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

[Yaunfitda]

I just like how the OP started this thread before there was a huge FUD on Binance and it's BNB.

Because there have been reports that they don't have funds to back it up, but CZ reassure his clients that they have the money, but the withdrawals has taken place already. And he said that the billions of dollars of withdrawals is not the biggest for them since existence.

So yeah, I think this is just pure FUD but the damage has been done to the market already.

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[AmoreJaz]

I just like how the OP started this thread before there was a huge FUD on Binance and it's BNB.

Because there have been reports that they don't have funds to back it up, but CZ reassure his clients that they have the money, but the withdrawals has taken place already. And he said that the billions of dollars of withdrawals is not the biggest for them since existence.

So yeah, I think this is just pure FUD but the damage has been done to the market already.

they can always prove that there's no problem with their funds if people can withdraw funds from their platform without any problem in the coming days. also, they have SAFU in place, so i don't think they don't have funds as a back-up. but of course, we should not be too contented with what we are hearing or reading from the news. always secure your funds, get out from the exchange if you have no more transactions with them.

[Chato1977]

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 ...

funny huh?

Binance have not even a penny back in 2017 and if you check the historical value of this coin you will see that the price now is thousand times than the first value

https://coinmarketcap.com/currencies/bnb/

so How come that you get this idea of keep losing its value?

even bitcoin falls now, same as ethereum so how could you expect BNB to climb that good?

[len01]

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 ...

we all never know what will happen to BNB in the future. but what i know right now is Binance is trending FUD out there and some investors are afraid to invest in BNB causing the price to drop.
and we all know that Binance (BNB) has been around for a long time and they have a great community and team that will help fight that FUD.
but if an accident happens to Binance and customer funds, liquidity is likely to occur.
there is no other way than to keep your funds in any centralized exchange. it would be better if we keep our funds in our own cold wallet.

[wmaurik]

funny huh?

Binance have not even a penny back in 2017 and if you check the historical value of this coin you will see that the price now is thousand times than the first value

https://coinmarketcap.com/currencies/bnb/

so How come that you get this idea of keep losing its value?

even bitcoin falls now, same as ethereum so how could you expect BNB to climb that good?

Hope is not wrong, but it looks a little funny when it doesn't quite line up with the logic that many people think. Because the real thing that is more important to hope for is an increase in the price of Bitcoin, so that others can also go up like Ethereum and BNB. This I say based on what I see in the market when Bitcoin has decreased in price, where Ethereum and BNB have always struggled to increase on their own in the market.

[mdzahed134]

It’s a fud after collapsed FTX exchange, and i think a group of people’s targeted Binance, and i think a lot of BNB holders selling their coins because they're very concerned about their funds. But you know it’s now bearing market, mostly coins are decreasing, it’s not like that only BNB is losing the value.

[wmaurik]

It’s a fud after collapsed FTX exchange, and i think a group of people’s targeted Binance, and i think a lot of BNB holders selling their coins because they're very concerned about their funds. But you know it’s now bearing market, mostly coins are decreasing, it’s not like that only BNB is losing the value.

I still look at Bitcoin as a market reference more often than I look at altcoins including BNB. Because altcoins always seem more difficult to increase when Bitcoin is still experiencing price corrections and sideways. But try to see when Bitcoin is experiencing an increase, surely in the same period the altcoins will also start to increase in price, although in different percentages. And this shows that those who want to destroy cryptocurrencies need only greater panic among Bitcoin holders. Because when Bitcoin holders panic, others will also panic.

[fullhdpixel]

It’s a fud after collapsed FTX exchange, and i think a group of people’s targeted Binance, and i think a lot of BNB holders selling their coins because they're very concerned about their funds. But you know it’s now bearing market, mostly coins are decreasing, it’s not like that only BNB is losing the value.

I still look at Bitcoin as a market reference more often than I look at altcoins including BNB. Because altcoins always seem more difficult to increase when Bitcoin is still experiencing price corrections and sideways. But try to see when Bitcoin is experiencing an increase, surely in the same period the altcoins will also start to increase in price, although in different percentages. And this shows that those who want to destroy cryptocurrencies need only greater panic among Bitcoin holders. Because when Bitcoin holders panic, others will also panic.

That is what we believe that when BTC falls down the rest follows but there might be exceptions with it, I mean there must be a reason on why some coins still continues to go down. See what happened with Luna and FTT? This is why we shouldn't only depend on BTC when predicting but let us also investigate deeper.

