Bitcoin Forum

No 1 cryptocurrency exchange Binance debuts mainnet, is there a chance this coin can herald the next bull run? FYI it's probably the only coin trading close to 2017/2018 all time high...

However, I fear what the DEX will be like, it's quite promising given that it's centralized exchange has outperformed its peers.

If I read this news correctly, the native BNB coin is migrating from the Ethereum network to their own network. This begs the question who will run (secure) the BNB mainnet? How will they do that. BNB may be stable, but the reason for that is that it is like a share in a company, not cryptocurrency in the real sense of the word. I look forward to the DEX anyhow, hopefully it will have high liquidity like their CEX.

We can speculate on what the DEX will be looking like but its still our opinion that will give us doubt and worry. The best that we can do right now is to take upon to the DEX after the launch and just wait on how it should go.

The price of BNB nearly hitting the ATH is very interesting and its first of its kind in the market so far while going through the bear market. Very first altcoin to start hitting the highest that it has achieved while the market stumbles and getting its recovery.

I stand corrected but for now, I don't see how Decentralised exchange is going to beat Centralised on speed and performance, I believe Binance Dex is going to outperform many Centralise exchanges in terms of true volume and make many existing DEX obsolete

Binance now have good ecosystem to bnb with mainnet, if this dex have thousand or more token it will be next ethereum, price now is increasing more than 15 percent, so sad not buying yesterday..

thats right. and there are the first both projects MITH and RedPulse which will join to the BNB chain. more will follow...

Holding BNB can help you get a good profit because BNB is used a lot of transactions or IEO and in recent months the increase in BNB's price has made many people very rich. I think this is the time when people should sell BNB because I think the big correction is about to appear and we should not buy at this price because the risk will be very high.

in THEORY BNB will continue rise slowly as it has been
theres no inflation, and they BURN it
BNB can be considered easy investment imo, unless they get hacked or do something to lose credibility haha
then it could drop fast so buyer beware!

Binance is an advanced exchange and I am sure that they will make their baby even better. BNB good token it is a good option for long-term investment. I expect the token price to rise to $ 50 by the beginning of 2020.

If we are expecting a bull-run, then you should look at bitcoin market because altcoin pairing is based on them. Although the price of bitcoin is recovering, it is still far cry from the bull run that we all have been expecting.


I believed that centralised exchanges will be big this year will all the hype surrounding IEO. It's already happening though, as most of the projects are selling their all their tokens literally in seconds.

Right. Good luck to current buyers. If the whales (or whale) get out of the game. The whale could be Binance as it is their own coin. It could be like when Justin Sun sold his TRX at 0.25 USD  at the start of TRON.

I think you were right, its so hype right now...

Presently this coin has its Alast ATH. I see this coin touching up to 50$. This boils down to the fact that the team has worked enough on the exchange.  Its the exchange utility that drive its price high. I wish other platform wil also emulate this and work on their platform

OMG my 200 USD investment skyrocketed to 500 USD now. It is really amazing to hodl such coin. I thought to by the Fetch that time and bought some BNB with the Bitcoins I have, now I feel that if I have holded the bitcoin also it may not give that much returns but bnb made it for me.
It is really worth to invest on this BNB coin to for the trading and long term profiting purposes.

extraordinary BNB doesn't care even though the market is bleeding but the BNB is making a new ATH.
I am sure this coin will continue to rise with very impressive binance projects.

BNB is a very promising investment but to be honest, the price is really very hyped and overrated right now. I won't bet but it's obvious that a huge dump will follow after the pump. We have to buy BNB when noone is caring for it not right now, when everyone is speaking about Binance.
Hopefully, there will be a time to buy it cheap again.  :)

The fee reduction is a huge part for bigger traders, it really helps in the long term. The real value comes from the burns however, but as soon as regulators step in (because anything with burns is a security pretty much) you will see a huge crash in the price because of fear.

what forced you to name it "No 1 cryptocurrency exchange'' ?
it is fake af and not even top-5, please do your own research and do not fall for shills
https://christianott.co/orderbookdepth_en/

Yes i have no ideas how they will solve that. They walk on thin ice. I am surprised there is no FUD about this.

BNB coin is a utility coin and I don’t think that buying it now is a risky one, because it’s a coin being used to trade and especially the introduction of IEO Platform, as you may know that every investors participating in IEO requires BNB to be able to have a shares in such token, which means buying of BNB is an ongoing thing, which will make it difficult to drop low in price again.

Most altcoins including BNB are not in their All times high, majority of them are low already and waiting for BTC BULL run to pick up and increase. So I think this is still a good time to invest in Binance coin.

BNB currently is at an ATH in BTC, $ and marketcap!
Also BNB is number 7 in marketcap with approx. 2% of crypto marketcap. If it increases much more it could very well trigger a crypto bull run by itself!

it is really unbelievable that binance can stay that much strong for more than 1 year. i remember just not so long ago poloniex was ruling all the trade market. Binance really came strong and eliminate many exchange platforms. And now its own token is the strongest cryptocurrency even during this bloody bear market.

