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Author Topic: BNB will remain valuable for a long time  (Read 2218 times)
perfect999
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April 25, 2021, 08:16:36 PM
 #161

Like ethereum blockchain crypto enthusiasts now are also trying to adopt and use Binance smartchain which make BNB more valuable like ETH and because of this I strongly believe that BNB will remain and constantly be more valuable as time passes by and it can out perform ethereum sooner.
Yes they have a made a smart move by creating a platform like that. The Binance Smartchain has been getting popular these days and there are lots of people now adopting and that’s contributing to the growth of it. I am foreseeing it is like a tough competitor for ethereum in the near future which will be getting more value for BNB for sure.

So, there are a lot of possibilities for BNB to remain highly valuable for long time than we could speculate so it will be a wise decision if we invest in BNB right now.
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April 25, 2021, 08:34:31 PM
 #162

Binance team are full of innovation, they saw the problem with ethreum network coupled with the huge Defi market, they just quickly created BSC using EtH address to simplify for users. BNB will stay formidable until ETH scalability issue is fixed.
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April 25, 2021, 09:35:57 PM
 #163

BSC has become a store of value for everyone. People bought BNB not only because of the pre-existing solution, but also because it offers far too many benefits to its token holders compared to other exchange tokens. The production costs would be excluded by BSC, causing the price to climb.Maybe BNB will reach $1,000 in the short term, and then the project will grow and, who knows, it will be able to take over the ethereum position as ethereum works to lower the rate.
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April 25, 2021, 09:38:18 PM
 #164

even the rumors say that bnb will beat ETH, i don't know but due to very high fee issues some eth users switch to bsc because it is cheaper.
And I also believe that the price of BNB will survive and even tend to rise in the long term.
You have probably missed seeing the fees right now. Yes, it was an issue before about Ethereum because of the high fees but this time, it's no longer the same
Check the gas fees and see that it had become cheaper this time.
(https://ethgasstation.info/)
That's still not cheap. I had about 20 bucks on my metamask so I wanted to check how much would it cost me to send it to my binance, I haven't done it in so long and didn't really care because it was just 20 USDT so it could stay there, who cares how much it would cost me. However when I checked it was still 6.5 dollars just to send that. I am not saying that it is still as bad as it used to be, at one point it was 45 dollars just to send it, so I would send 20 USDT and pay 45 dollars worth of ETH just do that, it was insane at some point and 6 dollars is still a lot better.

However we can't stay here and say with a straight face that 6 dollars is fine, BSC is doing it under 1 dollars, that is why picked them. Many people switched to BSC and that is why binance is having some trouble, the chain is overloaded because of all the people that came to BSC and that is one of the reasons why ETH is cheaper, because people are leaving.
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April 25, 2021, 09:52:03 PM
 #165

even the rumors say that bnb will beat ETH, i don't know but due to very high fee issues some eth users switch to bsc because it is cheaper.
And I also believe that the price of BNB will survive and even tend to rise in the long term.
You have probably missed seeing the fees right now. Yes, it was an issue before about Ethereum because of the high fees but this time, it's no longer the same
Check the gas fees and see that it had become cheaper this time.
(https://ethgasstation.info/)
Yes the fees for the Ethereum network transactions are though coming lower but still not comparable with the BSC transactions fees which is way less. I made some Ethereum transaction earlier today that cost me about $5 though I believe that was probably because it was weekend and I will continue to look at this within the week and another thing is, if not for the high Fees, most of those projects wouldn't have moved to Binance smart chain so the network fees have really affected Ethereum and I know BNB will probably continue to provide good services too cos they wouldn't want to be in Ethereums position.
That's the reason why many of the projects have moved to BSC because of the higher fees that Ethereum is asking for. The projects can't wait until it's fixed.
While the new projects, they're wise up to choose BSC for them to keep making their project pay a lesser fee than to adopt the high fee that Ethereum is experiencing, at least for now, ETH's fee had drop a bit.

