altcoin binance smartchain wort it? | Bitcointalksearch.org

darewaller

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Quote from: celsantiago22 on February 18, 2021, 01:42:00 PM

hello guys what do you think about altcoins, binance, smartchains? all altcoins that binance have were all mooning like cake ,sfp, etc. Do you guys think is it worth it to invest tokens from binance chains?
I see the movement of cake from cent usd to 12 dollars, I'm planning to invest safepal wallet and HOLD It until my target price reach 12 usdt, i don't have much idea with regards of trading but I am eagerly trying to learn.
Give me some cool suggestions guys:)

Yup, the market has been really good at this time, but what if you invest and the market starts crashing, what are you going to do, keep holding or sell off?

Unless the particular coin you’re investing in is going to increase and reach your target before any there decline.

If you have plans to starts trading, my advice would be that you should leave it for now, it is not something that you’re just going to jump on quickly and start trading, you have to learn what you’re meant to learn to be perfect before taking the further step.

devollito

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Altcoin on binance smartchain some of them is an old project which moved from ethereum because of high gas fees. And some of them is new project which can be failed or maybe it is scam project. So you need to becarefull to purchase them. Dip research about them will lower your risk to get ripped off.

bitcon

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Binance has become a lifeline for many users who simply could no longer cope with financial difficulties due to expensive Ethereum transactions. I like working with this network there, it is really profitable to carry out transactions without commissions and unnecessary worries. Binance has a huge future, and I think many have already appreciated all the advantages or will definitely appreciate in the future.

I have nothing against Ethereum and I even hope that its creators will be able to overcome all problems, but Binance is a very promising project.

Mpamaegbu

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Quote from: celsantiago22 on February 18, 2021, 01:42:00 PM

hello guys what do you think about altcoins, binance, smartchains? all altcoins that binance have were all mooning like cake ,sfp, etc. Do you guys think is it worth it to invest tokens from binance chains?

Give me some cool suggestions guys:)

There's always a caveat buying any token listed on DApp, whether from Pancakeswap through a BSC or on Metamask through ETH on Coingecko. It's so that buyers will be aware of any act of a possible rugpull so they don't cast the blame on anyone if that eventually happens. I haven't experienced a rugpull myself but I heard it's a terrible experience to have as one watches one's cash go down the drain. So, my suggestion is for you to DYOR properly before investing.

Cadaver20

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I also believe that the tokens on the bsc blockchain, by binance are currently a good investment, perhaps the best at the moment given the difficulties of eth (very high fees), i am investing in bunny, alice, cake, twt and obviously bnb

Yeah, many tokens of Binance Smart Chain are pumped too much now. From this point of view, it seems that the investment in the token of BSC blockchain is worthy. But I don't think it's right to invest long term. Because if the transaction fee of ETH blockchain is reduced then if everyone rushes towards ETH then there can be much more dump of BSC token.

rozak

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Quote from: btcltcdigger on March 26, 2021, 07:31:13 AM

Quote from: celsantiago22 on February 18, 2021, 01:42:00 PM

hello guys what do you think about altcoins, binance, smartchains? all altcoins that binance have were all mooning like cake ,sfp, etc. Do you guys think is it worth it to invest tokens from binance chains?
I see the movement of cake from cent usd to 12 dollars, I'm planning to invest safepal wallet and HOLD It until my target price reach 12 usdt, i don't have much idea with regards of trading but I am eagerly trying to learn.
Give me some cool suggestions guys:)

Don't hold it for too long. BSC shitcoins are only mooning because ETH fee's are very high.
Once they come down, BSC will be an empty wasteland

Is it that bad what happens when the ethereum problem is when the gas costs are resolved?
sounds really bad on the BSC. but until recently they could have grown in popularity when market adoption was still on the side of BSC. what's more to do with binance. surely there will be other developments after the BSC is completed.
such as there are interesting events with free tokens that can be obtained from saving or BSC transactions. obviously, it greatly adds to the enthusiasm and market adoption for BSC.

Darkelf11

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Honestly speaking it's too hard to say if the balance smart chain has a good outcome but still, they have a good market price today and seems to be a great investment but again as I told you it's too hard to sell what are the possible things that might come to the market of this smart chain.

