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Topic: Binance is a good exchange but don't expect forever surge - page 2. (Read 642 times)

sr. member
Activity: 499
Merit: 250
Chainjoes.com
There are many more projects that are still listed on binance but its price dump so much. I think Binance is very popular because of its liquidity. This is a very popular exchange and top investors like to use it as their playing group. A fake project can not afford the expense of this exchange that's why it ensures project legitimate I think. Binance builds up a good trust to the crypto community.
The coins that are going to be listed at Binance usually rise very quickly in a short time, but after being officially listed, it will tend to decrease even more. I don't know the reason for the value of that coin going down, but here is the situation for all coins listed at Binance. Of course, there are still some very stable rising coins that have always been of interest to people over the past few years.
member
Activity: 728
Merit: 19
KUWA.ai
There are many more projects that are still listed on binance but its price dump so much. I think Binance is very popular because of its liquidity. This is a very popular exchange and top investors like to use it as their playing group. A fake project can not afford the expense of this exchange that's why it ensures project legitimate I think. Binance builds up a good trust to the crypto community.
hero member
Activity: 1778
Merit: 504
WorkAsPro
I trust Binance is good exchange, but Binance is not the number one good exchange.
There are many good exchangescan make good project grow.
Which exchange is better than Binance for the time being because for me, Binance is the best exchange for investors during this period. Of course, many new exchanges appear in this market but certainly cannot compete with Binance.

However, there are still some very potential exchanges that have only recently started, and if investors are interested, that exchange will soon become Binance someday.
sr. member
Activity: 554
Merit: 271
I trust Binance is good exchange, but Binance is not the number one good exchange.
There are many good exchangescan make good project grow.
jr. member
Activity: 784
Merit: 6
I notice that some coins that held their IEO in Binance are good when they are starting out but as time goes by they fade away, this is one of the risks be sure you are following the development of the coins you've invested, some of them lose steam after having a good start, you cannot blame but yourself if you fail to sell before it crashes.

Most of the IEOs in the crypto space, not only on Binance launchpad, but also on other begged exchanges, they do not always remain the same. Around the period of the IEO, their prices usually surge and they would have ATH at that time, but after some time, they would fall. The good thing about them is usually that they do not fall back to the IEO price, which is unlike other shit or smaller exchanges.
hero member
Activity: 1316
Merit: 503
All of results will depend on the team but we must remember the majority of coins wanna be listed on binance caused by to increase the liquidity. I think it's not always to make the price surge. When a coin listed on binance and it can attract so many attentions.
Because it's not easy for a project to be listed on the Binance exchange, you have to pay a massive amount of funds, or your project looks attractive to the binance team.
They maintain the quality of a project by delisting if there is no volume or low project development.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Isn't that a common sense? There are plenty of projects introduced by binance dumped so hard after the hype ends. I think most of people that already understand how most of those IEO works could predict that. Most of the projects there also relies heavily on the influence by binance and not from their own project. Pretty sure that if they were to be hosted by less reputable exchange most of them would flop.
There is a saying that goes like this "there is nothing more uncommon than common sense" and I think it is right, the OP makes some very good points and while all of that should be common sense it isn't for most traders out there and this is because they let greed to blind them to the truth right in front of them, they want to obtain significant profits in a very short amount of time with no effort and we know that is impossible, so they keep deceiving themselves thinking that they can and they ignore all the warning signs against their beliefs, and we all know how it ends with 99% of those people losing all of what they have.
hero member
Activity: 2296
Merit: 506
Cryptocasino.com
Binance is the top exchange. So don't be surprised if many people think that Binance is the best exchange and there are many projects that do IEO there. but all that goes back to the team of the project itself, for me personally has no doubts about the Binance exchange.
All of results will depend on the team but we must remember the majority of coins wanna be listed on binance caused by to increase the liquidity. I think it's not always to make the price surge. When a coin listed on binance and it can attract so many attentions.
sr. member
Activity: 980
Merit: 260
Well, Binance keeps coming out with more and different projects so at least for that duration of time the surge should be real but afterwards it would still be a matter of performance and I'm sure at some point the price won't stay forever up but just by taking into account he time factor that's to be expected anyway
sr. member
Activity: 2254
Merit: 258
I notice that some coins that held their IEO in Binance are good when they are starting out but as time goes by they fade away, this is one of the risks be sure you are following the development of the coins you've invested, some of them lose steam after having a good start, you cannot blame but yourself if you fail to sell before it crashes.
full member
Activity: 1210
Merit: 100
Binance is the top exchange. So don't be surprised if many people think that Binance is the best exchange and there are many projects that do IEO there. but all that goes back to the team of the project itself, for me personally has no doubts about the Binance exchange.
full member
Activity: 1582
Merit: 101
This is one kind of hype that Binance list means hot coin. this is not surely. There are many coins whose listed to binance and price is very low. Actually this trust did not created once in a day. If i memorize when binance hacked traders or investors did not loser. This created storng positive mentality about binance and people think that if i trade at binance my wealth are safe. this maybe another reason of choosing binance.
legendary
Activity: 2268
Merit: 1655
To the Moon
Binance is very careful when choosing a coin for conducting IEO, so it is not surprising that such projects start well. As a rule, each coin after the IEO increases in price several times. Traders get another tool for trading, and the project team gets at their disposal the funds that are necessary for development.
I was not aware of this part that binance will choose the coins they conduct the IEO, i thought they will be accepting anyone who provides the fees they are asking. I did not participate in any IEO projects from any exchange as i lost trust in the experimental project market where everything is to pump and dump and i am yet to see solid ten companies that made a successful business model.

