Bitcoin Forum

Mates, let’s discuss about the BNB token and Binance itself! I can say with confidence that this token is underestimated! There’re too many discussions of Ethereum, but nobody says a word about Binance. From my point of view, this is one of those coins which are begging: “Buy me! You want me to appear in your portfolio!”
As a matter of fact, it often comes to me that it’s better to sell a part of my altcoins, which haven’t brought profit for more than a year and make BNB the second largest token in my portfolio. That’s because the exchange is dynamically developing. There’s a lot of positive news, such as:
«Binance invest $2,5 million in the payment startup TravelbyBit»
or: “the blockchain-incubator Binance Labs has invested several million dollars in Contenos, a decentralized project on the development of the digital content” (Yeah, Binance has its own blockchain-incubator!)
And it ends with the serious news that Binance is planning to open some branch offices on each continent and going to make cryptocurrencies accessible to the general public. And yes, everybody knows Binance is the number one in cryptocurrency trading, and they actively burn their tokens. Now 1 BNB costs 10 USD, and there’ll be another burn of tokens at the end of October, which will lead to the rise of the BNB price.
Why does everybody keep silent? Why don’t people discuss Binance and don’t give others the advice to buy those coins?
That’s a guaranteed profit without risk! What do you think about it?

You are right, binance is already grown big as a company and bnb token is definitely undervalued although it is performing better than other exchange based tokens but still it has huge potential to grow, i personally expect bnb to be the first exchange based token to reach 3 figure value.

No investment is without risk bro, I'm sure many people out there share the same sentiment. That being said, I'm one of the people who slept on BNB and now I regret purchasing a bag of it when I should. Binance is the biggest and the best CEX out there in the space and with the news making the round of them investing in the startup Travelbybit, it's price is sure to spike soon.

Biance has big potential becourse they came rally late into the exchange bussiness and in very short time they managed to get on of the biggest Exchange pages with very big values of coins inside !



regards

Here's the tough part, Binance are working on decentralised P2P exchange, scheduled launched in 2019 (so not very far away):

https://www.ccn.com/how-binance-decentralized-crypto-exchange-beta-launch-in-2019-will-impact-the-market/

BNB tokens are to be used as "native gas". Now, until they make it clear how the fees (in BNB) will be set for placing and executing orders, it's impossible to estimate future demand and therefore the price of BNB.

Well, i think that's because not everybody trades at Bianance and that's why not many people want to discuss in depth about BNB. Also, Binanace is quite young in the game and so it'll need sometime to get good image in this ecosystem.

Binance exchange have proven itself in very less time by becoming one the best cryptocurrency trading exchange in the world and they have very nice collection of the listed projects on their platform. That's good step which you have mentioned now they are working on international level by opening their branch offices. The price of the BNB coin looks very stable in the bear market when bull run will start it will surely give 2x profit.

I haven't bought bnb coins yet, but I'm going to do it. I think this is a good investment for the long term. The CEO of Binance has a big ambitions to become the largest stock exchange in the world - I like them.  It's obvious that all the prerequisites for this are there. And at all coin exchanges, I have observed, often well are rising in price.

We are know only BNB, token exchange with have a real use chase. But it's not always make BNB value increase & increase. It's about supply & demand, base price etc. If we are in a bear market or consolidation time AltCoin will not have a significant increase value. I also interested about Binance Dex exchange. BNB token will be a native gas I'm their dex exchange (like Ethereum dex exchange)

I also Bagholder BNB, still accumulate more BNB. BNB is my top 5 bag. I think BNB will reached top 10 marketcap

,

Yeah i am exactly thinking same like you. Only i have one reason to dont buy bnb because when i started crypto bnb was 1 dollar and i said that is really expensive. and i didiny buy :P.
After that time i need to buy same coin with 10 dollar price. because of that i am not buying :D. but i am definetly sure i will buy when i find some money.
i think bnb is like btc for now. really guaranteed investment.

Looks the event of BNB, BNB will be burning their token in november.
So hold your BNB don't sell your BNB at cheap! I think BNB will growth up until $15, $18, etc
I invest 40% on BNB

Thank you for such good advice! I was just thinking about where to invest my money! Your article helped me a lot in this decision!  :-*

I used to underestimate the price of this token, it will produce something good at the end of this year, because of some disappointments that I experienced when trading on binance exchange, but seeing better prices, a little regret my tokens finally sold cheap, it's worth trying some transactions back in the binace exchange after not seeing it for a long time

BNB is a great coin, that is backed by a number one crypto exchange. Binance are doing are great job and moving the whole crypto industry forward. They are also going to open up a new decentralized exchange, so these guys have big future plans.

