Bnb after next 5years - page 7. | Bitcointalksearch.org

wxa7115

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Quote from: el kaka22 on September 01, 2023, 11:25:53 AM

Feels like it could do well, not amazingly well but it could do well and I think it is going to end up with a good return without a doubt. I think it should be important to remember that we are going to end up with a problem where it is going to be an issue. Yeah, it is not going to be that easy, but we should still make it happen one way or another.

I guess the biggest issue is that there will be some trouble when it comes down to having a trouble, and that should not be easy to handle, like that SEC thing. Without those troubles, BNB is amazing, it is going to be great profit and you are going to get rich thanks to it, keep on buying more and all that, BUT as soon as it faces those issues, it causes a bit of trouble.

Without a doubt BNB has had a great performance over the years which is what caused people all over the world to invest in it, however the issues of binance with the SEC are worrying, as I do not think the SEC is going to stop their maneuvers until they have inflicted serious damage to the exchange.

And if that is the case then people need to be very wary of investing on BNB, as they do not want to invest in BNB and then become trapped in it, similar to what we saw with those people which invested in ripple and that are still holding this coin hoping for a recovery that has yet to come.

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Feels like it could do well, not amazingly well but it could do well and I think it is going to end up with a good return without a doubt. I think it should be important to remember that we are going to end up with a problem where it is going to be an issue. Yeah, it is not going to be that easy, but we should still make it happen one way or another.

I guess the biggest issue is that there will be some trouble when it comes down to having a trouble, and that should not be easy to handle, like that SEC thing. Without those troubles, BNB is amazing, it is going to be great profit and you are going to get rich thanks to it, keep on buying more and all that, BUT as soon as it faces those issues, it causes a bit of trouble.

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Quote from: Nazmul012 on August 23, 2023, 05:15:05 PM

Quote from: _act_ on August 23, 2023, 04:39:02 PM

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But if Binance is hacked and coins were stolen. This would affect Binance exchange, the BNB and BUSD. BNB can fall to almost of no value and become shit coin and become useless for previous holders.

That's the reason why exchange coins are always risky. And i think bnb price will be effected in future because of being hacked and attacks as 5 years is very long time. Apart from that, bnb could be profitable invest in long period even still it is good to hold for next bull session. Risk is everywhere even others altcoins have also such possibilities but without risk, no profit will be gained. Or btc is only option for investment

Exchange coins or not, risks are always there. In fact exchange coins are a little better IMO because we can easily track their development/progress by simply basing on how their exchange goes while a normal crypto is harder to track, but maybe one indication to tell if they are going down is if they became silent suddenly and it continues after some time.

Binance is too big to get hacked easily and if it's possible, I'm sure that Binance will act quickly to fix it and they will improve their security once again to the highest level. BTC is not an option but BTC is the main coin here so it should also be the base of our crypto investments. Most crypto can also follow BTC so if BTC is strong, so as they.

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Quote from: Husires on August 28, 2023, 08:50:30 AM

I can't imagine that binance will continue to maintain leadership in the cryptocurrency market and all these regulations that are increasing day by day. Regulations will make it difficult for a highly liquid cryptocurrency platform to offer an optimal trading experience while complying with all regulatory legislation.

If you're unsure about Binance's position in the future, which platform do you think might take over the crypto trading landscape? Maybe another exchange, e.g. Coinbase, or could DEXes become more prominent?

While I agree that Binance is facing a lot of regulatory hurdles right now, I don't think it'll lose its dominance as a CEX unless CZ makes massive fraud like SBF did with FTX/Alameda. Cheesy

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Quote from: Justin999 on August 23, 2023, 04:30:30 PM

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?

Unable to reach the milestone then what about the milestone in 2021? BNB has reached its highest price of $690 source Coinmarketcap.
After that wait until the next cycle comes then it's something different maybe the price could be more than 2021 there are some predictions above $1000 for BNB.
BNB is a coin that is currently in 4th place on Coinmarketcap so it will probably happen in the next 5 years so I think BNB is still worth holding.

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I can't imagine that binance will continue to maintain leadership in the cryptocurrency market and all these regulations that are increasing day by day. Regulations will make it difficult for a highly liquid cryptocurrency platform to offer an optimal trading experience while complying with all regulatory legislation.
If you do that, it is easy to find that the price of BNB reaches $5,000 within 5 years, but if this does not happen, the probability that its price will be zero is the highest, and we at FTX have an important lesson of how mismanagement can be a reason for the collapse of the platform like a cookie.

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Quote from: Justin999 on August 23, 2023, 04:30:30 PM

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?

