Why is Binance Coin a good choice to HOLD? - page 11.

bounty.cvn

newbie

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Quote from: tsaroz on May 23, 2019, 09:05:13 PM

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

Fourth Binance has a limited supply, with periodic buy back and burn, the supply is ever decreasing.
Fifth the use of binance coin is on the rise. It reduces the fees in binance exchange from 0.1% to 0.05% while it's the gas for Binance DEX where BNB is a necessity.

So, BNB is a precious token to hold. At least until Binance reigns the war of exchanges.

I like this review of you.

samycoin

full member

Activity: 812

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People choose to hold binance coin because they know the value of this coin, as we can see their exchange is the top exchange in crypto,. Binance know to manage their costumer and Binance knows how to value everything but of course it depends to the people what they choose to use as exchange.

BitTraderCute

full member

Activity: 899

Merit: 101

Quote from: Netnox on May 25, 2019, 11:28:56 AM

It has given almost 300x returns ever since it was first listed in the market. So I would say that BNB is a very good choice. But then, we need to think about the risk involved. Since it is attached to the Binance exchange, any negative incident at that exchange can result in a decline in the prices as well as the global adoption and acceptability.

i am not sure there will negative incident again in future for binance.last accident about their hacked could be good lesson to improve their security level.binance team always do the best for investors and it will be greater then before in next time.

Netnox

legendary

Activity: 2044

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It has given almost 300x returns ever since it was first listed in the market. So I would say that BNB is a very good choice. But then, we need to think about the risk involved. Since it is attached to the Binance exchange, any negative incident at that exchange can result in a decline in the prices as well as the global adoption and acceptability.

Mypanara19

member

Activity: 826

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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 guess it will take time before bnb can prove that it is truly a good coin and that the people who believed and support it could rely holding it for short or long term. I just hope that bnb is not being hype for whatever reason. Having said my sentiments about bnb I would still want to get hold of it in the future as I know it will prove itself that it has the potential just like theter and ither coins in the market.

kogozer714

copper member

Activity: 593

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If you want to invest your funds and become an investor you have to choose a lot of coins and don't drop them on a storm vortex. It is very important to diversify the risk. This rule must be followed in the case of Binance Coin investment too.

Dellosoft

copper member

Activity: 206

Merit: 1

Nice points about BNB, I added some to my portfolio after the announcement of Binance chain and Binance DEX. Also, some sources say Binance might begin margin trading. Well, when accumulating coins be wise, don't fall in love with a coin.

Cosbycoin

hero member

Activity: 980

Merit: 506

Quote from: Astvile on May 23, 2019, 08:10:10 PM

BNB is by far the best coin that I have saw this past few years,binance coins rapid growth and huge price rise shock most of us but its predictable that this will happend because look at who is managing BNB,the team managing BNB has the most volume of all exchanges their must be pretty good

Well the fact that Binance got hacked was a total security failure and there is nothing wrong with the market now. The hack actually affected the market in no way and I think the number of users on Binance has increased after the hack for Binance has been good enough to cover their losses. BNN which is Binance coin is still in good vibes. It is actually the huge money that the exchange has made is keeping things stable.

r32godzilla

hero member

Activity: 1360

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For me Binance Coin is good only for speculation purposes. We fight for decentralized idea and Binance Coin is not decentralized for sure, you can use it only on centralized exchange where Binance has the majority power.

Mikcik

sr. member

Activity: 742

Merit: 250

Quote from: qomariah95 on May 23, 2019, 08:46:18 PM

Quote from: Astvile on May 23, 2019, 08:10:10 PM

BNB is by far the best coin that I have saw this past few years,binance coins rapid growth and huge price rise shock most of us but its predictable that this will happend because look at who is managing BNB,the team managing BNB has the most volume of all exchanges their must be pretty good

That's why many BNB are traded or detained. Maybe it is true that the growth of BNB is now very extraordinary. With some of the previous developments and also the binance launchpad it is very influential why many people hold back.

I think that BNB holdings are a good thing to do, but at the moment it has too much risk of holding for a long time. I only hold for a short time to get the information thanks to the information that Binance announced as IEO, DEX, and soon the margin feature will cause BNB to raise prices, then I will sell if I get the desired profit

Mrcharles

copper member

Activity: 336

Merit: 5

Bnb happens to be the most profitable exchange tokens. It has grown substantially, lately and has the potential to be much more lucrative. Investment in binance coin promises to be a better choice owing to the fact that the team are very assiduous and innovative.

blockchainwriters

member

Activity: 280

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The main reason binance coin is a good choice to hold is they have lot of developments in pipeline like crypto bank and margin trading and fiat to usd service in Singapore and own blockchain

Markperop

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Quote from: cahbagus555 on May 24, 2019, 07:04:59 AM

Quote from: asbak66 on May 24, 2019, 04:03:42 AM

1. Cause Binance is number one exchange on thus world
2. Binance already have trust from customer so it's easy to keep the price stable and up
3. BNB us used to IEO event, not surprising if the price keep higher
4. They already their own chain and the development is clearly good, you can look by some token already migrate their chain from Eth to BNB. Including famous one like Raven.

