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RE: Not a good day to be an Altcoin owner...
BNB looks like it has been up the last three months. I have been reading Binance Coin a lot lately, what's the deal with this coin? Is it the latest craze?
BNB looks like it has been up the last three months. I have been reading Binance Coin a lot lately, what's the deal with this coin? Is it the latest craze?
It is one of the few coins actually backed by something. The coin is tied to the profits of the Binance exchange, likely the most profitable exchange in all of crypto. Plus they are finally moving the coin off the Ethereum chain and onto it's own.
By now, with that business-model and market volume should BNB coin stay "stable" or increase in the future.
Good question, it is anticipated it will increase in value. I am not so sure. I think more competition will eat into Binance's profits. Right now they have a kind of mote around their business. I don't think that lasts forever.
If their keep developing, focused on their customers needs and hardening their markets, they should be weaponize for future competition. For now!
To the generally deployment, we will often see that a today sucess or big player, will not be competitive anymore with further innovations.
So, fasten your seatbells, **We are just starting! **
Yep. Coinbase made over a billion in 2017. Now they are laying off staff... it changes quickly.
They will bring a debitcard for spending directly from their accounts, to the end this year in whole europe. Starting with UK this month...
That would be again, a competive argument here in europe. In asia there are more offers, mostly mastercard and visa, already today useful. (crypto.com)
If it worldwide possible to spend directly your money, makes it a lot easier. Young generations have already today entrance and the older generations imagine slowly the advantages and benefits. And a debitcard connected to your wallet is a big one! That could be the tipping moment...
Could be. I mean they may continue to dominate. I am just expecting that governments will make all the exchanges follow existing laws best they can. Which likely means exchanges that already are following all the laws will start to become more popular, I am talking like equity exchanges that start to focus on crypto. Fidelity, Ameritrade, and the like...
To ensure that nobody get fraud, this makes sense. The common user, with low experience has a better orientation. Future reglementations for cryptos, a whole different story. At the moment nearly effectless because of the national law systems, that can not prohibit decentral networks. It needs worldwide political standards, aproofing thousands of networks. Will take a long, long time... Good night fellow.