Binance: $BNB The Future of Exchanges. - page 194.

elektibi75

sr. member

Activity: 326

Merit: 250

Quote from: vlad06 on August 16, 2017, 09:25:05 AM

Quote from: elektibi75 on August 16, 2017, 09:19:13 AM

Quote from: Herman Hesse on August 16, 2017, 07:03:57 AM

Quote from: elektibi75 on August 16, 2017, 06:49:09 AM

Quote from: Herman Hesse on August 16, 2017, 06:39:42 AM

BNB is one of the safest bets in crypto now.. The Binance exchange will become one of top 3 exchanges.. regarding the price rise of BNB, after we have seen such jump in one day, from 14.000 to 33.000 sat in one day, and this understandable (and desirable) correction to area 25.000-29.000 sat that we have now, we can expect progress at the rate of cca 20-30 % per week, till the price of 3-4 $.

If you are looking a coin for 10x in short time, it is too late, it is already up 4x...so look further. But if you look for something safer (if there is something safe in crypto at all), and moderate with decent % of earning, you can buy it now..it is not too late for that.

Can you explain what exactly BNB token does and why the exchange need it? I am looking at it but tbh I don't understand what isthe value of the BNB token...

BNB is used to pay fees on exchange with discount. To make the long story short.. the price of BNB will reflect (and follow) the strength and importance of Binance exchange. And since the Binance exchange is at its infancy, and significant growth is predicted for it (in my opinion, it will overtake large numer of clients/traders not only from Asia, but also the old clients from Poloniex, for example, because of Polo problems...), so should the price of BNB rise along and in correlation with it.

ah, OK. So, basically, the larger Binance exchange becomes the more expensive BNB gets. But dose Binance exchange have some edge over other exchanges people already used to? I think they must attract more projects/tokens, especially ones that are in ICO stage now.

It has an advantage over Polo: it isn't a fucked up rigged system with zero staff and a 365 turnaround time on support tickets.

Anything has advantage over Polo crap, lol. I never used it, although I do have account with them. Why people use Polo is beyond me. It's terrible.

vlad06

sr. member

Activity: 537

Merit: 250

Quote from: elektibi75 on August 16, 2017, 09:19:13 AM

Quote from: Herman Hesse on August 16, 2017, 07:03:57 AM

Quote from: elektibi75 on August 16, 2017, 06:49:09 AM

Quote from: Herman Hesse on August 16, 2017, 06:39:42 AM

BNB is one of the safest bets in crypto now.. The Binance exchange will become one of top 3 exchanges.. regarding the price rise of BNB, after we have seen such jump in one day, from 14.000 to 33.000 sat in one day, and this understandable (and desirable) correction to area 25.000-29.000 sat that we have now, we can expect progress at the rate of cca 20-30 % per week, till the price of 3-4 $.

If you are looking a coin for 10x in short time, it is too late, it is already up 4x...so look further. But if you look for something safer (if there is something safe in crypto at all), and moderate with decent % of earning, you can buy it now..it is not too late for that.

Can you explain what exactly BNB token does and why the exchange need it? I am looking at it but tbh I don't understand what isthe value of the BNB token...

BNB is used to pay fees on exchange with discount. To make the long story short.. the price of BNB will reflect (and follow) the strength and importance of Binance exchange. And since the Binance exchange is at its infancy, and significant growth is predicted for it (in my opinion, it will overtake large numer of clients/traders not only from Asia, but also the old clients from Poloniex, for example, because of Polo problems...), so should the price of BNB rise along and in correlation with it.

ah, OK. So, basically, the larger Binance exchange becomes the more expensive BNB gets. But dose Binance exchange have some edge over other exchanges people already used to? I think they must attract more projects/tokens, especially ones that are in ICO stage now.

It has an advantage over Polo: it isn't a fucked up rigged system with zero staff and a 365 turnaround time on support tickets.

leea-1334

hero member

Activity: 2352

Merit: 953

Temporary forum vacation

Honestly, the more exchanges out there, the better for everyone. Spread the volume around, and give better options and let traders spread their bankrolls around. This maybe reduces risk of MtGox and force the bigger exchanges to finally improve on their very crappy customer service. Win-win situation.

elektibi75

sr. member

Activity: 326

Merit: 250

Quote from: Herman Hesse on August 16, 2017, 07:03:57 AM

Quote from: elektibi75 on August 16, 2017, 06:49:09 AM

Quote from: Herman Hesse on August 16, 2017, 06:39:42 AM

BNB is one of the safest bets in crypto now.. The Binance exchange will become one of top 3 exchanges.. regarding the price rise of BNB, after we have seen such jump in one day, from 14.000 to 33.000 sat in one day, and this understandable (and desirable) correction to area 25.000-29.000 sat that we have now, we can expect progress at the rate of cca 20-30 % per week, till the price of 3-4 $.

