Bitcoin Forum

hello guys what do you think about altcoins, binance, smartchains? all altcoins that binance have were all mooning like cake ,sfp, etc. Do you guys think is it worth it to invest tokens from binance chains?
I see the movement of cake from cent usd to 12 dollars, I'm planning to invest safepal wallet and HOLD It until my target price reach 12 usdt, i don't have much idea with regards of trading but I am eagerly trying to learn.
Give me some cool suggestions guys:)

Sfp is look likes going to 12usdt soon ithink why cake reach price 12usdt is beacuse of bnb when ilook the charts  bnb.  if the bnb going to up price the the cake chance to create new ath also the sfp sfp is stble on there daily demand and looking for retest break out

Your call! If you do have  that kind of observation binance smartchains then that isnt a bad choice or action though but always take precaution about
the risk which is common.For those who had invested earlier or on cheaper price then they had indeed making profits now but doesnt mean that
it is too late for you to invest.

So its your choice if you do choose up these coins.Its your money so its your decision to make.

yes with low gas fees from Binance, so I think Binance is a tough competitor to Ethereum, because for now all the prices of altcoin Binance smartchain have increased very high and this reminds me of 2017 when the price of ERC20 (altcoin Ethereum smartchain) increased very high too, so this proves that in the future there is a possibility if Binance can beat Ethereum and I think for now all altcoin Binance smartchain are worth it as an investment, because the price will definitely increase very high and make a lot of profit.

I dont think safepal will reach 5$ in the short time, the product of safepal only a software wallet and a hardware wallet.

Based on Playstore statistic, Trust Wallet users is 50x more than SafePal users.

But TWT price is 5x lower than SFP, so from that fact i dont think SFP will go up in the short time.

It's really worth to invest in the binance smartchain coin. Safepal is good but it's not so good as BNB coin consider you can get various benefits when you are holding BNB instead of coin that traded on binance exchange site. I guess you can try to take a look at the project that will be launched on the binance exchange site soon.
Safepal is good but it's overvalued based in my observation consider about the product.
Get some SFP when the correction was happening

I think most coins on the binance chain will have nice pumps along the way and since ETH gas fees are still high l think BNB chain is the next working option

thats their advantage right now. i have only few transactions made via BSC, but i can say, they have pretty low fees, which is actually favourable to crypto traders. at first, i was afraid that i was gonna screw up and sent it to a different network. but if you are careful with your steps, and read what it says, the specific network you are using, it will be all good.
i guess, that's one factor that many people are still hesitant to touch the BSC. afraid that they will make a mistake in sending their funds and end up to wrong network.
but this chain is very promising because of the economical fees that they are offering. a very good alternative to eth.

While it's a benefit that you invest on those altcoinw covered by binance smart chain, do not forget that there are also other altcoins on their platform that arr existed and also performs well.
Anyway, I somehow regret that I ignore CAKE before. And look at it now, it increased  520% from last feb 3 accdg to cointelegraph. At some point,  those new altcoins are showing off their rapid rise.

If you invest in the Binance Smart Chain or are thinking about doing it you should familiarize yourself with the term (Rug Pull).
Choose a good token such as Cake, Sfp, Twt, Bake (listed on binance exchanges)
Remember, if you are looking for more safe, don't buy/invest in new tokens with low liquidity

Can you give a more detailed explanation, because I am new to the term and i want to try it.

Yes and it's the right choice to trade, and it is advisable to choose a coin that has a high volume for trading

That's a good sign if you see movements like that, don't ever give up and keep an eye on it man. If you're having those plans, set it up with  100% percent dedication, because if we might fail there's lacking due to foundation. Having much idea would tend to break, just simple steps success will go next.

Apart from the products, SFP is also available for farming in DeFi apps like PancakeSwap but I agree that SFP needs more utility to push more adoption and eventually pump the price.

You also have to consider the supply factor.