I am agree with your opinion. Beside that, BNB Coin have potential in the future when binance DEX started and right now many project join and use binance chain. If many project attract using Binance chain, i am believe BNB coin worth to hold for long term

Of course I agree with your opinion regarding the binance marketplace, since it is a real leader in the cryptocurrency market. But I want to draw your attention to certain gaps in their safety. The administration of the trading platform needs to think about this, since lately Binance has been taking on quite large functions. I talked about a recent hacker attack.

cahbagus555

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Quote from: asbak66 on May 24, 2019, 04:03:42 AM

1. Cause Binance is number one exchange on thus world
2. Binance already have trust from customer so it's easy to keep the price stable and up
3. BNB us used to IEO event, not surprising if the price keep higher
4. They already their own chain and the development is clearly good, you can look by some token already migrate their chain from Eth to BNB. Including famous one like Raven.

I am agree with your opinion. Beside that, BNB Coin have potential in the future when binance DEX started and right now many project join and use binance chain. If many project attract using Binance chain, i am believe BNB coin worth to hold for long term

SirLancelot

hero member

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Quote from: MidnightWolf on May 23, 2019, 01:53:11 PM

Quote from: bebekangsoo on May 23, 2019, 06:05:10 AM

Quote from: EdvinZ on May 23, 2019, 04:50:15 AM

Binance Coin is a good choice for investors, because the exchange has a stable dynamics of development. The platform also implements the necessary blockchain solutions, often innovations in the blockchain industry. All of these factors indicate that BNB is one of the best coins.

good coins will benefit because of good movement so that they have opportunities in the future.
they detained him because they trusted Binance, and there were certain reasons they chose to detain Binance.
good development will increase in the future.

in fact, I’m very worried about the recent hacking of Binance trading exchanges and the loss of a lot of Bitcoin. Of course, so far this resource has a lot of fans among users of cryptocurrency, but the distrust still got far into the soul.

There is really nothing to be worried about the hacked exchange and BNB as its coin. The market stayed unaffected even after the hack and I really am happy with the Binance CEO who announced that Binance will convert the cost. This was very wise move and it in fact attracted now users for a sense of security that the exchange will cover the cost if you loose value due to hacking, had prevailed after the announcement.

asbak66

copper member

Activity: 560

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1. Cause Binance is number one exchange on thus world
2. Binance already have trust from customer so it's easy to keep the price stable and up
3. BNB us used to IEO event, not surprising if the price keep higher
4. They already their own chain and the development is clearly good, you can look by some token already migrate their chain from Eth to BNB. Including famous one like Raven.

BlackFor3st

hero member

Activity: 1932

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Second reasoning is not good to apply for Binance exchange already as Binance has been hacked recently which resulted to millions of dollars that were stolen.
Though they have recovered from it easily as they have emergency funds to replace the stolen money and I saw that many are still using their exchange.

I am only hoping that they can find a fix to their loopholes so the attacks will not happen again. If they can grow more especially their securities then there is a big chance that Binance is the future of exchanges which is a good coin to hold.

soulripper

full member

Activity: 381

Merit: 101

binance are the most trusted exchange and yet still get hack but peoples or the users of binance still stay with them because they manage to solve the problem and learn from their mistake. now their exchange are still growing strong and look like IEOs project trough their platform has a high rate of success.

Napole0n

sr. member

Activity: 579

Merit: 309

Quote from: LogitechMouse on May 23, 2019, 10:23:55 PM

Binance has proved too much already and they are so far the best crypto exchange so their coin is the best exchange coin to hold at this moment but aside for this coin, there are some exchange coins that is also good to hold at this moment.

The main factor that made Binance great was that their exchange continued to increase, even though the hacked issue occurred but because they had a good team and technology it did not make investors run away, especially the many IEO projects that made the BNB skyrocket.

kynaz

sr. member

Activity: 1078

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Quote from: steveabrahams on May 23, 2019, 10:48:34 PM

Quote from: LogitechMouse on May 23, 2019, 10:23:55 PM

Binance has proved too much already and they are so far the best crypto exchange so their coin is the best exchange coin to hold at this moment but aside for this coin, there are some exchange coins that is also good to hold at this moment.

Yeah and binance price is stable at $31+ per BNB right now, BNB is a good choice to hold because Binance exchange is super big and popular, many people using this exchange. Binance also hosted so many good IEO, binance CEO also really active on social media sharing about the update of binance.

Binance has a very strategic leader and always solves big problems. I think CZ has won the trust of many large investors and that has made BNB very high growth in the last 2 months. If you are a long-term investor then holding BNB will help you a lot because IEO projects are a great opportunity for you to make a high profit and if you are chosen then you will always love like exchange Binance

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