BNB

I don't have a Binance stake unfortunately, but Binance is the 800 pound gorilla in Cefi. No other exchanges come close. Bitmex/Deribit has it's place, but for traditional exchanges the top dog is Binance and has been since 2018.

Don't be shocked if BNB goes multiples from here.
 
tsznecki said:
I don't have a Binance stake unfortunately, but Binance is the 800 pound gorilla in Cefi. No other exchanges come close. Bitmex/Deribit has it's place, but for traditional exchanges the top dog is Binance and has been since 2018.

Don't be shocked if BNB goes multiples from here.
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Coinbase IPO is being valued at $70B+ and could go $100B in this stock market environment

Binance already had an IPO in the form of BNB :D

I bought my share of the Binance BNB at about $125 each. Had to overcome my idiocy of not buying it at $1 in 2018

Binance of today is much different than the Binance of years ago, they have DEX, launchpad, Defi, Binance Smart chain, staking for BNB and other coins, cross chain interoperabilities, tokenized assets, etc

And it keeps growing.... Excuse the extreme Binance pump/shill but this guy explains it much better than me

 
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Here4money said:
Anyone care to explain the sudden explosion? Binance is a great company so I always thought holding BNB was a decent play, this last month though I'm not sure what moves Binance's been up to. Thought it was just another issuance but maybe they're building an infrastructure around the coin?
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BNB Defi projects are on fire!

https://elitetrader.com/et/threads/defi-going-bankless.349553/page-10#post-5327076



cesfx said:
I have 10 of them, bought for just over 200$ years ago... No idea on why is flying but I always thought it had potential.
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Started acquiring BNB on 2/12 in the low $130's, qty a little over 500 coins, acquired additional 556 BNB tokens on 2/16 when price was mid $120's, have a total of 1058 BNB's

Just hodling now, no plans to trade... There was emotional struggle of paying over 6 figures $ for that much BNB's when I could have paid about $1000 for it a few years ago. The struggle is not too difficult now since BNB has gone up a lot in value in less than a week
 
Here4money said:
Anyone care to explain the sudden explosion? Binance is a great company so I always thought holding BNB was a decent play, this last month though I'm not sure what moves Binance's been up to. Thought it was just another issuance but maybe they're building an infrastructure around the coin?
More...

High ETH gas and yield farming on CAKE and BAKE (not jk)
 
Trader Curt said:
BNB has transaction speeds of 1.4million transactions a second. Which is the fastest I've ever heard. Visa the credit card is only 65000 a second. Bitcoin only 4.6 a second.

I wouldn't be surprised if this token does start being used more for global payments. The problem is most exchanges aren't accepting it. And I don't think it's decentralized since Binance isn't decentralized, but I could be wrong
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CZ owns all the validators.
 
johnarb said:
BNB Defi projects are on fire!

https://elitetrader.com/et/threads/defi-going-bankless.349553/page-10#post-5327076





Started acquiring BNB on 2/12 in the low $130's, qty a little over 500 coins, acquired additional 556 BNB tokens on 2/16 when price was mid $120's, have a total of 1058 BNB's

Just hodling now, no plans to trade... There was emotional struggle of paying over 6 figures $ for that much BNB's when I could have paid about $1000 for it a few years ago. The struggle is not too difficult now since BNB has gone up a lot in value in less than a week
More...
How do you know you are not just fomo'ing into the trade and BNB is likely to underperform ETH going forward? I mean, its BNB is super popular right now, its parabolic. It might rise in fiat but could tank in ETH terms. If I got in BNB cheap (I didnt and dont own any) I would think right now is a good place to cash out a chunk and convert to ETH
 
Daal said:
How do you know you are not just fomo'ing into the trade and BNB is likely to underperform ETH going forward? I mean, its BNB is super popular right now, its parabolic. It might rise in fiat but could tank in ETH terms. If I got in BNB cheap (I didnt and dont own any) I would think right now is a good place to cash out a chunk and convert to ETH
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BNB is solid and not vaporware, ETH's been growing increasingly comfortable and not rolling out projects on a timely fashion, it's leaving itself unguarded.
 
Daal said:
How do you know you are not just fomo'ing into the trade and BNB is likely to underperform ETH going forward? I mean, its BNB is super popular right now, its parabolic. It might rise in fiat but could tank in ETH terms. If I got in BNB cheap (I didnt and dont own any) I would think right now is a good place to cash out a chunk and convert to ETH
More...

Sounds like a swing trade
 
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