What is going to blow up huge regulated fiat and equity global bubble?
If something is going to pop in crypto than that is Tether USDT and not Binance exchange with their ethereum killer replacement attempt, and reason for pumping their price is high fees on ethereum and CZ army shilling their coin everywhere.
And let's not forget that Binance also earns a lot of money from liquidations and leverage trading, and they have one of the biggest Bitcoin mining pools.
Topic: It feels as if BINANCE is going to blow up the Bitcoin Bubble big time - page 2. (Read 332 times)
February 18, 2021, 05:23:33 PM
February 18, 2021, 05:00:40 PM
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Well, considering that Coinbase is looking for a $77bn [1] IPO valuation, BNB at a $30bn market cap is not much of a surprise.
But you are right. If any of the big exchanges bust, the crypto total market cap will drop 50% in a blink. Still, I believe crypto will recover in the long run, just remember MtGox.
[1] https://www.coindesk.com/coinbase-valuation-nasdaq-private-market
February 18, 2021, 04:55:06 PM
Even if Binance was brought down. I don't think It would affect bitcoin in the long run. I mean, we now have several good crypto exchanges that are just waiting to take over from Binance. If Bitcoin's success was reliant on the biggest exchanges at the time operating smoothly, then it would have died when Mt. Gox, the biggest exchange at the time got hacked and shutdown, but guess what? We are $52K today.
February 18, 2021, 04:21:47 PM
We were aware of the token called "Binance Coin" a long time ago. In July 2020 we posted an article about it when the price of 1 BNB was only $18.
However, we are considering publishing an article about the exact opposite direction, since Bitcoin has completely bubbled itself into the $50k territory and 1 BNB is worth now close to $200 ! (more than 10x times what it was worth in July 2020).
The only way for the Crypto bubble to burst is through Binance, that's how we see it.
Binance is not really regulated, and it's perhaps one of the top Crypto exchanges out there.
However, the fact it's not regulated is putting it at huge risk, and currently the bubble is inflated so much, so all it takes is some action against it just like the previous payment providers such as e-gold and LibertyReserve which have been destroyed by US regulators - and then you have a worldwide bubble coming into a huge burst.
What do you think about this scenario? How far is it from reality?
We definitely wish Binance lots of success and we hope it would never go under any type of scrutiny but the bubble is inflated in a way that this scenario is simply screaming out loud that it is going to happen.
But what do you think?
We would like to hear your opinions.
You got paid by some binance rival for posting this? Why would any exchange want to do that? However, we are considering publishing an article about the exact opposite direction, since Bitcoin has completely bubbled itself into the $50k territory and 1 BNB is worth now close to $200 ! (more than 10x times what it was worth in July 2020).
The only way for the Crypto bubble to burst is through Binance, that's how we see it.
Binance is not really regulated, and it's perhaps one of the top Crypto exchanges out there.
However, the fact it's not regulated is putting it at huge risk, and currently the bubble is inflated so much, so all it takes is some action against it just like the previous payment providers such as e-gold and LibertyReserve which have been destroyed by US regulators - and then you have a worldwide bubble coming into a huge burst.
What do you think about this scenario? How far is it from reality?
We definitely wish Binance lots of success and we hope it would never go under any type of scrutiny but the bubble is inflated in a way that this scenario is simply screaming out loud that it is going to happen.
But what do you think?
We would like to hear your opinions.
Btc is the mother of all cryptos, if it goes down, entire market sentiment will shaken and all alts will go down to including bnb
February 18, 2021, 03:41:12 PM
The only way for the Crypto bubble to burst is through Binance, that's how we see it.
Altcoins do not influence Bitcoin it's the other way round!
If bitcoin crashes by itself it will take all altcoins down with it but if BNB crashes by itself it's not going to crash Bitcoin.
Also, I don't feel like 50 thousand is such a big bubble. A lot of it comes from institutions not new investors. We could reach even 100 thousand before it becomes unstable.
February 18, 2021, 12:52:04 PM
I don't get the point. Why should a BNB invoke a crash of Binance?
I use BNB as intended imo (saving fees on futures trading and other binance related stuff). Price of 200+ against USD is nice, but I usually erase USD from all my calculations.
I use BNB as intended imo (saving fees on futures trading and other binance related stuff). Price of 200+ against USD is nice, but I usually erase USD from all my calculations.
February 18, 2021, 12:44:24 PM
BNB totally collapsing is actually a net positive for Bitcoin lol. Look, if it so happens that we get huge bad news for Binance and or BNB, where do you think the BNB holders would trade their money to? It's just either BTC, or some stablecoin.
