90% chances if a coin is listed in Binance it has a good potential - page 4.

armanhusni

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Quote from: Viscore on April 30, 2021, 04:39:42 PM

Based on what I noticed this bull run, the majority of the coins that have a good pump this season are those that are listed in Binance, so I come to the conclusion that we should only invest in coins that are listed in this exchange for us to have a chance to maximize our profit.

What's your take on this, am I right or wrong?

Share your opinion.

Because of the reputation binance has create over the years it is said to be the best exchange globally and for that reason people see enlistings in binance as the best thing that can ever happen to a project. The word binance is associated with success

Sithara007

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Cryptocurrency users have a tendency of going by the ongoing trends and FOMO. Remember what happened in 2014. Everyone were ignoring exchanges other than MtGox, simply because Gox was the largest exchange. And then what happened? The exchange closed down and the users are yet to receive any reimbursement for their losses. And what happened in 2017-18? A lot of people rushed to invest in the ICOs. The ICO market collapsed, and once again the investors lost their money. Now everyone is going after DeFi and Doge. I am sure that the same will happen this time as well. In case of Binance, I don't want to say too much... just remember what happened to Mt Gox.

Reosta_

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You are right about thinking in that way actually. Being listed in big exchanges in the market is an enormous advantage for a coin. Mostly, we see that the prices of those coins surge right after being listed. Because it's not very easy for a coin to be listed in a big exchange like Binance.

angrynerd88

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Surely not to say but it is also true coins listed on Binance are mostly real projects,But every coin have potential its another story.So before investing prior research is necessary.There are a number of that aren't recorded but have a great cost. But its genuine that there are more dealers on binance than on robinhood or on coinbase since its a trusted trade that when they are hacked, they really discount those influenced clients to which they picked up more notoriety.The beauty of Binance coin is that mainly on BSC netork which is helpful to reduce the cost of transactions.

baigreen

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In general, I see binance as a good company. But. There are projects that are not clear how they ended up there ... Because of the hype? Or something else ... In general, you understand me. But since Binance makes serious demands. And the projects there correspond.

revilo

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Quote from: slashz9 on June 03, 2021, 10:58:31 PM

maybe a little bit true, because binance lists coins that they think are good and go through a fairly rigorous selection to qualify on their exchange.
and also most of the coins listed on binance have good development for the long term.
So investing in every coin here may be good but still has risks.

Aren't they only in it for the volume? Some time ago I went through their list and here and there was a coin or a token that I was surprised found its way onto Binance. They don't charge anything as far as I know, which gives them an incentive to have good projects, but ultimately it is the trading volume what counts.

leea-1334

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Quote from: Vatimins on June 03, 2021, 01:38:40 PM

Umm,.. Nope. Instead, look for great coins that have great developing teams, follows the roadmaps on time, great community and of course, has great use case, purpose or concept that are NOT YET LISTED on BINANCE. In this way, you will be able to maximize potential profit every time there is a good news, new exchange listing or finally getting listed on binance. At least that is how most of the people do things most of the time. Even I do the same from my investments to the rewards I get from bounty campaigns. Hodling and before binance is what works best for me. Hope this helps.

)

And I may add, projects who do not list also generally do not look to raise money (hence they do not need trading volume or price increase) and even do not focus on token markets,,, They just build and build and build and the growth of the users are what matters to them. This naturally puts markets in appreciation over time!

southerngentuk

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Quote from: criket on June 03, 2021, 10:32:09 AM

Quote from: capokmerah on June 03, 2021, 04:16:21 AM

Quote from: southerngentuk on June 03, 2021, 03:36:33 AM

I was just wondering what the remaining 10% would be? Is it a risk or something else? I have been following them for many years what I have seen is an amazing development to date and most of the projects supported by binance are doing well.

Maybe not all coins listed on binance have a good reputation. whatever the exchange, there is always shitcoin. so that makes the thread only mentions 90%. I think so.

it's just part of the misunderstanding of the team that put the project in and then the project stops developing or the product doesn't sell well in the market. that's what makes the reputation of the project and also the exchange deteriorate. and binance has been able to overcome it by minimizing such scam projects.
however, currently, binance is already a giant in the crypto market. and that makes projects that work together and are listed on binance get a response from traders and investors on binance.

And that's exactly what I was thinking, yes, nothing is perfect, but in the case of binance it's a different matter. It can be considered as a leader in this market, as it has supported many projects to promote their development.

slashz9

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maybe a little bit true, because binance lists coins that they think are good and go through a fairly rigorous selection to qualify on their exchange.
and also most of the coins listed on binance have good development for the long term.
So investing in every coin here may be good but still has risks.

