Why is Binance Coin a good choice to HOLD?

hulla

hero member

Activity: 1834

Merit: 566

Quote from: imstillthebest on December 03, 2020, 09:13:22 AM

Quote from: edandrada on December 03, 2020, 07:47:45 AM

with the good politics of cz, in medium ter bnb hits 100 dollar.
he really knows how bnb can get value.

whats medium ter? tier? or medium article ? . bnb hasnt hit 100 dollars and its last ath were only at 39 dollars but its possible that it can get close to 50 dollars in the future .

I believe he presume the price of BNB to clinch $100 when the new ATH price happen next year while the tier was referring to the strategy and the rewards CZ binance integrated for BNB holders which was also one of the thing that make the coin to be among cryptocurrency enthusiast choice.

Quote from: imstillthebest on December 03, 2020, 09:13:22 AM

cz is a wise guy and know what he was planning

CZ have worked with many big company and also developed software that make the companies thrive so if he not wise enough to manage his own business despite all his previous experience that will make him irresponsible.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: edandrada on December 03, 2020, 07:47:45 AM

with the good politics of cz, in medium ter bnb hits 100 dollar.
he really knows how bnb can get value.

whats medium ter? tier? or medium article ? . bnb hasnt hit 100 dollars and its last ath were only at 39 dollars but its possible that it can get close to 50 dollars in the future .

the bnb ath of 39 dollars happen about 1 year ago and as you can see the coin is verry humble because it didnt show a snappy increase or pump unlike to other coins out there that are boastful but after they fall hard they are also having a hard time to recover .

cz is a wise guy and know what he was planning

edandrada

member

Activity: 980

Merit: 18

with the good politics of cz, in medium ter bnb hits 100 dollar.
he really knows how bnb can get value.

kotajikikox

full member

Activity: 2478

Merit: 215

★Bitvest.io★ Play Plinko or Invest!

Quote from: tspmhack6 on April 22, 2019, 11:28:26 PM

First, BNB has the advantage of being a coin master of the exchange. And the crypto trading floor is the project that has the longest living ability, compared to other utility token projects.
Kiss

Second, Binance Coin itself has proved to be safe (safe heaven) after many adjustments of crypto market, although it cannot match Bitcoin and Teether (USDT).
Kiss

Third, the Binance Coin is also the leading coin when it is possible to reduce not much during the time when the market adjusts, and increases the fastest when the market recovers. Stock Traders in the stock market always prefer the leading stock like this.

So what about you? Wink

I withdraw my Holdings from Binance as i have seen no progress this past months when many coins are making their way up BNB stays in their level now.Maybe i am not that trusting the exchange because of the past issue ,I just tried if it will make difference since they are the Most influential exchange now.

I won't Feel bad at all because i transfer my Funds from BNB to XRP and ETH in which doubling the Value now.

coin_1122

full member

Activity: 1134

Merit: 102

Quote from: mdzahed134 on November 26, 2019, 03:12:18 PM

Quote from: jvper on April 22, 2019, 11:44:24 PM

In my opinion an investor should not invest a significant amount in one coin only. It is very important to diversify risk away. This rule should be followed in the Binance Coin investment case too.

But a huge number of people who guys only invest in the Binance Platform. Yeah, it’s a big risky investment if all of initial money put here even so many people bearing losses for this coin big dropped, i bounty when price was 22$ and now it’s too much low. Binance is the top ranking platform right now but i will never recommend don’t investment with one coin.

Of course, what you said is right, we should always focus on the long term and also we shouldn't keep all our eggs on a single coin, we should always diversify our investments in multiple coins and it will surely help to protect us from the loses. Before investing in any coin we should research and start investing in it.

Rowenta

member

Activity: 196

Merit: 12

I invest in a altcoin base on the team capability and experience, binance exchange had one thing right and that's the team, CZ can't handle binance exchange alone but he is so lucky to have professionals on his team, I believe that's why BNB and binance exchange are shooting for the sky, binance exchange is the most active crypto exchange today that's why you must hold BNB token and also there are few things to gain while holding BNB token too, for example binance launchpad tickets.

ichi

member

Activity: 182

Merit: 10

This theme is being addressed so often yet I will give you a thought of why Binance Coin is one of the most altcoins to hold that present to you a brilliant future, yet yes your thought was here my assessment First the advancement proceeds and improving for so often now Binance trade site dispatch its Binance chain to make altcoin relocate to this stage, second Binance is one of the top trade destinations in the market it likewise has a made sure about and gorgeous stage that brings everybody a fulfillment to exchange overall Binance coin is acceptable to hold for the long haul.

mdzahed134

sr. member

Activity: 2128

Merit: 259

SOL.BIOKRIPT.COM

Quote from: jvper on April 22, 2019, 11:44:24 PM

In my opinion an investor should not invest a significant amount in one coin only. It is very important to diversify risk away. This rule should be followed in the Binance Coin investment case too.

