Post
Topic
Board Exchanges
Re: CZ officially bids goodbye to Binance. Will Binance Crash or still stand Strong?
by
CryptopreneurBrainboss
on 23/11/2023, 12:00:50 UTC
And yes I may be a Newbie on the forum and I admit that I have a lot to learn from OGs like you, but regardless that fact, i believe that no man is a monopoly of knowledge,

You must have misunderstood me as I never intended to look down on your knowledge, my response came as a response of you saying talking down Binance exchange is almost impossible. Most newbies think that way and that's what I meant. We have seen big and small exchange go down and that'll will always be the norm in th industry until we get rid of reduced the power of centralized exchanges. At the peak of FTX exchange if they had asked if the exchange can collapse and seize to exist many newbies would have said no because they had almost the same structural and financial strength as Binance exchange.

The newbies back then would had said FTX will be able to withstand any challenges that comes their way but the story today is different. All I'm saying is, don't put your bet on any centralized exchange as they don't have your best interest at heart. They're only here for profits and Binance is going too far by monopolized the industry and also taking the industry backwards instead of pushing it forward. This is a decentralized industry and it should be respected if you have the industry at heart and trying to do the best for the industry as they say.

Just because others didn't to it doesn't make them foolish, Cz is a greedy bastard and not different from the feds (they both are hungry for control). This is the start of his downfalls as I have always predicted. As for the bet, sorry I won't be placing a bet on something I know is inevitable. Binance will crash like other centralized exchange has, it mightn't be today, tomorrow or next but it'll happen and that's why even though you're using it for trading, don't make this mistake of using if as a place to store your cryptocurrency. Your funds might be safe today but tomorrow the case might be different. No CEX is to big to crash. It mightn't even be this case that takes Binance exchange down but something is coming maybe a hack or other crimes they'll be caught for.