Topic: BNB VS Eth - Invest in ETH since BNB is centralized - page 5. (Read 1007 times)

You shouldn't put all your eggs in one basket. I'm not a hater of ETH or BNB but I wouldn't let them be majority of my investment package though. I prefer heavily BTC but it's always good to have some ETH and some BNB.

This comparison is not healthy as they have some kind of different usage area. BNB has straight connection to its centralized exchange and its owners. ETH is more decentralized if not at all but it has some weak points too.

defi are going to phase out soon . i can feel it because they are now starting to get dull . only those yeild farm are making them alive but once those are phase out as well that will be game over for defi but there may still more to come onwards after that .

 in the meantime while waiting for that , theres already an eth 2.0 that are ongoing which can help attract more people to join in eth . i think this alone can beat binance bnb coin and theres also one major disadvantage of binance which is its more centralized .

Perhaps, you can buy both, but you can give a big portion of ethereum and not give too big in BNB. Using that way, you can expect to make a profit from both coin ethereum and BNB. Ethereum and BNB are listed on many exchanges, so I think you can see that both ethereum and BNB will have a chance to increase in the future. But as we know that ethereum is bigger than BNB, I think ethereum will take the opportunity to rise high than BNB.

But that will be back to your funds, and make sure you can search for more info or analysis, so you can choose what coin you can buy later.

This is one of the biggest problems I have as well. I know BNB is centralized and I know that how much BNB gains value depends on how great binance does and that centralized situation makes it difficult for me to get involved too heavily, however binance has a great track record and I can see them being awesome in the future, which is why I think it is quite important to follow them up and have some BNB to make a profit with all the things they are providing to it.

However we all know how awesome ETH is as well, it is THE coin for everything and it gets more and more popular every passing year, this year was specially exceptional and there is no reason not to buy ETH right now. It is a big dilemma that I can't seem to shake and I don't know which one to pick.

What you're saying is true, but putting your trust on one person and a centralized platform and coin < trusting a truly decentralized and proven blockchain, not saying ETH is one of them but it's way better in terms of decentralization, that's the whole point behind the comparisons like this, of course all of this does not prove a coin will be going up in price more than the other one and it surely doesn't mean it's going to be a better investment but just as a cryptocurrency and blockchain enthusiastic you find the more decentralized ones more appealing specially when there are that many good options like Monero.


Exactly, for instance if binance got hacked again right now you will be easily losing 20% or more money short-term just because of that incident alone, now just imagine if some real shit happens to this exchange, it can as easily gets to zero and not even get a single dead cat bounce on price so that you have a chance to save 5-10% of your investment.

ETH cannot be compared with BNB not even in rarest dreams. ETH has a fight with coins like Chainlink or something. BNB is altogether different. BNB's success is altogether dependent upon the success of Binance as an exchange and nothing else, rest everything is a hoax. Moment Binance begins to lose its market share BNB will start falling too. BNB's value is generally maintained using those coin burns that they have every quarter or something. Apart from that there is no utility that BNB provides. While ETH as of now has been the most useful platform. Not only it supported that token wave alot now it's supporting the deFI wave too and expected to create a renaissance using smart contracts too. But the problem with ETH is that it won't remain a utility coin if it's price goes.

Here's the issue: In every smart contract transaction a certain amount of ETH is spent. Whether it's the creation of that contract, execution or anything else. Now in ETH terms this might be like 0.001 ETH but if the price goes to something like $500 this fee would come out to be $0.5. Now this still looks pretty low but for an automated platform these types of smart contracts will happen almost every second. Therefore making it pretty hefty for anyone to use ETH as a smart contract platform. This problem is so far solved by Chainlink. ETH's utility isn't in sending payments to each other.

I appreciate your opinion. I will prefer premises that differentiate the 2 coins and why you think they will be profitable, than stating the preferred coin to purchase base on your on opinion. Nobody knows which will be more profitable in this market, irrespective of the fundamentals profit is still the priority of most traders.So for whatever reason I will keep both coins but in different percentage to have share of the profit either one performs better than the others.

why should it be like that ?, investing in Binance is also a good choice,
Binance has a great future, moreover their CEO CZ is very good at developing Binance,
it is proven that their exchange platform is now number one in terms of security, volume etc.