If you are looking a coin for 10x in short time, it is too late, it is already up 4x...so look further. But if you look for something safer (if there is something safe in crypto at all), and moderate with decent % of earning, you can buy it now..it is not too late for that.

Can you explain what exactly BNB token does and why the exchange need it? I am looking at it but tbh I don't understand what isthe value of the BNB token...

BNB is used to pay fees on exchange with discount. To make the long story short.. the price of BNB will reflect (and follow) the strength and importance of Binance exchange. And since the Binance exchange is at its infancy, and significant growth is predicted for it (in my opinion, it will overtake large numer of clients/traders not only from Asia, but also the old clients from Poloniex, for example, because of Polo problems...), so should the price of BNB rise along and in correlation with it.

ah, OK. So, basically, the larger Binance exchange becomes the more expensive BNB gets. But dose Binance exchange have some edge over other exchanges people already used to? I think they must attract more projects/tokens, especially ones that are in ICO stage now.

zidane

hero member

Activity: 938

Merit: 517

A next good chance to get quick x5 might be IFT

https://coinmarketcap.com/assets/investfeed/#markets

they are launching next days

lokinator

full member

Activity: 266

Merit: 100

Quote from: Herman Hesse on August 16, 2017, 08:32:34 AM

Quote from: lokinator on August 16, 2017, 07:57:42 AM

Quote from: Herman Hesse on August 16, 2017, 07:03:57 AM

Quote from: elektibi75 on August 16, 2017, 06:49:09 AM

Quote from: Herman Hesse on August 16, 2017, 06:39:42 AM

BNB is one of the safest bets in crypto now.. The Binance exchange will become one of top 3 exchanges.. regarding the price rise of BNB, after we have seen such jump in one day, from 14.000 to 33.000 sat in one day, and this understandable (and desirable) correction to area 25.000-29.000 sat that we have now, we can expect progress at the rate of cca 20-30 % per week, till the price of 3-4 $.

If you are looking a coin for 10x in short time, it is too late, it is already up 4x...so look further. But if you look for something safer (if there is something safe in crypto at all), and moderate with decent % of earning, you can buy it now..it is not too late for that.

Can you explain what exactly BNB token does and why the exchange need it? I am looking at it but tbh I don't understand what isthe value of the BNB token...

BNB is used to pay fees on exchange with discount. To make the long story short.. the price of BNB will reflect (and follow) the strength and importance of Binance exchange. And since the Binance exchange is at its infancy, and significant growth is predicted for it (in my opinion, it will overtake large numer of clients/traders not only from Asia, but also the old clients from Poloniex, for example, because of Polo problems...), so should the price of BNB rise along and in correlation with it.

In other words -- It adds another form of currency and additional things to worry about when trading? Do we not have enough exchanges already? Why would I buy into a new one that is also trying to market it's own crypto? Makes no sense to me.

It is not currency, it is asset, important difference. It's purpose is not paying, like at Bitcoin, Litecoin, etc..
Regarding the question do we have enough exchanges already - welcome to free market.
(bso you culd ask, why do we need new car producer, Tesla, when we already have 100 "old" car producers?)
It can be 1000 exchanges, I do not mind. Personally, I have most confidence in Bittrex, and much more confidence in Binance than in Poloniex.

Additionally, I will day trade a lot on Binance, and could use 50 % discount on fees..

Except cars have been produced for more than 100 years. Cryptos have been exchanged for what? About 10 years & still less than 3% of the population knows they even exist. If you want to make comparisons, you might consider the fact that it would have been silly to have 18 car manufacturers in 1915 -- when few people used or even knew of the existence of automobiles. That would be a more accurate comparison.

You might not mind if there was 1000 exchanges -- but having an excessive supply of exchanges, just makes each exchange less important/valuable. Which doesn't bode well for the BNB "asset" you currently hold.

