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Topic: Binance Coin - Not Far From The Falling (Read 12463 times)

legendary
Activity: 1876
Merit: 1003
August 01, 2019, 06:22:23 PM
It is funny when people think certain coin will fall just because it is at the bearish or being dumped recently meanwhile it is already up more than thousand percent from the initial price. Being dumped  is very common in cryptocurrency and these people shouldn't become pessimistic just because a dump.
decline does not mean the end and may not last forever. surely if there is a dump it is the potential for us to buy and there is a possibility the pump will occur afterwards. try to reach the lowest price and buy as much as possible, when going up, we will enjoy great benefits.
Actually crypto is normal for falling coins but we also have to see before when it falls if it has experienced an increase first? because if ever experience it, it's normal for a moment to fall as long as it doesn't get worse. it is true that you say that falling does not mean destruction. every time will be able to go back and go up again.
Indeed the crypto market is transferring itself from the correction mode-> the recovery mode. The last recovery was defeated by the bulls but the required time increases after each failed attempt by the uptrend. The price of BNB is not going to hit the $10 surely, traders expect a pullback after each broken trendline. The confirmation is necessary for strengthening the uptrend case which will be the next prosperous trade position.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
August 01, 2019, 05:01:38 PM
Any coin can fall anytime soon but I don't think that Binance coin is going to fall any time this year or in the next few years. It may be true that some coins that are in the top before are gone now and Bitcoin still remains as the number 1 crypto, but I think Binance is going to be able to hold for a long time.

Exactly. Binance Coin won't be going anywhere soon, especially after the recent developments of Binance exchange. With the newly announced Binance DEX, and several other goodies for BNB hodlers, there shouldn't be a reason why BNB should fail anytime soon. If Binance Chain continues to gather a lot of mainstream crypto projects into its platform, then it's internal BNB token might experience greater demand over the long term. Once this happens, then BNB might reach $50 all the way towards $100 per coin. It's a win-win situation for hodlers as they not only profit, but they'll be able to use BNB as a discount for trading fees.

Given how powerful Binance is relative to other well-known crypto exchanges today, it's hard to tell that it'll fall within the future. CZ is very smart, and knows how to keep up with the competition by adopting the latest technologies within the crypto industry. With unmatched customer service, unparalleled speeds, and a wide variety of trading pairs to choose from, it's no wonder why Binance is still the #1 crypto exchange of the world.

Nonetheless, I believe that the only way BNB would fail would be if Binance becomes hacked to a point where it's hard to recover its losses. That would collapse the world's most popular exchange along with its BNB token, until another competitor takes its place. However, such situation seems to be very unlikely right now especially since Binance has recovered from a hack which occurred recently. Hence, nothing could stop Binance from taking the lead within the crypto industry for future generations. Just my opinion Smiley
member
Activity: 345
Merit: 10
if later I fall I'm sure I'll definitely go up again. as long as the binance exchange is still running, of course it can be improved again. but when the exchange has not gained the trust of the trader it will be difficult. because the BNB will be very affected by their exchange platform.
member
Activity: 700
Merit: 12
BNB will go $50 this year. Don't you think that every time Binance held an IEO, price of BNB suddenly rises?
We all know that in Binance IEO, when you want to invest you need to hold some BNB to get some ticket and purchase the IEO.
With this method, I am sure BNB will not falling anymore.

Yes, you are right, when we see any IEO on Binance the price of BNB coin is increasing and even did you observe when they start burning the price of BNB will also increase. I think the price of BNB will not decrease it's price because now we have seen there is Dex platform which seems some of the coins will divert to dex platform too.
member
Activity: 350
Merit: 10
BNB will go $50 this year. Don't you think that every time Binance held an IEO, price of BNB suddenly rises?
We all know that in Binance IEO, when you want to invest you need to hold some BNB to get some ticket and purchase the IEO.
With this method, I am sure BNB will not falling anymore.
hero member
Activity: 1876
Merit: 512
I think only few people won't expect the price of the token to correct, the price of BNB has done well this year and has been well supported by the launch of Binance launchpad but this issue I have now is how well would they be able to list good projects on their launch pad because alot of people are concerned about the quality of the next launchpad
member
Activity: 345
Merit: 10
conditions for coin prices BNB will be greatly affected by their exchange. as long as the binary exchange is still strong and gets great trust from the trade in the market, the BNB will still be good, even though it falls, the BNB will rise again. it is a natural condition that occurs in all crypto assets.
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
The thread describing the fall of Binance Coin was created in April. During that period of April 1 the price was above $17, further it never went low and has marked its all time high value. This shows that it has overcome all the predictions of Binance Coin falling low. Now Binance Coin has secured a place with its perfect way of promotion and new forms of keeping the market stable without any disturbance.

I have to agree here, BNB has surpassed expectations and credit to the minds and the models behind the business for taking care of that. But mind you, these are all manipulations. Burns and issuances and competitions all making sure people use the coin and buy it, thereby creating demand. BNB is nowhere worth the value it is today.
full member
Activity: 574
Merit: 100
Any coin can fall anytime soon but I don't think that Binance coin is going to fall any time this year or in the next few years. It may be true that some coins that are in the top before are gone now and Bitcoin still remains as the number 1 crypto, but I think Binance is going to be able to hold for a long time.
copper member
Activity: 812
Merit: 6
The market made a good upward movement and reached ATH . We have a resistance zone between 24.00 and 25.00 levels and the 1st attempt to pass this zone. More likely that the price will bounce and correct the previous movement. It will be logical if we can use this word and this market together. For confirmation of the price reversal we need to wait for the close price of the daily candle. If it is below 24.00 level and the bearish candle is strong, we will get the 1st signal confirming the bouncing from the resistance.

