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Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps (28943 Views)

US Seeks 3 Years Prison Term For Binance Founder, Changpeng Zhao / Changpeng Zhao: Binance CEO Tops 2024 Crypto Billionaires List / Changpeng Zhao, Binance CEO Says Operations Of Nigerian Subsidiary Is Fraudulent (2) (3) (4)

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Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by lsoul: 3:42pm On Oct 27, 2023
grin what of PATRICIA na that one concern nigerians pass, kindly discuss about it nairaland mod undecided
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by Chibuzoripob: 3:42pm On Oct 27, 2023
cool CRY TO CURRENCY

1 Like

Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by Caleb15(m): 3:43pm On Oct 27, 2023
Praying for the best but expecting the worse
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by udemzyudex(m): 3:44pm On Oct 27, 2023
abhosts:
There is a higher likelihood that you would lose money with crypto than make money.

Stay away from crypto.

What of forex?
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by Geovanni412(m): 3:44pm On Oct 27, 2023
Raskimonojendor:
Crypto is just gambling.

And gambling is just like the stock market in Nigeria

And trusting in naira is worse than trading in crypto

How else do you explain that naira to dollar value is more volatile than btc to usd? grin
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by osazsky(m): 3:46pm On Oct 27, 2023
udemzyudex:


What of forex?
worst
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by millionboi2: 3:46pm On Oct 27, 2023
osazsky:
Na so my 400k take lost 6 months ago..anybody that mention crypto to me again ,me and dat person go get problem
your money could be hanging their you didn't know, what and what did you do,did you trade future?

1 Like

Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by damiloladuke: 3:49pm On Oct 27, 2023
abhosts:
There is a higher likelihood that you would lose money with crypto than make money.

Stay away from crypto.

You're right. But people like us have made millions from Crypto and there are many others doing same.

My only advise is to never invest with what you can't afford to lose. People lose money in other ventures too.

Fortune only favour's the brave.
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by todugo(m): 3:50pm On Oct 27, 2023
abhosts:
There is a higher likelihood that you would lose money with crypto than make money.

Stay away from crypto.
Crypto be like game of chess.Na who no know wetin to use money do dey play am.

It takes 5 year, If you put better money before you go see the benefits. Crypto is not for middle class

1 Like

Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by Realist777: 3:51pm On Oct 27, 2023
DropsMic:


Dey whyne yourself
He ain't lying bro
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by Bizibi(m): 3:53pm On Oct 27, 2023
netpro:
If those are speculating and stockpile dollars in naira don't sell quick and release dollars back to the system in time, when Naira appreciates, they too will be counting losses.

Soon you will start hearing, Buy the Deep.
i still don't get why people keep dollars without trading it for profit and sell.
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by todugo(m): 3:54pm On Oct 27, 2023
AllDModsAreMaad:
The probability of making money with this crypto is lesser than you losing money with crypto.
Na forex Nigerians dey now. That's why speculators wan cashout by hoarding the dollars. As it stands they want Naira hit 2000 to 1 dollar.Na Bankers they haord the dollars pass.
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by Jcomtrader: 4:03pm On Oct 27, 2023
abhosts:
There is a higher likelihood that you would lose money with crypto than make money.

Stay away from crypto.

Google lost 170B usd also. Should we stay away from google?
Or you think you sound smart

1 Like

Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by FireUpNow(m): 4:04pm On Oct 27, 2023
Crypto currency space is too volatile. Be careful when investing crypto.
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by hardon1(m): 4:04pm On Oct 27, 2023
netpro:
If those are speculating and stockpile dollars in naira don't sell quick and release dollars back to the system in time, when Naira appreciates, they too will be counting losses.

Soon you will start hearing, Buy the Deep.

Mtchewww which naira will appreciate, Nigerian own or another country?

Some of you don't know the kind of country you live in
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by zionema(m): 4:06pm On Oct 27, 2023
netpro:
If those are speculating and stockpile dollars in naira don't sell quick and release dollars back to the system in time, when Naira appreciates, they too will be counting losses.

