Kucoin and all the unfounded fear.

Jul 4, 2022. No. 281

Kucoin has been a trending topic on Twitter for days. The reason: The fear that some users want to expand on the networks.

As we all know for a few months now the crypto market is in constant decline and has increased. Many investors never thought that BTC could drop even below $25k, but it went as low as $18k and still maybe not the bottom. As a result of all this, the mass withdrawal of cryptos from some exchanges has caused some of them to stop extractions and freeze funds. This is news no one wants to hear. Coinflex and Celsius are some of those cited and some of these decisions have left much to be desired. The fall of Terra LUNA has left everyone in shock. Confidence has been lost and it is not for less. Many investors, whether large or small, lost their money.

Now some users want to spread fear towards Kucoin, to harm the Exchange and generate panic. Let's imagine a mass withdrawal of all cryptos from Kucoin, it's quite hard to imagine what will happen next. But so far Kucoin continues to function properly and is one of the few exchanges that has not been affected by the red market, on the contrary, they have remained very active throughout this time.

The Exchange itself has already denied the false news and has come out to calm the situation explaining that everyone's cryptos are safe and they have no intention of freezing withdrawals. Kucoin continues to work well and is more active than ever.

Whenever you read a news story on the internet or even a tweet from someone, analyze how real it can be and look for more information. Never stay with the first impression, there is always a background or a deeper idea and a reason for that news. Many people just want to hurt, unfortunately, today's world is that complex.

I am not saying that tomorrow Kucoin will not cease to exist, everyone is free to make the decisions they deem convenient. I even have my BCH there, so I can make quick decisions in case the market gets crazier than it currently is.