BNB Reddit Mentions | ChartExchange

When I first started looking at Blockchains years ago, I thought it was all about the tech, laughed at memes like Doge & Shib. But there’s so many over aspects one has to consider, and it’s important in regard to what is the real question you’re asking. Technology is great, but what problems are you actually trying to solve/sell, does it really matter to you?? Is it that you believe solving a problem means it gets used more, does this equate to more sales/usage and profit. Does that really matter to you, you don’t own any shares in the company, is it you believe that will drive up the value and therefore the price, therefore you want to own? Tokenomics and hype are critical to value in terms of price, regardless of how good the tech is. Are you looking for short term gains and get rich or longevity and constant growth over the long term?
BTC is without a doubt the leader in long term growth and always will be for the foreseeable future, this is a fact, regardless of what you think 🤔 any other blockchain can do.
Decentralization is a myth if you’re really interested in making money, just discount it and don’t worry about it. HBAR, plus many other utility coins/tokens are certainly centralized, such as CRO/BNB, etc, but mostly safe, they will be around long term and provide opportunities to make money.
Some good Tech are poor in their business dealings, numerous ones claim decentralization, they allow voting, but the absolute vast majority are clueless in terms of understanding ramifications of change. RWA chains make a lot of sense in regard to tech, but not necessarily in terms of business and value. Some well known coins, DOT, being a prime example, JAM & WEB3 for example fall in this space. HNT is another good example and they even allow, encourage people to participate/invest through owning nodes. Great RWA example, very poorly managed, lots of promise in these projects, very little happens that leads to growth and profit.
Problem solvers are great for tech, AVAX being a prime example, touting how VISA are using them, potential for huge usage. But, does that translate into VISA are buying, actually using AVAX tokens, no it doesn’t. You’re not buying AVAX shares, so it might move the needle a little if the PR people do a great job, but there’s no sustainable growth from this in coin volume, so what use is the tech vs price??
So many more examples of this, I like posts like this, it brings out so many favorites, people argue about the tiniest details, as if it really makes any difference, if it’s profit your really looking for. SOL is a huge example in this area, a chain that has had so many problems in actually being available. So much downtime it was laughable, if it was an internet provider it would very quickly be out of business. But, all this downtime didn’t affect prices, FTX did and that gave a huge opportunity to everyone, but it’s come back strong. People use it and believe in it, they built it through a Life Cycle Cost type project. Look at what people really want, move money fast & cheap, spent and set up the chain, got people interested. Yes of course it fell over, it was super popular, it got overloaded, big deal, patch it up, get it started and figure out how to fix on the go! Over time it’s continued to improve uptime availability, it now does what it set out to do efficiently, does it need more technical advancements, not really.
And then we come to ETH, very popular, has early starter advantage, but it’s expensive to use, it knows it and it’s trying to improve this. Yet it’s definitely not cheap and over the years competitors are continually entering the market. It’s not going away. It’s good tech, but does anyone really care if it’s faster than SOL/AVAX/HBAR, I know I don’t , but that’s just me.
If it’s really price you’re interested in, the main thing is to buy low regardless of the tech, people who jump on bandwagons when they see something happening upwards get hurt most times. The tech changes nothing when prices start falling in a Bear, but they will ensure you’re going to still have your coins for the next Bull, and that’s critically important.

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BNBUSDT20240427P650
Binance Coin / Tether USD Apr 27 2024 650.00 Put
crypto