Binance as the third largest coin - page 4.

bitcon

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Quote from: NASdaq on February 28, 2021, 03:31:37 AM

Thats another proof that binance have too much power. They can pump or dump anything

BNB took its place very deservedly. I like this coin and the exchange. I think everyone has been watching the development of the entire Binance for a long time and see how many areas it covers and how harmoniously it adjusts to any changes in the crypto market.

Many people appreciated the advantages of BSC, which offers convenient and practical working conditions, fast transactions with a small commission. I consider such projects to be excellent examples of the growth of the crypto market as a full-fledged economic industry, which is moving the world forward. Wink

Sled

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Quote from: NASdaq on February 28, 2021, 03:31:37 AM

Thats another proof that binance have too much power. They can pump or dump anything

They can't go to that position if they don't have the support for the community. Investors, traders, the people are seeing BNB has huge potentials and that brought attention. We are not wrong about choosing BNB as one of our assets and we are satisfied enough with what it gives to us as a return of our trust and investment.

Some say's that soon it replaces ETH, well, I respect that but that is quite impossible. Well, we have to know some limitations as well, and being the third largest coin in the market is already a big achievement of the team.

torrantz

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Now it's Cardano that becomes third largest coin, guess the third position changing really frequently but I honestly don't expect BNB to get overtaken by cardano meanwhile the BSC is really on fire with all the new projects migrating.
I guess BNB now has lost hope to overtake ETH and steal the 2nd position considering the market cap gap also too huge, maybe if BNB could show good performance again like before.

lixer

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Quote from: MCobian on February 22, 2021, 02:37:27 AM

We should not be surprised to see the increase in BNB which is so fast and become the third largest coin, because Changpeng Zhao was able to make Binance exchange the best. Surely he can do it at BNB too, but to be able to overtake with Ethereum is still possible, even though it takes a long time. Meanwhile, to overtake with Bitcoin, I'm sure there will be no coins that can overtake with it. It is very fortunate for BNB holders today to enjoy large profits.

Also all the BNB earned through fees on the Binance platform, as far as I am aware, are burned and hence the supply is shrinking and the demand is either remaining the same or just increasing every day which ultimate leads to pumping of BNB token.

Quote from: ?? on ??

I do not see how being number 3 on the list guarantees BNB will continue to be there forever. The spot changes like water tide. Most of those coins that made top list n 2017 or before that are not on that same spot now. At a time, Dogecoin was a top coin too but where is it today? Where is Bytebal? Where is Bitconnectoin? BNB may also lose that spot tomorrow.

Right but all the names you taken never had a product to support the hype and hence they failed to dominate the market in the extended run. Dogecoin was just a meme which I personally used to save transaction fees. BNB is supported and based on the whole Binance exchange, their latest services like I read somewhere about Binance bridge and on top of all, being the biggest exchange there are lots of BNB being burnt daily which like I mentioned above, leads to the growth of BNB as supply shrinks.

NASdaq

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Thats another proof that binance have too much power. They can pump or dump anything

JeffBrad12

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Quote from: repear7 on February 25, 2021, 10:44:45 AM

Look at the BNB now. Price of BNB up and down every day.

From my opinion, This is the most perfect currency for daily trading. Yes, We can't make huge profit daily from bnb.

But, I think we can make profit daily.

That doesn't make sense dude. All coins can be considered as the perfect currency too. How perfect the crypto can't be determined from how volatile such coin compared with another coin because the volatility in crypto is relative.
Sometimes when there is a big movement and the market will be very volatile.
You can compare binance with another top coin and the charts were almost the same consider these coins are only following bitcoin.
This time bitcoin gets dumped and BNB too. I think that's a bit wrong to say BNB is the perfect coin.

aryana42

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Quote from: repear7 on February 25, 2021, 10:44:45 AM

Look at the BNB now. Price of BNB up and down every day.

From my opinion, This is the most perfect currency for daily trading. Yes, We can't make huge profit daily from bnb.

But, I think we can make profit daily.

