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Author Topic: Binance is a good exchange but don't expect forever surge  (Read 556 times)
Baimovic
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May 22, 2020, 04:54:28 PM
 #61

Binance is the top exchange. So don't be surprised if many people think that Binance is the best exchange and there are many projects that do IEO there. but all that goes back to the team of the project itself, for me personally has no doubts about the Binance exchange.

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May 22, 2020, 04:58:05 PM
 #62

I notice that some coins that held their IEO in Binance are good when they are starting out but as time goes by they fade away, this is one of the risks be sure you are following the development of the coins you've invested, some of them lose steam after having a good start, you cannot blame but yourself if you fail to sell before it crashes.

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rexxarofmoknathal
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May 22, 2020, 10:57:12 PM
 #63

Well, Binance keeps coming out with more and different projects so at least for that duration of time the surge should be real but afterwards it would still be a matter of performance and I'm sure at some point the price won't stay forever up but just by taking into account he time factor that's to be expected anyway





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May 22, 2020, 11:21:39 PM
 #64

Binance is the top exchange. So don't be surprised if many people think that Binance is the best exchange and there are many projects that do IEO there. but all that goes back to the team of the project itself, for me personally has no doubts about the Binance exchange.
All of results will depend on the team but we must remember the majority of coins wanna be listed on binance caused by to increase the liquidity. I think it's not always to make the price surge. When a coin listed on binance and it can attract so many attentions.

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May 22, 2020, 11:37:09 PM
 #65

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.
There is a saying that goes like this "there is nothing more uncommon than common sense" and I think it is right, the OP makes some very good points and while all of that should be common sense it isn't for most traders out there and this is because they let greed to blind them to the truth right in front of them, they want to obtain significant profits in a very short amount of time with no effort and we know that is impossible, so they keep deceiving themselves thinking that they can and they ignore all the warning signs against their beliefs, and we all know how it ends with 99% of those people losing all of what they have.
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May 22, 2020, 11:41:12 PM
 #66

All of results will depend on the team but we must remember the majority of coins wanna be listed on binance caused by to increase the liquidity. I think it's not always to make the price surge. When a coin listed on binance and it can attract so many attentions.
Because it's not easy for a project to be listed on the Binance exchange, you have to pay a massive amount of funds, or your project looks attractive to the binance team.
They maintain the quality of a project by delisting if there is no volume or low project development.
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May 22, 2020, 11:53:33 PM
 #67

I notice that some coins that held their IEO in Binance are good when they are starting out but as time goes by they fade away, this is one of the risks be sure you are following the development of the coins you've invested, some of them lose steam after having a good start, you cannot blame but yourself if you fail to sell before it crashes.

Most of the IEOs in the crypto space, not only on Binance launchpad, but also on other begged exchanges, they do not always remain the same. Around the period of the IEO, their prices usually surge and they would have ATH at that time, but after some time, they would fall. The good thing about them is usually that they do not fall back to the IEO price, which is unlike other shit or smaller exchanges.
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May 23, 2020, 01:03:45 AM
 #68

I trust Binance is good exchange, but Binance is not the number one good exchange.
There are many good exchangescan make good project grow.
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May 23, 2020, 01:13:09 AM
 #69

I trust Binance is good exchange, but Binance is not the number one good exchange.
There are many good exchangescan make good project grow.
Which exchange is better than Binance for the time being because for me, Binance is the best exchange for investors during this period. Of course, many new exchanges appear in this market but certainly cannot compete with Binance.

However, there are still some very potential exchanges that have only recently started, and if investors are interested, that exchange will soon become Binance someday.

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May 23, 2020, 02:26:43 AM
 #70

There are many more projects that are still listed on binance but its price dump so much. I think Binance is very popular because of its liquidity. This is a very popular exchange and top investors like to use it as their playing group. A fake project can not afford the expense of this exchange that's why it ensures project legitimate I think. Binance builds up a good trust to the crypto community.

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May 23, 2020, 03:15:13 AM
 #71

There are many more projects that are still listed on binance but its price dump so much. I think Binance is very popular because of its liquidity. This is a very popular exchange and top investors like to use it as their playing group. A fake project can not afford the expense of this exchange that's why it ensures project legitimate I think. Binance builds up a good trust to the crypto community.
The coins that are going to be listed at Binance usually rise very quickly in a short time, but after being officially listed, it will tend to decrease even more. I don't know the reason for the value of that coin going down, but here is the situation for all coins listed at Binance. Of course, there are still some very stable rising coins that have always been of interest to people over the past few years.

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May 23, 2020, 09:08:41 PM
 #72

for starting project its good for them to use binance as their exchange market..but binance is not always as good, because even they put their project in that exchange it depends always to the community if they will trust the project..
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May 23, 2020, 09:47:36 PM
 #73

Absolutely mate. Just because a coin is listed on Binance  means its value is going to grow forever. The growth of any coin comes entirely from its developmental stages as well as technological accomplishments in this crypto industry.

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May 23, 2020, 09:54:48 PM
 #74

The projects listed at Binance are good projects, and they always have volume in this market. But not every project can be profitable for investors because their charts move differently and we need to research it thoroughly before deciding to invest in them.

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May 23, 2020, 11:06:07 PM
 #75

The projects listed at Binance are good projects, and they always have volume in this market. But not every project can be profitable for investors because their charts move differently and we need to research it thoroughly before deciding to invest in them.

Because those projects listed on Binance is still under the control of those respective developers. If the developer decides not to push thru their developments and just rely on the traders, definitely the project is heading to its grave. This is the reason why even if BNB has very stringent in selecting their projects, still they can't tell the real intentions of the developers. They will just evaluate on what the projects are submitting to them. So it is also the investors' responsibility to assess the project if they can truly implement their objectives or not or they are just putting a show to the investors.
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May 23, 2020, 11:51:08 PM
 #76

That is indeed a great contribution. The majority of the token to maintain its stability is progressive features and regular reports of such to the community members. Binance cannot force the team to make a decision that will be beneficial to the project

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May 24, 2020, 08:32:08 AM
 #77

Even without binance, nobody should expect forever surge.
For every pumps in the crypto space, there will be definitely be a dump.

This is why it is recommended to always do your research.

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May 24, 2020, 08:52:53 AM
 #78

For sure nothing last forever. Alot of first generation companies come and go so for now Let's rely on Binance for liquidity at the moment till things change. Other exchange will come up to compete.

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May 24, 2020, 11:16:27 AM
 #79

For sure nothing last forever. Alot of first generation companies come and go so for now Let's rely on Binance for liquidity at the moment till things change. Other exchange will come up to compete.
Other exchange sites will come to compete with binance but binance has already taken some important steps to anticipate that by try to acquisition the important business that can help the adoption.
The pump will never remain forever and this market is filled with pump and dump scheme. Liquidity doesn't matter a lot but FOMO was giving a huge impact to increase the liquiditiy of a coin.

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May 24, 2020, 01:54:02 PM
 #80

I have been around here for sometime, and therefore I would agree with the OP. Binance became the largest cryptocurrency exchange relatively recently. Earlier, it was the Mt Gox, which folded in 2014. After that BTC-e got the crown. They reigned, until the FBI closed down their exchange and arrested Alexander Vinnik. Then it was Cryptopia, which survived for a couple of years. Now it is the turn of Binance and let's see for how long they will remain at the top.
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