Top 3 Reasons To DUMP Binance Coin (BNB)

[Yudhisthir]

Your assumption are absurd. What if every authorities around the world made crypto trading and holding a criminal offense and had a crackdown tomorrow? What if our sun exploded and the earth gets blown away in flames? We all live thinking the worst won't happen. If you are to look for safety, you can live enclosed in your room but still you are going to die anyway.

[rachman mahesa]

if you fud does btt members to dump binance coin, dont even bother since binance had a lot of asians rich people who holds bnb and every people there trust binance so why people should dump?

That is why more people believe in buying and holding BNB for long periods of time. So now what people say to Binance is certainly people will still believe in buying BNB. I am also one of those who prefers to buy BNB and hold them for long periods of time.

[suryapro]

actually I am personally interested in collecting BNB Tokens, but because of the Hacking incident that happened on the Binance Exchange platform yesterday, it made me think 2x to collect it. Therefore, I didn't buy this token for security reasons, of course.

[sh4dtechnr]

1. It is centralized

BNB is centralized.

It's minted by a single guy sitting in a cubicle somewhere.

It is nothing at all of what makes cryptocurrencies special.


2. If Binance goes down, so does BNB

This stems from point 1.

If Binance is hacked (?) again like they were a couple weeks ago, BNB goes to shit. All it takes is one issue with Binance and BNB goes kaput.

BNB depends 100% on a central institution which can be the next Bitconnect



3. Exchanges are commodities

There are TENS of large exchanges and hundreds of smaller ones.

You can shapeshift any crypto into any other crypto any time you want.

Being part of an exchange does not make BNB special at all. Getting listed on large exchanges is a matter of making a $$ deposit. Any serious crypto can afford to be listed on top exchanges.


So that's it my friends. Don't believe the hype. Look at fundamentals always.

Most top 10 coins do nothing.

BTC and ETH actually have a purpose. The others are either vaporware or 100% hype.

Ahoy!

Nice try  
In fact, your composition works against you.
It is clear to everyone that you want to bnb be dumped and you could buy cheaper.  
Oh god, i haven't laughed like that for a long time.
Did you really thought it would work?

[anobtc]

1) Of course, almost exchanges now are decentralized, and the fact that they have the largest trading volume, and we have no better choice.
2) No, BNB has its ecosystem, and it's really working product. That whey BNB's price growing.
3) Likely the first reason.

[FlamingFingers]

1. It is centralized

BNB is centralized.

It's minted by a single guy sitting in a cubicle somewhere.

It is nothing at all of what makes cryptocurrencies special.


2. If Binance goes down, so does BNB

This stems from point 1.

If Binance is hacked (?) again like they were a couple weeks ago, BNB goes to shit. All it takes is one issue with Binance and BNB goes kaput.

BNB depends 100% on a central institution which can be the next Bitconnect



3. Exchanges are commodities

There are TENS of large exchanges and hundreds of smaller ones.

You can shapeshift any crypto into any other crypto any time you want.

Being part of an exchange does not make BNB special at all. Getting listed on large exchanges is a matter of making a $$ deposit. Any serious crypto can afford to be listed on top exchanges.


So that's it my friends. Don't believe the hype. Look at fundamentals always.

Most top 10 coins do nothing.

BTC and ETH actually have a purpose. The others are either vaporware or 100% hype.

Ahoy!

All this reasons you listed are not worthy of dumping bnb,  perhaps bnb might be centralized but if you had bought when bnb was $5 I believe you won't come up with this topic,  your are among those who missed the chance of buying the dip and I'm not surprised

[Zdraste16]

 Binance Coin is a very good coin and for what reason you need to look for a dump for BNB is unclear.  Binance Exchange quickly became world famous and they have future and prospects.  The fact that it was a hack does not mean that everything is bad, but gives developers to work out errors and improve the security issue.

[ganeshramk]

I dont see any reason to dump BNB at this moment. It is one of the best exchange with its own blockchain. I dont care if it is centralized or anything else at this moment.

[Mianae]

Provided Binance exchange exists, BNB is here for the long run. The price might be hyped but that doesn't mean the exchange isn't among the top best coupled with the fact that the CEO is actively working on means to stay ahead of other exchange.

[SaRmY]

They have a pump. And your dovad nothing means. I do not think that this coin will fall as the market grows. 100% will grow. You will still see this coin in 3 positions. In general, everyone knows about this coin.

[raden1922]

But until now there is still no bad sign for Binance coins (BNB) right? I read the three reasons you wrote, maybe the reason no.1 is centered indeed yes but I am not easy to just believe. It's likely that BNB will continue to grow well, along with the current cryptocurrency market movement. I am optimistic that BNB will continue to experience good growth.

[Ucy]

I don't understand number one very well. Do you mean Binance has no fixed supply and developer can print coins whenever they want? If yes, where can I get the information on this?

[Twinkledoe]

Binance Coin is a very good coin and for what reason you need to look for a dump for BNB is unclear.  Binance Exchange quickly became world famous and they have future and prospects.  The fact that it was a hack does not mean that everything is bad, but gives developers to work out errors and improve the security issue.

The reasons that OP presented is I think not applicable for the moment to dump BNB. They are still doing great and being one of the top exchanges, they have long journey in this crypto industry. Your money, your investments, so no one can dictate how you gonna spend your riches. 

Maybe, someone can create a thread - Top 3 Reasons to BUY Binance Coin 

[Fredomago]

I dont see any reason to dump BNB at this moment. It is one of the best exchange with its own blockchain. I dont care if it is centralized or anything else at this moment.

At this moment, the market still buying this project and if you have the guts taking the risk it still gives you a high rewards, keep your eyes opened as market can bring something huge or also OP's assessment might happen, but it will be revealed alone when things already been there.

[Leema]

I have no reason of dumping binance coin (bnb) to me this is still the coin that is stable that has more pump from when i bought till now. The target is not yet now. Cos binance coin is a long term investment.

[H1N1]

I think many peoples will holding BNB coin because it has a huge demands of it.
The coin demands comes from participating IEO, trading competition, trading fee reduction, etc.
Traders and investors won't care if BNB coin is centralized or decentralized as long as they get profit by BNB coin.

[CryptoKush]

I think that the BNB is very overbought. The price is now very high. I think it would be fair if the BNB fell to $ 20. But I do not rule out that they want to make the price of this coin several times higher.

[WannaCry]

for now there is no reason to dump binance coin..price is pretty good and the exchange as well.. its not easy to dump this coin as the the exchange is doing well and so many users.. now they migrating their erc20 token to their platform is a big plus