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[Josemendez]

The bullish run in the price of Binance coin , BNB attracted many whales ,and their investment helped to push the coin up to $628 . It is beleived that part of the reason responsible for this huge rise is the several features such launchpad , defi farming ,etc , and the faster and cheaper Transaction available in Binance .

However , it is believed that the Centralized nature of bitcoin can affect it's success in future ,as it seems that the price can be control by persons.
What do you think about this presumption ?

 

[Niftyicon]

I really do not understand your point. Most other coins all do well when investors put in funds as investments and the more they do that the higher the price, this is in no way peculiar to bnb.

 

[Josemendez]

I really do not understand your point. Most other coins all do well when investors put in funds as investments and the more they do that the higher the price, this is in no way peculiar to bnb.

Being centralized gives the team right to control the market . They can flood the market . Their Network once hack can be a problem to the coin

 

[Wisdom01]

Being centralized gives the team right to control the market . They can flood the market . Their Network once hack can be a problem to the coin

Its decentralised and the price is controlled by the forces of demands and supply. But about that network hack i don't really know about it

 

[Niftyicon]

Being centralized gives the team right to control the market . They can flood the market . Their Network once hack can be a problem to the coin

Do you mean, manipulate the markets? I guess you are right. I don't pray for a hack because that situation wouldn't be a funny one at all.

 

[Wisdom01]

Do you mean, manipulate the markets? I guess you are right. I don't pray for a hack because that situation wouldn't be a funny one at all.

That situation have happened on binance before and truly it wasn't funny ,but they passed over it at last ,and i don't think of binance manipulating the market

 

[Josemendez]

Do you mean, manipulate the markets? I guess you are right. I don't pray for a hack because that situation wouldn't be a funny one at all.

Flooding the market when the price is high and buying back when the price falls. Also ,being centralized , they have full control on the coin

 

[SCAMEXPOSER]

Many investors dont care about the centralised nature ,they invest and wait for more rise in price of the coin ,some don't know if its centralised or not ,its not a big problem

That's true , lack of information is what make some people to loose out in Crypto currency Investments honestly because they only believe to Invest and the money will rise not knowing there are contingencies.

 

[Josemendez]

Many investors dont care about the centralised nature ,they invest and wait for more rise in price of the coin ,some don't know if its centralised or not ,its not a big problem

It is not a big problem for newbies in cryptocurrency. Experts will tell you that it is a bit risky. However ,we just have to be security conscious

 

[SCAMEXPOSER]

The number of people holding Binance coin are huge so in my opinion I don't think the coin is centralised in my opinion the forces of demand and Supply control it for sure.

 

[Josemendez]

The number of people holding Binance coin are huge so in my opinion I don't think the coin is centralised in my opinion the forces of demand and Supply control it for sure.

The coin Belongs to a Centralized exchange platform thus it's centralized in nature , but then being Centralized has little or nothing to do with the price ,if only investors will be focussed on it

 

[SCAMEXPOSER]

The coin Belongs to a Centralized exchange platform thus it's centralized in nature , but then being Centralized has little or nothing to do with the price ,if only investors will be focussed on it

Offcourse we can see that Investors are technically focusing on it especially when there are projects to be carried using the BSC or BNB, I believe more holders control the market.

 

[achawaskey]

If you look at the way cryptos market is run, the market of bitcoin always affects other coins, just like the way forex is run, so if you control bitcoin definitely you control other coins.

 

[Josemendez]

If you look at the way cryptos market is run, the market of bitcoin always affects other coins, just like the way forex is run, so if you control bitcoin definitely you control other coins.

This is a false assumption . Every coin has it's own bull period .there are coins that have been rising right before the bullish run of bitcoin ,and are still rising now

 

[SCAMEXPOSER]

If you look at the way cryptos market is run, the market of bitcoin always affects other coins, just like the way forex is run, so if you control bitcoin definitely you control other coins.

This doesn't hold for all coins , infact more than 60% of new coins have grown much faster than Bitcoin in the last few months, the likes of litecoin, bitcoin cash , ethereum one could likely agree.