BNB will remain valuable for a long time - page 7.

SistaFista

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Quote from: kevinzxz on April 17, 2021, 05:49:28 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).

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.

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legendary

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BSC does not solve that problem, actually BSC is the same as ETH, the difference is that BNB prices are still cheap when compared to ETH, if the BNB price is more than $2000 I am sure the BSC gas fee will also be expensive following the expensive BNB price,
the same as ETH, which is actually cheap gas fees, but because ETH prices are above $2000, ETH gas fees are expensive.
For the long term there is no doubt about the BSC, because BNB has strong fundamentals.

odukoyaewatomi27

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BNB banked on the weaknesses of the Ethereum blockchain. The cost of transaction on the Ethereum blockchain is just too much and the speed of transaction on the Ethereum blockchain is just too slow. So BNB created the solution for this problem and people will definitely adopt it. Small investors have a hard time utilising a the Ethereum blockchain because they don't have much money to spend on the transaction fee. So BNB will continue to increase, if you have money buy and hold BNB

DarkDays

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Quote from: Ezravdb on April 17, 2021, 04:59:00 PM

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

BNB is an Exchange token.
BNB has managed to attract the attention of crypto players through the BSC.
BNB prices will remain valuable and will print new ATH when they do the Event (burn, launch). During the madness, transaction fees that occur on the ETH network will continue to make BNB prices move up. Therefore, BNB deserves to be counted as a promising Coin for this year or the next year.

There is that but let's not forget what the major projects launching today are big on adopting - Binance Smart Chain (BSC).

ETH is still very high on fees and BSC with its fast, and secure transaction with almost zero fee becomes a very attractive alternative. And of course, to use the BSC network you need BNB. I'm not surprised at all by how BNB is doing - maybe even 1K in a few months - all is possible with the greater drive for BSC adoption Shocked

Princeofpoetry

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I also think so, BSC is not as fully decentralized as ethereum. but now many projects migration to bsc and even use 2 plafform ethereum and bsc. BNB's long prospects are very good, I don't doubt it. But I think Eth will still be the top choice when gas prices are cheap and transaction speed is fast, Ethereum will be back with a lot of eyes on it

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I can guarantee if you have much money better saving in BNB than you hold on bank without any value increase, just get inflation and your money keep the same although how many years you save. Look with BNB price last year under $50 and now check again and open your wallet maybe you have little BNB and see how much price right now.

armanhusni

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If for a long time I think the BNB will be much more valuable than its current price. Moreover, every year BNB reduces supply by burning, of course with that it will make BNB coins more valuable for a long time.

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Quote from: Cadaver20 on April 17, 2021, 06:26:03 PM

I acknowledge that Binance has solved Ethereum's transaction problems. And that's why thousands of people are joining the Binance network every day. But ethereum coins will not want to lose its reputation. As a result, Ethereum is trying to solve this problem and maybe this problem will be solved in a few months. So if everyone comes back to Ethereum network again, what will happen to BNB?

Nothing, BNB Was already have strong fundamental in the first place, It's backed by Binance with real utility use case, You can use it for Staking, Subscription (Launchpad), Lending and many more. BNB it's one the successful native Exchange currency that truly have utility, Beside that today we can see some bullish trend BNB when Ethereum Network was overloaded and the gas fee was ridiculous, If Eth 2.0 Implemented later, BNB will becoming another alternative like today and not dying.

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Quote from: Cadaver20 on April 17, 2021, 06:26:03 PM

I acknowledge that Binance has solved Ethereum's transaction problems. And that's why thousands of people are joining the Binance network every day. But ethereum coins will not want to lose its reputation. As a result, Ethereum is trying to solve this problem and maybe this problem will be solved in a few months. So if everyone comes back to Ethereum network again, what will happen to BNB?

Ethereum indeed already planned to solve the problem by changing how gas fee calculated in the upcoming month of july but to be honest, doesn't guarantee that it's really gonna work but if ETH does indeed fix the problem many people gonna go back again however if everyone switch back I'm pretty sure BNB will still pretty much alive as demand for BNB mainly driven by the binance itself and not because BSC and eventually people will also consider BSC as just an alternative that's good to have and not gonna cause problem if it ceases to exist.
At the end of the day most of projects gonna prefer the real decentralized coins not some company controlled blockchain.

arifteguhr

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Quote from: kevinzxz on April 17, 2021, 05:49:28 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).

