Bitcoin Forum

Hello Guys just checking BNB coin, losing the support, and investors and people are predicting it may further fall, as Binance CZ is solely relying on BNB , what will happen if

1) BNB kept losing its value

2) Till How much value (you think) that BNB can sustain

3) What will happen to public funds, will there be liquidity issue if BNB falls to a certain level

4) What will be your way to save yourself if anything goes bad..

Please share your opinions ...

Just like what happened to FTX, all will be liquidated. And we're all running to stablecoin to hedge assets again.
But BNB had dropped to $10 before 2020. If they dumped it all today, they will not be insolvent. It will however make them not trustworthy for doing this. There is no leak to Binance's book yet. Someone should if they can prove they are just swimming naked.

Not only Binance, Bitcoin is also currently experiencing a correction that is severe enough to cause its value to decline. There is still a chance that Binance will survive, but the trustworthiness is a bit doubtful after the FTX case came out in the media.

Leave the exchange for a while, sell some or all of the Binance coins if you have any doubts about their journey ahead, because there is no other way to save the assets we have, it is better to lose some than lose all. But it doesn't look like Binance will suffer the same problems as FTX, even though the suspicion of support from Investors is questionable. If we are really worried, then the step that must be taken is to sell all of these coins, before experiencing problems such as FTX.

My opinion on that is to try moving this topic to the altcoin speculation (https://bitcointalk.org/index.php?board=224.0) section because there it would be more appropriate to discuss the issue or points of what you are asking.

What will happen to BNB if its value continues to decline is to lose some money for those who still keep BNB and maybe investors' confidence in BNB will also start to decrease if this continues, but I'm not sure that BNB will have bad luck by continuing to decline until to a certain point because CZ is a person who really cares for BNB as well as for the Binance exchange itself.

For the second and third points, I can't give a more precise opinion on the current conditions, but if it's to save yourself from a bad incident. I usually sell to stable coins so that the amount of my money does not decrease even though there is still an intention to buy back when I see conditions start to normal again, or hold on to wait for the next increase to occur in BNB.

Go check your portfolio, BNB price is increase 6% right now.

To be honest I'm just wondering why did you invest on this shitcoin? BNB is similar like FTT, it can be easily get manipulated since it's centralized. The price is stick with the exchange popularity and reputation, when the exchange lost it's popularity and reputation, the price of the coin will decrease.

I think many people are currently believe in Binance since they think Binance has full power to control the market, but don't forget Binance is centralized exchange, it's same like Mt.Gox and FTX.

I see no problem with Binance and the coin has not lost any value I even checked the price of the coin is on an uptrend and almost back in the $300 range.

I don't think BNB will lose its value even though I don't hold this coin but CZ has made several efforts not to happen the same as FTX.
Chances are Binance can still survive.

I see from CZ's tweet they have added $1 billion USD dollars to add to their insurance fund, see here. https://twitter.com/cz_binance/status/1590214179696566274
https://www.binance.com/en/blog/community/our-commitment-to-transparency-2895840147147652626

One more thing never store assets on the exchange it's a safe way to stay safe from disaster exactly the same as FTX, even though Binance is safe enough I don't expect them to store money there.

BNB is one of the best performing coins of 2020-2023. Not only it was much stronger than bitcoin during  bull run it also was much stronger during bear market which is a phenomenon (altcoin that dumped far less than bitcoin durting devastating and long bear market). BTC/BNB price is at ATH. So you are wrong here saying that bnb is loosing value. It hold value the best from whole crypto industry.

Answer to questions:
1- nothing. We will just have better opportunity to accumulate more
2- how much it can dump? The lower the better. How long will binance survive? I don't think that bnb price will affect binance itself.
3- The fact that FTX was overleveraged scam that collapsed due to 1 tweet does not mean that binance is weak too. https://coinmarketcap.com/exchanges/binance/ - 70B founds on hold.
4- store coins on self custody wallets and accumulate more

Normal happening especially bear market strikes since almost all coins and tokens will be drag to what bad condition happening on bitcoin.

No one can predict about what you ask since it possibly can go more lower or it will have a recover, chances are there but I think Binance still in good shape so price might provably go up if market will be in good situation.


Will be liquidated as other says.



Sell and move on find another alternative coins which have good potential to hold and recover our losses there.

BNB already bounce back now to 290+ after hitting the 250$ price support. I think @OP is just over reacting on the price movement due to the fact that CEX is hot in the eyes but the current price downtrend is due to Bitcoin sliding more to the lower lows on the past few days. I don’t see any unusual or anything that can be a red flag for a BNB holders besides for having a normal price downtrend due to the general market sentiment. I’m holding few BNB on my wallet too but I’m not that nervous no matter how much it dump because I know Binance is the top exchange.

CZ has lot of funds to place a liquidity for a price support. I doubt that he will allow BNB to lose value and failed like FTT since this is his arsenal.

Could this be suggesting that Binance has been found with a case to answer which is forcing interested parties to pull out ??? BTW we all know that most if not all altcoins mimic the performance of bitcoin, and markets being generally bearish all coins should follow suit of being bearish at this point.

Still has the support to keep at fair value nothing crazy should be expected.

