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

[Fredomago]

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.

Whatever you choose the important thing is you will earned out from your investment, I like to get your idea and I'm positive that both coins/projects will bounce and rally up again once the market experienced the bull season, so far, it will be your own take and will rely with how you understand the project.

In terms of Binance, they have established business and ecosystem that will allow them to expand and grow, we might see more market movement and price movement but better to do your hard research before taking side or choosing your investment.

[tvplus006]

...Please share your opinions ...

The BNB coin performed very well in the last bearish cycle, losing its value in relation to ATH by a little more than 2 times, which is even a better indicator compared to bitcoin. In addition, despite the bearish cycle, the BNB price has set a new ATH relative to BTC.

[Baofeng]

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 ...

I think when you open this thread, everyone is going down, including bitcoin who went as low as $15,500 because of the FTX fiasco.

Now though, the market seems to be recovering, bitcoin is above $17k as of this writing. BNB at $291, so I guess them losing value has stop already.

Public funds? they have shown Proof of Reserves but that is for another discussion and I think they have the funds to back their BNB token.

I guess just stick with bitcoin right now and put it on a wallet that you have control of.

[WalkerIVIV]

binance I assume will be fine, they are even very transparent in regard of their reserves, recently they try to disclose their reserve to the publics in purpose of gaining public trusts I guess, the thing with binance is that they are actively trying to become good exchange even though many calls many of binance action such as disclosing their reserves rather gimmicky still it's good gesture coming out from binance.
They are definitely miles better than the rest of exchanges existing out there.

[bitterguy28]

binance I assume will be fine, they are even very transparent in regard of their reserves, recently they try to disclose their reserve to the publics in purpose of gaining public trusts I guess, the thing with binance is that they are actively trying to become good exchange even though many calls many of binance action such as disclosing their reserves rather gimmicky still it's good gesture coming out from binance.
They are definitely miles better than the rest of exchanges existing out there.

this is a exchange currency so this will always be fine , but about the usage ? if we are regularly trading then it is best to have this but if not? what would be the return to all of us?
I believe that instead of having this as investment or holding? best to choose other coins .
but there is no doubt that the feature of binance about many things is very competent against other exchange.

[SquallLeonhart]

binance I assume will be fine, they are even very transparent in regard of their reserves, recently they try to disclose their reserve to the publics in purpose of gaining public trusts I guess, the thing with binance is that they are actively trying to become good exchange even though many calls many of binance action such as disclosing their reserves rather gimmicky still it's good gesture coming out from binance.
They are definitely miles better than the rest of exchanges existing out there.

this is a exchange currency so this will always be fine , but about the usage ? if we are regularly trading then it is best to have this but if not? what would be the return to all of us?
I believe that instead of having this as investment or holding? best to choose other coins .
but there is no doubt that the feature of binance about many things is very competent against other exchange.

I am not entirely sure if it will always be fine. It gets burned constantly from the fee that we pay, so the value keeps going up, the more you buy the more you spend on fee and the more you spend on fee the less it is available on the market. This means that it will always grow in scarcity and that means it will always be more valuable, even when it is not burned, it is on the burn wallet, waiting to be burned.

However, the fact that it is centralized means that it may not grow to be huge later on, and we should be careful about it as well. We know what could happen to companies, and we know what could happen if we just invest into a companies product basically.

[Anonylz]

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 ...

Your post is a replica of a useless FUD intended to create panic among gullible investors like you. How did you come.to the conclusion that bnb is losing value? Have you checked the whole market! Is bnb only the coin thatnis losing value?
My advice to you is sell you bnb before CZ will send you bankrupt ASAP.

[Vaskiy]

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 ...

Your post is a replica of a useless FUD intended to create panic among gullible investors like you. How did you come.to the conclusion that bnb is losing value? Have you checked the whole market! Is bnb only the coin thatnis losing value?
My advice to you is sell you bnb before CZ will send you bankrupt ASAP.

Rather than a FUD, it looks like the person had feared after the FTX incident. Nothing to get panic, when your funds are with a non custodial wallet. BNB haven't fallen in value. Going through the market it is possible to see BNB price increasing recently out of some marketing strategies from Binance. Other than that, bearish move is common trend prevailing in the market. Nothing to correlate.