Herman Hesse

newbie

Activity: 76

Merit: 0

Quote from: lokinator on August 16, 2017, 07:57:42 AM

Quote from: Herman Hesse on August 16, 2017, 07:03:57 AM

Quote from: elektibi75 on August 16, 2017, 06:49:09 AM

Quote from: Herman Hesse on August 16, 2017, 06:39:42 AM

BNB is one of the safest bets in crypto now.. The Binance exchange will become one of top 3 exchanges.. regarding the price rise of BNB, after we have seen such jump in one day, from 14.000 to 33.000 sat in one day, and this understandable (and desirable) correction to area 25.000-29.000 sat that we have now, we can expect progress at the rate of cca 20-30 % per week, till the price of 3-4 $.

If you are looking a coin for 10x in short time, it is too late, it is already up 4x...so look further. But if you look for something safer (if there is something safe in crypto at all), and moderate with decent % of earning, you can buy it now..it is not too late for that.

Can you explain what exactly BNB token does and why the exchange need it? I am looking at it but tbh I don't understand what isthe value of the BNB token...

BNB is used to pay fees on exchange with discount. To make the long story short.. the price of BNB will reflect (and follow) the strength and importance of Binance exchange. And since the Binance exchange is at its infancy, and significant growth is predicted for it (in my opinion, it will overtake large numer of clients/traders not only from Asia, but also the old clients from Poloniex, for example, because of Polo problems...), so should the price of BNB rise along and in correlation with it.

In other words -- It adds another form of currency and additional things to worry about when trading? Do we not have enough exchanges already? Why would I buy into a new one that is also trying to market it's own crypto? Makes no sense to me.

It is not currency, it is asset, important difference. It's purpose is not paying, like at Bitcoin, Litecoin, etc..
Regarding the question do we have enough exchanges already - welcome to free market.
(bso you culd ask, why do we need new car producer, Tesla, when we already have 100 "old" car producers?)
It can be 1000 exchanges, I do not mind. Personally, I have most confidence in Bittrex, and much more confidence in Binance than in Poloniex.

Additionally, I will day trade a lot on Binance, and could use 50 % discount on fees..

lokinator

full member

Activity: 266

Merit: 100

Quote from: Herman Hesse on August 16, 2017, 07:03:57 AM

Quote from: elektibi75 on August 16, 2017, 06:49:09 AM

Quote from: Herman Hesse on August 16, 2017, 06:39:42 AM

BNB is one of the safest bets in crypto now.. The Binance exchange will become one of top 3 exchanges.. regarding the price rise of BNB, after we have seen such jump in one day, from 14.000 to 33.000 sat in one day, and this understandable (and desirable) correction to area 25.000-29.000 sat that we have now, we can expect progress at the rate of cca 20-30 % per week, till the price of 3-4 $.

If you are looking a coin for 10x in short time, it is too late, it is already up 4x...so look further. But if you look for something safer (if there is something safe in crypto at all), and moderate with decent % of earning, you can buy it now..it is not too late for that.

Can you explain what exactly BNB token does and why the exchange need it? I am looking at it but tbh I don't understand what isthe value of the BNB token...

BNB is used to pay fees on exchange with discount. To make the long story short.. the price of BNB will reflect (and follow) the strength and importance of Binance exchange. And since the Binance exchange is at its infancy, and significant growth is predicted for it (in my opinion, it will overtake large numer of clients/traders not only from Asia, but also the old clients from Poloniex, for example, because of Polo problems...), so should the price of BNB rise along and in correlation with it.

In other words -- It adds another form of currency and additional things to worry about when trading? Do we not have enough exchanges already? Why would I buy into a new one that is also trying to market it's own crypto? Makes no sense to me.

Rapidgator

sr. member

Activity: 509

Merit: 250

Quote from: AussieBrent on August 16, 2017, 07:33:53 AM

Imagine if Poloneix did this be no video as there is no staff lol

The Binance office and team great video they seem to have there sh$t together nothing to hide in the video (beside the lunch room lol)

https://www.youtube.com/watch?v=2yIxA8nmEjs

nice

AussieBrent

member

Activity: 67

Merit: 10

Imagine if Poloneix did this be no video as there is no staff lol

The Binance office and team great video they seem to have there sh$t together nothing to hide in the video (beside the lunch room lol)

https://www.youtube.com/watch?v=2yIxA8nmEjs

Herman Hesse

newbie

Activity: 76

Merit: 0

Quote from: elektibi75 on August 16, 2017, 06:49:09 AM

Quote from: Herman Hesse on August 16, 2017, 06:39:42 AM

BNB is one of the safest bets in crypto now.. The Binance exchange will become one of top 3 exchanges.. regarding the price rise of BNB, after we have seen such jump in one day, from 14.000 to 33.000 sat in one day, and this understandable (and desirable) correction to area 25.000-29.000 sat that we have now, we can expect progress at the rate of cca 20-30 % per week, till the price of 3-4 $.

