I'm holding mine. People are probably selling off for the quick buck.
Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
Wagerr creeping up and holding steady for a few days now. Probably because the fight.
Man. Calm down. If you got in way back when largebills dropped this shit, you might be selling SOME now too. Folks taking profits. It happens.
Don't panic sell man. Everything was dropping. It shot up in the last hour. When it's down, I purposely don't look (too much lol). I just have blockfolio tell me when it's up again.
Brother yes you get it BINANCE is da SHIT!!! they will be the number one chinese exchange in under a year. The team and project they are GENIUS LEVEL!!! Im telling yalll get in the BNB coin and start getting on that exchange. At least hold your NEO on Binance so can get GAS for free. Since they are the only exchange that does this. When they start adding more coins next week they will continue to grow. In six months you will thank me. Do your own research on Binance exchange and BNB coin. Bro its Official!! (BNB) to the MOON!! Lambo's here we come
P.S. watch for TRON coin on Binance in SEPT. TRON will buy us all LAMBO's
@daman200 man just please don't start posting pictures of cars and eggplants like they do on the wagerr slack
I was @ the car shop and decided to check out their slack to see if there was any news and there was nothing but a page full of muthafuckas posting eggplants (inside joke for them)...chic sitting next to me gave me a serious side eye like 'what is this muthafucka into?' @daman200 man just please don't start posting pictures of cars and eggplants like they do on the wagerr slack
Eggplant WTF!!! LOL!!
YO Fam!! I havent been this excited about a coin since i got those first ripple(XRP) profits. BRO this SHIT is OFFICIAL!! (BNB) coin man!!
What's the trading pair for BNB?Eggplant WTF!!! LOL!!
YO Fam!! I havent been this excited about a coin since i got those first ripple(XRP) profits. BRO this SHIT is OFFICIAL!! (BNB) coin man!!
edit: I see they have BTC pairing.
I thought you didn't have to give them your passport info (unless you're referring to other info) if you're okay with a withdrawal limit of 2 BTC.
yes ID needed for withdrawals over 2BTC
my head was elsewhere when i was reading about it. now that i signed up i feel better. lol.
Honestly, I think you will be okay with Coinbase, Kraken, Bitstamp or any of these other exchanges that have direct fiat deposit/withdrawals as well as Paypal. I just didn't want to use the same source over and over cause the Chase people spooked me out about shutting down folks accounts using these exchanges trying to avoid paying taxes, not to mention, the Coinbase transactions show up on my bank statement as "Coinbase.com/BTC"I searched long and hard to find out what Paypal's reputation is with banks and nothing negative came about so that's the route I decided to take in order to lower the chances of having to defend my deposits.
No I have not limited my deposits but since I do weekly transactions, so far I have not earned that much in a week. However, I think you will be better served depositing $10k+ amounts into a business account vs your personal account. This is something else I consulted with a tax lawyer and they agreed. If you're going to draw IRS attention, might as well be under a limited liability.
Feel free to ask me any question at any time. I'm still learning this stuff as I go. If it weren't for the advice of @LegalMoney I probably wouldn't feel as grounded as I do now.
Thanks for the info. I have an LLC already and was planning on going this route. Im going to look at BOA. I use PNC for all my coinbase funding and withdrawals and haven't had any problems so far.
Would anyone recommend selling half of my NEO total value and using it to buy BNB coin?
if you don't mind me asking, how much do you have?
If I were you, i don't think I want to sell more than a third. NEO seems like a long term hold. two thirds a year from now will probably look pretty good. Plus I'm not comfortable putting a lot of money in all these unknown exchange . Not trusting them on the payouts. IF they steal your money what can you do about it?
I hear you but I think I'm just going to go with my gut and do the half and half.
If you haven't sold your NEO yet, I don't see why you would sell it close to the end of the sell off.
I'm thinking BNB coin can get bigger faster.
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Those folks running Bittrex must own some BNB the way that they are driving people who are into NEO over to binance by withholding gas. Clowns knew back in June what Binance was going to be offering.Eggplant WTF!!! LOL!!
YO Fam!! I havent been this excited about a coin since i got those first ripple(XRP) profits. BRO this SHIT is OFFICIAL!! (BNB) coin man!!