I will invest on Binance token, not to sell those when it pumps but willing to trade any coins on DEX. Binance is planning to open a DEX in early Quarter of 2019 and im sor excited about it.

for the burning of Binance coins and will be done again at the end of October. little do I believe about that information, indeed Binance is the number 1 market at the moment. why coins are burned if the market is large and the stalls are controlled with  centralist. that might be unreasonable

binance is my favorite exchange because it has so many altcoins listed and within certain limits does not require kyc, yes bnb tokens are underestimated using them for the fee of the various transactions i save a lot

What comparisons can be made, if BNB is the top exchange token, how can one know if it's overvalued or not?
I don't see how some can claim that it's undervalued, if there's nothing to compare with?

At the moment, I like what they do, they have plans for the future, but what potential their token has, is difficult for me to judge.

That brings the token being utilized and it seems interesting for me, i guess i should need more and more BNB token. If BNB will have used as native gas and then it will be used by so many people regularly and they will need BNB token before they can try use the binance platform or service.

I think it's a great token that has held it's worth very well during this bear market we've been in. Also the platform itself is developing greatly

I think bnb is a great token to have, and I have some on my portofolio, honestly you can't go wrong with exchange token like this as they are profitable as long as the exchange keep growing. I bought mine last year when binance is still new and I make quite a lot of money from that, I also have other exchange token like kushare and coss although it's not as profitable as bnb token, their value will keep increasing as exchange is very important in crypto.

   I already have some BNB tokens, but like you say DeltaX looks like I will buy some more. I think most of the exchanges
today will grow a lot, it`s a big interest now, and I assume that interest will rise as more people are joining.
   Binance is not the only exchange with token. There are others too and I have some tokens from each of them. Binance
is the leading exchange, it would be good to have more of those tokens for the future. Nice explanation why we need to
have it, thanks a lot Pawel7777 for this nice words.

I guess the main reason is that we are here on Bitcoin forum and discuss BTC itself and altcoins, cryptocurrencies in one word.
As I understand BNB is not type of cryptocurrency(correct me if I am wrong). Of course this is type of asset, which you can buy on altcoin exchange by the way, what is comfortable, but it is not crypto. Maybe that's why it causes not much interest here

Nice eye opener to BNB,  I believe some people might be scared of what will happen to their investment if something went wrong with the Exchange.
Most of us still find our way back to BTC and ETH because are save with those.
BNB is worth the risk and will give good return of investment.
Will bag some.

IMO, BNB is a good investment. Binance is the top crypto exchange and it use its profit to buy back BNB and burn the coin. In the future, BNB price will be going to be more expensive when supply is lesser.

I agree only in part that crypto exchanges - interesting and mostly profit business, BUT concerning BINANCE there were too much negative info and scandals last time (like price and conditions for listings on Binance and fraud with CyClean), also many competitors just waiting when "Akella will missed" (aka Binance) =)

Binance coin is really important and effective to invest it because It has a lot of advantages like it was created by Binance change that is bigest exchange in now so If you wanna invest some money, you can pick the Binance coin to gain really good profit.

Crypto traders will always be there. And they will become more and more. Therefore, the demand for BNB will grow.

I agree with you, token bnb is one of the best tokens in the field. and I see token bnb has a very large trading volume. only less than 1 year, bnb is already in the best top100 altcoin.

It is very good that such a topic appeared in this thread, because I think that this way it only turns out to increase the popularity of this token, I think that today they are more serious about this project.

Very good exchange ! I heard it's launching a decentralized exchange ! I think it will attract even more investment in the exchange ! It will also strengthen the position of the coin !

Binans have done everything so well that the success of this coin is guaranteed in any case, but there is no limit to growth. there will always be a great demand for this coin, and if it is introduced into the world to pay for various services, it will immediately fly to the moon

There is no investment with out risk. It could be strategic or external. But you have well analysed bnb coin to be a coin to hold. They went ahead to propose giving out the trading fee they make to charity. They are really going big.

