Pages:
Author

Topic: Binance is a good exchange but don't expect forever surge - page 3. (Read 645 times)

full member
Activity: 515
Merit: 101
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.
legendary
Activity: 2576
Merit: 1043
Need a Marketing Manager? |Telegram ID- @LT_Mouse
Who in the hell think Binance like this??

For newbie traders maybe they see it like this but for those who are using the exchange for a long time already, they know that there is no forever surge even when a coin has been listed on a good exchange like Binance. Don't think that because Binance is a popular exchange then dumps will never happen because the reality is they are the ones who are dumping some of their coins that they are holding especially when a new IEO is launched on their exchange.

The hype on a coin that is being listed on Binance will be more compare to a coin that is listed on not so popular exchange but both of them will lead to same endings. After listing, it will dump. No forever surge in Binance but still there will be pumps and dumps that happen.
full member
Activity: 396
Merit: 106
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.
hero member
Activity: 2520
Merit: 783
I hope they can all read this.
But I doubt that.  Grin

It had been a long run telling all this kinds of truth but yet when you visit telegram channels of newly finished ICO's or IEO's this is what you will still see.
When Binance?  Grin

When binance that is the question what I always encounter when I see some project ended and I cannot blame the investor to ask that since they think that their token supported will have a good future if dev will list it on binance.

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

Because top tier exchange creates hypes that's why you see those projects getting a high success rate.
member
Activity: 574
Merit: 18
Making Smart Money Work
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
hero member
Activity: 3052
Merit: 651
I hope they can all read this.
But I doubt that.  Grin

It had been a long run telling all this kinds of truth but yet when you visit telegram channels of newly finished ICO's or IEO's this is what you will still see.
When Binance?  Grin
legendary
Activity: 2030
Merit: 1189
Exchanges should be platforms that are used for cryptocurrency trading, not for participating in moonshots and planned pump and dumps—that's exactly what IEOs are (for the most part).

I am 100% sure that CZ knows that the projects listed on the launchpad are likely to spike to above their IEO price, and I wouldn't be surprised if Binance and/or the listed projects hire a huge number of liquidity providers to help drive up the trading volumes on the IEO tokens to help them grow.

However, it has worked every time so far, so the investors don't really get burned, whereas the traders investing in the days and weeks after listing often do. Either way, I still use Binance for the majority of my trades, but I'm not a fan of its IEO platform or pump tactics.

They absolutely must be hiring liquidity manufacturers or deploying trading bots.

The trading volume some of these IEOs see soon after listing is insane—even given the hype they receive during the IEO and prior to listing.

Then this suddenly drops off a few weeks after listing, indicating the contract with the liquidity provider has finished.

If you're going to invest in IEO tokens, the only right time to do so is DURING the IEO. Anything after is rolling a loaded dice.
full member
Activity: 1386
Merit: 101
ComboLabs
Binance is careful on selecting the coins to host in its platform. About half of the IEO there are inside project while the rest are from a well established team. Getting into Binance IEO is not possible for a new team that want to raise a quick fund. So, it's not even worth trying for them.
if all the exchange platforms such as Binance, maybe the scam project will be reduced, because of the strict regulations on the platform,
I like it if Binance removes some pairs that traders are not interested in
sr. member
Activity: 1988
Merit: 275
Exchanges should be platforms that are used for cryptocurrency trading, not for participating in moonshots and planned pump and dumps—that's exactly what IEOs are (for the most part).

I am 100% sure that CZ knows that the projects listed on the launchpad are likely to spike to above their IEO price, and I wouldn't be surprised if Binance and/or the listed projects hire a huge number of liquidity providers to help drive up the trading volumes on the IEO tokens to help them grow.

However, it has worked every time so far, so the investors don't really get burned, whereas the traders investing in the days and weeks after listing often do. Either way, I still use Binance for the majority of my trades, but I'm not a fan of its IEO platform or pump tactics.

Pump tactics I believe is happening everywhere, not only in Binance. But one advantage with BNB is that they are reputable exchange, and with that, they will only accept projects that are really substantial and have good foundation. The reason why only few projects are listed under their IEO launchpad. However, if you are an investor, you should not rely your fate to BNB's way of selecting projects, but you also have to do your own due diligence. Gauge if that project is really something that will hit in the market. Even projects with great concept and solid foundation don't attract good number of users so you should meticulously study their potential in the market that will give you an idea if you will be in profit or not.
hero member
Activity: 1638
Merit: 576
Leading Crypto Sports Betting & Casino Platform
Exchanges should be platforms that are used for cryptocurrency trading, not for participating in moonshots and planned pump and dumps—that's exactly what IEOs are (for the most part).