Do you think that it can become a problem for Binance if their token gets deemed a Security? I am not really into this security token topic but what implications could this have? Wouldn't this not only effect Binance users from the US?

They would need so many licenses because for US what they are doing right now is illegal. He has been dodging regulators by keeping the exchange in different islands and regulatory spaces. But should he get targeted by US goverment he can possibly picked up at any airport or event (as we have seen US spread its influence). The main reason he could come to spotlight is the volume Binance is pushing, its a huge player.

I think this is all just a hype to further increase the user of BNB. Their exchange is well built but and has many traders doing daily trades. Every trader in their platform will be caught in this hype then the coin will be dump within a year or a few months from now.

At the moment it's fine because their current jurisdiction has no issue with BNB and probably actually have a big stake in it (you tell me, when Binance came, did you think Malta state coffers did not get cash plus BNB?). So they'll do this as long as they can for as long as Malta allows it, and for as long as Malta can keep away the other regulators from poking about.

The FUD will come ONE day when Binance gets big enough.

we never knew what will happen after, but being a good trader you also needed to anticipate possible outcome of any investment that you made, find things that will bring good to your assets, if you are unsure don't hesitate to research and study things that's bothering you, two things, it will explode and bring the value to the highest peak, or it will just  a hyped that will fall afterwards.

It dont matter where company is located. It matters where you have customers or better where you work.  I can live in Guatemala but if I offer something to Malta citizen then i need to oblige their laws.  Rare will be allowed to buy binance coins.

I'm not really sure if it can make existing DEX obsolete, although obviously, it will offer competition.


I would say that CZ really did a good job in Binance. They have set the bar high specially when BNB was release and it hold up and now the token could be one of the strongest specially if the bull cycle picks up in the next couple of months.

Obviously, I wonder what projects will do token migration rather than what the BNB will do. From what I've heard, MITH has already stepped into the Binance network. I think that the power of the token beneath these platforms affects the real power of the network. For example, EOS is very popular, but the token is too weak.

not only MITH will join the new BNB chain. the project RedPulse will also join this chain and another tokens will follow.
i think all projects those start an IOE at the Binance exchange will change to this blockchain too

CZ is really smart guy. He knows the market dynamics very well and acts accordingly to this. As the binance grew, Bnb grew. And now Bnb can no longer fit into its container. It would be great for the BNB to get into its own chain. It may be a bit of a theory, but it can be an opponent even to ETH. :D

But what is the most important thing - we are not in bull market but price of BNB is skyrocketing after ATH crush some time ago, really interesting crypto.

I wonder how their dex will perform.

So far we always hear that dex's not ready to draw big volume of trades. But binance has huge resources. That dex can change BNB value a lot.

I don't know what could be happen in this situation while bnb price is on its peak it raise to much from the bottom and in certain cases when after this launches the coin drops. I know there will be a time that BNB will suffer with a big correction that's why i am not buying that coin after hittting the new ath price. This might be good on the mainnet launch but after a few days or weeks i expect it to have a slow corresponding correction in price.

I cant believe binance coin is back to all time highs its crazy people who invested in that got so lucky what a pick that was
to bad it was not me

People should expect this, if Binance Dex fail to attract users then the price of BNB will tank, the fundamentals that people are betting on is almost all valued into the price and expect the price to dip if BNB tokens is the Ethereum of 2017, I know people will disagree with me but thisis possible Binance at $12 is still possible

BNB is a utility coin that can help binance traders save a lot of money from fees. No doubt that it has a huge potential since Binance is the most trusted platform in crypto in terms of service and volume.

BNB is at the highest price in its adult life, but this may also be the lowest price it can achieve this year, and you will miss this opportunity to wait for the opportunity to fall? The demand for BNB ownership is increasing, and this helps its price increase the same day. Just one more IEO organized by Binance will make BNB prices soar quickly. Don't wait because BNB is an Altcoin with too much growth potential.

Better wait that it fall. Why buy at the top price if you know that it can fall more? It is better to be patient before doing a move. And i don't really see why people are going to go to Binance if they are already on other exchanges. And there is already some DEX exchanges, but their volume of trading is very low. How can they be certain that their DEX exchange won't be different?

How ? With all the projects you see them doing, I think the value really deserves a merit and I would not really be surprised if the price gets to $100, and of course, it will still dumped, but dumping in the sense that investors will definitely cash out their profit when they see a very high value, but I bet you that they will never dump the project to leave it useless.

Binance is to useful  for people to dump it finally, when people sell off, which we term as dump, it’s because of profit and they will still buy back when the value becomes low and wait again for an increase, this is how the circle goes till it reaches a stage where the coin becomes stable too.

Most people here are talking about bnb to hit 100 soon but personally i think it can only be a longterm target i agree that binance as a company is doing great but riding too many boats at a time can be risky as well so the team should be more vigilant and ready.