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Topic: Binance Reign is nowhere near its end! - page 2. (Read 6687 times)

hero member
Activity: 2856
Merit: 667
July 17, 2019, 01:32:17 AM
#91

Even though many people see Binance as trying to monopolize the space, I see it as they're thinking as entrepreneurs whereas their competitors are "sleeping." And with that, they'll really reign for long.
binance didn't trying to monopolize crypto currency market.they recognized it due their platform has huge liquidity and trading volume that needed by every coins.traders prefer using this exchanges due many factors , not only about trading volume but also their secuirty to recover money after hacking case.
Even before the hack, they already have a lot of users, in fact we can see it in the total daily trading volume which sometimes will reach over a billion dollars. That's a lot of money, without trust, people will not risk their money in Binance, I think at this stage of the industry, Binance is really the most popular and the most trusted exchange in crypto.
sr. member
Activity: 1624
Merit: 341
Buzz App - Spin wheel, farm rewards
July 17, 2019, 01:26:41 AM
#90

Even though many people see Binance as trying to monopolize the space, I see it as they're thinking as entrepreneurs whereas their competitors are "sleeping." And with that, they'll really reign for long.
binance didn't trying to monopolize crypto currency market.they recognized it due their platform has huge liquidity and trading volume that needed by every coins.traders prefer using this exchanges due many factors , not only about trading volume but also their secuirty to recover money after hacking case.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
July 16, 2019, 10:30:33 PM
#89
What we need is more Binance clones setup so KYC cannot keep up. This US Binance is going to suck. i wish I was wrong but i don't want to be the one who has to pay on funds I already lost because i managed a win in the past. This shit is gambling and only getting taxed on the winning side is moronic.

I don't know how long Binance will keep this up though. G20 had just concluded and it seems that most exchanges will have to share it's data, at least that the way I understand it with their 'travel rule". It's either they run again from the government or really succumb to it.

Well I think when they ran last time it wasn't from the 5 eyes and i don't think they would be safe anywhere if they tried to run from the west as they already burned the asians side so whats left , russia? It's obvious they have already capitulated just by announcing they are creating different exchanges for various countries laws.
member
Activity: 854
Merit: 10
July 14, 2019, 05:02:20 PM
#88
So many coins are looking forward to listing g on Binance unlike other exchanges. Most of the time when you see people demand for exchange listing, you will see them asking "when Binance?" This shows that a lot of people of people still believe in Binance and project teams are looking for ways to be on it. Binance is still relevant.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
July 14, 2019, 04:09:45 PM
#87
People are not stupid. They can close an eye to let Binance delist some good coins such as Cloak and list a shit coin like Doge. But if the redline is passed, money from Binance will immediately be withdrawn to cold & web wallet, Okex, Huobi or Bittrex, Bitfinex... Binance is leading the cryptocurrency market but its competitors are not idling. Only a wrong move will make Binance lost its users to other exchanges, just like how Nokia was on top of mobile world and then sank in the sea.

True. However, most people don't seem to care about anything these days, willing to continue using the platform because of convenience and ease of use. For example, Facebook has been subject towards massive privacy leaks during the past years. Yet, people don't seem to care about their privacy as they continue to use Facebook in every way. I believe that the same thing could happen with Binance, where it becomes too big to fail that people won't even care if it becomes harmful towards the whole crypto industry.

As long as people continue to use Binance platform, it'll have quite an advantage over its competitors. Considering how big Binance has become within a short time frame, it's hard to tell if its "Reign" will come to an end anytime soon. With the recent launch of the DEX + Binance Chain, alternative exchanges like Coinbase, Bittrex, and Poloniex will have a hard time competing against it for the foreseeable future.

Nonetheless, no matter if Binance continues to be in the game or not, cryptocurrency has certainly reached mainstream adoption like never before. Hence, another alternative could take Binance's place if it fails within the future. Just my opinion Smiley
full member
Activity: 700
Merit: 101
BBOD Trading Platform
July 09, 2019, 11:29:50 AM
#86
Binance is one of the best Exchanger, I am sure Binance will remain a big Exchanger and will continue to survive, even proven that some time ago Binance Exchange lost 7k Bitcoin, but that did not have a bad effect on this exchanger.
member
Activity: 742
Merit: 21
Be the reason someone smiles today
July 09, 2019, 12:59:14 AM
#85
BNB has been one of the better investment coins during the bear market of 2018 (and still is). If you have a few thousand to throw at it, this would be one of your wiser investments as I don't see it suffering from any major bear trend anytime soon unless Binance actually closes their doors, but that is highly unlikely.