[retreat]

the value of bnb has indeed decreased in recent times but that does not prove that the value of bnb will continue to decline, we have to look at the long term in the future. i believe that compared to SBF, CZ really pays attention to his platform and is quite careful in investing their money and continues to improvise on his platform, and because of that there are still many people who believe in the value of bnb in the future, including me, i really believe that binance will continue to survive in the market and will be even bigger in the future.

[Xal0lex]

1) BNB kept losing its value

It's a bear market, all assets are losing their value right now.

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

If the decline continues to follow bitcoin's decline, BNB's strong support is at $200 - $215.

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

If we're talking about venture capital funds, they were buying at such prices that even a drop to $50 wouldn't bankrupt them anyway.

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

Either way, I'm not going to sell at a loss if anything goes bad. HODL and waiting for the bullrun.

[rodskee]

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.

thanks for enlightenment mate , and yeah I think now I understand what is the true use of exchange coins? is there any chance that we will see these coin dying in the near future ?

though I am not a user of any exchange coins from the beginning and not even holder because i see nothing for those instead will keep bitcoin.

[btc78]

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.

Whatever you choose the important thing is you will earned out from your investment, I like to get your idea and I'm positive that both coins/projects will bounce and rally up again once the market experienced the bull season, so far, it will be your own take and will rely with how you understand the project.

In terms of Binance, they have established business and ecosystem that will allow them to expand and grow, we might see more market movement and price movement but better to do your hard research before taking side or choosing your investment.

It is Binance had developed a business and ecosystem  but the problem is that there are many of us that does not support a exchange currencies , because aside from we are not holding much funds in exchanges than in our safe wallets.

so with all of those? I think that the community has divided stand on these ,  so losing its value  or not ? for me I don't care about that matter because i only use those coins in some trading dealings and not permanently holding this.

[o48o]

I guess fud time is over now. According to Mazars audit Binance's bitcoin reserves are collateralized 101%

It will be interesting to see where's the fud coming next, after everything, including tether gets audited fully. People who are still accumulating will try anything to push markets down with baseless fud while they fill their bags.

My guess is they they start to scare us with some fringe anti-crypto politicians that have no real power over anything related to crypto. Anything that seems scary will drive people away even if it wasn't true.

[Bitstar_coin]

I guess what happened with ftx is making some people to think ahead  @OP if you fear for your investment in bnb why not sell them and buy btc, unlike bnb, btc is much safer and truly decentralized. Although Binance has been working hard to protect the interest of investors by introducing the Proof of Reserve concept to put the mind of investors at ease, you can always take extra precautions when t comes to assets.
So far i don't see bnb performing worse than the rest of the coins in the market, i think it is reacting according to the market movement just like every other coins. So there is no cause for alarm imo.

[Quidat]

I guess what happened with ftx is making some people to think ahead  @OP if you fear for your investment in bnb why not sell them and buy btc, unlike bnb, btc is much safer and truly decentralized. Although Binance has been working hard to protect the interest of investors by introducing the Proof of Reserve concept to put the mind of investors at ease, you can always take extra precautions when t comes to assets.
So far i don't see bnb performing worse than the rest of the coins in the market, i think it is reacting according to the market movement just like every other coins. So there is no cause for alarm imo.

Cant really blame out for people to have that kind of thinking or assuming up things because of things that happened in the market.Its really a common reaction which having those doubts and
hesitation on something because of the recent events and things that happened around the market.If you cant just trust up a certain coin then it would really be depending on you whether you do skip
out on investing or would really be just focusing on Bitcoin.So far there are still no hesitation basing up on overall volume and value. Decrease in price is really just that part of a normal day
here on crypto space.

[cryptomaniac_xxx]

I guess what happened with ftx is making some people to think ahead  @OP if you fear for your investment in bnb why not sell them and buy btc, unlike bnb, btc is much safer and truly decentralized. Although Binance has been working hard to protect the interest of investors by introducing the Proof of Reserve concept to put the mind of investors at ease, you can always take extra precautions when t comes to assets.

Can't blame them though, there are jitters around the market now, as you have said, this is the effect of the FTX collapse and other event like the Terra luna that we question everything, including BNB which is one of the top 10 altcoins.