Had always thought of BNB as just an exchange coin without obvious usefulness aside its being a tool for the Binance exchange and if anything happens to Binance exchange, just like some exchanges go under, the coin will become useless. However for traders on Binance exchange especially, it is among coins to hold

A good and reliable exchange with an excellent token ! The development team is constantly improving and improving the exchange. I think the token will show good growth in the future.

BNB is one of my regrets in cryptos, wondering how much more I've got unknown.
Had the opportunity of buying when it was just above $1, but because I was too myopic I didn't invest in it at the time.
Currently have a little of it which I'm hodling and using for my trading fees, as I may not be able to buy more at the current prices.
Overall, it's a great coin because Binance is the best exchange in the space at the moment.

I consider their system of a token burn once a quarter is the best idea, because they regulate token price themselves. Also a good market crash resistance showed here. Just.remeber,  token price was.dumped only in half in the same time other project have surged around 90%.

This is a cool token that grows in price. :)

BNB is as good or bad as any other coin these times. They all follow BTC, some more, some less without a real chance of prediction except of that your coin will rise after you sold it and vice versa.

I think BNB is a decent long term hold but I expect it to take a little bit of a pullback to 140k Sats or so at some point between now and the actual coin burn from people exiting their short term positions.

 According to an unwritten law, they will be soon “hacked” and then run to the islands with money and accuse hackers of losing all assets. But in general binance looks good and stable now

Binance is only strong on the market itself, how can people discuss Binance if market conditions continue to fluctuate, for example if the Binance market goes bankrupt, is the Binance price still strong in the market. it will also be our problem together, why do people not discuss Binance to be referenced

As you known Binance is the largest cryptocurrency exchange. But no one can guarantee the profitability of your investment in BNB token. Today it costs 10 USD tomorrow – 100 USD or 0,1USD. Nobody knows how much will be cost BNB token in the future. 

According to its strategy, finance is always one step ahead of its competitors. In this coin, no doubt.

Marketcap is $1 billion and had no bear market. This is a utility coin of an exchange. It is not a security. How can be worth that much?
In past years top exchanges come and go. There were none to stay for longer time. Yes they are alive but fall into top 20 or 30.
I could be wrong, but I am not.

I dont believe on such saying yet if we do talk about investing into coins there would be always a risk involved. Yes, those are indeed positive news but it wont really be necessary to be talk about and as an investor
you can eventually presume this things that would really be good to be part of your folio by just reading up on their possible upcoming plans.Sharing is good but wont really be that necessary.

I agree that BNB is a good long term investment because Binance is No#1 Exchange and has a big potential with creating own fast secure blockchain and DEX. I hope Binance will launch USD, EURO payment gates, marging trading in a near future.

It is definitely a solid coin, backed by a solid exchange. and I believe CZ is a good leader to run the business.

As I know, some ICOs are using bnb (which will add value), and BNB is burning some of its tokens from time to time (right?). So it should get so much value in the future. We will see. But if some other exchange (maybe a DEX?) replaces Binance, that might be a bad thing for BNB coin.

Binance is a leading exchange now even though it was established last year and OP, I don't really think people are truly keeping quiet about the Binance token. People are codedly buying it gradually. It's a worthy investment. I believe most of the exchanges are now pursuing the creation of their own tokens because of the high performance of the Binance token and the bitconnect coin (now extinct). Binance is a good buy,  I must confess.

Binance is may favorite exchange and BNB tokens has huge potential especially after they announced that BNB tokens
will be used also in their decentralized exchange. Binance management are running the business very professionally.

I know that almost all alt coins have decreased but the BNB has remained stable in the bear market today.
and obviously the exchange binance is currently the largest alt coin exchange and they only need a short time to become the favorite of all merchants.
of course this has an impact on the BNB token as well.

Binance token is used for exchange fees only and not providing you any profit such as dividend if you hold it.
But if many peoples will using binance exchange in the future, then they will buying the tokens to make their fee cheaper.
So yes, it will be profitable to hold it for long term.

Binance is an undervalued token that could give an investor a huge amount of profit if hodled correctly. If you notice its price, it is stable and hasn't pumped a yet. For me, it is a safer choice to invest into something that has a lot of possibilities like binance. If you check the product itself which is the exchange, you will know are great and stable they are because it is one of the most used exchange. The coin will pumped up soon.

I agree with you! This is a very valuable asset for any portfolio! I also hope for it, and it is a number one in my top list of the next year! Moreover, it doesn't lose its value, so it'll survive in difficult times. I'm happy to see such post during the time of a constant whine about ETH!