In the crypto world where uncertainty is king, BNB is a better investment than most.
full member
Activity: 966
Merit: 100
July 08, 2019, 09:45:18 PM
#84
Binance is really doing something amazing that's making them take the lead always;

* (Entrepreneurship-focused) They try new things always- Binance tries to bring surprises each time, trying new platforms, bringing new products whereas most of the competitors are stuck or wait for Binance to do and then copy which always leaves them steps behind

* Binance isn't acting greedy- Ideally, Binance has been one of the exchanges taking things pace by pace.. just look at te number of IEOs a month, and their maximum sales cap as well, the number of normal token listing a month, the trading fees, etc. In fact, Binance could issue as many IEOs as they want and it'll all be sold out, or even list as many tokens as they wish but they're taking steps carefully and not trying to be "greedy"

They've won many hearts already- Binance can be considered as one of the loved exchanges in the space.

Aside these are the numerous advantages of trading at Binance.

Even though many people see Binance as trying to monopolize the space, I see it as they're thinking as entrepreneurs whereas their competitors are "sleeping." And with that, they'll really reign for long.
I think because binance strategy management always satisfiying binance user, example they have been hack and not collapse, fund its save no one complain about that
full member
Activity: 1140
Merit: 103
Buzz App - Spin wheel, farm rewards
July 08, 2019, 09:37:38 PM
#83
Disappointed with the hack case yesterday, but binance managed to forget it and fix everything.
binance does good service, and the BNB has also become a truly profitable coin.

Indeed and this exchange has a good reputation to hold already. It has a best team and very popular among the masses, binance is very legit and very worth investing after all.
I would recommend it to people as well. They have a lot of trading pairs on there also their wallets aren't on maintenance mode 24/7.

As I've seen the current deals with binance their coin is getting stronger and demand also continue to rise. Furthermore, most of the people is more aware of their platform that's why it became popular these days. Don't expect for an end but rather expect more great news to follow.
sr. member
Activity: 364
Merit: 252
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July 08, 2019, 09:25:26 PM
#82
Disappointed with the hack case yesterday, but binance managed to forget it and fix everything.
binance does good service, and the BNB has also become a truly profitable coin.

Indeed and this exchange has a good reputation to hold already. It has a best team and very popular among the masses, binance is very legit and very worth investing after all.
I would recommend it to people as well. They have a lot of trading pairs on there also their wallets aren't on maintenance mode 24/7.
hero member
Activity: 2660
Merit: 551
July 08, 2019, 09:01:31 PM
#81
Disappointed with the hack case yesterday, but binance managed to forget it and fix everything.
binance does good service, and the BNB has also become a truly profitable coin.

I just by now you should have learn that Binance will cover all the funds through their SAFU, I think they have paid already if I'm not mistaken.

What we need is more Binance clones setup so KYC cannot keep up. This US Binance is going to suck. i wish I was wrong but i don't want to be the one who has to pay on funds I already lost because i managed a win in the past. This shit is gambling and only getting taxed on the winning side is moronic.

I don't know how long Binance will keep this up though. G20 had just concluded and it seems that most exchanges will have to share it's data, at least that the way I understand it with their 'travel rule". It's either they run again from the government or really succumb to it.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
July 08, 2019, 08:19:55 PM
#80
What we need is more Binance clones setup so KYC cannot keep up. This US Binance is going to suck. i wish I was wrong but i don't want to be the one who has to pay on funds I already lost because i managed a win in the past. This shit is gambling and only getting taxed on the winning side is moronic.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
July 08, 2019, 11:42:13 AM
#79
Binance is here to stay and it is definitely one of the best exchanges that are operating at the moment. They are listening to their audience and always make improvements in their project. Moreover, they are always adding new, outstanding features like margin trading.

Binance has been doing good since launch. They've been expanding at a slow and steady rate. Considering how much trust they've earned from people in the mainstream world, Binance could become a fierce competitor against established giants like Coinbase and Gemini. Its BNB coin not only has its perks, but it's also useful for interacting with Binance Chain and the DEX. If we look at how big Binance is right now, it looks very unlikely that its "Reign" will end anytime soon.