I am 100% sure that CZ knows that the projects listed on the launchpad are likely to spike to above their IEO price, and I wouldn't be surprised if Binance and/or the listed projects hire a huge number of liquidity providers to help drive up the trading volumes on the IEO tokens to help them grow.

However, it has worked every time so far, so the investors don't really get burned, whereas the traders investing in the days and weeks after listing often do. Either way, I still use Binance for the majority of my trades, but I'm not a fan of its IEO platform or pump tactics.
full member
Activity: 467
Merit: 100
DIA | Data infrastructure for DeFi
Please let's all stop taking top exchanges as coins pumpers, just because a coin is listed on binance doesn't mean the surge will always be like it is forever, Binance makes sure of the following

1. Legit projects
2. Good volume
3. Good liquidity
4. Profitable launchpad

What binance doesn't guarantee

Keeping surges alive when it all depends on team continues developments, how is binance responsible for this? Even binance had to burn BNB token supply to reach a valuable target, binance won't control the team of the projects listed on their exchanges for Christ sake

Let's stop treating binance like volatility proof

This is so true. There's no guarantee on keeping the value of coins on Binance exchange platform. Let's look at it just like a stock exchange platform. To be able to determine the potential as well as the threats on cryptocurrency required a lot of techniques that traders need to know. There's no such easy thing like look at the buying volume and liquidity on Binance to make a decision on investing.
sr. member
Activity: 1932
Merit: 300
Binance is careful on selecting the coins to host in its platform. About half of the IEO there are inside project while the rest are from a well established team. Getting into Binance IEO is not possible for a new team that want to raise a quick fund. So, it's not even worth trying for them.
member
Activity: 784
Merit: 21
For a project to surge it depends on how demanding the token or coin are, I  believe this is the only thing can that make a coin to surge, binance exchange only provides real volume and real liquidity unlike many bad exchanges with fake volumes today
legendary
Activity: 2464
Merit: 1140
duelbits.com
I assume that people stated Binance is a good exchange because of :

1. The trustworthiness of good coins/tokens listed there
2. The performance of that exchange

So, there is no correlation to the "surge" of the coins/tokens. The surge indeed depends on the demand or interest from people in the market. It can be higher if the people trust in the future of those coins/tokens. And this has a correlation to the progress of the project and how good the team members manage the project itself.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
Please let's all stop taking top exchanges as coins pumpers, just because a coin is listed on binance doesn't mean the surge will always be like it is forever, Binance makes sure of the following

1. Legit projects
2. Good volume
3. Good liquidity
4. Profitable launchpad

What binance doesn't guarantee

Keeping surges alive when it all depends on team continues developments, how is binance responsible for this? Even binance had to burn BNB token supply to reach a valuable target, binance won't control the team of the projects listed on their exchanges for Christ sake

Let's stop treating binance like volatility proof

Not sure what you are trying to say here. Are you trying to say that just because a coin is listed on binance it does not mean that the coin is really good, or are you trying to say that if the coin developers go rouge, we shouldn't be blaming the exchange? Both the cases are true.
According to you binance ensures the points you mentioned, but they can't guarantee? They why would they ensure their users in the first place?
member
Activity: 300
Merit: 11
FRX: Ferocious Alpha
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.
full member
Activity: 532
Merit: 100
Apart from binance there are lots of exchanges which launch IEO's .. So it's not up to exchange to keep the project alive. They only provide the launchpad for projects which can afford to be listed. And looking back at the banace lauchpad i think every project managed to reach their softcap target.
hero member
Activity: 2268
Merit: 588
You own the pen
That's why we have a lot of coins to choose from and a lot of exchanges to move our coins to. All of them are competing with each other that one may be developed something that will attract a lot of users or maybe some of the exchanges like Binance have something unique that will make their users stay and invest in whatever coins they are promoting. the big difference among the exchanges is their liquidity and massive trading volume every day to gain some trust from the users you need to have these kinds of features.

It's not really permanent, especially that only unique features you have will be copied by the other and they also improved it on their exchange. some developed particular features that attract many of the investors to their platform and others have the ability to make their users stay their exchange for a long time.
hero member
Activity: 1426
Merit: 506
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.
legendary
Activity: 2268
Merit: 1655
To the Moon
There is no doubt that Binance is one of the reliable exchanges that numerous projects developers look forward to for listing.  It is of a truth that surge of project prices cannot be expected forever because keeping this is also largely depend on the project developers.  If a project fails to develop in its roadmap, then there is nothing the exchange can do.  But the crux of the matter is that greater percent of projects on binance are reliable.

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.
Pages:
Jump to: