Binance: $BNB The Future of Exchanges. - page 179.

bmike

newbie

Activity: 82

Merit: 0

Quote from: Bonanzacoin on September 04, 2017, 08:45:49 AM

News from Binance':

China PBoC Update

Avatar Binance
a few seconds ago Updated
Hi Everyone,

Regarding the recent announcement from China's PBoC banning all ICOs, we are working around the clock on a solution that will fully satisfy the new regulations in China, while preserving and enhancing features that are valuable to our western community, which accounts for more than 81% of our user base. We will share more details as they become available. Please be patient as we work through this process.

Thank you for your support!

Maybe they somehow want to keep ICO for residents of other countries?

wasif11

member

Activity: 84

Merit: 10

I don't want to be pessimistic but there is no way to tell if we have reached the bottom yet.
People were saying we hit the bottom when we were $1+.
Pretty sure people put sell orders in at around the $1 mark so when it reached that point, it dropped significantly.
I suggest the best thing to do is to ride the train because we could get a lot lower before it goes higher.

yorklab

full member

Activity: 223

Merit: 105

Utrum OOT

If the Chinese exchanges have to take all the Chinese ICOs off, then what's left will do really well after everything settles down. They have to put their money somewhere.

NaXxow

legendary

Activity: 1085

Merit: 1000

ALT Add: APfc4bykKHxYSVkvzsLdQvmiTXvTgMiCRM

funny thing is, chinese market really dominates crypto. I am not complaining though, I just see this red signal as opportunity. ICOs will be regulated, and coins that has been disregarded because of new emerging coins will going to have a comeback.

Bonanzacoin

full member

Activity: 308

Merit: 102

News from Binance':

China PBoC Update

Avatar Binance
a few seconds ago Updated
Hi Everyone,

Regarding the recent announcement from China's PBoC banning all ICOs, we are working around the clock on a solution that will fully satisfy the new regulations in China, while preserving and enhancing features that are valuable to our western community, which accounts for more than 81% of our user base. We will share more details as they become available. Please be patient as we work through this process.

Thank you for your support!

TobyTheCat

member

Activity: 173

Merit: 12

Hopefully soon, but with the news out of China, not today or this week.

vlad06

sr. member

Activity: 537

Merit: 250

Jesus Christ will Binance bounce back?

bmike

newbie

Activity: 82

Merit: 0

Quote from: Bonanzacoin on September 04, 2017, 06:10:10 AM

Sell:

126   0.02646000
0.00020999   72,398   15.20285602
0.00020500   44   0.00902000
0.00020001   500   0.10000500
0.00020000   101,030   20.20600000
0.00019999   1,660   0.33198340
0.00019990   508   0.10154920
0.00019285   358   0.06904030
0.00019272   45,303   8.73079416
0.00019250   4,260   0.82005000

Look closely!
They cancel their orders, just create a panic to buy even cheaper

Benezim

full member

Activity: 420

Merit: 142

Oh, my bad. You got me on that one

bmike

newbie

Activity: 82

Merit: 0

Quote from: Benezim on September 04, 2017, 06:07:53 AM

Oh, and for the record. They offer USD crypto pairs (BTC and ETH)

Wink

USD or USDT ? USDT - cryptocurrency too

Bonanzacoin

full member

Activity: 308

Merit: 102

Sell:

126   0.02646000
0.00020999   72,398   15.20285602
0.00020500   44   0.00902000
0.00020001   500   0.10000500
0.00020000   101,030   20.20600000
0.00019999   1,660   0.33198340
0.00019990   508   0.10154920
0.00019285   358   0.06904030
0.00019272   45,303   8.73079416
0.00019250   4,260   0.82005000

Bonanzacoin

full member

Activity: 308

Merit: 102

The fact they dont trade in fiat might actually be a chance for them at this point where Chinese cant trade on other exchanges they can still do on Binance. To look at it from a positive pov. Cry

Benezim

full member

Activity: 420

Merit: 142

Oh, and for the record. They offer USD crypto pairs (BTC and ETH)

Wink

Benezim

full member

Activity: 420

Merit: 142

Quote from: bmike on September 04, 2017, 05:49:05 AM

Binance does not change currency-to-"cryptocurrency", they only offered exchange cryptocurrency-to-cryptocurrency . Since this is not considered as a currency - not so bad . I do not think that much will change for Binance, it's just a temporary panic, and a good chance to buy at a lower price