Soon you will start hearing, Buy the Deep.
Omo, that is what happened last night and this morning ohh

2 Likes

Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by osazsky(m): 4:09pm On Oct 27, 2023
millionboi2:
your money could be hanging their you didn't know, what and what did you do,did you trade future?
abeg e the mkt is too volatile
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by Goldbw122(m): 4:12pm On Oct 27, 2023
Many have lose their investment today..
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by BeigJawnson(m): 4:17pm On Oct 27, 2023
osazsky:
Na so my 400k take lost 6 months ago..anybody that mention crypto to me again ,me and dat person go get problem


Eiyaaaaah sorry my brother... Next time don't put all your eggs in one basket... Meaning you don't have to put all your money to start an investment
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by Kachidubem: 4:18pm On Oct 27, 2023
abhosts:
There is a higher likelihood that you would lose money with crypto than make money.

Stay away from crypto.
And also stay away from forex

1 Like

Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by Omoawoke2(m): 4:18pm On Oct 27, 2023
I think I get small change for binance...make I quickly go comot am
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by BeigJawnson(m): 4:19pm On Oct 27, 2023
Hotice085:



See mugu, how much do you think Adenuga Dangote and others billionaire have lost since naira started plummeting?

All you Fiat olodos wey no sabi anything about crypto go just de ran una mouth like anything

Crypto is your money come 10years from now


Dangote and Adenuga can run into loses, that is what it is. But this guy said he lost 400k to crypto ... osazsky
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by netpro(m): 4:20pm On Oct 27, 2023
hardon1:


Mtchewww which naira will appreciate, Nigerian own or another country?

Some of you don't know the kind of country you live in

It will. Even the government are still going to take measures also. I have no pity for the greedy ones that will linger for long.
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by spiSeyi: 4:20pm On Oct 27, 2023
abhosts:
There is a higher likelihood that you would lose money with crypto than make money.

Stay away from crypto.
There is a likelihood of losing money in any business, loss is part of the game.
Dangote, Donald Trump, and Elon Musk have lost billions of dollars this year. Loss is part of every business
Crypto is cool man 😎
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by Kachidubem: 4:22pm On Oct 27, 2023
Starboytwo:
Crypto made me so much money I dont even understand what yall talking about
That was then.
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by owolabi5: 4:24pm On Oct 27, 2023
grin
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by Kachidubem: 4:27pm On Oct 27, 2023
todugo:

Na forex Nigerians dey now. That's why speculators wan cashout by hoarding the dollars. As it stands they want Naira hit 2000 to 1 dollar.Na Bankers they haord the dollars pass.
Shut up your mouth abeg...you and who dey do forex ?

Who wants naira to hit 2000 per dollar ?

Just be spilling trash from your smelling mouth.

E say na , Nigerians want $1 to hit 2000, say Nigerians dey do forex now

rubbish talk
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by Kachidubem: 4:30pm On Oct 27, 2023
I've said this thing before .... nobody is making money from crypto and forex again....

Forget all these scammers you see online displaying fake wealth claiming it forex...

They are just using people's money to flex.


The only way you can make money online , you have to have something you are selling or a service you are rendering... Google makes money from adverts etc
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by Hotice085: 4:35pm On Oct 27, 2023
BeigJawnson:



Dangote and Adenuga can run into loses, that is what it is. But this guy said he lost 400k to crypto ... osazsky


Your Mumurism no get part two, lost due to what?
How much was reported Adenuga and most Billionaires lost due to inflation?
If you don't understand crypto shut d 4k up
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by Nyanabo(m): 4:38pm On Oct 27, 2023
whippersnapper:
make Dangote lose 12 billion in a year I want to check something

We simulated this in our supercomputer, and the result is that he would still be richer than your generation.

2 Likes

Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by BeigJawnson(m): 4:41pm On Oct 27, 2023
Hotice085:


Your Mumurism no get part two, lost due to what?
How much was reported Adenuga and most Billionaires lost due to inflation?
If you don't understand crypto shut d 4k up

Do you see how childish you are? So just little argument, you don allow you emotions over shadow your senses. Wetin i talk wey warrant insullts?
Peace with you my dear bitcoin investor, keep investing in bitcoins and insults
Re: Binance CEO, Changpeng Zhao, Loses $12 Billion As Crypto Market Slumps by hardon1(m): 4:43pm On Oct 27, 2023
netpro:


It will. Even the government are still going to take measures also. I have no pity for the greedy ones that will linger for long.

You are yet to come to terms with the reality of the country you live in.

Untill we have leaders(from federal to local) who are completely selfless. Forget this nation, just live through it till you pass on

1 Like

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