Post
Topic
Board Exchanges
Re: Will it affect you in any way if Binance completely shuts down ?
by
Antotena
on 15/11/2023, 20:44:52 UTC
Will it affect you in any way if Binance completely shuts down ? I know there will be lot of devastating affects on crypto market of this incidence like bitcoin price will fall very sharply. Many users will also loose funds and some will loose faith on crypto.

I want to share you something maybe it will make you understand how bad the crypto market will turn out if Binance should collapse. Kindly go to Coingecko, at the top you will see different tabs, select exchange and you will see that Binance comes first, that information is nothing but the truth about Binance. You can see that they account for almost 30% of the entire crypto market. If today, Binance collapse, it will do many damages 3 times more than what FTX has done in the past because Binance is one of the most trusted exchanges due to CZ influence.

Even now, since FTX collapsed, some people don't want to have anything to do with crypto, they hate it and see it as ponzi and that was because of the trauma they face after losing all they had in one man mistakes, I am even having some doubts about the next bull run, it might not even come as we use to expect and bitcoin halving pump  might come 2 month before the day as many people psychologically know how it used to end, pump and dump.