But a huge number of people who guys only invest in the Binance Platform. Yeah, it’s a big risky investment if all of initial money put here even so many people bearing losses for this coin big dropped, i bounty when price was 22$ and now it’s too much low. Binance is the top ranking platform right now but i will never recommend don’t investment with one coin.

TinaK

hero member

Activity: 1106

Merit: 527

This is ethereum also been exaggerated few years agobut after 2017 and total now you are not seeing any good growth on this projects I am not sure how this is coin also will react in future.
We are looking to make the profit in in any cryptocurrencies so we might be considered this binance coin as same as that. Don't give any extra priority to any cryptos. They were not going to pay for it.

nakata121

member

Activity: 574

Merit: 14

Quote from: Iceblast on November 26, 2019, 12:18:58 PM

I see the potential of BNB is indeed worthy to be used as one of the best coin positions in altcoin, besides seeing enthusiastic crypto enthusiasts about BNB coin types is very high. BNB prices are indeed high and could potentially lead to higher positions, so I think there is no reason to choose BNB to be the preferred coin to hold

Besides because binance is one of the biggest exchanges at the moment, of course many traders have strong reasons to make BNB as their investment asset, I personally tend to agree with what you say but I want to add, if at this time BNB has a good reputation in many exchanges rather than other coins and with the commitment of binance which burns 20% of transaction costs in binance every Four months which means that as many as 100 million BNB coins are sold when their ICO will be destroyed so that this becomes the main pump to experience price increases in the future.

Iceblast

full member

Activity: 783

Merit: 100

I see the potential of BNB is indeed worthy to be used as one of the best coin positions in altcoin, besides seeing enthusiastic crypto enthusiasts about BNB coin types is very high. BNB prices are indeed high and could potentially lead to higher positions, so I think there is no reason to choose BNB to be the preferred coin to hold

bounty.bn

jr. member

Activity: 239

Merit: 5

Quote from: tspmhack6 on April 22, 2019, 11:28:26 PM

First, BNB has the advantage of being a coin master of the exchange. And the crypto trading floor is the project that has the longest living ability, compared to other utility token projects.
Kiss

Second, Binance Coin itself has proved to be safe (safe heaven) after many adjustments of crypto market, although it cannot match Bitcoin and Teether (USDT).
Kiss

Third, the Binance Coin is also the leading coin when it is possible to reduce not much during the time when the market adjusts, and increases the fastest when the market recovers. Stock Traders in the stock market always prefer the leading stock like this.

So what about you? Wink

We all know that Binance with a strong financial background and a team of creative ideas is expanding and competing with other platforms like Etherum or EOS.
Many projects have moved from the Etherum platform to the Binance chain. Therefore, in the near future, I believe that BNB will occupy the position of ETH on Coinmarketcap

darth_cryptorider

member

Activity: 470

Merit: 16

I agree with you, binance now become something more than just exchange coin. Now its whole ecosystem, which grow every day, maybe next features will be integration with online stores and it will make binance even more successful

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: ajaymukund on September 16, 2019, 11:50:08 AM

Quote from: tspmhack6 on April 22, 2019, 11:28:26 PM

First, BNB has the advantage of being a coin master of the exchange. And the crypto trading floor is the project that has the longest living ability, compared to other utility token projects.
Kiss

Second, Binance Coin itself has proved to be safe (safe heaven) after many adjustments of crypto market, although it cannot match Bitcoin and Teether (USDT).
Kiss

Third, the Binance Coin is also the leading coin when it is possible to reduce not much during the time when the market adjusts, and increases the fastest when the market recovers. Stock Traders in the stock market always prefer the leading stock like this.

