Why is Binance Coin a good choice to HOLD? - page 13.

SaRmY

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Quote from: FuryBeast on May 23, 2019, 04:08:26 AM

BNB is a great coin for holding, as it represent one if not the most powerful exchanges. But buying at these prices...I dunno, maybe it's too high to buy. It's already outperformed all altcoins, so finally is should catch a pullback.

I think this pump will not stop. I’m sure that the bnb team has a specific goal, maybe it's $ 100 for one coin. All the same, we are observing the growth of this coin. Because it is a big pump.

FuryBeast

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BNB is a great coin for holding, as it represent one if not the most powerful exchanges. But buying at these prices...I dunno, maybe it's too high to buy. It's already outperformed all altcoins, so finally is should catch a pullback.

entebah

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The main reason that coin BNB is worth holding is because BNB coin is a coin from Binance market, so it is good to hold it, because we know that the Binance market is a big market today. So the BNB coin increase is very likely.

Alpha0One1

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I bought Binance coins for the utility, which is discounted fees when paying with BNB.
Exchange tokens that are being used for IEO's, utility within the exchange, etc to date have the best working use case in the crypto space.

mmo4me.2016

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Coin exchange has certain weaknesses when Exchange has problems. Actually, it has not yet become Open soure! Consider and invest moderately!

qomariah95

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Because the growth of BNB in the future I think is even better compared to other altcoins. That's why many people are holding Bnb now. Maybe that is one of the reasons that might be done why you have to hold the bnb. For some reason, many people held the Bnb for their own reasons.

hen cet

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Quote from: hahahafr on May 06, 2019, 07:49:13 PM

Binance coin is good to hold as an asset because it has attained unto itself a high value unlike other utility tokens which are not being used and their prices are dumping on exchanges. BNB coin is used on the Binance exchange and that gives its value from time to time. I am currently holding some for the long term benefits lol.

The development of BNB is quite good because it is managed by a professional team, where the trading volume is large. Besides that the price development is always green where investors like it very much.
In the last one week the price increase was significant, on May 14 2019 the BNB price was US $ 25, while currently May 23, 2019 has been US $ 31. So, BNB owners are patient for HODL longer because my predictions to the end of the year can reach US $ 50.

iamzill

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Quote from: steveabrahams on April 23, 2019, 12:31:34 AM

First because of binance is the biggest cryptocurrency exchange and Binance coin is useful for the exchange. Also have a good upgrade and update recently like Binance DEX, IEO and many good things. I can say BNB is good for long term investment, i believe the price can reach $50 later.

I also see the same thing if BNB prices can exceed current expectations. BNB prices will continue to be in a good position and maybe now will continue to be at a significant point of improvement in the future.

Buntel168

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It's simple for me, everyone know Binance as a best exchange platform, the new one their have own blockchain called "Binance Chain" and Binance is a good chooice if you wany to invest in IEO project on Binance Launchpad. in my opinion that's what makes the BNB Coin more valuable.

Farma

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Quote from: Mpamaegbu on May 15, 2019, 04:50:48 AM

What gives a product its value is "Demand" As long as BNB will continue to be in demand as the most sought after coin for purchase on the Binance Exchange, the price will continue to rise. This isn't only with BNB per say. It extends to all exchange coin like Huobi token, Tidex coin, etc. BNB issue is popular because of the carriage of its exchange at this time. Other exchange tokens have also continued to rise.

as long as binance is still the best exchanger, I think BNB will continue to have good prices. however, until now binance was a highly popularized exchange, although there were a number of problems. binance coin will still be a good coin as long as binance still maintains its reputation.

pics4crypto

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Because he is very promising. And over time, it grows. The longer you hold it, the more you earn. He can be trusted and he is very long in the market. And it has a large number of users, this is important.

Mpamaegbu

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What gives a product its value is "Demand" As long as BNB will continue to be in demand as the most sought after coin for purchase on the Binance Exchange, the price will continue to rise. This isn't only with BNB per say. It extends to all exchange coin like Huobi token, Tidex coin, etc. BNB issue is popular because of the carriage of its exchange at this time. Other exchange tokens have also continued to rise.

tspmhack6

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We all know that the Binance floor has been hacked. The price of BNB has decreased but quickly recovered and was almost unaffected. That proves it powerful.

Coming up with the strategy of Margin trading, it will probably increase even more

tspmhack6

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Quote from: filipe3x on April 23, 2019, 08:22:32 AM

however, there is Binance exchange at the center of the Binance ecosystem. Which can be hacked in one moment. And then the value of the coin rushes down. This blockchain - Binance chain is not truly decentralized.

You know that. The binance exchange has been hacked. The price of BNB has decreased but quickly recovered and was almost unaffected. That proves its success with millions of users who rely on it.

tspmhack6

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Quote from: Herbert2020 on April 23, 2019, 03:07:58 AM

i disagree because generally speaking the centralized coins have never been good in the long run. there is always a huge risk involved in them because they inherit a centralized point of failure, in this case a guaranteed one.
history has proven that every single exchange will get hacked and most of them have a high possibility of turning into a scam. Binance may not scam any time soon but a hack is right around the corner. with that happening you can be 100% sure that their token will get dumped hard.
apart from that BNB is currently over pumped and is a huge bubble that needs bursting which means holding it now, you would be holding onto a bubble.

You know from the moment of birth the price of BNB has continuously increased and is one of the strongest growing tokens.
Besides, it is an Exchange token, so the liquidity is good.
Many people hold more than any Coin, so it is difficult to get a price (excluding the exchange itself - but it is difficult for them to lower their prices)
But sometimes it can be hacked as you say. I believe after fixing the problem its price will rise again. And I believe it will reach $ 35 this year

bitc0000

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In my own opinion, a good coin is one that has a good use case, active product and being backed by an extraordinary team. Since BNB meets these criterias, I think it is worth investing and holding for long term. If only many projects will follow their footsteps by offering that which they promised, the crypto space would have grown more than this.

pinoy.bolanon

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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

good point, but for me the only reason that i had in mind is that binance has millions of users, this means that millions of users for binance coin which is great for me, because this trigger the price of the coin.

leetcoiner

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Quote from: filipe3x on May 07, 2019, 06:54:13 AM

Today there will be another AMA with CZ- the founder of Binance. Maybe need to buy tokens. Rather, he will say something about the new IEO and may be about margin trading.

I already bought Binans after this news. I think that the price may rise to at least $ 25 by the next week. Wink

filipe3x

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Today there will be another AMA with CZ- the founder of Binance. Maybe need to buy tokens. Rather, he will say something about the new IEO and may be about margin trading.

Litzki1990

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Binance coin is the good one and many investors are supporting on this because it has good development of their project and back up by binance exchange and also have high volume from binance exchange i guess it is good choice to hold.

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