how hard will Binance coin (BNB) get dumped?

suzanne5223

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Quote from: btcmegastar on June 06, 2019, 03:31:29 AM

Quote from: DmitFomin on May 30, 2019, 07:14:29 AM

Quote from: wekael on May 29, 2019, 09:43:33 AM

I invested my first amount of BNB when i saw how they reacted to the hack. They got some trust now from me.

The way the Binance team responded professionally to the hacking exchange also impressed me. It’s a pity that I didn’t buy coins when they were worth $6-$7 when I had the opportunity. Although now is also a good time to buy BNB, because the exchange constantly burns a certain amount of coins and this reduces their overall supply.

Yes, already they mentioned they will decrease the supply until their total supply seems to be 100 million, every three-month BNB coin price is kept increasing and you can see already BNB coin is accepted in many stores. So the demand for BNB coin is kept increasing and this is a very good chance to grab BNB coin even at this level.

Firstly, the total supply of BNB was 189,175,490 and the current circulation was 141,175,490 BNB as stated on capital market so I don't see any reason why they will decrease the supply of the coin or what will make the coin dump so hard. Like you said, some stores are noe accepting it, it has gain the trust of a lot of investors and it now number 7 capital market.

arjuna BTC

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Quote from: Red-Apple on May 08, 2019, 06:05:07 AM

with all the drama about Binance today after they got hacked and also the fact that BNB was already in a big bubble after its pump, how hard do you think their token is going to get dumped now that their business is facing a crisis?

BNB supported by the biggest exchange in this industry,
thats why BNB price will recover soon, when the price drop
because for sure binance will always support this coin and never let bnb drop hard mate

jvdp

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Quote from: KryptoKai on June 06, 2019, 02:40:51 AM

Binance will always be in demand but it will drop as dex and atomic swaps take over. centralised exchanges can be hacked and they don't seems to have enough in cold storage to recover

See their launchpad idea and other critical ideas to hodl the BNB in the platform itself. You people to understand their strategy to increase the funds reserve and other kinds of stuffs.
I believe because of their big reserve we may find the BNB at the 50 USD soon this year end or before that.

HELLOFF

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Quote from: novusordo on June 06, 2019, 01:58:17 PM

Quote from: OrangeII on June 06, 2019, 04:48:39 AM

Quote from: KryptoKai on June 06, 2019, 02:40:51 AM

Binance will always be in demand but it will drop as dex and atomic swaps take over. centralised exchanges can be hacked and they don't seems to have enough in cold storage to recover

even when binance is hacked, BNB prices are not so affected. for now, I don't think that this coin will be a dump. in fact, I think the opposite, that the potential to see this coin has a high price is still very large this year.

Exactly. I do not see any dump incoming for bnb. The CEO has ticked all the right boxes and how the exchange positively reacted to the hack worth over 40 million dollars has further endeared it to the crypto community

I also do not see any special events regarding the BNB coin. But since Binanse today holds a large number of IEOs, and all the statements that the BNB can compete with the ethereum can be quite reasonable.

novusordo

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Quote from: OrangeII on June 06, 2019, 04:48:39 AM

Quote from: KryptoKai on June 06, 2019, 02:40:51 AM

Binance will always be in demand but it will drop as dex and atomic swaps take over. centralised exchanges can be hacked and they don't seems to have enough in cold storage to recover

even when binance is hacked, BNB prices are not so affected. for now, I don't think that this coin will be a dump. in fact, I think the opposite, that the potential to see this coin has a high price is still very large this year.

Exactly. I do not see any dump incoming for bnb. The CEO has ticked all the right boxes and how the exchange positively reacted to the hack worth over 40 million dollars has further endeared it to the crypto community

wekael

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but it went up

OrangeII

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Quote from: KryptoKai on June 06, 2019, 02:40:51 AM

Binance will always be in demand but it will drop as dex and atomic swaps take over. centralised exchanges can be hacked and they don't seems to have enough in cold storage to recover

even when binance is hacked, BNB prices are not so affected. for now, I don't think that this coin will be a dump. in fact, I think the opposite, that the potential to see this coin has a high price is still very large this year.

btcmegastar

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Quote from: DmitFomin on May 30, 2019, 07:14:29 AM

Quote from: wekael on May 29, 2019, 09:43:33 AM

I invested my first amount of BNB when i saw how they reacted to the hack. They got some trust now from me.