The best thing to do and recommended is always search for the investment we would like to do.

btcltcdigger

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Quote from: celsantiago22 on February 18, 2021, 01:42:00 PM

hello guys what do you think about altcoins, binance, smartchains? all altcoins that binance have were all mooning like cake ,sfp, etc. Do you guys think is it worth it to invest tokens from binance chains?
I see the movement of cake from cent usd to 12 dollars, I'm planning to invest safepal wallet and HOLD It until my target price reach 12 usdt, i don't have much idea with regards of trading but I am eagerly trying to learn.
Give me some cool suggestions guys:)

Don't hold it for too long. BSC shitcoins are only mooning because ETH fee's are very high.
Once they come down, BSC will be an empty wasteland

worldofcoins

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Quote from: celsantiago22 on February 18, 2021, 01:42:00 PM

hello guys what do you think about altcoins, binance, smartchains? all altcoins that binance have were all mooning like cake ,sfp, etc. Do you guys think is it worth it to invest tokens from binance chains?
I see the movement of cake from cent usd to 12 dollars, I'm planning to invest safepal wallet and HOLD It until my target price reach 12 usdt, i don't have much idea with regards of trading but I am eagerly trying to learn.
Give me some cool suggestions guys:)

Binance smart chain is a good product, more recently it’s a good practical use case for trading/swapping tokens or for basic transactions compared to Ethereum.
Because of high fees on Eth network people are switching to BSC but soon there will be ETH update which will turn the ETH from PoS to PoW maybe then people will switch back or continue using BSC.
Most likely they will use both.

JeffBrad12

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Quote from: tarable on March 26, 2021, 01:24:54 AM

Quote from: Father Bitcoin on March 25, 2021, 12:23:06 PM

Especially with Binance conditions which are predicted to surge in several articles that I make in April, scammers will definitely enter it, considering that many people are tempted by projects related to Binance

But until yesterday I haven't seen a spike in the BNB token, instead it continues to fall like a Bitcoin correction, so are you still very sure that in April this year there will be a surprise in the form of a big spike in BNB tokens?

It caused by binance is fully pegged with the bitcoin movement. If there is no good news about that and then it will be following bitcoin, you can see in your own statement if that was following bitcoin after it didn't even get any pump.
that means if BNB is not leaving from the bitcoin's domination.
I think that even BNB was a major coin that has a various products and it doesn't mean bnb can stand without bitcoin.
The fact that bitcoin is still ruling anything.
There are some altcoins on the BSC that is worth investing too.

nicecrypto

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Quote from: tarable on March 26, 2021, 01:24:54 AM

Quote from: Father Bitcoin on March 25, 2021, 12:23:06 PM

Especially with Binance conditions which are predicted to surge in several articles that I make in April, scammers will definitely enter it, considering that many people are tempted by projects related to Binance

But until yesterday I haven't seen a spike in the BNB token, instead it continues to fall like a Bitcoin correction, so are you still very sure that in April this year there will be a surprise in the form of a big spike in BNB tokens?

That same issue can be said for most of the alts and not just BNB. We know any correction in the market with reflation of Bitcoin affects other altcoins and BNB was not an exception but this doesn't mean that It cannot get back up there because I have seen days when BNB price was going up without the influence on bitcoin, the day "Alice" was to be listed in Launchpad on Binance plus as always, if bitcoin gains back, BNB does too.

jaberwock

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Quote from: Father Bitcoin on March 25, 2021, 12:23:06 PM

Quote from: meldrio1 on March 25, 2021, 10:40:05 AM

Well not all altcoins binance smart chains are good to invest.. You must do your own research the project first because I believe there are some of them are scammy projects. Binance smart chain is getting popular now for sure the scammers will join this trend making their own Binance smart chain altcoin.

Especially with Binance conditions which are predicted to surge in several articles that I make in April, scammers will definitely enter it, considering that many people are tempted by projects related to Binance

It is not even just scammers, even the "good" projects have a limit and I think that's why it is a mistake to stay in them for way too long. Think about it this way, there is 28800 blocks per day on BSC and most of the time blocks are 1 on those tokens, that means there is 28800 tokens per day in there, and that is why I think it is quite impossible for it to continue, even if it is 10 bucks that means we have nearly 300k bought every day without even selling to make it go on, and there are ones that pay even more, like LP and pools which means it is going to be a lot more.

This is why I think even the best projects that come out with the best intentions will eventually go down because nothing can be sustained that much every single day forever. This is why anything you get in, scam or not, you should get out of those BSC tokens before it is too late and before get out before you.

dhemasm

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Well any coin can be migrated to Binance Smart chain and it's didn't make any BSC-based token is good, Still there some bad project for example like ZAC, it was Rug Pull. Basically it's depends on which project or coin you want to invest, In this case SFP it's good option if you looking potentially project beside that Cake was good alternative for get some passive income through their farming program.

Father Bitcoin

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Quote from: tarable on March 26, 2021, 01:24:54 AM

But until yesterday I haven't seen a spike in the BNB token, instead it continues to fall like a Bitcoin correction, so are you still very sure that in April this year there will be a surprise in the form of a big spike in BNB tokens?

