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Topic: Bnb after next 5years - page 5. (Read 1243 times)

legendary
Activity: 3094
Merit: 1127
September 19, 2023, 03:29:06 PM
#76
Everything will depend on what position Binance will occupy on the crypto market. If this exchange repeats the fate of FTX, then BNB can wait for something similar. I wouldn't consider such a long term investment as it's too risky to just hold BNB for 5 years. At the next bull sell early and then look at the situation, but the same behavior as in the case of holding bitcoin should not be applied to BNB.

Binance might fall, but that will not be like FTX. SEC can force them to wrap up their operations with Binance and operate outside of the USA. The only thing that can tear down Binance is a major hack. Binance offers most of the utilities of BNB, so if anything happens to Binance, BNB will face the consequences.

Everyone also thought that FTX would not be like MtGox, but it turned out to be a bit worse than the crowd expected. FTX not only went into debt, but was also hacked. There's no telling how shaky CZ's empire is. He may be telling us everything is fine, but in reality things are on a powder keg there. Huge projects can also go bankrupt and close down very lightning fast. Then they will pay investors their money for decades, like the infamous MtGox.

The situation for FTX was different. They have done insider trade with customer funds and taken massive losses; they have donated money in an election campaign with customer funds; they have used laxurious resorts; and they have done unnecessary expenses with customer funds... Binance hasn't done anything like this till now. If they do, we would know that from the SEC already.

Binance's reserve of funds is transparent and audited. It shows they have more than 100% of their customer funds, and it's not in their exchange token, BNB, like FTX has done. If they have to shut down their exchange, they will be able to return all of their customer funds. If their audit report doesn't lie, then they will not go bankrupt like FTX.
We could really see that transparency and we arent that blind that they are really that capable enough on paying up their users funds if ever there would be some bankrupt which they have called it SAFU funds.
This is the reason on why they do get that trust and confidence even more and this had been proven out on that previous problem that Binance did experience on which they do really be able to reimburse into those people who are affected which it did make out some bad impressions but it didnt last that long because Binance did really show that they are really that capable on paying it up. Comparing to FTX then those are solid
points that you had mentioned when it comes to spending on things plus that having transparency which it is the main reason on why Binance is really that still sitting on the top if we do speak about
the current exchange platforms that we do have today but i do agree on some points above that placement or ranking on next 5 years would really be still not an assurance about their dominance in the market,
we cant really be able to know on what are the things that could happen in the market in that time.
hero member
Activity: 1232
Merit: 516
September 19, 2023, 02:09:50 PM
#75
Everything will depend on what position Binance will occupy on the crypto market. If this exchange repeats the fate of FTX, then BNB can wait for something similar. I wouldn't consider such a long term investment as it's too risky to just hold BNB for 5 years. At the next bull sell early and then look at the situation, but the same behavior as in the case of holding bitcoin should not be applied to BNB.

Binance might fall, but that will not be like FTX. SEC can force them to wrap up their operations with Binance and operate outside of the USA. The only thing that can tear down Binance is a major hack. Binance offers most of the utilities of BNB, so if anything happens to Binance, BNB will face the consequences.

Everyone also thought that FTX would not be like MtGox, but it turned out to be a bit worse than the crowd expected. FTX not only went into debt, but was also hacked. There's no telling how shaky CZ's empire is. He may be telling us everything is fine, but in reality things are on a powder keg there. Huge projects can also go bankrupt and close down very lightning fast. Then they will pay investors their money for decades, like the infamous MtGox.

The situation for FTX was different. They have done insider trade with customer funds and taken massive losses; they have donated money in an election campaign with customer funds; they have used laxurious resorts; and they have done unnecessary expenses with customer funds... Binance hasn't done anything like this till now. If they do, we would know that from the SEC already.

