[POLL] Will BNB crash? Will Binance go bankrupt? - page 6.

tygeade

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Quote from: lobo13hf on January 03, 2023, 11:26:47 AM

honestly I think BNB is better compared to other similar coins, it has the big community, there are still quite many nft games that still quite famous running in bsc meaning bnb still have a lot demands, I think it will never crash, binance is also doing quite good enough to keep their credibility with all the confirmations coming from binance itself, I doubt it's gonna be crashing.

BNB is definitely a lot better because people are aware that it's a lower transaction fee, even when ETH is so much low right now. It's a long term idea, even if we see ETH being cheaper one day, it doesn't mean it will stay that way and fundamentally it won't be possible for it to be lower for a long term ever.

This means if you build your project on top of BNB, even during the highest peak bull periods, we are going to see BNB being like 1-2 dollars at most and nothing more. This of course comes with some disadvantage which is the fact that ETH is decentralized whereas BNB is centralized and that's the issue. I believe that ETH still worths it because of being decentralized.

lixer

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Quote from: lobo13hf on January 03, 2023, 11:26:47 AM

honestly I think BNB is better compared to other similar coins, it has the big community, there are still quite many nft games that still quite famous running in bsc meaning bnb still have a lot demands, I think it will never crash, binance is also doing quite good enough to keep their credibility with all the confirmations coming from binance itself, I doubt it's gonna be crashing.

Each of us has our own preferences. For you maybe BNB is the best altcoin but for others it was Ethereum. For now there are no signs that these projects can crash because they are still strong but we don't know in the future. Before it happens, it's always better to be prepared. Would it be better to not put all your coins in one basket but let's make it a habit to diversify.

The disadvantage I can think of in BNB is that it is associated with a crypto exchange called Binance. we know that exchanges are a hot topic right now. There are fuds spreading, and what if many are going to be affected with it? It will easily affect BNB but not ETH and other projects because they are simply just a coin.

lobo13hf

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honestly I think BNB is better compared to other similar coins, it has the big community, there are still quite many nft games that still quite famous running in bsc meaning bnb still have a lot demands, I think it will never crash, binance is also doing quite good enough to keep their credibility with all the confirmations coming from binance itself, I doubt it's gonna be crashing.

GreatArkansas

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For me, BNB and the Binance Exchange is a really big players in cryptocurrency right now.
But if we will separate BNB and Binance Exchange, it's all good. As long Binance Exchange will stay, BNB will not crash, because I believe the BNB is powered by Binance Exchange plus their smart contract platform which is Binance Smart Chain.
I am more worried on Binance Exchange.

Scripture

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Quote from: Jawhead999 on December 25, 2022, 01:08:21 AM

I don't think BNB will cause Binance to bankrupt, but when Binance bankrupt BNB will 100% become a dead coin similar like FTT token from FTX. Most people don't care with decentralization, security, privacy and verifiable, so that's why centralized coins are still have huge marketcap. So BNB woudn't crash if Binance is still alive and doesn't have any big problem.

This will be a big challenge of Binance to stay alive after what happened to other exchange, Binance seems pretty solid though so I can’t imagine them filing for a bankruptcy, this could be another tragedy if ever. I understand the current Fud against them but I think they are also prepared for this and as we can see, BNB didn’t dump that much despite of so make fake news against Binance, that can tell something and prove their strong market exposure.

AmoreJaz

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Quote from: Xal0lex on December 25, 2022, 07:23:29 PM

Quote from: dwminer1 on December 25, 2022, 05:58:14 AM

I voted for the first option. Maybe it's a bit of wishful thinking, but at the moment I don't see any big indication that Binance is in trouble. It is normal that after recent events in the crypto world, fears and suspicion among exchange users have increased significantly. Maybe in the long run it will have positive effects, because keeping funds on exchanges and other services will always be risky. Returning to Binance, they react calmly to all recent allegations and, in my opinion, respond rationally. I do not rule out that attacks on Binance from various sides will continue and this may have a negative impact on the value of BNB, but I hope that the exchange will survive without major problems. I believe that the collapse or insolvency of Binance would be an incomparably greater blow to the cryptocurrency world than the case with FTX and would slow down the development of this market by several years.

Binance has been hit by so many FUDs lately that any fear is already perceived as the beginning of collapse, although in fact it could be quite different. All this talk about the collapse of BNB and the bankruptcy of Binance may be just speculation to get people to sell BNB as much as possible, thereby lowering its price short-term so that large holders can buy the asset at an undervalued price.

if there's truth to this FUD, maybe, we are seeing BNB to decline fast already. however, the decline is owed to being bearish season. it may go down just like other alt markets, but it is stronger than most alts. so once the market recovers, high likely that it will go up again. this is why it is understandable that a lot voted for the first option - which is nothing, just fud. the binance foundation for me is strong, and i don't think CZ will just let this platform crumbles for nothing.

Xal0lex

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Quote from: dwminer1 on December 25, 2022, 05:58:14 AM

I voted for the first option. Maybe it's a bit of wishful thinking, but at the moment I don't see any big indication that Binance is in trouble. It is normal that after recent events in the crypto world, fears and suspicion among exchange users have increased significantly. Maybe in the long run it will have positive effects, because keeping funds on exchanges and other services will always be risky. Returning to Binance, they react calmly to all recent allegations and, in my opinion, respond rationally. I do not rule out that attacks on Binance from various sides will continue and this may have a negative impact on the value of BNB, but I hope that the exchange will survive without major problems. I believe that the collapse or insolvency of Binance would be an incomparably greater blow to the cryptocurrency world than the case with FTX and would slow down the development of this market by several years.

Binance has been hit by so many FUDs lately that any fear is already perceived as the beginning of collapse, although in fact it could be quite different. All this talk about the collapse of BNB and the bankruptcy of Binance may be just speculation to get people to sell BNB as much as possible, thereby lowering its price short-term so that large holders can buy the asset at an undervalued price.

Wiwo

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Quote from: Eternalman on December 16, 2022, 05:28:29 AM

No, I don't think it will go bankrupt, the BNB liquidity and the liquidity of Binance are two different things are not quite as related. So, the platform will remain strong as in my opinion.

Recently I was having a friendly discussion with a friend of mine and he mentioned something like this also, and I tried to get some facts from him on the difference between BNB and Binance since both are owned and operated by the same person, I think whatever affects binance will also affect BNB as a centralized company, even though the developers may say that both Binance and BNB liquidities are different. Binance exchange/binance chain is both integrated into the same network and as a matter of fact, BNB is the utility token for fees on the binance chain which interface with the binance exchange, and other chains so in the case of crisis I think logically their both fall under the same umbrella which is binance. Am not saying for certain that what I am saying is correct and I may be the wrong Binance is a big company and they have experience and the best developers and strategy to keep them in the market a for long.

dwminer1

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I voted for the first option. Maybe it's a bit of wishful thinking, but at the moment I don't see any big indication that Binance is in trouble. It is normal that after recent events in the crypto world, fears and suspicion among exchange users have increased significantly. Maybe in the long run it will have positive effects, because keeping funds on exchanges and other services will always be risky. Returning to Binance, they react calmly to all recent allegations and, in my opinion, respond rationally. I do not rule out that attacks on Binance from various sides will continue and this may have a negative impact on the value of BNB, but I hope that the exchange will survive without major problems. I believe that the collapse or insolvency of Binance would be an incomparably greater blow to the cryptocurrency world than the case with FTX and would slow down the development of this market by several years.

Sayeds56

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Quote from: Jating on December 21, 2022, 05:47:45 PM

I voted for Nothing. FUD.

I think CZ has get over this FUD, just started when some company do audits and stuff post in the internet and then others took the bandwagon and spin it. And if I'm not mistaken, that tweet or report has been deleted already by the company because probably they know they created a lot of fuss about it and not good for the market.

So for me it won't crash, Binance will remain the top exchange because they still gain the trust of everyone here in the market.

And I don't know, CZ has this personality that everyone loves, just saying.