The current condition is that the binance is getting lower, predictions can also be missed, everyone has their own predictions, but it does not rule out that the predictions in some of these articles actually happened in April, in this case there is still a need for more observation between the possibility of going up. or getting down

tarable

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Quote from: Father Bitcoin on March 25, 2021, 12:23:06 PM

Especially with Binance conditions which are predicted to surge in several articles that I make in April, scammers will definitely enter it, considering that many people are tempted by projects related to Binance

But until yesterday I haven't seen a spike in the BNB token, instead it continues to fall like a Bitcoin correction, so are you still very sure that in April this year there will be a surprise in the form of a big spike in BNB tokens?

matchi2011

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Quote from: Willitivity on March 25, 2021, 06:41:52 PM

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Binance smartchain is the hot thing now, because of obvious problems with transactions.
However this has also a negative side, every hype eventually gets into bubble as well gets attention of many scams, so be carefull out there and invest only what you can lose.

Binance smart chain is capitalizing on the fact that ethereum is too slow and the gas fees over there are just high to make any transactions. Defi is the current best thing in crypto right now alongside NTFs but users are always restricted and limited due to high gas fees every time. Most times, you need around $10 to $15 fees to send $20 worth of value on the network and that's bad. Binance chain fixes that and allows users to enjoy all ethereum features but with cheap tx fees and its back by binance labs funds too.

So far so good as Binance really providing that lapses coming from ETH chain. Giving investors and traders breathing
to continue investing and trading new assets.

If things continue like how it was now then buying altcoin using this chain is really worthy, just pick the right project
and enjoy using this low fee chain.

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Quote from: Reid on February 21, 2021, 06:39:57 AM

Quote from: lumierre on February 20, 2021, 01:27:19 PM

Binance Smart Chain has already taken a significant percentage of the market share from Ethereum. People are looking for an alternative to expensive fees on the ETHnetwork and BSC is ideal as a replacement. Moreover, the developers of Binance Smart Chain declare that they will do everything possible to maintain low transaction fees on their network. Cool

Good news, indeed.
I just recently viewed this TWT and SFP and other altcoins that had been moving up.
It's real. That's all I could say.
Binance helped a lot for these coins to move forward and I think it is a good choice for investment.
I'd stay with BNB though if you don't want to risk further. Given that it will increase more value thanks to the promise of low tx fees while the speed is still there.

well, I also heard that quite a number of altcoins have moved to BSC due to fees and other issues. however, the problem of fees at ethereum did hinder transactions. however, the BSC is something of value right now. sooner or later, BSC will have a position that is equal to or even more than ethereum.

Willitivity

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Binance smartchain is the hot thing now, because of obvious problems with transactions.
However this has also a negative side, every hype eventually gets into bubble as well gets attention of many scams, so be carefull out there and invest only what you can lose.

Binance smart chain is capitalizing on the fact that ethereum is too slow and the gas fees over there are just high to make any transactions. Defi is the current best thing in crypto right now alongside NTFs but users are always restricted and limited due to high gas fees every time. Most times, you need around $10 to $15 fees to send $20 worth of value on the network and that's bad. Binance chain fixes that and allows users to enjoy all ethereum features but with cheap tx fees and its back by binance labs funds too.

Shasha80

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Altcoins that use the Binance Smart Chain are very well worth investing in. because there is currently a hype about Binance Smart Chain's
cheaper fees, compared to the altcoins using Ethereum platforms. Regarding CAKE in the near future I'm sure to return to the ATH price of $ 21,
so it's a very good thing to buy CAKE nowadays. Then for the SFP I doubt can reach the price of $ 12 this year, chances are the SFP will only
hit the $ 7 target this year. But both of them are really worth buying, because they can generate profits in the near future.

CaVO32

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Quote from: Ridwan Fauzi on March 25, 2021, 05:57:19 PM

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at the moment it is convenient to operate on the binance smartchain regardless of the value of the altcoins there, the transaction fees have remained just a few cents

That right, but I bet this is will not stand for long time. I mean, the fees for those who use binance network will not always have a low fee because when BNB coin has a high price then I bet the fee for one transaction will high as well.

I still remember when BNB before reach its price right now I just spend $0.00 but now its fee has increased to $0.1. It will be like ETH now, before ETH increase we always told that ETH is a solution than bitcoin but now we said BNB is a solution than ETH.

Also, it is not all about the fees involved. Not all projects developed under binance smart chain is worth your investments just like not all eth tokens are valuable. Now that devs are finding out that there is advantage in terms of fees under BSC network, a lot of scammers will build their crap projects under this platform. So make sure to do your homework before jumping any of them.

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