The way the Binance team responded professionally to the hacking exchange also impressed me. It’s a pity that I didn’t buy coins when they were worth $6-$7 when I had the opportunity. Although now is also a good time to buy BNB, because the exchange constantly burns a certain amount of coins and this reduces their overall supply.

Yes, already they mentioned they will decrease the supply until their total supply seems to be 100 million, every three-month BNB coin price is kept increasing and you can see already BNB coin is accepted in many stores. So the demand for BNB coin is kept increasing and this is a very good chance to grab BNB coin even at this level.

KryptoKai

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Binance will always be in demand but it will drop as dex and atomic swaps take over. centralised exchanges can be hacked and they don't seems to have enough in cold storage to recover

Al-e_x

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I'm also not too sure, but in my opinion the coin BNB is very difficult to dump, because fundamentally the BNB is very strong, as evidenced when almost all Altcoin is down, the BNB is still rising

ichai

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Quote from: Red-Apple on May 08, 2019, 06:05:07 AM

with all the drama about Binance today after they got hacked and also the fact that BNB was already in a big bubble after its pump, how hard do you think their token is going to get dumped now that their business is facing a crisis?

40 million dollars is still not one of the big problems for Binance. they have a reserve fund to prevent bad cases like this. This is considered a great lesson for them about the disclosure of their security system.
but that loss does not affect investors' assets and it is the most positive news. After that negative news, BNB is still trying to grow and its price keeps rising over time.

robaya

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Quote from: rodel caling on June 05, 2019, 07:49:04 PM

Quote from: niisarearning on May 08, 2019, 06:16:54 AM

Always be alert do not be comfortable but I am not against the capability of binance as biggest crypto exchange at the time. But we need to also to secure our investment.

of course we have to secure our investment in assets that are truly safe. but I think BNB is a truly extraordinary asset. as long as IEO binance is still in demand and is a new project choice in making sales, I think BNB demand will continue to increase and I think our money can continue to grow with the BNB.

creeps

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Quote from: HichemFetoui on June 04, 2019, 09:58:33 PM

In my humble opinion I think this coin is too much overvalued right now in comparison with bitcoin and more specifically ethereum but you need to see others opinions

Its going to dumped soon since we haven't seen yet its correction so the hodlers of this coin should not over confident and learn how to take profit. This is like Bitcoin when it was hit the peak and suddenly the price goes down hard. BNB is a good coin no more question about it but I know every coin will have their own correction, no one knows when but being ready to sell is much better than to regret selling at a lower price.

rodel caling

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Quote from: niisarearning on May 08, 2019, 06:16:54 AM

I dont think it will have huge dump because binance is having enough fund to sustain this coin . But safer zone i sold some of my Binance coin which i hold it in exchange . Crypto market about to take off again one more strike happened .

Always be alert do not be comfortable but I am not against the capability of binance as biggest crypto exchange at the time. But we need to also to secure our investment.

adaseb

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The reason why BNB has been so successful compared to many other coins is because unlike most Crypto coins BNB actually has a use and its to reduce trading fees. This is very important especially to all the high volume traders on Binance.

And you can tell it is useful when other exchange such as Bitfinex are doing the exact same thing and launching their own LEO type of coin. This was actually a very smart part of the Binance CEO and that's why its been so successful.

When it was first launch maybe assumed it would fail and nobody would actually buy BNB but look how successful the coin was compared to other alts.

giletto

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Currently, there seems to be a cold war between these coins bnb and bsv if you observe closely. Maybe if bsv continues with the current trend, then it might topple bnb on coinmarketcap

bitcoin31

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I think they don't have big effect on what happened to binance exchange last month ago even was hacked by hacker the price of the BNB token is still good and it will not decreased very low but I believe it will up BNB even that's happened because the trust of the traders to binance does not break that result to the BNB to token to increase to $100 possible for the after few months or maybe we wait some years.

angel55

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BNB isn't looking so hot anymore. They are running scam IEOs on their exchange and the owner has shown himself to be a loose cannon. Also they are looking like chumps after delisting SV and it is about to overtake BNBs marketcap.

HichemFetoui

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In my humble opinion I think this coin is too much overvalued right now in comparison with bitcoin and more specifically ethereum but you need to see others opinions

Aptekary

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It seems to me that lately the users of the cryptocurrency liked the binance very much and this was mainly due to IEO. It seems that in the future Binance will be able to make a good competition for ethereum, in the field of ico company.

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