RE: Not a good day to be an Altcoin owner...

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Not a good day to be an Altcoin owner...

in steem •  6 years ago 

That's not bad actually. I would accept either.

steem
6 years ago by

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      ·  6 years ago 

    What coins did you lose big on lately?

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      [-]
        ·  6 years ago 

      Steem, XRP, BNB, and EOS all taking it on the chin the last two days while bitcoin is up double digits.

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        ·  6 years ago 

      "Normally" during times when bitcoin was up 10%, many of the popular alts would be up multiples of that. Not flat, let alone down...

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        ·  6 years ago 

      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?

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        [-]
          ·  6 years ago 

        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.

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          ·  6 years ago 

        By now, with that business-model and market volume should BNB coin stay "stable" or increase in the future.

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          [-]
            ·  6 years ago (edited)

          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.

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          [-]
            ·  6 years ago 

          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! **

          ap53284jq9.jpg

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            [-]
              ·  6 years ago 

            Yep. Coinbase made over a billion in 2017. Now they are laying off staff... it changes quickly.

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