Sirwin
Sirwin

Crypto Hodlers: Is It Time To Cash Out? Watch The Signs...

By Cryptofab | Cointune | 15 Mar 2024


So I was scrolling through Twitter today, like you do, and came across a blog post about Binance's latest charity initiative. Now, don't get me wrong, helping others is fantastic, but something about this whole thing rubbed me the wrong way.

Here's the deal: they're making a big show of donating a bunch of money. Sounds great, right? Except... isn't that kind of your money they're giving away? The money that comes from all the fees we pay when we trade on their platform?

It just feels a little... self-serving, you know? Like they're trying to polish their image with our hard-earned cash.

This whole thing reminded me of what happened with FTX and Sam Bankman-Fried (SBF) in 2022. Remember him? There is an excellent documentary on Prime Video (click here to sign up for free) about SBF currently... The crypto wunderkind who claimed he wanted to donate his entire fortune? Yeah, well, that whole "effective altruism" shtick didn't exactly age well, did it?

Spoiler alert: FTX went bust shortly after.

Look, I'm not saying Binance is definitely going the same way. But it got me thinking... maybe, just maybe, it's time to be a little cautious with our crypto holdings.

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Cryptofab
Cryptofab

Studying Bitcoin, Alts & Arts.


Cointune
Cointune

Crypto, DeFi and passive income.

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