/biz/ - Business & Finance

The entire crypto market is about to get Kung-Fu hustled

>>29102472
coordinated pnd. the rugpull is gonna be LEGENDARY

>>29102472
BSC projects are taking off due to the much lower fees.

>>29102509
it wont happen lol

>>29102509
>>29102502
t. non bnb hodlers

many such cases

>>29102472
it will replace ETH

Literally no one wants to pay ETH gas. BNC does it using for pennies. Uniswap clones for days with yield farming. The ship has sailed but there's still plenty of room on deck.

audio will be a solid HOLD for some time, solid team and partnered with big edm DJs

>>29102640
you do know that gas fees are high because the demand right?

>>29102640
I swam aboard

>>29102509
Doubt it, wouldnt make anysense. By that logic, binanance should just confiscate everyones wallet. Instead, CZ kvetchs on twitter about coinbase not listing bnb.

it's here to take over and eth fags like you are gonna get left in the dust

>>29102472
>>29102502
>>29102509
The issue is the coin is centralized chinese bullshit getting pumped with profits from Binance and being used to launder chinese money. The rug could get pulled at any moment and it'll ruin thousands if not millions of new investors using the binnace.us app thinking "ez moon".

On the other hand he's now made the PND personal by calling out exchanges for not carrying the asset, and will likely cause them to literally reach mars in an effort to punish them for not listing it. Kinda bullish but also scary lol

>>29102586
>>29102640
So basically eth fucked up by not having scaling done by this bullrun, that caused mass eth congestion, and now people are jumping the eth ship?

>>29102704
the gas fees are because ETH can't scale
Binance Smart Chain CAN scale, because it's centralized

>>29102472
influx of normies and newcomers to crypto who think of it terms of "haha i'll just throw 50 bux at it" getting turned off by having to pay 50 bux transaction fee, moving over to a chain where they can literally do just that and pay a much more reasonable 3 cent fee.

>>29102472
eth killer except unironically for real this time, helped in part by the fact that eth is basically killing itself by way of its unbelievably incompetent dev team

>>29102833
They "move over" to that chain by using binance?

>>29102860
you need BNB to use BSC, so yes, most people are going to start there. every fucking normie i know of stumbles on to Coinbase or Binance when they starting out now.

>>29102974
Okay, I guess I don't really understand since all I ever did in crypto was buy eth, transfer it to binance, buy link with my eth, and then transfer link to my wallet so I don't really get why you'd need to own bnb to use binance since I never owned any

>>29102472
I have no idea. Chinks buying in? CZ using fundsu from binance to pump his own coin? ETH fees as well.

This whole project is nothing but shitty ponzi food tokens. The code is just a copy of ETH but controlled by binance.

I feel the FOMO but this also seems pretty risky considering how most of the projects are just garbage. It's tulip mania on BSC right now. There is no bottom when people start to bail.

>>29103077
Binance has an Eth clone called Binance Smart Chain. You need to use BNB in order to make transactions on it. All the food coins coming up lately have been on BSC.

>>29102472
If enough newbs get rekt regulations are back on Bidens table.

>>29103282
Oh I guess they just charged me when I was making the transaction and I never noticed or something, weird
I guess that's the transaction fee or whatever? Them taking some of my eth and buying bnb with it to complete the eth/link transaction

>>29102816
correct

>>29103282
This sounds like 2017 ETH bull run but the 2021 China version

>>29102717
legit thinking i should sell everything right now because it's too scary
crypto is about to get very ugly

>>29103428
pretty much, yeah. but with cute designs and yield farming :3

>>29103481
>>29103481

>>29103401
it's not just on Binance, a lot of these projects aren't on Binance at all. Go to pancakeswap.org
You can use a crosschain swap like Rubic for Eth, but you need to hold BNB in your wallet to buy on exchanges that are built on BSC.

Holy fuck boys here we GOOOOOOOOO

>>29103401
it's not just on Binance, a lot of these projects aren't on Binance at all. Go to pancakeswap.finance
You can use a crosschain swap like Rubic for Eth, but you need to hold BNB in your wallet to buy on exchanges that are built on BSC.

>>29103481
>year of the bull
>oh no im scared better sell in february

>>29102472
this is the most dangerous bullrun ive ever joined
hope it pays off, this coin was a nothing burger 2 months ago

>>29103614
Interesting shit
Thanks for the explanations anon

how do i acquire BNB to pay the gas to exchange ETH to BNB on BSC?