Data from CoinGecko:

• TWT ($0.71) - 346,951,186 / 1,000,000,000
• SFP ($2.86) - 108,166,667 / 500,000,000

The numbers don't lie and those gains from the projects that were built on Binance's Smart Chain are getting traction. They're worth to invest if you have fully understood them.
You just don't invest because they're increasing without putting any time to research. It's a requirement to still research whether those projects were made from BSC or ETHs smart contract. They're all good depending on how you look at them but with certain research.

It's better to stick over TWT too rather than only put all of your money on SFP. TWT has more utility usage compared with SFP.
SFP is still new but it's overvalued compared with a better coin that was working on the same field. SFP is good but it looks like it's too much to pay $3 for any SFP token.
Is not it better for you to stick to the another coin too? It's always worth to invest in the binance asset as long as that's a legit asset. I think that you know what meant about the legit asset, right?

There is no doubt that the BSC is continuing to do well.  I also noticed the coincidence of the coins you mentioned in the ongoing bull run.  Its works can be enjoyed because we know the foundation formed by Binance.  It looks like I like it better than the ETH network.  But hopefully, their users will keep their preferences especially when it comes to transaction fees even if prices continue to rise.

yep my prediction on sfp it will be down on 1.5usdt to .8 usdt soon and the twt it will be go up to 3usdt soon that only my prediction i see the movement charts of twt they broke resistance now omg twt road to 1usd while sfp they going down ithink?

Just be careful in fake and scam projects just like Uniswap the popularity of BSC today are also popular to scammers creating fakes tokens promising websites and eventually scamming investors take a deep research first before new buying altcoins launching on BSC chain they are too hot but also too risky.

Binance Smart Chain has already taken a significant percentage of the market share from Ethereum. People are looking for an alternative to expensive fees on the ETHnetwork and BSC is ideal as a replacement. Moreover, the developers of Binance Smart Chain declare that they will do everything possible to maintain low transaction fees on their network. 8)

Good idea to invest in bsc smart chain project,because the Eth network became extremely slow and expensive so everyone jumped over to using the BNB dex, also their Binance launch pad is offering awesome returns with airdrops. Unfortunately I figured this out too late to benefit!

I agree with you, because I see every projects that uses binance smart chain, then the price will always increase very high and of course the transaction fees from Binance are also very low, so this may be one of the reasons why people and new projects choose to use and invest in binance smart chain, besides that binance smart chain is also very popular at this time and there are even many people who believe if binance smart chain will be able to beat Ethereum in the future, therefore now is the opportunity for us to invest in Binance and altcoin that are on binance smart chain to get a big profit.

It's worth to invest in BSC project as long as that already had a lot of backers and the team already proven its credibility.
That being said if it doesn't matter what kind of platform that used by the project as long as the team is legit and you can try to consider it as the best place to invest your money dude.
It's quite simple to just see the team and development progress.

Actually, we can choose projects that are already trusted on the BSC blockchain. Like $ Cake, which is currently experiencing a fantastic price increase. I have done staking by buying the price of 1 $, now I have a high profit. indeed you have to be more careful in your selection. many new altcoins are just cheating. however if successful the support from Binance will be quite strong

Definitely the coins associated with the Binance Smart Chain system are worth it. The people from Binance do a lot of things to satisfy the consumers and increase the trust and interest in them. As can be seen, more and more projects are focusing on Binance Smart Chain, which will definitely increase the price of coins from this ecosystem.

That happens naturally, let's just assume that others are selling some of their holdings for profit and it is easy to do that because the nature of their platform is trading ... It is also an opportunity for them to buy again at a low price because it is obvious what is the trend of this BSC. ETH used to flourish before Binance's smart chain was formed, when it was not yet well known. It is really like that when the value/price increases, the transaction fees become expensive.

Good news, indeed.
I just recently viewed this TWT and SFP and other altcoins that had been moving up.
It's real. That's all I could say.
Binance helped a lot for these coins to move forward and I think it is a good choice for investment.
I'd stay with BNB though if you don't want to risk further. Given that it will increase more value thanks to the promise of low tx fees while the speed is still there.

