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Topic: Binance: $BNB The Future of Exchanges. - page 168. (Read 132064 times)

full member
Activity: 238
Merit: 100
September 25, 2017, 03:44:48 PM
Is BNB also one of the exchanges which get supported by the Chinese regulators? Because I think that has to be really important in order to succeed
newbie
Activity: 9
Merit: 0
September 25, 2017, 03:30:30 PM
Am I the only one that cannot see BNB Coin bouncing back to the ATH? What's the point in Binance when they can't target the millions of users in China?

they can't target them right now. Give it 5 months and we'll be back at the ATH
https://binance.zendesk.com/hc/en-us/articles/115001567991

I thought the same, I can't wait 5 months, so shoot me now.
sr. member
Activity: 644
Merit: 252
IMUSIFY - Award Winning Blockchain Music Tech
September 25, 2017, 03:25:16 PM
Am I the only one that cannot see BNB Coin bouncing back to the ATH? What's the point in Binance when they can't target the millions of users in China?

they can't target them right now. Give it 5 months and we'll be back at the ATH
https://binance.zendesk.com/hc/en-us/articles/115001567991
newbie
Activity: 5
Merit: 0
September 25, 2017, 03:12:51 PM
Am I the only one that cannot see BNB Coin bouncing back to the ATH? What's the point in Binance when they can't target the millions of users in China?
sr. member
Activity: 1022
Merit: 391
September 25, 2017, 02:20:00 PM
That's what I'm trying to explain for weeks here.
It's just news for market manipulation.

China and Asia make the largest volumes on the crypto and there are major exchanges in the world, and bigger bitcoin farms.
They have no interest in stopping the carousel! :-)
full member
Activity: 378
Merit: 102
September 25, 2017, 04:19:10 AM
China can never close the Binance exchange. He has no power over the exchange.
It may prohibit ICO from Chinese citizens, may prevent ICO from exchanging Binance, may prevent Chinese citizens from registering and trading on Binance exchange but can not close the exchange because it has investors from all over the world.

Do not believe everything you read or listen to on TV!
China can arrest Binance admins and remove Binance servers. So, they can completely close Binance.

I think China cannot remove Binance servers in Tokyo. They do not have jurisdiction in a different country. They cannot even prevent trading in HongKong and Macau, let alone go to Japan and remove those servers. The backlash the Chinese government will receive from international investors is huge if they are going to do that.

Yup this. I think they have staff everywhere around the world so even shutting down their China office won't close it.
sr. member
Activity: 378
Merit: 251
September 25, 2017, 02:59:10 AM
China can never close the Binance exchange. He has no power over the exchange.
It may prohibit ICO from Chinese citizens, may prevent ICO from exchanging Binance, may prevent Chinese citizens from registering and trading on Binance exchange but can not close the exchange because it has investors from all over the world.

Do not believe everything you read or listen to on TV!
China can arrest Binance admins and remove Binance servers. So, they can completely close Binance.

I think China cannot remove Binance servers in Tokyo. They do not have jurisdiction in a different country. They cannot even prevent trading in HongKong and Macau, let alone go to Japan and remove those servers. The backlash the Chinese government will receive from international investors is huge if they are going to do that.
sr. member
Activity: 588
Merit: 253
September 24, 2017, 11:21:20 AM
Binance is doing very nice things. Activities such as getting money for the game or competing in the volume.
full member
Activity: 322
Merit: 102
September 24, 2017, 11:12:08 AM

For what reason?
What accusation?
What have the administrators violated?
China can impose severe rules, can eliminate the dollar exchange in Binance exchange, and may prohibit inscription and trading to Chinese citizens, but why stop and close?
It does not make sense and they will not!

I think this situation is temporary, so probably there will be much mor better future waiting for us.
sr. member
Activity: 1022
Merit: 391
September 24, 2017, 10:57:24 AM

For what reason?
What accusation?
What have the administrators violated?
China can impose severe rules, can eliminate the dollar exchange in Binance exchange, and may prohibit inscription and trading to Chinese citizens, but why stop and close?
It does not make sense and they will not!
member
Activity: 98
Merit: 10
🌟 COMSA ICO: 10/02/17 🌟
September 24, 2017, 10:26:43 AM
China can never close the Binance exchange. He has no power over the exchange.
It may prohibit ICO from Chinese citizens, may prevent ICO from exchanging Binance, may prevent Chinese citizens from registering and trading on Binance exchange but can not close the exchange because it has investors from all over the world.

Do not believe everything you read or listen to on TV!
China can arrest Binance admins and remove Binance servers. So, they can completely close Binance.
sr. member
Activity: 1022
Merit: 391
September 24, 2017, 10:21:05 AM
China can never close the Binance exchange. He has no power over the exchange.
It may prohibit ICO from Chinese citizens, may prevent ICO from exchanging Binance, may prevent Chinese citizens from registering and trading on Binance exchange but can not close the exchange because it has investors from all over the world.

