What is your take on Binance coin (BNB).

[Rruchi man]

To properly indulge in this discussion, it is best to spell out some key points about the subject matter (Binance Coin) first, to bring everyone up to speed.

- BNB was created by Binance in July 2017.
- BNB started at price level of approximately $37 this year 2021.
- BNB now has a market cap of $50billion making it the third digital currency in the world to do so.
- BNB is now the third most valuable coin in the world and is predicted to topple Ethereum soon.
- In the last 13 weeks, BNB has recorded over 800% increment and has recorded a new ATH of 400$.

___________________________________________
Questions for discussion:
(a) To invest in BNB, is it a good long term investment strategy?

(b) Explain the reason you think BNB may or may not be able to sustain
      it's position as the third most valuable coin currently?

(c) Will you trade all your Ethereum for BNB?

(d) Is there a possibility that BNB will topple ETH soon as the second
      most valuable coin?

[Marykeller]

BNB has proven herself strong since her creation. Ever since the bull season started this year, all the top altcoin has shown a tremendous increase in price which the ethereum coin is not left out. I believe that in the crypto world weak coins will diminish if not able to meet up. I don't see ethereum showing herself weak or ready to drop as the second most valued coin after bitcoin

[Kitaiev]

(d) Is there a possibility that BNB will topple ETH soon as the second
      most valuable coin?

Shouldn't dream that bnb will overthrow eth. Ethereum will solve its main problem in the near future and bnb will lose part of the capitalization that came to it from the ether. Bnb is now like Ethereum in 2017.

[Yogee]

(a) To invest in BNB, is it a good long term investment strategy?

(b) Explain the reason you think BNB may or may not be able to sustain
      it's position as the third most valuable coin currently?

(c) Will you trade all your Ethereum for BNB?

(d) Is there a possibility that BNB will topple ETH soon as the second
      most valuable coin?

a. You have to read on the future plans of CZ for the entire Binance ecosystem. What's sure now is that they have a lot of products where BNB is utilized.

b. I won't if I had them both but let's look at the comparison,
- ETH at $2000 while BNB at $400
- ETH has unlimited supply while BNB has finite supply with quarterly burn program.

BSC and Ethereum looks similar but the latter is decentralized as fan boys would argue.

c. Everything is possible. It is the market that will decide on that.


P.S.
What's with your formatting?

[decodx]

(d) Is there a possibility that BNB will topple ETH soon as the second
      most valuable coin?

Well, I don't think so. Simply put, BNB is a development stage project, while Ethereum is a mature one. I'm not saying one is better than the other, I'm just saying they are different. And when I say mature, I think about the code, the APIs and the customer experience – not just the technology.

[blockman]

To properly indulge in this discussion, it is best to spell out some key points about the subject matter (Binance Coin) first, to bring everyone up to speed.

- BNB was created by Binance in July 2017.
- BNB started at price level of approximately $37 this year 2021.
- BNB now has a market cap of $50billion making it the third digital currency in the world to do so.
- BNB is now the third most valuable coin in the world and is predicted to topple Ethereum soon.
- In the last 13 weeks, BNB has recorded over 800% increment and has recorded a new ATH of 400$.

___________________________________________
Questions for discussion:
(a) To invest in BNB, is it a good long term investment strategy?

(b) Explain the reason you think BNB may or may not be able to sustain
      it's position as the third most valuable coin currently?

(c) Will you trade all your Ethereum for BNB?

(d) Is there a possibility that BNB will topple ETH soon as the second
      most valuable coin?

a. Yes
b. It is sustainable because Binance is one of the biggest exchange and it can help sustain its BSC network. But the problem is the centralization that breaks the purpose of crypto.
c. I won't.
d. Likely but I don't see it happening anytime soon.

[XUR_TIP]

The power belongs to ETH still, the reason why bnb feels like the best right now is because new projects are trying to avoid the gas issue on ethereum network when ETH solves this problem things will get even better with ETH and BNB will crawl back into it's hole, ETH and BNB aren't of same league

[bonyaserg]

In my opinion, Binance Coin is a very promising coin that can bring good profits in the future. Since the coin was created on the Binanc platform and, accordingly, this is the most active exchange and achieves great success in development. Thanks to the most popular exchange Binance, Binance Coin will always be relevant and in demand in the cryptocurrency market. So I believe that at the moment the coin is developing and achieving great results. And you need to use this chance to get more profit.

[Cappex]

I think BNB has achieved this great success because ethereum is not ready to offer a cheap and accessible user experience but I believe it is a matter of time.
I personally chose KCS, definitely underestimated and I believe that in the future we could see parallel ecosystems to BNB and ETH.
KCS is now BNB in 2018

[Scripture]

BNB proves that even a CEX can offer a real deal in this market and because of this I’ll continue to hold until it reach the price of $1000, I know there’s a lot of big things still coming to BNB platform, for sure they’ll keep on innovating.

[crzy]

I’ll answer all the questions with a YES aside from selling your ETH to buy BNB. This project comes a long way from being an ordinary exchange and become the best exchanges over the past years. They keep innovating, they introduce a lot of ways to raise funds and now they are doing great with their smart chain, I see a big future with BNB so keep increasing your holdings.

