Danger that awaits few coins - page 2.

kesmex

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Quote from: BitDane on January 12, 2020, 04:52:07 AM

Quote from: o48o on January 06, 2020, 05:27:52 AM

About that BNB, why should it have a use case outside the platform? Until people code dapps for that bep2 platform it's just coin for decentralized exchange.
I don't understand your point on POS, it's just another way of mining and dilutes the supply same way as POW, how does it effect to price comes back to the supply and how fast does it rise.

Having other use case than being an exchange utility token is always a good thing. If BNB enable its native token to be used outside BNB, then its market dominance will surely expand. More usability means more demand.

If what is done by BNB is positive, I don't think it will harm investors, indeed it is better than BNB being used in its platform alone, if BNB is used outside the platform, of course the marketcap will grow

BitDane

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Quote from: o48o on January 06, 2020, 05:27:52 AM

About that BNB, why should it have a use case outside the platform? Until people code dapps for that bep2 platform it's just coin for decentralized exchange.
I don't understand your point on POS, it's just another way of mining and dilutes the supply same way as POW, how does it effect to price comes back to the supply and how fast does it rise.

Having other use case than being an exchange utility token is always a good thing. If BNB enable its native token to be used outside BNB, then its market dominance will surely expand. More usability means more demand.

JeffBrad12

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Quote from: kodtycoon on January 11, 2020, 11:43:09 PM

how can that happen while on the same side we can check if bnb tokens can still be traded on other exchanges which in fact does not only end up on their own exchanges, if tokens are not traded significantly on other exchanges, then it is not possible for bnb to still survive on the coin list top rank until now

Yeah it can be traded on other exchanges but then what? This coin's main utility lies on the binance services and only acts as a way to get discount or IEO funding and there's nothing more to it. If you think that a coin deserve to be ranked top just because it got traded on various exchange that's just ridiculous. Coins exist aren't for the sole purpose of being used for trading but they serve to offer utilization.

aryana42

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Quote from: cytpoway121 on January 11, 2020, 02:31:37 PM

I will categorize the stated danger as dip/dump in price
And it awaits every coin in the crypto sphere.

The projects with the working product or protocol will come back stronger

How do you make a category in danger? because basically all people must be aware of the dangers they will face when a price falls on a coin or token in the market.

bgaf

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That's the use case itself for POS IMO. It's somehow comparable to dividend or mutual fund in real finance asset management. It give you profits monthly, yearly depends on your current holding.

When it comes to mechanism POS is much lighter on consumption compared to PoW which is the consensus being use by btc. PoW is actually the most effective but of course this era is changing innovation improving and we can't stop modernization especially related to blockchain.

kodtycoon

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how can that happen while on the same side we can check if bnb tokens can still be traded on other exchanges which in fact does not only end up on their own exchanges, if tokens are not traded significantly on other exchanges, then it is not possible for bnb to still survive on the coin list top rank until now

Rodeo02

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Quote from: ?? on ??

Yes a lot of alts/tokens here are not that useful and helpful in the end like from the start they can turn well but no future at all

Then i think better to pick few only alts and if you going to risk in some alts/tokens then better to sell that quickly for me then
you need to think like that's like for an investment only

that kind of coins or tokens is not good for long term because there are no real use of that and it cant add any more demand since they are no use cases. If you have that coins and tokens sell it if you given a time all of them will be dead in time and you cant recover the lost you will get if thats happen.

cytpoway121

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I will categorize the stated danger as dip/dump in price
And it awaits every coin in the crypto sphere.

The projects with the working product or protocol will come back stronger

target

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It isn't possible for Binance to suddenly stop operating. You're not going that route just to spread fud it wouldn't work for someone who think in real life. POS coins are good and some also have use case while having POS algo. Its a matter of preferences to an investors side. I stake my EOS for good while also helping to contribute CPU and RAM to dapps/

wxxyrqa

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Quote from: jostorres on January 11, 2020, 10:06:35 AM

Lol if you’re really expecting all these coins to be used for purposes as you have defined, then you’re getting it wrong because that’s never going to happen, people are not interested in using most of these altcoins for transactions , the choice for use is mainly bitcoin and anything else apart from that is hardly considered as a choice by many.