You can invest in them , if BNB is being bullish then these coins are likely going to be bullish as well. Investing in them at the early time gives you a better position in the market, you have the advantage because you’re going to causing out some good profit when others starts to invest their own money.

And we know it for sure that Binance coin is one of the best cryptocurrencies in the market and it has been growing steady , today alone is already around 80% in the increase of its price. So, you can invest in these coins and if possible you should as well invest in the main coin and then you can continue your HODL.

Well not all altcoins binance smart chains are good to invest.. You must do your own research the project first because I believe there are some of them are scammy projects. Binance smart chain is getting popular now for sure the scammers will join this trend making their own Binance smart chain altcoin.

Especially with Binance conditions which are predicted to surge in several articles that I make in April, scammers will definitely enter it, considering that many people are tempted by projects related to Binance

There are several great projects on the Binance Smart Chian doing great since inception. Take for example SFP, Cake, treat finance and others I have forgotten to mention here. It is up you as an investor to do your due diligence by researching coins listed on the DEXs available on the BSC. Note; there are several scams there as well.

That right, but I bet this is will not stand for long time. I mean, the fees for those who use binance network will not always have a low fee because when BNB coin has a high price then I bet the fee for one transaction will high as well.

I still remember when BNB before reach its price right now I just spend $0.00 but now its fee has increased to $0.1. It will be like ETH now, before ETH increase we always told that ETH is a solution than bitcoin but now we said BNB is a solution than ETH.

Also, it is not all about the fees involved. Not all projects developed under binance smart chain is worth your investments just like not all eth tokens are valuable. Now that devs are finding out that there is advantage in terms of fees under BSC network, a lot of scammers will build their crap projects under this platform. So make sure to do your homework before jumping any of them.

Altcoins that use the Binance Smart Chain are very well worth investing in. because there is currently a hype about Binance Smart Chain's
cheaper fees, compared to the altcoins using Ethereum platforms. Regarding CAKE in the near future I'm sure to return to the ATH price of $ 21,
so it's a very good thing to buy CAKE nowadays. Then for the SFP I doubt can reach the price of $ 12 this year, chances are the SFP will only
hit the $ 7 target this year. But both of them are really worth buying, because they can generate profits in the near future.

Binance smart chain is capitalizing on the fact that ethereum is too slow and the gas fees over there are just high to make any transactions. Defi is the current best thing in crypto right now alongside NTFs but users are always restricted and limited due to high gas fees every time. Most times, you need around $10 to $15 fees to send $20 worth of value on the network and that's bad. Binance chain fixes that and allows users to enjoy all ethereum features but with cheap tx fees and its back by binance labs funds too.

well, I also heard that quite a number of altcoins have moved to BSC due to fees and other issues. however, the problem of fees at ethereum did hinder transactions. however, the BSC is something of value right now. sooner or later, BSC will have a position that is equal to or even more than ethereum.

So far so good as Binance really providing that lapses coming from ETH chain. Giving investors and traders breathing
to continue investing and trading new assets.

If things continue like how  it was now then buying altcoin using this chain is really worthy, just pick the right project
and enjoy using this low fee chain.

But until yesterday I haven't seen a spike in the BNB token, instead it continues to fall like a Bitcoin correction, so are you still very sure that in April this year there will be a surprise in the form of a big spike in BNB tokens?

The current condition is that the binance is getting lower, predictions can also be missed, everyone has their own predictions, but it does not rule out that the predictions in some of these articles actually happened in April, in this case there is still a need for more observation between the possibility of going up. or getting down

Well any coin can be migrated to Binance Smart chain and it's didn't make any BSC-based token is good, Still there some bad project for example like ZAC, it was Rug Pull. Basically it's depends on which project or coin you want to invest, In this case SFP it's good option if you looking potentially project beside that Cake was good alternative for get some passive income through their farming program.

It is not even just scammers, even the "good" projects have a limit and I think that's why it is a mistake to stay in them for way too long. Think about it this way, there is 28800 blocks per day on BSC and most of the time blocks are 1 on those tokens, that means there is 28800 tokens per day in there, and that is why I think it is quite impossible for it to continue, even if it is 10 bucks that means we have nearly 300k bought every day without even selling to make it go on, and there are ones that pay even more, like LP and pools which means it is going to be a lot more.