If you are looking a coin for 10x in short time, it is too late, it is already up 4x...so look further. But if you look for something safer (if there is something safe in crypto at all), and moderate with decent % of earning, you can buy it now..it is not too late for that.

Can you explain what exactly BNB token does and why the exchange need it? I am looking at it but tbh I don't understand what isthe value of the BNB token...

BNB is used to pay fees on exchange with discount. To make the long story short.. the price of BNB will reflect (and follow) the strength and importance of Binance exchange. And since the Binance exchange is at its infancy, and significant growth is predicted for it (in my opinion, it will overtake large numer of clients/traders not only from Asia, but also the old clients from Poloniex, for example, because of Polo problems...), so should the price of BNB rise along and in correlation with it.

BenCodie

legendary

Activity: 1722

Merit: 1048

Quote from: Rapidgator on August 16, 2017, 02:43:46 AM

https://binance.zendesk.com/hc/en-us/articles/115001075752-Binance-Announced-Strategic-Partnership-With-Hcash
Binance has announced a strategic partnership with Hcash on August 10, 2017. Binance will be the first exchange of Hshare (Hcash token) in the global market.

USDT/BTC/ETH pairs added aswell

Quote from: Rapidgator on August 16, 2017, 06:04:11 AM

Quote from: bitcoin24su on August 16, 2017, 03:01:31 AM

In their policy it is said that popular coins are added, as HCC hit, the site hcc.top .... site 1 month, curves and anti-virus screams
https://binance.zendesk.com/hc/en-us/articles/115001095432

BTM and BNB awesome

https://binance.zendesk.com/hc/en-us/articles/115001094331-Binance-Will-Add-USDT-Market-Soon-Updated-

Binance.com
3 hours ago Updated

Dear All,

We will start BTC/USDT、ETH/USDT trading on Binance exchange at 12pm. Aug 17, 2017 (Thursday) Beijing Time. The deposit of USDT has opened.

Tether USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. So 1 USDT is always equivalent to 1 USD.

When the cryptocurrency price is decreasing in the market, you can always exchange your individual cryptocrrency to USDT to avoid price risk.

Perfect
I am pretty sure this going to be huge exchange

elektibi75

sr. member

Activity: 326

Merit: 250

Quote from: Herman Hesse on August 16, 2017, 06:39:42 AM

BNB is one of the safest bets in crypto now.. The Binance exchange will become one of top 3 exchanges.. regarding the price rise of BNB, after we have seen such jump in one day, from 14.000 to 33.000 sat in one day, and this understandable (and desirable) correction to area 25.000-29.000 sat that we have now, we can expect progress at the rate of cca 20-30 % per week, till the price of 3-4 $.

If you are looking a coin for 10x in short time, it is too late, it is already up 4x...so look further. But if you look for something safer (if there is something safe in crypto at all), and moderate with decent % of earning, you can buy it now..it is not too late for that.

Can you explain what exactly BNB token does and why the exchange need it? I am looking at it but tbh I don't understand what isthe value of the BNB token...

AussieBrent

member

Activity: 67

Merit: 10

I think a 1-2 days before 24 August this coin will rise very quickly just my opinion.

Herman Hesse

newbie

Activity: 76

Merit: 0

BNB is one of the safest bets in crypto now.. The Binance exchange will become one of top 3 exchanges.. regarding the price rise of BNB, after we have seen such jump in one day, from 14.000 to 33.000 sat in one day, and this understandable (and desirable) correction to area 25.000-29.000 sat that we have now, we can expect progress at the rate of cca 20-30 % per week, till the price of 3-4 $.

If you are looking a coin for 10x in short time, it is too late, it is already up 4x...so look further. But if you look for something safer (if there is something safe in crypto at all), and moderate with decent % of earning, you can buy it now..it is not too late for that.

xiamix

newbie

Activity: 5

Merit: 0

Yes, same with me. Put my last money in, on BNB (and BTM). Looking forward that this exchange goes big. I also like the tools they have to draw within the charts, e.g. Trendline, Rectangle.

newcoin01

full member

Activity: 322

Merit: 102