Even with US regulations, Binance seems to always find a solution for its customers. The platform will suspend trading for US customers by September 2019, but it'll re-open later. Being regulatory-compliant, is key towards long-term stability and success across the mainstream world. Where other exchanges fall, Binance takes the lead as the world's #1 crypto exchange.

Nonetheless, Binance's stance would be much of a concern to crypto enthusiasts as it's prone to become a monopoly within the future. If that happens, then crypto will become highly centralized like never before, in the hands of Binance. Hence, it's good for Binance to grow as an exchange, but not as a monopoly that would dominate the whole crypto industry. Just my thoughts Grin
member
Activity: 308
Merit: 10
Bitcoin is the future
July 08, 2019, 06:06:27 AM
#78
I just realised that at the pace at which binance is going, they can only run 12 ieos per year, this isn't too much at all, this isn't greed, There are exchanges that runs multiple ieos in a month. Binance transaction fees are OK too at the moment. Binance is cool
jr. member
Activity: 552
Merit: 1
July 08, 2019, 05:53:32 AM
#77
Binance has a sense of originality and I would say that is the secret that is keeping it going.
Most of the times, it is not as if they first started the process of whatever is making them to standout, but that they are creative in their ideas and do it better than others.
hero member
Activity: 1190
Merit: 541
July 08, 2019, 05:43:07 AM
#76
Binance is really doing something amazing that's making them take the lead always;

* (Entrepreneurship-focused) They try new things always- Binance tries to bring surprises each time, trying new platforms, bringing new products whereas most of the competitors are stuck or wait for Binance to do and then copy which always leaves them steps behind

* Binance isn't acting greedy- Ideally, Binance has been one of the exchanges taking things pace by pace.. just look at te number of IEOs a month, and their maximum sales cap as well, the number of normal token listing a month, the trading fees, etc. In fact, Binance could issue as many IEOs as they want and it'll all be sold out, or even list as many tokens as they wish but they're taking steps carefully and not trying to be "greedy"

They've won many hearts already- Binance can be considered as one of the loved exchanges in the space.

Aside these are the numerous advantages of trading at Binance.

Even though many people see Binance as trying to monopolize the space, I see it as they're thinking as entrepreneurs whereas their competitors are "sleeping." And with that, they'll really reign for long.

I don't see the binance monopoly on the cryptocurrency market. If many people choose binance to transact, it is because binance offers large liquidity and has been trusted by many investors.
Even if there will be a monopoly in the market, it will be as a result of the desire of most crypto users to give them that authority and not because they are doing anything fishy or illegal to gain the monopoly. There are virtually no traders that will not want to use or associate itself with Binance, people love to associate with successful people and company, and Binance is one that has proven to meet up in this area.

Binance being I the position they are today, is typically because they have won themselves into the heart of user because of their constant development in products and services. They have tried and trying everything possible to cover every area that a trader wants in an exchange, I guess that they must really be a good listener.
sr. member
Activity: 406
Merit: 250
July 07, 2019, 02:36:32 PM
#75
Binance is one of the best exchanges on the market.  I would even say that it is a monopolist.  Because I do not know more than one investor who would not use Binans.  Because I think that it satisfies investors in all respects.
member
Activity: 854
Merit: 21
July 07, 2019, 02:33:35 PM
#74
Binance is a proactive exchange that is way ahead of the other cryptocurrency exchanges because they see themselves as pace setters and their marketing, innovation and security efforts is the best in the cryptocurrency exchange market.
Binance will remain the best for a very long time as long as their principles remain the same.
member
Activity: 616
Merit: 12
Send&Receive Money Instantly, w/ no hidden costs
July 07, 2019, 11:53:32 AM
#73
0.05% taker and 0.05% maker is one of the lowest fees in industry.
It's their consistency that brought them here. With my long user of exchange, I never found a single issue to contact the support. The system is flawless.
The team behind are inovative and the exchange itself is inovative itself more than any other. They are also well known for delivering what they speak.

Yes, I agree with what you say, Binance, I think it will still be able to hold the championship over some of their extraordinary achievements. Besides their influence on how the market conditions will come and make it better should be more appreciated. The most important point is that I still don't see any reason that Binance will end
hero member
Activity: 700
Merit: 500
July 07, 2019, 03:36:28 AM
#72
Yes, Binance had a lot of problems. But all these problems were solved and the management of this exchange has always supported and provided technical support to its community. And if such a huge project can afford such actions then it has a very promising future.
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