Binance is has emergency funds in place if it comes to this am certain a pump will happen but for now if you expecting negative sentiments that will affect Bnb exchange coins for a stablecoins and watch markets play out.

For starters don't keep coins on an exchange to avoid any uncertainties , secondly stablecoins stablecoins stablecoins, if it's value you want to preserve move coins into stablecoins but don't panic just yet, keep Calm and see how markets behave.

I think CZ is way better than SBF especially on handling financial aspects on their respective exchange platform and too much greed of SBF it cost him his fortune. While CZ will have it's own criteria on how to handles such big company like Binance and I don't think BNB will losses its value because its one of the biggest blockchain ecosystem in the market and in fact CZ has more fund reserves to back up when everything goes sideways.

Those are just rumors as there's nothing wrong with Binance blockchain or the exchange, this rumors might just be angry fans of FTX that just collapse few weeks back mainly because of the tweets from Binance founder of wanting to sell their stakes in the exchange. This rumors might just be an act of revenge from them to want to bring down Binance exchange as a payback by spreading fake rumors to create fud as there seems to be nothing wrong with Binance.
If the coin was to decrease in price it's due to the market condition of the general market and not because Binance is experiencing any difficulties like hack or not been able to process withdrawal of customers funds as in the case of FTX exchange.

The market is experiencing the bear market and that's why it can't skip it. Losing the support is normal at these times and even bitcoin has lost the known support before which is $17k because we've seen it down around $15k.

1. I think that there are still many investors that have faith on this coin and that's why when it keeps dropping in price, many will still buy for it.

2. No exact price but any price you have in your mind is possible.

3. I don't think so but the value will become lower. But anyway, if that happens, many still don't learn their lesson of not keeping that much money on an exchange.

4. Bitcoin and then withdraw everything that I've got there even cents, maybe.

For now, yes; we think he is better because binance and its coin are still in good condition. I remember people are so proud of sbf before because he is one of the youngest billionaire but look at him now, everyone hates him. It shows that is easy for the people to switch sides once trust is broken. If happens that cz made a wrong move and affected the company as a whole, the same thing can also happen.

For now, binance coin might be losing its value, that is due to the impact caused by negative events last time but if let say it collapsed for real. Of course, those who invest on it are going to lose and again it can cause a bad impact to other coins but it is not the end for the whole crypto.

Well, first of all, many investors and traders came out in dollars or another fiat.I'm including because it's more reliable at the moment.As for the binance, I would not worry about this, they have a reserve fund that is just designed for a negative scenario.The second point is that I would not hold most of my bank on any exchange right now.

If people want to be careful with how things are happening right now, it is always best to get out your funds from the exchange.
But talking about binance, I believe they have very solid financial management. Just think of initially offering to buy the FTX.
However, once they learned where FTX is sitting right now, they bailed out. But it means, they have capability to buy a big exchange.



It may be losing value but I don't think it will collapse. Remember, binance has their SAFU, so in case their clients are secure with their funds.

Liquidation and the market status probably the reason for the drop of Binance coin and also FTX issues affect them that much as well since they made some investments as well with them and not sure if they are able to liquidate everything with FTX. This is not the first time for BNB to drop on its value, most probably once the market recovers they will recover as well. The advised not to hold any crypto on any exchanges should still be done for your own safety, many knows what to do now.

Yeah, they've got the SAFU which makes the people confident that if anything bad happens to them, they can sustain it through that fund. But how much they've got in there?
With all that's collapsing right now and exchanges in the eyes of most, this is where Binance is being questioned if they'll be able to sustain things when the majority starts to collapse including their coin which can lose a lot of value during the bear market.

This is an assumption and nothing more. The moment you realize that you are assuming bnb coin is all CZ has is a wrong assumption, the quicker you will get out of this trouble. Sure BNB is a big part of what binance is, but the price could be 2 dollars each and they will do fine, and they did fine back when it was 2 dollars as well so it's proven.

The issue here is that people are looking at the coin of a company and assume that they have all their money in there, when in fact they usually do not, they have a lot less money in their own coin than people think they do. Binance has billions upon billions of dollars worth of investments in many other areas and they will be fine.

Now many things happening, So anything can be the cause of this things. FTX scammed the people funds, So they boosting the many coins like Solana. The FTX may do the transaction of their coin to buy the Binance coin. As I said, the price of Solana had started to increase to the very high value now. So it’s better to hold your coins in cold storage as compared to the exchange. Exchange can be closed and stole your money. Binance will start to take care of their coin value now. I had requested you to hold till the process was closed. Because patience is only key to win in the trading and in your life.

It is not recommended to store coins or some money in any exchange because the risk and level of security is very different from the wallet that we manage by ourselves. In the case of FTX, I think a lot of people have discussed it and many people know about it, but for the issue of upgrading to an altcoin like Solana, I don't think it's the only altcoin that's increasing now. You can see several other altcoins such as BNB, Tron, LTC, XRP and also several others, does that also have something to do with the case that happened with FTX?

So far, BNB has been able to hold on, and even BNB had barely touched $300 (before this, BNB was able to hold on to $300 but since bitcoin has been on the decline, the price of BNB has also fallen). We don't know how deep the price may fall because BNB follows Bitcoin's movement, and if Bitcoin goes down, BNB will follow suit. To save ourselves, we don't need to keep coins or tokens in the exchange, and it is the recommended advice to avoid things we don't want. But if BNB loses value, the exchange may take a hit, so be careful.

