Bitcoin Forum

Hi guys

I am hearing dozen of news about this crypto. Did some research, looks like it has a huge potential, especially with China market. What do you guys think about it ?

http://www.newsbtc.com/2017/08/20/binance-announces-platform-upgrade-introduce-new-features/ (http://www.newsbtc.com/2017/08/20/binance-announces-platform-upgrade-introduce-new-features/)
https://www.binance.com/trade.html?symbol=BNB_BTC (https://www.binance.com/trade.html?symbol=BNB_BTC)

Ive been using binance for trading. The platform is awesome and you can use your bnb coins to get reduced fees.

I mean what do you think about the underlying crypto ? Do you think it has huge potential due to Chinese market ?

Binance Will Face Tough Competition in South Korea in New Market Expansion

Binance, the world’s largest cryptocurrency exchange, is planning an expansion into South Korea, the third biggest cryptocurrency market behind Japan and the US.

South Korea’s Unique Market Structure
In South Korea, two major digital asset trading platforms have had dominance over the crypto exchange market for several years. UPbit, an exchange created and developed by Dunamoo, a subsidiary of the country’s largest internet conglomerate Kakao, and Bithumb have had nearly 90 percent market share since 2017.

However, recent controversy surrounding Bithumb and the questionable decision of the exchange to continue to suspend deposits and withdrawals to this date, more than a month since its $40 million security breach in mid-June, led local investors to reconsider the dominance of Bithumb and migrate to alternative cryptocurrency exchanges.
https://www.ccn.com/binance-will-face-tough-competition-in-south-korea-in-new-market-expansion/

This is a good token. It is very useful if you use the Binance exchange. In addition, it showed a large growth and there is every reason to argue that this token will cost more. That's why you should buy it.

This is my favorite coin! It has great potential for growth. Over the year, it has increased in price tenfold and this is not the limit

I think it's again a good time to buy BNB. It was overvalued a few months ago. Now it's already down to a purchasable price. With large binance profit and regular burns and the promise of a decentralized exchange using the token as gas, we could still have a fortune with this token.

this is also one of my favorite coin in binance. i see a good returning value for long term holding this one

Yes I agree it's always a good idea to have a stash of BNB coins if your a trader.  The savings on fees alone makes it worthwhile.

I was late to enter the binance boom but I too managed to get a good profit from it. Unlike other exchange tokens, binance does not provide dividends so it's price rise generally occurs around the burning period. And you can easily play with the price and have a profit.

Of course in this article there is some truth to say so. But this coin depends on the popularity of the self-exchange, if users leave from it, then the coin will simply be a record in the blockchain. But all the same, the prospect in this coin is so much less with each day by burning. In the future, bnb has every chance to grow to a cost of 50 or more dollars. So we are waiting for the approval of the ETF in September this year.

Binance is good growing crypto currency but many investors are buying the Bitcoin so long term investors are hold the Bitcoin. At the same time many peoples are buying ETH also so Binance is perfectly match for short term investment. This year many altcoins are comes in the market so we don't predict Binance will lead the altcoin.

It doesn't look like so promising from my point of view. Binance has a very confident platform and I don't know we they have done this cryptocurrency.

I think the coin has a lot of potential, it is easier to predict its trend and it is backed by a highly successful firm. One of the few good investment opportunities.

This is something really lacking from most ICOs a solid project and the dedication to make it grow. But Binance is a proven company with great future and expansion plans.

Excellent exchange and excellent coin) the Exchange is growing rapidly and after it will actively develop and coin) I Think you will need to buy it yourself in the investment portfolio )

I have been hearing about this coin for quite some time now,  maybe it's high time I jump on resources and do my own analysis on the coin. I have heard only but good news about it though. Hopefully, it is worth the hype and not just the usually blabbings on the streets about certain coins.

Yes, binance is a good coin with potentials and it also has a very good exchange site that is very secure and reliable, it has very good transaction fee and the transaction speed is also high.

It is the number one exchange at the moment in terms of volume, also they are among the first ones to offer mobile trading apps plus the yoken model also benefits the holder, as you have said it can attract Chinese investors and traders, i agree but we have to wait once china legalizes the crypto we will see binance and overall crypto market to skies.

Binance is good growing crypto currency but many investors are buying the Bitcoin so long term investors are hold the Bitcoin. At the same time many peoples are buying ETH also so Binance is perfectly match for short term investment. This year many altcoins are comes in the market so we don't predict Binance will lead the altcoin.

Binance is one of the potential platform and many investors recently buying this coin. But still many peoples are buying the Bitcoin and Ethereum so we should invest on these two also good supporting platform on future. Binance also one of the long term relationship investment so we can buy know it will going to peak on future.

I dont think BNB is better than NEO for example, but I like it because you can trade minimal amounts (that you cant trade to BTC because of minimum trade amount)  to BNB and then convert to BTC.

to me BNB has high potantial coin. I think the opportunity for investors to be at a low price now. project and consultants are successful according to me. it will be worth more in the coming years.

Oh what purpose of BNB coin? Can you give me some info pls? Has it got its app on appstore or CHplay? Can i trust it? I'm newbie.

I think BNB is a excellent coin and it has excellent potential. These days it is at their low price so i think it is a real good opportunity to invest in that so that you can earn lot more near future. It is a very profitable coin for investors.

the market has lost a lot since the end of 2017, we are waiting for a good mouth at the end of 2018, I hope this will be the pattern

Well, they have been talking about it for a long time, so the exchange is owned by the coin, and it is very cool, and top-end, and in General in the future of course this token will grow very much,like many others,so that it is impossible to say that this or that 100% will give more growth

BNB doen't look good for long-term. They are planning to cut fee discount for BNB every year until it reaches zero. What utility will this token have in future is a big question. It may rise and fall and nobody except Binance themself knows about it. Too risky if you ask me.