>moved 10 ETH to BSC, cant pay gas

want to do 5 eth to BNB and 5 to CAKE

>>29103744
was meant for >>29103680

>>29102811
scaling won't even happen with staking. it's all sidechains, fruit rollups and snarks whatever they are. all the innovation happens on eth and bsc is going through a rerun of the eth 2020 defi summer

>>29102816
Bro, you think I care about decentralization? I'm here to make money and could care less if BSC is centralized, you retard.

>>29103793
Use the bridge tab on Pancake or Goose

fees of binance smart chais has almost tripled in 2 days, no fud i'm holding 2000 cake

>>29103848
based

EGG :)

>>29104017
I used the Pancake bridge. All it did was move my ETH from ESC to BSC

>>29102472
because eth and uniswap did nothing except retweet feminists on twitter while everyone demanded a solution.

bnb/cake is that solution. its over. it happened.

>>29103848
this
the problem was always tax, not centralization

>>29104089
>

Yeah, so $0.40 lololololol

>>29104235
kek

>>29102605
Why the fuck would anybody sane hold a CCP controlled, centralized shitcoin that's being pumped by one of the biggest scam artists in crypto? I'll pass on this one, I don't care about the returns.

>>29104465
I hear people say cz is a scammer but who has he actually ever scammed?

>>29104517
Didn't he literally just copy/paste ETH?

>>29104569
but make it centralized?

>>29104569
Without the retarded gas fees.

>>29104569
Isn't eth open source?

>>29102472
THE GREAT CHINK FLIPPENNING IS UPON US! CHOO CHOO!

>>29104640
Why would you need gas fees when you don't need people to mine in order to maintain a secure network? In fact, why would they need gas fees at all in this case?

>>29104683
So taking something that already exists as another project, because it's open source, and removing the feature that makes it good (decentralization) is somehow worth something? I've copied and pasted many open source libraries over the years for personal and work projects, maybe I should get a few billion dollars of other peoples money entrusted to me and my 100% centralized network, no?

Can BNB flip ETH in marketcap?

BNB is the new ETH

>>29104703
So people can’t crash the network without paying a fuckton of money. Gas fees are the fee for paying for computing power, if you don’t have to pay then you can just ask the network to do infinite equations until it crashes. Has anyone read at least on book on crypto here???

>>29105233
BNB is the new GME, hyped up bullshit

>>29105138
>maybe I should get a few billion dollars of other peoples money entrusted to me and my 100% centralized network, no?
you and I both know that if you could you would
Anyway, thanks for answering my question.
I wouldn't call that a scam, you just don't like it, no one is being duped into using it since they are up front about the fact that it's centralized

wtf I love china now

>>29105364
>read
>book
What?

>>29105401
>Binance
largest crypto exchange in a world that is adopting crypto at an alarming pace
>Gamestop
a physical game store in a world of downloadable games

>>29102717
Burger here. How exactly would I get ruined by this? As long as I get out before the rugpull I should be fine right? Or am I missing something?

>>29105364
I was trying to point out that there are gas fees for a reason, at least with ETH. Not so sure about the justification of gas fees on a centralized coin like BNB though, not super deep into the tech, but know enough about why mining is important and needs to be incentivized in decentralized networks (at least until staking can be implemented). Maybe you can help explain why BNB needs gas to a brainlet like me?

binance.us taking weeks to verify to allow trading in the US. Where else can you get BNB?

>>29105138
Yes, why are you still poor faggot? Cope more

>>29102811
Yes, this exactly. Defi is moving to BSC and BNB is used for gas fees which are much cheaper.

>>29105773
Also this. By the time I can trade on Binance.us, I'll have missed the boat.

>>29102472
Are there third party Binance chain browser wallets like metamask is for Eth?

>>29102974
It’s a brilliant move too as it’s going to drive a lot more people to their platform. CZ is kinda sort of really bringing it together here.

>>29102472
Professional nerds and traders have been using it for a few weeks now and moving over, the migration is beginning to reach criticial mass. ETH is dead, even if normies don't know it yet and will pump the price for a while to come. But BSC chain is where anyone who cares about making money is going. In a couple weeks BNB will be more valuable than ETH.

>>29105953
Doubt it. BNB is about to blow past ETH in the coming months.

>>29102472
It's a centralized ETH clone, which defeats the entire long-term purpose but is cheaper to run PNDs on for now.

>>29106028
So you legit think this will kill ETH? Once a lot of people migrate over to BNB won't that reduce traffic, and ultimately gas fees for ETH? I think it's more likely that it's just more competition which is good for the market as a whole.

>>29103171
Well said

>>29105965
trust wallet. it is also superior to metamask for ETH anyway, so it is worth switching.