This is why I think even the best projects that come out with the best intentions will eventually go down because nothing can be sustained that much every single day forever. This is why anything you get in, scam or not, you should get out of those BSC tokens before it is too late and before get out before you.

That same issue can be said for most of the alts and not just BNB. We know any correction in the market with reflation of Bitcoin affects other altcoins and BNB was not an exception but this doesn't mean that It cannot get back up there because I have seen days when BNB price was going up without the influence on bitcoin, the day "Alice" was to be listed in Launchpad on Binance plus as always, if bitcoin gains back, BNB does too.

It caused by binance is fully pegged with the bitcoin movement. If there is no good news about that and then it will be following bitcoin, you can see in your own statement if that was following bitcoin after it didn't even get any pump.
that means if BNB is not leaving from the bitcoin's domination.
I think that even BNB was a major coin that has a various products and it doesn't mean bnb can stand without bitcoin.
The fact that bitcoin is still ruling anything.
There are some altcoins on the BSC that is worth investing too.

Binance smart chain is a good product, more recently it’s a good practical use case for trading/swapping tokens or for basic transactions compared to Ethereum.
Because of high fees on Eth network people are switching to BSC but soon there will be ETH update which will turn the ETH from PoS to PoW maybe then people will switch back or continue using BSC.
Most likely they will use both.

Don't hold it for too long. BSC shitcoins are only mooning because ETH fee's are very high.
Once they come down, BSC will be an empty wasteland

Honestly speaking it's too hard to say if the balance smart chain has a good outcome but still, they have a good market price today and seems to be a great investment but again as I told you it's too hard to sell what are the possible things that might come to the market of this smart chain.

The best thing to do and recommended is always search for the investment we would like to do.

Is it that bad what happens when the ethereum problem is when the gas costs are resolved?
sounds really bad on the BSC. but until recently they could have grown in popularity when market adoption was still on the side of BSC. what's more to do with binance. surely there will be other developments after the BSC is completed.
such as there are interesting events with free tokens that can be obtained from saving or BSC transactions. obviously, it greatly adds to the enthusiasm and market adoption for BSC.

Yeah, many tokens of Binance Smart Chain are pumped too much now. From this point of view, it seems that the investment in the token of BSC blockchain is worthy.  But I don't think it's right to invest long term. Because if the transaction fee of ETH blockchain is reduced then if everyone rushes towards ETH then there can be much more dump of BSC token.

There's always a caveat buying any token listed on DApp, whether from Pancakeswap through a BSC or on Metamask through ETH on Coingecko. It's so that buyers will be aware of any act of a possible rugpull so they don't cast the blame on anyone if that eventually happens. I haven't experienced a rugpull myself but I heard it's a terrible experience to have as one watches one's cash go down the drain. So, my suggestion is for you to DYOR properly before investing.

https://i.imgur.com/HAo62sF.png

Binance has become a lifeline for many users who simply could no longer cope with financial difficulties due to expensive Ethereum transactions. I like working with this network there, it is really profitable to carry out transactions without commissions and unnecessary worries. Binance has a huge future, and I think many have already appreciated all the advantages or will definitely appreciate in the future.

I have nothing against Ethereum and I even hope that its creators will be able to overcome all problems, but Binance is a very promising project.

Altcoin on binance smartchain some of them is an old project which moved from ethereum because of high gas fees. And some of them is new project which can be failed or maybe it is scam project. So you need to becarefull to purchase them. Dip research about them will lower your risk to get ripped off.

Yup, the market has been really good at this time, but what if you invest and the market starts crashing, what are you going to do, keep holding or sell off?

Unless the particular coin you’re investing in is going to increase and reach your target before any there decline.

If you have plans to starts trading, my advice would be that you should leave it for now, it is not something that you’re just going to jump on quickly and start trading, you have to learn what you’re meant to learn to be perfect before taking the further step.