So far i don't see bnb performing worse than the rest of the coins in the market, i think it is reacting according to the market movement just like every other coins. So there is no cause for alarm imo.

CZ is one of the most influential right now so I doubt that he will just his BNB becoming a trash project.

Yeah, so far there are no signs that it will go down very hard in this bear market. It will obviously survived, we just need to have patience if we are a investors of BNB because we will have to wait for the next bull run in order to make huge profit.

[Pierre 2]

Obviously BNB's last year performance was nothing but bad. It dropped from 560 levels to 200s once and generally moves between 250-300 now. But we should stop FUD. CZ is working very hard for his exchange and his coin to get public use. I feel like BNB Chain has one of the easiest uses in the world of crypto.
He still favors projects over binance to be funded by bnb holders. That will always help bnb to gain transaction. I really love how CZ is persistently fighting for his coin. BNB I feel, is safest investment besides Bitcoin, in whole crypto market.

[onecall123]

Obviously BNB's last year performance was nothing but bad. It dropped from 560 levels to 200s once and generally moves between 250-300 now. But we should stop FUD. CZ is working very hard for his exchange and his coin to get public use. I feel like BNB Chain has one of the easiest uses in the world of crypto.
He still favors projects over binance to be funded by bnb holders. That will always help bnb to gain transaction. I really love how CZ is persistently fighting for his coin. BNB I feel, is safest investment besides Bitcoin, in whole crypto market.

An advantage for a coin. Even though I'm happy with 300, I believe it will also reach 400 and even further. CZ will definitely handle BNB nicely, even though there is too much FUD surrounding it. Keeping my fingers crossed, I hope everything will be fine. Every quarter, a certain percentage of coins are burned until 100 million or so are left. There are some numbers on their white page, but I'm not sure what they are. Furthermore, burning coins increases the value of the existing coins.

[janggernaut]

Obviously BNB's last year performance was nothing but bad. It dropped from 560 levels to 200s once and generally moves between 250-300 now. But we should stop FUD. CZ is working very hard for his exchange and his coin to get public use. I feel like BNB Chain has one of the easiest uses in the world of crypto.
He still favors projects over binance to be funded by bnb holders. That will always help bnb to gain transaction. I really love how CZ is persistently fighting for his coin. BNB I feel, is safest investment besides Bitcoin, in whole crypto market.

Try to look at other cryptocurrency, even Bitcoin, the father of coin already dropped from $69k to $17k now or around 77%. Compare it with BNB coin, which just dropped around 60% from $680 to $268 now. Even if you compare top 10 coins on CMC (beside stablecoins) , BNB has the lowest drop compared other coins.

FUD is FUD, BNB will going strong than ever, even this FUD bring us new chance to buy more BNB coin

[fullhdpixel]

Obviously BNB's last year performance was nothing but bad. It dropped from 560 levels to 200s once and generally moves between 250-300 now. But we should stop FUD. CZ is working very hard for his exchange and his coin to get public use. I feel like BNB Chain has one of the easiest uses in the world of crypto.
He still favors projects over binance to be funded by bnb holders. That will always help bnb to gain transaction. I really love how CZ is persistently fighting for his coin. BNB I feel, is safest investment besides Bitcoin, in whole crypto market.

Try to look at other cryptocurrency, even Bitcoin, the father of coin already dropped from $69k to $17k now or around 77%. Compare it with BNB coin, which just dropped around 60% from $680 to $268 now. Even if you compare top 10 coins on CMC (beside stablecoins) , BNB has the lowest drop compared other coins.

FUD is FUD, BNB will going strong than ever, even this FUD bring us new chance to buy more BNB coin

He said last year not this year. There was a quick bull run last year and good cryptos were supposed to rise but if BNB didn't do the same. Maybe there is something wrong with it but even without a bull, BNB should perform better because it was among the top coins and it was backed by binance.

This coin has a utility inside the binance exchange. Bitcoin is not comparable to BNB and it was normal that the drop of BTC is a little bigger than it because BTC is much heavier plus we are also in a bear market right now. Yeah, FUD is FUD and it has nothing to do with us who have a strong hands but I think I am guilty about those who got affected with it. They will sell and then we are only going to take the benefit.