It's really a hard decision in terms of moving from your save assets, if you have binance coin and use it as your investment asset, if the value falls then you will be triggered to sell out but of you understand how the market might move once the issue with the entire crypto industry got resolve instead of selling maybe you will buy more and you will move your asset to a safe wallet.

It's always a good practice not to store your coin inside exchange. Whatever happens, you still have options, and it needs a lot of time. Never quickly judge the situation. Better to assess and go through your hard research.

When the market goes down, especially if it is deep down, we must be able to refrain from selling our coins because that means we will lose the money we used to invest. We can use that time to buy more so we can sell it when the price goes up high.

During this time, people tend to sell it quickly when the price drops sharply because they think the decline will continue with a lower price drop. But they often make wrong decisions because there are cases where when the coin goes down, it's just a small correction; after that, the coin's price can immediately increase. And we will be stuck in that condition if we can't analyze it properly.

I think people are probably over-predicting about the bnb coin.  But if I personally still believe in this coin, even though in reality what is happening right now is like this.  Moreover, the price of all coins is currently also experiencing a decline, including the experience of BNB

Nothing will happen to bnb and binance, not only BNB will depreciate but you look at the market and tell me is there any coin that doesn't go down and even bitcoin. If you analyze BNB with bitcoin you will see something weird there. Compared to ATH bitcoin is down almost 80% but meanwhile BNB is down only 50%. that means BNB is being held quite well by CZ.

All exchange coins are scam imo. It doesn’t matter if the issuer is binance or ftx. The idea is always the same. Ripping the exchange users off.

Why do they need these coins anyway? If it is a cheap solution they seek, There are hundreds of alts that are cheap. Doge and LTC are cheap and pretty safe.

The thing is, they need something they can control its supply which means they can pump and dump on you. They can’t do that with these old alts but they can manipulate you with these exchange tokens.

1.Bnb is developed by the right person like Cz who really cares about the value of bnb tokens, he can definitely find a solution.
2. The bnb is very big now I doubt that there will be a big crash because a few weeks ago when there was a bnb hack they were able to fix it very quickly without causing too much panic.
3. I hope this never happens, because there is no good reason for such indication ads for binance exchange.
4. Always invest in money you can afford to lose.

First of all, what do you mean by CZ relying solely on BNB? I don't think that this is true in any level.

I don't understand this question. Are you asking how low bnb price can drop? To any level, it's not like they are using it as collateral.

What are these public funds you are talking about? And liquidity issue how? I think i am repeating myself but cz has said several times that they aren't using BNB as collateral.

Then i would exit all markets, or even short them. If binance would go down the whole crypto marketcap wouldn't recover for ages.

Nothing is impossible. Even FTX is pretty reliable since then and they have a big investors that have trusted them as well as celebrities who promoted them because they seem trusted until the fraud was discovered and quickly the declaration of bankrupt and the plummeting of FTT. BNB is a centralized token and the disaster on FTT could happen in BNB even how trusted CZ look likes to people. Being big is not a factor, FTT is once big too and it is climbing the ranks of coinmarketcap but now it isn't even on top 1000 of CMC. At the current events happening today, It's pretty hard to trust any centralized tokens. 

Is this your first time in crypto market?
Of course, every coin in this market that suffer from bear market will lose its value eventually but that's just normal if the coin has a potential such as the Ethereum or Bitcoin. They all losses their value as the bear market continue but somehow these coins are different from the other altcoins that we know since most of them either dead or left because the value didn't pump anymore even if the market is in the bull run.

1. Look at the whole of crypto, it's on bearish market right now. Even for BTC it also down much more than BNB

2. It can beat ETH later

3. Nope, see recent binance safu on binance recovery funds which is $2billion now

4. i will buy as much as BNB you have and then F*** off

https://i.ibb.co/TPcGYFj/IMG-20221127-082430.jpg
https://coinmarketcap.com/currencies/ftx-token/

It's still on #209 now, we know you are a big liar, so all of your posts are only spam post.


FTX don't have enough money to buy BNB. It also have no point to them to buy BNB

Doge $0.09 and LTC $70, where is the part of that pretty safe? If you say thats safe, go buy doge with all of your money now

Binance coin hasn't dropped down. From the day the thread have been created there is continued increase in the price. This price pumping is mentioned to be a hype from the Binance team. Even at this bear market such a big push is being done through the Binance launchpad token. The price of bitcoin is predicted to fall low, followed will be the price drop of Binance. To keep its market good at the time of market decline, the forward push done right now will help to maintain the level.

Where did you see that, the price of binance got appreciated almost 20% due to the launch of public safety funds. The price is also very strong at this moment.

It can't be determined as long as bitcoin will be increasing even more and binance coin will also increase too. This actually depends with the trend in the market.

Binance has been very transparent as it has so many reserved funds and it's not likely binance used the funds to gambling like what FTX did. I guess binance has anticipated the possibility for liquidity issue.

Just transfer your funds to your personal wallet. that will be solved any problems related with cex

I think one of the reasons why is this because also what happened to FTX Exchange and other centralized exchanges. People realized that even how reputable or big a trading platform exchange is, there is still a lot of possibilities it will go down.
But I noticed before when FTX started to fall, I saw some pumps happened on BNB (Binance token) but later on it started to dump.

