BNB will remain valuable for a long time - page 10.

kpierce77

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Quote from: CaVO32 on April 14, 2021, 04:26:30 PM

Quote from: darewaller on April 14, 2021, 04:14:50 PM

Quote from: bL4nkcode on April 14, 2021, 02:19:04 PM

As long as the exchange is running and keep the people's trust it will remain valuable, especially now that it competes ETH blockchain. We might see blockchain projects from eth shifting to BSC, well, there are some already.

There are many projects are adopting BSC by leaving off ethereum because of high transaction fee problems. When there would be a need of cheaper transactions and effective platform for dapps then binance may remain valuable forever. At the same time we cannot assure about attaining a stable price level in any near future.

Like many people are mentioning, BNB might be imitating the price fluctuating pattern of ETH. This way some experts are speculating about it will be reaching $1000 mark by end of this year. So, at least for near future it will remain valuable and profitable as well.

I won't say they will remain valuable forever as there will be new technology that may surpass what they are offering in the future. But for now, what they have is very favorable to a lot of users as well as developers. I believe this change of heart among crypto users from eth to bsc has already reached the eth team. So more than likely, once they unveil their berlin hard fork, there may be improvements in eth network. Interesting to see what advances they will make this time. They need to gain again the interest of crypto users on their platform.

New technology won't be as easy as turning your palm. I'm also sure there will be new innovations but not in the near future. The problem that Ethereum faces today is quite complex and BNB is able to come up with a better solution. I don't think that ethereum has lost the competition, but if we look at some of the projects with an almost identical product like polkadot, they can't even come close to the current BNB level.

Oilacris

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Quote from: Vaculin on April 14, 2021, 05:43:22 PM

Quote from: J1mb0 on April 14, 2021, 02:12:22 PM

ETH is stuck at too high a cost and tokens issued on the ETH platform are not welcomed by investors.
In contrast, BNB is doing their job well, most projects on the BSC platform are successful, especially those listed on the Binance exchange.
If ETH fails to solve the problem of transaction fees they will most likely be ignored by BNB in the race.

Which is it gives away for BNB to increase its market demand and it continue to rally until now (even in the future) as the issues in regards to ETH high fees not yet resolved. Maybe I was wrong but it is possible that BNB will dethrone ETH if the situation will continue.
Currently, BNB is at $539, that was a proof that BNB is not only in hypes but the market demand pushing its price to move almost every day.

This isnt some sort of hype because BNB can really show off some real utility which other coins in the market cant really able to give specially now that fees are rising up ridiculously high compared to others

which did really spark out more interest not just its been dragged off with binance's current popularity but rather it did really spark out into its actual usage which i dont see anything

wrong or make out criticisms on that and bit sure that it would really be a valuable thing for a long time thats if there are no possible problems that would arise soon.

Vaculin

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Quote from: J1mb0 on April 14, 2021, 02:12:22 PM

ETH is stuck at too high a cost and tokens issued on the ETH platform are not welcomed by investors.
In contrast, BNB is doing their job well, most projects on the BSC platform are successful, especially those listed on the Binance exchange.
If ETH fails to solve the problem of transaction fees they will most likely be ignored by BNB in the race.

Which is it gives away for BNB to increase its market demand and it continue to rally until now (even in the future) as the issues in regards to ETH high fees not yet resolved. Maybe I was wrong but it is possible that BNB will dethrone ETH if the situation will continue.
Currently, BNB is at $539, that was a proof that BNB is not only in hypes but the market demand pushing its price to move almost every day.

kevindjunaidi

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Quote from: Amejoaquim on April 13, 2021, 09:02:25 PM

I've been holding this coin more than 2 years and still counting.

My target for this coin is $2k and i hope my goal can be reach in this year or maybe next year.

BSC is the future

I am sure your target will be achieved, but I think if the price of BNB reaches $2000 this year, then it will be difficult, because the distance is too far, but I am sure if the price of BNB will reach at least $1000 this year and I hope the market cap continues to increase, then the price of cryptocurrency will definitely increase very high (bull run), so that your target can be achieved this year (BNB price reaches $2000).

Danslip

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Quote from: jjdub7 on April 14, 2021, 06:48:49 AM

I completely agree with you and I think that the BNB will continue to accumulate value and more and more people will turn to it and invest for this reason, even if they do not use it for transactions in the Binans ecosystem.
Binance Coin is a exelent oportunity.

l think also that BNB will keep getting up and there is really a lot of opportunity for us. Overall this year would be better for some altcoins than other years. That is why including BNB and also other currencies have reached their own ATH and it seems it will not stop. BNB has always been valuable for long-term investment, for that l think we can make a good profit from this coin in the future.

