Binance Coin losing its Value, What will happen to Public Funds

[talkoncrypto Official]

Hello Guys just checking BNB coin, losing the support, and investors and people are predicting it may further fall, as Binance CZ is solely relying on BNB , what will happen if

1) BNB kept losing its value

2) Till How much value (you think) that BNB can sustain

3) What will happen to public funds, will there be liquidity issue if BNB falls to a certain level

4) What will be your way to save yourself if anything goes bad..

Please share your opinions ...

[1713878052]

1713878052

[bittraffic]

Just like what happened to FTX, all will be liquidated. And we're all running to stablecoin to hedge assets again.
But BNB had dropped to $10 before 2020. If they dumped it all today, they will not be insolvent. It will however make them not trustworthy for doing this. There is no leak to Binance's book yet. Someone should if they can prove they are just swimming naked.

[Fara Chan]

Hello Guys just checking BNB coin, losing the support, and investors and people are predicting it may further fall, as Binance CZ is solely relying on BNB , what will happen if

1) BNB kept losing its value

2) Till How much value (you think) that BNB can sustain

3) What will happen to public funds, will there be liquidity issue if BNB falls to a certain level

4) What will be your way to save yourself if anything goes bad..

Please share your opinions ...

Not only Binance, Bitcoin is also currently experiencing a correction that is severe enough to cause its value to decline. There is still a chance that Binance will survive, but the trustworthiness is a bit doubtful after the FTX case came out in the media.

Leave the exchange for a while, sell some or all of the Binance coins if you have any doubts about their journey ahead, because there is no other way to save the assets we have, it is better to lose some than lose all. But it doesn't look like Binance will suffer the same problems as FTX, even though the suspicion of support from Investors is questionable. If we are really worried, then the step that must be taken is to sell all of these coins, before experiencing problems such as FTX.

[wmaurik]

Hello Guys just checking BNB coin, losing the support, and investors and people are predicting it may further fall, as Binance CZ is solely relying on BNB , what will happen if

1) BNB kept losing its value

2) Till How much value (you think) that BNB can sustain

3) What will happen to public funds, will there be liquidity issue if BNB falls to a certain level

4) What will be your way to save yourself if anything goes bad..

Please share your opinions ...

My opinion on that is to try moving this topic to the altcoin speculation section because there it would be more appropriate to discuss the issue or points of what you are asking.

What will happen to BNB if its value continues to decline is to lose some money for those who still keep BNB and maybe investors' confidence in BNB will also start to decrease if this continues, but I'm not sure that BNB will have bad luck by continuing to decline until to a certain point because CZ is a person who really cares for BNB as well as for the Binance exchange itself.

For the second and third points, I can't give a more precise opinion on the current conditions, but if it's to save yourself from a bad incident. I usually sell to stable coins so that the amount of my money does not decrease even though there is still an intention to buy back when I see conditions start to normal again, or hold on to wait for the next increase to occur in BNB.

[Plaguedeath]

Go check your portfolio, BNB price is increase 6% right now.

To be honest I'm just wondering why did you invest on this shitcoin? BNB is similar like FTT, it can be easily get manipulated since it's centralized. The price is stick with the exchange popularity and reputation, when the exchange lost it's popularity and reputation, the price of the coin will decrease.

I think many people are currently believe in Binance since they think Binance has full power to control the market, but don't forget Binance is centralized exchange, it's same like Mt.Gox and FTX.

[salad daging]

I see no problem with Binance and the coin has not lost any value I even checked the price of the coin is on an uptrend and almost back in the $300 range.

I don't think BNB will lose its value even though I don't hold this coin but CZ has made several efforts not to happen the same as FTX.
Chances are Binance can still survive.

I see from CZ's tweet they have added $1 billion USD dollars to add to their insurance fund, see here. https://twitter.com/cz_binance/status/1590214179696566274
https://www.binance.com/en/blog/community/our-commitment-to-transparency-2895840147147652626

One more thing never store assets on the exchange it's a safe way to stay safe from disaster exactly the same as FTX, even though Binance is safe enough I don't expect them to store money there.

[Tytanowy Janusz]

Hello Guys just checking BNB coin, losing the support, and investors and people are predicting it may further fall, as Binance CZ is solely relying on BNB , what will happen if

1) BNB kept losing its value

2) Till How much value (you think) that BNB can sustain

3) What will happen to public funds, will there be liquidity issue if BNB falls to a certain level

4) What will be your way to save yourself if anything goes bad..

Please share your opinions ...

BNB is one of the best performing coins of 2020-2023. Not only it was much stronger than bitcoin during  bull run it also was much stronger during bear market which is a phenomenon (altcoin that dumped far less than bitcoin durting devastating and long bear market). BTC/BNB price is at ATH. So you are wrong here saying that bnb is loosing value. It hold value the best from whole crypto industry.

