Binance: $BNB The Future of Exchanges. - page 180.

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!

vilns

newbie

Activity: 35

Merit: 0

Cool, just not only recovered all losses but get profit from BNB going from 16k to 25k, today will be crazy day for BNB, As always keep some bunch of them for future.

Bonanzacoin

full member

Activity: 308

Merit: 102

Might actually be a good thing this, i guess many early adopters now sold. So the bottom might get even more stable now. Every new register pretty much buys BNB. Thats the logic behind why we invested in this seeing the price can only go up. As a noob i lovely bought in at 2.71 for a couple thousand.. Undecided

Ive learned my lesson well, i got no money left to buy more now... Sad

rowenta01

sr. member

Activity: 1216

Merit: 333

Today the course has collapsed because of the FUD on the ICO ..

But I'm confident about its potential.

burdeN

sr. member

Activity: 364

Merit: 255

Man, so happy that I sold around 2$ despite a little loss

newcoin01

full member

Activity: 322

Merit: 102

Quote from: Delicat on September 04, 2017, 02:22:10 AM

too many uncertainty with China regulation right now, the best way is to wait until the cloud is clear. Unless you want to bet on the result.

Yeah, especially regulations on icos is talked seriously these days. Hope it won't hurt the market.

vilns

newbie

Activity: 35

Merit: 0

This one was damn well organized dump Grin

http://i66.tinypic.com/33mbczd.png

Delicat

full member

Activity: 140

Merit: 100

too many uncertainty with China regulation right now, the best way is to wait until the cloud is clear. Unless you want to bet on the result.

ManuBBXX

full member

Activity: 839

Merit: 100

Any possible pump soon ?
Can't decide if I should invest or not at this good price. Maybe the dip will continue..

Analogplutonium

full member

Activity: 126

Merit: 100

They seem to be suspending ICOs for a while. Problems with chinese regulations?

vilns

newbie

Activity: 35

Merit: 0

Quote from: lokkom on September 04, 2017, 01:07:03 AM

BNB hit its lowest dip. Buy now, or regret not doubling your money.

Oh no, missed 23k dip Sad

Got bunch at 27k and hope for double, but at 23 it can be tripple some time.

lokkom

full member

Activity: 224

Merit: 100

BNB hit its lowest dip. Buy now, or regret not doubling your money.

Bonanzacoin

full member

Activity: 308

Merit: 102

Ugh... cut the bullshit, tx.

newcoin01

full member

Activity: 322

Merit: 102

Quote from: CrowdFunder on September 03, 2017, 12:49:35 PM

Binance is a great exchange, supported by a great ceo with many good ideas for binance coin. In fact even with the current chinese bad news and the bnb retrace down, It's still a more than x10 coin in terms of satoshi so far.

Opportunities are here, and I already took the opportunities to buy back some Wink

)

I also find Biannce good. Cool interface with experienced team. Also I like their token strategy.

Topic: Binance: $BNB The Future of Exchanges. - page 180. (Read 132065 times)