Exactly!
Fuel the fire with as many massive shitcoin pumps as possible. A large % of the profits always end up in bitcoin which works perfectly for me. I don’t dabble much in alts, I’m nearly 100% bitcoin which has proved very good so far.
So in conclusion, let BNB pump to over $1,000. Most of that will flock into BTC any way.
February 18, 2021, 12:37:44 PM
I read through your post here a couple times and I can't really understand what you're trying to get across here. I don't think Binance or Binance coin has anything to do with bitcoin and YOUR perceived bitcoin bubble. You're assuming bitcoin is in a bubble but many others are not. What says bitcoin is a bubble, how can you prove this?
February 18, 2021, 12:30:30 PM
Sounds more like an opposition post, why focus on bmb only, look at eth and how it is being pumped, bnb has a limited circulation on like eth that has no max supply yet keep pumping in price,
I believe cz is clever enough to know what to do in this regard, bnb is pumping because investors are busy buying just as investors are busy buying btc even at current price.
I believe cz is clever enough to know what to do in this regard, bnb is pumping because investors are busy buying just as investors are busy buying btc even at current price.
February 18, 2021, 12:26:17 PM
since Bitcoin has completely bubbled itself into the $50k territory
that is your false opinion, and you think this way because you have believed the FUD that brainwashed you into thinking bitcoin can't or shouldn't go up.the fact is that bitcoin is actually very undervalued right now and must be worth a lot more than this to reach its intrinsic value. then has to go up 3x more to reach a bubble.
Quote
and 1 BNB is worth now close to $200 ! (more than 10x times what it was worth in July 2020).
there are a lot of shitcoins that are getting pumped and dumped. the more centralized they are the easier it is to pump them up during times of great hype.take XRP shitcoin for example, it is practically a dead coin with no usages and has been dumping for over 4 years now. they just pumped it last month from $0.2 to $0.5
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The only way for the Cryptoaltcoin bubble to burst is through Binance, that's how we see it.
FTFYQuote
What do you think about this scenario? How far is it from reality?
it is too far that it doesn't even see the reality line anymore.the reality is that Binance is a massive altcoin exchange like its predecessors that used to be massive altcoin exchanges and all died giving their place to another exchange. a chain that has ended with Binance and will be another exchange soon.
all of them blew up the same way too. Cryptsy then Poloniex then Bitrex then Binance. and none of them ever affected bitcoin price even the slightest bit.
February 18, 2021, 12:23:22 PM
BNB totally collapsing is actually a net positive for Bitcoin lol. Look, if it so happens that we get huge bad news for Binance and or BNB, where do you think the BNB holders would trade their money to? It's just either BTC, or some stablecoin.
February 18, 2021, 11:47:52 AM
We were aware of the token called "Binance Coin" a long time ago. In July 2020 we posted an article about it when the price of 1 BNB was only $18.
However, we are considering publishing an article about the exact opposite direction, since Bitcoin has completely bubbled itself into the $50k territory and 1 BNB is worth now close to $200 ! (more than 10x times what it was worth in July 2020).
The only way for the Crypto bubble to burst is through Binance, that's how we see it.
Binance is not really regulated, and it's perhaps one of the top Crypto exchanges out there.
However, the fact it's not regulated is putting it at huge risk, and currently the bubble is inflated so much, so all it takes is some action against it just like the previous payment providers such as e-gold and LibertyReserve which have been destroyed by US regulators - and then you have a worldwide bubble coming into a huge burst.
What do you think about this scenario? How far is it from reality?
We definitely wish Binance lots of success and we hope it would never go under any type of scrutiny but the bubble is inflated in a way that this scenario is simply screaming out loud that it is going to happen.
But what do you think?
We would like to hear your opinions.
However, we are considering publishing an article about the exact opposite direction, since Bitcoin has completely bubbled itself into the $50k territory and 1 BNB is worth now close to $200 ! (more than 10x times what it was worth in July 2020).
The only way for the Crypto bubble to burst is through Binance, that's how we see it.
Binance is not really regulated, and it's perhaps one of the top Crypto exchanges out there.
However, the fact it's not regulated is putting it at huge risk, and currently the bubble is inflated so much, so all it takes is some action against it just like the previous payment providers such as e-gold and LibertyReserve which have been destroyed by US regulators - and then you have a worldwide bubble coming into a huge burst.
What do you think about this scenario? How far is it from reality?
We definitely wish Binance lots of success and we hope it would never go under any type of scrutiny but the bubble is inflated in a way that this scenario is simply screaming out loud that it is going to happen.
But what do you think?
We would like to hear your opinions.
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