Binance is actually a great platform and most of the community has their trust on binance platform but you are very right this platform can not guarantee any price stability or growth of any coin rather it depends on the market demand and supply.
Secondly, product development, competency of the team and their marketing teams combined efforts are the basics that are important and influence the price and demand of a project.
Topic: Binance is a good exchange but don't expect forever surge - page 4. (Read 615 times)
Binance is the largest crypto exchange by volume, has announced that it will stop serving in crypto market individual and corporate customers on its main platform Binance.com. If the real customers will likely still be able to bypass the restrictions and trade on Binance. Binance offers a much better selection of cryptocurrency trading than Coinbase.
Indeed, many people assume that the Binance exchange is always identical to the pumping of coins that are there even every coin listed there is always in the hands of investors or traders because Binance is indeed big in its liquidity, but I think not only is Binance able to pump coins there are still many other exchanges besides binance that are better and always profitable for them, and I know that binance is now the number 1 exchange at Coinmarketcap.
I always don't take decisions from one market like Binance so there are others who benefit more or see the quality of projects that are legitimate and are still ongoing.
I always don't take decisions from one market like Binance so there are others who benefit more or see the quality of projects that are legitimate and are still ongoing.
I do not think that coins that are newly added experience a pump. This was in the history when every good news, listing, partnership caused ten of percents grow. But now situation is pretty diffrent.
There are tons of coins that has been delisted from binance, which suggest you are 100% right because people who see the coin listed on binance allows it to get to be more on public eye and there are more trades going on etc etc, however eventually if the coin is not run by a proper team it will get a lot worse. That is why I hate paying people to run a coin, this is not a business its a currency, if I want to use a currency that has a team behind it, I would use dollars in fiat, at least a huge government backs it no matter how bad they are.
You know why I love bitcoin? Because, there is nobody that controls it unlike the ICO's these days. So, binance is a help but it is not a solution, sure you could be better thanks to binance but if you suck, you will suck no matter where.
You know why I love bitcoin? Because, there is nobody that controls it unlike the ICO's these days. So, binance is a help but it is not a solution, sure you could be better thanks to binance but if you suck, you will suck no matter where.
Binance is a popular crypto exchange for most cryptocurrency users and now binance is the number one exchange in cmc based on 24-hour trading volume and search traffic. Rank Exchange on CMC
As one of the TOP exchanges, Binance has a good reputation among investors and traders for several reasons. Maintaining the liquidity of a project I think is not one of the responsibilities of every exchange, including binance. Altcoin liquidity on exchanges is the responsibility of the developer and binance as an exchange medium only helps developers provide products that can be traded on their trading platforms. IMO
All altcoins that can enter binance exchanges are altcoins who have passed the exchange test with various criteria. Altcoin prices are determined by traders and not by exchanges, so the exchange effect on altcoin liquidity I think is due to the reputation of the exchange itself which has been considered a safe and reliable exchange. So its not a good thing if we hope that the exchange can guarantee altcoin liquidity and its price. Everything is determined by the trader and the good and the bad of altcoin in exchange depends on how the developer.
As one of the TOP exchanges, Binance has a good reputation among investors and traders for several reasons. Maintaining the liquidity of a project I think is not one of the responsibilities of every exchange, including binance. Altcoin liquidity on exchanges is the responsibility of the developer and binance as an exchange medium only helps developers provide products that can be traded on their trading platforms. IMO
All altcoins that can enter binance exchanges are altcoins who have passed the exchange test with various criteria. Altcoin prices are determined by traders and not by exchanges, so the exchange effect on altcoin liquidity I think is due to the reputation of the exchange itself which has been considered a safe and reliable exchange. So its not a good thing if we hope that the exchange can guarantee altcoin liquidity and its price. Everything is determined by the trader and the good and the bad of altcoin in exchange depends on how the developer.
For sure it is, but do not forget about the option that someone else (hackers, goverments) will cause that Binance lose money, will be stopped or anything else.
Send all your money after you exchange immediately to your wallet to prevent all disasters.