Five years is an eternity on this market so anything could happen during that period of time, with the ceiling being BNB becoming the second most important coin on this market, only behind bitcoin, while the bottom could be the binance exchange disappearing and as such BNB could disappear as well.

And since no one has an idea of which of those scenarios could become true then there is not much of a point thinking about them, and you should instead concentrate on scenarios way more meaningful and potentially profitable.

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Quote from: Mehedi72 on August 25, 2023, 05:57:55 PM

I don't see any real purpose of any exchange related altcoins, those are just created for their own platform. If their platform goes well, then token will increase. If not and rumor spread about exchange for holding withdrawals, sec issue is going to happened for illegal activities, then token will dump. Bnb has developed bsc blockchain, maybe that's why it demanding among other exchange altcoins but no surety what will happen after 5years.

Most exchanges don't exist for that long. Now binance has been on the market for about six years and it is already a great success for them that they have remained a top exchange for so long. But probably in five years a lot of things could change, in particular new laws on cryptocurrency regulation that could affect the activities of the exchange. As for BNB, the coin will probably be able to stay on the market anyway, like TRX, but it will have a lower value.

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Quote from: Justin999 on August 23, 2023, 04:30:30 PM

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?

BNB will be fine if you think Binance will be around in the next 5 years. BNB itself has no use case other than being a centralized ETH clone and a casino token. I don't see anybody paying/receiving BNB for the goods they purchase and sell. People only buy BNB to get rich and that rings an alarm bell in my book. What is going to happen to BNB if the SEC shuts down Binance completely? It won't be any good I can imagine. I would rather invest in the real decentralized projects like Bitcoin, Litecoin, Monero etc. These coins don't really fully depend on an exchange's existence. They will be around no matter what happens to a certain exchange.

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Quote from: Mehedi72 on August 25, 2023, 05:57:55 PM

I don't see any real purpose of any exchange related altcoins, those are just created for their own platform. If their platform goes well, then token will increase.

The performance from the platform doesn't represent the movement from the token.
The hype is the key factor that was pushing the price. The exchange site got hyped and people are massively buying the tokens. This situation was pretty much the same as when binance was getting so many users. This is also helping the token as well. I remember when the price of binance coin was worth nothing but it's worth a lot of money right now. The opposite thing happened with some exchange site like FTX or even hotbit. These exchange sites were leaving as exit scam.

Quote from: Mehedi72 on August 25, 2023, 05:57:55 PM

If not and rumor spread about exchange for holding withdrawals, sec issue is going to happened for illegal activities, then token will dump. Bnb has developed bsc blockchain, maybe that's why it demanding among other exchange altcoins but no surety what will happen after 5years.

The bad news related to the exchange site will be affecting people's mind to dump their assets. It doesn't matter how much money can be saved from there as long as it will not be gone with the exchange site that was being exit scam.
It's hard to predict what will happen in the five years later. There is a lot of things that can happen with it.

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Quote from: Justin999 on August 23, 2023, 04:30:30 PM

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?

It happened because BNB did the best thing it could do and show it to the community its value and use case, unlike other exchange tokens that are just useless which people have noticed it and supported BNB. We can say it was a great achievement already for Binance coin but of course, they aren't confident enough about their reach because we know how tough the market competition by now. They need to still work hard in order to keep the momentum and remain in their current position.

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5 years is such a long time and a lot of things may happen along the way, but if consistency is maintained within the coin network, then a lot of possibilities would have opened up for BNB and since BNB is the official liquidity coin for Binance exchange it then means that the coin success is tied to that of the exchange.

So as long as the exchange remains in business BNB will be fine, but if anything goes wrong with the exchange the coin potential will be drained and forced to nothing as well.

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Quote from: Mehedi72 on August 25, 2023, 05:57:55 PM

...Bnb has developed bsc blockchain, maybe that's why it demanding among other exchange altcoins but no surety what will happen after 5years.

5 years is quite a long time and I'm not sure that we will remember these forecasts years later. But I think we will still have the opportunity to buy BNB at a reduced price and sell after the bull run begins. Moreover, now there are high chances that bitcoin will continue to adjust, which means that the price of altcoins will decrease.

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Quote from: Justin999 on August 23, 2023, 04:30:30 PM

(.....)
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?

Binance coin (BNB) is just like other altcoins for me, they will always start with hype and after that, they will start to lay low.
But this BNB is different because for me, Binance Exchange is only the reason why they are on top, I don't convince of their chain which is the Binance Smart Chain (BSC), if Binance Exchange will be gone, BNB will be gone also.