Binance's reserve of funds is transparent and audited. It shows they have more than 100% of their customer funds, and it's not in their exchange token, BNB, like FTX has done. If they have to shut down their exchange, they will be able to return all of their customer funds. If their audit report doesn't lie, then they will not go bankrupt like FTX.
staff
Activity: 2436
Merit: 2347
September 19, 2023, 12:10:03 PM
#74
Everything will depend on what position Binance will occupy on the crypto market. If this exchange repeats the fate of FTX, then BNB can wait for something similar. I wouldn't consider such a long term investment as it's too risky to just hold BNB for 5 years. At the next bull sell early and then look at the situation, but the same behavior as in the case of holding bitcoin should not be applied to BNB.

Binance might fall, but that will not be like FTX. SEC can force them to wrap up their operations with Binance and operate outside of the USA. The only thing that can tear down Binance is a major hack. Binance offers most of the utilities of BNB, so if anything happens to Binance, BNB will face the consequences.

Everyone also thought that FTX would not be like MtGox, but it turned out to be a bit worse than the crowd expected. FTX not only went into debt, but was also hacked. There's no telling how shaky CZ's empire is. He may be telling us everything is fine, but in reality things are on a powder keg there. Huge projects can also go bankrupt and close down very lightning fast. Then they will pay investors their money for decades, like the infamous MtGox.
legendary
Activity: 3780
Merit: 1418
September 18, 2023, 02:18:40 PM
#73
Few years ago, didn’t though that bnb could reach such milestone as it is 3rd most invested altcoin in crypto world. But most of exchange tokens are fall down for being useless (only use for discounting exchange fee) as well as after exchange get hacked. So what do you think about bnb in next 5years?
Is it really worth for long investment?  Will it increase like ether or become dump like others exchange coins?

Honestly you are thinking too far ahead for crypto.  Trying to see where an altcoin might be in 5 years is just a wild guess.  No one on here can tell you where any of these coins will be probably even a year from now on terms of pricing.  If ypu like a project and have the money buy in.  When that projects ideals and output goes sideways or backwards that's when it's time to pull out.  The price will be what it will be.
hero member
Activity: 1232
Merit: 516
September 18, 2023, 01:47:53 PM
#72
Few years ago, didn’t though that bnb could reach such milestone as it is 3rd most invested altcoin in crypto world. But most of exchange tokens are fall down for being useless (only use for discounting exchange fee) as well as after exchange get hacked. So what do you think about bnb in next 5years?
Is it really worth for long investment?  Will it increase like ether or become dump like others exchange coins?

Everything will depend on what position Binance will occupy on the crypto market. If this exchange repeats the fate of FTX, then BNB can wait for something similar. I wouldn't consider such a long term investment as it's too risky to just hold BNB for 5 years. At the next bull sell early and then look at the situation, but the same behavior as in the case of holding bitcoin should not be applied to BNB.

Binance might fall, but that will not be like FTX. SEC can force them to wrap up their operations with Binance and operate outside of the USA. The only thing that can tear down Binance is a major hack. Binance offers most of the utilities of BNB, so if anything happens to Binance, BNB will face the consequences.
hero member
Activity: 3066
Merit: 629
20BET - Premium Casino & Sportsbook
September 18, 2023, 12:56:56 PM
#71
Going back to to $686 is possibility if bitcoin make new all time high price but the same with BNB,
IMHO, it's not just BTC that should make a new ATH by that time for BNB to go back to that ATH. But also Ethereum as it's the major altcoin in the market and it's still has got trading pair on it for various exchanges.

