Azad23

the silver lining to all of this is that Binance will be fine i do not believe there is a systemic risk here Binance reportedly makes $16-$17 billion in annual revenue almost half of the total amount involved in the incident has already been frozen or is potentially recoverable total amount that may ultimately be unrecoverable = ~$3.2 billion so about 2 - 2.5 months of revenue based on those estimates? very manageable for a company of Binance's scale, especially considering its strong history of prioritizing users during periods of stress like this @cz_binance and @heyibinance have also publicly stated that all user funds are safe and will be fully covered in my opinion: - odds of systemic risk? incredibly low! - odds of a bank run? incredibly low! - odds of panic selling and overblown media headlines? yes this is simply THE event that puts in the final local lows before things get really exciting again Binance and the industry will be fine don't make any trading decisions out of panic chill, touch some grass, make sure your opsec is good in the meantime — crypto is not going away!

Quite honestly. There's a $5.5 billion hack 1.5 hours ago on the largest exchange in #Crypto. There's more than $2.7 billion being frozen already. #Bitcoin's price is down a mere 2%. I've not seen such a strong resilience in history of Bitcoin ever.

Hear me out… Nov 2011: Mt. Gox Hack → ~12 months later Bitcoin was up ~500% Jan 2015: Post-Mt. Gox Collapse → ~12 months later Bitcoin was up ~160% Dec 2018: Crypto Winter Bottom → ~12 months later Bitcoin was up ~125% Mar 2020: COVID Crash → ~12 months later Bitcoin was up ~1,100% Nov 2022: FTX Collapse → ~12 months later Bitcoin was up ~130% October 2026: Binance Hack → What % do you think $BTC will be up in 12 months? Let me know below 👇 I’ll start: 80%.

Binance are the type of company who would hack themselves just to liquidate you and buy your position.

Binance crypto hacked. AI bubble popped. Gold being created in a lab. Everybody loses. Thanks for playing.

Tether froze more than 1.567B USDT related to a potential Binance exchange hack. Protecting the industry and our partners is our main priority. Stay safe everyone.

Introducing 'stripe pay', for instant business-to-business transfers. Find companies using their Stripe profile handle and send funds for free. Available in the Dashboard and CLI.

JUST IN: Dutch government announces plans to eliminate 25,000 civil service jobs as it expands AI to replace administrative work.

OVERTRADING October 10, 2025 i had what would become the single biggest one-day loss of my career i lost eight figures in minutes due to systemic failures on the biggest CEXs, and to this day, no one has taken accountability for what happened my losses made headlines and became one of the biggest stories to come out of that day but what many people don't know is what happened in the weeks and months that followed i lost several million more and i did it by making one of the biggest mistakes traders like me tend to make: OVERTRADING in hindsight, i would have been far better off shutting everything down for the next few months or even quarters i probably would have become a much better trader if i had simply stayed away from the computer for at least six months but a part of me was desperate for action a part of me wanted to make it all back a part of me wanted to prove that i still had what it takes and that i would get back on my feet i wanted to 'work' and sitting back, doing nothing, and staying away from the computer for a prolonged period didn't feel like work except that, for a trader, being AFK can sometimes be the most important work you do one of the biggest mistakes i made — and that many traders make — is assuming that skill, experience, and process are enough to consistently outperform the market they aren't believe it or not, successful trading is often a combination of skill, favorable market conditions, timing, and luck as a Christian, i attribute the 'luck' component to GOD's blessings and favor rather than sheer luck but the underlying principle remains the same: our biggest wins often come from combining a solid process with being in the right place at the right time sometimes, that means catching a single exceptional trade other times, it means being positioned during a streak of opportunities that emerge in quick succession because market conditions are overwhelmingly in your favor for example, you could have been a memecoin god simply by being active in the market during the explosive memecoin era of 2021, which produced $DOGE, $SHIB, $FLOKI, and several other billion-dollar runners many traders made life-changing money during that period but the same sophisticated processes that helped some of us make 7, 8, or even 9 figures during the bull market would have failed miserably in the bear market that followed in 2022 the same principle applies to the 2024–early 2025 era, which produced several multibillion-dollar runners like $WIF, $POPCAT, and $FARTCOIN and then the prolonged dearth of opportunities after $TRUMP leading to 10/10 and the almost one-year period following the point is simple: the edge that makes you money in one market environment won't necessarily make you money in another and one of the most important skills you can develop as a trader is recognizing when your edge is no longer there sometimes, the best trade is no trade at all sometimes, the smartest thing you can do is take a bow, step away, and wait for the next opportunity even if only temporarily it's almost impossible to consistently beat the market over a sufficiently long timeframe but as crypto traders, we have one significant advantage: we don't need to outperform the market every single day, week, or month to generate exceptional returns historically, crypto's bull phases have tended to occupy a disproportionate share of the cycle, with bear phases accounting for a smaller portion using one historical framework, the bull phase averages approximately 1,060 days, or 74% of the cycle, while the bear phase averages around 380 days, or 26% but if your definition of a bull run is narrower — i.e. a period of explosive momentum when $BTC trades above its 200-day moving average and much of the cycle's biggest price action occurs — then the window becomes significantly shorter under that framework, we're talking about approximately 237 days, or around 16% of the cycle these figures are estimates based on particular definitions of market phases, not universal constants but the broader lesson remains: you don't need to trade every market. you need to recognize the windows when your edge is strongest and capitalize on them for the rest of the time, there's nothing wrong with stepping away entirely or trading only with a tiny fraction of your portfolio that you can comfortably afford to lose preserving your capital, your mental clarity, and your ability to recognize the next major opportunity is far more important than forcing trades in unfavorable conditions because the goal isn't to be active all the time the goal is to be positioned when it matters most and to have the discipline to do nothing when it doesn't to conclude, i only wish i had followed this advice myself hopefully, i'll do a better job of applying it going forward, GOD WILLING