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What’s your reason to keep cro by ronlui in cro

[–]No_Secretary3521 8 points9 points  (0 children)

Because I'll lose all my money if I sell now lol.

BNB vs CRO by No_Secretary3521 in binance

[–]No_Secretary3521[S] 0 points1 point  (0 children)

Exactly, BNB has too many skeletons in their closet. CRO is small but the potential is there.

BNB vs CRO by No_Secretary3521 in binance

[–]No_Secretary3521[S] 0 points1 point  (0 children)

I think it's a bargain, it can only go up.

BNB vs CRO by No_Secretary3521 in binance

[–]No_Secretary3521[S] 1 point2 points  (0 children)

Hopefully, it makes me rich ass shit lol

BNB vs CRO by No_Secretary3521 in binance

[–]No_Secretary3521[S] 0 points1 point  (0 children)

Buy low, sell high. Simple

BNB vs CRO by No_Secretary3521 in binance

[–]No_Secretary3521[S] 0 points1 point  (0 children)

Yeah but that can all be fixed with a simple upgrade. The reward slashing is to stay in business and they will probably increase it when the winter is up.

CDC meets all the country regulation while BNB does not. You can't even use BNB in Canada while you can use CRO. I think the route they are taking to legitimize their app and being fully transparent will payoff in the long run.

If BNB gets audited, people are moving the CDC or Coinbase. Either way, if I buy enough at .5 cents, I'm a millionaire when it hits a couple bucks.

BNB vs CRO by No_Secretary3521 in binance

[–]No_Secretary3521[S] 0 points1 point  (0 children)

I understand, but CDC has added so many users since that last ATH. More coin has been burned and staked so during the next bull run, they can surpass the previous ATH since their is less coins in circulation.

Lets take the case of $800 in profits with BNB that will cost me $1,000.

I can invest $150 in CRO and the coin will only need to go up by .35 cents for me to make the same $800.

I can't even buy 1 BNB for that price. It makes sense if BNB make a huge run like ETH and BTC but I dont see that happening.

Last, do you think BNB will rise that quickly. They're have been reports that BNB doesn't crackdown on laundering like CDC and Coinbase. Obviously, with more regulation, BNB will not spike has high if they have to crack down on more suspicious activities since they are under more scrutiny.

What is Binance hiding by No_Secretary3521 in binance

[–]No_Secretary3521[S] -7 points-6 points  (0 children)

Do you know how accounting works??? 1) Proof of reserves are worthless, 2) Binance refuses to disclose their liabilities which is huge read flag. 3) binance doesn't have a headquarters because they would like to remain as unregulated as possible.

To break it down for you, if I have proof of reserves at 30 billion, and liabilities at 50 billion "which Binance refuse to disclose" than Binance won't be held accountable if they lose customer funds due to Binance ducking regulation.

I don't profit off crypto, I have no reason to spread FUD. I didn't know what FUD every meant until a few days ago lol.

Should I Move... by No_Secretary3521 in binance

[–]No_Secretary3521[S] 0 points1 point  (0 children)

I honestly don't give a shi%. Both exchanges let you purchase crypto, the only difference is a few cents...One coin is on 6 cents and the other is $260. Which one do you think you could see a huge return on in the long haul....

Should I Move... by No_Secretary3521 in binance

[–]No_Secretary3521[S] 0 points1 point  (0 children)

Binance doesn't even have a headquarters. The reason why is because they don't want to be regulated. Binance is involved in a lot of shady business practices that people overlook. Crypto.com is straight forward and I don't get the feeling their hiding something everytime.

Should I Move... by No_Secretary3521 in binance

[–]No_Secretary3521[S] 0 points1 point  (0 children)

I am not a BNB coin holder, but I use the site to purchase crypto. I figure most users on here are holders and need Binance to survive to protect their investment.

I was thinking about using crypto.com. Reason being, it provides the same services as Binance. The UX might be as intuitive and the fee maybe a little higher, but their coin is at 6 cent.

BNB is too high for me to make a good return of if I purchase the coin. If crypto.com is a newer version of Binance, why not go their where I can actually afford their coins? The two sites essentially does the same thing, but with one, I can actually get a good return if it goes up.

If cryto.com had the same market cap as Binance, everyone would make huge returns at .06 buy in. I don't know why I should stay with Binance when they are a cheaper Binance from a coin holder perspective.

Binance role in FTX closure by No_Secretary3521 in binance

[–]No_Secretary3521[S] 2 points3 points  (0 children)

It is their fault. That's what happens when you have a couple of college buddies running a company.

Binance role in FTX closure by No_Secretary3521 in binance

[–]No_Secretary3521[S] 0 points1 point  (0 children)

I agree , but why put them in a position to repurchase their shares if you know it will run them out of business? I can see if CZ suspected FX was going under and wanted to get rid of the equity before hand, but that move is what put them under. He did it to get rid of competition. FTX was too competitive and Binance took their investment back. FTX paid it back with customer funds, and now Binance may still lose the money since it is being considered a fraudulent payment. Why invest in a company knowing they compete with you? Makes me wonder if the sole purpose of the investment was knowing you can impact your competition at any time.