People taking that NEO bittrex gave back and buying BNB.
Where do y'all see BNB going marketcap wise?
Saw this on Reddit
Lots of chat about BNB atm... So lets look at the numbers.
It has various utility, some short term, some medium, and who knows long term.
1) Right now = zero utility (as no fees on Binance)
2) 24th August = some utility (as fees come to Binance and you get 50% off when paying in BNB)
3) Some unknown time perhaps in 2017 = more utility (as Binance launch a 'decentralised exchanged' with BNB as the Gas, although i'm not quite sure what 'Gas' means in this respect)
4) Binance also want to use BNB to fund ICOs
So lets do some math.
TL;DR - BNB already has a utility value with TODAY'S UTILITY that justifies TODAY'S market cap of c. $200m. Then it has several unproven (but high potential) products that could blow it upwards.
Right now BNB has a market cap of roughly $200m, it's pretty simple, there are 100m tokens and $2 per token. There are no hidden tokens, no extra ones to come, it's really vanilla (yes there are 100m tokens for Binance i.e. the founders, but these are locked up for 4 years).
Right now Binance.com has a daily volume of $150m. Bear in mind that it didn't exist very long ago, and this volume has been growing very quickly. Exchanges like Bittrex/Polo do c. $500m / day or so. Bithumb is doing $1B+ right now due to the BTC/BCH stuff...
So on today's volumes, Binance should make $150m * 0.1% in fees = $150k / day (of course it's zero fees right now, but that is irrelevant in the longer term as that changes next week).
Now, there is pretty much zero reason to not use BNB to pay for fees, you can just buy a small amount and use it for fee reduction after all. But not 100% of people will use it, it's never 100%. Lets assume 50% for the sake of an assumption that is likely a bit conservative.
That means Binance.com users will be saying about $150k * 50% * 50% = $37.5k / day of fees.
Now, Binance will grow in volume almost certainly, and lets say it gets to about 3x it's current volume (putting it close to Bittrex, and Polo), then users are saving $100k / day in fees by using Binance.
That is $35m / year of savings.
Using a 'normal' (whatever that means!) P/E multiple of 10x, means that has a value of $35m * 10 = $350m.
So the value of Binance for JUST FEE REDUCTION is about $350m. Although due to the schedule of reducing the fee discounts, one could argue this is a lower number by quite a lot. So lets say $100-200m.
This is exactly it's current market cap. So it's current market cap actually SEEMS SENSIBLE!!!!!
WOW, a crypto that has actual UTILITY value, where one can do actual math to work out a vaguely accurate (or not!) market cap. Remember most crypto's have zero utility value right now, they are dreams
So after this Binance will launch a 'decentralised exchange' where BNB will be a 'core part of', where some people have said it will be the 'gas' for the exchange (I don't think this is like Gas as in ETH Gas, or indeed NEO and GAS, I have no idea what it is really, however I suspect it will enable the exchange to act as a DAO, i.e. it lubricates the decentralisation, keeps it in sync etc etc (if you have any ideas let me know!), and so this should add further value to BNB. Who knows what, but something.
Binance also say that BNB will be used for ICOs too, e.g. Tron, and some others that are listed already on Binance.com. This is like NEO, and also ETH (and BTC obviously).
So this should drive demand one would think.
Oh and Binance said they will buy back half the tokens over time (as they make profit), so that in-effect doubles the market cap on a per token level (i.e. justifies double the current price, not double tho as Binance is not profitable yet, but if they are a large exchange they will be)
TL;DR - BNB already has a utility value with TODAY'S UTILITY that justifies TODAY'S market cap of c. $200m. Then it has several unproven (but high potential) products that could blow it upwards.
Therefore my point is that it's a great buy, and a classic HODL
Saw this on Reddit
Lots of chat about BNB atm... So lets look at the numbers.
It has various utility, some short term, some medium, and who knows long term.
1) Right now = zero utility (as no fees on Binance)
2) 24th August = some utility (as fees come to Binance and you get 50% off when paying in BNB)
3) Some unknown time perhaps in 2017 = more utility (as Binance launch a 'decentralised exchanged' with BNB as the Gas, although i'm not quite sure what 'Gas' means in this respect)
4) Binance also want to use BNB to fund ICOs
So lets do some math.