So what about you? Wink

I think they only get it when IEO is trending. As you can see, when IEO is starting to stop being hot, the value of BNB has been greatly reduced, from $ 35 now reduced to only $ 20.5.
stay awake and I think BNB will continue to decline as the IEO keeps failing.
I would choose to hold Huobi instead of Binance, Huobi has a much better investor protection policy than Binance.

You got some points on here which is typically true.When IEO hype starts to rose up the BNB value had rise its value since this is the primary requirement for you to be able to join up their IEO sale which means theres a demand.We cant totally point out that the reason why BNB price value is dropping due to lose of IEO hype but we can also point out on the current market condition which is pretty bearish at the moment which is one of the factors too but we cant deny that kind of possibility of the hype is now decreasing.
Huobi alternative? You can risk up though but choosing between bnb then i would still stay intact with Binance tokens but it isnt a bad consideration though.

fudge

hero member

Activity: 666

Merit: 500

top exchange yeah
do you believe BNB will make +50%?

virasisog

hero member

Activity: 1820

Merit: 537

Basically every projects needs to have an exchange and any coin with use cases definitely has potential price growth and so happen Binance platform is one of the top exchangers right now and i know binance burns a portion of bnb every new quarter. So i would also like to see Bnb on my portfolio.

ajaymukund

member

Activity: 784

Merit: 10

https://streamies.io/

Quote from: tspmhack6 on April 22, 2019, 11:28:26 PM

First, BNB has the advantage of being a coin master of the exchange. And the crypto trading floor is the project that has the longest living ability, compared to other utility token projects.
Kiss

Second, Binance Coin itself has proved to be safe (safe heaven) after many adjustments of crypto market, although it cannot match Bitcoin and Teether (USDT).
Kiss

Third, the Binance Coin is also the leading coin when it is possible to reduce not much during the time when the market adjusts, and increases the fastest when the market recovers. Stock Traders in the stock market always prefer the leading stock like this.

So what about you? Wink

I think they only get it when IEO is trending. As you can see, when IEO is starting to stop being hot, the value of BNB has been greatly reduced, from $ 35 now reduced to only $ 20.5.
stay awake and I think BNB will continue to decline as the IEO keeps failing.
I would choose to hold Huobi instead of Binance, Huobi has a much better investor protection policy than Binance.

leea-1334

hero member

Activity: 2296

Merit: 953

Temporary forum vacation

Quote from: kidbounty on September 15, 2019, 01:05:44 PM

BNB is a coin that has an active developer. and the support of the biggest exchanges keeps their hype intact. binance exchange is also the best exchange and has the largest trading volume. so it's normal if their coins are worth holding. many innovations that binance provides for the crypto community. and because of this I believe holding a BNB is the right choice.

Are you kidding me,,, BNB does not need development it only needs simple code changes if at all.

There is zero technology behind BNB. It is a pure exchange utility token that gives you discounts on fees. Nothing else.

So you hold it if you think it will be used more at Binance. Nothing else will make sense.

Bisbee

jr. member

Activity: 111

Merit: 4

Bitcoin

Quote from: cribusen on September 15, 2019, 12:51:38 PM

Quote from: alt-fire on September 14, 2019, 02:31:34 AM

My opinion is: Binance BNB the best choice for holding is because it have a great team which generate new and new ideas and promotions.

It is true, but exchange tokens are a current trend and what would happen when the next wave of hype is going to come? I believe that BNB is a good token, but there are a lot of perspective tokens that are worth buying them.

In the last year, the prices of all tokens have fallen sharply and only a few have kept the price or increased. BNB looks very good compared to other coins and if you choose a coin for investment, it is better to choose BNB. Moreover, new tokens appear on the basis of its blockchain and exchange services are in demand, so this coin is likely to grow.

Free1bitco.in

hero member

Activity: 1624

Merit: 500

currently, the decline in binance prices continues, this might be an opportunity for those who want to have a BNB with a price of $ 20. Since the beginning of August, the price of BNB has almost dropped by $ 9, within 2 months the price of BNB prices has dropped considerably.

however, I believe that this is an opportunity to buy BNB at a cheap price. there is a possibility that the price of BNB at the end of this year will also recover, for initially the possible increase in BNB prices could reach $ 25 for the end of this month.

Topic: Why is Binance Coin a good choice to HOLD? (Read 20423 times)