Quote from: Mpamaegbu on Today at 06:21:36 PM

Quote from: Maxre on April 08, 2023, 03:56:12 PM

As Binance currently holds more than 60 billions of dollars and that's to much money. And I cannot believe if all money might gone than Bitcoin might come to 10000 dollars. Let's hope for good and what are your thoughts in this.

The picture you painted there is really one of doom if it ever came to that. No, not doom for Bitcoin per se but for the entire crypto space. I know Bitcoin is a phoenix; a cat with nine lives. It will surely rise from any dip. The problem will be with altcoins. They will dip like mad. Again, I'm looking beyond Binance as an exchange (the largest in trading volume and most trusted on the score, unarguably) to its affiliates and subsidiaries. What happens to them all? What becomes the fate of Trust Wallet, and the funds in it? In fact, I wish this hypothetical catastrophe away immediately.

For sure the entire market would be bearish if this one really happens on which it cant really be something that a small issue considering that we are talking or speaking about Binance on here which is the top exchange
or CEX that we do have at this moment.If ever that CZ would be deciding on scamming out everyone then it would be a total disaster.This is why it isnt really just right that you would be putting or giving 100%
trust on any exchange whether its Binance or into other.

Its better not to leave up your 100% assets on an exchange, no matter how trustable or known it is, we wouldnt know on what are the things that might happen ahead.
We cant be able to determine on what it would be.