The Binance team should focus on making BNB continue to shine and soon become king, Binance has great potential because of the biggest market support, but when there is an exchange war it will have an impact on BNB so that it drops significantly.

Will you like it when binance became the king of the whole crypto market? But what about btc? Don't tell me you don't like this coin. Well, what can I do? That was your decision but for me and many others, we will support btc up until the end and for us, btc will always be the number one and the king of cryptos.

I am not updated on binance coin's price but @romero121 just said that binance coin didn't drop down. It seems that binance is doing their best to not scare their investors. Well, they should because bnb is an exchange coin and many people are now having a trauma to the exchange coin/token due to what happened with FTX's FTT token.

This pump & dump scheme applies to any coin or token that has big enough whales, especially on doge which you mentioned that has one unknown wallet with 28.10% of the coins. So i wouldn't be comparing BNB to that of all coins.

Also, even in LTC 6 addresses own 15.59% of the circulating supply. And may i remind you that time when Charlie Lee (the creator of LTC) dumped everything at the top of the bullrun?

I mean i see what you mean and you have a point with evenly distrubuted supply, but as you compared exchange tokens to these to as alternatives, i just had to point these issues out.

Becoming a king is a very difficult thing for BNB even though the coin is fully supported by the exchange itself and also by several other exchanges, but it is still not enough for BNB to become king because BNB has to beat Bitcoin which clearly looks difficult because CZ himself also still really likes Bitcoin besides having to keep developing BNB continuously in a better direction.

And the price drop on BNB isn't necessarily due to an exchange war like you said, because Binance isn't at war with anyone but just trying to improve itself to be better than other exchanges. So the decline in the BNB price was due to the influence of market conditions that were still bad and also the influence of investors and traders who had not invested or purchased in large quantities because they still remembered that the bad conditions in the crypto space had not improved.

Bitcoin being so great is the thing that stays in the way of BNB becoming the king. It is not because BNB is bad, it is actually doing great compared to what the OP has said, it is clear that we are doing fine and it will keep doing fine as long as Binance does fine and I believe that Binance will keep on doing fine for a long time.

At the end of the day, it is not going to be that much of a big deal for bnb to grow, but while it does that, btc will grow with it and will keep its position. This isn't bad for us though, it means you could invest into bnb alone, or btc alone, or you could invest into both of them together and in anyway you would be making a profit.

Whatever you choose the important thing is you will earned out from your investment, I like to get your idea and I'm positive that both coins/projects will bounce and rally up again once the market experienced the bull season, so far, it will be your own take and will rely with how you understand the project.

In terms of Binance, they have established business and ecosystem that will allow them to expand and grow, we might see more market movement and price movement but better to do your hard research before taking side or choosing your investment.

The BNB coin performed very well in the last bearish cycle, losing its value in relation to ATH by a little more than 2 times, which is even a better indicator compared to bitcoin. In addition, despite the bearish cycle, the BNB price has set a new ATH relative to BTC.

I think when you open this thread, everyone is going down, including bitcoin who went as low as $15,500 because of the FTX fiasco.

Now though, the market seems to be recovering, bitcoin is above $17k as of this writing. BNB at $291, so I guess them losing value has stop already.

Public funds? they have shown Proof of Reserves but that is for another discussion and I think they have the funds to back their BNB token.

I guess just stick with bitcoin right now and put it on a wallet that you have control of.

binance I assume will be fine, they are even very transparent in regard of their reserves, recently they try to disclose their reserve to the publics in purpose of gaining public trusts I guess, the thing with binance is that they are actively trying to become good exchange even though many calls many of binance action such as disclosing their reserves rather gimmicky still it's good gesture coming out from binance.
They are definitely miles better than the rest of exchanges existing out there.

this is a exchange currency so this will always be fine , but about the usage ? if we are regularly trading then it is best to have this but if not? what would be the return to all of us?
I believe that instead of having this as investment or holding? best to choose other coins .
but there is no doubt that the feature of binance about many things is very competent against other exchange.

I am not entirely sure if it will always be fine. It gets burned constantly from the fee that we pay, so the value keeps going up, the more you buy the more you spend on fee and the more you spend on fee the less it is available on the market. This means that it will always grow in scarcity and that means it will always be more valuable, even when it is not burned, it is on the burn wallet, waiting to be burned.

However, the fact that it is centralized means that it may not grow to be huge later on, and we should be careful about it as well. We know what could happen to companies, and we know what could happen if we just invest into a companies product basically.

Your post is a replica of a useless FUD intended to create panic among gullible investors like you. How did you come.to the conclusion that bnb is losing value? Have you checked the whole market! Is bnb only the coin thatnis losing value?
My advice to you is sell you bnb before CZ will send you bankrupt ASAP.

