Post
Topic
Board Service Discussion
Re: *warning* Huobi insolvency rumours
by
stompix
on 09/08/2023, 16:41:05 UTC
Overall, i think we should not panic and do not recommend others to withdraw there funds until they make some announcements because such panic and quick withdrawals will left that exchange no other choice but bankrupt only.

Are you for real?
Look in your url bar, this is Bitcointalk, not Banktalk!
The whole thing of not your keys, not your coins, be your own bank, do they ring a bell?
Seriously, you're advising people to keep their funds on an exchange that might be insolvent? And screw the rumors, even if they are not real, one should never do this at all!
Furthermore, why would an exchange go bankrupt if people withdraw their coins from it, the exchange should simply send the coins to their rightful owners and continue operating with the ones that don't do so, the only case where it would go bankrupt would be if they're playing with a 5-10% fractional reserve thing which is another red flag column!

Again, I'm asking seriously as one can, do you realize what you're saying or are you actually one of those gullible fools that believe in all that crap like #safu and "4" and other bs guys like CZ and SBF and Karpeles were each one by one claiming?

I can't agree more on this and i do know now that the best practise us to withdraw funds as fast as possible and i should not say that but i was also in confusion that if we all will try to withdraw funds will it not bankrupt it? So i should change the tone back in my post but i made mistake.

Usually, it's a good thing to test your brakes before you go 300km/h on the autobahn! Or even better, not going 300km/h at all!
And no, I don't get the mistake thing! You've been around here so much one thinking more of the poor bankrupt exchange after a bank run than the security of one's coins makes no sense.