I'm surprised the Binance news even matters. If they go down it would be a good thing for BTC, I'm positive they manipulate the shit out of the price by selling fake coins, just like FTX was doing. Good to cut these turds loose but I don't think we'll be lucky enough to have Binance vanish into the wind.
You should not be surprised. The Bitcoin users (Us) should remain anonymous. But, we are the people who give the chance to Binance for doing shit. People Compromise their Privacy to them just to use their service while they are not a real P2P Platform. They have become a giant and can control the Bitcoin market if they want.
If the 1K Bitcoin Movement can affect the market and it goes down by more than 10%, How much Market will it go down if Binance sells its Half Million Bitcoin? Not your keys, not your coins. Binance users won't be able to do shit if they become bankrupt. Binance becomes a Giant, and they can control the market if they want.
Look at the comparison of Bitcoin Volume of the last 24 Hours.
https://www.talkimg.com/images/2023/06/06/wyUpv.png99% Trading volumes on the Centralized market. We are the people who gave them this power. You cannot deny that Binance news even matters!
Well yes, but i think we need to split in two the users, between the traders and the normal users of crypto. And also the traders can have a wallet with their main funds and a few in the exchange for their movements.
They main thing its CEX its always winning in this scenario because they can give much more competitives prices than the DEX, WHO its gonna pay a 12% Slippage when in the CEX its less than 1% ?. Plus you can have acces to a multi pay system and a world of possibilities.
The only people who its gonna use the DEX its people like us who likes the privacy but the rest of the world.... you know doesnt care at all, they only see how much they are gonna win or lose, and we are not talking about the big companies who obviusly are in the CEX and makes the biggest moves.
