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Topic: Binance: $BNB The Future of Exchanges. - page 141. (Read 131881 times)

full member
Activity: 344
Merit: 107
December 24, 2017, 12:51:14 PM
Bittrex is my first favorite exchange & secondly binance.Although maximum time i trade in bittrex.But binance is the most popular exchange in every trader i believe.Binance coin rocket high.
legendary
Activity: 1764
Merit: 1012
December 24, 2017, 12:47:41 PM
So i buy BNB and I get 50% discount on fees. which is not much at the moment. 


Guessing main reason to buy it is because people that it will take off?  Probably until Binance exchangestarts crashing etc like all the others and then BNb goes down?

Actually, if you are a regular trader it is very logical to hold it. It makes you pay %50 of the fee right now. But if you are occasionally trading, yes the only reason, the hope of it will take off.
newbie
Activity: 112
Merit: 0
December 24, 2017, 12:19:46 PM
So i buy BNB and I get 50% discount on fees. which is not much at the moment. 


Guessing main reason to buy it is because people that it will take off?  Probably until Binance exchangestarts crashing etc like all the others and then BNb goes down?
full member
Activity: 658
Merit: 101
December 24, 2017, 11:52:27 AM
When will binance fee stops paying %50 and get a deduction? It says 1st year %50 and 2nd year %25.

So token price probably will get lower before it.

Are you sure? On the contrary, everyone thinks that the price will rise. The reputation of exchange is increasing, more and more people are using it every day.
The price may rise even for this only  Huh
member
Activity: 88
Merit: 10
December 24, 2017, 11:05:28 AM
When will binance fee stops paying %50 and get a deduction? It says 1st year %50 and 2nd year %25.

So token price probably will get lower before it.

I don't thnik the BNB token has only being bought due to exchange reasons. People also trust the platform of Binance and they think the price of BNB token will go up. I mean I can still buy BNB for investment purposes.
newbie
Activity: 29
Merit: 0
December 24, 2017, 10:52:30 AM
U sure the BNB decaying "discount fee" each year isn't relative to each user subscription date ? That kind of "smoothing" would make more sense and it could go on forever that way
legendary
Activity: 1764
Merit: 1012
December 24, 2017, 05:30:55 AM
When will binance fee stops paying %50 and get a deduction? It says 1st year %50 and 2nd year %25.

So token price probably will get lower before it.
sr. member
Activity: 574
Merit: 261
December 24, 2017, 02:48:09 AM
I've been reading some binance reviews and most all of them are good so im trying to invest some to it if it is worth it

If you look at the threads for some of the other exchanges, such as Poloniex, HitBTC and (to some extent) Cryptopia, you'll find that most of the posts are complains whereas this Binance thread is almost bereft of complaints. The one thing I like about Binance is that you can use there coin 'BNB' to pay for trade fees, this makes it easy to buy coins that only trade in whole numbers, like NEO, as you don't have to work out how much extra NEO to buy to cover the fees.

EDIT; you can buy fractions of NEO but only send it in whole numbers.
legendary
Activity: 1764
Merit: 1012
December 22, 2017, 08:13:57 AM
So what? You can just sell the car and make a profit from it. So there is %140 tax but if you don't pay the initial car price, you can make a profit by selling it. Still, it is impossible for us to win that car. It is for whales only.

So what?

Will I win competition for government? For paying more taxes to them? And in return I get nothing. I don't think you have any idea about countries with corrupted governments. I can try winning the competition if I want, but I have no intention. I would make more money by my regular trading routine.


I can understand your country just by looking your nickname. And I know the corrupt government and regulations too.

I don't care who gets the big part of the competition as soon as I get something too for free.
legendary
Activity: 2982
Merit: 1485
December 22, 2017, 07:05:23 AM
So what? You can just sell the car and make a profit from it. So there is %140 tax but if you don't pay the initial car price, you can make a profit by selling it. Still, it is impossible for us to win that car. It is for whales only.

So what?

Will I win competition for government? For paying more taxes to them? And in return I get nothing. I don't think you have any idea about countries with corrupted governments. I can try winning the competition if I want, but I have no intention. I would make more money by my regular trading routine.