current bitcoin price keep stable in lower and difficult to see BNB raise with new higher price again.
And for that reason, it is going to take time before we see that happen. Maybe next year or two, no one knows. But if you're holding it you're fine to wait for the right time until you are able to sell it on a profit. While mentioning the biggest three cryptos currently in the market, not including the stable coin. It's just a matter of time again that we're going to see most of them are soaring high again in prices. The demand will eventually have to increase and with the BTC ETF applications that will be approved by the SEC in no time, there will be reasons for the market to go up again.
legendary
Activity: 3346
Merit: 1128
September 18, 2023, 12:00:16 PM
#70
Only bitcoin is worth to be held that long, now some good altcoins like ETH and BNB could be held for periods of one year or less, but you need to keep your eyes open as altcoins can present problems and collapse almost overnight, and while ETH and BNB are way more solid than almost all altcoins, there are still some issues with both of those coins which could make them disappear during the next decade, and you do not want this to happen while you are invested in any of those coins.
Supporting this mate, "ONLY BITCOIN" is the worth trusting for long term though there are some altcoins that we can put on also like those you mentioned .
and if we are looking for another decade(though the question is nfor 5 years term) yet I don't wanna trust exchage coins for that long time.
maybe aiming to buy Bitcoin instead(or etehreum for that sense)
That is definitely the way to go if you want to invest into just one thing. Too many people are missing it and they should end up with something that would make more sense. I understand that it is not going to be that easy but we could end up with a good result eventually if we invest into it carefully.

It is a hard job and a lot of people end up not really knowing if they should or not, but if you just invest into bitcoin and nothing else you should be doing fine. It is going to take some time but as long as we can do it, we should be fine with it. I believe it is not that hard and could be a good deal. Of course that doesn't mean you shouldn't invest in other things, it just means you do not have to.
sr. member
Activity: 2114
Merit: 309
September 14, 2023, 11:31:56 AM
#69
So after saying all those positive things and everything about Binance, you said that BNB will only go to $1k after 5 years? Most people are expecting it to go across that mark within the bull run that is coming up (probably) because we have already seen it going up a lot, the all-time high of BNB is around $686, and the market would probably expect it to go above that mark if Bitcoin manages to cross its all-time high of $69k which should be an easy target if the bull run comes.

However, the price and value of BNB will totally depend on the position of Binance in the future. If the exchange manages to maintain its position at the no. 1 spot among the centralized exchanges and people keep believing and using it, BNB will surely prosper, but if it happens to be the other way around, we might see BNB losing value eventually.
Depend with Binance exchange condition in the future are securing from SEC target or not? I don't think easily for BNB raise to $1k in the future because many bad news and try to make Binance difficult keep existing in long term. Probably if Binance success become more popular in the future no doubt with BNB coin will raise to higher price including they are opening new launchpad every month, but right now Binance looks calm after many negative issues and difficult for BNB return to higher price again and stuck around $212.

Going back to to $686 is possibility if bitcoin make new all time high price but the same with BNB, current bitcoin price keep stable in lower and difficult to see BNB raise with new higher price again.
full member
Activity: 1176
Merit: 140
September 14, 2023, 09:16:05 AM
#68
Binance is one of the altcoins that has enormous potential because Binance is one of the altcoins that is very popular with investors and traders, and currently there are lots of bounties using the Binance network, of course because Banance has very low exchange fees. Moreover, so far Binance has remained in the top 10 of the crypto market. If you look at the potential that Binance has, I believe Binance will be able to reach $1000 within 5 years.
So after saying all those positive things and everything about Binance, you said that BNB will only go to $1k after 5 years? Most people are expecting it to go across that mark within the bull run that is coming up (probably) because we have already seen it going up a lot, the all-time high of BNB is around $686, and the market would probably expect it to go above that mark if Bitcoin manages to cross its all-time high of $69k which should be an easy target if the bull run comes.

However, the price and value of BNB will totally depend on the position of Binance in the future. If the exchange manages to maintain its position at the no. 1 spot among the centralized exchanges and people keep believing and using it, BNB will surely prosper, but if it happens to be the other way around, we might see BNB losing value eventually.
legendary
Activity: 3122
Merit: 1140
September 13, 2023, 01:59:32 PM
#67
...If you buy bnb now and it pumps to 1k+ in the bull run, you withdraw and wait for it to fall and buy back to wait for another bull run, you will definitely make more money than the person that bought and left it for consecutive bull runs.