Answer to questions:
1- nothing. We will just have better opportunity to accumulate more
2- how much it can dump? The lower the better. How long will binance survive? I don't think that bnb price will affect binance itself.
3- The fact that FTX was overleveraged scam that collapsed due to 1 tweet does not mean that binance is weak too. https://coinmarketcap.com/exchanges/binance/ - 70B founds on hold.
4- store coins on self custody wallets and accumulate more

[arwin100]

1) BNB kept losing its value

Normal happening especially bear market strikes since almost all coins and tokens will be drag to what bad condition happening on bitcoin.

2) Till How much value (you think) that BNB can sustain

No one can predict about what you ask since it possibly can go more lower or it will have a recover, chances are there but I think Binance still in good shape so price might provably go up if market will be in good situation.

3) What will happen to public funds, will there be liquidity issue if BNB falls to a certain level

Will be liquidated as other says.

4) What will be your way to save yourself if anything goes bad..

Sell and move on find another alternative coins which have good potential to hold and recover our losses there.

[Coin_trader]

BNB already bounce back now to 290+ after hitting the 250$ price support. I think @OP is just over reacting on the price movement due to the fact that CEX is hot in the eyes but the current price downtrend is due to Bitcoin sliding more to the lower lows on the past few days. I don’t see any unusual or anything that can be a red flag for a BNB holders besides for having a normal price downtrend due to the general market sentiment. I’m holding few BNB on my wallet too but I’m not that nervous no matter how much it dump because I know Binance is the top exchange.

CZ has lot of funds to place a liquidity for a price support. I doubt that he will allow BNB to lose value and failed like FTT since this is his arsenal.

[Woodie]

Hello Guys just checking BNB coin, losing the support, and investors and people are predicting it may further fall

Could this be suggesting that Binance has been found with a case to answer which is forcing interested parties to pull out BTW we all know that most if not all altcoins mimic the performance of bitcoin, and markets being generally bearish all coins should follow suit of being bearish at this point.

2) Till How much value (you think) that BNB can sustain

Still has the support to keep at fair value nothing crazy should be expected.

3) What will happen to public funds, will there be liquidity issue if BNB falls to a certain level

Binance is has emergency funds in place if it comes to this am certain a pump will happen but for now if you expecting negative sentiments that will affect Bnb exchange coins for a stablecoins and watch markets play out.

4) What will be your way to save yourself if anything goes bad..

Please share your opinions ...

For starters don't keep coins on an exchange to avoid any uncertainties , secondly stablecoins stablecoins stablecoins, if it's value you want to preserve move coins into stablecoins but don't panic just yet, keep Calm and see how markets behave.

[raidarksword]

I think CZ is way better than SBF especially on handling financial aspects on their respective exchange platform and too much greed of SBF it cost him his fortune. While CZ will have it's own criteria on how to handles such big company like Binance and I don't think BNB will losses its value because its one of the biggest blockchain ecosystem in the market and in fact CZ has more fund reserves to back up when everything goes sideways.

[irhact]

Hello Guys just checking BNB coin, losing the support, and investors and people are predicting it may further fall, as Binance CZ is solely relying on BNB , what will happen if

Those are just rumors as there's nothing wrong with Binance blockchain or the exchange, this rumors might just be angry fans of FTX that just collapse few weeks back mainly because of the tweets from Binance founder of wanting to sell their stakes in the exchange. This rumors might just be an act of revenge from them to want to bring down Binance exchange as a payback by spreading fake rumors to create fud as there seems to be nothing wrong with Binance.
If the coin was to decrease in price it's due to the market condition of the general market and not because Binance is experiencing any difficulties like hack or not been able to process withdrawal of customers funds as in the case of FTX exchange.

[sunsilk]

Hello Guys just checking BNB coin, losing the support, and investors and people are predicting it may further fall

The market is experiencing the bear market and that's why it can't skip it. Losing the support is normal at these times and even bitcoin has lost the known support before which is $17k because we've seen it down around $15k.

as Binance CZ is solely relying on BNB , what will happen if

1) BNB kept losing its value

2) Till How much value (you think) that BNB can sustain

3) What will happen to public funds, will there be liquidity issue if BNB falls to a certain level

4) What will be your way to save yourself if anything goes bad..

Please share your opinions ...

1. I think that there are still many investors that have faith on this coin and that's why when it keeps dropping in price, many will still buy for it.

2. No exact price but any price you have in your mind is possible.

3. I don't think so but the value will become lower. But anyway, if that happens, many still don't learn their lesson of not keeping that much money on an exchange.

