BNB will remain valuable for a long time - page 6.

slaman29

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Quote from: udidrone on April 24, 2021, 02:12:24 AM

1 thing that in my mind is since first is how if binance collapse, i mean we know BNB and BSC now have other function but i think at first it is from Binance Exchange right? And then an exchange actually we not know when collapse (but i hope it is not) and people lose trust in that 2 coins.

That's the question you should always be asking yourself for any coin and any service you use (and trust). It may all be going well for now, but what if the CEO dies? Or leaves? Or management changes?

What is their reputation nosedives and people start fleeing and withdraw everything?

Will your money be safe? Will they even honor your withdraws?

blue_nexus15

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Quote from: Cornia on April 24, 2021, 09:36:57 AM

Quote from: BaeSuzy on April 14, 2021, 12:05:35 AM

Agree, i think BSC will dethrone ETH in the next few years and it will be so easy for BNB to take the second place in cmc from ETH, if ETH can't fixed the fee issue damn, it will be so bad for their future.

We are all worried about the high transaction fee of Ethereum network. We were all looking for alternatives. BSC has taken place in our minds by solving this problem. But Ethereum network is the most popular network. It will not be easy to remove Ethereum from its position. Because the gas price of Ethereum network has started to come down. As a result, people will return to the Ethereum network.

Since the inception of BSC, BNB has rapidly increased its market capitalization. The user base and community to support BNB is very large, the BSC chain is also very smooth with low gas, faster. But ETH still has a huge fan base, with the majority of defi-linked organic platforms resting on it. Some news with Uniswap V3 is that they will reduce transaction gas fees to an unbelievable level. If Uni can do this, there is no reason Ethereum 2.0 cannot meet this need. It will, because BNB has the ability to ignite token burning but it's best to wait until EtH 2.0 launches. We will expand the basis for proof. Who will be the altcoin king?

Cornia

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Quote from: BaeSuzy on April 14, 2021, 12:05:35 AM

Agree, i think BSC will dethrone ETH in the next few years and it will be so easy for BNB to take the second place in cmc from ETH, if ETH can't fixed the fee issue damn, it will be so bad for their future.

We are all worried about the high transaction fee of Ethereum network. We were all looking for alternatives. BSC has taken place in our minds by solving this problem. But Ethereum network is the most popular network. It will not be easy to remove Ethereum from its position. Because the gas price of Ethereum network has started to come down. As a result, people will return to the Ethereum network.

carrie_white

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yes I agree with your opinion, BNB will continue to triumph in the future for a long time, because BNB has become an important part of the crypto world, not only because of the Binance exchange, but also because the BSC platform is far superior to ethereum, of course. with the advantage of cheap BSC gas fees compared to ETH

Cadaver20

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Quote from: MSTuTeJIb on April 24, 2021, 06:46:56 AM

I am sure that BNB will be more in demand in the future than ETH. First of all, there are huge transfer fees. Secondly, the speed of the transaction is not encouraging. Because of this, all new projects are made on the basis of BCS

Many projects are currently being launched on BSC network for high transaction fee and low transaction speed of Ethereum network. We are also using BSC network ourselves. But ethereum developers are trying to solve this problem. You notice that ETH's transaction fee has started to decrease. And if this problem is fully solved, ETH network will become popular again. So I don't think there will be more demand for BNB than ETH in the future.

MSTuTeJIb

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I am sure that BNB will be more in demand in the future than ETH. First of all, there are huge transfer fees. Secondly, the speed of the transaction is not encouraging. Because of this, all new projects are made on the basis of BCS

mamesso

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BSC has become the platform most sought after by developer and the majority of crypto users because the exchange fee is cheaper than the Ethereum platform. Developers are vying for attention from Binance, with the aim that their coins can be listed on the Binance exchange. If this really happened, then the potential for the BSC to shift Ethereum is even easier.
The ever-increasing development of the BSC gives a good signal for BNB, so that investor confidence will increase because BNB can provide them with great benefits in the future.

udidrone

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1 thing that in my mind is since first is how if binance collapse, i mean we know BNB and BSC now have other function but i think at first it is from Binance Exchange right? And then an exchange actually we not know when collapse (but i hope it is not) and people lose trust in that 2 coins.

