Why Binance will not fall soon

Lukmat · Nov 22, 2023

1. They were preparing for that for last 5 years
2. Their yearly income is 10-7 bln, each year since they started. They were preparing by saving funds
3. 4 bln fee can be paid in instalments, it's standard in relations between corporations and goverment
4. Why they would agree for agreement if agreement would lead them to destroy company?
5. Crypto currencies even not moved, BNB price grew because ... every BNB keeper is waiting for that agreement with hope! xD
6. Binance agreed with few US goverment agencies, they can act legaly now. They are going to be regulated like Coinbase. New CEO, 50 people regulation team
7. They are not "fckin" $50 keeper, they moved $4bln to USDT with contact with Tether. Nobody is changing such money to other currency if they don't know about liquidity

INCC · Nov 22, 2023

This is the best news that could have ever happened.

I didn't think they would get off so easy, especially when all the top-tier executives were leaving on their own.. but this is a slap on the wrist.

Definitely gonna help the new bull run, $BNB and $CAKE, and all the shitcoins on the Binance chain too.

Lukmat · Nov 22, 2023

INCC said:
This is the best news that could have ever happened.

I didn't think they would get off so easy, especially when all the top-tier executives were leaving on their own.. but this is a slap on the wrist.

Definitely gonna help the new bull run, $BNB and $CAKE, and all the shitcoins on the Binance chain too.

If they would fall, they would no go to goverment "Hey! We are guilty". CZ would just go to China with money xD

Adspect · Nov 22, 2023

Lukmat said:
1. They were preparing for that for last 5 years
2. Their yearly income is 10-7 bln, each year since they started. They were preparing by saving funds
3. 4 bln fee can be paid in instalments, it's standard in relations between corporations and goverment
4. Why they would agree for agreement if agreement would lead them to destroy company?
5. Crypto currencies even not moved, BNB price grew because ... every BNB keeper is waiting for that agreement with hope! xD
6. Binance agreed with few US goverment agencies, they can act legaly now. They are going to be regulated like Coinbase. New CEO, 50 people regulation team
7. They are not "fckin" $50 keeper, they moved $4bln to USDT with contact with Tether. Nobody is changing such money to other currency if they don't know about liquidity

BNB price dropped by 9%. Check the graph.

alurosu · Nov 22, 2023

Binance is fine, they pay the tax for the big mafia boss and they live another 3-4 years.

HustleTong · Nov 22, 2023

Either way, there were involved in market manipulation like most exchanges

Adspect · Nov 25, 2023

HustleTong said:
Either way, there were involved in market manipulation like most exchanges

It doesn't matter all that much. First, it hasn't been proven yet. Second, even if they were, then you still have no power to change that. Market manipulation isn't something out of ordinary. Anyone with large capital can sway market either way just by buying or selling in bulk. Is that illegal? No, I don't think so. Market is made exactly for that purpose: buying and selling, and the opportunity is the same for everyone regardless of capital volume. So instead of speaking of "market manipulation" as some sort of offense one better accepts it as a given; it is just a side effect of large deals, and nothing can be done about it in the long run, it's just large players executing their right to make deals.

alonelywriter · Nov 25, 2023

They are already stabilized, since they have established themselves as something big, trusty that works in many countries. Unlike Sam Bankman-Fried who was just there to scam.

Why Binance will not fall soon

Lukmat

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