Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Bobcrypto on April 13, 2021, 09:25:25 PM
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This is just my opinion on the current crypto market and it gives a great concern to every crypto enthusiasts. Certain coin was launched on two echanges, a tie 2 exchanges, but was also recently launched as a farming pool on the Binance launchpool. The said coin has been listed and already trading on these exchange at $6.7 before binance got it listed.
However, this coin having being trading on the other exchanges has to immediately bring down their already high trading prices( that is, $6.7) to the Binance current price of $1.2, less than one hour to the coin listing on the Binance launch pad. This is dramatic, and surprise to me that i have concluded that as BTC drives the market, Binance also drive exchanges prices. What do you think?
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I will not call it control per say except binance cz is a very smart guy and knows what are those things users are looking for to have a good experience and he provides, when binance stated back in 2017, there were already exchange like bittrex, kraken, pol as some of the top project already, but some how binance was able to turn things around, to me that's hardwork and dedication which has finally paid off.
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The current situation is extraordinary, new coins listed on Binance will give high returns up to 2x because there are many traders using the exchange, Bitcoin will always be the top choice on every exchange, because it is a coin that investors and traders are always looking for. , if I look at the buy and sell orders on the Binance exchange, everything moves quickly because the trading volume there is really high
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I am made to believe that almost all assets listed in Binance will be experiencing some good pumps but I guess there will always be exemptions to this assumption. Now, I would not say that Binance has something to do with the downplaying of that particular price in the story except if there are really existing proofs that it is being specifically targeted - I still have to hear a story on something like that happening in Binance. Yes, it is quite true that Binance is a very big player in the market and that it controls a big share but as to power wielding to the detriment of the projects under its umbrella well that can be a really different story. But nobody can deny the power that Binance is potentially holding on its hand in the same way that Coinbase has in the USA market.
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This is just my opinion on the current crypto market and it gives a great concern to every crypto enthusiasts. Certain coin was launched on two echanges, a tie 2 exchanges, but was also recently launched as a farming pool on the Binance launchpool. The said coin has been listed and already trading on these exchange at $6.7 before binance got it listed.
However, this coin having being trading on the other exchanges has to immediately bring down their already high trading prices( that is, $6.7) to the Binance current price of $1.2, less than one hour to the coin listing on the Binance launch pad. This is dramatic, and surprise to me that i have concluded that as BTC drives the market, Binance also drive exchanges prices. What do you think?
I think I agree with you,bitcoin is the centre of crypto currency and control the crypto market. that's true. I also see binance has controlled the exchange. Because binanceis teh number one of exchange and has biggest community. binnance is the biggest of exchange.
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You have made the right point. Bitcoin is currently controlling cryptocurrency currencies and Binary is controlling various exchange sites.Binance is one of the best cryptocurrency exchanges. At the top of today's popularity is the Binance Exchange.So it is easy to say that cryptocurrency currencies are controlling Bitcoin and various sites are being controlled by Binance Exchange.
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This is just my opinion on the current crypto market and it gives a great concern to every crypto enthusiasts. Certain coin was launched on two echanges, a tie 2 exchanges, but was also recently launched as a farming pool on the Binance launchpool. The said coin has been listed and already trading on these exchange at $6.7 before binance got it listed.
However, this coin having being trading on the other exchanges has to immediately bring down their already high trading prices( that is, $6.7) to the Binance current price of $1.2, less than one hour to the coin listing on the Binance launch pad. This is dramatic, and surprise to me that i have concluded that as BTC drives the market, Binance also drive exchanges prices. What do you think?
I agree with your conclusion here because that is what actually is happening these days. Binance SmartChain controls almost all projects and in terms of exchanges nowadays no doubt about that. Bitcoin dominance is quiet good and Ethereum fans are now going to Binance's BSC.
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This is just my opinion on the current crypto market and it gives a great concern to every crypto enthusiasts. Certain coin was launched on two echanges, a tie 2 exchanges, but was also recently launched as a farming pool on the Binance launchpool. The said coin has been listed and already trading on these exchange at $6.7 before binance got it listed.
However, this coin having being trading on the other exchanges has to immediately bring down their already high trading prices( that is, $6.7) to the Binance current price of $1.2, less than one hour to the coin listing on the Binance launch pad. This is dramatic, and surprise to me that i have concluded that as BTC drives the market, Binance also drive exchanges prices. What do you think?
I agree with your conclusion here because that is what actually is happening these days. Binance SmartChain controls almost all projects and in terms of exchanges nowadays no doubt about that. Bitcoin dominance is quiet good and Ethereum fans are now going to Binance's BSC.
today, many Ethereum fans have started using binance Smart Chain just for the benefit of cheap transactions. thus they develop their project with the help of this chain, but later everything returned to Ethereum, When the Ethereum 2.0 update is completed. In addition, you need to take into account the fact that with the popularity of Smart Chain binance, the price of bnb will increase, and accordingly the cost of transactions will increase, as in the case of Ethereum.
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I agree with this statement. I really like Bitcoin and I also love Binance. they are both exciting things in crypto and excite me. So I always support both of them.
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Bitcoin is not controlling the market. The main thing is the majority of the investors or traders trust in Bitcoin so they invested and about Binance exchange We have good liquidity on Binance on most of the pairs so most of the traders give priority to the Binance exchange for easy trade execution apart from this there are many other exchanges that have good no of traders associate with. It is true that most of the coins that list on Binance are better chances of good price movement.