Send all your money after you exchange immediately to your wallet to prevent all disasters.
I think it's hard to change people's minds, and most of the new coins listed on Binance have better performance. That still attracts people to pay attention to the new coins on binance.
I guess people are treating it as an epitome of cryptocurrency exchange, whereas it is not. It too got hacked and it does have flaw such as centralisation and highest fees for launching a project. I guess there is a lot of hype that still exists about Binance.
Although Binance still has many bugs, it is still one of the best exchanges available today.However, I agree that a project appearing on binance exchange does not mean that it is a good project. There are still a lot of bad IEO projects appearing on binance and many investors have lost money.
Whenever a coin or token dumps on binance many who have no idea how crypto works will start saying what they like against binance, a coin that finds its way to top exchange should not relent, many project did this, thinking binance will carry them along but they are wrong
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
Maybe fools will believe that binance has any bullet proof for liquidity. Its not their call actually when the token project gets dump. However, factors affecting the dump can be depend also on how their performance or project concept really does. 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
There are too many projects that has experience all of it. I think almost all, if I could recall none a single IEO project on Binance ever retained their price for a lomg time or the ATH it was recorded but thats how investor jump from ship to ship, its all about profits and the reality show us how cryptocurrency works based on profits and not on it use cases.
I guess people are treating it as an epitome of cryptocurrency exchange, whereas it is not. It too got hacked and it does have flaw such as centralisation and highest fees for launching a project. I guess there is a lot of hype that still exists about Binance.
you know why they have highest fee for launching?because they usually pumped the newly listed coins/tokens in their platform ,that is why it seems that there are manipulation that happening inside.It's same as Bitmax, kucoin, Okex too, many are blaming these top exchanges for making new projects lose value as if it's their faults, maybe investors already forgot that crypto is so volatile, ups and downs is definitely something we can't escape
Thats the stupidity of people to blame exchange as if they knew what would happen in the future,Yeah exchange must be choosy in letting project to be listed but it is not their duties to check each projects progress because they have done their part and it is from the team to make the project move up.Binance cannot guaranty the longevity of any project a project can pass the criteria set by Binance but when it comes to running and development of the project, it's on the developers of the project, and Binance are delisting projects that did not live up to the expectation of investors, and no progress in the market.
exactly my point,there is nothing to be blame for the projects failure that the developer and the team . 
I have been using binance for a long time and I agree with what you say, even though many people say coins A, B or C but I never care about it because not all surges will occur after entering binance. honestly I use binance not because of the surge of coins that go in there but because of the security and responsibility of the team in case of hacking like some time ago
Binance cannot guaranty the longevity of any project a project can pass the criteria set by Binance but when it comes to running and development of the project, it's on the developers of the project, and Binance are delisting projects that did not live up to the expectation of investors, and no progress in the market.
It's same as Bitmax, kucoin, Okex too, many are blaming these top exchanges for making new projects lose value as if it's their faults, maybe investors already forgot that crypto is so volatile, ups and downs is definitely something we can't escape
Not just the popularity but the daily volume of an exchange can directly affect the coin that is going to be listed into its platform, binance is now one of the top exchange and coins are lining up to be listed and get exposed to big time investors, true that someday a more advance exchange will rise up with better security to offer and binance will be a second choice popularity will decrease and so will the coin wanting to get listed.
I can guarantee you that I will always join binance launchpad projects but I will never hold any projects from binance, dump is certainty so I recommend taking profits only the IEO pumps high and if you have good interest in the project pls come back few months later because the price will definitely be below IEO price
Binance is not the whole crypto industry, of course they cant promise ethernal growth
It used to be that way but not anymore, investors have learned a lot from their past experiences from investing coins coming from IEO, they should look on it on a long term basis, see the potential of the coin in a long term or if they are going to invest, be sure they know when to exit if the coin is going to get dump.
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.
You got this right, many projects are alive of binance exchange today because it is binance, the popularity of the exchange is what keeps the project alive, this means that not all projects that get listed on binance are good Jump to: