What happens to BNB after 5 years? - page 2.

Vishnu.Reang

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Quote from: MikeyVeez on February 23, 2020, 06:51:30 AM

Are you kidding? BNB coin is used among the whole Binance ecosystem such as Binance Chain, Binance DEX, Binance lending and margin platform, also the number of BNB constantly decreasing so people are motivated to hold it.

It is true that every year they burn a certain amount of BNB and therefore the circulating supply is declining. But this is not being reflected in the exchange rates. By mid-2019, the prices were around $40 per coin, which declined to $12 per coin six months later. Now BNB is undergoing some sort of recovery and the prices have raised to $22. But still, it is a long way away from the ATH.

MikeyVeez

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Are you kidding? BNB coin is used among the whole Binance ecosystem such as Binance Chain, Binance DEX, Binance lending and margin platform, also the number of BNB constantly decreasing so people are motivated to hold it.

Lexurdania

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In my opinion BNB Coin still depends on the Binance exchanger and I think the price in the next 5 years will depend on the performance of the transaction at Binance. But with the continuous development of the platform and also as a native token one of the biggest exchangers, I think BNB Coin can be a profitable investment

Adamara

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It is obvious that BNB is a great project with a financially strong backing of a hard working team. I know and believe in the next five years, if they maintain their integrity and hard work, they will not only be at the top but the most respected coin ever. I haven't seen any other project this cool.

shadowdio

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Zawardo

We really don't know what will happen to BNB after 5 years but for sure the price will increasing maybe we can see BNB reaching $1000 price if the team still active and also the binance exchange. Seems the binance exchange is the power source of BNB.

matchi2011

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Quote from: kaneki007 on February 22, 2020, 10:49:57 PM

Quote from: mirakal on February 17, 2020, 05:37:28 AM

If you believe in the project, you'll always think positive and for me, I believe BNB will be a success, maybe 5 years from now we will see it at a price of $1,000 per BNB, and I know it's not impossible as ETH had achieve that price from below $1 ICO price if I am not mistaken.

Indeed everything can happen in the next 5 years, but if BNB has not touched price 1k$ you will still sell it in the next 5 years? I mean is if the price might still be hundreds of dollars or you will hold it until it happens?

Good question, it's tough to say that after waiting for that long years you will keep holding for sure some adjustments and movements that will happen
around once you see satisfying value from your assets. BNB always have a very big chance to grow since the exchange are really doing well but reaching that amount will take some longer time.

BlackFor3st

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Quote from: NikS13 on February 14, 2020, 05:59:41 AM

What happens to BNB coin after 5 years? Because then you get no discount anymore? Then what is the purpose of BNB anymore?

BNB will be only use in their exchange especially in the new IEO that will be launch in their launchpad. I cannot see a wide usage of BNB so I cannot think whether BNB will continue to dominate other currencies 5 years from now.

Though it is a a very popular exchange and also to the IEO owners, so there is still a chance for BNB to rank up if they can also widen their marketing while thinking other ideas on how they can use their currency in a wider area.

Innocant

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Quote from: judeafante on February 21, 2020, 09:04:17 AM

Quote from: NikS13 on February 14, 2020, 05:59:41 AM

What happens to BNB coin after 5 years? Because then you get no discount anymore? Then what is the purpose of BNB anymore?

Five years is a long way to go and we have no way of knowing what will they implement to stay in the top of the game, they are leaders for years now and although there are exchanges who claims that they have a much bigger volume, Binance is still considering the king because of the many innovations they've created in industry.

Yes its a long way to go and Ill think their something happen while we are waiting on that year, Maybe some of our BNB coins we have sell it already or trade it to another altcoins that have a potential and have a future. As of now we cant feel yet about this happen from crypto and we saw only reach the bitcoin into a $10000 price and thats good for us also than to back into $6000.

kaneki007

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Quote from: mirakal on February 17, 2020, 05:37:28 AM

If you believe in the project, you'll always think positive and for me, I believe BNB will be a success, maybe 5 years from now we will see it at a price of $1,000 per BNB, and I know it's not impossible as ETH had achieve that price from below $1 ICO price if I am not mistaken.

Indeed everything can happen in the next 5 years, but if BNB has not touched price 1k$ you will still sell it in the next 5 years? I mean is if the price might still be hundreds of dollars or you will hold it until it happens?

judeafante

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Quote from: NikS13 on February 14, 2020, 05:59:41 AM

What happens to BNB coin after 5 years? Because then you get no discount anymore? Then what is the purpose of BNB anymore?

Five years is a long way to go and we have no way of knowing what will they implement to stay in the top of the game, they are leaders for years now and although there are exchanges who claims that they have a much bigger volume, Binance is still considering the king because of the many innovations they've created in industry.

Tipstar

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Quote from: Wend on February 21, 2020, 07:29:52 AM

Quote from: flagpara on February 18, 2020, 05:11:20 AM

Quote from: NikS13 on February 14, 2020, 05:59:41 AM

What happens to BNB coin after 5 years? Because then you get no discount anymore? Then what is the purpose of BNB anymore?

Very hard to next 5 years situation of any coin but we should go through at least one bullrun in this 5 years. As giving some bode of Binance coin, could launch new service as did BNB coin and Binance USD. Because all plans are like to monopoly the cryptocurrency.

Even do not have any bull run in this 5 years from now but the important on it is increasing the price of BNB.
BNB are now waiting for the time of bitcoins to increase more the value, Because if this will have a bull run in this year maybe BNB is one of them to increase the price.

I have to say that BNB will be difficult to experience a hike up to the new All Time High, lately also Binance has a problem, a lot of bad rumors regarding that exchange, I just said that there are on those Twitter tweets about BInance

If binance remains as successful, it would devise one way or other to maintain the price of BNB. They also have introduced the BinanceDEX but that still has to get any visible traffic.
But it's highly likely that newer exchanges would replace Binance in the next 5 years. Binance has already started losing it's volume to others. And with the decrease in popularity of binance, BNB would fail to maintain it's price.

Wend

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Quote from: flagpara on February 18, 2020, 05:11:20 AM

Quote from: NikS13 on February 14, 2020, 05:59:41 AM

What happens to BNB coin after 5 years? Because then you get no discount anymore? Then what is the purpose of BNB anymore?

Very hard to next 5 years situation of any coin but we should go through at least one bullrun in this 5 years. As giving some bode of Binance coin, could launch new service as did BNB coin and Binance USD. Because all plans are like to monopoly the cryptocurrency.

Even do not have any bull run in this 5 years from now but the important on it is increasing the price of BNB.
BNB are now waiting for the time of bitcoins to increase more the value, Because if this will have a bull run in this year maybe BNB is one of them to increase the price.

Wh00re

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Binance will most likely be out competed by decentralized exchanges such as the Blocknet DEX, which does NOT need your personal info, (KYC), account registrations etc.

Never seen a time where decentralization has been discussed as much as now, for obvious reasons I believe.

All of us wants privacy, freedom, and most importantly feel secure whenever we want to trade our assets. Something a DEX provides.

Accumulating a bunch of DEX project coins/tokens right now for this very reason in fact!

serjent05

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AS far as I know BNB had experienced a great pump and dump within this 5 years' time. Even though it experienced a huge drop in price after its ATH, BNB's early buyers are still in a profit.

BNB is a native token of BNB blockchain and is used as one of requirement as the mode of payment if some project's token wanted to be listed in either their(Binance) CEX or DEX. It is also used to have discounts on trades and transactions within the exchange. That is pretty much the usage of BNB.

bttmember

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AMEPAY

I am sure in 5 years time they would have developed many more features, services and utilities for token holders so the ecosystem will grow as well as the token on the platform which eventually will create demand and price of bnb will also grow nicely but we have to wait and see if binance will remain dominant till then or not.

el kaka22

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This question is the same question of "what happens to binance in 5 years?" because they are connected together, if binance goes belly up that means bnb will go as well, if binance becomes even more powerful that means bnb will as well.

I do not see Binance itself becoming any stronger tho, they have already peaked and I feel like they are on the way down now, that is exactly why they created new offices in other nations, that is why they did their own staking part of the website, that is why they did the dex version with bnb funding the new projects. They are trying to hold on to the power they have so far reached and that is what makes me question their future.

In 5 years I am sure there will be even bigger technological improvements that eventually will be better than binance and that will result with binance becoming less powerful in crypto world which will drop the price of BNB.

Mianae

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The purpose of BNB is the utility it serves in the Binance ecosystem. BNB tokens serve as the only assess to the features of Binance exchange whether Binance remove the discount or not, people will need to hold BNB to be a part of Binance offerings in the future.

fullhdpixel

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Quote from: NikS13 on February 14, 2020, 05:59:41 AM

What happens to BNB coin after 5 years? Because then you get no discount anymore? Then what is the purpose of BNB anymore?

BNB coin is been used as a utility token on binance platform which allows us to gain some discount on the trading fees. This would be the same even after 5 years because BNB is a coin backed by binance exchange and its main function would be to support internal monetary affairs in between the platform. There would perhaps be some more benefits of holding BNB coin after these 5 years as even now we are able to stake and lend BNB to gain some profits.

I can surely say that BNB would have a major pump after these 5 years because of its ever rising demand and huge benefits offered to the holders. Many traders prefer to pay their trading fees with BNB rather than using any other coin just to save some bucks on fees.

bitgolden

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Quote from: @prashant on February 18, 2020, 05:41:28 AM

As you know binance is one of the fast growing growing exchange out there and it has already become global exchange and if they continue with same pace then in 5 years we might see binance as majority holder in exchange space then bnb will automatically rise in price so it is safe play to accumulate it and leave it for few years to get massive profit. Binance is continuously working to introduce something new to space so we might see other usage of bnb soon.

Possibilities of BNB making a hard pump are much greater. But in case there are any internal issues which might make some of the users lose their funds than I think that majority of people might stop using binance and BNB coin. This might be something which might dump the price.

We can't exactly predict the future of any coin as even 5 years is a long time span and in this time anything can happen with the high volatility markets. If binance gets hacked, etc than many of the users would lose their faith from the exchange which might even lead for panic sell of BNB which is never good for the price of any coin. BNB would dump in this case but the chances of this to happen are quit less.

@prashant

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As you know binance is one of the fast growing growing exchange out there and it has already become global exchange and if they continue with same pace then in 5 years we might see binance as majority holder in exchange space then bnb will automatically rise in price so it is safe play to accumulate it and leave it for few years to get massive profit. Binance is continuously working to introduce something new to space so we might see other usage of bnb soon.

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