The commission for trading in Binance is 0.1%. However, discounts are provided for holders of BNB tokens. so this is a good exchange for me.

I have a strong gut feeling that in the future BNB will easily be worth at least 3 figures. With the rate at which Binance has been growing and improving, the move to Malta, the coin burns every quarter, and the decentralized exchange with a strong BNB use coming, there is nothing but positives in the future.

This explains why I would not put my money into exchange coins. The competition is getting fiercer, decentralised exchanges with really low fees, etc. etc. make Binances life so much harder, thus their coin's aswell. I would not do that.

It still seems undervalued relative to other coins.

A good comparison is EOS. It's also an ERC20 token that hasn't launched their network yet. The market cap is supported solely by speculators.

BNB market cap is supported by the fact that Binance is pumping $400k+ of their profit into buying & burning BNB every day on average.

Even if altcoins are bearish and speculators are dumping them, as long as Binance is still making profit from trading volume, BNB will have some buy support.

This is why BNB has been a better store-of-value since January than even BTC or XMR. The POW coins have constant sell pressure from miners dumping. BNB has constant buy pressure from the buyback program.

Binance is one of my favorite coin and I think this coin with good potentials and it also has a very good exchange site that is very secure and reliable.
It has very good transaction fee and the transaction speed is also high and many investors recently buying this coin.
Binance also one of the long-term relationship investment so we can buy know it will going to peak on future.

A few I can think of:

You save 50% on your trading fees

You don't collect dust when holding BNB

BNB price will most likely keep going up as more users join Binance and volume increases.

You can use BNB if you wan't to participate in ICO's on Binance

Quarterly BNB burn which reduces the total BNB suply.

One BNB will cover around $4,400 in trading at the current price of $22 per BNB.

When I signed up for Binance, I bought 10 BNB to get the fee reduction. One day I was seeing BNB rising and was thinking "Why though?" Heard of the token burn. Grabbed a few at ~$4 planning to just ride the waves and sell at the top. Used the time to read the whitepaper and thought I might as well hold. Well, now that it went 5X I'll certainly keep holding :D It only makes sense to buy and hold to me lol

Btw Binance really needs to rework their fee system. Either allow fractional trades to make paying in other cryptos not an issue, or stop forcing people to buy/sell at least $20 worth of BNB.

binance is good growing crypto currency market  and  many investors are buying the Bitcoin and other alt coin.. bnb its a good coin. many people trade in this coin. i can trust this this bnb coin 😇

I think BNB is a great coin and it has great potential. These days it's at their low price, so I believe it's a real good opportunity to invest in it so you can earn much more in the near future. This is a very profitable coin for investors.

This token is still with big potential. Look how big standards are made from CEO of Binance in terms of crypto ecosystem, he is just crushing competitors. Expect more positive price action in future :)

Even if it's a potential co-owner, you should consider buying it. If you are a regular user of the Binance trading platform and want to reduce a lot of fees - especially if you plan to make transactions or withdraw huge amounts of money - this currency is worth buying even with Highly recommended. But remember that Binance Coin coding rates are discounted. Therefore, it will decrease over time and this currency will become almost useless before it is acquired.

I think it is a potential coin to invest in 2018. Binance Coin is coin released by Binance, the main purpose is to maintain the operation of Binance trading platform, the second goal is to use copper BNB to develop its own binance platform. You can use BNB to reduce transaction costs on the floor, or use them to buy another coin altcoin. Each year BNB will use the proceeds to acquire coin BNB is issued, which in turn causes the BNB Increasingly rare and increasing day by day. With what Binance has demonstrated the strength of the BNB. Only from a small Token on the market today BNB is in the unique position in the market and is the first Coin The first position is so high

Since its inception in July 2017, the BNB has grown by 50x, putting BNB on the 38th place in the world's most valuable coin market rankings by Coinmarketcap. BNB trading floor has reached the top with a huge trading volume since 17/12/2017, surpassing the big trading floors such as Bittrex, Poloniex, Gdax ... and it only takes 5 months to Make this wonderful thing. The advantage of Binance is its modern design, simple interface, easy to use, very good experience, low transaction fees, full features for professional traders ... In addition, Binance also developed: Binance Lab: Creating the foundation for startup applications using Blockchain technology can begin easier with existing funding, mentoring, resources, and ecosystems; Binance Launchpad: promote the ICO of the digital money. With the above I think it's very potential

Binance Coin (BNB) is a digital currency developed based on the Blockchain platform of Ethereum under the ERC20 standard. BNB was released by Binance, China's largest digital money exchange. BNB was issued during the ICO to call for the development of the Binace floor. Binance floor has a 24 hour trading volume always in the top 10, and is expected to grow very strongly in 2018. With the rapid development, things that Binace's development team are doing are enormously anticipated by BNB, with a breakthrough in 2018. Many experts believe Binance will grow steadily by 2018, We have a great opportunity to invest in BNB. So it's a potential co-2018

The currency security announcement clearly uses 20% of the net profit per quarter for the repurchase of BNB!
The performance of BNB proves that platform coins bring huge benefits to the exchange in terms of financing, attracting traffic, locking customers and increasing viscosity.

I am not sure in its profitability at all, it is too strange for me to see such project like this alternative cryptocurrency which is not so competetive and strong.

I still believe, that BNB is best "exchange coin" when compared to other exchange coins. The discount for rees in Binance is very significant and it is the main reason why I won a small bag of BNB - for Binance trading. It is also a good altcoin for long-term, becasue Binance is still number 1 or 2 in crypto volume.