TL;DR - BNB already has a utility value with TODAY'S UTILITY that justifies TODAY'S market cap of c. $200m. Then it has several unproven (but high potential) products that could blow it upwards.
Right now BNB has a market cap of roughly $200m, it's pretty simple, there are 100m tokens and $2 per token. There are no hidden tokens, no extra ones to come, it's really vanilla (yes there are 100m tokens for Binance i.e. the founders, but these are locked up for 4 years).
Right now Binance.com has a daily volume of $150m. Bear in mind that it didn't exist very long ago, and this volume has been growing very quickly. Exchanges like Bittrex/Polo do c. $500m / day or so. Bithumb is doing $1B+ right now due to the BTC/BCH stuff...
So on today's volumes, Binance should make $150m * 0.1% in fees = $150k / day (of course it's zero fees right now, but that is irrelevant in the longer term as that changes next week).
Now, there is pretty much zero reason to not use BNB to pay for fees, you can just buy a small amount and use it for fee reduction after all. But not 100% of people will use it, it's never 100%. Lets assume 50% for the sake of an assumption that is likely a bit conservative.
That means Binance.com users will be saying about $150k * 50% * 50% = $37.5k / day of fees.
Now, Binance will grow in volume almost certainly, and lets say it gets to about 3x it's current volume (putting it close to Bittrex, and Polo), then users are saving $100k / day in fees by using Binance.
That is $35m / year of savings.
Using a 'normal' (whatever that means!) P/E multiple of 10x, means that has a value of $35m * 10 = $350m.
So the value of Binance for JUST FEE REDUCTION is about $350m. Although due to the schedule of reducing the fee discounts, one could argue this is a lower number by quite a lot. So lets say $100-200m.
This is exactly it's current market cap. So it's current market cap actually SEEMS SENSIBLE!!!!!
WOW, a crypto that has actual UTILITY value, where one can do actual math to work out a vaguely accurate (or not!) market cap. Remember most crypto's have zero utility value right now, they are dreams
So after this Binance will launch a 'decentralised exchange' where BNB will be a 'core part of', where some people have said it will be the 'gas' for the exchange (I don't think this is like Gas as in ETH Gas, or indeed NEO and GAS, I have no idea what it is really, however I suspect it will enable the exchange to act as a DAO, i.e. it lubricates the decentralisation, keeps it in sync etc etc (if you have any ideas let me know!), and so this should add further value to BNB. Who knows what, but something.
Binance also say that BNB will be used for ICOs too, e.g. Tron, and some others that are listed already on Binance.com. This is like NEO, and also ETH (and BTC obviously).
So this should drive demand one would think.
Oh and Binance said they will buy back half the tokens over time (as they make profit), so that in-effect doubles the market cap on a per token level (i.e. justifies double the current price, not double tho as Binance is not profitable yet, but if they are a large exchange they will be)
TL;DR - BNB already has a utility value with TODAY'S UTILITY that justifies TODAY'S market cap of c. $200m. Then it has several unproven (but high potential) products that could blow it upwards.
Therefore my point is that it's a great buy, and a classic HODL
Where do y'all see BNB going marketcap wise?
Saw this on Reddit
Lots of chat about BNB atm... So lets look at the numbers.
It has various utility, some short term, some medium, and who knows long term.
1) Right now = zero utility (as no fees on Binance)
2) 24th August = some utility (as fees come to Binance and you get 50% off when paying in BNB)
3) Some unknown time perhaps in 2017 = more utility (as Binance launch a 'decentralised exchanged' with BNB as the Gas, although i'm not quite sure what 'Gas' means in this respect)
4) Binance also want to use BNB to fund ICOs
So lets do some math.
TL;DR - BNB already has a utility value with TODAY'S UTILITY that justifies TODAY'S market cap of c. $200m. Then it has several unproven (but high potential) products that could blow it upwards.
Right now BNB has a market cap of roughly $200m, it's pretty simple, there are 100m tokens and $2 per token. There are no hidden tokens, no extra ones to come, it's really vanilla (yes there are 100m tokens for Binance i.e. the founders, but these are locked up for 4 years).
