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Author Topic: BNB VS Eth - Invest in ETH since BNB is centralized  (Read 984 times)
CuriousGeorge
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November 12, 2020, 01:08:53 PM
 #41

I have invested in ETH. 524,288 ETHs are required for Eth 2.0 to launch. And one person needs 32 ETH. It must be held for 1 year after stake. So I think ETH pump soon.
It will not yet happen as there's a big problem that has been making infura down yesterday. All of ethereum withdrawal has already suspended right now and people must have migrated to use another coin to send any transaction.
You must see the latest news about that dude. I think it's too early to speculate about when ethereum will be pumped.

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November 12, 2020, 01:12:08 PM
 #42

If you are in for profit, I believe BNB would be a better option. BNB is on limited supply and it's has many utilities, though heavily depended on the Binance platform, Binance has became such a large and diverse business that it would not be easy for them to fall. ETH on the other hand is delayed with development and is being challenged by other similar utility coins. BNB is one of it's kind and Binance won't leave it on it's own.



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November 12, 2020, 01:22:13 PM
 #43

Much people choosing ETH for ETH 2.0.
But, I'm afraid, ETH will dump. Because,  I've seen previously when we want something big then we miss that.  Grin I think this will happen again.
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November 12, 2020, 01:45:19 PM
 #44

If you are in for profit, I believe BNB would be a better option. BNB is on limited supply and it's has many utilities, though heavily depended on the Binance platform, Binance has became such a large and diverse business that it would not be easy for them to fall. ETH on the other hand is delayed with development and is being challenged by other similar utility coins. BNB is one of it's kind and Binance won't leave it on it's own.
I know BNB is limited supply and always burn every great moment then BNB have more utilities for holder different from ETH how long you hold never have chance to get new coin or reward like how do you earn with holding BNB, but I still trusted with ethereum as goo dinvestment for the future because ethereum have more experience than BNb just launching several years later. But now etehreum have good information for investor because they have success upgrade ethereum become platform 2.0 and give impact last day ethereum break to higher price.
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November 12, 2020, 01:54:00 PM
 #45

Both BNB and ETH are centralized. Why would we bring centralization into this debate anyway? Since POS means centralization, and ETH will migrate to POS.
If I have a small amount of free money and want to gamble in the exchanges, I'd rather buy BNB since it's cheaper and faster and recently has smart contract capabilities (read about Binance Chain).

But I would probably buy ETH to play on Duelbits or Roobet. Grin

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November 12, 2020, 03:42:05 PM
 #46

In my opinion, investing in ETH is more profitable than BNB because apart from ETH launching version 2.0, in terms of price, ETH sometimes experiences a sharp increase in prices in the crypto market and can even soar in a short time, especially since ETH is one of the most popular altcoins among investors and the public.

You are saying strange things. Compared to Ethereum, BNB has a great explosive power, since news about IEO and new listings appear much more often than news from ETX.
In the long term, it is difficult to say which money will show the greatest profit, I think the same, because they primarily depend on the price of bitcoin.

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November 12, 2020, 03:44:51 PM
 #47

ETH is the best altcoin, no doubt. I can't say if BNB is trying to compete it but it does do the same thing as ETH.

But, I have ETH and none for BNB.

ETH 2.0 will pump it.
I can't say ETH is the best altcoin or will rise to moon with 2.0 but one thing I certainly agree with is that ETH has the highest use case and so many tokens are made on the ERC-20 blockchain that it feels like ETH is way ahead of others in terms of use cases.

I hold some BNB as well as ETH because BNB is always going to increase as Binance becomes more and more dominant in the crypto community and I don't have any survey results to back my statement but I believe at least 30-40% of the significant traders (those who trade big) are doing the trading on Binance, that is what I believe will make the BNB always constantly rising as they use BNB to reduce their fees on trading.

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November 12, 2020, 03:54:42 PM
 #48

I have invested in ETH. 524,288 ETHs are required for Eth 2.0 to launch. And one person needs 32 ETH. It must be held for 1 year after stake. So I think ETH pump soon.

But so far, there are very few people who want to freeze their Ethereum for 1 year. And this is because in addition to the fact that you have to send 32 ETH under the contract, so also, you will need to maintain a round-the-clock node. And if you can't do that, you will be fined.

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November 12, 2020, 03:59:57 PM
 #49

I have invested in ETH. 524,288 ETHs are required for Eth 2.0 to launch. And one person needs 32 ETH. It must be held for 1 year after stake. So I think ETH pump soon.

But so far, there are very few people who want to freeze their Ethereum for 1 year. And this is because in addition to the fact that you have to send 32 ETH under the contract, so also, you will need to maintain a round-the-clock node. And if you can't do that, you will be fined.

There are businesses and exchanges that would freeze the coins for you for some fees. But with the nice reward and unlimited supply, I don't think Ethereum would have a large price increase as increasing in price would decrease it's utility by increasing the transaction fees for tokens and smart contracts. So ETH should be in good supply in low in price to stay usable.
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November 12, 2020, 05:12:56 PM
 #50

BNB VS Eth - Invest in ETH since BNB is centralized

Eth is soon launching its version 2.0 but the fact is that that many blockchains are based in ETH, ETH is open source and less centralized despite the fact that binance has a working product (its centralized exchange) and its lending and dex platform. While the deFi will make the ETH bigger as you need ETH to lend the deFi tokens. So it is time to make your investment in ETH instead of buying BNB tokens which may fail anytime.