BTC is different with the altcoins and tokens because BTC is fully decentralized while the rest of them can only be called as semi and there are some who are totally centralized. Other cryptos can collapse but not bitcoin and it will be hard to scare the bitcoin hodlers because they are mostly compose of pioneers who are here when BTC is still an infant.

[Fatunad]

It’s a fud after collapsed FTX exchange, and i think a group of people’s targeted Binance, and i think a lot of BNB holders selling their coins because they're very concerned about their funds. But you know it’s now bearing market, mostly coins are decreasing, it’s not like that only BNB is losing the value.

I still look at Bitcoin as a market reference more often than I look at altcoins including BNB. Because altcoins always seem more difficult to increase when Bitcoin is still experiencing price corrections and sideways. But try to see when Bitcoin is experiencing an increase, surely in the same period the altcoins will also start to increase in price, although in different percentages. And this shows that those who want to destroy cryptocurrencies need only greater panic among Bitcoin holders. Because when Bitcoin holders panic, others will also panic.

That is what we believe that when BTC falls down the rest follows but there might be exceptions with it, I mean there must be a reason on why some coins still continues to go down. See what happened with Luna and FTT? This is why we shouldn't only depend on BTC when predicting but let us also investigate deeper.

BTC is different with the altcoins and tokens because BTC is fully decentralized while the rest of them can only be called as semi and there are some who are totally centralized. Other cryptos can collapse but not bitcoin and it will be hard to scare the bitcoin hodlers because they are mostly compose of pioneers who are here when BTC is still an infant.

People arent still get used to when it comes to behavior of coins specially on a bearish market or on the time that Bitcoins value drops down? They are really that a fan of saying up things like
it is really over for *coin/token* this time without even trying to look out on whats the current market condition which is totally no sense.If we do speak about trends then it would be
understandable that most coins are really on bearish mode or into those bottom price and its not really just right to make out some presumptions that BNB is losing its value
just because of those rumors and events circling around.Just make yourself get used into these situations.

[wxa7115]

I still look at Bitcoin as a market reference more often than I look at altcoins including BNB. Because altcoins always seem more difficult to increase when Bitcoin is still experiencing price corrections and sideways. But try to see when Bitcoin is experiencing an increase, surely in the same period the altcoins will also start to increase in price, although in different percentages. And this shows that those who want to destroy cryptocurrencies need only greater panic among Bitcoin holders. Because when Bitcoin holders panic, others will also panic.

That is what we believe that when BTC falls down the rest follows but there might be exceptions with it, I mean there must be a reason on why some coins still continues to go down. See what happened with Luna and FTT? This is why we shouldn't only depend on BTC when predicting but let us also investigate deeper.

BTC is different with the altcoins and tokens because BTC is fully decentralized while the rest of them can only be called as semi and there are some who are totally centralized. Other cryptos can collapse but not bitcoin and it will be hard to scare the bitcoin hodlers because they are mostly compose of pioneers who are here when BTC is still an infant.

As much as some people do not want to admit it bitcoin is still the king of this market and this is going to remain this way for the foreseeable future.

Altcoins despite their claims are very heavy correlated with bitcoin, with one of the few cases in which those altcoins break away from this correlation is when they crash to never recover, and while BNB seems to still be a profitable coin at the same time the current FUD that we are suffering has affected the binance exchange in a significant way, then it is natural that investors are also worried about BNB as it depends directly on how well the binance exchange is doing.

[kotajikikox]

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.

do you think that the team does not act on this way?

lol the team always wanted Binance to be on top and be competitive to every crypto , this is why we must learn how  to manage anger and demanding because there will be more coming and this is normal in popularization.

Binance had survived for years, so lets take and wait patiently .


But looking at it now? Binance is recovering and sees like the storm is already passing .


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and also the main concern now is the issues coming from other countries and other areas of crypto after the settlement of CZ and the SEC.

[Sebas.tian]

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 your fund, and what investors are experiencing from BNB is a sign that the new CEO of BNB will not let the coin to lose value than to do everything possible within his capacity to increase the value of BNB in the future. I don't invest all my money in one coins, that is why I will not have any fear or worry if anything will happen to BNB but I know nothing will happen to BNB which was the reason the formal CEO of BNB hand over the position to the new CEO because there was a corrupt case against him. I will advice you to hold the one you have invested in BNB, and try other altcoins like Ethereum and XRP which are good coins that will multiple your income in the future.