>>29102472
reminder all chink and prajeets are nothing more than a scam that will eventually happen. Don't say you were not warned.

>>29106177
it can overtake ETH in market cap until ETH becomes usable again. doesn't mean ETH will suddenly drop to 0.

>>29102704
and since the supply for demand failed weve found the alternative solution

>>29106177
It wont kill ETH, but it's definitely knocking it off it's throne. ETH will never dictate such a large share of the marketplace ever again. It's over for ETH. GAS will fluctuate until a balance is found, but it will always be higher than BSC. ETH will become it's own niche chain. No one in their right mind is going to pay higher transaction fees if they can avoid it.

>>29106167
Let's be real at least half of the mETH head speculators never cared about decentralization and just thought they had to ape bitcoiners putting so much emphasis on it in order to pump

Until someone can point to the wallets artificially pumping the token, this is all cope.
BNB is pumping because ETH is an encumbered piece of shit that literally cannot handle the volume of a 2021 bullrun without jacking fees so high that even whales begin to complain

After the fall of the orange man the $.02 army has alot of available shill power to pump their chink coins.

>>29106533
Hahaha cry harder fatties

Literally fuck you all it’s dumping hard
Ofc I just bought the top too

>>29102472
Typical run-or-the-mill Chinese financial manipulation. Don't worry, the rugpull will be glorious.

>>29105401
Anon, everyone is actually using BNB in pancakeswap, it's literally uniswap but better, where the hell are you?

I bought at 270 AMA

This is plain crazy. I can't believe how clownish the world has become. It shouldn't be this easy to make money. I love you, my /biz/ frens

>>29106565
You wish you had enough food to be a fatty like me.

>>29104465
its being pumped because it does defi with miniscule fees, not because of any person

Made a few bucks, that was fun.

>>29102472
Binance Coin is real Ethereum. Binance Coin is cheapest fees. Is best service. Have best, is number one platform for DeFi. Binance Coin is future. Binance Coin is like the golden Ox, to bring prosper and peace.

>>29106773
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>>29106376
>and since the supply for demand failed weve found the alternative solution
You dumb fucking faggot. Fees would be next to nothing if there was no demand. Hint: there is no *real* demand for Binance Smart Chain. Holy fucking shit how many times does history have to repeat before people finally understand basic supply and demand.
>Bitcoin Cash is the real bitcoin
>Bitcoin SV is the real bitcoin and bitcoin cash
>BNB is going to flip Ethereum!

>>29106773
fuck off chink

>>29107075
I know it was pretty convincing chinglish

>>29107083
Is there *real* demand for other crypto?

HBAR will replace both

>>29102974
Well Kraken fucking shits itself and their support sucks so I don't blame people for using Binance.

>>29103481
This. I don’t think people understand the magnitude of this situation, it’s all happened in a flash. Washtrading and deliberately pumping up ETH gas feed by forcing max Gwei is dirty play. You all need to make your money quickly and get out. When a centralised network is the sole backbone of a decentralised industry, the decentralised industry automatically fails

RUG = PULLED

SELL AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>29105138
I'll hold ETH, but when I want to buy a different token to speculate, Id buy it on a BSC based platform because Id be stupid to throw away those gas fees. The gas fees can be like the bitcoin pizza in terms of eth price

>>29102640
>>29102811
This could've been avax if they didn't fuck up lol.

>>29107266
IMGMI and HODL

I got rugpulled so hard kek

Sold it at 245$
Im based

>>29107266
Needs to consolidate a little. Healthy correction. That run up was nuts. But the defi run is still popping off on BSC. This is just the start.

It's dumping

>>29107367
buy more

>>29107467
So with it, BAKE keeps mooning, right? RIGHT?

>>29107439
And it’s Pumping
FUUUUUUCKKKKK

>>29103532
based ani
slaughter season is best season

>>29107552
Kek

>>29107263
Imagine thinking that binance is manipulating eth gas prices

>>29107439
dont ride the bull if you cant hang on

Wow, a network where it makes sense to make transactions <$100 is taking off? Who would have thought....wtf I love china now

>>29106177
no legit dev will develop on it

It's pumping right now.

Who can explain how marketcap corelate with the price? Capitalisation is increased so much, why it doesn't prevent from dumping?

A coin that is required, managed and inherently owned by the exchange youre trading on?
Sounds like a great way to have a captive market where you can rape users.
Can't wait for ADA to go mainstream.

>>29107616
you think this is organic?

