Binance: $BNB The Future of Exchanges. - page 157.

suncokreten

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Quote from: lokkom on November 04, 2017, 03:20:04 AM

Why is bnb rising? It’s been the most stable coin in the alt market crash.

BNB is immune to the market conditions because it has a use no matter how bad is market performing. What I mean by use is that it reduces the fees for 50%, and trading will occur in both bearish and bullish market, so there' aways demand for it.

When you add this to the fact they are burning 100M (out of 200M tokens) quarterly with 20% of their profits, you can see why price tends to increase all the time.

lokkom

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Why is bnb rising? It’s been the most stable coin in the alt market crash.

karmakeddon

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Quote from: puremage111 on November 03, 2017, 08:52:58 AM

Waoh thanks for the reply!

So it will be consume/pay when trading for fees discount?

Or as long as i hold an amount of Binance coin, i will get the discount in fees permanently?

Thanks

That is correct. Along as you have BNB, you can get 50% off transaction fees whenever you are trading at Binance. That point alone is a good reason to keep holding BNB. And by the way. Good job on releasing an app for Android. Makes it so much easier trading now on the go by just using the app.

hicaribou

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Quote from: Tyr808 on November 03, 2017, 09:16:51 PM

Quote from: hicaribou on November 03, 2017, 11:08:15 AM

Quote from: alan2here on November 03, 2017, 09:24:11 AM

If you accept BNB then you should accept this as a long term investment because BNB is a great and very valuable altcoin in the future. I think people should buy BNB more because the price of BNB is very low

Yeah, i think if binance exchange can have a much larger volume, then many people there will be more interested to use BNB token and the price will be pumped.

I don't think that's related. Binance is already in the podium of the best exchanges out there, and nobody would argue with that.. some even prefer it to bittrex (which doesn't really lists many coins anymore, and has had bad media coverage around the frozen accounts issue), and most would agree that it is the most trending platform at the moment.
The problem of BNB is all about the actual use of the token. As it is now, most think it's just a way for binance to raise some extra funds because other than voting for the coin of the months there's no point in holding tokens.

Why its not related? I have never used BNB token before, but a guy above said that its for 50% trading fees discount.
If the volume getting bigger, then it means there are so many big transactions there, then the 50% discount fees will be more valuable
The demand will increase as well as the price.

Kyraishi

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Activity: 952

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Quote from: coininvesting1 on August 11, 2017, 01:27:45 PM

$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 will definitely depend on how well the exchange performs. Since this coin is only good for when the actual exchange is attracting customers on a large scale, it has to do with how well they market their product and manage the system.

Also by buying this coin you're essentially betting against all the decentralized exchanges like XCP or BTS or even NXT.

But in the short term, if chinese investors do move to binance more, then i can see the price going up.

Tyr808

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Activity: 607

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06/19/11 17:51 Bought BTC 259684.77 for 0.0101

Quote from: hicaribou on November 03, 2017, 11:08:15 AM

Quote from: alan2here on November 03, 2017, 09:24:11 AM

If you accept BNB then you should accept this as a long term investment because BNB is a great and very valuable altcoin in the future. I think people should buy BNB more because the price of BNB is very low

Yeah, i think if binance exchange can have a much larger volume, then many people there will be more interested to use BNB token and the price will be pumped.

I don't think that's related. Binance is already in the podium of the best exchanges out there, and nobody would argue with that.. some even prefer it to bittrex (which doesn't really lists many coins anymore, and has had bad media coverage around the frozen accounts issue), and most would agree that it is the most trending platform at the moment.
The problem of BNB is all about the actual use of the token. As it is now, most think it's just a way for binance to raise some extra funds because other than voting for the coin of the months there's no point in holding tokens.

hicaribou

hero member

Activity: 815

Merit: 502

Quote from: alan2here on November 03, 2017, 09:24:11 AM

If you accept BNB then you should accept this as a long term investment because BNB is a great and very valuable altcoin in the future. I think people should buy BNB more because the price of BNB is very low

Yeah, i think if binance exchange can have a much larger volume, then many people there will be more interested to use BNB token and the price will be pumped.

Tyr808

sr. member

Activity: 607

Merit: 278

06/19/11 17:51 Bought BTC 259684.77 for 0.0101

Quote from: ChiNgadOr on November 03, 2017, 03:20:01 AM

Quote from: Tyr808 on November 03, 2017, 02:16:30 AM

I am losing some money on my bnb investment but don't want to sell now. Are there any plans to increase the bnb fee for the coin of the month votations? That would increase the token price massively.....

one of my biggest mistake as newbie was buying BNB at ATH.. really ATH!!! 2,91$ so i am also loosing a big amount. Anyway, i am not much worried because i really have faith it will grow again and surpass this mark by far. In my opinion is the best exchange right now. I prefer it a lot more than Bittrex or Polo!