Rather than a FUD, it looks like the person had feared after the FTX incident. Nothing to get panic, when your funds are with a non custodial wallet. BNB haven't fallen in value. Going through the market it is possible to see BNB price increasing recently out of some marketing strategies from Binance. Other than that, bearish move is common trend prevailing in the market. Nothing to correlate.

the value of bnb has indeed decreased in recent times but that does not prove that the value of bnb will continue to decline, we have to look at the long term in the future. i believe that compared to SBF, CZ really pays attention to his platform and is quite careful in investing their money and continues to improvise on his platform, and because of that there are still many people who believe in the value of bnb in the future, including me, i really believe that binance will continue to survive in the market and will be even bigger in the future.

It's a bear market, all assets are losing their value right now.


If the decline continues to follow bitcoin's decline, BNB's strong support is at $200 - $215.


If we're talking about venture capital funds, they were buying at such prices that even a drop to $50 wouldn't bankrupt them anyway.


Either way, I'm not going to sell at a loss if anything goes bad. HODL and waiting for the bullrun.

thanks for enlightenment mate , and yeah I think now I understand what is the true use of exchange coins? is there any chance that we will see these coin dying in the near future ?

though I am not a user of any exchange coins from the beginning and not even holder because i see nothing for those instead will keep bitcoin.

It is Binance had developed a business and ecosystem  but the problem is that there are many of us that does not support a exchange currencies , because aside from we are not holding much funds in exchanges than in our safe wallets.

so with all of those? I think that the community has divided stand on these ,  so losing its value  or not ? for me I don't care about that matter because i only use those coins in some trading dealings and not permanently holding this.

I guess fud time is over now. According to Mazars audit Binance's bitcoin reserves are collateralized 101% (https://www.theblock.co/post/192861/binance-collateralized-mazars-audit)

It will be interesting to see where's the fud coming next, after everything, including tether gets audited fully. People who are still accumulating will try anything to push markets down with baseless fud while they fill their bags.

My guess is they they start to scare us with some fringe anti-crypto politicians that have no real power over anything related to crypto. Anything that seems scary will drive people away even if it wasn't true.

I guess what happened with ftx is making some people to think ahead  @OP if you fear for your investment in bnb why not sell them and buy btc, unlike bnb, btc is much safer and truly decentralized. Although Binance has been working hard to protect the interest of investors by introducing the Proof of Reserve concept to put the mind of investors at ease, you can always take extra precautions when t comes to assets.
So far i don't see bnb performing worse than the rest of the coins in the market, i think it is reacting according to the market movement just like every other coins. So there is no cause for alarm imo.

Cant really blame out for people to have that kind of thinking or assuming up things because of things that happened in the market.Its really a common reaction which having those doubts and
hesitation on something because of the recent events and things that happened around the market.If you cant just trust up a certain coin then it would really be depending on you whether you do skip
out on investing or would really be just focusing on Bitcoin.So far there are still no hesitation basing up on overall volume and value. Decrease in price is really just that part of a normal day
here on crypto space.

Can't blame them though, there are jitters around the market now, as you have said, this is the effect of the FTX collapse and other event like the Terra luna that we question everything, including BNB which is one of the top 10 altcoins.


CZ is one of the most influential right now so I doubt that he will just his BNB becoming a trash project.

Yeah, so far there are no signs that it will go down very hard in this bear market. It will obviously survived, we just need to have patience if we are a investors of BNB because we will have to wait for the next bull run in order to make huge profit.

Obviously BNB's last year performance was nothing but bad. It dropped from 560 levels to 200s once and generally moves between 250-300 now. But we should stop FUD. CZ is working very hard for his exchange and his coin to get public use. I feel like BNB Chain has one of the easiest uses in the world of crypto.
He still favors projects over binance to be funded by bnb holders. That will always help bnb to gain transaction. I really love how CZ is persistently fighting for his coin. BNB I feel, is safest investment besides Bitcoin, in whole crypto market.

An advantage for a coin. Even though I'm happy with 300, I believe it will also reach 400 and even further. CZ will definitely handle BNB nicely, even though there is too much FUD surrounding it. Keeping my fingers crossed, I hope everything will be fine. Every quarter, a certain percentage of coins are burned until 100 million or so are left. There are some numbers on their white page, but I'm not sure what they are. Furthermore, burning coins increases the value of the existing coins.

Try to look at other cryptocurrency, even Bitcoin, the father of coin already dropped from $69k to $17k now or around 77%. Compare it with BNB coin, which just dropped around 60% from $680 to $268 now. Even if you compare top 10 coins on CMC (beside stablecoins) , BNB has the lowest drop compared other coins.

FUD is FUD, BNB will going strong than ever, even this FUD bring us new chance to buy more BNB coin

He said last year not this year. There was a quick bull run last year and good cryptos were supposed to rise but if BNB didn't do the same. Maybe there is something wrong with it but even without a bull, BNB should perform better because it was among the top coins and it was backed by binance.

This coin has a utility inside the binance exchange. Bitcoin is not comparable to BNB and it was normal that the drop of BTC is a little bigger than it because BTC is much heavier plus we are also in a bear market right now. Yeah, FUD is FUD and it has nothing to do with us who have a strong hands but I think I am guilty about those who got affected with it. They will sell and then we are only going to take the benefit.

I just like how the OP started this thread before there was a huge FUD on Binance and it's BNB.

Because there have been reports that they don't have funds to back it up, but CZ reassure his clients that they have the money, but the withdrawals has taken place already. And he said that the billions of dollars of withdrawals is not the biggest for them since existence.