Do not believe everything you read or listen to on TV!
full member
Activity: 198
Merit: 100
September 24, 2017, 10:15:41 AM
Has it been decided if BNB will shut down due to china FUD / regulation? or will stay up as is? I saw them on the list of investigated ICOs....

I can't find any info about closing binance, plus they have tons of international clients which makes it difficult for China to completely close them. Maybe they'll just won't allow chinese people to use it
Chinese government start investigation about Binance exchange and ICO.

True, but Binance is international. China can't ban it, it can only prohibit its citizens from using it.

I don't think Binance is international, they're completely Chinese, aren't they?

Thus, a mojar ban will hurt it very much including its investors and traders. It can turn into a dead lock.
sr. member
Activity: 644
Merit: 252
IMUSIFY - Award Winning Blockchain Music Tech
September 24, 2017, 10:06:50 AM
Has it been decided if BNB will shut down due to china FUD / regulation? or will stay up as is? I saw them on the list of investigated ICOs....

I can't find any info about closing binance, plus they have tons of international clients which makes it difficult for China to completely close them. Maybe they'll just won't allow chinese people to use it
Chinese government start investigation about Binance exchange and ICO.

True, but Binance is international. China can't ban it, it can only prohibit its citizens from using it.
member
Activity: 98
Merit: 10
🌟 COMSA ICO: 10/02/17 🌟
September 24, 2017, 09:47:08 AM
Has it been decided if BNB will shut down due to china FUD / regulation? or will stay up as is? I saw them on the list of investigated ICOs....

I can't find any info about closing binance, plus they have tons of international clients which makes it difficult for China to completely close them. Maybe they'll just won't allow chinese people to use it
Chinese government start investigation about Binance exchange and ICO.
sr. member
Activity: 644
Merit: 252
IMUSIFY - Award Winning Blockchain Music Tech
September 24, 2017, 07:29:40 AM
Has it been decided if BNB will shut down due to china FUD / regulation? or will stay up as is? I saw them on the list of investigated ICOs....

I can't find any info about closing binance, plus they have tons of international clients which makes it difficult for China to completely close them. Maybe they'll just won't allow chinese people to use it
legendary
Activity: 1498
Merit: 1000
September 23, 2017, 11:59:15 AM
Has it been decided if BNB will shut down due to china FUD / regulation? or will stay up as is? I saw them on the list of investigated ICOs....
full member
Activity: 840
Merit: 117
September 23, 2017, 11:30:32 AM
what can bnb tokens be used for... apart from fees discount?? How do they derive value??
have you applied for a bittrex listing or any other exchange for bnb??

Binance is a very fast exchange and easy to use, i prefer it to some other exchanges.


Manny users, use it for fast mini trades.

I wondering why the BNB doesn't go up in price, there use low fees but at so many transactions the must be get a lot of revenue.

even there can collect the gas from all the neo deposits. Stratis stacking and more.


i cant see bnb holders get some revenue from the exchange income, i thing exactly this is the problem, no interest rate for bnb
thanks for information.... what you think ...will bnb do something for its value in future?? is it necessary to add in good exchange..??
hero member
Activity: 770
Merit: 509
September 23, 2017, 09:01:59 AM
As of right now, Binance has international customers doing most of the trading. The chinese can just go to Macau or Hong Kong and they will be able to trade. The ban is a region ban I think and not the accounts itself.

I know for a fact that a lot of the Chinese traders are getting back into the market by using VPNs.
I've seen leaked paperwork by the chinese government claiming they will try to crackdown on VPNs too, but this is delusional. There are new VPN providers pretty much daily. They would need endless resources to try to stop it. It's going to be pretty much impossible for them to stop it.

Oh and decentralized exchanges are definitely coming. the first atomic swaps are happening, this will change the game, it will be a mess for authorities trying to stop the free flow between cryptos.
sr. member
Activity: 1022
Merit: 391
September 23, 2017, 08:46:23 AM
Binance currency suffers for several reasons:
1) The whole market is red in these last few weeks, especially the coins that are listed on Binance exchange, such as Neo, Walton, Byton, HShare, OmiseGo, and even Stratis .... were all coins that had grown a lot in the weeks previous, and therefore today they lose more than others.
2) BNB is tied to double wire to exchange binance, along with its coins .... if they also drop the BNB will drop ..... it's almost as if BNB was a sort of index for exchange coins
3) BNB drops for the Chinese FUD on Bitcoin

Again: still a few weeks of suffering and descent, then the whole market will resume strong and BNB and exchange will resume to rise!

IMHO: Get ready for a sharp descent shortly!
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