovered anymore. Before buying, it's better to check the news if the drop is still normal or not.

[janggernaut]

What about Mt. Gox, FTX, and Luna (only to name a few) though Luna isn't really an exchange but it was a coin, still all three are large enough and yet they are able to go zero. I think the bigger the thing was, the harder it will fall but of course that is if they did something wrong. It is still possible to correct a mistake as long as it wasn't intentional.

Please learn about those case first before compare it with binance. Mt.gox which they "claimed" got hacked, FTX, which using their customer's money, and Luna, which crashed because of they deppeged with UST and as the result for recovery they choose to minted LUNA coin with total crazy speed and amount and resulted the price dropped so much.

You are too brave because instead of worrying and panicking once BNB coin dips hard, you will actually buy loads of it. Did the same thing happened when luna collapsed? If yes then I think you have some regrets because it didn't recovered anymore. Before buying, it's better to check the news if the drop is still normal or not.

Lol it's not brave. I've BNB investment since 2017, and they are the biggest crypto exchange site now. I never invested on LUNA before so idk about that coin, (doesn't affected with my investment). This all only FUD, let see when BNB reached $1000 later

[Reatim]

No, I don't think it will go bankrupt, the BNB liquidity and the liquidity of Binance are two different things are not quite as related. So, the platform will remain strong as per my openion.

Yes and of course another FUD it seems? Binance has a good reputation for how many years now and it goes even higher in the past years , though there are rough time recently but we can see the recovery and it stabled now .
so Nope Zero for binance? bankruptcy ? this is impossible to happen.

[ethereumhunter]

Whether Binance will go bankrupt or will still running their business, we will know it later. Until that time, we can use the exchange for our benefit and leave it when we see Binance can not maintain its reputation and many investors and traders leave Binance.

But so far, I still use Binance for trading, staking, and investment and that still works for me. I will keep an eye for the next update from Binance and see what will happen later. And we need to be wise to act following the current situation.

[Crypt0Gore]

Kevin Oleary is after binance CEO, he wants a payback for what the binance did to FTX I believe the FUD won't be over any time sooner but the exchange will win unless if CZ is corrupted too.

See I don't want to rely on any human when it comes to money, they are the least of beings you can trust, I am not saying CZ is not clean but who knows? Judy make sure you don't keep money on any exchange big or small.

[rhomelmabini]

It's all a FUD, not when Binance already got this big that they'll get scrutinize over, I'd say they have been but not this huge right now. The price of BNB will matter here and it may fall but to say it will go bankrupt is likely a farfetched speculation. The best advice is to put your crypto on your own wallet by now, that's the trend and it's your friend.

[o48o]

-cut-
My takeaway from this… The more BTC people withdraw from exchanges, the higher the price of BTC will go.

What are you basing this on? If people withdraw their btc it would just remove liquidity, and if they managed to crash exchanges by withdrawing their assets, btc would obviously go down with the trust on the markets. And yes, while one bitcoin = one bitcoin meme would apply but that doesn't help if we don't want to get back to bitcoin stone ages.

And with a place like binance going down we would lose ton of institutional investors with it. And let's face it, we need institutions if we want to be taken seriously. If not, it's back to 2010 for us.

[Bitstar_coin]

I listened to that AMA and CZ seems to be sure of what the future of binance will be, it is far from going bankrupt as you have described.
Binance is too solid and established to fail just because some people want it to. All this FUD keeps confirming the reason why btc or crypto will never take over fiat, and also give reasons for the government to push hard on regulation, ftx genuinely fucked with investors' money, they should take responsibility and stop fuding everywhere.

[irsykes]

throughout CZ's journey in the crypto world he has brought crypto forward, I am very grateful to him. although now there is a riot news that is not good, but I'm sure CZ definitely has a way out. the founder of binance has influenced the crypto world important people to deliver what is in the crypto world, and on the other hand maybe everyone already knows one of the biggest crypto altcoin influencers is CZ, and many people don't like it. as is happening FUD continues to attack binance. behind the bad FTX makes CZ take over to undermine his bad intentions. very hard to bankrupt binance exchange

[piebeyb]

CZ’s interview today seemed as though it was an admission of guilt that Binance does not have customer funds available to meet the needs of their customers. Just another FTX situation, but Binance had more liquidity to try and stay afloat. Tokens are now coming out and saying that Binance made them put up 200K BNB tokens they couldn’t withdraw in order to obtain a listing. Suddenly the cat is out of the bag. Binance is naked and BNB is worthless as a stand-alone token. This may just be my opinion, what do you think?

I’ll be surprised if Binance isn’t below $100 in 90 days…

My takeaway from this… The more BTC people withdraw from exchanges, the higher the price of BTC will go.

lots of fud about binance and i'm sure that won't happen, but still keep in mind that holding bitcoins or altcoins should be kept in a personal wallet don't store them on exchanges because it can be problematic like FTX , so best to withdraw all your bitcoins or atlcoins from exchanges and deposit them in wallet well ok it will be better , Btw I am a BNB holder so I don't worry about anything on binance , Funds are #safu 

[jossiel]

My takeaway from this… The more BTC people withdraw from exchanges, the higher the price of BTC will go.

That is for sure.

Lesser btc in the circulation but increasing the demand. That's the way to go but if there is ever a greater thing on this one, it is that people are learning from the situation that the market has went.

Withdrawing money from exchanges in groups are really hitting them hard and this is the reason that these businesses even if they're reputable shouldn't be confident and only relying to their customers.

They should really have that back up fund and reserve just like a typical finance business.

[n0ne]

We're gonna experience a massive market crash and what we have come across is the beginning for the same. We can see a big list of negative FUD happening around the market. This will make some panic waves around the common investors and some could leave the market. The same will be taken advantage by the Whales who are hard believers of the market than anyone else.

[Ojima-ojo]

Kevin Oleary is after binance CEO, he wants a payback for what the binance did to FTX I believe the FUD won't be over any time sooner but the exchange will win unless if CZ is corrupted too.

See I don't want to rely on any human when it comes to money, they are the least of beings you can trust, I am not saying CZ is not clean but who knows? Judy makes sure you don't keep money on any exchange big or small.

All centralized platforms are the same as you have rightly said, even though Binance has claimed to be the biggest cryptocurrency exchange globally when it comes to the issue of liquidation no exchange is bigger than that to be able to survive when there is a massive request for liquidation from investors, BNB seems to have a very solid foundation that could sustain its value on the exchange since BNB is the native coin and the utility coin for paying fees on the binance network.

All those attributes can not stop binance from going bankruptcy if their witnessed massive attacks from the government or an institution as a clamp down and retaliation attack on Binance.

[Pierre 2]

I think Binance won't be going bankrupt. But BNB economics may damage their exchange in future. CZ encouraged BNB use for years but in background we know BNB is pretty much centralized ecosystem and it's never gonna be future of crypto. If BNB existed as standalone entity everyone knows that it wouldn't be 3rd important coin ever. So it will lose strength, it will damage Binance's finances in future I am sure. But FUD is unnecessary. Binance is great exchange.