Luckily every day is the same as you will get a big profit if it is multiplied by the amount you get each day If you can get profit for 30 consecutive days, I am sure the BNB token will fly again to a higher price after this correction is complete.

South Park

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Quote from: posi on February 24, 2021, 03:23:51 AM

Quote from: South Park on February 23, 2021, 10:37:10 PM

Quote from: mk4 on February 20, 2021, 09:57:19 AM

The pretty obvious reason in my opinion: Ethereum's fees have been quite high for a while, and Binance Smart Chain(BSC)'s fees are drastically lower. And yes, BSC is like magnitudes more centralized than Ethereum, but it comes to show how a lot of people don't care that much if a certain project is decentralization or not as long as they can make their bets on certain tokens.

The explanation is really that simple, a great deal of people do not care about decentralization and over the years I have seen people arguing that it is in fact a disadvantage, it is as if they do not seem to realize that if bitcoin was centralized then it would have been eliminated by governments long ago, and since people have that kind of thinking then there is no surprise that a coin that is heavily centralized like binance is now third in terms of market cap and soon enough it could become the second behind bitcoin only.

The last time I check decentralization of cryptocurrency is only the number one priority within the crypto community because we know the importance of it and the majority of people that sees centralization as a blessing instead of a curse are those that only study trading and other means of crypto investment just to make a profit but they barely study the concept of Bitcoin and the vision Satoshi had when/after he creates Bitcoin.

Decentralization is key and yet many people like to argue otherwise, not only that but they do not seem to understand that we need to decentralize everything otherwise the governments will use that as a vector to attack this market, we just have to take a look at centralized exchanges, every year their KYC policies are getting more and more invasive because governments can go against those exchanges, which is why the future of this market are decentralized exchanges that cannot be regulated like their centralized counterparts.

michellee

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Quote from: SacriFries11 on February 27, 2021, 07:47:01 AM

Quote from: repear7 on February 25, 2021, 10:44:45 AM

Look at the BNB now. Price of BNB up and down every day.

From my opinion, This is the most perfect currency for daily trading. Yes, We can't make huge profit daily from bnb.

But, I think we can make profit daily.

No not everyday we can make profit sometimes we might lose and we should accepted it.
BNB is drops to top 4 and ADA takes it place at third largest market cap. BNB, ADA, and DOT have the close market cap right now and it's not surprise that each of them will take each spot in the market. Binance is a good platform, its a long ahead for BNB and this year will be great for them. Better to buy it right now for long term. It's has better transaction with low amount of trading fee and transaction fee, a lot of people switch to their platform rather than ETH.

Yes, BNB drops to be the number 4, and ADA replaces the number 3. It is hard for each project since I believe the project wants to beat the other project and get a better position. ADA, BNB, and DOT are still fighting to reach the top 3 coin list, and that is not easy for each project to survive and lift the position. We already see big changes in the market, and this year can bring new lists to us, and we are hard to predict which project can be the next coins at the top market.

SacriFries11

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Quote from: repear7 on February 25, 2021, 10:44:45 AM

Look at the BNB now. Price of BNB up and down every day.

From my opinion, This is the most perfect currency for daily trading. Yes, We can't make huge profit daily from bnb.

But, I think we can make profit daily.

No not everyday we can make profit sometimes we might lose and we should accepted it.
BNB is drops to top 4 and ADA takes it place at third largest market cap. BNB, ADA, and DOT have the close market cap right now and it's not surprise that each of them will take each spot in the market. Binance is a good platform, its a long ahead for BNB and this year will be great for them. Better to buy it right now for long term. It's has better transaction with low amount of trading fee and transaction fee, a lot of people switch to their platform rather than ETH.

SquallLeonhart

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Quote from: Golftech on February 25, 2021, 05:55:05 AM

There's no certainty as we are inside crypto industry, the volatile market keeps changing the position
of each project around CMC, there are times that certain project got a much higher demands, way back
XRP able to surpassed ETH and stay for some period of time, hope for the best if you invested with BNB
and let CZ and all his supporters dictate the future of this coin.

