Binance: $BNB The Future of Exchanges.

[Bhizzle]

There is information, that Binance is under investigation by chinese gov. #14 in the list: https://www.ethnews.com/chinese-government-reveals-list-of-60-icos-under-investigation

Where does it say Binance???

It is #14 in the list, and when I was thinking it is a fake couple of posts ago - I now have no doubts that it is authentic, because it is the exact company name and location that I have found in my last post. Seems like somebody was spreading fake info about Binance being in Hong Kong and not under Bank of China jurisdiction. Wake up! Shanghai is mainland China and it is where Binance is registered.

Wait, so are you saying that Binance holders are fucked?

[urp0k1911]

To tell you the truth - I dont know, but the fact is that the situation with BNB is much more serious than I've thought.

[ruffles2016]

I don't believe in binance anymore. China killed all these potentially profitable icos. I don't see any reason to use binance. Its cheaper than other exchanges I know but real deal was making us option to invest on asian icos.

[Ofviak]

Read before writing shit.
https://binance.zendesk.com/hc/en-us/articles/115001444731

[Sikka157]

I thought the same, that binance is the future of exchanges. I sent 3 eth to binance and bought BNB around $2.3 each. Now lost about 60% of my money, Haven't sold it yet. I wonder when it will come back to the price i bought at.

[Bonanzacoin]

I bought in at a high of 2.71 as a noob for a couple thousand. Those who said it could go easily to $5 in a week were probably just those who bought in the ICO for a couple cents. To ramp up the price. They will get their karma. When i read these claims is what made me decide to go for it.

I was like, fuck it, this seems like a golden oppurtunity. It was allready bad before this and this is like worst case scenario. And mayb later its gone completely, who knows.

[JohnDoe3490]

I bought in at a high of 2.71 as a noob for a couple thousand. Those who said it could go easily to $5 in a week were probably just those who bought in the ICO for a couple cents. To ramp up the price. They will get their karma. When i read these claims is what made me decide to go for it.

I was like, fuck it, this seems like a golden oppurtunity. It was allready bad before this and this is like worst case scenario. And mayb later its gone completely, who knows.

Eh don't worry about it. Still not restricted by Binance nor is it a Chinese ICO. The dump was primarily because of the #3 Chinese token holder dumping his shares for profit before the Chinese ban.

[Ganglo Saxon]

Read before writing shit.
https://binance.zendesk.com/hc/en-us/articles/115001444731

For those too lazy to click:

"Hi Everyone,

In accordance with the recent notice from China PBoC and requests from various government offices, Binance will make the following adjustments:

Per requests from their respective core teams, we will suspend trading and deposit services of the following tokens: HCC, LLT, ELC, BTM, YOYO.  Withdrawal will continue to work.  Each team will announce the refund plan of their tokens.

We will restrict all Chinese IP addresses from trading.  They will continue to be able to visit the user center and make withdrawals.
Binance will perform a system upgrade from 2017/09/07 00:00 (Beijing Time).  The upgrade is expected to last 2-3 hours.  We will suspend registration, login, deposit, withdraw and trading during the upgrade.  We will try to shorten the downtime as much as possible.  The above 2 changes will be in effect after this upgrade.

Going forward, Binance will refocus and redouble our efforts in servicing our international audience, which currently accounts for 82.5% of our user base (according to Alexa).  We will also speed up listing of popular western coins.  We want to thank the communities for supporting us, and will list 5 coins from the voting list.  Details will follow.

As always, thank you for your strong support!

Binance Team

2017/09/06"

VERY much still alive and will continue to grow their exchange.  Don't buy into the fud.  Buy into BNB while it is still low

[lugospod]

I bought in at a high of 2.71 as a noob for a couple thousand. Those who said it could go easily to $5 in a week were probably just those who bought in the ICO for a couple cents. To ramp up the price. They will get their karma. When i read these claims is what made me decide to go for it.

I was like, fuck it, this seems like a golden oppurtunity. It was allready bad before this and this is like worst case scenario. And mayb later its gone completely, who knows.

Yeap, it is always like that... those who are saying HODL are ones with low entry or with a great loss

Now try to daytrade to lower your entry price... it will take some time to get back to 2.x level...  

