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Author Topic: BNB will remain valuable for a long time  (Read 2218 times)
ecnalubma
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April 23, 2021, 11:13:28 PM
 #121

The gas fees problem that currently Ethereum is facing is the best opportunity for other blockchain network to showcase their scaling abilities and this is the opportunity that Binance take place. Binance smartchain might not be the best choice in the space in terms of scalability but it is enough to handle what Ethereum failed to do so.
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April 24, 2021, 12:34:20 AM
 #122

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
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.

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April 24, 2021, 01:42:49 AM
 #123

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

Not only valuable but will become the industry's innovator, they just solve one of the issues of Ethereum's and other coin's very high fee by launching a cross chain, I just withdraw my earnings on Betfury by using Binance smart chain and I saved myself $10 for using the Binance chain, no wonder Binance coin is increasing and it's a wise investment now.

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April 24, 2021, 05:38:33 AM
 #124

Are you guys saying if BSC never happened BNB coin won't be doing this good today? This coin has its value too but yes it may be around 300$ per BNb instead of ATH of 550$ or more but BSC won't reign forever because I believe that ETH will be back even more stronger and better

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April 24, 2021, 06:12:24 AM
 #125

1 thing that in my mind is since first is how if binance collapse, i mean we know BNB and BSC now have other function but i think at first it is from Binance Exchange right?  And then an exchange actually we not know when collapse (but i hope it is not) and people lose trust in that 2 coins.

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April 24, 2021, 07:58:40 AM
 #126

BSC has become the platform most sought after by developer and the majority of crypto users because the exchange fee is cheaper than the Ethereum platform. Developers are vying for attention from Binance, with the aim that their coins can be listed on the Binance exchange. If this really happened, then the potential for the BSC to shift Ethereum is even easier.
The ever-increasing development of the BSC gives a good signal for BNB, so that investor confidence will increase because BNB can provide them with great benefits in the future.

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April 24, 2021, 10:46:56 AM
 #127

I am sure that BNB will be more in demand in the future than ETH. First of all, there are huge transfer fees. Secondly, the speed of the transaction is not encouraging. Because of this, all new projects are made on the basis of BCS
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April 24, 2021, 11:42:05 AM
 #128

I am sure that BNB will be more in demand in the future than ETH. First of all, there are huge transfer fees. Secondly, the speed of the transaction is not encouraging. Because of this, all new projects are made on the basis of BCS
Many projects are currently being launched on BSC network for high transaction fee and low transaction speed of Ethereum network. We are also using BSC network ourselves. But ethereum developers are trying to solve this problem. You notice that ETH's transaction fee has started to decrease. And if this problem is fully solved, ETH network will become popular again.  So I don't think there will be more demand for BNB than ETH in the future.
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April 24, 2021, 12:59:29 PM
 #129

yes I agree with your opinion, BNB will continue to triumph in the future for a long time, because BNB has become an important part of the crypto world, not only because of the Binance exchange, but also because the BSC platform is far superior to ethereum, of course. with the advantage of cheap BSC gas fees compared to ETH

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April 24, 2021, 01:36:57 PM
 #130

Agree, i think BSC will dethrone ETH in the next few years and it will be so easy for BNB to take the second place in cmc from ETH, if ETH can't fixed the fee issue damn, it will be so bad for their future.
We are all worried about the high transaction fee of Ethereum network.  We were all looking for alternatives.  BSC has taken place in our minds by solving this problem. But Ethereum network is the most popular network.  It will not be easy to remove Ethereum from its position. Because the gas price of Ethereum network has started to come down. As a result, people will return to the Ethereum network.
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April 24, 2021, 01:46:48 PM
 #131

Agree, i think BSC will dethrone ETH in the next few years and it will be so easy for BNB to take the second place in cmc from ETH, if ETH can't fixed the fee issue damn, it will be so bad for their future.
We are all worried about the high transaction fee of Ethereum network.  We were all looking for alternatives.  BSC has taken place in our minds by solving this problem. But Ethereum network is the most popular network.  It will not be easy to remove Ethereum from its position. Because the gas price of Ethereum network has started to come down. As a result, people will return to the Ethereum network.
Since the inception of BSC, BNB has rapidly increased its market capitalization.  The user base and community to support BNB is very large, the BSC chain is also very smooth with low gas, faster.  But ETH still has a huge fan base, with the majority of defi-linked organic platforms resting on it.  Some news with Uniswap V3 is that they will reduce transaction gas fees to an unbelievable level.  If Uni can do this, there is no reason Ethereum 2.0 cannot meet this need.  It will, because BNB has the ability to ignite token burning but it's best to wait until EtH 2.0 launches.  We will expand the basis for proof.  Who will be the altcoin king?

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April 24, 2021, 02:11:20 PM
 #132

1 thing that in my mind is since first is how if binance collapse, i mean we know BNB and BSC now have other function but i think at first it is from Binance Exchange right?  And then an exchange actually we not know when collapse (but i hope it is not) and people lose trust in that 2 coins.