RealMalatesta

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Quote from: adekogbe on April 13, 2021, 06:24:00 PM

While BNB appeals to the wider crypto users because the binance smartchain currently seem to have overcome the biggest issue that most cryptocurrency users have with bitcoin ethereum and the ERC 20 blockchain tokens. This problem is the speed of transaction and and the cost of transactions.
This is a problem that BSC currently solves, and while a lot of people might argue that BNB is not a fully decentralized coin, i think it is worth noting that a lot of users dont care much for how decentralized a coin or token is, they just want the solutions they it offers.
This is why i think BNB an the BSC will remain very valuable in years to come

The great part that people miss is the fact that they are always hip with whatever is going on. When they first started, they started with BNB and allowed people to trade cheaper with BNB, creating a demand for it, they started with affiliate so you can invite people and be basically partners with them on the profits made. Then IEO became more famous, so they did that, people liked it and used that, billions were made that way. Then DEX became a thing and they started their own, listed many defi projects, then DeFi became a thing and they promoted their BSC and now we are at that stage, they are making money from that part.

Tomorrow there will be something else that is famous which all crypto market uses, and they will get into that, and they are never late neither, they have amazing developers who build things very quickly. So BNB will always worth a lot, no matter which direction crypto community goes.

CaVO32

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Quote from: darewaller on April 14, 2021, 04:14:50 PM

Quote from: bL4nkcode on April 14, 2021, 02:19:04 PM

As long as the exchange is running and keep the people's trust it will remain valuable, especially now that it competes ETH blockchain. We might see blockchain projects from eth shifting to BSC, well, there are some already.

There are many projects are adopting BSC by leaving off ethereum because of high transaction fee problems. When there would be a need of cheaper transactions and effective platform for dapps then binance may remain valuable forever. At the same time we cannot assure about attaining a stable price level in any near future.

Like many people are mentioning, BNB might be imitating the price fluctuating pattern of ETH. This way some experts are speculating about it will be reaching $1000 mark by end of this year. So, at least for near future it will remain valuable and profitable as well.

I won't say they will remain valuable forever as there will be new technology that may surpass what they are offering in the future. But for now, what they have is very favorable to a lot of users as well as developers. I believe this change of heart among crypto users from eth to bsc has already reached the eth team. So more than likely, once they unveil their berlin hard fork, there may be improvements in eth network. Interesting to see what advances they will make this time. They need to gain again the interest of crypto users on their platform.

darewaller

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Quote from: bL4nkcode on April 14, 2021, 02:19:04 PM

As long as the exchange is running and keep the people's trust it will remain valuable, especially now that it competes ETH blockchain. We might see blockchain projects from eth shifting to BSC, well, there are some already.

There are many projects are adopting BSC by leaving off ethereum because of high transaction fee problems. When there would be a need of cheaper transactions and effective platform for dapps then binance may remain valuable forever. At the same time we cannot assure about attaining a stable price level in any near future.

Like many people are mentioning, BNB might be imitating the price fluctuating pattern of ETH. This way some experts are speculating about it will be reaching $1000 mark by end of this year. So, at least for near future it will remain valuable and profitable as well.

milani

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Quote from: adekogbe on April 13, 2021, 06:24:00 PM

While BNB appeals to the wider crypto users because the binance smartchain currently seem to have overcome the biggest issue that most cryptocurrency users have with bitcoin ethereum and the ERC 20 blockchain tokens. This problem is the speed of transaction and and the cost of transactions.
This is a problem that BSC currently solves, and while a lot of people might argue that BNB is not a fully decentralized coin, i think it is worth noting that a lot of users dont care much for how decentralized a coin or token is, they just want the solutions they it offers.
This is why i think BNB an the BSC will remain very valuable in years to come

Yes, you are quite right that BSC, BNB give to people really faster and cheaper process for transactions. That is why comparing with ERC20 lots of projects started prefering BNB or BSC and their Blockchain instead of the Ethereum one. Of course these advantages look more preferable for investors. Will see what will be in future. But I am sure that Binance will do the best in order to keep the competitiveness. Will the conditions that they give nowadays will be the same or not will see.

kak uli

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Maybe one of the reasons why the price of BNB has skyrocketed right now, of course, is because Binance Smartchain is currently addressing the biggest problem that most cryptocurrency users have. Besides having a great developer, BNB is also in demand by many people who want a solution from the technology owned by BNB, that's why BNB will forever be the best in the cryptocurrency space

plexasm

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Quote from: J1mb0 on April 14, 2021, 02:12:22 PM

ETH is stuck at too high a cost and tokens issued on the ETH platform are not welcomed by investors.
In contrast, BNB is doing their job well, most projects on the BSC platform are successful, especially those listed on the Binance exchange.
If ETH fails to solve the problem of transaction fees they will most likely be ignored by BNB in the race.

Even if ETH fees were equal to BSC, BSC would still have a significant advantage. Binance can provide infinite incentives to motivate users to swap to BSC from ETH.

