/biz/ - Business & Finance

>>7463935
i dont use binance so i dont care, but for people saying: wouldnt it be more profitable to run the exchange than exit scam? id answer, if you can get your hands on thousands of btc, etc, ltc, xmr and all the other shitcoins there, and just hold them until btc hits 100k you would probably make way more money than just running the exchange

>>7463935
Founder was just on fortune as one of three rich people in crypto. I ain’t worried

I'm not on Binance, but I tethered the fuck up just in case.

>>7464143
they can always exit scam later though, and as of now they're still on the rise, so there's no reason to exit scam

>>7464225
>there's no reason to exit scam
yes good goy

its fine at least prices will be low for a whiiiillee. you can get a whole new portoflio for fraction of the price. glass is half full

>>7463935
>Guys, Binance reminds be exactly of Mt Gox
Cool, just bought 100k

OP clearly doesn't know anything about Gox.
I am worried however about retard like OP panic dumping when we should be mooning.

>>7464143
Would you rather:
Have a profitable exchange with maybe $5k profit each month as a salary.

OR:
Just scam everyone for billions overnight without any consequences?

>>7463935
I can connect to my account but can't go to the market. That's all you fucking paranoid.

>>7464536
>maybe $5k profit each month as a salary
Are you serious you retard?

>>7464536

1. Binance makes way more than that daily in exchange and withdrawal fees.

2. That would be the exact definition of killing your golden goose.

>>7464558
even if it were 100k a day thay could get more exit scamming...there are billions in there that could be worth trillions in the future, its just math

>>7464536
>maybe $5k profit each month

>>7464616
Binance makes $20 million per day on trading fees.

>>7464558
>>7464616
Do you guys even know how much it costs do run a website like theirs?

Maybe they were trading on their own account and got caught with their pants down.

>>7464536
>Without consequences

>>7464691
Incredible that you're this dense. Binance's volume was 3 BILLION in the last 24 hours, with 0.1% fees. That's 3 million of income in the past DAY. Do you think they spent NEARLY that in hosting you fucking mong?

>>7464551
You can't access your money; sure, you can look at all your pretty wallets but you can't trade nor take the money off the exchange, so what say do you have? They could easily pull a BEEECONNNEEE a give us their shit binance bucks in exchange for all our coins & cancel the exchange.

In any case, where do we go now? Bittrex is obv out, Bitfinex has many restrictions & the connection with USDT makes me afraid of that, do we just put our money in seperate wallets and hold?

>>7464616
>be worth trillions
you fucking retard, if binance exit scammed they would crash the entire market to near 0. they'd be left holding worthless bags.

This exit scam theory is for retards and low IQ dumbasses. The real question is: are binance covering up a hack?

>>7464672
And how much do they pay out in broadband, salaries, etc?

>>7464770
>being this retarded

>>7464536
>would rather run one of the top exchanges in the world and be possible written in history books how u pave the way making 1billion in profits every 5 months

Or

>steal coins that will dump hard for years from extremely powerful and rich people some of which were assasins or lunatics from early adoption along with adderall fuel schizo traders


Really made me think u degenerate

>>7465295

Would you rather...

> WORK FOR a company that makes billions, even though you remain a low-paid burger while the bosses get rich.

or

> be the inside guy for the rip-off, making millions for yourself even though it wreaks the company.

>>7465295
BINANCE DOESN'T FUCKING MAKE A BILLION IN PROFITS EVERY 5 MONTHS

>>7464536

>without any consequences

He'd be flayed alive with his family for that - you know how cheap a hit is...?

>>7464536
>maybe $5k profit
>billions overnight
>without any consequences

Why make millions when you can make...billions?

Is it true that Binance took up to 300 BTC to list a new coin?

>>7465412
lol, the biggest threat mt gox got was a guy standing outside their office asking where their money went.
>pic related

>>7463935
Ooo prease trust us, i ruve amereca

If I was Binance I'd be damn sure to exit scam before Bitfinex does.

You people act like this daily income they make is guaranteed forever. It's not, and they know it's not.

>>7463935
So glad I pulled everything from these shitty Asian exchanges

>>7463935

So what would happen if they exit scammed? the only reason any of crypto has value is because it is traded on exchanges. If they were to pull an exit scam:

1. Price would drop to almost zero, essentially they would be holding bags
2. Even if somehow the coins were to still have some value, where and how would they cash out such an amount?

>inb4 lol cashing out lol fiat

>>7465811
You can buy stuff for crypto, it may not be groceries or paying your rent, but you can turn it into fiat pretty easy.
You can buy pretty much any house in Dubai for bitcoin as an example.

>>7464536
>maybe $5k profit each month

>>7465854

>>7465692
>exit scam before Bitfinex does

lol!

>>7465903
nice bait faggot

>>7465854

They are literally one of the fastest growing startups in history. Why would they risk it all for what? For a shit ton of BTC bags with low value?

What happens when one of the biggest exchanges in the world pulls an exit scam? Will you still be able to buy stuff for BTC?

>>7465986
>What happens when one of the biggest exchanges in the world pulls an exit scam?
What happens is what happened when one of the biggest exchanges in the world did pull an exit scam.

>>7465854
AND YOU THINK THE FUCKING CEO OF BINANCE CANNOT JUST BUY HIS HOUSE IN DUBAI WITH HIS LEGIT COMPANYS PROFIT?

>>7466018
Why settle with a $10m estate when you can have 100x that amount? Trust me, Binance is exiting.

>>7466132

I trust you man, just sold all my crypto

Just bought a THETIS FIDO U2F key, should I move all my coins to that instead?

There is gonna be a massive run to get coins off when it re-opens. I wonder if they'll have liquidity problems.

Join us and watch your money grow. We have all the tools you need-!

https://discord dot gg/pbN4G73

>>7465458
You do know they literally execute people in China for corruption don't you?

>>7465641
that i wondered the most afterwards
all these people got cucked by the faggy fat french on no one even smashed his face?
cryptocucks all the way

>>7465854
yeah anon, they will launder all these billions through amazon giftcards
ur an amazing retard, for example

>>7466406
not if they have friends in the government

>>7464536
>being so poor that 5k/month is fantasy

>>7463935
sorry guise its my fault,
never used binance before,
made an account 2 days ago and send some money
should have known by now (lost on all exchange scams except mountgox)

It's not an exit scam
Chinese authorities nationalized and seized Binance

>>7465598
what nice girls, I'm sure their parents are all really proud of these respectable young ladies :)

>>7464536
more like 5 mio a day

>>7466465
>tfw 5k/month is the basic salary of lazy shitty area weed dealers
>try 5.7k / minute - that's how much CZ personally earned over 6 months