Yes! It looks like as CZ has overcome the crisis he was facing during the past weeks and now he is moving on to acquire some new project, Voyager assets for 1 Billion dollar, as reported in the media. Binance is unlikely to crash because it is cash rich company and its team is doing immense innovative work to keep its native token BNB in demand. I can not say with surety but, probably BNB will be one of the TOP three coins on coinmarketcap, in the next bull run.

https://www.cnbc.com/2022/12/19/binance-to-acquire-voyager-assets-weeks-after-ftx-deal-fell-through-bankruptcy.htmlteam

Jawhead999

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I don't think BNB will cause Binance to bankrupt, but when Binance bankrupt BNB will 100% become a dead coin similar like FTT token from FTX. Most people don't care with decentralization, security, privacy and verifiable, so that's why centralized coins are still have huge marketcap. So BNB woudn't crash if Binance is still alive and doesn't have any big problem.

mdzahed134

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Quote from: janggernaut on December 22, 2022, 08:54:12 AM

Quote from: maydna on December 22, 2022, 08:27:07 AM

I feel that Binance is being targeted by the government and trying to find excuses to bring it down Binance. And if Binance falls, it will also make BNB fall and lose the trust of its investors. Anything can happen, especially in crypto, because there is no certainty that one exchange or project will operate forever. We can only be careful and always look for the latest information on hot topics so we can still decide. If Binance eventually crashes, it could create panic in other markets because, as a large exchange, Binance must survive and defend itself properly. Well, we'll see what happens.

Well you know , lot of people who losing their money on FTX are blaming CZ because of him, they lose their savings/money which they deposited on FTX. Can't deny that, but if CZ not tweet about want to sell their FTT, FTX will be take more victims and more money will get scammed by them. Cz stopped it and told us, but it affected lot of people's investment on FTX. That's why binance being targeted now, lot of FUDs, even recent total $10billion withdrawal from binance as people afraid if Binance would ended up like FTX

Yeah, i also observed a lot of peoples blaming CZ for this situation of FTX exchange, especially who guys are lost their money by holding FTT tokens. But i don’t think Binance will be collapse such FTX because people’s trust with CZ and Binance is huge reputed and the top crypto exchange from the last few years, So i never expect binance will go bankrupt or something like that.

len01

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I'm not going to vote for the poll above and I'm not going to have much to say about this.
for sure we don't know what will happen to binance after so many FUD have attacked binance.
if indeed binance is able to survive against this FUD, he will continue to be successful.
but if he fails against this FUD, I think he will.

but speculation or predictions like this are not necessarily true and are only a sign to prefer a decentralized coin like bitcoin.

inthelongrun

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I think this is some kind of a FUD. Partners and friends of the scammer Bankman-Fried are probably trying their best to drag down Binance as well. CZ already saw what happened on LUNA and FTX earlier so he will be extra meticulous. Although I believe that Binance also used its depositor's funds but it is not as big as FTX. Binance after the incidents is making sure to do its best in restoring clients' deposits.

MFahad

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Everything bis possible. Ftx was also big exchange and ftx crash in very little time. If Binance bankrupt it will be very bad for whole crypto and there will be massive crash in all coins. Bnb will be not crash alone but it will crash many coins which available in only bnb smart chain.

maydna

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Quote from: janggernaut on December 22, 2022, 08:54:12 AM

Quote from: maydna on December 22, 2022, 08:27:07 AM

I feel that Binance is being targeted by the government and trying to find excuses to bring it down Binance. And if Binance falls, it will also make BNB fall and lose the trust of its investors. Anything can happen, especially in crypto, because there is no certainty that one exchange or project will operate forever. We can only be careful and always look for the latest information on hot topics so we can still decide. If Binance eventually crashes, it could create panic in other markets because, as a large exchange, Binance must survive and defend itself properly. Well, we'll see what happens.

