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Topic: Binance: $BNB The Future of Exchanges. - page 145. (Read 132065 times)

legendary
Activity: 1764
Merit: 1012
December 13, 2017, 01:17:58 PM
I love binance fork policy.

They are giving you forks how shitty it is but they are not listing all.

You can withdraw them wherever you want.
full member
Activity: 238
Merit: 100
December 13, 2017, 01:09:05 PM
I woke up this morning to find over 8000 BCX had appeared in my Binance account, have I missed another Bitcoin fork - I'm starting to lose count.

Am I right in thinking this is what it is https://bcx.org/ ?

EDIT: Binance has now also given out Super Bitcoin (SBTC) to Bitcoin holders on a 1:1 rate.
Yes, BCX is Bitcoin X, 1:10 rate.
All the upcoming forks are announced by Chinese and this bothers me - the greedy scammers launch worthless copies of Bitcoin, to implement shady premines and steal your Bitcoin private keys.
Technically, Binance is doing a favor its customers for crediting them futures for the fork. Ethically, it stays in the same line of fraudulent and manipulative techniques Binance applies from early months.
Yeah, those forks would cost literally nothing if not for the exchanges endorsement.
hero member
Activity: 1088
Merit: 531
Free Crypto in Stake.com Telegram t.me/StakeCasino
December 13, 2017, 12:47:01 PM
I woke up this morning to find over 8000 BCX had appeared in my Binance account, have I missed another Bitcoin fork - I'm starting to lose count.

Am I right in thinking this is what it is https://bcx.org/ ?

EDIT: Binance has now also given out Super Bitcoin (SBTC) to Bitcoin holders on a 1:1 rate.
Yes, BCX is Bitcoin X, 1:10 rate.
All the upcoming forks are announced by Chinese and this bothers me - the greedy scammers launch worthless copies of Bitcoin, to implement shady premines and steal your Bitcoin private keys.
Technically, Binance is doing a favor its customers for crediting them futures for the fork. Ethically, it stays in the same line of fraudulent and manipulative techniques Binance applies from early months.

1 BTC:10000 BCX is the ration for BCX fork.*

Well, all I know is that they cannot steal your BTC keys, you are only importing the keys into their forked wallet and you get the coins, but you need to stop using the old private keys on the Bitcoin mainnet (security reasons).

But, I agree that the shady premines and unfinished forks are looking like greedy cash grabs by the Chinese forkers..anyone buying the forked coins is just plain stupid, just dump it on the market.
full member
Activity: 281
Merit: 100
December 13, 2017, 11:34:50 AM
I woke up this morning to find over 8000 BCX had appeared in my Binance account, have I missed another Bitcoin fork - I'm starting to lose count.

Am I right in thinking this is what it is https://bcx.org/ ?

EDIT: Binance has now also given out Super Bitcoin (SBTC) to Bitcoin holders on a 1:1 rate.
Yes, BCX is Bitcoin X, 1:10 rate.
All the upcoming forks are announced by Chinese and this bothers me - the greedy scammers launch worthless copies of Bitcoin, to implement shady premines and steal your Bitcoin private keys.
Technically, Binance is doing a favor its customers for crediting them futures for the fork. Ethically, it stays in the same line of fraudulent and manipulative techniques Binance applies from early months.
sr. member
Activity: 574
Merit: 261
December 13, 2017, 07:15:56 AM
I woke up this morning to find over 8000 BCX had appeared in my Binance account, have I missed another Bitcoin fork - I'm starting to lose count.

Am I right in thinking this is what it is https://bcx.org/ ?

EDIT: Binance has now also given out Super Bitcoin (SBTC) to Bitcoin holders on a 1:1 rate.
full member
Activity: 322
Merit: 102
December 13, 2017, 07:09:12 AM
what is the main fuction of BNB? Just token for getting free airdrops from the exchange? What is the usecase here? I would be appreciated if someone explained in datails

The main usecase of BNB is paying the trading fees with it. When using BNB there is a 50% discount on the trading fees. Thats what makes BNB a great token, because unlike others it is a token with real use case!

And also these BNB tokens are burned every quarter so as the volume decreases the value and price increases Grin A great idea from the binance team, as the exchange grows so will the pump for BNB! 2018 will be a good year for BNB

I agree, it's great idea. And volume of Binance growing so fast also user and token base.
full member
Activity: 238
Merit: 100
December 12, 2017, 02:29:51 PM
what is the main fuction of BNB? Just token for getting free airdrops from the exchange? What is the usecase here? I would be appreciated if someone explained in datails

The main usecase of BNB is paying the trading fees with it. When using BNB there is a 50% discount on the trading fees. Thats what makes BNB a great token, because unlike others it is a token with real use case!

And also these BNB tokens are burned every quarter so as the volume decreases the value and price increases Grin A great idea from the binance team, as the exchange grows so will the pump for BNB! 2018 will be a good year for BNB
Yeah, it's less explosive then some other coiuns but I expect a pretty big growth over time.
full member
Activity: 238
Merit: 100
December 12, 2017, 02:27:47 PM
The addition of the stop loss has made me take another look at BNB. This is a must have feature for any serious trader. For those that are trading without it.. How do you go to sleep at night knowing that you could wake up and have your position down 25% ?

If they will only add margin trading now..

Actually, I guess most people in crypto are not day trading, so they just hold through the swings because they are used to see their positions rise or drop every other day for about 20% or more. At least for me its no problem to go to sleep knowing that this will happen Cheesy
sr. member
Activity: 322
Merit: 250
December 12, 2017, 02:10:31 PM
The addition of the stop loss has made me take another look at BNB. This is a must have feature for any serious trader. For those that are trading without it.. How do you go to sleep at night knowing that you could wake up and have your position down 25% ?