And still their entire business model was heavily focusing on introducing Chinese coins to the market. The coin offering of the big coins is fairly limited as of now. They probably have to change their focus now if they want to survive.

mhossen

newbie

Activity: 8

Merit: 0

don't have money left to buy more. Binance doesn't deal with fiat....Seems a temporary dip for BNB which rose several hundred percent in two weeks

lissics

member

Activity: 73

Merit: 10

Binance - The past of exchanges

bmike

newbie

Activity: 82

Merit: 0

Quote from: Benezim on September 04, 2017, 05:39:56 AM

from this thread

https://bitcointalk.org/index.php?topic=2148605.20

1. ICOs = illegal fundraising. Bitcoin and Ethereum are not currencies and should not be used as currencies in transactions.
2. No organizations and individuals are allowed to start ICOs, and ongoing ICOs should stop immediately with investments send back to investors.
3. (Important) No cryptocurrency exchanges are allowed to offer currency-to-"cryptocurrency" exchange any longer, a.k.a. e.g. no CNY-to-Bitcoin or Bitcoin-to-CNY exchange allowed.
4. Financial institutes that are not banks must not offer any related services.
5. Investors into ICOs must take full responsibility into their actions (that is to say, if you lose your assets through such "investment", no laws would protect you)
6. blah...

If #3 is correctly translated and true, this will be a huge blow for Binance. Not only the BNB token, but also Binance as a token exchange

Binance does not change currency-to-"cryptocurrency", they only offered exchange cryptocurrency-to-cryptocurrency . Since this is not considered as a currency - not so bad . I do not think that much will change for Binance, it's just a temporary panic, and a good chance to buy at a lower price

Benezim

full member

Activity: 420

Merit: 142

from this thread

https://bitcointalk.org/index.php?topic=2148605.20

1. ICOs = illegal fundraising. Bitcoin and Ethereum are not currencies and should not be used as currencies in transactions.
2. No organizations and individuals are allowed to start ICOs, and ongoing ICOs should stop immediately with investments send back to investors.
3. (Important) No cryptocurrency exchanges are allowed to offer currency-to-"cryptocurrency" exchange any longer, a.k.a. e.g. no CNY-to-Bitcoin or Bitcoin-to-CNY exchange allowed.
4. Financial institutes that are not banks must not offer any related services.
5. Investors into ICOs must take full responsibility into their actions (that is to say, if you lose your assets through such "investment", no laws would protect you)
6. blah...

If #3 is correctly translated and true, this will be a huge blow for Binance. Not only the BNB token, but also Binance as a token exchange

mhossen

newbie

Activity: 8

Merit: 0

CZ wrote on reddit:
"First, we, the team, has not sold a single BNB coin. You can check this easily on Etherscan. The BNB contract address is: https://etherscan.io/address/0xB8c77482e45F1F44dE1745F52C74426C631bDD52 From there, you can find the contract creator's address: https://etherscan.io/address/0x00c5e04176d95a286fcce0e68c683ca0bfec8454"
A user commented:
"Everyone think how rare it is for a company to finish ico and never have sold a single coin so far. That is pretty rare and shows how much they think the company will grow into!! Proof is there!"
This is one of the most transparent projects run by a promising team. Still, I don't understand why price falling....

CZ's post on reddit
https://www.reddit.com/r/binance/comments/6w1xcm/binance_bnb_coin_value_analysis/dm6eibp/

InShadesOfBlue

newbie

Activity: 56

Merit: 0

BNB is 90 freakin' cents!!! I have seen it at $2.5 just days ago and then they got massive VC funding after that

I think it's low today because of the "dump" that's happening everywhere.

I can't believe BNB won't get bigger! It's backed by a full damn exchange - that is the epitome of security. They show the BNB/BTC rate as their first rate on the site, they use BNB for their fees, they promote it every opportunity they get (50% discount on fees etc)

I just transferred my entire portfolio on Binance ($200 or so) to BNB. Let's see!

Topic: Binance: $BNB The Future of Exchanges. - page 179. (Read 132131 times)