[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.

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.

according to their announcement of reserves, even a little more than 1:1 https://www.binance.com/ru-UA/proof-of-reserves
the numbers are impressive. Of course, no one knows how the compensation mechanism will work in the event of a collapse. But I have not yet observed a massive outflow of users from the exchange, even against the backdrop of all the negative news.

[batang_bitcoin]

and also the main concern now is the issues coming from other countries and other areas of crypto after the settlement of CZ and the SEC.

Yeah, are the main concerns as of now and we can see that they're not really that much at all in terms of effect to BNB. While the exchange and CZ have already settled things with the US SEC.
I don't see any movement at all with the price of BNB. It doesn't move at all and stays the same but I like it when it goes like this because it's possible that we get a single blow that it would pump to $300 without any words but just a quick rally on it.
And then it stays there and a cycle will repeat until we get into the bull market.

[poodle63]

does the BNB current value have any strong relation to the binance reserve funds though I doubt that, i even doubt it will have something to do with public funds, CZ kept saying that "fund is safu" everytime there's some hacking incident and various such similar occurrence i guess he has learned to take care of public funds to not make the exchange collapse, the ftx incident should be a good lesson for many exchanges tbh.
as long as the exchange itself keep transparent and not trying to do something funny towards people's money then I guess the exchange will go strong.
even right now after BNB plummeted in term of value it still holding on at certain price point not just going straight into near zero like ftt so yeah I guess nothing of significance would be happening to them.

[peter0425]

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 don't know where did you happen to believe and get that Binance is losing Value? the last time I checked it is still above 200$ https://cryptonews.com/exclusives/5-bitcoin-books-for-kids-you-could-gift-christmas.htm and maintaining that position so not sure about that.

and asking till how much will the dump stops? I believe that it is now in the lowest(at least for December)

What will I do to save mine? I am not holding any BNB for now , instead I am planning to buy more once the price drops to 100$ level.

[kentrolla]

There is no second thought about what's gonna happen if BNB continues to lose its value, obviously it's going to end up like FTX if in case it keeps losing value and the people's funds will be liquidated as we have seen earlier with FTX. But I don't think it's going to happen anytime sooner with BNB as long as Binance dominates the CEX market and when they were in trouble they made CZ stepdown or CZ stepped down which rescued them from further damage to their reputation and I think the recent drop in value was related to controversies surrounding CZ and now things look smooth for time being.

[dansus021]

many bad news comes from the binance and I hear the recent one that BNB are going to hardfork https://www.binance.com/en/support/announcement/binance-will-support-the-bnb-smart-chain-bep20-network-upgrade-hard-fork-72a96837fd594fa7b0f5e5584dde6716 https://github.com/bnb-chain/bsc/releases/tag/v1.2.15\

I don't think bnb will lose its value at least for now because we can see that big projects like FTX and Luna is still exist considering the two of them are fail. Just take a look close of the news

[kotajikikox]

and also the main concern now is the issues coming from other countries and other areas of crypto after the settlement of CZ and the SEC.

Yeah, are the main concerns as of now and we can see that they're not really that much at all in terms of effect to BNB. While the exchange and CZ have already settled things with the US SEC.
I don't see any movement at all with the price of BNB. It doesn't move at all and stays the same but I like it when it goes like this because it's possible that we get a single blow that it would pump to $300 without any words but just a quick rally on it.
And then it stays there and a cycle will repeat until we get into the bull market.

added now is the news that they will be having a fork that I think will surely take effect in its value , aside from counting the countries that will put pressure to Binance team from mine to the whole world that they are operating.
now it is not the temporary movement that we are looking but the long term effect as  are those will favor the investors or will favor only the team, short to think but long to expect .

[irsykes]

It’s a fud after collapsed FTX exchange, and i think a group of people’s targeted Binance, and i think a lot of BNB holders selling their coins because they're very concerned about their funds. But you know it’s now bearing market, mostly coins are decreasing, it’s not like that only BNB is losing the value.

and it's true that CZ left the founder of binance, the SEC is really great. What I see is that there is something hidden in the SEC's goals. CZ's departure has an impact, whether the price of BNB in the future still has great potential as before. maybe it still has potential but not great. The community's enthusiasm for the CZ program has made many investors interested in BNB