[Jaered]

I think Binance coin has the developers and knowledge base to topple Ethereum, though its going to be a bloody battle for alt supremacy

[plexasm]

BNB = ETH with a better monetary system, more efficient, faster, cheaper since it does not need to pretend to be decentralized.

BNB is basically ETH2.0 but you don't need to wait until 2024 for it

Binance the biggest crypto exchange in the world has huge incentive to get users to start using BNB instead of ETH

ETH at $2100 might seem impressive, but from the perspective of ETHeads who think it should be $20,000, it's a massive disappointment and it's still in a 3 year bear market against Bitcoin

CZ is the ETH killer

[kramchers]

To properly indulge in this discussion, it is best to spell out some key points about the subject matter (Binance Coin) first, to bring everyone up to speed.

- BNB was created by Binance in July 2017.
- BNB started at price level of approximately $37 this year 2021.
- BNB now has a market cap of $50billion making it the third digital currency in the world to do so.
- BNB is now the third most valuable coin in the world and is predicted to topple Ethereum soon.
- In the last 13 weeks, BNB has recorded over 800% increment and has recorded a new ATH of 400$.

___________________________________________
Questions for discussion:
(a) To invest in BNB, is it a good long term investment strategy?

(b) Explain the reason you think BNB may or may not be able to sustain
      it's position as the third most valuable coin currently?

(c) Will you trade all your Ethereum for BNB?

(d) Is there a possibility that BNB will topple ETH soon as the second
      most valuable coin?

I had no doubt for the performance of what BNB doing now in the market, where most of the new projects are now getting used the platform BNB and most of often BSC, but it doesn't mean BNB can the place of ETH, they may have both facing the issue problems, and I know both BNB and ETH can resolve it, I am pretty sure about that things. So, for me both are still good trade in any of the exchange platform at the moment.

[plexasm]

I had no doubt for the performance of what BNB doing now in the market, where most of the new projects are now getting used the platform BNB and most of often BSC, but it doesn't mean BNB can the place of ETH, they may have both facing the issue problems, and I know both BNB and ETH can resolve it, I am pretty sure about that things. So, for me both are still good trade in any of the exchange platform at the moment.

BNB does not have the same issues ETH does. It's already doing 3x the transactions, and fees are practically nothing. It's less distributed than ETH, but obviously the market doesn't care about that anyway. If regulators ever attempt to shut down projects on BNB, projects on ETH are just as vulnerable

[CaVO32]

-
___________________________________________
Questions for discussion:
(a) To invest in BNB, is it a good long term investment strategy?

(b) Explain the reason you think BNB may or may not be able to sustain
      it's position as the third most valuable coin currently?

(c) Will you trade all your Ethereum for BNB?

(d) Is there a possibility that BNB will topple ETH soon as the second
      most valuable coin?

To answer your queries based on my opinion-
(a) Right now, it seems investing in BNB for long term is a good one. They have huge potential from the way I see it because of their diverse products on their platform. And they are continuously innovating their products and services section. I don't see them stopping anytime soon.
(b) Will not trade all my ETH for BNB. Some only. As the potential of ETH in the next coming months is also good because of their upcoming changes in the network.
(c) There is a possibility for BNB to topple ETH, however, not seeing this to happen in the near horizon. BNB has a lot of things to accomplish first before totally surpassing ETH.

[bitkanu]

a. it's a good strategy to invest in BNB for long term investment

b. it can sustain its position maybe forever consider there's no coin that can having various usability like BNB

c. If ethereum 2.0 will not meet the expectation and I personally will exchange it to BNB, I have exchanged some of my ether for BNB

d. There is always possibility for ethereumm to surpass ethereum soon

[tsaroz]

BNB is quite useful when I trade on Binance. And when people are trading in huge amounts, it does not makes much sense what price the coin is as the fees discount are converted and carried out in USD value. i.e. whatever the price, if you are buying small amounts of BNB to get a 25% of fee reduction, you are still in profit. But for long term buy and hold, I feel BNB is overvalued at the moment.

[Twinkledoe]

My take on BNB is that they have good future for at least the next few years to come. They are very fast in offering their new products. And right now, many crypto  users are trusting these financial products. With their SAFU in place, I guess a lot of its users are pretty confident with their funds sitting on this platform. But beating eth, not yet. But BNB is a very good choice to include in your investment portfolio. Just my 2 cents.

[CryptopreneurBrainboss]

Well we have seen similar question all over the forum but something about yours just feels different. Love the introduction on how you have outline how the project started and how far they have come. Now let considered someone saw you post and invested in both project as of when you posted this topic with equal capital.

Do note that I'm not implying that we should make random investment decision based on topic or other belief we see online but let assume the post was the reason why you research more and decision to invest in both project probably just for some experiment.

BNB would had obviously given more profit as it's currently trading above 50% from the price when this post was published. BNB is getting all the hype now so obviously it'll give higher returns that doesn't mean ethereum is a bad investment either, only time will tell which was the best.