Oh crap, sorry to hear, that was really ATH and not sure it will ever get back to those levels even after the btc fork! I also quite like binance.. definitely much better than poloniex, and easy to use with also a good compromise of quantity and quality of coins. The problem with the bnb token is that it is not intrinsically linked in terms of value to the exchange but rather to its very limited use.. but this could also change in the future (..devs?).

alan2here

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WorkAsPro

If you accept BNB then you should accept this as a long term investment because BNB is a great and very valuable altcoin in the future. I think people should buy BNB more because the price of BNB is very low

puremage111

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Activity: 1568

Merit: 511

Quote from: ChiNgadOr on November 03, 2017, 03:18:13 AM

Quote from: hicaribou on November 03, 2017, 12:56:38 AM

Quote from: puremage111 on November 03, 2017, 12:35:59 AM

Hello just to check out,

Aside from having Fees discount by using the BNB coins.

Is there any other benefit for holding it?

Thanks!

Hello, i just found this exchange and about to ask the value of BNB token.
That fees discount is for inside trade or withdrawal?

the 50% fee discount is only for tradding.

Waoh thanks for the reply!

So it will be consume/pay when trading for fees discount?

Or as long as i hold an amount of Binance coin, i will get the discount in fees permanently?

Thanks

vlad06

sr. member

Activity: 537

Merit: 250

I regret it too. Waiting on it to get to the ATH again and I will dump.

MiddleFingerToTheMan

newbie

Activity: 37

Merit: 0

I own bnb but regret buying it. I think Binance is a fantastic exchange, however people have assumed (as I did) that value of the coin is proportional to success of the exchange. This absolutely is not the case with bnb coin. It is a classic example of an unnecessary coin that was "tacked on" just to raise funds. In fact the exact supposed use case of bnb would make it a terrible investment (high velocity coin being rapidly turned over to pay fees)

ChiNgadOr

sr. member

Activity: 1680

Merit: 278

Quote from: Tyr808 on November 03, 2017, 02:16:30 AM

I am losing some money on my bnb investment but don't want to sell now. Are there any plans to increase the bnb fee for the coin of the month votations? That would increase the token price massively.....

one of my biggest mistake as newbie was buying BNB at ATH.. really ATH!!! 2,91$ so i am also loosing a big amount. Anyway, i am not much worried because i really have faith it will grow again and surpass this mark by far. In my opinion is the best exchange right now. I prefer it a lot more than Bittrex or Polo!

ChiNgadOr

sr. member

Activity: 1680

Merit: 278

Quote from: hicaribou on November 03, 2017, 12:56:38 AM

Quote from: puremage111 on November 03, 2017, 12:35:59 AM

Hello just to check out,

Aside from having Fees discount by using the BNB coins.

Is there any other benefit for holding it?

Thanks!

Hello, i just found this exchange and about to ask the value of BNB token.
That fees discount is for inside trade or withdrawal?

the 50% fee discount is only for tradding.

Tyr808

sr. member

Activity: 607

Merit: 278

06/19/11 17:51 Bought BTC 259684.77 for 0.0101

I am losing some money on my bnb investment but don't want to sell now. Are there any plans to increase the bnb fee for the coin of the month votations? That would increase the token price massively.....

hicaribou

hero member

Activity: 815

Merit: 502

Quote from: puremage111 on November 03, 2017, 12:35:59 AM

Hello just to check out,

Aside from having Fees discount by using the BNB coins.

Is there any other benefit for holding it?

Thanks!

Hello, i just found this exchange and about to ask the value of BNB token.
That fees discount is for inside trade or withdrawal?

puremage111

hero member

Activity: 1568

Merit: 511

Hello just to check out,

Aside from having Fees discount by using the BNB coins.

Is there any other benefit for holding it?

Thanks!

sharkvn

member

Activity: 62

Merit: 10

Binance is a very good trading platform. Its volume is more than polo, bittrex. However, the number of coins listed on Binance is still low. In the future, if more coins are listed on this floor, it may replace Poloniex and Bittrex.

trunghieu250688

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Any bounty for signature or social ads?

Gaius Cryptus Tradius

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Hoqu.io – Decentralized Affiliate platform

I think it is a good step into a new direction in which exchanges are simply a marketplace and not a way to make money for the people building them. Main point should be the users focus

Topic: Binance: $BNB The Future of Exchanges. - page 157. (Read 132065 times)