Darktongue

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Exchange dominance won't lose Binance, a very strong community and services are getting from Binance. But blockchain services lead will take Ethereum again. Tron USDT transaction cost almost zero now BUSD withdraw costs 0.8 USD. That's how Binance will lose dominance blockchain. Users will find other options when Binance will force them to push monopoly.

ILuckyGuyI

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I can't say exactly this but yeah there are really many promising projects in Binance exchange. And I hope that Binance won't lose its power and place in this market in the future. Watching new projects being listed there is really exciting.

judaspriest

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C O M B O

my advice is to buy tokens in the binance smartchain or BSC ecosystem,
because Binance is currently looking at projects from there, and many are benefiting from there,
try buying them on pancake swaps, but unfortunately I don't have a good list of coins

Lordhermes

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Quote from: Vatimins on June 03, 2021, 01:38:40 PM

Hodling and before binance is what works best for me. Hope this helps.

To be honest, Binance gives out the best projects ever, almost all of the coins listed on Binance probably is doing pretty well up to 20x. What's behind the growth may not be the use case but the opportunity to be closer to whales and all kinds of investors across different countries. This alone tells how volatile and good trading volume a coin could have on Binance.

However, coins listed on Huobi, Gate, kucoin, are also good projects that often perform well with good profit Return On Investments but most of this coin die off due to inactiveness on the project team.

revilo

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Quote from: Maslate on June 03, 2021, 03:53:02 PM

Quote from: Hobo66 on June 03, 2021, 02:01:09 PM

Bnb is Long term outlook not too good due to you know what 2.0, other smart contract competitors, and layer 2 scaling solutions.
BNB was rocking. Wouldn’t be surprised to see it hit $700.00-$1000.00 by the end of the bull run.

I would not be surprised by that, but I'll be surprised if we will still see a new bull run coming when the market is already correcting. It's still all on the bitcoin movement, once bitcoin remains bearish, BNB will surely follow, and the rest of the altcoins.

In the long run, it should be easily hit that value, if ETH could do that, BNB could do the same as it's at par with ETH.

The both will coexist and deliver great services. Also, we need to first see what's going to happen once the 2.0 version gets rolled out. There could be problems afterwards which haven't been identified or though about. 2.0 is no threat to BNB in that sense.

kayiboyu

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I also agree with this assumption. Binance has had a really good impact on the coins listed there. But sometimes I also saw some coins that there was no change in their price also. But mostly, this is true yeah.

Maslate

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Quote from: Hobo66 on June 03, 2021, 02:01:09 PM

Bnb is Long term outlook not too good due to you know what 2.0, other smart contract competitors, and layer 2 scaling solutions.
BNB was rocking. Wouldn’t be surprised to see it hit $700.00-$1000.00 by the end of the bull run.

I would not be surprised by that, but I'll be surprised if we will still see a new bull run coming when the market is already correcting. It's still all on the bitcoin movement, once bitcoin remains bearish, BNB will surely follow, and the rest of the altcoins.

In the long run, it should be easily hit that value, if ETH could do that, BNB could do the same as it's at par with ETH.

Hobo66

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Bnb is Long term outlook not too good due to you know what 2.0, other smart contract competitors, and layer 2 scaling solutions.
BNB was rocking. Wouldn’t be surprised to see it hit $700.00-$1000.00 by the end of the bull run.

Vatimins

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Blue0x.com

Umm,.. Nope. Instead, look for great coins that have great developing teams, follows the roadmaps on time, great community and of course, has great use case, purpose or concept that are NOT YET LISTED on BINANCE. In this way, you will be able to maximize potential profit every time there is a good news, new exchange listing or finally getting listed on binance. At least that is how most of the people do things most of the time. Even I do the same from my investments to the rewards I get from bounty campaigns. Hodling and before binance is what works best for me. Hope this helps.

)

Tigerheart3026

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If any project will list in Binance then people's are getting to excited to invest here, it's good or worst project that doesn't matter.
i don't agree Binance listed every project has good potential in the long run. although as we know this exchange listed projects are very picky.

akirasendo17

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well yes since people who are anticipating coins that will be listed there will get more attention and lots of buyers because also of a large community of the coin, I think binance also look at the community if it's really big they will list it, also investors also have standards, because binance also check the coins, because they also want to have profit, also binance is popular so anything being listed their maybe worth millions in a few years that's what I think.

Topic: 90% chances if a coin is listed in Binance it has a good potential - page 4. (Read 2993 times)