And writing like this don't help your posts become bigger. It's just a fake illusion.
sr. member
Activity: 476
Merit: 250
December 22, 2017, 06:58:08 AM
I've been reading some binance reviews and most all of them are good so im trying to invest some to it if it is worth it
legendary
Activity: 1764
Merit: 1012
December 22, 2017, 06:57:09 AM
Binance is a great exchange , definitely my favourite at the moment. I haven't won a car yet though Sad

Personally, I wouldn't trade just for winning a car from competition. Even if I win that would hurt my economy because of big taxes. In my country there is more than %140 tax for luxurious cars. I'm not interested in winning the competition but the thing I like about these competitions are they bring more people to the exchange and help bring the volume up. Binance is everybody's favorite these days. I hope it will affect BNB price too!

So what?

You can just sell the car and make a profit from it. So there is %140 tax but if you don't pay the initial car price, you can make a profit by selling it.

Still, it is impossible for us to win that car. It is for whales only.
legendary
Activity: 2982
Merit: 1485
December 22, 2017, 06:40:32 AM
Binance is a great exchange , definitely my favourite at the moment. I haven't won a car yet though Sad

Personally, I wouldn't trade just for winning a car from competition. Even if I win that would hurt my economy because of big taxes. In my country there is more than %140 tax for luxurious cars. I'm not interested in winning the competition but the thing I like about these competitions are they bring more people to the exchange and help bring the volume up. Binance is everybody's favorite these days. I hope it will affect BNB price too!
legendary
Activity: 1764
Merit: 1012
December 22, 2017, 05:44:32 AM
Binance is a great exchange , definitely my favourite at the moment. I haven't won a car yet though Sad

I love them too. But for winning a car or something like that you should be a really big spender.

Once I was very near to become 100th mana buyer and get some mana but i missed by satoshis Smiley
member
Activity: 154
Merit: 11
December 22, 2017, 04:51:06 AM
Binance is a great exchange , definitely my favourite at the moment. I haven't won a car yet though Sad
full member
Activity: 434
Merit: 100
December 22, 2017, 02:07:07 AM
Binance just started their exchange recently and I was amazed that they are already on the top list. I don't like the choice of color for their exchange but it is certainly better than poloniex and bittrex in my experience.
member
Activity: 476
Merit: 75
December 21, 2017, 11:51:15 PM
I think the low wage thing is very good. Stock market is growing in number of users. If Hele enters another stock market really, the price can be very high.
SNS
sr. member
Activity: 516
Merit: 252
December 21, 2017, 09:44:54 PM
According to my calculations, for this quarter, binance can make a buyback of 35-50 million $. At a price of BNB $ 5 this can be a huge amount.

How did you come up with that amount?

I don't think they would go for such a huge buyback every quarter but 'm not familiar with their policy.

Today Binance volume is 3 billion. If we take an average volume 1 billion per day and a fees 0.1%, we get 1 million day profit. If all people pay a fees with the BNB, it will be $500,000 per day or $ 45 million per quarter. With current price they'll buyback 9 million BNB. But I think that the price will increase.
legendary
Activity: 2982
Merit: 1485
December 21, 2017, 09:13:04 PM
Binance are giving away a Porsche Panamera (whatever that is) and lots of other goodies in there Xmass competition, go get 'em.

They are doing crazy competitions these days. First TRON volume raise competition, then WAVES and now TNB. It's a good marketing move but I don't think TRON and TNB are reliable coins. I also invested in BNB because I have high expectations. A lot of people use this exchange, they should buy BNB to minimize their trading fees as half. BNB price should go up next weeks.
jr. member
Activity: 238
Merit: 1
December 21, 2017, 08:41:14 PM
Binance are giving away a Porsche Panamera (whatever that is) and lots of other goodies in there Xmass competition, go get 'em.

https://support.binance.com/hc/en-us/articles/115003568711-Binance-TNB-Wish-You-a-Merry-Christmas-and-Happy-New-Year-Porsche-Giveaway-
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