>>29107897
>corelate
stop trying to think logically
this is wash trading plain and simple

Isn't this basically TRON again except it is owned by an exchange and has EVM compatibility? Making a copy of ETH that sacrifices decentralization for transaction throughput?

>>29102472
China made the entire world their bitch after releasing the Wuhan Flu. This is them rubbing it in our faces now.

Of course I bought the top of bnb and cake. I must be cursed

Any way to buy BNB without using binance.us as a burger? They won't let me use my PO Box as verification.

>>29107263
I don't understand how using max gwei is dirty play
Nothing is getting through these days with less than 100 gas
If they tried to minimize gas cost the number of customer service requests complaining of slow withdrawals would skyrocket
I like ETH for what it is but stop blaming binance for eth's shortcomings

>>29107263
Gweilos sounding alot like wallstreet hedgies right now.

>>29104089
the amount of money I'm making every day for farming a fucking pokemon token covers me

>>29105773
>binance.us taking weeks to verify to allow trading in the US. Where else can you get BNB?

are you really this retarded? just get a VPN, select UK as your region, and open up a new binance account. Buy XLM/EOS on coinbase and send it to your new Binance account.

>>29109260
FTX

>>29108317
>Any way to buy BNB without using binance.us as a burger? They won't let me use my PO Box as verification.


YOU DONT NEED TO USE BINANCE.US!

>GET VPN
>SET UK AS REGION
>BUY EOS/XLM FROM COINBASE
>SEND TO NEW BINANCE ACCOUNT
>SELL EOS/XLM FOR USDT
>BUY BNB

As long as your value is under 2btc, you will never have to do any verification, just keep the VPN on.

>>29102717
Oh man, sounds like this thing I heard of in 2012 called Bitcoin. Fuck are we gonna make it bro's?

For me, it's Binance Side Chain. The best crypto chain. I even ask for extra shitcoins and the staff is so friendly and more than willing to oblige.

One time I asked for zero network fees and they gave me Binance bridge. I said, "Wow, fees for free!" and the nice friendly Binance worker laughed and said, "I'm going to call you fees-for-free!".

Now the staff greets me with "hey it's fees-for-free!" and ALWAYS give me zero network fees. It's such a fun and cool atmosphere at my local Binance exchange, I go there at least 3 times a week for trades and yield farming instead of staking, 1-2 times to check for airdrops on the weekend, and maybe once for minitoken swaps when I'm in a rush but want a great deal that is affordable, fast, and can match my daily financial needs.

I even dip my BTCB in CREAM, it's delicious! What a great exchange.

>>29106628
How high do you think it will go?

>>29105773
>land of the free

>>29110063
I hope it at least goes back to 271 lmao, but I guess it will go to 200 first

>>29105770
BSC has staking iirc

>>29110125
I hope it dips to 200, I'm going in balls deep if it happens

>>29107439
Same. Just buy the dip tomorrow if BTC is pumping and sell it at 300

>>29110063
Honestly, this thing could hit $1000. Unironically, we could actually see the flippening.

>>29102472
People coming into the space are trading on Binance and Pancakeswap money is flowing there cause of eth fees. BNB and Cake are central cryptos of that ecosystem

>>29107200
>Is there *real* demand for other crypto?
is there a "real" demand for any crypto?

Crypto has been and always will be a self licking ice cream cone with demand, and it's market efficiency.

>>29107218
Why would HBAR? Asking cause I have 60k.

>>29110515
Looks like it will reach 270 in about ten minutes

How's that a fucking scam?

its about to launch again

>>29109993
Spamming faggot

>>29102472
The only really trustworthy global exchange.
Regular coin burns.
It’s a backend coin for all the transactions.
It will only go up while crypto is alive.

>>29105728
Yes, I personally make lots of moneys on rugpulls because usually they wait for 5x to 10x to pull it, and I get out at 2x or 3x at best if I feel a little risky. I will probably do the same with BNB. Sure, it's 99.9999% not a scam, but just in case... I'm gonna take my 2X and leave ty very much good sirs.

>>29102502
It's because of this :

https://www.binance.com/en/blog/421499824684901482/14th-BNB-Burn-%7C-Quarterly-Highlights-and-Insights-from-CZ

I obviously started keeping BNB only because i was forced to for dicounts on the fees. I wanted a High VIP level to reduce fees. I bought the up to 1500 at the low end ( 30-60) then all of a sudden this. I am super scared it going to dump.

>>29105728
>As long as I get out before the rugpull
There will be no rugpull, that is just seething no coiners fud, at worst it will get replaced by a better decentralized coin after years

>>29102472
Id rather use Uniswap and pay the fees. Solutions arent far away.