I remember that was like just a year or so ago, XRP was high enough to challenge ETH whereas BNB was out of top 10, now BNB is third while XRP is on its way out of top 10.

Basically crypto is a bit of a surprise candy, you do not know what's in it, you just hope for the best and go for it. I personally look at coins from the potential perspective and not where they are right now, because if you ask me there is a good chance that people are not really pricing coins properly at each time, but the future will always draw that coin there eventually.

So, let's say there is a coin that is at 10 bucks, and I think it should be more than that, I buy it and keep it until it reaches that level but sometimes people overprice it and then I just sell and get out because not all coins could worth top 5 so they will go down. I have few that I really like these days, I think it is going to be super high in the future, let's see what will happen.

tvplus006

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Quote from: randegibran on February 25, 2021, 01:14:43 PM

Quote from: repear7 on February 25, 2021, 10:44:45 AM

Look at the BNB now. Price of BNB up and down every day.

From my opinion, This is the most perfect currency for daily trading. Yes, We can't make huge profit daily from bnb.

But, I think we can make profit daily.

Perfect coin to trade if have change price down and up every time, maybe any other coin look stable when up or down but different with BNB become best choose coin as daily day trading, I know many trader wanna get faster profit so you can choose BNB as your coin trading. Every day you can buy on lower price and sell when BNB have higher price although change only 6% until 10%.

Very often it happens that on a certain day you will sell your BNB and get a profit of 10%, and the next day you will wake up and see that the price of the coin has increased by another 50%. And since you will not buy BNB at such a high price, you will be forced to just watch the price of the coin grow day by day. And I have no doubt that BNB has a high potential for such growth.

DarkDays

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Quote from: tvplus006 on February 25, 2021, 05:03:52 AM

Quote from: ?? on ??

Quote from: MIner1448 on February 22, 2021, 12:09:10 AM

To my great regret, I also sold this coin in a fairly large volume, because I could not even imagine that this coin would be included in the top 3 coins, I also trade this coin, but not with such a profit ... Very promising coin, I think it will grow to the price of ethereum.

There is still a chance to be able to get profit in today's trading. I think Binance is still going up. but right now we have to be patient to be able to wait for it. With the development of the BSC I'm pretty sure Binance will be able to hit the price of 500 $ in the near future. this happened very quickly. buy now there is nothing wrong

After the price of BNB has increased in a short period to $ 350, the price of $ 500 looks very real. But with the further growth of the entire cryptocurrency market, BNB can reach an even higher price, thanks to the increasing use of the coin in the Binance Smart Chain network.

That's right, with more and more tokens utilising the Binance Smart Chain network, BNB will continue to grow. The price it touched a few days ago is incredible, similar to Pancakeswap. These two as it seems are continuing to grow a they become part of the network relied upon by other cryptos.
If the trend continues in green the performance of these tokens should stand out even more!

livingfree

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Quote from: repear7 on February 25, 2021, 10:44:45 AM

Look at the BNB now. Price of BNB up and down every day.

From my opinion, This is the most perfect currency for daily trading.

It is because that the market is in bloody days. Even bitcoin isn't spared from the price decrease everyday but that's not a big deal if you're into day trading because you just set your orders and go with the flow.

Quote from: repear7 on February 25, 2021, 10:44:45 AM

Yes, We can't make huge profit daily from bnb.

But, I think we can make profit daily.

You can make huge profit from it but you have bigger chance to be in losses if you're not to good in it.

LUCKMCFLY

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Quote from: Questat on February 26, 2021, 09:07:41 AM

Quote from: LUCKMCFLY on February 25, 2021, 08:49:45 AM

I think that now the most important thing that is being sought is to avoid the high fees imposed by the ETH network, BNB has made many integrations and in fact has intelligently entered the world of gambling by capturing some famous platforms so that people can play With BNB, it is also preferable to pay a BNB fee than an ETH fee in these moments, and even so the market falls BNB will have a place to hold on since it has entered the market with the highest trading volume.