Well you know , lot of people who losing their money on FTX are blaming CZ because of him, they lose their savings/money which they deposited on FTX. Can't deny that, but if CZ not tweet about want to sell their FTT, FTX will be take more victims and more money will get scammed by them. Cz stopped it and told us, but it affected lot of people's investment on FTX. That's why binance being targeted now, lot of FUDs, even recent total $10billion withdrawal from binance as people afraid if Binance would ended up like FTX

If Binance can prove it can solve this problem, Binance will grow bigger and people will go back to using Binance as normal. This was a tough task for CZ, but CZ could handle it since he already had experience. Or it could be a cycle of top exchange turnover, as in the coin listings on the market. In the past, Bittrex and Poloniex were strong exchanges. Still, after Binance appeared, Bittrex and Poloniex slowly lost their popularity because the whales moved to Binance, even though Bittrex and Poloniex have survived until now.

rhomelmabini

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Quote from: janggernaut on December 22, 2022, 08:54:12 AM

Quote from: maydna on December 22, 2022, 08:27:07 AM

I feel that Binance is being targeted by the government and trying to find excuses to bring it down Binance. And if Binance falls, it will also make BNB fall and lose the trust of its investors. Anything can happen, especially in crypto, because there is no certainty that one exchange or project will operate forever. We can only be careful and always look for the latest information on hot topics so we can still decide. If Binance eventually crashes, it could create panic in other markets because, as a large exchange, Binance must survive and defend itself properly. Well, we'll see what happens.

Well you know , lot of people who losing their money on FTX are blaming CZ because of him, they lose their savings/money which they deposited on FTX. Can't deny that, but if CZ not tweet about want to sell their FTT, FTX will be take more victims and more money will get scammed by them. Cz stopped it and told us, but it affected lot of people's investment on FTX. That's why binance being targeted now, lot of FUDs, even recent total $10billion withdrawal from binance as people afraid if Binance would ended up like FTX

I think these people are just blaming the wrong dude. Would it make a difference if CZ doesn't tweet and they deal it internally but made the same outcome that FTX wouldn't be acquired or Binance won't lend anything? I think that will be more confusing to the investors, FTX was just hanging by a thread if we never knew it from CZ or others that exposed it. It's bound to happen, guess lot of huge names are investors on FTX too and just want create FUD to bring down Binance, including O'Leary.

janggernaut

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Quote from: maydna on December 22, 2022, 08:27:07 AM

I feel that Binance is being targeted by the government and trying to find excuses to bring it down Binance. And if Binance falls, it will also make BNB fall and lose the trust of its investors. Anything can happen, especially in crypto, because there is no certainty that one exchange or project will operate forever. We can only be careful and always look for the latest information on hot topics so we can still decide. If Binance eventually crashes, it could create panic in other markets because, as a large exchange, Binance must survive and defend itself properly. Well, we'll see what happens.

Well you know , lot of people who losing their money on FTX are blaming CZ because of him, they lose their savings/money which they deposited on FTX. Can't deny that, but if CZ not tweet about want to sell their FTT, FTX will be take more victims and more money will get scammed by them. Cz stopped it and told us, but it affected lot of people's investment on FTX. That's why binance being targeted now, lot of FUDs, even recent total $10billion withdrawal from binance as people afraid if Binance would ended up like FTX

maydna

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I feel that Binance is being targeted by the government and trying to find excuses to bring it down Binance. And if Binance falls, it will also make BNB fall and lose the trust of its investors. Anything can happen, especially in crypto, because there is no certainty that one exchange or project will operate forever. We can only be careful and always look for the latest information on hot topics so we can still decide. If Binance eventually crashes, it could create panic in other markets because, as a large exchange, Binance must survive and defend itself properly. Well, we'll see what happens.

blockman

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Although, the next in the hot seat is Binance/BNB. I don't see it go close with FTX, I might be bias as I use Binance but I know that every exchange can have its downfall.
But so far, with the current situation that it can, they've allowed all the withdrawals to be processed without any issue just after that FUD has been in the community.
So, I think that it's still going to recovery no matter what FUD has been given unlike the FTT and other exit scam tokens, they're unlikely to recover.

Topic: [POLL] Will BNB crash? Will Binance go bankrupt? - page 6. (Read 1400 times)