angrygroceries (OP)
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Merit: 10
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March 14, 2018, 05:33:28 AM |
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Voluntarily paying for a quality service in a free market is the opposite of extortion.
Furthermore, Binance is the cheapest altcoin exchange if you consider all the costs:
trading fees, withdrawal fees, cost of slippage
If you can't beat them, join them and buy some BNB. Might as well align your incentives with the winning team, so you can be happy when you see them continue to win. 0.05% trading fee with BNB discount
0.005 ETH to 0.010 ETH withdrawal fees for ETH or ERC20 tokens
Lots of market depth so you don't lose money to slippage
I'll wait for you to name another exchange that's cheaper than Binance on all 3 of these costs..... They're using 20% of their profit to buyback & burn BNB until 100m BNB are removed from the circulating supply.
In Q4 2017, they made $200m profit and used $40m to buy & burn 2m BNB. An average of 22k BNB bought every day (by traders using it to pay fees), then burned at the end of the quarter. This daily buy pressure has helped BNB rise from #31 to #24 on coinmarketcap during a bear market. Binance chain !! Should I invest in bnb?
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"Governments are good at cutting off the heads of a centrally
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networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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Hellobx
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Merit: 10
The Experience Layer of the Decentralized Internet
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March 14, 2018, 05:42:56 AM |
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Binance chain, this is a new concept, it is well known that Binance exchange with the world's largest user base, so I feel optimistic for the future of BNB, now is currently in the encryption currency markets bear market, however, I will wait for a lower price to buy BNB.
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sugihe
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March 14, 2018, 05:45:49 AM |
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Binance chain, this is a new concept, it is well known that Binance exchange with the world's largest user base, so I feel optimistic for the future of BNB, now is currently in the encryption currency markets bear market, however, I will wait for a lower price to buy BNB.
Good point that BNB is good to buy because the existance of binance as exchange impact to increase the price BNB. I am not BNB holder but i am looking to buy BNB when it hit low price.
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alt-fire
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March 14, 2018, 09:47:49 AM |
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Binance is the best exchange in 2017. I did not believe in its success and sold my coins at 1.5$ a month later they cost 20$
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JeffBrad12
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March 14, 2018, 09:50:41 AM |
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Voluntarily paying for a quality service in a free market is the opposite of extortion.
Furthermore, Binance is the cheapest altcoin exchange if you consider all the costs:
trading fees, withdrawal fees, cost of slippage
If you can't beat them, join them and buy some BNB. Might as well align your incentives with the winning team, so you can be happy when you see them continue to win. 0.05% trading fee with BNB discount
0.005 ETH to 0.010 ETH withdrawal fees for ETH or ERC20 tokens
Lots of market depth so you don't lose money to slippage
I'll wait for you to name another exchange that's cheaper than Binance on all 3 of these costs..... They're using 20% of their profit to buyback & burn BNB until 100m BNB are removed from the circulating supply.
In Q4 2017, they made $200m profit and used $40m to buy & burn 2m BNB. An average of 22k BNB bought every day (by traders using it to pay fees), then burned at the end of the quarter. This daily buy pressure has helped BNB rise from #31 to #24 on coinmarketcap during a bear market. Binance chain !! Should I invest in bnb?
You should, just the matter of time until the team will try to release the next feature in the binance exchange site. I heard about the future of binance decentralized exchange site to be created. I have some binance coin but i really like about the binance's business plan comparing with other. The fact that if the team will try to burn and burn more binance token that means there will be no a lot of supply in the market and binance will worth a lot soon.
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unsquidly
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Merit: 10
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March 14, 2018, 10:05:23 AM |
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8count
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March 14, 2018, 10:06:02 AM |
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I think it's a winner. Constant burning will help the price rise as well as it's the exchange with the most volume. The only thing that would make it lose value really quickly is if it got hacked and people lost confidence in it.
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skscengeng
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March 14, 2018, 10:06:05 AM |
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binance exchange is groing very fast. very soon, i think binance will be decantralized exchange. in this reason bnb price will be increasing fast.
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xzone
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March 14, 2018, 10:11:22 AM |
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We can see that Binance has been working very actively in recent times. Especially after the unauthorized trade of accounts The binance chain can also be successful, many investors trust this team.
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alex-nn
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In Binance we trust!
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March 14, 2018, 06:27:29 PM |
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Buy BNB now and hold for few months will make good profits, IMHO. Binance has much money to make the best blockchain for TOP-10 of CMC
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X-avier
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Merit: 10
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March 14, 2018, 06:36:16 PM |
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Yes, I also think that investing in these coins will not only be useful for the trader, but also for long-term investments in General! The company itself creates a deficit of coins that contributes to its steady growth! Yes, in principle this is probably now the best exchange, but the way Binance going to run a decentralized exchange!
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Viscera
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March 14, 2018, 07:25:40 PM |
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Yes if you have money to invest why not? Of the best exchange and token so far. So if you want a guarantee a good return profit every month choose Bnb. Even though the exchange got hacked before they are very responsible on their project.
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