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April 26, 2021, 12:25:36 AM
 #166

Glad you to know about that, just keep buying this coin and it will give you financial freedom in the future especially we're in discount period. The development of this coin is amazing and I think there is a great opportunity for BNB to become the biggest coin in cryptocurrency.

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April 26, 2021, 12:58:16 AM
 #167

-snip-
BNB will always be of value, as we see today, the team has developed the BSC to address the existing problem due to the increase in transaction fees on the DeFi platform on the ethereum network.
Binance exchange will provide a discount for BNB coin holders, in my opinion as long as the Binance exchange platform and the BSC network are used by many investors and developers, the price will continue to increase.

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April 26, 2021, 12:59:31 AM
 #168

BSC solves the problem of high fees and slow transactions, this alone is capable of boosting the price of BNB and making it valuable for a very long time. The Binance exchange is also doing everything possible to see their token at the top, there are actually adding features in the exchange which supports the growth and value of the coin for example their launch pad, to be able to participate in Binance launchpad you have to have BNB because most of the new token can either be bought or farm using the Binance token, another thing the exchange do is burning some of the tokens and we know the outcome of this action, which is to keep pumping the token all the way up.

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April 26, 2021, 01:06:57 AM
 #169

Since the lunch of the binance smart chain (BSC) the rate at which BNB increases is high, the BNB moves so fast and can even beat ETH price before the year runs out. Many holders plan to hold for longterm because of the strong believe BNB will keep rising and can be valuable or even worth more than ETH by 2022.

And I love the BSC because of the lesser transaction fees unlike ETH20
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April 26, 2021, 04:15:55 PM
 #170

Will your money be safe? Will they even honor your withdraws?
That is actually what is on my mind. I mean let's hope everything will be OK. But for me when i use exchange i usually not really think about that as long they are big site, i believe my money will be OK. Or maybe my option is use local exchanges that i maybe can reach them in real life if something happen.

And it should ALWAYS be on your mind. Don't think that just because your exchange has served you well for years doesn't mean they will never decide to mistreat you when things go bad. You will be the last person they think of when it comes to saving their ass if something bad happens. And no one can help you there when that happens.

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akar87
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April 26, 2021, 06:13:00 PM
 #171

Since the lunch of the binance smart chain (BSC) the rate at which BNB increases is high, the BNB moves so fast and can even beat ETH price before the year runs out. Many holders plan to hold for longterm because of the strong believe BNB will keep rising and can be valuable or even worth more than ETH by 2022.

And I love the BSC because of the lesser transaction fees unlike ETH20
I know when the first time launch price growing up but never forget with ethereum have been higher price right now, although BNB is exchange coin still have higher price for ethereum and never have any coin can replace and more valuable than ethereum, BNB good coin but never have chance become the same price with ETH.


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KryptoKings
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April 26, 2021, 07:58:04 PM
 #172

While BNB appeals to the wider crypto users because the binance smartchain currently seem to have overcome the biggest issue that most cryptocurrency users have with bitcoin ethereum and the ERC 20 blockchain tokens. This problem is the speed of transaction and and the cost of transactions.
This is a problem  that BSC currently solves, and while a lot of people might argue that BNB is not a fully decentralized coin, i think it is worth noting that a lot of users dont care much for how decentralized  a coin or token is, they just want the solutions they it offers.
This is why i think BNB an the BSC will remain very valuable in years to come
Given the pace at which bnb is going up in price, there is no doubt it can beat eth soon.
Many projects have moved to binance chain from Ethereum due to high fee and other issues.
Bnb is supported by binance and with every new token launched on binance launchpad, bnb price goes up because bnb holders get preference during launchpad sell.
This going to increase more in future.
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April 30, 2021, 05:03:26 PM
 #173