BNB known as a part of the best ethereum competitors now, maybe if we choose ethereum thats could be the best idea, but Binance coin also a good altcoin my friend, so, i prefer you to invest in Binance coin too altough this coin is more centralized than ethereum

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November 12, 2020, 05:33:07 PM
 #51

I wont say that BNB will lose to ethereum. the fact is that BNB is still a pretty good investment due to the good performance of their platform. as an investment, both are quite good but in terms of usability as well as long term maybe ethereum is a bit superior

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November 12, 2020, 07:13:15 PM
 #52

The majority of investors in the crypto market are only interested in profits, not much about decentralized or non decentralized coins. ETH and Binance are both good coins and have potential so investing in these two is a good investment.
With that said, I ain't investing in either. Bitcoin is the only crypto project that's actually decentralized.
Yes, up until now, only bitcoin is the only real decentralized currency. All the rest of the altcoins are created from a certain development team and they can manipulate it.


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InwardContour
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November 12, 2020, 10:58:10 PM
 #53

BNB VS Eth - Invest in ETH since BNB is centralized


I'm actually a fan of both projects, however saying people shouldn't invest in BNB because it's centralized doesn't really make much sense, the aim of investing is making profit after all. BNB also has solid product backings, Binance smart chain is cool too and curbs the absense of smart contract which was an initial drawback. I like the fact that some newer projects / blockchains sprout and try to compete with existing projects, this help to improve on overall blockchain architectures. Everyone should decide what coin to invest in, no one should pose as a financial advisor here.
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November 13, 2020, 04:10:59 PM
 #54

Both were good investment but ethereum is the best investment especially there is eth 2.0, this can make the price increasing if it is released so it is good gain more ethereum and hold until it release.
indeed both of them have very good potential for investment, but in this case you have to be able to choose the one that is the best, from this problem I prefer BNB which is very good for long-term investment because the price is still cheap and the influence of the limited supply, maybe BNB is the best.

But if ethereum 2.0 is launched and can cut the total supply of ethereum so that it has a limited and maximum supply then ethereum is the best, so we will see if in early December how the results of the project launched ethereum will be.

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November 13, 2020, 04:13:25 PM
 #55

BNB VS Eth - Invest in ETH since BNB is centralized

Eth is soon launching its version 2.0 but the fact is that that many blockchains are based in ETH, ETH is open source and less centralized despite the fact that binance has a working product (its centralized exchange) and its lending and dex platform. While the deFi will make the ETH bigger as you need ETH to lend the deFi tokens. So it is time to make your investment in ETH instead of buying BNB tokens which may fail anytime.
How about investing in both project? Care more about how much you will make in future than worries about centralized or not, BNb token is binance exchange token and it's not a small platform, 100$ per bnb token is highly possible in future, if I were you I'd buy both and keep in my wallet

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November 13, 2020, 04:15:22 PM
 #56

ETH is more decentralized but BNB is backed by CZ and his ecosystem, which is the engine of value for BNB. The problem I am concerned with now is that ETH's start-up fund is running low, while BNB has an abundant supply of partners and the profits from the Biance.com exchange.
Although ETH is more popular in everyday use, it is BNB that provides income and motivation for programmers. It is the programmers who bring the trend to the whole market.

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November 13, 2020, 08:06:56 PM
 #57

For me I will choose what coins that can give higher interest . If eth can give me large interest by staking why not , but if BNB can give more I think centralization will not be a big problem you are only taking that as an issue because of their exchange which is centralized.

I will enter my money for the project that I think can give me good profit  by investing in them whether it centralized or not.
That is right and actually USDT is one example how even centralized coins can have massive volumes as well because it currently ranks on no.3 at coinmarketcap which shows that traders and crypto investors are not deterred too much if the coin is centralized or decentralized as long as it is useful and serves a purpose for the crypto investors.

USDT helps people fix their portfolio while still remaining in crypto. So one can change their BTC into USDT and vice versa if they feel the market is going to go down or up based on that.

Don't know if many people invest in binance coin because it does not serve any purpose to people who do not use the Binance platform so it dos not have much to do with an average trader who doesn't trade on Binance.

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Octular
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November 13, 2020, 08:12:56 PM
 #58

Why not buy BNB if you belive in the company?
I'm bullish ETH, but I also have astake in BNB because I think Binance is doing a fantastic job building good services.
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November 13, 2020, 08:18:37 PM
 #59

BNB VS Eth - Invest in ETH since BNB is centralized

Eth is soon launching its version 2.0 but the fact is that that many blockchains are based in ETH, ETH is open source and less centralized despite the fact that binance has a working product (its centralized exchange) and its lending and dex platform. While the deFi will make the ETH bigger as you need ETH to lend the deFi tokens. So it is time to make your investment in ETH instead of buying BNB tokens which may fail anytime.

invest in both altcoins will be better buddy,
centralized or not binance coin has a lot of potential to grow more in the future, especially with burning actions in this altcoin
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November 13, 2020, 08:53:59 PM
 #60

BNB VS Eth - Invest in ETH since BNB is centralized

Eth is soon launching its version 2.0 but the fact is that that many blockchains are based in ETH, ETH is open source and less centralized despite the fact that binance has a working product (its centralized exchange) and its lending and dex platform. While the deFi will make the ETH bigger as you need ETH to lend the deFi tokens. So it is time to make your investment in ETH instead of buying BNB tokens which may fail anytime.

invest in both altcoins will be better buddy,
centralized or not binance coin has a lot of potential to grow more in the future, especially with burning actions in this altcoin

Agree!
And diversification is good. Don't put all eggs in one basket.
Me myself I try to keep about 10 coins in my portfolio

You can checkout my portfolio here and see my performance

https://altpocket.io/profile/Octular
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