Right now Binance.com has a daily volume of $150m. Bear in mind that it didn't exist very long ago, and this volume has been growing very quickly. Exchanges like Bittrex/Polo do c. $500m / day or so. Bithumb is doing $1B+ right now due to the BTC/BCH stuff...
So on today's volumes, Binance should make $150m * 0.1% in fees = $150k / day (of course it's zero fees right now, but that is irrelevant in the longer term as that changes next week).
Now, there is pretty much zero reason to not use BNB to pay for fees, you can just buy a small amount and use it for fee reduction after all. But not 100% of people will use it, it's never 100%. Lets assume 50% for the sake of an assumption that is likely a bit conservative.
That means Binance.com users will be saying about $150k * 50% * 50% = $37.5k / day of fees.
Now, Binance will grow in volume almost certainly, and lets say it gets to about 3x it's current volume (putting it close to Bittrex, and Polo), then users are saving $100k / day in fees by using Binance.
That is $35m / year of savings.
Using a 'normal' (whatever that means!) P/E multiple of 10x, means that has a value of $35m * 10 = $350m.
So the value of Binance for JUST FEE REDUCTION is about $350m. Although due to the schedule of reducing the fee discounts, one could argue this is a lower number by quite a lot. So lets say $100-200m.
This is exactly it's current market cap. So it's current market cap actually SEEMS SENSIBLE!!!!!
WOW, a crypto that has actual UTILITY value, where one can do actual math to work out a vaguely accurate (or not!) market cap. Remember most crypto's have zero utility value right now, they are dreams
So after this Binance will launch a 'decentralised exchange' where BNB will be a 'core part of', where some people have said it will be the 'gas' for the exchange (I don't think this is like Gas as in ETH Gas, or indeed NEO and GAS, I have no idea what it is really, however I suspect it will enable the exchange to act as a DAO, i.e. it lubricates the decentralisation, keeps it in sync etc etc (if you have any ideas let me know!), and so this should add further value to BNB. Who knows what, but something.
Binance also say that BNB will be used for ICOs too, e.g. Tron, and some others that are listed already on Binance.com. This is like NEO, and also ETH (and BTC obviously).
So this should drive demand one would think.
Oh and Binance said they will buy back half the tokens over time (as they make profit), so that in-effect doubles the market cap on a per token level (i.e. justifies double the current price, not double tho as Binance is not profitable yet, but if they are a large exchange they will be)
TL;DR - BNB already has a utility value with TODAY'S UTILITY that justifies TODAY'S market cap of c. $200m. Then it has several unproven (but high potential) products that could blow it upwards.
Therefore my point is that it's a great buy, and a classic HODL
Binance hasn't even rolled out Japanese and Korean language support. It's crazy to think how big they can get. People are thinking trillion marketcap for all this shit in 3-5 years. How much might be flowing through them? While the U.S. is stifling growth, Asians are pushing it.
I'm looking for to seeing the promising projects that they might be the only ones having out the gate. A lot of money might be made through their exchange and their token.
Eggplant WTF!!! LOL!!
YO Fam!! I havent been this excited about a coin since i got those first ripple(XRP) profits. BRO this SHIT is OFFICIAL!! (BNB) coin man!!
More excited about BNB then NEO?
Hype + Utility is about as close to a guarantee of big returns as there is in this space.
Hope we see Bitconnect Coin type returns
Hope we see Bitconnect Coin type returns
I'm trying to buy as much BNB and Lisk as possible. I think they are both going to finish the year VERY strong.
I don't know man.. I think this is a good time to accumulate more Neo.
Man, that Binance reddit is already over 1000. Neo has a large community, and it seems like a lot are into Binance and BNB. Thanks to LBOP, I was in the NEO game early and watched how the community grew. This shit seems to be following a similar path. Shit seems like May/June all over again with binance.
These Chinese about to murder the game. They systematically coming at every market and linking together.
LISK is long overdue
ledger blue horror story (not mine)...dude bought one it shipped to him broken...kept bricking eventually just fell apart...they saying he gotta pay $88 to ship the unit back to them for repairs or a replacement smmfh
tempted to send mine back before it can become an issue...but I'd have to pay out of pocket to do so
tempted to send mine back before it can become an issue...but I'd have to pay out of pocket to do so
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