I am sure that there are very few investors who sell at the maximum price and then buy the asset again at the minimum price. Most in the market are exactly those who buy coins when their price has reached a maximum, and then sell their coins when dumping, fixing a loss.
What do we expect those who rush in to buy when the price is at it pick,  will always be at discomfort and could easily be forced to sell,  this is what is expectrof them,  because since they could not exhibit the patents to wait for the price to slid down before buying,  they won't also have the patents to wait for the long terms if the price does not go in they directions,  this have been the most evident situation with those that are mostly carried away by the fud.


But as for BNB,  I think the coin have enough ecosystem that could sustain it long term market projections and also investors' motivation since bnb is the fee coin for an exchange.
Peak you mean? Its a common approach where someone would really be that be hooked up with FOMO on the time that the price is really that on its peak on which it is really that a common approach for most people.
To those who do have that experience on how this market behaves will really be having the idea on what are the actions should be made or they are really that aware on when to get out and to get in.
Speaking about BNB situation or condition on next 5 years cant really be known because it would really be totally reflecting out into their companies reputation and popularity which would really be that basing up its value + that market condition or status.If you do have trust and confidence on Binance then stashing out BNB wont really be an issue for you but dont make yourself that fully confident because anything could really happen
along the way on which when it comes to market ranking and position then there's those things which come and go and this is something that you should need to look at and consider.
legendary
Activity: 2268
Merit: 1655
To the Moon
September 13, 2023, 12:16:12 PM
#66
...But as for BNB,  I think the coin have enough ecosystem that could sustain it long term market projections and also investors' motivation since bnb is the fee coin for an exchange.

The usefulness of the BNB coin lies not only in the fact that the trader receives a discount on the commission when trading, Binance has provided many more different incentives for holders of this coin, including participation in Launchpads and launchpools. And we should not forget that BNB is a native token of the Binance Smart Chain network.
hero member
Activity: 910
Merit: 507
September 12, 2023, 05:16:48 PM
#65
...If you buy bnb now and it pumps to 1k+ in the bull run, you withdraw and wait for it to fall and buy back to wait for another bull run, you will definitely make more money than the person that bought and left it for consecutive bull runs.

I am sure that there are very few investors who sell at the maximum price and then buy the asset again at the minimum price. Most in the market are exactly those who buy coins when their price has reached a maximum, and then sell their coins when dumping, fixing a loss.
What do we expect those who rush in to buy when the price is at it pick,  will always be at discomfort and could easily be forced to sell,  this is what is expectrof them,  because since they could not exhibit the patents to wait for the price to slid down before buying,  they won't also have the patents to wait for the long terms if the price does not go in they directions,  this have been the most evident situation with those that are mostly carried away by the fud.


But as for BNB,  I think the coin have enough ecosystem that could sustain it long term market projections and also investors' motivation since bnb is the fee coin for an exchange.
legendary
Activity: 2268
Merit: 1655
To the Moon
September 12, 2023, 02:45:05 PM
#64
...If you buy bnb now and it pumps to 1k+ in the bull run, you withdraw and wait for it to fall and buy back to wait for another bull run, you will definitely make more money than the person that bought and left it for consecutive bull runs.

I am sure that there are very few investors who sell at the maximum price and then buy the asset again at the minimum price. Most in the market are exactly those who buy coins when their price has reached a maximum, and then sell their coins when dumping, fixing a loss.
staff
Activity: 2436
Merit: 2347
September 12, 2023, 01:31:07 PM
#63
Few years ago, didn’t though that bnb could reach such milestone as it is 3rd most invested altcoin in crypto world. But most of exchange tokens are fall down for being useless (only use for discounting exchange fee) as well as after exchange get hacked. So what do you think about bnb in next 5years?
Is it really worth for long investment?  Will it increase like ether or become dump like others exchange coins?