[dadonn]

When I get my ass kicked on a coin, I usually get to know its price patterns far better than any other. Oax was this coin for me. Down about 60% on it and it's been hovering at what I hope is a bottom for a week. Since I still like the coin I deploy a simple strategy- I'll buy more at what I think is the low of the trading range and place a sell 10-15% above it. If it takes, great. If it doesn't, I am averaging down. My investment in Oax is 4k usd. Worth about 1600 now. I've successfully traded it five times now buying 2k worth, making on average, 220. Of the 2400 I'm down on Oax. To me, I've had 1100 of the losses back on Oax so I'm effectively only about 30%. That's a reason to only buy coins you believe in. If the trade doesn't work, I don't mind holding the coin and averaging down.

[dadonn]

Just checked Binance.com  Site seems to be down. I've still got like .75btc worth of stuff on there.

[cygan]

Just checked Binance.com  Site seems to be down. I've still got like .75btc worth of stuff on there.

an upgrade is now due and so is the site down. the upgrade should take 2-3 hours.
no fear ... binance comes back even stronger!

[PAKYU]

be patience. it is planned maintance as mentioned.
they won't go too far with this potantial. 

[dadonn]

binance‏ @binance_2017  20m20 minutes ago
Hi, we have a system upgrade from 2017/09/07 00:00 (Beijing Time).  The upgrade is expected to last 2-3 hours.
0 replies 0 retweets 1 like

Wasn't panicked. I like Binance very much by the way and will continue to use it. I feel bad for the newly issued tokens out of China and what I really don't understand is why they're getting killed in price. I would think since ICOs are off the table, Chinese buyers would support the newest coins unless they fear that they are going to be recalled- which they aren't. Very strange.

I think the difficulty with the BNB coin is determining its value. Discounted fees i understand but why would that drive the price of the coin? Whether the coin is $1 or $10, makes no difference for the discount. If I buy $100 of BNB to use for fees, whether I buy one 1 bnb or 50bnb for that same $100 doesn't matter. Besides this, the discount will be gone in a few years and yes, they will be burning coins. If they have to buy the coins with their own profits to burn them, why would they want the coin higher price? I could never quite figure out where the value of the BNB coin comes from. Even with more users, it wouldn't necessarily have to effect the price of BNB. How do you derive the value of BNB?

[Bonanzacoin]

I could never quite figure out where the value of the BNB coin comes from. Even with more users, it wouldn't necessarily have to effect the price of BNB. How do you derive the value of BNB? 

Well they are planning to play games with it and also celebrate the Chinese newyear with BNB.

[kronos123]

I bought in at a high of 2.71 as a noob for a couple thousand. Those who said it could go easily to $5 in a week were probably just those who bought in the ICO for a couple cents. To ramp up the price. They will get their karma. When i read these claims is what made me decide to go for it.

I was like, fuck it, this seems like a golden oppurtunity. It was allready bad before this and this is like worst case scenario. And mayb later its gone completely, who knows.

Do not worry about being a friend, it's not always as you say.
I also bought Binance coin at $ 2.3 and I am also losing money now but it is part of the "game".
I believe in exchange and I'm backing it from the beginning, as you can see, and I'm sure it will resume and will surprise many.

I do not seek quick and easy gains, I prefer to choose good projects and coins for months and years, as you can see in my coin in my signature 

[rpgmasters]

I did a great review on Binance and the situation around it, because I do not want to risk real money for nothing.
in Russian, you can use subtitles for other languages or those who wish can help with the translation

https://www.youtube.com/watch?v=0MxRYSjlO20&t=0s

[Savik]

The web site is back up but can't place any trades. anyone else having the same problem? I get an error saying it is outside of trading time.

[Hogomo]

The web site is back up but can't place any trades. anyone else having the same problem? I get an error saying it is outside of trading time.

Trades will be back 7:00...in 8 mins. They left time for people to cancel sell orders

[Bonanzacoin]

Binance gonna focus more on customers outside China which is what they should v done from the get go. These weird Chinese coins nobody has ever heard of dont serve non Chinese. No coin should ever be listed again that is foreign to an international public.