RSI is going to confirm the price reversal in the overbought zone. MACD histogram and in some timelines will be able to support a possible downward movement. The market looks overbought and the downward movement in the medium term will be a logical movement in the bullish structure.

BNB is probably one of those alts that has small chances to fall down, only if Binance will have the problems with regulation.. Of course it goes with market like any other coins, but now it is the most popular exchange coin with great possibilities and perspectives.
full member
Activity: 562
Merit: 100
binance is the best cryptocurency exchange other than that binance also has its own coin, that is BNB on the other hand coin binance also has ranking number 6 from existing coins there is no other word binary coin will go down there even increase up
member
Activity: 102
Merit: 10
I bought it when it was $ 4.5 and then sold it again. About 3 months later, he took flight. I think it's best to buy and hodl rather than trade.
member
Activity: 616
Merit: 30
It was to be expected that Binance Coin price would drop after reaching new ATH. It's been one of the top performing coins during the 2018 bear market, I think it's going to continue to surprise.
But I think not in 2019 because binance is staying low moving like any other altcoins

Though I believe in this great exchange and also the BNB currency yet not enough fo now to take the growth and that’s normal since investors are trading their alts to Bitcoin
member
Activity: 296
Merit: 10
I think binance coin really stong this year, with binance margin trading and burning coin binance coin will go ATH next month, one more thing hardfork BNB
with galileo project
it turns out there are still many updates from the BNB coin in the future. this will be an attempt to make a good pump for BNB coins. I hope it works, because for now there is no doubting the binance and BNB, this year they have shown great growth.
full member
Activity: 966
Merit: 100
I think binance coin really stong this year, with binance margin trading and burning coin binance coin will go ATH next month, one more thing hardfork BNB
with galileo project
full member
Activity: 938
Merit: 105
With the kind of strategies CZ Binance is creating Binance coin cannot fall,  now they wanna destroy all the team tokens that's about $2 billion plus,  dude got awesome strategies
And I don't see any reason why we have to do that, in fact, it contributed a lot rather than of the other platform.
BNB coin have already establish a good market record and eventually gaining more investors which it build trust among others. In this way, ain't no reason that BNB will fall than of rising it up.
full member
Activity: 1708
Merit: 105
It is funny when people think certain coin will fall just because it is at the bearish or being dumped recently meanwhile it is already up more than thousand percent from the initial price. Being dumped  is very common in cryptocurrency and these people shouldn't become pessimistic just because a dump.
decline does not mean the end and may not last forever. surely if there is a dump it is the potential for us to buy and there is a possibility the pump will occur afterwards. try to reach the lowest price and buy as much as possible, when going up, we will enjoy great benefits.
Actually crypto is normal for falling coins but we also have to see before when it falls if it has experienced an increase first? because if ever experience it, it's normal for a moment to fall as long as it doesn't get worse. it is true that you say that falling does not mean destruction. every time will be able to go back and go up again.
member
Activity: 686
Merit: 35
@op you are obviously entitled to your opinion as do the rest forum members, when people create topics like this with such certainly is quite amusing, from the time you created this post till now am sure you have seen the difference with your very own eyes, if you want to speculate, then try not to appear as though you are 100% sure Undecided
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
Binance is expanding their grounds to the US. Not sure if this will get through sometime soon, but when to do Coinbase will get eaten by CZ. Binance knows how the game is played and making money beyond believe. They have the best of best in legal departments and will really take over when they touch ground in the US.

Agree. Binance knows how to do its moves in order to expand to areas beyond reach. It aims to become the leader of the crypto industry by providing a safe and secure platform for trading crypto in which anyone can trust. Coinbase may be successful in the US, but its existence may be threatened by Binance in the long term. We all know that Binance easily complies with regulations from governments worldwide. So, there's a possibility that Binance will adapt its platform for US customers in order to comply with the latest regulations from the government.

Considering that Binance Coin will be used for virtually anything within the Binance platform, it'll be a highly demanded cryptocurrency for years to come. It's a smart move by Binance, as it allows its token to rise in price within a short time frame. The DEX, and Binance Chain itself will largely depend on Binance Coin (BNB). Eventually, as new crypto projects decide to launch their tokens within Binance Chain (using the BEP5 standard), BNB's popularity and mainstream adoption will rise like skyrocket.

Which is why, current prices for BNB are only the beginning as it's bound to rise further within the not-so-distant future. Despite this, any cryptocurrency is subject towards a rapid change in price. Therefore, it's recommended to proceed with caution not investing more than you're willing to lose in Binance Coin. Just my opinion Smiley
full member
Activity: 392
Merit: 115
Binance is expanding their grounds to the US. Not sure if this will get through sometime soon, but when to do Coinbase will get eaten by CZ. Binance knows how the game is played and making money beyond believe. They have the best of best in legal departments and will really take over when they touch ground in the US.
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