Refrumatrix

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Are you guys saying if BSC never happened BNB coin won't be doing this good today? This coin has its value too but yes it may be around 300$ per BNb instead of ATH of 550$ or more but BSC won't reign forever because I believe that ETH will be back even more stronger and better

pilosopotasyo

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Quote from: adekogbe on April 13, 2021, 07:24:00 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

Not only valuable but will become the industry's innovator, they just solve one of the issues of Ethereum's and other coin's very high fee by launching a cross chain, I just withdraw my earnings on Betfury by using Binance smart chain and I saved myself $10 for using the Binance chain, no wonder Binance coin is increasing and it's a wise investment now.

lexkiee28

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Quote from: adekogbe on April 13, 2021, 07:24:00 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

Like ethereum blockchain crypto enthusiasts now are also trying to adopt and use Binance smartchain which make BNB more valuable like ETH and because of this I strongly believe that BNB will remain and constantly be more valuable as time passes by and it can out perform ethereum sooner.

ecnalubma

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The gas fees problem that currently Ethereum is facing is the best opportunity for other blockchain network to showcase their scaling abilities and this is the opportunity that Binance take place. Binance smartchain might not be the best choice in the space in terms of scalability but it is enough to handle what Ethereum failed to do so.

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I really agree with you that a binance will always be valuable for a long time because the demand for binance is increasing in the market especially because the transaction fees from BNB are very low, so many crypto traders are switching to the BSC network, I am sure BNB will be able to outperform etherem in the future.

hamba laeh

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Quote from: adekogbe on April 13, 2021, 07:24:00 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, I totally agree with your opinion that BNB is able to provide solutions to problems currently being faced by crypto users. So for the next few years BNB will be able to stick with the solutions they provide users until new problems will emerge in the crypto world. then another cryptocurrency will be born which will offer solutions to new problems later. So for now many users have switched to BNB and BSC instead of sticking with ethereum (ERC20).

odukoyaewatomi27

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BSC has become a store of value for certain individuals. Individuals purchased BNB are not just brought about by the use case that all around offered but BNB gives such countless advantages to its token holders contrasted and another exchange token. The versatility issue is certainly not a major issue as long as it tends to be forked to build the blocksize but the principle issue was if the local area wanna fork it.

Hypnosis00

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BNB coin will remain valuable as long as Binance exchange still exists. We saw how it struggling hard to keep the momentum until it reaches this ultimate high and even to surpass those coins that are already in the market for so long. As for it was protected by the developers and Binance, that will be going to happen forever. I called BNB as a signature coin representing Binance exchange.

motun01

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BNB has all it takes to be one of the legacy cryptocurrencies of this crypto space just like bitcoin and ethereum
It was a real innovation for binance to develop their BSC binance smart chain and BNB is a lot cheaper than eth while the BSC at the moment provides better value in terms of transaction cost and speed.

GrosWesh

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Op should not fall in love with a coin.

I agree Binance is nowadays a trusty place but noone knows what could happen. Imagine a new direction is taken or even worse (like a huge hack). In such case, bnb could collapse a hundred times faster than it climbed Roll Eyes

Never say never... Especially in crypto Wink

KimmyF

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Quote from: kevinzxz on April 17, 2021, 06:49:28 PM

I agree with you, because fees from BSC are cheaper than Ethereum, so that makes BSC more popular for now and of course now there are many projects that use blockchain from BSC, so I am sure that in the future the price of Binance will definitely increase very high and of course giving us a big profit from investing in Binance at this time (my prediction that the price of Binance will be at least $1000 by the end of this year).

I'm sorry that your prediction is so low, Binance coin could take the top lead of Smart chain. The Ethereum blockchain next announcement will be next year. I don't know how much transaction cost can be minimized this time. Even today I also use Tron blockchain for Ethereum transaction cost, but BNB won't hold the first position. I'm seeing that Binance tried to monopoly on everything, which will be the main reason to lose first position.

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Quote from: SistaFista on April 21, 2021, 12:27:25 AM

Actually, there are many people who reluctant to using ETH blockchain because the fee is very high.
Binance has launched binance smart chain which give 'solution' to them, so they are now using BNB coin more than ETH coin to avoid high gas.
$1000 is not impossible, it is very possible to happening at the end of the year because there are still 3 more BNB burns in this year.

Despite the dominance of Binance as an exchange, BSC has so far been unable to topple the Ethereum chain from the top position. A majority of the new projects still use the ETH chain, despite the high transaction fee. One major issue that concerns many cryptocurrency users is the centralized nature of BSC and BNB. In cryptocurrency market, decentralization is very important and here BNB is at a disadvantage compared to ETH.

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