Binance has been pumping BNB hard.
Was trying to analyse how on the correlation of BNB/BTC price since the correction( was trying to hedge against bitcoin drop by buying BNB token). It seems that someone on Binance is pumping BNB hard these few days. It almost doubled as of now from 23 December.
BNB chart for the week.
BTC chart for the week.
Depending on how you look. It may be something good to buy when most of the altcoins are down, or a price correction is coming after bitcoin completes the B2X fork.
One of the few coins rising now in a weak altcoin market.
The fact that it hit over $10 was insane. I only bought some of these tokes because I was already buying Walton on their exchange. I happened to split $100 between the two and wish I had put more haha :-D
I got my BNB tokens for 79 cents in Sept. by the way :-X
i thought something was wrong when it hits $8 , it was past bed time already and i was gonna sleep but then i saw it keep going up like so fast ... so i decided to buy some and i was so excited that i cant even sleep lol, its morning now :)
The fact it hit $8 dollars in such a short while was insane. Luckily you bought cheap token and get cheap trading fees :D
There's something very fishy about BNB. Maybe some insider trading things. They are just pushing up the value so more people are attracted!
Yeah, It seems fishy and I notice it days before so I decide to ride on it. It paid off but I think it's time to get out soon. Some people may thing otherwise though.
BNB is also very hot now because people are leaving exchanges like CoinBase/GDAX because of the issue with BCH and just the lack of variety of coins to trade. Bittrex doesn't advertise much either. I expect BNB to go up in short run
I leave Coinbase/GDAX quite awhile ago. Coinbase fees was horrible and support is non-existent. They still have yet credit me my 1 LTC since September. I gave up thinking I will get it back though.
The only thing good about GDAX is when they pump, sometimes there's a good chance for abitrage. That is all
well i am pretty happy that i gain some profit from the pump though, just ride the train, make some small trade and take the profit :)
Despite what i said above, i am pretty sure this coin will definitely prove it's worthiness especially these days where bitcoin (BTC) is so unstable and roller-coasting up and down.
Please share me your opinions ^^
Cheers
Good to hear that you gain some profit.
There's a dilemma there for me. I really don't mind BNB to rise. Can't stay stagnant always.
But it's abit too fast. Will cost more in trading fee when the token get more costly. (That's what my mind is thinking :l)
Hmm
lol i can see your point but dude do u know the trading fee on binance is like incredibly low (i am using binance so ya ). in my case, i am dealing with trades below 100, it costs less than 1 cent for each trades and if u are using BNB to pay for transaction fee u only pay half.
With these conditions, i dont understand what else are u still not happy with.
my point is as long as u get a trade above 1% change u can count it as profit. i usually do at least 5% change to ensure higher efficiency
Not unhappy, Just you know... Or maybe I'm just a penny-pinch. Hahaha.
I'm more unhappy not using BNB to trade earlier, It leaves many of my pair with less than 1 which I can't trade or withdraw(not cost efficient)
At current rate there's still quite some room for profit, whether using BNB as fee or just ride the wave I think. (until I see a red candle on a day chart)
good luck anyway :) wait a while for it to drop before i reenter off to sleep sooo damn tired