I took part in the last IEO Cartesi, which was held on Binance. And after listing on the exchange, the token immediately gave 450% of the IEO price. I managed to sell tokens at this price. Now their price is 2.5 times less than the maximum price, but still higher than the one at which the IEO was conducted.
member
Activity: 406
Merit: 10
You forgot:

Binance wont list their competitors

Here's the full story behind Blocknet trying to get listed on Binance, but was ignored and even questioned about how their DEX works (before Binance launched their own  Roll Eyes)
https://www.youtube.com/watch?v=JSCAelH_iuk

Binance is a decent exchange, but it's leader CZ is a crook, who cares about NOTHING but money and power. He's creating centralized networks, which is completely against what we want, yet people follow him like sheeps.

Binance only made their (fake) DEX because they KNOW competition from DEX's will be tough in the future.
sr. member
Activity: 882
Merit: 253
Binance can do nothing about it if the developers of a coin decided that they had enough and abandon the project, we have seen that happens on many times in the past even when the times that Binance is not yet existing, investing is always at your own risk, you cannot expect an exchange to save you from all that risk, it's one of the realities of investing.
Yes, Agree. Its like the nature of ICO's and most of them end up with nothing. Some projects are not longer exist or exit with connection with cryptocurrency. Even a great project can be bad after the hype listing in the best exchange. You can consider a big profit in the beginning but as time goes by project will be fade. Devs should put more hard work to survive the market dump, and continue to develop their project.
sr. member
Activity: 479
Merit: 250
https://streamies.io/
Expecting a pump on binance at all time is at your own risk. The Truth is, nothing is guarantee anymore. Even in binance, coin is dumping hard these days. People been disappointed by the outcome of some coins listed on binance. We just need to face the reality that nothing is guarantee anymore.
There is no guarantee when you invest in this market. However, if you choose to invest in Binance, the chances of making a profit will be higher than normal because the coins here have very good liquidity and are usually pumped by whales when there is big news. After the period of price increase, the value of that altcoin will soon adjust and worse than collapse.
hero member
Activity: 2926
Merit: 567
Binance can do nothing about it if the developers of a coin decided that they had enough and abandon the project, we have seen that happens on many times in the past even when the times that Binance is not yet existing, investing is always at your own risk, you cannot expect an exchange to save you from all that risk, it's one of the realities of investing.
hero member
Activity: 2366
Merit: 504
People only see at the cherry on top. Gosh I saw so many hypes surround a project if they said they would be list on Binance. The hype almost becomes madness as everyone talks about how the price would surge, guaranteed profit, can't go wrong,... When in the end, Binance is just an exchange and it can't magically help projects success if they're shit.
You're right. Newbie traders usually have this mistake. They feel secure when they research a project and they see that coin "is going to be listed" on Binance. Think of it like a stock that is listed on the stock market. THERE'S NO GUARANTEED PROFIT for any of those coins even BTC, BNB, or ETH.
Most of them think that as long the project has the liquidity which usually largely available in a rather popular exchange it'd be fine for them and they could withdraw it anytime they need but the reality is not that simple. many project also flop despite listed in a popular exchange and i agree, there's no such thing as guaranteed profit. the thing about binance is that it mostly overyhped.
hero member
Activity: 3080
Merit: 603
I guess that all started when Binance caused a lot of attention and made every coin wanting to get listed there plus the IEOs that they've conducted, most of them became successful. But op is right, just because a coin is on Binance, they'll be forever pumping.
I know there are a few successful projects that used binance launchpad like BitTorrent and Fetch.AI but i am not following the rest of the projects, if you are looking at the profit the early projects made everyone the profit but i am yet to follow the rest of the projects that launched through binance and other popular exchanges.

@OP what ever launchpad you are investing the best option is to get in and out with a profit and that is the mind set for many, but expecting anyone to pump a dead project is not going to happen and not every project will be successful.
I haven't followed what happened next but most probably they still made money from it although, it's not the same anymore. He's just clarifying and informing the people that because it's Binance, there's more to come from them whenever they launch an IEO, listed a coin or anything that relates to another project and them. They are an exchange and all of those features mentioned were already attached to them and our decisions in the end still that matters whether we make profit or not.
sr. member
Activity: 1498
Merit: 251
KUWA.ai
IEO projects are successful on top exchanges because they have the best investors due to high trading volumes and liquidity, quick profits is certain from top exchanges but has nothing to do with future price
It's not but in this case we are discussing about the pump that happened on binance will not remain forever that means volume, liquidity even the investors can give a sustain impact to the price of token for the long term, we must not take major exchange as a key to pump the price of token forever.
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