Bitcoin Forum

BNB made huge success with its exchange binance fee program
You couldnt catch it but dont worry Huobi today launched new fee program and its great.
So even if you are not trading at Huobi a lot buy pressure will be on HT because of fees.
If you already have trading backgorund you can see Huobi as Binance with new reduced fees by tokens, Huobi now is great alternative to Binance for trading and arbitraging options.
Because fee announcement is fresh you can catch it early
You can see details here: https://huobiglobal.zendesk.com/hc/en-us/articles/360000312282
You can see HT price here : https://www.hbg.com/en-us/exchange/ht_usdt/

by the time fee program announced price was 4.35 $

What makes you think HT will be like BNB? What are the advantages of HT compared to current Altcoins?

1-it is huobi , once biggest coin exchange in the world
2-has seen millions of btc trading  in a day while have no fee
3- reducing fee will cause a lot of traders to come this exchange multiplying its volume also volume of HT
4-it s relatively low price, no baloon price, no ico pump to token
5-whales have another fee table they need 40k-50k HT to reduce fee that will be huge pressure to buy
6-it is fresh, yesterday it will be double price next week 4x maybe hurry up

4.49 $ now ;) rising fast

that's right, don't miss us like leaving the BNB. indeed there are many exchanges available and new ones, but this exchange is growing very rapidly and leaving its competitors like bittrex, poloniex and others. this is a good idea and some of the reasons you say make HT worthy of being on the portfolio list  ;) ;D

Have i understood correctly that right now the only use case for HT is reducing the fees?
Has there been any other plans for this? Dividends, perhaps buybacks or anything like that.
Like in BNB the ultimate goal was building the dex on it. It was never just for reducing CEX fees.

just like BNB they have plans for burning and buybacks and also it is ongoing.

IEO creates buying pressure but then a selling pressure on BNB so it is not a big plus, people buy then sell , just like in ETH selling then kills price if we consider this HT is on pre IEO phase so it is a plus for price

Binance BNB is too far ahead in my opinion, its own chain is working well, also its the biggest exchanger right now, i think all the benefit provided by Houbi is already on BNB too, as a trader, i think trading on binance is enough, its safer because of Binance dex, and also low fee because of holding BNB. Anyway, i will throw some money into HT, thanks for sharing this info :)

The issue I have with HT is that the exchange doesn't rely know how to add value to the token, they have done well copying the Binance idea  but there need to be a clear path of where the exchange is going, which is different from the competitors,and again Huobi has been doing some funny thing recently, there are coins on Huobi that only pumped and you checked the price on other exchanges the price didn't move

I really missed the BNB token opportunity but not much interested in huobi token and the fact is both of them won't be the last best tokens one can invest in,opportunities in crypto space are unlimited

It's better to just miss an opportunity then do what i did. I bought the near bottom from the start and hodled it like only 3x.

HT is a very good coin if you choose to invest in this time because recently many people want this coin to become BNB because apart from BNB then HT the most stable trading volume throughout past 1 year and there has been a great deal of fluctuation. I believe that with the recent market price hike, HT will soon reach $30 if exchange Huobi has many policies that prioritize users to hold HT.

Regardless of what BNB ultimate goal was,,, that is the only use case for BNB right now and nobody who does not use BNB knows about DEX plans. Besides, it will sound like a really weird dex if it is decentralized and yet you have to use a native token to get cheap fees. What is the whole point of BNB and DEX then?

  that's a good question to ask,  the max supply of ht is 500m bnb is far less behind that,  when ht team starts to release some coin the price might not move higher

They are both utter shitcoins, with no use cases outside their respective ecosystems. Both should be less than $1 according to me.

I think he got the op wrong there, I am not sure that the op said Huobi will be lie Binance, I guess he is only saying that they have potential just like Binance does too, and since their price is still low, it is still very cheap for those who fell they have missed Binance on that price and feeling they are quite too expensive.

Huobi too has the future to grow up to the value that the Binance coin is presently, so if anyone feels he has missed buying Binance at cheaper rate, this is absolutely an opportunity for them to buy now and wait for the price value to increase in future, but if I were investors, I would just invest in both coins, it is better to hold these two solid coins than to gamble with all those useless ones in the market.

Blockchain transparency institute is saying that Huobi is over 60% washtrading. Until the Binance results come i would not compare them. Then again that doesn't matter regarding to token buybacks. But in fundamental trust levels i would trust Binance more. Even without current data.

Bnb token and binance exchange is way better than huobi token and exchange,every exchanges are already releasing their own tokens as well but be careful not all of them are good,i invested in vindax exchange token and as well as BQTX exchange tokens,they are new exchanges but no fake volume or washtrades so far

IMO, Huobi almost does not stand out among many other exchanges, such as Kucoin, Hotbit, Hitbtc. What is attractive, on this exchange there are futures for several large coins. This can provide an influx of big money. That's why I would put on a Huobi token.
However, I would support exchanges such as IDEX.

i can say that  HT will have a future , huobi is a huge exchange too.
and now a days i am more after altcoins which have a utility usage, because the demand for that utility coin will drive its value.

With the rate Huobi gave me, I think it is only for money traders.
This rate is not too attractive for traders like me. In new and reputable exchanges like Beaxy, Bitsdaq reduces 50% transaction fees when holding a small number of their tokens.

HT can be good when developers can use it to have a greater use value than other coins in their exchanges. as with binance, BNB is also very strong, so developers have a strategy for using BNB in ​​every event they make. HT must be like that.

Curious what can let you think as you do? Binance is the coolest reliable platform, and BNB is its token. Huobi is a trusted altcoin, which is going up since the moment it appeared (in winter 2018). Both are good for investments and usage. Huobi, by the way, offers very good bonuses and various promotions for its customers, and this stuff works like hell!

how can you compare it we know HT and BNB have their respective differences and advantages.
I don't know about HT, but BNB can get demand aside from daily trading, their exchange is binance if they hold Iso they use their tokens as a means of payment that triggers an increase in demand and the price can stabilize and even go up.
whereas HT I know huobi also holds ieo but not as vibrant as binance, so these 2 coins are very different.

BNB has missed but I do not know about the HT. I which exchanges it is now trading or it is on the way of ICO or the IEO. If the price is bellow $0.1 then it will be a attractive buy for me and I must invest a minimum of $100. As, I am seeing than on the Coinmarketcap the price is around $3.50. So, I don't buy this more. But, If you suggest me the minimum quantity then I could buy this.

first of all you should be aware that it is not important which price per piece is charged but
what the product is worth. bitcoin is also very expensive but you still make the biggest profit with it.
you know what i mean? saying a token is good to buy because it only costs 0.1 usd is unfortunately the wrong approach. :)

After BNB, I think the KCS coin has a high potential among all the exchange-based coins. I would take HT coin as my third choice.  Though Huobi exchange and its HT coin have higher volume than KCS. But Kucoin is a proven exchange and their KCS coin price was pretty high in the bull run of 2017 and its recent price also making investors happy.