What is clear is that for now the factor that attracts people is the cheap transaction fees. but if later BNB will experience a high increase. it will also be the same that the transaction fee will also increase in the USD exchange rate will certainly increase. However, currently the interest from people to be able to follow the Token trend in the BSC network is still quite high. Airdrops and IFO were also successful

Bluto

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Today we saw BNB lose less against the dollar than BTC did even after BNB had gone up so much. This could be alt season or even a bear market. But I'm confident in BSC DeFi will keep buy pressure on for BNB which is nice. So seeing BNB earning against BTC is neat even as everything falls.

martina14

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Bnb so far was performing amazingly in the market, and I think everybody noticed this because of the BSC blockhain where most of the new projects even the old altcoins are now using it too, because they're go with flow of what is trending in the market just like what is happened before on Uniswap. But this BSC is much differ of course into UNI where I know it will become more better than to it of course, so right now I am saving little by little of BNB for the future of course.

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I acknowledge that Binance has solved Ethereum's transaction problems. And that's why thousands of people are joining the Binance network every day. But ethereum coins will not want to lose its reputation. As a result, Ethereum is trying to solve this problem and maybe this problem will be solved in a few months. So if everyone comes back to Ethereum network again, what will happen to BNB?

Ridwan Fauzi

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I guess many crypto user who will move their activity to use ERC 20 to Binance Smart Chain (BSC). Ethereum network is already busy especially when many people who make a DeFi system. So as it can affect to the fee transaction, as we all know the fee transaction is already high when using ERC 20.

Until now, I only use binance smart chain especially when I try to withdraw to money fiat. I only spend a tiny dollar for the fee transaction comparing to using ERC 20 that can reach almost $5-15 per on transaction. But, I doubt this situation will just for a while since the fee transaction is depend on the user itself. If many people use the BSC network then the fee transaction will increase as well.

kevinzxz

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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).

Viscore

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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

That totally depends on the market and the project owner as well. If the developers will keep their promises to the investors, that we can expect the value of BNB will still be growing. And as long as the crypto market is still active and growing, definitely there is a big chance for that.
We don't have a 100% assurance for this but seem to be looking positive base on what we have seen this time and since its launching.

Ezravdb

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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

BNB is an Exchange token.
BNB has managed to attract the attention of crypto players through the BSC.
BNB prices will remain valuable and will print new ATH when they do the Event (burn, launch). During the madness, transaction fees that occur on the ETH network will continue to make BNB prices move up. Therefore, BNB deserves to be counted as a promising Coin for this year or the next year.

jahepahit

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there is no doubt about the value proposition, solving many problems for now that plagues the leaders means alot. if this continues, the value will keep rising as many people are buying for long term. one addition that is helping it is the backing of the exchange which is currently ruling the crypto world. so a lot of things are working well for its growth.

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Quote from: MCDev on April 16, 2021, 09:09:11 PM

At the moment a lot of people are investing in BNB and this coin has brought them a large profit.
BNB developers are very knowledgeable about the market and they know how to please investors, BNB will be ETH's biggest competitor in the next time.

Right now, they are just hitting the right spot because eth network has still high gas fees. And many devs as well as traders are going into BSC network. Wonder what will happen once eth resolved this main gas efficiency problem? But will be months from now. So enjoy the moment and let these devs use the BSC platform. Also, Binance is a top exchange, the reason why people are also trusting their network they deployed even if it is a centralized one.

zasad@

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BNB will remain popular until Ethereum changes the algorithm and reduces the cost of transaction fees.
Users will quickly get bored of token farming, and when token prices begin to fall, users will leave projects.
The only link between Binance Smart Chain and other blockchains is the Binance Chain Bridge. Imagine what kind of panic can happen if the bridge stops working. You will have to sell your tokens on the binance exchange (go through verification, etc.)

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