So yeah, I think this is just pure FUD but the damage has been done to the market already.

they can always prove that there's no problem with their funds if people can withdraw funds from their platform without any problem in the coming days. also, they have SAFU in place, so i don't think they don't have funds as a back-up. but of course, we should not be too contented with what we are hearing or reading from the news. always secure your funds, get out from the exchange if you have no more transactions with them.

funny huh?

Binance have not even a penny back in 2017 and if you check the historical value of this coin you will see that the price now is thousand times than the first value

https://coinmarketcap.com/currencies/bnb/

so How come that you get this idea of keep losing its value?

even bitcoin falls now, same as ethereum so how could you expect BNB to climb that good?

we all never know what will happen to BNB in the future. but what i know right now is Binance is trending FUD out there and some investors are afraid to invest in BNB causing the price to drop.
and we all know that Binance (BNB) has been around for a long time and they have a great community and team that will help fight that FUD.
but if an accident happens to Binance and customer funds, liquidity is likely to occur.
there is no other way than to keep your funds in any centralized exchange. it would be better if we keep our funds in our own cold wallet.

Hope is not wrong, but it looks a little funny when it doesn't quite line up with the logic that many people think. Because the real thing that is more important to hope for is an increase in the price of Bitcoin, so that others can also go up like Ethereum and BNB. This I say based on what I see in the market when Bitcoin has decreased in price, where Ethereum and BNB have always struggled to increase on their own in the market.

It’s a fud after collapsed FTX exchange, and i think a group of people’s targeted Binance, and i think a lot of BNB holders selling their coins because they're very concerned about their funds. But you know it’s now bearing market, mostly coins are decreasing, it’s not like that only BNB is losing the value.

I still look at Bitcoin as a market reference more often than I look at altcoins including BNB. Because altcoins always seem more difficult to increase when Bitcoin is still experiencing price corrections and sideways. But try to see when Bitcoin is experiencing an increase, surely in the same period the altcoins will also start to increase in price, although in different percentages. And this shows that those who want to destroy cryptocurrencies need only greater panic among Bitcoin holders. Because when Bitcoin holders panic, others will also panic.

That is what we believe that when BTC falls down the rest follows but there might be exceptions with it, I mean there must be a reason on why some coins still continues to go down. See what happened with Luna and FTT? This is why we shouldn't only depend on BTC when predicting but let us also investigate deeper.

BTC is different with the altcoins and tokens because BTC is fully decentralized while the rest of them can only be called as semi and there are some who are totally centralized. Other cryptos can collapse but not bitcoin and it will be hard to scare the bitcoin hodlers because they are mostly compose of pioneers who are here when BTC is still an infant.

People arent still get used to when it comes to behavior of coins specially on a bearish market or on the time that Bitcoins value drops down? They are really that a fan of saying up things like
it is really over for *coin/token* this time without even trying to look out on whats the current market condition which is totally no sense.If we do speak about trends then it would be
understandable that most coins are really on bearish mode or into those bottom price and its not really just right to make out some presumptions that BNB is losing its value
just because of those rumors and events circling around.Just make yourself get used into these situations.

As much as some people do not want to admit it bitcoin is still the king of this market and this is going to remain this way for the foreseeable future.

Altcoins despite their claims are very heavy correlated with bitcoin, with one of the few cases in which those altcoins break away from this correlation is when they crash to never recover, and while BNB seems to still be a profitable coin at the same time the current FUD that we are suffering has affected the binance exchange in a significant way, then it is natural that investors are also worried about BNB as it depends directly on how well the binance exchange is doing.

do you think that the team does not act on this way?

lol the team always wanted Binance to be on top and be competitive to every crypto , this is why we must learn how  to manage anger and demanding because there will be more coming and this is normal in popularization.

Binance had survived for years, so lets take and wait patiently .


But looking at it now? Binance is recovering and sees like the storm is already passing .


_____________________________________________________________

and also the main concern now is the issues coming from other countries and other areas of crypto after the settlement of CZ and the SEC.

Nothing will happen to your fund, and what investors are experiencing from BNB is a sign that the new CEO of BNB will not let the coin to lose value than to do everything possible within his capacity to increase the value of BNB in the future. I don't invest all my money in one coins, that is why I will not have any fear or worry if anything will happen to BNB but I know nothing will happen to BNB which was the reason the formal CEO of BNB hand over the position to the new CEO because there was a corrupt case against him. I will advice you to hold the one you have invested in BNB, and try other altcoins like Ethereum and XRP which are good coins that will multiple your income in the future.

according to their announcement of reserves, even a little more than 1:1 https://www.binance.com/ru-UA/proof-of-reserves
the numbers are impressive. Of course, no one knows how the compensation mechanism will work in the event of a collapse. But I have not yet observed a massive outflow of users from the exchange, even against the backdrop of all the negative news.