Everything will depend on what position Binance will occupy on the crypto market. If this exchange repeats the fate of FTX, then BNB can wait for something similar. I wouldn't consider such a long term investment as it's too risky to just hold BNB for 5 years. At the next bull sell early and then look at the situation, but the same behavior as in the case of holding bitcoin should not be applied to BNB.
full member
Activity: 1025
Merit: 100
PredX - AI-Powered Prediction Market
September 12, 2023, 12:35:19 PM
#62
Binance is one of the altcoins that has enormous potential because Binance is one of the altcoins that is very popular with investors and traders, and currently there are lots of bounties using the Binance network, of course because Banance has very low exchange fees. Moreover, so far Binance has remained in the top 10 of the crypto market. If you look at the potential that Binance has, I believe Binance will be able to reach $1000 within 5 years.
full member
Activity: 2170
Merit: 182
“FRX: Ferocious Alpha”
September 11, 2023, 11:30:23 PM
#61
Few years ago, didn’t though that bnb could reach such milestone as it is 3rd most invested altcoin in crypto world. But most of exchange tokens are fall down for being useless (only use for discounting exchange fee) as well as after exchange get hacked. So what do you think about bnb in next 5years?
Is it really worth for long investment?  Will it increase like ether or become dump like others exchange coins?
but talking about another 5 years? i think Exchange coin is not that safer for long term , there are lots of attacks against kind of sites and for me ?
i would rather maintain Bitcoin as long term holding such 5 yeas than BNB.
sorry for Binance supporter but this is not the coin for me to be carried for anothe 5 years.
Only bitcoin is worth to be held that long, now some good altcoins like ETH and BNB could be held for periods of one year or less, but you need to keep your eyes open as altcoins can present problems and collapse almost overnight, and while ETH and BNB are way more solid than almost all altcoins, there are still some issues with both of those coins which could make them disappear during the next decade, and you do not want this to happen while you are invested in any of those coins.
Supporting this mate, "ONLY BITCOIN" is the worth trusting for long term though there are some altcoins that we can put on also like those you mentioned .
and if we are looking for another decade(though the question is nfor 5 years term) yet I don't wanna trust exchage coins for that long time.
maybe aiming to buy Bitcoin instead(or etehreum for that sense)
legendary
Activity: 1302
Merit: 1089
Goodnight, o_e_l_e_o 🌹
September 11, 2023, 04:42:33 PM
#60
I imagine over the next 5 years BNB could do well, but for the near-term, maybe around the next year or so, I only see it going lower. This is the BNB/BTC chart and personally I see another 50-60% drop...

We can consider this chart differently, i.e. now BNB is at its support level and if it holds, then we will be able to see a further increase in the price of BNB in relation to Bitcoin. But all this will ultimately depend on the general state of the cryptocurrency market and the state of the global economy.

No matter how promising any altcoin is, I can never consider it for a long term investment such as 5yrs. 5yrs is alot of year and many things can happen before then. Even I cannot hold the mighty bitcoin for 5yrs. If I hold and meet a bull run, I sell and start the circle again. If anyone is to invest in the altcoins, it should be for bull run purposes and nothing more.
If you buy bnb now and it pumps to 1k+ in the bull run, you withdraw and wait for it to fall and buy back to wait for another bull run, you will definitely make more money than the person that bought and left it for consecutive bull runs.
hero member
Activity: 2576
Merit: 586
September 11, 2023, 09:08:33 AM
#59
Few years ago, didn’t though that bnb could reach such milestone as it is 3rd most invested altcoin in crypto world. But most of exchange tokens are fall down for being useless (only use for discounting exchange fee) as well as after exchange get hacked. So what do you think about bnb in next 5years?
Is it really worth for long investment?  Will it increase like ether or become dump like others exchange coins?
but talking about another 5 years? i think Exchange coin is not that safer for long term , there are lots of attacks against kind of sites and for me ?
i would rather maintain Bitcoin as long term holding such 5 yeas than BNB.
sorry for Binance supporter but this is not the coin for me to be carried for anothe 5 years.
There is nothing to be sorry about, it's a fact that coins that are backed by exchanges or other platforms tend to have the risk of losing value over time based on the popularity level of the platform. So if Binance manages to have the same level of dominance and popularity after 5 years, BNB will surely be doing great by then, however, if Binance loses its credibility and people stop using it and it doesn't stay the same, BNB won't be the same as well.

