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Author Topic: Binance is a good exchange but don't expect forever surge  (Read 490 times)
JeotQ
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May 20, 2020, 09:18:11 AM
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 #1

Please let's all stop taking top exchanges as coins pumpers, just because a coin is listed on binance doesn't mean the surge will always be like it is forever, Binance makes sure of the following

1. Legit projects
2. Good volume
3. Good liquidity
4. Profitable launchpad

What binance doesn't guarantee

Keeping surges alive when it all depends on team continues developments, how is binance responsible for this? Even binance had to burn BNB token supply to reach a valuable target, binance won't control the team of the projects listed on their exchanges for Christ sake

Let's stop treating binance like volatility proof

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May 20, 2020, 09:44:24 AM
 #2

I do agree with it binance won't but can we sure about binance is not even doing a small intervention for any pumo of coin that listed on binance exchange site?

The result will be going back to the project team's decision whether it will be growing or even dumping to the bottom.

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May 20, 2020, 09:55:06 AM
 #3

I guess people are treating it as an epitome of cryptocurrency exchange, whereas it is not. It too got hacked and it does have flaw such as centralisation and highest fees for launching a project. I guess there is a lot of hype that still exists about Binance.

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May 20, 2020, 10:14:42 AM
 #4

Isn't that a common sense? There are plenty of projects introduced by binance dumped so hard after the hype ends. I think most of people that already understand how most of those IEO works could predict that. Most of the projects there also relies heavily on the influence by binance and not from their own project. Pretty sure that if they were to be hosted by less reputable exchange most of them would flop.

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May 20, 2020, 10:46:44 AM
 #5

Please let's all stop taking top exchanges as coins pumpers, just because a coin is listed on binance doesn't mean the surge will always be like it is forever, Binance makes sure of the following

1. Legit projects
2. Good volume
3. Good liquidity
4. Profitable launchpad

What binance doesn't guarantee

Keeping surges alive when it all depends on team continues developments, how is binance responsible for this? Even binance had to burn BNB token supply to reach a valuable target, binance won't control the team of the projects listed on their exchanges for Christ sake

Let's stop treating binance like volatility proof



Thank you for this post, majority has taken it that an coin been listed on top exchanges such as binance that there is a guarantee for a massive pump and majority has lost a huge sum with that mentality cos binance won't be responsible for a coin pump once its listed but it can also help the project to maybe pump a bit cos of that influence of been a too exchange that majority trust
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May 20, 2020, 11:19:49 AM
 #6

I do agree with it binance won't but can we sure about binance is not even doing a small intervention for any pumo of coin that listed on binance exchange site?

The result will be going back to the project team's decision whether it will be growing or even dumping to the bottom.
The coins at Binance are usually very easy to manipulate, and if you are not careful, you will easily lose money at this exchange. I often only trade big coins to make a profit here and limit buying coins with low trading volumes because the risk will be high. Anyway, if you have experience making money from this market, then you will have to know what to do next.

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May 20, 2020, 11:31:18 AM
 #7

Please let's all stop taking top exchanges as coins pumpers, just because a coin is listed on binance doesn't mean the surge will always be like it is forever, Binance makes sure of the following

1. Legit projects
2. Good volume
3. Good liquidity
4. Profitable launchpad

What binance doesn't guarantee

Keeping surges alive when it all depends on team continues developments, how is binance responsible for this? Even binance had to burn BNB token supply to reach a valuable target, binance won't control the team of the projects listed on their exchanges for Christ sake

Let's stop treating binance like volatility proof


There is no doubt that Binance is one of the reliable exchanges that numerous projects developers look forward to for listing.  It is of a truth that surge of project prices cannot be expected forever because keeping this is also largely depend on the project developers.  If a project fails to develop in its roadmap, then there is nothing the exchange can do.  But the crux of the matter is that greater percent of projects on binance are reliable.
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May 20, 2020, 11:40:51 AM
 #8

indeed we cannot always hope that altcoin always surges in binance, but it all depends on the development of the project, if the coin has a good project development, the spike will always be in the binance, but if the project dies then the coin will forever die, and im sure will be delisted from binance

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May 20, 2020, 11:49:05 AM
 #9

I like Binance but their launchpads most of the time are thrash.