Although BNB is not centralized there are many investment risks. Traders suffer a lot they do not understand the difference in the price of these currencies. Ethereum is therefore a very good currency for investment bitcoin is a store and Etherium is a platform. Etherium is not used as a common transaction currency but as a safe deposit of assets but can be trusted as a pump n dump finance token has an emerging value that relies almost entirely on legally questionable ICOs that can last forever. ETH since BNB is centralized is quite risky and extra valuable there is no hassle in the case of exchange. Traders are investing in Ethereum to increase the price of the currency.

It's a fight for upgrades and news.

This is how the investors are reacting to every upgrade and news a team announces. The announcement of ETH 2.0 has expected to see a pump and the same for any announcement that shall be made by BNB.

A trader and investor can easily get along with those and knows the flow of the market with such good or bad news.

After Vitalik upgrade anoounce upgarde 2to 2.0 ethereum now we can see how ethereum raise to higher price and I think better for investing in ethereum than BNB, I will choose BNB if CZ will update new information with hardfork or BNB upgrade, if not better keep waiting and staying with ethereum because potential for etehreum after upgrade become 2.0 give more benefit and investor will see etehreum back to higher price again. Just waiting how long this upgrade take time and give impact for ethereum become higher price again, every time vitalik look active how to promote ethereum become good decision coin for the future and give us chance to get profit together.

Why we need to choose between this two coins? Better if we have I don't need to choose because ethereum and BNN is one of my trusted coins that I invested and I believe they have a great value in the future and mnay projects to these coins happens so I don't see any problems of having both coins. If you believe that okay but every investors have also different think or prediction for every coin.

For me I will choose what coins that can give higher interest . If eth can give me large interest by staking why not , but if BNB can give more I think centralization will not be a big problem you are only taking that as an issue because of their exchange which is centralized.

I will enter my money for the project that I think can give me good profit  by investing in them whether it centralized or not.

ETH is the "by default" chain used for DeFi so far, as much more blockchain devs are familiar with Solidity.
Lot of open source code for ETH is available out there.

BNB is build out of COSMOS SDK and has been set private.
Heavily centralized is the trade off for Binance DEX to be way more efficient (faster and cheaper) than what is build on ETH.

Hopefully DeFi products and devs will progressively be leveraging more optimized chains than ETH in the future.

IMO you should never invest in BNB, you should go with ethereum because it is expensive, which means that whales cannot buy the much of the supply, furthermore it is too risky to invest in BNB since CEX has no warranty that your coins or their system is safe even they claims it but it is very risky so no whales will be interested to invest in it since if there is anything wrong with the exchange, they (the whales along with their investment) will be burnt.

In a situation like this I always recommend that people go for the both cryptocurrencies. BNB is a good cryptocurrency and it’s doing well, and that has the same with Ethereum. If you believe in both to the extent that you can’t really decide for yourself and you feel like they are both very good, then go ahead with it.

But, right from time Ethereum has been a better choice for me, so left for me, I will always go with Ethereum. ETH is the next cryptocurrency I buy most of the time apart from Bitcoin, and right now in my main wallet all I have there is 83% Bitcoin and the rest is Ethereum, no other altcoin is there. It’s just what I like.

BNB is not centralized, Binance DEX proves that they are decentralized,
indeed binance exchanges are centralized exchanges but they are a good project,
moreover CZ is very serious about running this project, I still love Binance and invest here.

I have both ethereum and BNB, but I don't hold it for the long term since I think ethereum and BNB will be good to sell after the price increase and buy back again if the price is down. The price of both ethereum and BNB still up and down, and both coins are behind bitcoin. If you want to have a long-term investment, bitcoin will be the best investment because having bitcoin is enough as an investment. The altcoin can be another short term investment, so if you see the price is good to sell, you can sell it right away.

I certainly not choose BNB over ETH, if that only the choice. I'm not saying BNB is not a good investment but that something practical to me and ETh has shown my desires than NBN can do.

ETH can be like Bitcoin, it shot up high at any moment.

They have different use cases and it depends on the user which will serve him best for a particular situation.
But most crypo users are more into eth rather than BNB. Because not all crypto users are BNB users.
But with eth, a lot of us have eth wallet at least at one point in our crypto journey.
And still holding some eth tokens. So basically, most of us interacted with eth platform and still using eth.
When it comes to investment advise, should follow your instincts and just get some tips from the users here.