ETH has no properties which cannot be effectively copied/pasted except for it's network effect. Binance has a bigger network effect.

bL4nkcode

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Limited in number. Limitless in potential.

As long as the exchange is running and keep the people's trust it will remain valuable, especially now that it competes ETH blockchain. We might see blockchain projects from eth shifting to BSC, well, there are some already.

J1mb0

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ETH is stuck at too high a cost and tokens issued on the ETH platform are not welcomed by investors.
In contrast, BNB is doing their job well, most projects on the BSC platform are successful, especially those listed on the Binance exchange.
If ETH fails to solve the problem of transaction fees they will most likely be ignored by BNB in the race.

Jackl87

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Even though i don't own any BNB myself and i personally don't like Binance and CZ that much because of centralisation issues i agree with you OP that Binance will be one of the most important companies in the crypto space for the years to come. Their BSC Chain is really great and you can send transactions within seconds and for a few cents of gas fee. That is why a lot of project and launchpads switched to BSC recently and this is also the reason why the price of BNB skyrocketed in the last days and weeks.
I don't think though that BNB will overtake Ethereum in terms of market cap. Ethereum will remain the no. 1 smart chain blockchain out there and most projects still choose ETH as their platform and the Fee issues should also be gone with future updates.

bryant.coleman

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Quote from: decodx on April 14, 2021, 08:32:17 AM

According to the latest announcement, Binance will list the Coinbase Stock Token on their platform.

It should be noted, however, that the Coinbase Stock Tokens will not be available to all. Users living in China, Turkey, the United States, and other restricted jurisdictions will be unable to trade COIN.

Well.. I have to say that this is strange. Binance is one of the competitors for Coinbase. So I wasn't really expecting Binance to list the Coinbase stock on their platform. But then, Binance allows stablecoins such as USDT and USDC, which can be considered as competitors to their own stablecoin (BUSD). So at least we can say that this is not something that is out of the blue. In the meantime everyone is patiently waiting for the COIN listing on NASDAQ. One of the biggest events in the history of cryptocurrency to this date.

xZork

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I agree, it is clear that BNB is a worthwhile investment today, BNB is far ahead of its small competitors and is threatening ETH's dominant position.
BNB also has a lot of advantages in the competition because it is backed by Binance exchange.

acdc

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Quote from: Amejoaquim on April 13, 2021, 09:02:25 PM

I've been holding this coin more than 2 years and still counting.

My target for this coin is $2k and i hope my goal can be reach in this year or maybe next year.

BSC is the future

Well, you are probably the lucky one to have made a wise investment decision, your investment has paid off so many times.
I think this year BNB will most likely hit the $ 1000 mark, it's very likely that it's catching up with ETH because BNB has the support of the world's largest exchange.

Rafiqul

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Quote from: susuberuang on April 14, 2021, 07:29:08 AM

BNB is my favorite altcoin, apart from having good prospects, BNB also has very low transaction fees compared to etherem, this provides its own advantages for BNB, because now many traders have switched to the BSC network, of course BNB will stay afloat with high prices for a long time ,,,

You are right; I think the big reason for BNB to come to its current position is the high gas fee of Ethereum. Many new projects are coming to BSC instead of Ethereum due to the high fees of Ethereum. As a result, the popularity of BSC is increasing rapidly and the price of BNB is increasing. If the Ethereum fee is not reduced, I believe BNB will rise to a much higher level.

Davian144

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Quote from: Alanaz on April 14, 2021, 10:27:16 AM

I think this could happen because if we look at it now, BNB is getting soaring up every day and we can see for now that BNB is burning which makes coins even rarer to get. but this certainly takes a long time. you have to be patient

It's a little less logical with what you think, because the BNB token besides the burning program itself, also has other support such as Launchpad and also the influence of using the BSC network which is currently developing very well.

Willitivity

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Quote from: adekogbe on April 13, 2021, 06:24:00 PM

While BNB appeals to the wider crypto users because the binance smartchain currently seem to have overcome the biggest issue that most cryptocurrency users have with bitcoin ethereum and the ERC 20 blockchain tokens. This problem is the speed of transaction and and the cost of transactions.
This is a problem that BSC currently solves, and while a lot of people might argue that BNB is not a fully decentralized coin, i think it is worth noting that a lot of users dont care much for how decentralized a coin or token is, they just want the solutions they it offers.
This is why i think BNB an the BSC will remain very valuable in years to come

Indeed Binance Smart Chain has the solution to the current issues we are facing now with ethereum, and this has made it one of the most popular chains around now and tons of projects launching on the chain these days, we have seen bnb gained more value in just a few days,I know bnb will remain valuable for a long term that's for sure, but what will happen to bnb when Ethereum 2.0 is released? cause it is said that the new ethereum update will solve all the existing problems on the ethereum network, if the ETH 2.0 solve the problem, don't you think people will just go back to Ethereum?

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