Topic: Binance: $BNB The Future of Exchanges. - page 122. (Read 132065 times)

Opportunities are bringing to you risk and chance, you have to do it in the right way to take the advantage or earn more from that opportunity. BNB is a good coin of course but choose the right timing to buy and hold it is better.

"Changpeng Zhao (CEO of Binance): There is a definitely a lot of room for growth for decentralized exchanges, as well as for centralized exchanges. The two are not mutually exclusive. A lot of people confuse that, and think that decentralized exchanges will replace centralized exchanges. That might happen eventually, but it will take a long time for it to happen. In the next decade, we will see decentralized exchanges coexisting with centralized exchanges. The current decentralized exchanges have low volume and are tricky to use. You have to send to a smart contract and then you have to wait. It’s not high frequency trading.

I give the analogy of a train and a car. Just because there are trains which can go faster, doesn’t mean that there are no cars. They two serve different purposes. Eventually, we may live in a world that relies completely on trains or driverless cars. But we live in a time where centralized exchanges provides users with higher liquidity and an easier user interface. We are watching the decentralized exchange space very closely. We will develop our own decentralized exchange for sure. We want to promote decentralized exchanges and advance the technology in that space. That way we can ride a bit off their innovation later on and push our own tech forward. Decentralized exchanges have the advantage of anonymous trading and you don’t have to have coins in custody of the exchange, but centralized exchanges have much faster matching engines, much higher liquidity and promotions like coin giveaways that make them much easier to promote."

Binance will have many partnerships and compete to be a top decentralized exchange. BNB will still have a lot of utility on multiple platforms through many partnerships and be used as gas on its own dex.

See this video for additional information: https://twitter.com/boxmining/status/954777799411273730

i honestly think that decentralised exchanges are the future, and therefor tokens like bnb are great now but might be less in the far future.

BNB can be seen as a very logical investment tool. Because as the interest in Binance increases, the room rises. This can be assessed. I have not made an investment for the time being.

Binance's ICO price, it should be 10 cents. Because I made some investment and I sold it for  1$.  I think Binance one of the biggest regrets I've ever had in my life.

BNB is a long-term and not speculative investment, so it's not very important when to buy, but actually it's cheap now. But might dump even lower, cause market is red at the moment.  

anyone remember Binance's ICO price? I'm asking to make a comparison. i know its already make xxx profit but i guess its already an opportunity

Binance is a very good exchange and has surpassed Bittrex a long time ago, there are far more function on Binance, besides a token/coin has more chance to be listed on Binance as the favorite, in the future especially BNB will be worth much more, imagine if there is world adoption and people making use of Binance, the BNB tokens will go mad because of the advantages it gives when one is trading on this exchange, also it looks and works smooth just exactly how it is supposed to be.

I don't know if there is a trading bot, but I believe coins on binance platform are being pumped by the bitcoin whales. The market volume is increasing.

Big possible the price BNB is always increase, because this exchanges is very good. It is beneficial to all - and exchange and traders.

but do you think now it makes sense to take tokens bnb, at a price of $ 13.16? or is the situation for this exchange now tense?

The problem of decentralized model is that it is much slower than centralized, therefore existing decentralized exchanges do not work well and are not popular.

Binance is getting a lot of attention from the cryptocurrency market because of the many advantages that this site offers investors. I trade quite a lot in Binance and I feel very happy about my commercial experience. With the high security, fast transaction, easy to use interface even if you are new, it is the advantage that Binance is bringing to investors and received great support now.

Nope. Nowdays people will likely "leave" Poloniex and bittrex soon due to their difficult verification. People need to verify their account first before start trading on Bittrex and (soon) on Poloniex, but to get verified on both sites you need to wait (around 1 week (if you are lucky enough) until months or even a year to get verified). 

BNB is an exchange of chinese so i guess people are going to prefer Poloniex or Bittrex much more than that one even the withdraw fee is cheaper.

That's marketing planning/strategy. They decided to release BNB token to attract people, and their token also has another function which will make your withdrawal fee become cheaper than using other currency (-50% fee!).
They are planning to make BNB token supply into 100 M token with buy back and burn strategy.

I think yes. Their coin has gained a lot since release and it's mean nice profit for them. Their monetization model is quite interesting and I won't be surprised if we will see same model used in other exchanges

Binance will stay for quite long time, it has pretty big market ,but we see serious competitors like kucoin.com, which have lower fee.
also ive sent ticket to Binance support 10 days ago, still no response

I know BNB is a good exchange but why they release their own coins? What does that mean for real? More profits?

DecentraliZed exchanges are the future, no risk of being hacked or stolen, Loopring, Radar Relay is on beta right now you can trade ledger to ledger or via Meta Mask; and so many emerging more than I can name. Also fees are too high, Binance is more expensive, 3.5 wabi to withdraw, thats $10.5 to withdraw ether based token, and thats after the drop $5 high.