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

[wmaurik]

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.

It is not recommended to store coins or some money in any exchange because the risk and level of security is very different from the wallet that we manage by ourselves. In the case of FTX, I think a lot of people have discussed it and many people know about it, but for the issue of upgrading to an altcoin like Solana, I don't think it's the only altcoin that's increasing now. You can see several other altcoins such as BNB, Tron, LTC, XRP and also several others, does that also have something to do with the case that happened with FTX?

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[maydna]

So far, BNB has been able to hold on, and even BNB had barely touched $300 (before this, BNB was able to hold on to $300 but since bitcoin has been on the decline, the price of BNB has also fallen). We don't know how deep the price may fall because BNB follows Bitcoin's movement, and if Bitcoin goes down, BNB will follow suit. To save ourselves, we don't need to keep coins or tokens in the exchange, and it is the recommended advice to avoid things we don't want. But if BNB loses value, the exchange may take a hit, so be careful.

[Fredomago]

So far, BNB has been able to hold on, and even BNB had barely touched $300 (before this, BNB was able to hold on to $300 but since bitcoin has been on the decline, the price of BNB has also fallen). We don't know how deep the price may fall because BNB follows Bitcoin's movement, and if Bitcoin goes down, BNB will follow suit. To save ourselves, we don't need to keep coins or tokens in the exchange, and it is the recommended advice to avoid things we don't want. But if BNB loses value, the exchange may take a hit, so be careful.

It's really a hard decision in terms of moving from your save assets, if you have binance coin and use it as your investment asset, if the value falls then you will be triggered to sell out but of you understand how the market might move once the issue with the entire crypto industry got resolve instead of selling maybe you will buy more and you will move your asset to a safe wallet.

It's always a good practice not to store your coin inside exchange. Whatever happens, you still have options, and it needs a lot of time. Never quickly judge the situation. Better to assess and go through your hard research.

[maydna]

So far, BNB has been able to hold on, and even BNB had barely touched $300 (before this, BNB was able to hold on to $300 but since bitcoin has been on the decline, the price of BNB has also fallen). We don't know how deep the price may fall because BNB follows Bitcoin's movement, and if Bitcoin goes down, BNB will follow suit. To save ourselves, we don't need to keep coins or tokens in the exchange, and it is the recommended advice to avoid things we don't want. But if BNB loses value, the exchange may take a hit, so be careful.

It's really a hard decision in terms of moving from your save assets, if you have binance coin and use it as your investment asset, if the value falls then you will be triggered to sell out but of you understand how the market might move once the issue with the entire crypto industry got resolve instead of selling maybe you will buy more and you will move your asset to a safe wallet.

It's always a good practice not to store your coin inside exchange. Whatever happens, you still have options, and it needs a lot of time. Never quickly judge the situation. Better to assess and go through your hard research.

When the market goes down, especially if it is deep down, we must be able to refrain from selling our coins because that means we will lose the money we used to invest. We can use that time to buy more so we can sell it when the price goes up high.

During this time, people tend to sell it quickly when the price drops sharply because they think the decline will continue with a lower price drop. But they often make wrong decisions because there are cases where when the coin goes down, it's just a small correction; after that, the coin's price can immediately increase. And we will be stuck in that condition if we can't analyze it properly.

[Wahyuihib]

I think people are probably over-predicting about the bnb coin.  But if I personally still believe in this coin, even though in reality what is happening right now is like this.  Moreover, the price of all coins is currently also experiencing a decline, including the experience of BNB

[crunck]

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 ...

Nothing will happen to bnb and binance, not only BNB will depreciate but you look at the market and tell me is there any coin that doesn't go down and even bitcoin. If you analyze BNB with bitcoin you will see something weird there. Compared to ATH bitcoin is down almost 80% but meanwhile BNB is down only 50%. that means BNB is being held quite well by CZ.

[mindrust]

All exchange coins are scam imo. It doesn’t matter if the issuer is binance or ftx. The idea is always the same. Ripping the exchange users off.

Why do they need these coins anyway? If it is a cheap solution they seek, There are hundreds of alts that are cheap. Doge and LTC are cheap and pretty safe.

The thing is, they need something they can control its supply which means they can pump and dump on you. They can’t do that with these old alts but they can manipulate you with these exchange tokens.

