You are viewing a single comment's thread from:

RE: ARE YOU WORRIED about the potential collapse of BINANCE?

in Project HOPE2 years ago

Greetings @crypto.piotr ❤️😊

There's definitely no doubt that CZ Binance is very experienced and knowledgeable when it comes to Cryptocurrency and Blockchain technology. This effect can also be observed in the way he handles cases related to Cryptocurrency and Blockchain Technology.

I don't think Binance will go through the same downfall FTX went through due to the fact that Binance CEO (CZ) is a well experienced and he posseses knowledge and wisdom in preventing issues like that from occurring.

I think you need to read about the cause of FTX downfall from the beginning. It actually happened when CZ wasn't comfortable with SBF actions around October or November or so which led to CZ Withdrawing their stake or investment from FTX. This affected FTX on the long run such that CZ wanted to buy the crypto exchange itself but he later changed his mind due to some reason.

You will definitely agree with me that ever since SBF had issue with CZ, it was from that moment the exchange started collapsing after some information about SBF got leaked out to the masses.

It was really nice learning from your write up buddy but I am more optimistic about Binance not collapsing like FTX due to the mastermind (CZ) handling the project.

Thanks for sharing this great post with love from @hardaeborla and I hope you have a great day ahead ❤️😊❤️😊

Sort:  
 2 years ago 

Thank you for this amazing comment @hardaeborla

Coin Marketplace

STEEM 0.19
TRX 0.15
JST 0.029
BTC 63117.29
ETH 2601.03
USDT 1.00
SBD 2.76