People made a choice to take BNB than keeping ETH. It was the fees that these people would like to escape with.

Perhaps, they are not wrong about BNB, a known coin in the market, supported by the Binance exchange, have good profitability, and this is a big factor why it goes like this. And it fueled a lot as they launch the BSC where many ERC20 tokens are doing their market integration. For this sentiment will continue, more investors will consider BNB as their major crypto asset.

You are right, because people are always going to look for the currency that is cheaper for their fees, in addition, the security it offers is very good, and seeing the emergence that the currency has had, what is shown throughout these years is valuable, If Binance continues to integrate BNB in the platforms of Gambling, Casinos, bookmakers, I am sure that it is capturing a traffic and public that is quite large, the more movement of the currency, the more valuable for investors, traders and players in general.

I really admire Binance's ability to introduce BNB in the face of adversity, the high ETH fees have given way to a coin that is taking on more value.

Questat

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Quote from: LUCKMCFLY on February 25, 2021, 08:49:45 AM

I think that now the most important thing that is being sought is to avoid the high fees imposed by the ETH network, BNB has made many integrations and in fact has intelligently entered the world of gambling by capturing some famous platforms so that people can play With BNB, it is also preferable to pay a BNB fee than an ETH fee in these moments, and even so the market falls BNB will have a place to hold on since it has entered the market with the highest trading volume.

People made a choice to take BNB than keeping ETH. It was the fees that these people would like to escape with.

Perhaps, they are not wrong about BNB, a known coin in the market, supported by the Binance exchange, have good profitability, and this is a big factor why it goes like this. And it fueled a lot as they launch the BSC where many ERC20 tokens are doing their market integration. For this sentiment will continue, more investors will consider BNB as their major crypto asset.

redsun114

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Quote from: MIner1448 on February 22, 2021, 12:09:10 AM

To my great regret, I also sold this coin in a fairly large volume, because I could not even imagine that this coin would be included in the top 3 coins, I also trade this coin, but not with such a profit ... Very promising coin, I think it will grow to the price of ethereum.

I also had some earlier but I sold them way back so I don't have any regrets but yeah had I kept the coins with me, I could have easily 10x my money and maybe even more. When Binance was introduced, I was one of the early users and I feel bad that I can't hold on the coins I bought initially.

Ethereum has egregiously high fees right now and hence there is big shift towards the Binance chain and hence the high prices. Unless ethereum solves their problems, I believe more and more users shifting to Binance chain and maybe some even towards tron and other blockchains.

It is good to see that BNB has crossed USDT in terms of market cap and although Ethereum is a long way to go but given the current circumstances, the gap is closing slowly but surely.

randegibran

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Quote from: repear7 on February 25, 2021, 10:44:45 AM

Look at the BNB now. Price of BNB up and down every day.

From my opinion, This is the most perfect currency for daily trading. Yes, We can't make huge profit daily from bnb.

But, I think we can make profit daily.

Perfect coin to trade if have change price down and up every time, maybe any other coin look stable when up or down but different with BNB become best choose coin as daily day trading, I know many trader wanna get faster profit so you can choose BNB as your coin trading. Every day you can buy on lower price and sell when BNB have higher price although change only 6% until 10%.

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Look at the BNB now. Price of BNB up and down every day.

From my opinion, This is the most perfect currency for daily trading. Yes, We can't make huge profit daily from bnb.

But, I think we can make profit daily.

orions.belt19

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Apart from its utilization by the binance users, the Binance Smart Chain probably had some contribution to it being the third largest coin. Yield farming enthusiast enjoyed the low tx fees using Pancakeswap as compared to the ether alternative, Uniswap. Since the fees were beyond reasonable (ranging from $100-$1000), many have migrated to BSC despite it being centralized by Binance. I believe many will continue to use BNB since many rewards are offered for using it like discounts in trades or tokens from staking so it has plenty of potential to grow. Unless ETH solves their tx fees some day, users will flock to BSC.

Topic: Binance as the third largest coin - page 4. (Read 1065 times)