[inanilujimi]

1.Bnb is developed by the right person like Cz who really cares about the value of bnb tokens, he can definitely find a solution.
2. The bnb is very big now I doubt that there will be a big crash because a few weeks ago when there was a bnb hack they were able to fix it very quickly without causing too much panic.
3. I hope this never happens, because there is no good reason for such indication ads for binance exchange.
4. Always invest in money you can afford to lose.

[o48o]

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

First of all, what do you mean by CZ relying solely on BNB? I don't think that this is true in any level.

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

I don't understand this question. Are you asking how low bnb price can drop? To any level, it's not like they are using it as collateral.

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

What are these public funds you are talking about? And liquidity issue how? I think i am repeating myself but cz has said several times that they aren't using BNB as collateral.

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

Then i would exit all markets, or even short them. If binance would go down the whole crypto marketcap wouldn't recover for ages.

[abel1337]

1.Bnb is developed by the right person like Cz who really cares about the value of bnb tokens, he can definitely find a solution.
2. The bnb is very big now I doubt that there will be a big crash because a few weeks ago when there was a bnb hack they were able to fix it very quickly without causing too much panic.
3. I hope this never happens, because there is no good reason for such indication ads for binance exchange.
4. Always invest in money you can afford to lose.

Nothing is impossible. Even FTX is pretty reliable since then and they have a big investors that have trusted them as well as celebrities who promoted them because they seem trusted until the fraud was discovered and quickly the declaration of bankrupt and the plummeting of FTT. BNB is a centralized token and the disaster on FTT could happen in BNB even how trusted CZ look likes to people. Being big is not a factor, FTT is once big too and it is climbing the ranks of coinmarketcap but now it isn't even on top 1000 of CMC. At the current events happening today, It's pretty hard to trust any centralized tokens. 

[Oceat]

Is this your first time in crypto market?
Of course, every coin in this market that suffer from bear market will lose its value eventually but that's just normal if the coin has a potential such as the Ethereum or Bitcoin. They all losses their value as the bear market continue but somehow these coins are different from the other altcoins that we know since most of them either dead or left because the value didn't pump anymore even if the market is in the bull run.

[janggernaut]

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 ...

1. Look at the whole of crypto, it's on bearish market right now. Even for BTC it also down much more than BNB

2. It can beat ETH later

3. Nope, see recent binance safu on binance recovery funds which is $2billion now

4. i will buy as much as BNB you have and then F*** off

FTT is once big too and it is climbing the ranks of coinmarketcap but now it isn't even on top 1000 of CMC.

https://coinmarketcap.com/currencies/ftx-token/

It's still on #209 now, we know you are a big liar, so all of your posts are only spam post.

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.

FTX don't have enough money to buy BNB. It also have no point to them to buy BNB

Why do they need these coins anyway? If it is a cheap solution they seek, There are hundreds of alts that are cheap. Doge and LTC are cheap and pretty safe.

Doge $0.09 and LTC $70, where is the part of that pretty safe? If you say thats safe, go buy doge with all of your money now

[romero121]

Binance coin hasn't dropped down. From the day the thread have been created there is continued increase in the price. This price pumping is mentioned to be a hype from the Binance team. Even at this bear market such a big push is being done through the Binance launchpad token. The price of bitcoin is predicted to fall low, followed will be the price drop of Binance. To keep its market good at the time of market decline, the forward push done right now will help to maintain the level.

[TastyChillySauce00]

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

Where did you see that, the price of binance got appreciated almost 20% due to the launch of public safety funds. The price is also very strong at this moment.

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

It can't be determined as long as bitcoin will be increasing even more and binance coin will also increase too. This actually depends with the trend in the market.

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

Binance has been very transparent as it has so many reserved funds and it's not likely binance used the funds to gambling like what FTX did. I guess binance has anticipated the possibility for liquidity issue.

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

Just transfer your funds to your personal wallet. that will be solved any problems related with cex

[GreatArkansas]

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
(....)

I think one of the reasons why is this because also what happened to FTX Exchange and other centralized exchanges. People realized that even how reputable or big a trading platform exchange is, there is still a lot of possibilities it will go down.
But I noticed before when FTX started to fall, I saw some pumps happened on BNB (Binance token) but later on it started to dump.

[Pujangga]

Binance coin hasn't dropped down. From the day the thread have been created there is continued increase in the price. This price pumping is mentioned to be a hype from the Binance team. Even at this bear market such a big push is being done through the Binance launchpad token. The price of bitcoin is predicted to fall low, followed will be the price drop of Binance. To keep its market good at the time of market decline, the forward push done right now will help to maintain the level.