Yeah, are the main concerns as of now and we can see that they're not really that much at all in terms of effect to BNB. While the exchange and CZ have already settled things with the US SEC.
I don't see any movement at all with the price of BNB. It doesn't move at all and stays the same but I like it when it goes like this because it's possible that we get a single blow that it would pump to $300 without any words but just a quick rally on it.
And then it stays there and a cycle will repeat until we get into the bull market.

does the BNB current value have any strong relation to the binance reserve funds though I doubt that, i even doubt it will have something to do with public funds, CZ kept saying that "fund is safu" everytime there's some hacking incident and various such similar occurrence i guess he has learned to take care of public funds to not make the exchange collapse, the ftx incident should be a good lesson for many exchanges tbh.
as long as the exchange itself keep transparent and not trying to do something funny towards people's money then I guess the exchange will go strong.
even right now after BNB plummeted in term of value it still holding on at certain price point not just going straight into near zero like ftt so yeah I guess nothing of significance would be happening to them.

I don't know where did you happen to believe and get that Binance is losing Value? the last time I checked it is still above 200$ https://cryptonews.com/exclusives/5-bitcoin-books-for-kids-you-could-gift-christmas.htm and maintaining that position so not sure about that.

and asking till how much will the dump stops? I believe that it is now in the lowest(at least for December)

What will I do to save mine? I am not holding any BNB for now , instead I am planning to buy more once the price drops to 100$ level.

There is no second thought about what's gonna happen if BNB continues to lose its value, obviously it's going to end up like FTX if in case it keeps losing value and the people's funds will be liquidated as we have seen earlier with FTX. But I don't think it's going to happen anytime sooner with BNB as long as Binance dominates the CEX market and when they were in trouble they made CZ stepdown or CZ stepped down which rescued them from further damage to their reputation and I think the recent drop in value was related to controversies surrounding CZ and now things look smooth for time being.

many bad news comes from the binance and I hear the recent one that BNB are going to hardfork https://www.binance.com/en/support/announcement/binance-will-support-the-bnb-smart-chain-bep20-network-upgrade-hard-fork-72a96837fd594fa7b0f5e5584dde6716 https://github.com/bnb-chain/bsc/releases/tag/v1.2.15\

I don't think bnb will lose its value at least for now because we can see that big projects like FTX and Luna is still exist considering the two of them are fail. Just take a look close of the news

added now is the news that they will be having a fork that I think will surely take effect in its value , aside from counting the countries that will put pressure to Binance team from mine to the whole world that they are operating.
now it is not the temporary movement that we are looking but the long term effect as  are those will favor the investors or will favor only the team, short to think but long to expect .

and it's true that CZ left the founder of binance, the SEC is really great. What I see is that there is something hidden in the SEC's goals. CZ's departure has an impact, whether the price of BNB in the future still has great potential as before. maybe it still has potential but not great. The community's enthusiasm for the CZ program has made many investors interested in BNB

He needs to comply as SEC really targeting him, with him moving down the new CEO needs to work harder as there are many factors that he need to address to continue having that same support the way investors and community provided for CZ, with his acquired position there are many things that accompany with his obligation, it's tough to imitate what CZ already established before he move down as the main man of this company, now the CEO needs to fill that shoe and needs to make more achievements or even got that same level of leadership to move forward.

Binance is one of the best altcoins at the moment, I think it's impossible for Binance to fall that easily, because Binance has a very wide network, indeed the price is currently falling but we need to know that this decline is not just happening to Binance, in fact almost all cryptocurrencies are experiencing a decline. Even though at the moment there are one or two that are experiencing an increase, believe me, this is a very normal thing when the market is in a bearish state, I advise Binance holders not to panic and be influenced by the situation,

have to accept the reality that with different people from different generations, the performance of the program is not yet visible. Being a CEO is not an easy thing. can lead and provide extraordinary market performance. Previously, Binance gave many prizes to members, which I experienced during the CZ era. will it happen again?

BNB is not going to be the only coin that will be loosing value  even when other coins are rising, same way it doesn't mean that it will not get back it momentum when it's own due time arrives, every coin has its own peak periods, some will go along with other coins while some will only rise when other coins aren't, we must not also forget that we are taking risk on their Investment and this is the same thing we get with other coins except for bitcoin.

A lot will depend on how the trial on CZ charges ends next February. And if the decision is not related to imprisonment, but will be limited only by a monetary fine, then this may be the starting point, after which the price of BNB will become bullish again. Well, if CZ goes to jail, then it will definitely negatively affect the price of the coin.

surely it will because such thing to put it simply just their part of marketing surely they already allocated for that, but whats more interesting is probably how they gonna manage the binance from here on, we all know they got punished for possibly breaking the regulation, thats why they are now limiting their services. maybe this CEO will just focused in the other region instead we don't know.
as of now many people are migrating into other coin like bybit that just has recently been growing quite rapidly in term of customers.
hopefully binance wouldn't be collapsing from this otherwise the market would be turning grim again as ever, i'd hope that instead binance would try to fix their pervious mistake and problems and just focus on growing their platform.

Binance might be much different after the change of CEO, I agree with you talking about Bybit which is currently trending among big events. After CZ left, I moved my assets to Bybit and there were lots of interesting things like deposit events. Several months now I have earned 650$ from the Bybit event. Binance will not collapse, it's just that existence may decline

That's a big question mark as per this new CEO. When CZ introduces this business he gains trust from different kind of people, trust that needs to establish the business. Now that he's no longer the main man of this company, it will be a tough challenge to this new CEO to maintain or to exceed for what CZ accomplishments.

Time can only tell the fate of this business and everything that relies on the success of these coming generations.

