Topic: Binance: $BNB The Future of Exchanges. - page 143. (Read 132065 times)
Binance currently has tremendous trading volume everyday. Binance has tools to help trader make transactions easier and safer. I also do a lot of trading on Binance. I think Binance will be the largest trading platform in the world in the near future.
How much is the current price of Binance now? And when this was started ? I was confused with the people around me talking about this coin , looks like its a promising also 
At this moment we are trading BNB at around ~$6 (or ~33k sats). You heard right, BNB is definitely a promising token, because it really got a use case, besides of being just a speculative object. You can use BNB to cover your trading fees while trading on Binance, this will reduce your fees by 50%.
I believe this is the reason why BNB has been pumping these past few days. Lots of trades are now taking place on binance and people want to reduce their trading fees. If the price of BNB rises then you will basically be trading on the binance exchange for free!
I guess with the many new people getting into cryptocurrencies everyday, it is pretty likely that many of those are looking for alternatives after getting to know polo and bittrex. I guess Binance is doing a great job marketing itself and for traders it contains only benefits, so I can imagine that Binance has many new users everyday and those start off on Binance by buying BNB, therefore price is appreciating. If we think of Coinbase with 100k new users everyday, I can also see maybe around 20k new people coming to binance everyday.
Binance became very popular exchanger. If it goes well, it can replace Bittrex maybe.
I believe this is the reason why BNB has been pumping these past few days. Lots of trades are now taking place on binance and people want to reduce their trading fees. If the price of BNB rises then you will basically be trading on the binance exchange for free!
I would add here 2 factors:1. Binance lists a lot of new coins and announces trading contests (the latter I view absolutely unethical);
2. Bittrex has toughened trading requirements (min order size on highly liquid markets might exceed EQV of 20$, on Binance it's 0.01 ETH ~ 8$) and trading system is sluggish - order history lags, order cancellation and placement is burdensome.
Kudos to Binance - they seem to scale well, yet I would not discard Bittrex as the top altcoin exchange:
1. Founders and major personnel is publicly known and the exchange is within US jurisdiction
2. The volume is more stable on established coins, opposed to Binance where traders switch from one new coin to another
3. Better liquidity
4. Better on-site charting tools
BTW, if BNB price rises, you pay more $ in fees
$BNB the ONLY coin where you can invest in the exchange. This will be a top coin for chinese/international traders. Eventually it will only be 100M supply.
It is not an inversion on the exchange, just an utility to go to ICOs. It is quite a different thing.
How much is the current price of Binance now? And when this was started ? I was confused with the people around me talking about this coin , looks like its a promising also
At this moment we are trading BNB at around ~$6 (or ~33k sats). You heard right, BNB is definitely a promising token, because it really got a use case, besides of being just a speculative object. You can use BNB to cover your trading fees while trading on Binance, this will reduce your fees by 50%.
I believe this is the reason why BNB has been pumping these past few days. Lots of trades are now taking place on binance and people want to reduce their trading fees. If the price of BNB rises then you will basically be trading on the binance exchange for free!
Maybe someone knows when the withdraw of IOTA on the binance exchage will work again??
I was just asking his opinion, you moron.
Can you do the math by yourself? Multiply circulating supply by coin price and you'll get the market cap. You can factor in token burn, that should cap the supply at ~100 M. Even if Binance burns all scheduled tokens (that won't happen until 2019-2020), a 100$ price would give a 10 bln USD valuation. No rational individual will attempt to compare the valuation of an unregulated exchange of vaporware cryptocurrency, where manipulations - PnD, flash crashes, inside and wash trading, happen daily to the valuation of a legit exchange operator - Intercontinental Exchange (ICE), that operates the world's largest stock exchange - NYSE and 22 other regulated exchanges.FYI, ICE capitalization is ~41 bn USD. A 10 bn USD capitalization for a cryptoexchange shouldn't have a place even in your wet dreams.
Source:
https://www.intercontinentalexchange.com/about
https://finance.yahoo.com/quote/ICE/
i dont agree wholely, the guy insults him in a dumb way, speakin bout rank and such... that is rather dumb tbh.
When I insult someone, I really mean it. And I hate 2 things most on BTT: spammers and useless talk.Look at his posts, most of them are useless posts, the guy is waiting for the next signature bounty to embark - sure, bounty hunters are paid according to forum rank, not post quality. As said above, he could have easily done the calculation by himself before asking.
Do you have a problem with calling the things by their true name?
I want to buy IOTA, Bitfinex is asking a fee to deposit my BTC.
So I found this site to buy IOTA, before depositing my money I just want to confirm this site is legit and I can trust?
please share your trading experience on this site.
thank you.
So I found this site to buy IOTA, before depositing my money I just want to confirm this site is legit and I can trust?
please share your trading experience on this site.
thank you.
Are you kidding me?
It is the best exchange currently out there. Using it for some time and never anticipated any problem and only hear good things about it.
For me, it's new site that's why I asked opinion,
Anyway thanks for your information.
How much is the current price of Binance now? And when this was started ? I was confused with the people around me talking about this coin , looks like its a promising also
At this moment we are trading BNB at around ~$6 (or ~33k sats). You heard right, BNB is definitely a promising token, because it really got a use case, besides of being just a speculative object. You can use BNB to cover your trading fees while trading on Binance, this will reduce your fees by 50%.
How much is the current price of Binance now? And when this was started ? I was confused with the people around me talking about this coin , looks like its a promising also
I have offered binance exchange to one of my friend for buying waves. He bought his waves and he want to send his own wallet to hold it, but withdrawal of waves is suspended more than 36 hours. Binance should solve this withdrawal problem. Thank you
Will it be $100 in 2018?
Yours question is rather dumb related to your forum rank.Are you a spam junkie?
I was just asking his opinion, you moron.
Don't insult each other for nothing.
About 100$ i don't think it is likely without binance burning some of it. Or implementing a little share of the fees on it.
i dont agree wholely, the guy insults him in a dumb way, speakin bout rank and such... that is rather dumb tbh.
Will it be $100 in 2018?
Yours question is rather dumb related to your forum rank.Are you a spam junkie?
I was just asking his opinion, you moron.
Don't insult each other for nothing.
About 100$ i don't think it is likely without binance burning some of it. Or implementing a little share of the fees on it.
I'm not so sure about the BNB coin. On one hand, Binance is literally a few months away from being the biggest exchange by volume, on the other hand we saw volume go up 5x and the coin drop dramatically.
Now it's pumping, but do I buy more?
Now it's pumping, but do I buy more?
You'll be able to buy insured positions for cryptocurrencies soon. Please pass this on! Insure your coins before you spend them...
https://bitcointalksearch.org/topic/m.26589730
https://bitcointalksearch.org/topic/m.26589730
Will it be $100 in 2018?
Yours question is rather dumb related to your forum rank.Are you a spam junkie?
I was just asking his opinion, you moron.
Will it be $100 in 2018?
$100 is too much, the utility people get from it isn't great enough to justify such a cost, think about how big binance is already and assume that the token can only grow in line with the exchange. That would mean it's probably got a limit of about $10.
Will it be $100 in 2018?
Yours question is rather dumb related to your forum rank.Are you a spam junkie?
Will it be $100 in 2018?
We can only hope!
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