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today, many Ethereum fans have started using binance Smart Chain just for the benefit of cheap transactionsWhen the Ethereum 2.0 update is completed. In addition, you need to take into account the fact that with the popularity of Smart Chain binance, Bitcoin dominance is quiet good and Ethereum fans are now going to Binance's BSC.
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This is just my opinion on the current crypto market and it gives a great concern to every crypto enthusiasts. Certain coin was launched on two echanges, a tie 2 exchanges, but was also recently launched as a farming pool on the Binance launchpool. The said coin has been listed and already trading on these exchange at $6.7 before binance got it listed.
However, this coin having being trading on the other exchanges has to immediately bring down their already high trading prices( that is, $6.7) to the Binance current price of $1.2, less than one hour to the coin listing on the Binance launch pad.
Are you really talking about the Binance launch pad where they conduct token sales? How is that possible when the coin is already actively traded? Or do you simple mean Binance exchange listing?
This is dramatic, and surprise to me that i have concluded that as BTC drives the market, Binance also drive exchanges prices. What do you think?
I won't say anything until you mention the other exchange and also the name of the coin. It's a bit unfair for Binance when you limit the story.
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Bitcoin is not controlling the market. The main thing is the majority of the investors or traders trust in Bitcoin so they invested and about Binance exchange. In addition, you need to take into account the fact that with the popularity of Smart Chain binance, the price of bnb will increase, and accordingly the cost of transactions will increase, as in the case of Ethereum.
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i have concluded that as BTC drives the market, Binance also drive exchanges prices.
BTC and Binance have their roles in the crypto market. It is normal because Bitcoin is the strongest coin and Binance is the best exchange in the world. Bitcoin can drive the market, it is true since the price of Bitcoin can influence other crypto coins. The impact, Bitcoin price can trigger what trend to happen in the market. While for Binance, I am not really sure if it can drive exchange prices. It probably leads to temporary impacts on the price, but not really sure about the long-term impacts.
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I think that the reason why is like that is because binance has build alot of integrity in the minds of people over the years of their existence in the Cryptocurrency industry that makes binance look like they control the crypto exchange, but all the coins plays a major role in the industry.
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Binance does not control exchanges, it is the largest of the exchanges, which is very different. The owners of Binance have managed to attract users, they have managed to create their native currency and they have known very well what things they should buy (Coinmarketcap). Daily volume in millions of dollars and marketing do the rest.
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In early April, insurance companies Liberty Mutual and Starr Insurance invested $ 100 million in the New York Digital Investment Group investment fund. The bitcoin rate will recover and continue to grow.
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This is because Binance is a huge platform within Cryptocurrency, so anything Binance has to do with the power to go up. Likewise with new Crypto tokens or coins, when the token is released on Binance, the public believes the price will go up. Automatically they buy these tokens, which of course will cause high demand and automatically encourage an increase in price. So now Binance really has the power like BTC in this Cryptocurrency.
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We know that bitcoin is one of the best popular coin in cryptocurrency market.so it's called the king of cryptocurrency. Because it's price is very high level to another.But I don't think that bitcoin control the cryptocurrency market. Because others crypto will ranover in cryptocurrency market.we know that binance is the best exchange in the cryptocurrency.But we don't beloved that binance exchange control the market.
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This 2 great asset you mentioned have stand the text of time and survived, btc is more than 10 years of existence and since the beginning was fighting to be alive despite all criticism, binance also came in when some exchange were already at their peak, but binance strive and work its way to the top, so if they are both I'm control today is because they work hard for it and deserve it.
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We know that bitcoin is one of the best popular coin in cryptocurrency market.so it's called the king of cryptocurrency. Because it's price is very high level to another.But I don't think that bitcoin control the cryptocurrency market, I am not really sure if it can drive exchange prices. It probably leads to temporary impacts on the price, Bitcoin dominance is quiet good and Ethereum fans are now going to Binance's BSC.
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This is because Binance is a huge platform within Cryptocurrency, so anything Binance has to do with the power to go up. Likewise with new Crypto tokens or coins, when the token is released on Binance, the public believes the price will go upThe bitcoin rate will recover and continue to grow.
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This is because Binance is a huge platform within Cryptocurrency, so anything Binance has to do with the power to go up. Likewise with new Crypto tokens or coins, when the token is released on Binance, the public believes the price will go upThe bitcoin rate will recover and continue to grow.
Yes, you're right binance controls the market, because binance has hugh platform within crypto currency. Bitcoin is always be the King of crypto currency and control the market. Because bitcoin is trend center, as many people said here.
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it's called the king of cryptocurrency. Because it's price is very high level to another.But I don't think that bitcoin control the cryptocurrency market . But we don't beloved that binance exchange control the market.
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We know that bitcoin is one of the best popular coin in cryptocurrency market.so it's called the king of cryptocurrency. Because it's price is very high level to another.Bitcoin dominance is quiet good and Ethereum fans are now going to Binance's BSC.
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This is because Binance is a huge platform within Cryptocurrency, so anything Binance has to do with the power to go up. Likewise with new Crypto tokens or coins , but binance strive and work its way to the top, so if they are both I'm control today is because they work hard for it and deserve it.