The community will have more confidence in the first CEO, because the growing community knows the beginnings of Binance's development. The community can still survive as long as the new CEO's performance is good. The community will survive. because this mission is not easy and requires great responsibility

Every body know that why old CEO left his position.. SEC wanted to completely destroy the Binance exchange.. First Bnb and BUSD faced security regulations due to which BUSD new token generation stopped and Binance exchange slowly removed all busd trading pairs. This was not an easy task as busd was the main stable coin of Binance..BNB also lost values and still not recovered to the value before this fud.

Binance team stand firmly against all obstacle from the SEC and now Binance once again looking to gain value because so many investors left exchange after many bad news..I hope Binance will remain best exchange but it will take time and we to be patient, Binance and bnb will rock the market

Of course, this is a test for the Binance team which is currently happening, there is an impact of this SEC accidentally renovating. with the concept they want, I can only support the process of quickly completing Binance to become the best market again. Many certain factors have an impact, such as BNB volume decreasing, who knows in the future

I think it is a simple basic common sense for BNB coin not to pump around this period, the founder is going through his legal challenges, I believe BNB will do very well in future and even perform better than most of these majors, the team need to raise $4 billion, some countries can't raise this amount of money and how many companies in the world can pay such a fine. If you are a long term investor just position yourself well, I believe after all these legal issues have been resolved the pump will come

I do believe that the best thing to do right now would be just letting them handle all the issues they are having, it's really nothing to do with public funds and nothing to do with anything bigger. I believe that we should be considering the situation that would benefit everyone when they get back on their feet.

I understand that it could be a little bit scary, but that doesn't mean that we are going to end up with anything bad, yes it's scary "looking" but that's just how it looks, underneath all of these problems and issues that the public is aware of, the company itself is doing wonderful and they have all the money in the world to continue being the best exchange out there in the world and not facing any real issues.

BUSD is not binances product, it is issued by Paxos who has partnership with binance. It is still better than USDT because users can redeem it without any fees when USDT is currently unavailable in the US. If SEC wants to destroy binance then they wouldn't let it get out of the charges by giving penalty fees. They also knew destroying binance can do ripple effect and many project will be completely destroyed where lots of US customer invested their money. They don't want to affect their investors so they just let binance and CZ go with the huge fine.

and until now the USDT issue is unclear, and the SEC has turned to researching binance about the BUSD they created. This noise is not fair, as John Reed Strak, former SEC chairman, previously prohibited investigating USDT. as if there was a goal of wanting to master something they got. I don't know the concept they are doing

Maybe everyone is panicking because CZ resigned from his position at Binance, but I still have my last hope and support for Binance and BNB. In my opinion, if Binance falls, the market will drop as much as possible because Binance is one of the biggest exchanges in the world and in my opinion, BNB will still worth buying as a long term asset

We really don't know what will be the fate  of binance after CZ step down  but if you have that trust with the project taking it as long term investment may bring you the benefits that you expect,  though just like what I've said there's no way we can conclude what will be waiting in the next coming years for this new team that will handle binance and all the  project and businesses under its umbrella. 

I just learned this, it seemed paxos really have a huge business in creating stablecoin even their USDT that have so massive market capitalization they'd still go on with creating another stablecoin for other platform.
but right now it seems partnership severed and binance wants no more stablecoin in their platform so they already recommended people to convert their BUSD before the fixated date.
I honestly curious what is the reason behind that since the BUSD seem to be doing fine moreover its managed by paxos as you implied which means its just as good as USDT but I guess it have something to do with business decision maybe they don't have any benefit from having their own stablecoin and therefore decide to just end their support for the stablecoin despite the fact that its also one of stablecoin thats sought after by many people.

set a stop loss is the right choice, although I am also sure that BNB will definitely be able to survive, because BNB has a good project (exchange and blockchain), indeed for now the price of BNB is dump and not experiencing an increase, because of bad news that makes investors are hesitant to invest in BNB, but I instead to take the advantage of the current situation to continue doing DCA BNB, because I'm sure the price of BNB will definitely increase very high and give me a big profit, so I'm not too affected by the bad news, because BNB will remain popular and survive forever, so BNB is worthy of being a long-term investment.

BNB token is the most undervalued project among the top 10 projects, the value it accrues to itself is more than Ethereum, it is an exchange tokens, you use it to participate in Launchpool and Launchpad, it gives you discount when you use it to pay for trading fees, it is used for gas fees on Binance chain, burning mechanism quarterly and there are some that I missed, and you think the price will not rebound and catch up, $1000 per token is coming soon, just a matter of time

I didn’t notice any major panic; of all the people I know who trade there or hold assets, none of them left the exchange. Yes, CZ was the face of the exchange and many got used to him and knew him as the owner, but the team and advisors as well as major partners remained in their places, so it is predicted that the exchange will continue to operate as usual without changes.

Yeah, it's still undervalued and I have seen  some motivation because I have missed a lot of run for the altcoins that I didn't choose. But that's okay because there is no coming back and I might get on hold to my BNB and add some more before it fluctuates positively.
For now, too many issues with CZ/Binance and that's why it's still inline with the movement because of whatever bad news is with CZ, it seems that there's still connection with BNB even he's already stepped down as CEO.