The Binance team should focus on making BNB continue to shine and soon become king, Binance has great potential because of the biggest market support, but when there is an exchange war it will have an impact on BNB so that it drops significantly.

[SirLancelot]

Binance coin hasn't dropped down. From the day the thread have been created there is continued increase in the price. This price pumping is mentioned to be a hype from the Binance team. Even at this bear market such a big push is being done through the Binance launchpad token. The price of bitcoin is predicted to fall low, followed will be the price drop of Binance. To keep its market good at the time of market decline, the forward push done right now will help to maintain the level.

The Binance team should focus on making BNB continue to shine and soon become king, Binance has great potential because of the biggest market support, but when there is an exchange war it will have an impact on BNB so that it drops significantly.

Will you like it when binance became the king of the whole crypto market? But what about btc? Don't tell me you don't like this coin. Well, what can I do? That was your decision but for me and many others, we will support btc up until the end and for us, btc will always be the number one and the king of cryptos.

I am not updated on binance coin's price but @romero121 just said that binance coin didn't drop down. It seems that binance is doing their best to not scare their investors. Well, they should because bnb is an exchange coin and many people are now having a trauma to the exchange coin/token due to what happened with FTX's FTT token.

[o48o]

All exchange coins are scam imo. It doesn’t matter if the issuer is binance or ftx. The idea is always the same. Ripping the exchange users off.

Why do they need these coins anyway? If it is a cheap solution they seek, There are hundreds of alts that are cheap. Doge and LTC are cheap and pretty safe.

The thing is, they need something they can control its supply which means they can pump and dump on you. They can’t do that with these old alts but they can manipulate you with these exchange tokens.

This pump & dump scheme applies to any coin or token that has big enough whales, especially on doge which you mentioned that has one unknown wallet with 28.10% of the coins. So i wouldn't be comparing BNB to that of all coins.

Also, even in LTC 6 addresses own 15.59% of the circulating supply. And may i remind you that time when Charlie Lee (the creator of LTC) dumped everything at the top of the bullrun?

I mean i see what you mean and you have a point with evenly distrubuted supply, but as you compared exchange tokens to these to as alternatives, i just had to point these issues out.

[wmaurik]

The Binance team should focus on making BNB continue to shine and soon become king, Binance has great potential because of the biggest market support, but when there is an exchange war it will have an impact on BNB so that it drops significantly.

Becoming a king is a very difficult thing for BNB even though the coin is fully supported by the exchange itself and also by several other exchanges, but it is still not enough for BNB to become king because BNB has to beat Bitcoin which clearly looks difficult because CZ himself also still really likes Bitcoin besides having to keep developing BNB continuously in a better direction.

And the price drop on BNB isn't necessarily due to an exchange war like you said, because Binance isn't at war with anyone but just trying to improve itself to be better than other exchanges. So the decline in the BNB price was due to the influence of market conditions that were still bad and also the influence of investors and traders who had not invested or purchased in large quantities because they still remembered that the bad conditions in the crypto space had not improved.

[tygeade]

Becoming a king is a very difficult thing for BNB even though the coin is fully supported by the exchange itself and also by several other exchanges, but it is still not enough for BNB to become king because BNB has to beat Bitcoin which clearly looks difficult because CZ himself also still really likes Bitcoin besides having to keep developing BNB continuously in a better direction.

And the price drop on BNB isn't necessarily due to an exchange war like you said, because Binance isn't at war with anyone but just trying to improve itself to be better than other exchanges. So the decline in the BNB price was due to the influence of market conditions that were still bad and also the influence of investors and traders who had not invested or purchased in large quantities because they still remembered that the bad conditions in the crypto space had not improved.

Bitcoin being so great is the thing that stays in the way of BNB becoming the king. It is not because BNB is bad, it is actually doing great compared to what the OP has said, it is clear that we are doing fine and it will keep doing fine as long as Binance does fine and I believe that Binance will keep on doing fine for a long time.

At the end of the day, it is not going to be that much of a big deal for bnb to grow, but while it does that, btc will grow with it and will keep its position. This isn't bad for us though, it means you could invest into bnb alone, or btc alone, or you could invest into both of them together and in anyway you would be making a profit.