So, there is nothing wrong in being skeptical about such investments because only the ones who have a lot of trust in Binance will have confidence in investing in BNB and keeping it for as long as 5 years because they believe Binance will keep maintaining its position and BNB will be huge by then.
full member
Activity: 2590
Merit: 228
September 10, 2023, 09:39:22 PM
#58
Only bitcoin is worth to be held that long, now some good altcoins like ETH and BNB could be held for periods of one year or less, but you need to keep your eyes open as altcoins can present problems and collapse almost overnight, and while ETH and BNB are way more solid than almost all altcoins, there are still some issues with both of those coins which could make them disappear during the next decade, and you do not want this to happen while you are invested in any of those coins.
that is actually same as my concern mate because like what said by most about Binance exchange , it is not as safe comparing to other coins specially bitcoin, yes it is popular as how much it had turned from the time it was released but we also knew how much the rick we are facing because there are other exchange coins that experienced a sudden dump.
hope that we will continue making profit before it drops bad in the future.
5 years seems long but it's not longer than 10 or more years and BNB or it's exchange have already survived for I think more than 5 years so they probably can survive another set of the said year. You are too confident about Bitcoin but in reality, we don't even know if it will still be strong like now after the next 5 years.
but there are even other exchange that stands long and some face and also exchange is not far from what mixing site facing , so there are lot of risk if we will   keep this for holding.
Quote
I mean what if there's a coin that are created which are better than it? Or there will be a new found issue which can affect it badly? Or there are now super computers that can be a threat to it? I'm not with the side of BNB but I'm just telling the possibilities so that we won't look like we are biased with the other. Bitcoin is always been praised and it sounds annoying anymore to be honest.
nothing is impossible  mate, yeah maybe we cannot confirm that for now , but in the back of our mind we knew that something is coming in that same sense sooner .

hero member
Activity: 2996
Merit: 609
September 10, 2023, 02:15:03 PM
#57
Few years ago, didn’t though that bnb could reach such milestone as it is 3rd most invested altcoin in crypto world. But most of exchange tokens are fall down for being useless (only use for discounting exchange fee) as well as after exchange get hacked. So what do you think about bnb in next 5years?
Is it really worth for long investment?  Will it increase like ether or become dump like others exchange coins?

The price of BNB in the next five years will depend on how the exchange will behave and how much they comply with the regulations. In the recent case against Binance by the SEC,  it is difficult to predict the future of the exchange, as we have seen in the past, with big exchanges going down. For now, I think, invest in BNB, take profit, and exit.
This should he the focus, to make profit and exit as you are contented.
The next 5 years is long and the market might be on a better side in the future its just that no one can assure this and even the Binance itself can’t guarantee any of this, what you can do is to predict more realistic. The case with SEC can be a big threat, but hopefully Binance will handle this professionally and will inform the public about this. Binance continues to grow though, I can still see Binance as the top exchange in the next five years, let’s just hope for that.
5 years is indeed a long time and its true that there's no such thing about assurances knowing that this market is really that making that different cycle on which there would really be companies that

would come and go and if there's one that had been recognized and been adopted then for sure expect that there would be those old platforms which is really be replaced.We do have that thing called cycle and of course that having that demand which it would really be totally be depending whether it did get such attention on the masses or not. Speaking about Binance then we know on how big and reputable this company when it comes to cryptocurrency on which their current usage and benefits did really give out that huge interest and preference for crypto people in terms of trading aspect
and other some benefits too but we should not really remove into our minds that risks is always there.

If you do tend to hold up BNB for long time then you should really be wise on when to get out when things goes wrong. Anything could really happen along the way on which this is always been the primary risks which isnt limited for BNB but in every coins that we do have in the market which tendency on getting replaced is really there.
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