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May 20, 2020, 11:49:22 AM
 #10

Please let's all stop taking top exchanges as coins pumpers, just because a coin is listed on binance doesn't mean the surge will always be like it is forever, Binance makes sure of the following
This is somewhat i am being concern for the past that i have reading many thread telling that the Coins must be listed and popular and big exchange for a chance to being Pumped but this is not reality,if the currency really has potential and good team then it will grow even listed in smaller exchange.
Quote


Let's stop treating binance like volatility proof

Not only Binance but all exchange exists in crypto world.

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May 20, 2020, 12:34:54 PM
 #11

I always advice people to hop on Binance because it's a good exchange, the support and almost everything but I have never told people that they are a good exchange and they can guarantee pumps. I guess that all started when Binance caused a lot of attention and made every coin wanting to get listed there plus the IEOs that they've conducted, most of them became successful. But op is right, just because a coin is on Binance, they'll be forever pumping.
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May 20, 2020, 12:43:25 PM
 #12

I guess that all started when Binance caused a lot of attention and made every coin wanting to get listed there plus the IEOs that they've conducted, most of them became successful. But op is right, just because a coin is on Binance, they'll be forever pumping.
I know there are a few successful projects that used binance launchpad like BitTorrent and Fetch.AI but i am not following the rest of the projects, if you are looking at the profit the early projects made everyone the profit but i am yet to follow the rest of the projects that launched through binance and other popular exchanges.

@OP what ever launchpad you are investing the best option is to get in and out with a profit and that is the mind set for many, but expecting anyone to pump a dead project is not going to happen and not every project will be successful.



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May 20, 2020, 12:48:52 PM
 #13

Isn't that a common sense? There are plenty of projects introduced by binance dumped so hard after the hype ends. I think most of people that already understand how most of those IEO works could predict that. Most of the projects there also relies heavily on the influence by binance and not from their own project. Pretty sure that if they were to be hosted by less reputable exchange most of them would flop.
You got this right, many projects are alive of binance exchange today because it is binance, the popularity of the exchange is what keeps the project alive, this means that not all projects that get listed on binance are good

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May 20, 2020, 01:10:32 PM
 #14

It used to be that way but not anymore, investors have learned a lot from their past experiences from investing coins coming from IEO, they should look on it on a long term basis, see the potential of the coin in a long term or if they are going to invest, be sure they know when to exit if the coin is going to get dump.

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May 20, 2020, 01:13:09 PM
 #15

Binance is not the whole crypto industry, of course they cant promise ethernal growth
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May 20, 2020, 01:13:34 PM
 #16

I can guarantee you that I will always join binance launchpad projects but I will never hold any projects from binance, dump is certainty so I recommend taking profits only the IEO pumps high and if you have good interest in the project pls come back few months later because the price will definitely be below IEO price
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May 20, 2020, 01:21:26 PM
 #17

Not just the popularity but the daily volume of an exchange can directly affect the coin that is going to be listed into its platform, binance is now one of the top exchange and coins are lining up to be listed and get exposed to big time investors, true that someday a more advance exchange will rise up with better security to offer and binance will be a second choice popularity will decrease and so will the coin wanting to get listed.
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May 20, 2020, 01:23:32 PM
 #18

It's same as Bitmax, kucoin, Okex too, many are blaming these top exchanges for making new projects lose value as if it's their faults, maybe investors already forgot that crypto is so volatile, ups and downs is definitely something we can't escape

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May 20, 2020, 01:47:38 PM
 #19

Binance cannot guaranty the longevity of any project a project can pass the criteria set by Binance but when it comes to running and development of the project, it's on the developers of the project, and Binance are delisting projects that did not live up to the expectation of investors, and no progress in the market.

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May 20, 2020, 02:39:02 PM
 #20

I have been using binance for a long time and I agree with what you say, even though many people say coins A, B or C but I never care about it because not all surges will occur after entering binance. honestly I use binance not because of the surge of coins that go in there but because of the security and responsibility of the team in case of hacking like some time ago

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