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Quote from: shinratensei_ on August 25, 2023, 05:40:51 PM

Quote from: @sriyan on August 24, 2023, 12:54:49 AM

BNB price totally depends on the Binance Exchange. We know what happened to FTT after the FTX collapsed. If the Binance exchange collapses within the next 5 years, BNB, and BUSD will be shit coins. It will affect to the BEP20 tokens as well.

thats the thing with exchange token, even half a decade is a long enough timeframe for exchange to have various events occuring.
definitely there's always chance that an exchange might be collapsing in the future, like binance, it might be really strong company right now but no one knows what future truly holds.

if thats the case then i think its logical to invest in better option that just exchange token, i mean there are many new emerging blockchain token out there that potential far surpasses BNB in many aspects.
for the average people that should be good enough reasoning why investing in exchange token is quite bad idea already.

but there are people that i've seen quite faithful enough with BNB and binance that they are willing to put all their money into the coin for long term investments.

If Binance would be able to maintain its popularity and relevance then its exchange token based coin will really be increasing its value and same goes with other exchange token that we do have in the market and this had been the basic principles in regarding about the fundamentals basing up on the condition and popularity of its mother company or where it is really that based from.5 years time is really that still that too far or there are still lots of things that could happen along the way on which means that there's no assurance that it would really be still that popular or #1 on the upcoming years to come. There's no way on telling though because we know that there's no one that could really be able to predict on what are the things that would happen in the future.
As long Binance exchange platform would be existing and popular then its exchange token would definitely be that in high value, same goes in vice versa.

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I don't see any real purpose of any exchange related altcoins, those are just created for their own platform. If their platform goes well, then token will increase. If not and rumor spread about exchange for holding withdrawals, sec issue is going to happened for illegal activities, then token will dump. Bnb has developed bsc blockchain, maybe that's why it demanding among other exchange altcoins but no surety what will happen after 5years.

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Quote from: @sriyan on August 24, 2023, 12:54:49 AM

BNB price totally depends on the Binance Exchange. We know what happened to FTT after the FTX collapsed. If the Binance exchange collapses within the next 5 years, BNB, and BUSD will be shit coins. It will affect to the BEP20 tokens as well.

thats the thing with exchange token, even half a decade is a long enough timeframe for exchange to have various events occuring.
definitely there's always chance that an exchange might be collapsing in the future, like binance, it might be really strong company right now but no one knows what future truly holds.

if thats the case then i think its logical to invest in better option that just exchange token, i mean there are many new emerging blockchain token out there that potential far surpasses BNB in many aspects.
for the average people that should be good enough reasoning why investing in exchange token is quite bad idea already.

but there are people that i've seen quite faithful enough with BNB and binance that they are willing to put all their money into the coin for long term investments.

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Quote from: Justin999 on August 23, 2023, 04:30:30 PM

Few years ago, didn’t though that bnb could reach such milestone as it is 3rd most invested altcoin in crypto world

I wasn't also expecting that it will be big as it is right now. I should have bought when it was real cheap before.

Quote from: Justin999 on August 23, 2023, 04:30:30 PM

But most of exchange tokens are fall down for being useless (only use for discounting exchange fee) as well as after exchange get hacked.

If I bought before and I've seen the ATH and then with the price now, if I'm still holding it all I can say is that I am still in profit.

Quote from: Justin999 on August 23, 2023, 04:30:30 PM

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?

We have no idea, a lot of things can happen but many are still putting that in their portfolios so there's no problem with it if you are thinking of going long term to it.

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It purely depends on survival of Binance as exchange and same fate awaits for BUSD as they will go down in case Binance is replaced by some other exchanges as top exchange but if Binance is able to hold on to the top position then we will surely see massive pump in the value of BNB and I don't think it's easy to sustain on top. It may look like not a big deal but if we look back about last 10 years top crypto exchanges and their ranking it would answer our question.

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Quote from: kotajikikox on August 24, 2023, 02:45:45 AM

this is why I am afraid of trusting and investing in exchange coin because
just one hacking or downfall of the exchange and my investment is dead lol.
specially as we have seen something like what you mentioned about FT collapsed .
lets pray that this will never happen to Binance though assurance is impossible to produce.

You obviously forgot that BNB is not only an exchange coin, but also a native token of the BSC network and it gives more confidence to the holders of this coin. In addition, the opBNB network is currently being tested, aimed at solving the scalability problem, and in which BNB will also act as a native token. And despite today's Fud around Binance and BNB, you have to agree that the future of the coin looks optimistic.

Topic: Bnb after next 5years - page 7. (Read 1226 times)