What you think about BNB?

[Thegreyhat29]

Do you think that this coin will reach a good and stable amount in the next 5 years?
I'm saying that because binance is biggest exchange of the world for crypto and maybe this thing is influencing BNB price with fees

 

[CryptoKujira]

Same answer with all questions about future pricing. Nobody has a clue what the price will be two weeks out from now. Next 5 years? Lol

1. There is no such thing as "Stable Amount" in any market, especially crypto. Look at BTC going from pennies to 20k and back down to 3k and now back to 8k. This market swings more wildly than any other market in the history of markets.

2. There are a lot of things in play for BNB price. But namely, does it have real world usage. As long as CZ keeps coming up with uses for it, then it should have some existence in the future. Could be worth $1 or less if entire market collapses again. Or it could be worth $100. No clue.

 

[awesomewebsites]

In 5 years, if crypto exists, I expect 99% of coins to be wiped out completely.

 

[KamBhai]

I do consider BNB is better than most coins.
At least Binance is showing a profit every quarter and to my knowledge, it's the only company which actually shows us some result.

 

[Bonata7]

Bitcoin is the safest bet (yet). In 5 years who knows ? Invest heavy on prominent coins + throw small amounts in those low cap coins. Alts are like gambling

 

[Dantello]

Safe bet? Far from it.

You never know what's going to happen, especially in the crypto industry which is evolving rapidly. Also Binance just recently got hacked and lost $40 million worth of funds, and you never know if there will be more to come..

BNB does not provide any actual value, the only benefits are discounts on the fees and higher referral rewards. Who knows if Binance will keep its momentum? There are loads of exchanges that have lower fees, some even offer free trading (such as Robinhood).

 

[CryptoKujira]

Be weary of ANY exchange that offers no fee trading. Only place I ever found to be legit free trades was Coinbase if you used LIMIT orders. But that is no longer free due to change in fee structure.

Do NOT use Robinhood for crypto. You can't withdrawal or transfer your crypto elsewhere. This goes against the very idea of crypto which is decentralization.

 

[bestspinner]

is it all time high now?

 

[Technabyte]

As some people has mentioned here, its impossible to predict the future price of anything, especially cryptocurrencies due to it volatile aspect. However, when you are investing you should look at the fundamentals of the investment. Here is some information on BNB:

The only usage of the BNB token before was trading fees but now there are many more use cases. In order to participate in Binance's initial exchange offering (IEO), you need to hold BNB for a certain period of time on the exchange. Also, since the recent release of the Binance Chain (their own blockchain), BNB is now to utility token of the network. In terms of use cases, it seems like there are more ways to utilize BNB. BNB is the token of Binance exchange which is now one of the biggest exchanges in the world and also there is Binance Chain which seems to want to compete with Ethereum. They also have Binance DEX (decentralised exchanges) but it will be interesting to see if Binance DEX can succeed or not. Also, some of the profits from the exchange is used to buy back bnb and removed from the supply.

This is not financial advice btw, just a few things about BNB. Do I think it will rise in the next 5 years? Well, I'll don't give advice on that.

 

[Val ii]

Do you think that this coin will reach a good and stable amount in the next 5 years?
I'm saying that because binance is biggest exchange of the world for crypto and maybe this thing is influencing BNB price with fees

Binance coin will be in the top 10. Five years from now.

 

[Conix]

Already bought BNB at 18$ and I doubled my money.

 

[Alexpaberla]

Remember that binance hold 50% of total bnb
Could be a great coin to invest or Could be risky

Bnb is not really Decentralized When The owner hold more than 50% of bnb ... Same with ripple and other “cryptocurrency” that was Pre mined before launch

 

[CryptoKujira]

Remember that binance hold 50% of total bnb
Could be a great coin to invest or Could be risky

Bnb is not really Decentralized When The owner hold more than 50% of bnb ... Same with ripple and other “cryptocurrency” that was Pre mined before launch

They will constantly hold a lot of it because it's used as trading fees on the exchange. If you own BNB when you make trades, the trade fee gets reduced and comes out your BNB holdings. A lot of savvy traders do this to reduce trade fees and increase profits.

But you do make a good point about any coin that is primarily owned (controlled) by one person. It's a dangerous game.

 

[guoguo914]

As some people has mentioned here, its impossible to predict the future price of anything, especially cryptocurrencies due to it volatile aspect. However, when you are investing you should look at the fundamentals of the investment. Here is some information on BNB:

The only usage of the BNB token before was trading fees but now there are many more use cases. In order to participate in Binance's initial exchange offering (IEO), you need to hold BNB for a certain period of time on the exchange. Also, since the recent release of the Binance Chain (their own blockchain), BNB is now to utility token of the network. In terms of use cases, it seems like there are more ways to utilize BNB. BNB is the token of Binance exchange which is now one of the biggest exchanges in the world and also there is Binance Chain which seems to want to compete with Ethereum. They also have Binance DEX (decentralised exchanges) but it will be interesting to see if Binance DEX can succeed or not. Also, some of the profits from the exchange is used to buy back bnb and removed from the supply.

This is not financial advice btw, just a few things about BNB. Do I think it will rise in the next 5 years? Well, I'll don't give advice on that.

The key to BNB is that it ties with the Binance exchange entirely. I see that as both good and bad. In a up market like now, BNB is probably the best asset to hold.

 

[CryptoKujira]

Funny that you asked this question before the Binance announcement that they will block the US. No way BNB will be available at the binance.us. With the way that CZ pumps the coin and uses it for lotterys to pump other coins, SEC would not look too kindly on that. And yet, it's moving steadily towards $40.

 

[WatchMaker]

Do you think that this coin will reach a good and stable amount in the next 5 years?
I'm saying that because binance is biggest exchange of the world for crypto and maybe this thing is influencing BNB price with fees

I think you are right.
Binance is the biggest crypto exchange in the world.
And Binance shows no signs of slowing down anytime soon.
Thus, Binance coin (BNB) is going to be a very good investment for the long term.

 

[TheMocro]

BNB will stay stable, but I fear the other coins will be gone.

 

[Thegreyhat29]

BNB on 14/7 is gonna burn coins does it will help price of coin to rise up?

 

[brownsugar890]

crypto is a big gambling, people cant say if it will stable coin or not

 

[rvsharma]

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