4. Bitcoin and then withdraw everything that I've got there even cents, maybe.

[doomloop]

I think CZ is way better than SBF especially on handling financial aspects on their respective exchange platform and too much greed of SBF it cost him his fortune. While CZ will have it's own criteria on how to handles such big company like Binance and I don't think BNB will losses its value because its one of the biggest blockchain ecosystem in the market and in fact CZ has more fund reserves to back up when everything goes sideways.

For now, yes; we think he is better because binance and its coin are still in good condition. I remember people are so proud of sbf before because he is one of the youngest billionaire but look at him now, everyone hates him. It shows that is easy for the people to switch sides once trust is broken. If happens that cz made a wrong move and affected the company as a whole, the same thing can also happen.

For now, binance coin might be losing its value, that is due to the impact caused by negative events last time but if let say it collapsed for real. Of course, those who invest on it are going to lose and again it can cause a bad impact to other coins but it is not the end for the whole crypto.

[nimogsm]

Well, first of all, many investors and traders came out in dollars or another fiat.I'm including because it's more reliable at the moment.As for the binance, I would not worry about this, they have a reserve fund that is just designed for a negative scenario.The second point is that I would not hold most of my bank on any exchange right now.

[TimeTeller]

Well, first of all, many investors and traders came out in dollars or another fiat.I'm including because it's more reliable at the moment.As for the binance, I would not worry about this, they have a reserve fund that is just designed for a negative scenario.The second point is that I would not hold most of my bank on any exchange right now.

If people want to be careful with how things are happening right now, it is always best to get out your funds from the exchange.
But talking about binance, I believe they have very solid financial management. Just think of initially offering to buy the FTX.
However, once they learned where FTX is sitting right now, they bailed out. But it means, they have capability to buy a big exchange.

I think CZ is way better than SBF especially on handling financial aspects on their respective exchange platform and too much greed of SBF it cost him his fortune. While CZ will have it's own criteria on how to handles such big company like Binance and I don't think BNB will losses its value because its one of the biggest blockchain ecosystem in the market and in fact CZ has more fund reserves to back up when everything goes sideways.

For now, yes; we think he is better because binance and its coin are still in good condition. I remember people are so proud of sbf before because he is one of the youngest billionaire but look at him now, everyone hates him. It shows that is easy for the people to switch sides once trust is broken. If happens that cz made a wrong move and affected the company as a whole, the same thing can also happen.

For now, binance coin might be losing its value, that is due to the impact caused by negative events last time but if let say it collapsed for real. Of course, those who invest on it are going to lose and again it can cause a bad impact to other coins but it is not the end for the whole crypto.

It may be losing value but I don't think it will collapse. Remember, binance has their SAFU, so in case their clients are secure with their funds.

[goaldigger]

Well, first of all, many investors and traders came out in dollars or another fiat.I'm including because it's more reliable at the moment.As for the binance, I would not worry about this, they have a reserve fund that is just designed for a negative scenario.The second point is that I would not hold most of my bank on any exchange right now.

Liquidation and the market status probably the reason for the drop of Binance coin and also FTX issues affect them that much as well since they made some investments as well with them and not sure if they are able to liquidate everything with FTX. This is not the first time for BNB to drop on its value, most probably once the market recovers they will recover as well. The advised not to hold any crypto on any exchanges should still be done for your own safety, many knows what to do now.

[blockman]

Well, first of all, many investors and traders came out in dollars or another fiat.I'm including because it's more reliable at the moment.As for the binance, I would not worry about this, they have a reserve fund that is just designed for a negative scenario.The second point is that I would not hold most of my bank on any exchange right now.

Yeah, they've got the SAFU which makes the people confident that if anything bad happens to them, they can sustain it through that fund. But how much they've got in there?
With all that's collapsing right now and exchanges in the eyes of most, this is where Binance is being questioned if they'll be able to sustain things when the majority starts to collapse including their coin which can lose a lot of value during the bear market.

[el kaka22]

This is an assumption and nothing more. The moment you realize that you are assuming bnb coin is all CZ has is a wrong assumption, the quicker you will get out of this trouble. Sure BNB is a big part of what binance is, but the price could be 2 dollars each and they will do fine, and they did fine back when it was 2 dollars as well so it's proven.

The issue here is that people are looking at the coin of a company and assume that they have all their money in there, when in fact they usually do not, they have a lot less money in their own coin than people think they do. Binance has billions upon billions of dollars worth of investments in many other areas and they will be fine.

[roslinpl]

Now many things happening, So anything can be the cause of this things. FTX scammed the people funds, So they boosting the many coins like Solana. The FTX may do the transaction of their coin to buy the Binance coin. As I said, the price of Solana had started to increase to the very high value now. So it’s better to hold your coins in cold storage as compared to the exchange. Exchange can be closed and stole your money. Binance will start to take care of their coin value now. I had requested you to hold till the process was closed. Because patience is only key to win in the trading and in your life.