If they will only add margin trading now..
legendary
Activity: 1764
Merit: 1012
December 12, 2017, 01:55:49 PM
what is the main fuction of BNB? Just token for getting free airdrops from the exchange? What is the usecase here? I would be appreciated if someone explained in datails

The main usecase of BNB is paying the trading fees with it. When using BNB there is a 50% discount on the trading fees. Thats what makes BNB a great token, because unlike others it is a token with real use case!

And also these BNB tokens are burned every quarter so as the volume decreases the value and price increases Grin A great idea from the binance team, as the exchange grows so will the pump for BNB! 2018 will be a good year for BNB

I have some referrals using BNB for their trades. I am getting some bnb from them and using on my trades.

At the end i'm paying nothing for trading on Binance. Really love their marketing system Smiley
full member
Activity: 728
Merit: 103
December 12, 2017, 01:34:20 PM
what is the main fuction of BNB? Just token for getting free airdrops from the exchange? What is the usecase here? I would be appreciated if someone explained in datails

The main usecase of BNB is paying the trading fees with it. When using BNB there is a 50% discount on the trading fees. Thats what makes BNB a great token, because unlike others it is a token with real use case!

And also these BNB tokens are burned every quarter so as the volume decreases the value and price increases Grin A great idea from the binance team, as the exchange grows so will the pump for BNB! 2018 will be a good year for BNB
full member
Activity: 238
Merit: 100
December 12, 2017, 01:04:46 PM
By oldschool way of trading you mean what exactly? Working with limit orders that you set manually when your instinct tells you that its the right time to set them? Dont really know what to understand under oldschool trading. Thanks in advance for the explanation!

I don't know what you are asking?

He just doesn't use analytics or stop/loss and acting his own thoughts and insights. I am doing like it but failing constantly Smiley

I was asking what he means by oldschool trading.
So basically you mean only trading with limit orders dependant on thoughts where the market will be heading. Just like most people do their trades.
legendary
Activity: 1764
Merit: 1012
December 12, 2017, 12:41:11 PM
By oldschool way of trading you mean what exactly? Working with limit orders that you set manually when your instinct tells you that its the right time to set them? Dont really know what to understand under oldschool trading. Thanks in advance for the explanation!

I don't know what you are asking?

He just doesn't use analytics or stop/loss and acting his own thoughts and insights. I am doing like it but failing constantly Smiley
full member
Activity: 238
Merit: 100
December 12, 2017, 12:30:30 PM
By oldschool way of trading you mean what exactly? Working with limit orders that you set manually when your instinct tells you that its the right time to set them? Dont really know what to understand under oldschool trading. Thanks in advance for the explanation!
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
December 12, 2017, 10:54:42 AM
Binance has introduced Stop Limit trading to there exchange. I have never used Stop Limit trading but I'm sure there are those of you who find it useful.
I never really understood Stop Limit and Binances exlaination of what it is made it even less clear.

https://support.binance.com/hc/en-us/articles/115003373092-Binance-Adds-Stop-Limit-Function


It is more for traders who use analytics.

For me, I use only my insights for trading so can't use stop-loss. Don't know how to set my stop-loss number. But of course, it will even bring more user to binance.

I also don't use it but I think it'll attract some users who use that stop-loss feature.
its better to use your instinct and skills that relying on such sites
.binance has many followers and lotsbof users use it for trading but not me.
i still believe in oldschool way of trading .more reliable and more convenient
for me.
full member
Activity: 322
Merit: 102
December 12, 2017, 10:31:42 AM
Binance has introduced Stop Limit trading to there exchange. I have never used Stop Limit trading but I'm sure there are those of you who find it useful.
I never really understood Stop Limit and Binances exlaination of what it is made it even less clear.

https://support.binance.com/hc/en-us/articles/115003373092-Binance-Adds-Stop-Limit-Function


It is more for traders who use analytics.

For me, I use only my insights for trading so can't use stop-loss. Don't know how to set my stop-loss number. But of course, it will even bring more user to binance.

I also don't use it but I think it'll attract some users who use that stop-loss feature.
legendary
Activity: 1764
Merit: 1012
December 12, 2017, 08:20:50 AM
Binance has introduced Stop Limit trading to there exchange. I have never used Stop Limit trading but I'm sure there are those of you who find it useful.
I never really understood Stop Limit and Binances exlaination of what it is made it even less clear.

https://support.binance.com/hc/en-us/articles/115003373092-Binance-Adds-Stop-Limit-Function


It is more for traders who use analytics.

For me, I use only my insights for trading so can't use stop-loss. Don't know how to set my stop-loss number. But of course, it will even bring more user to binance.
sr. member
Activity: 574
Merit: 261
December 12, 2017, 07:08:10 AM
Binance has introduced Stop Limit trading to there exchange. I have never used Stop Limit trading but I'm sure there are those of you who find it useful.
I never really understood Stop Limit and Binances exlaination of what it is made it even less clear.

https://support.binance.com/hc/en-us/articles/115003373092-Binance-Adds-Stop-Limit-Function
sr. member
Activity: 1414
Merit: 487
YouTube.com/VoskCoin
December 11, 2017, 11:17:31 PM
Hey guys put together a video featuring Binance, hope it helps someone get into using my favorite exchange right now Cheesy

https://www.youtube.com/watch?v=l98sKYDcfdM
member
Activity: 108
Merit: 10
December 11, 2017, 08:47:09 PM
Can someone explain in what way Binance could become decentralised? I mean, an exchange will always need a team to run and manage it. How could it be fully decentralised?
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