There is always purpose for every coin or token, and BNB is not a bad example, it’s a good coin and is serving the purpose for which it’s meant for. Some companies may decide to create a coin and limit the usage to their platform alone, I don’t see anything wrong with that, and it doesn’t that coin is not going to be successful, as long as the team knows what they are doing the coin will be a success.

Of course, personal tokens of each of the cryptocurrency exchanges suggest the presence of certain bonuses and benefits for each user for trading. But I practically do not see a single cryptocurrency exchange that would show good results for its tokens. An exception is the combination, because BNB really showed good progress, but nevertheless, such a rise in the price of BNB is primarily due to attracting new investors through new IEO projects on the Binance. If these projects do not show good results in the future, BNB will be able to worsen its position in the cryptocurrency market.

jostorres

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Lol if you’re really expecting all these coins to be used for purposes as you have defined, then you’re getting it wrong because that’s never going to happen, people are not interested in using most of these altcoins for transactions , the choice for use is mainly bitcoin and anything else apart from that is hardly considered as a choice by many.

There is always purpose for every coin or token, and BNB is not a bad example, it’s a good coin and is serving the purpose for which it’s meant for. Some companies may decide to create a coin and limit the usage to their platform alone, I don’t see anything wrong with that, and it doesn’t that coin is not going to be successful, as long as the team knows what they are doing the coin will be a success.

mr_random

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For the exchange coins, these altcoins save the trading costs for the specific exchange. In general, ordinary people think the financial markets are useless and it is rigged by the bankers. For breaking these symptoms, explaining the importance of the traders and showing the reasons why traders are not a parasite that makes money with speculation. It doesn't matter how much you know, what you explained is limited to the understanding capacity of the person..

Thomas-s

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Quote from: Dart18 on January 08, 2020, 09:12:51 AM

I think POS mostly relies only on people storing their tokens.
That is one of the reason that the value could go up.
But there will be a lot of withdrawals too once they felt the profit coming in.

Ethereum will be one of that after the fork. I am still thinking if I need to buy more or people are getting pessimistic about this and might withdraw.

I think that the pessimistic attitude is a temporary phenomenon. Whenever there is a transition to something new, people at first do not understand what it is for and do not see the benefits for themselves, but the transition to POS is what needs to be done for the successful development of the project and for solving the scalability problem. Now such a transition is very bad for miners who bought equipment for mining ETH, but in the future ETH will simply die without POS and then it will be even worse for everyone

aioc

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Quote from: Ken_terrance on January 06, 2020, 02:43:20 AM

I'm here to clear few facts about some crypto coins, i will start with exchange tokens, people are getting things mixed up when it comes to real use case, many thinks once a coin has a real use case it's a must buy well this is for you, let me start with binance, i love the exchange simply because of the seriousness of the team and CEO himself i believe that's why they made it this far but im not 100% sure about bnb token because it's use case ends on the binance exchange, outside the platform it's nada, i belief any good real use case should be for the public but bnb token is limited in this area, everything about bnb ends on it's exchange.

Binance coin may be limited in its territory but they rule on the most important industry in this business and that is the exchange, Cryptocurrency and exchange are two industry, that you cannot and impossible to separate, so Binance token will always have value as long as BNB is on top of his game.

Baby Dragon

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Quote from: d3nz on January 08, 2020, 02:34:39 AM

Quote from: miklesm on January 08, 2020, 02:28:07 AM

I agree with your opinion, there are too many crypto projects on the market and the majority of them have the same problem - no real use case. They might have cool blockchains, but if they are not being used by real people, such projects are useless.

This one of the main problem of crypto world there is alot of them and no one can stop them from spreading a lot of new altcoin are being created and no use at all. They are just full of promises and that's it is much better to avoid an ICOs since for sure they will just scam the investor.

And we all know that some of the altcoins are being deleted by exchange because they have no volume and just a pump and dump scheme.

It's the reason we should not invest without thinking and analyzing it's specific purpose and the possible things that may happen because you can't easily trust and believe their promises. Unless you have done your own research regarding that specific project and you have determine that it's a worth it and profitable project because we can't change the fact that there are some projects these days that was made to deceive and take advantage of people who don't have enough understanding on finding the best project for them. Also, scammers will always look for opportunity to get the benefits they wanted from us and that is the reason why we have to be cautious before risking our own money to avoid feeling remorse regarding our own decisions. We are not underestimating the capabilities and potentialities of these projects but because of it's ruined reputation about scams then we should explore more details and information about it before investing to assure ourselves that our funds are safe and secured from scammers. Regarding bnb, if it's beneficial to some of you then probably it's worth it. Well we can't just judge it's capabilities without even researching it, as far as I know it's useful when it comes to trading fees.

