Bitcoin Forum

Well!! Binance has launched margin trading to its users and after that, the binance price (https://coinpedia.org/information/bnb-binance-coin-price-prediction/) has increase other than all altcoins.

Will binance price continues to increase?

for now maybe there will be no change. but in the next few weeks, I'm sure BNB prices will rise. the more innovations that Binance does will make the exchange increasingly preferred, the impact will be good for their coins.

so far the BNB is still on a good track, and is still feasible to buy or hold.

You are kidding? Since mid-June, the BNB has been in a downtrend (vs BTC). Today's price increase is no different from the others during this time. Finding the reasons for this in the fundamental data (as news) is too contrived. Even if it turns out to be true.

Binance is a good exchange and people using it will also use BNB that's why binance price not only increasing because of margin trading. Binance has a lot of innovation that help binance increased.

Anyone willing to margin trade on binance needs to keep an amount of BNB on stake. So, if there are people willing to participate in margin trading in Binance, which most of the margin traders would will increase the buy pressure on BNB making it's price rise. Binance is doing a lot of things to keep the price of it's coin high.

It will continue to increase because this month Binance will launch new IEO and an IDO on their DEX

Also include the 8th burn event of Binance coin that bring big impact to increased the volume and pump up of bnb.
This is a good thing I really like binance exchange site compared to other trading site it has a good platform and design with  easy to understand now the launch of binance margin is almost completed.

Yeah and similarly kucoin has also introduced margin trading but average investor and trader do not really use margin because of the risk of loosing all the capital. To answer your second part, i think bnb price will increase over time due to its tokenomics where demand will increase and supply will reduce.

I think binance coin can increase higher in the future, no matter if binance launch the margin trading or not. But with the BNB as the fee trading, it could give impact to BNB price since many people want to reduce their fee in bitcoin and they can pay the fee using BNB coins. That will help traders to use BNB and I think they will buy BNB at any price and right now, BNB price is not too high depends on the other strong coins.

i have read this news on coinpedia

yes. binance continues to launch attractive programs and products, so prices continue to rise. they don't want to be silent or rigid to be one of the crypto trading platforms just like other exchanges, but always introduce the latest ideas and innovations so that binance becomes the topmost exchange and may be able to control or monopolize the market.

Binance has a strong product where the coin could be used. So I belive that Binance Coin has promising future, look how many cool things they developed this year!

There are two reasons why the binance price is growing now and that is the margin trading and burning of some tokens. This is what some coins and projects owner ought to be doing in other to get the price of their coins on its feet again. Many coins will not recover with the rate the team members keep dumping them in exchange.

It is normal, people see that BNB has a new use case - paying fees on margin trading. But now I am thiking what will be next product from Binance? Binance stocks?  ;D

I think BNB will continue to increase over the years for sure, I don't know if it will go up or down in the next upcoming week for example, those type of short predictions are never my expertise and I have never been successful with it. However if you ask me long term (as in years) then I am pretty sure BNB will continue to skyrocket as long as Binance continues their operation.

They are looking into dex stuff and have been promoting their IEO coins and now margin trading and they sometimes burn BNB too, all of that combined means they will keep on improving themselves over the years and will make Binance bigger and bigger each day and that would make BNB go higher in price. Thats why I turned all my affiliate income into BNB and keep it there for the past year.

BNB coin has many use cases, that why its price increasing periodically. BNB holder discount is one of them. Also, many projects are converting to bep2 chain, so BNB has got huge demand. And of course, margin trading has a positive effect on the price increment.

BTC is collapsing and this is a good time for us to buy BNB and hold until the end of 2019. I believe that by the end of 2019 BNB will increase to $ 50 and it will continue to increase. I made the mistake of not buying BNB at $ 6 in February. At that time I chose to buy ETH

I see BNB prices have fallen after the launch of the Margin feature. Obviously this feature is not the main factor to increase the value of BNB. Because this feature has long existed on other exchanges such as BITMAX, BITMEX, OKEX. The value of BNB will be mainly affected by the up and down of BTC. Currently, BTC prices are in a downtrend, so the BNB is also in this downtrend.

I think this is Binance's development strategy. Whether margin trading is launched or not, Binance's price will continue to rise in the future. Binance is a reputable exchange. Every time it develops or cooperates, it lays out an Ecosphere around its own exchanges.

Binance coin (BNB) is one of the altcoins that experiences super-rapid development starting from its launch. This is because trusts against Binance Exchange are also very influential. In addition, the BNB also has a high system and value, especially those interested. I am sure, with the increasing presence of positive news such as trading margins, it will be able to influence the price of BNB soaring.

I expected that to happen, people will definitely make use of Binance margin trade more because of the trust they have for them. Binance has very great strategies; they are planting seeds already that will continue to germinate provided they continue to water it. There are lots of projects that they  are strategically laying down now, and these projects will continue to contribute their own quota to the continues increase of their value because lots of the projects are all real working products, they are what people makes use of virtually on a daily basis.

Don’t be surprise that they will still come up with another project again that we are yet familiar with, and I believe that these ones that they have already set down will continue to see their BNB through and continue to increase it.

If they would continue to pump in new features, then yes. But I am afraid we would come to the point when Binance would not have any new ideas and all altcoins that migrated to BNB chain will drop as well as the main asset.

Did you see what already happened to the price of binance coin? it was getting only a slight increase and it was back dropping again to the bottom and it looks like the margin trading doesn't help a lot for binance.
Binance still focuses to run its launch pad with the hope it can drive the demand for binance coin again.
To create another innoative idea need a lot of time and this is the problem when the market needs a regular update.

New ideas are just to establish new businesses that will setup a standard to continue making the value high in future. Once you have a standard products already established, you dint need much new ideas again until maybe later in future. Binance has already laid down lots of strategies that will enable continuity of their Binance coin, and will sustain it not to make investors dump it very soon.

Look at some projects in the top 10 in coinmarketcap, how many products do they really have and they are being sustained, talk less of Binance that has produce several products that are very useful to the society on a daily basis, they have trading exchange, IEO platform, margin trade, and few other products that will continue to invite and attract new investors and users.