Bitcoin Forum

So I picked up some BNB cheap, been daytrading it a bit and made some money.

The signs for this coin are looking pretty good IMO, since the OKCoin founder is affiliated with Binance as well. And it is in Binance's interest to probably pump this coin a lot. Seen this video as well https://www.youtube.com/watch?v=32Z935Cziio&feature=youtu.be

Nevertheless, I think I should keep focus on this one and look for information that show signs why this coin is NOT a good one to hold longterm.

So I'm still holding my BNB. Until now I read mostly positive things on BNB, but I don't like to be 'blind' for the negative aspects of BNB. So what are the facts or reasons that this coin is probably not such a good one to hold longterm?

If you invest in Binance, look for Bytom too...

Yesterday Binance have    $82,418,265 volume. To 24.08. is free fee, then you could reduce 50% off with BNB. So mybe will be afther this date even better....people will buy BNB to reduce fee...   

OKCoin and BNB Binance. Completely new to me but I am scouting for new alts to get into so will look these up. But if you're not even looking at BNB long term why would you want to spend any time on it? Just move on.

Also: what exactly is this fee you mention? Why would you get into BNB for a "free fee"?

So at the moment to transfer from Binance exchange to your wallet or visa versa from your wallet to Binance exchange is no fee.

After 24th August you will be charged a fee to transfer.

If you own Binance coin the fees will be half the cost compared to if you dont.

Can i ask you is there a benefit by holding bnb token? Because i don't know about that and it seems just a new token for me. I mean some project related to build the future exchange site was offering the dividend shares into the investors.

I searched about binance so its just another exchange. But it gives users chance to use service with lower fees. If you are gonna use their exchange so it must be good to hold their coins, if you don't then it doesn't worth it.

It's a rapidly growing exchange btw. Now 16th on CMC.

It was 10th a few days ago on CMC.

Ok, so fastest dropping exchange on CMC. lol

Binance has only .05% trading fees if you use BNB for the trade commissions.
Been trading alot and the cost has only been around .50cents and completed more than 2k of transactions.
You can use the below linkk to join
https://www.binance.com/?ref=10989383 (https://www.binance.com/?ref=10989383)

It's nice to have just to pay for transaction fees :D

The only real reason I can think of is that there's a big drive in the community towards decentralised exchanges, when exchanges such as kyber are completed and launched we could see a movement away from the big centralised exchanges. Otherwise binance seems to be going from strength to strength and will only take more business away from bittrex and poloniex as they struggle.

I want to believe in BNB I've invested in as much as I can. And wait a little patience. I expect BNB den nice gains. The first target is 20 dollars. I expect you to come soon.

Why not? Binance becomes one of the most popular stock exchanges eclipsing against its background poloniex and others. It's harder and harder to add a new coin to binance. Therefore, as the exchange is being popularized, the price of the token will also grow.