Glad you to know about that, just keep buying this coin and it will give you financial freedom in the future especially we're in discount period. The development of this coin is amazing and I think there is a great opportunity for BNB to become the biggest coin in cryptocurrency.
Yes, and now the price of BNB has also started to slowly increase again, this indicates that more and more people like BNB tokens so that it will be very suitable to have at this time and then hold it for the long term.
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April 30, 2021, 05:38:17 PM
 #174

yes BNB will continue to be a very valuable altcoin in the future, because as we know that BNB is the main rival of ETH and I think BNB is far superior to ETH, of course BNB's advantage lies in BSC which has a much cheaper gas fee than ETH. ETH, and BNB have already very large binance exchanges

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April 30, 2021, 10:18:05 PM
 #175

The major reason why Binance coin (BNB) is gaining enough value is because it offers the solutions to the difficulties people face with Ethereum network (speed and gas fees). But with the recent proposal made by ethereum to solve these problems themselves, I don't see why anyone would still choose BNB over ETH.

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April 30, 2021, 10:28:50 PM
 #176

The major reason why Binance coin (BNB) is gaining enough value is because it offers the solutions to the difficulties people face with Ethereum network (speed and gas fees). But with the recent proposal made by ethereum to solve these problems themselves, I don't see why anyone would still choose BNB over ETH.
binance has complete utility in crypto market, its not only talking about gas fee. ethereum could improve in next version , but binace has more than it. in IEO , we must hold binance to participate on it. have you ever look IEO history in binance, all of them gain profit more than 4x. and many reason that make binance holder increase day by day.

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April 30, 2021, 11:41:04 PM
 #177

BNB solves the issue people are currently facing with eth which is transaction speed and more especially gas fee for moving funds. And more especially, binance earning credibility within the past few months is also very vital to the growth of the value of BNB
cotton ball
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May 01, 2021, 01:25:20 AM
 #178

While BNB appeals to the wider crypto users because the binance smartchain currently seem to have overcome the biggest issue that most cryptocurrency users have with bitcoin ethereum and the ERC 20 blockchain tokens. This problem is the speed of transaction and and the cost of transactions.
This is a problem  that BSC currently solves, and while a lot of people might argue that BNB is not a fully decentralized coin, i think it is worth noting that a lot of users dont care much for how decentralized  a coin or token is, they just want the solutions they it offers.
This is why i think BNB an the BSC will remain very valuable in years to come
Of course, the problem of gas costs and transaction speed is very much needed by most investors choosing cheap gas fees and the fast binance coin process is the right solution and option at this time, the problem of gas fee fees on the ethreum is an opportunity to attract many investors to the binance smart chain today. It has a very high impact on the price of BNB which is getting more expensive and it has a very big impact on the Binance coin. You can see that Binance is currently the price is so strong and is increasingly catching up with Ethereum.
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May 01, 2021, 03:03:13 AM
 #179

BNB solves the issue people are currently facing with eth which is transaction speed and more especially gas fee for moving funds. And more especially, binance earning credibility within the past few months is also very vital to the growth of the value of BNB
-Launchpad
-Binance Smart Chain
-Cz

These three reasons make BNB as a community strong enough to stay on. Support from Cz today for the massive development of BNB through the Tweets he made. Every 2-3 months BNB launches Launchpad, where the price of tokens has increased significantly after listing on the market. This is a consideration for people to continue to hold BNB

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Maslate
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May 01, 2021, 04:37:20 PM
 #180

BNB solves the issue people are currently facing with eth which is transaction speed and more especially gas fee for moving funds. And more especially, binance earning credibility within the past few months is also very vital to the growth of the value of BNB
-Launchpad
-Binance Smart Chain
-Cz

These three reasons make BNB as a community strong enough to stay on. Support from Cz today for the massive development of BNB through the Tweets he made. Every 2-3 months BNB launches Launchpad, where the price of tokens has increased significantly after listing on the market. This is a consideration for people to continue to hold BNB

It's easy to attract traders as they are currently the biggest exchange, the hype is so high once a coin is listed in Binance exchange, so it's expected that the price will pump but it always depends on the situation as if its not a bullish period, the pump is just a short term and price will dump again.

However, it's expected that when season like what we are witnessing now will come again, coins in Binance are most likely the most pumped coins.

R


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