Dart18

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I think POS mostly relies only on people storing their tokens.
That is one of the reason that the value could go up.
But there will be a lot of withdrawals too once they felt the profit coming in.

Ethereum will be one of that after the fork. I am still thinking if I need to buy more or people are getting pessimistic about this and might withdraw.

Hallmader

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Quote from: tambok on January 07, 2020, 10:07:04 PM

Quote from: Hallmader on January 07, 2020, 09:30:45 PM

Quote from: Raflesia on January 07, 2020, 07:36:33 AM

Quote from: Hallmader on January 06, 2020, 11:08:28 PM

The feeling was heaven at that time. I know of some people who sold some because there was already huge money. I did not because I felt so positive and perhaps greedy. I was thinking there was still some more money in the days and months to come. The prediction of Bitcoin even rose to $25,000. Well, everybody knows how it ended.

Everyone thinks that the price of bitcoin will soon rise to $ 25,000, it makes sense if the price of bitcoin can redeem that price and that will happen if a big pump occurs.
I know this is the beginning of investors starting to move on the exchange to have as much bitcoin as possible to approach halving, why halving is very important because looking at history before prices can soar high with its new ATH.

But the previous halving is also telling us that the rise in price of Bitcoin after halving is not immediate. It will take time. It took months before the price of Bitcoin rose to a significant level after the halving was implemented. I am not saying that what happened in the past is going to happen again in the coming months. It is even possible that the halving that everyone is talking about will not really push the price of Bitcoin up.

Yes so we should not expect too much from the price as it may vary depending on the market from time to time, it may become worst this year, becomes stable or we will experience another bull run again, what matters is that we are ready with every situation we may face this year, choose the right strategy no matter what.

And the right strategy at this point in time is to continue to have strong hands and HODL. Never let it go. There will always be uncertainty in the world of crypto. But one thing is certain though, we will always be hitting new ATH. We should be there when it happens. 5 months from now, or 1 year, or 5 years; it does not matter. What matters is that we are here to stay and wait.

OasisDre

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Ethereum has a better use case already and implementing the POS ability is a wonderful move from the team, with POS ability ethereum will earn the heart of many whales and many holders, the only problem here is the minimum POS requested by team

Trela

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Quote from: Javi_Anibarro on January 06, 2020, 03:22:57 AM

Every project has a different goal and industry, you can not expect all of them to make it as a global payment system. Let's say a pharmaceutical token based project, the project is limited only to buy the medicine and in this area. Does that mean, this token is bad? no, because this is what they are aiming for.
Proof of Stake is a consensus, the use case depends on the project itself. Why people love it?
It is because it is cost effective compared to POW in running the blockchain, you can get a passive income from holding it, the majority POS project are faster in term of transaction speed compared to POW.

It's correct! And of course, as mentioned above, Proof of Stake is only adequate for altcoins used for payments and regular transactions by a large community. PoS isn't wrong but there're many projects used it as a slogan to call for investing.

Ethereum will succeed even when it switches to the Proof of Stake algorithm. I firmly believe in that!

coin-investor

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Quote from: Ken_terrance on January 06, 2020, 02:43:20 AM

I'm here to clear few facts about some crypto coins, i will start with exchange tokens, people are getting things mixed up when it comes to real use case, many thinks once a coin has a real use case it's a must buy well this is for you, let me start with binance, i love the exchange simply because of the seriousness of the team and CEO himself i believe that's why they made it this far but im not 100% sure about bnb token because it's use case ends on the binance exchange, outside the platform it's nada, i belief any good real use case should be for the public but bnb token is limited in this area, everything about bnb ends on it's exchange.

I'm not defending Binance token, but since you are making a point that Binance token, is very limited to its usage on the exchange, I would like to make a point that exchange is an integral part of Cryptocurrency and as long as Binance rule the exchange industry, their token will have value, and there will always demand in the market, and Binance is always innovating always developing to create demand in the market.

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