That's the question you should always be asking yourself for any coin and any service you use (and trust). It may all be going well for now, but what if the CEO dies? Or leaves? Or management changes?

What is their reputation nosedives and people start fleeing and withdraw everything?

Will your money be safe? Will they even honor your withdraws?

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April 24, 2021, 02:16:24 PM
 #133

Agree, i think BSC will dethrone ETH in the next few years and it will be so easy for BNB to take the second place in cmc from ETH, if ETH can't fixed the fee issue damn, it will be so bad for their future.
I agree with your opinion, ETH gas fee is very high and sometimes I'm not be able to transfer my tokens because of high fees especially if I have ETH in exchange or wallet. I feel bad for ETH network but I still believe that ETH could fix it. I know they do their best to fix it so that I'm not selling most of my ETH token and just trust the process. BNB will be valuable especially if they continue doing launchpad, airdrops, and being the best crypto exchange is the best about BNB. Quarterly burning event is the one of the best move that BNB do to increase its value.

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April 24, 2021, 02:36:12 PM
 #134

Agree, i think BSC will dethrone ETH in the next few years and it will be so easy for BNB to take the second place in cmc from ETH, if ETH can't fixed the fee issue damn, it will be so bad for their future.
I agree with your opinion, ETH gas fee is very high and sometimes I'm not be able to transfer my tokens because of high fees especially if I have ETH in exchange or wallet. I feel bad for ETH network but I still believe that ETH could fix it. I know they do their best to fix it so that I'm not selling most of my ETH token and just trust the process. BNB will be valuable especially if they continue doing launchpad, airdrops, and being the best crypto exchange is the best about BNB. Quarterly burning event is the one of the best move that BNB do to increase its value.
Not airdrop nor launchpad that gives a reason why BNB still valuable, it is because BNB exchanges protect that name and seem to be their reputation as well. We know BNB coin because of this and for a particular reason, this coin is always can be trusted for a short and long-term goal investment. And yet, we can't deny that BNB is started from scratch and it turns into something one of the most valuable coin in the crypto market.

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April 24, 2021, 08:09:44 PM
 #135

For others, BSC has become a store of value. People purchased BNB not only because of the solution that was already provided, but also because BNB provides too many advantages to its token holders when opposed to other exchange tokens.BSC will exclude processing costs, allowing the price to rise. Maybe, in the short term, BNB will hit $1,000, and in the long run, the project will develop, and who knows, it will be able to take over the ethereum spot while ethereum works to reduce the cost.
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April 24, 2021, 08:13:26 PM
 #136

Agree, i think BSC will dethrone ETH in the next few years and it will be so easy for BNB to take the second place in cmc from ETH, if ETH can't fixed the fee issue damn, it will be so bad for their future.
I agree with your opinion, ETH gas fee is very high and sometimes I'm not be able to transfer my tokens because of high fees especially if I have ETH in exchange or wallet. I feel bad for ETH network but I still believe that ETH could fix it. I know they do their best to fix it so that I'm not selling most of my ETH token and just trust the process. BNB will be valuable especially if they continue doing launchpad, airdrops, and being the best crypto exchange is the best about BNB. Quarterly burning event is the one of the best move that BNB do to increase its value.
They are working on fixing it right now, they are basically making sure that it will be fixed in July 14th with the eip 1559 change. Obviously it is not guaranteed and there could be some problems but the reality is that we could still have some sort of problem with miners who will decline to move to that, when people move to it the others will be forced to follow but it may take some time.

Remember crypto was built to be decentralized which means just because someone does something with a blockchain doesn't mean that everyone has to follow that, it just means whatever public decides to do will happen. This is why I think it is crucially important that eip 1559 gets accepted by everyone and used properly. Considering it will only charge what network needs and not what people are willing to pay, the price will definitely stay lower than now for gas fee's.

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April 24, 2021, 08:20:15 PM
 #137

BNB is a coin that will last the test of coin. It's a valuable coin. And as long as BNB survives, Bsc will continue to last
That is clear, because BSC is the official network of BNB, so it will also be almost the same as the Ethereum network, where when tokens like ETH still survive, the network platform will always survive in the crypto space.
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April 24, 2021, 08:26:51 PM
 #138

Yeah, I'm also a strong believer of bnb. There's no doubt that bnb has been very helpful and it's purpose in the industry has been felt by all. Ethereum transaction fee would have discouraged several persons especially the new entrants and low coin holders of the industry if not for the intervention of binance through the binance smart chain project.
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April 24, 2021, 08:52:51 PM
 #139

BNB has done so well, I really wish I’d have bought some when I first heard about the project. To be honest i thought it’d flop, the price has continued to moon. Damn I was dumb not to buy early.

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April 24, 2021, 08:58:25 PM
 #140

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
I think by Binance being one of the biggest platform in the cryptocurrency world is enough to make people to adopt their cryptocurrency/token, because they are going to believe in them to use their platform to push their token to a higher level.

So that alone is enough, and right from time BNB has been a really good token to invest in, because it keeps growing.

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