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Topic: BNB Binance Coin --> Looking for reasons for not buying into this coin? (Read 3053 times)

hero member
Activity: 1218
Merit: 500
Why not? Binance becomes one of the most popular stock exchanges eclipsing against its background poloniex and others. It's harder and harder to add a new coin to binance. Therefore, as the exchange is being popularized, the price of the token will also grow.
full member
Activity: 721
Merit: 100
I want to believe in BNB I've invested in as much as I can. And wait a little patience. I expect BNB den nice gains. The first target is 20 dollars. I expect you to come soon.
full member
Activity: 420
Merit: 136
So I picked up some BNB cheap, been daytrading it a bit and made some money.

The signs for this coin are looking pretty good IMO, since the OKCoin founder is affiliated with Binance as well. And it is in Binance's interest to probably pump this coin a lot. Seen this video as well https://www.youtube.com/watch?v=32Z935Cziio&feature=youtu.be

Nevertheless, I think I should keep focus on this one and look for information that show signs why this coin is NOT a good one to hold longterm.

So I'm still holding my BNB. Until now I read mostly positive things on BNB, but I don't like to be 'blind' for the negative aspects of BNB. So what are the facts or reasons that this coin is probably not such a good one to hold longterm?

The only real reason I can think of is that there's a big drive in the community towards decentralised exchanges, when exchanges such as kyber are completed and launched we could see a movement away from the big centralised exchanges. Otherwise binance seems to be going from strength to strength and will only take more business away from bittrex and poloniex as they struggle.
full member
Activity: 233
Merit: 101
It's nice to have just to pay for transaction fees Cheesy
newbie
Activity: 58
Merit: 0
Binance has only .05% trading fees if you use BNB for the trade commissions.
Been trading alot and the cost has only been around .50cents and completed more than 2k of transactions.
You can use the below linkk to join
https://www.binance.com/?ref=10989383
member
Activity: 118
Merit: 10
I searched about binance so its just another exchange. But it gives users chance to use service with lower fees. If you are gonna use their exchange so it must be good to hold their coins, if you don't then it doesn't worth it.

It's a rapidly growing exchange btw. Now 16th on CMC.

It was 10th a few days ago on CMC.

Ok, so fastest dropping exchange on CMC. lol
newbie
Activity: 30
Merit: 0
I searched about binance so its just another exchange. But it gives users chance to use service with lower fees. If you are gonna use their exchange so it must be good to hold their coins, if you don't then it doesn't worth it.

It's a rapidly growing exchange btw. Now 16th on CMC.

It was 10th a few days ago on CMC.
member
Activity: 118
Merit: 10
I searched about binance so its just another exchange. But it gives users chance to use service with lower fees. If you are gonna use their exchange so it must be good to hold their coins, if you don't then it doesn't worth it.

It's a rapidly growing exchange btw. Now 16th on CMC.
sr. member
Activity: 401
Merit: 250
Presale is live!
I searched about binance so its just another exchange. But it gives users chance to use service with lower fees. If you are gonna use their exchange so it must be good to hold their coins, if you don't then it doesn't worth it.
sr. member
Activity: 1162
Merit: 260
So I picked up some BNB cheap, been daytrading it a bit and made some money.

The signs for this coin are looking pretty good IMO, since the OKCoin founder is affiliated with Binance as well. And it is in Binance's interest to probably pump this coin a lot. Seen this video as well https://www.youtube.com/watch?v=32Z935Cziio&feature=youtu.be

Nevertheless, I think I should keep focus on this one and look for information that show signs why this coin is NOT a good one to hold longterm.

So I'm still holding my BNB. Until now I read mostly positive things on BNB, but I don't like to be 'blind' for the negative aspects of BNB. So what are the facts or reasons that this coin is probably not such a good one to hold longterm?
Can i ask you is there a benefit by holding bnb token? Because i don't know about that and it seems just a new token for me. I mean some project related to build the future exchange site was offering the dividend shares into the investors.
member
Activity: 85
Merit: 10
So at the moment to transfer from Binance exchange to your wallet or visa versa from your wallet to Binance exchange is no fee.

After 24th August you will be charged a fee to transfer.

If you own Binance coin the fees will be half the cost compared to if you dont.
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
OKCoin and BNB Binance. Completely new to me but I am scouting for new alts to get into so will look these up. But if you're not even looking at BNB long term why would you want to spend any time on it? Just move on.

Also: what exactly is this fee you mention? Why would you get into BNB for a "free fee"?
full member
Activity: 210
Merit: 100
If you invest in Binance, look for Bytom too...

Yesterday Binance have    $82,418,265 volume. To 24.08. is free fee, then you could reduce 50% off with BNB. So mybe will be afther this date even better....people will buy BNB to reduce fee...   
member
Activity: 118
Merit: 10
So I picked up some BNB cheap, been daytrading it a bit and made some money.

The signs for this coin are looking pretty good IMO, since the OKCoin founder is affiliated with Binance as well. And it is in Binance's interest to probably pump this coin a lot. Seen this video as well https://www.youtube.com/watch?v=32Z935Cziio&feature=youtu.be

Nevertheless, I think I should keep focus on this one and look for information that show signs why this coin is NOT a good one to hold longterm.

So I'm still holding my BNB. Until now I read mostly positive things on BNB, but I don't like to be 'blind' for the negative aspects of BNB. So what are the facts or reasons that this coin is probably not such a good one to hold longterm?
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