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@binance: There have been several relentless cryptocurrency bear markets. These generally bring more than an 80% decline in the price of Bitcoin, while altcoins can easily experience more than 90% declines. What can you do during these times? https://t.co/xr2SJ1S6dy
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“We are working with a number of other partners,” Zhao said. “[With] xRapid, there’s nothing going on right now. But in the future, we definitely want to add them as a partner.”
XRapid is a Ripple product that uses its native XRP cryptocurrency to provide real-time liquidity and reduce the capital requirements necessary for financial institutions to operate in emerging markets.
CHANGPENG ZHAO: ‘OUR AIM IS 10, 50, 100 YEARS’
In response to a question about whether Binance can survive another year of a bear market, Zhao said absolutely. In fact, Zhao says Binance ― the world’s largest crypto exchange ― will still be there in 100 years no matter what happens to the industry. Zhao says his team does not obsess over daily bitcoin price fluctuations because it has a long-term focus and concentrates on its work. Accordingly, there’s no hourly hand-wringing like those that plague crypto holders with short-term, day-trader mindsets.
“Binance is ready to survive any number of years, no matter if it’s bear or bull. We basically don’t really look at the market too much ― not as much as people actually think we do. We just keep our heads down and build features.”“Binance is very healthy financially and also very stable in terms of the team. Our aim is much longer than another year. Our aim is 10, 50, 100 years. So we’ll be here for a while.”
CRYPTO OFFERS FREEDOM
Source: Shutterstock Zhao revealed that once he started learning about cryptocurrencies and how bitcoin works, he was immediately drawn by the freedom the decentralized virtual currency offers. Zhao says the borderless virtual world of crypto really attracted him because of his background having lived abroad in many different countries.
“Once I learned about crypto and how bitcoin works, I just understood that’s the future. I think it’s the freedom that crypto offers that really attracted me.”“I’m a guy who has lived in multiple countries around the world, even at a very young age. So the concept of a country or a border is more virtual to me. And when you’re traveling between different countries, you know the difficulties with traditional fiat currency.”“Like for example, if I have my money in one country and I moved to a different country and try to pay, it’s really awkward. The system doesn’t work very well. So that’s how I got into crypto.”
ZHAO DOESN’T CONSIDER BINANCE SUCCESSFUL
As he looks ahead, Changpeng Zhao says he’s proud of the progress Binance has made so far. However, he does not consider Binance to be “hugely successful.” That’s because the industry is still developing, and his team is still very small and young.
“For Binance, our achievements and success so far are just ― I hope ― at the beginning, so I don’t view Binance as hugely successful.”“I think as an industry and as a company or as a team, we’re still very small and we’re still very young. So there’s still a lot of work to do.”
WORDS OF ADVICE: ‘IGNORE ALL THE NOISE’
Zhao says it’s important for the crypto industry to not become stagnant or get distracted by media hype. The most important thing, he says, is to stay focused and do the work.
“Look, there’s a lot of random noise in the crypto industry and outside of the crypto industry about us. The best advice [to crypto entrepreneurs] I can give is: Keep your head down, figure out your strength, and use your strength to build a product that other people will use.”“As long as other people use your product, then your product has utility value. Just keep your head down and keep adding value. That’s the best advice I can give. Ignore all the other noise.”
Changpeng Zhao Image from REUTERS / Darrin Zammit Lupi
High quality Binance gifts and merchandise. Inspired designs on t-shirts, posters, stickers, home decor, and more by independent artists and designers from around the world. All orders are custom made and most ship worldwide within 24 hours. To place this into perspective for a novice trader - if you use Bitcoin to purchase $100 of a product, Binance will charge 10 cents on the trade.Understanding this concept is not important, all you need to know is that Binance can process transactions quickly and that's good! I have had problems with lag on certain trading exchange platforms, particularly Poloniex, and this lag has resulted in ... BNB tokens are used as well for Binance Launchpad which is a method for investing in specific ICOs on the Binance exchange. The ICOs are listed on the Binance exchange post-ICO. Binance plans to use 20% of the profits to purchase the BNB back from the open market. This was something that many of you in the bear community noticed, but I sure ... The price of Binance Coin is at risk of losing the $15 level and losing ground to Bitcoin as BNB falls below this mark. The altcoin news showed BNB losing the daily uptrend weeks ago and not being able to recover.. It was not long ago when Binance Coin was outperforming the entire cryptocurrency market and when every announcement pushed the price of BNB up by 5% or 10%. Buy Bitcoin on Binance! How to trade in a bear market. One of the simplest strategies traders can use in a bear market is to stay in cash (or stablecoins). If you’re not comfortable with prices declining, it may be better to simply wait until the market gets out of bear market territory. Bitcoin has formed a flag from a move down, which indicates that this current flag has bias to have bearish outcome. RSI and MACD on 2h time frame are neutral. EMA's 200 and 50 are in downtrend. I expect the price to test $10.560 and fall from there to $10.360 and then retest $10.200 level, which would be the least bearish outcome from this flag. If $10.200 falls, $10.000 is expected. Interestingly, Bitcoin dominance is often affected by the so-called “alt seasons”, in which altcoins gain market share relative to Bitcoin, thus reducing Bitcoin’s dominance. Note, however, that Bitcoin dominance is not always directly affected by bull or bear markets because it is a ratio, not an absolute term. This means that if Bitcoin ... 3X Short Bitcoin Token price today is $0.355073 with a 24-hour trading volume of $1,905,115. BEAR price is down -3.6% in the last 24 hours. It has a circulating supply of 0 coins and a max supply of 11.7 Thousand coins. FTX is the current most active market trading it. What are Binance BULL, BEAR ETHBULL,ETHBEAR tokens ?: What does 3x long Bitcoin token or 3x short ethereum token mean ? What is the logic behind the pricing of these leveaged coins that have newly been listen on Binance. BULL, BEAR, ETHBULL and ETHBEAR tokens are FTX self-leveraged tokens prices of which are determined by Bitcoin and Ethereum. Update: Binance has decided to de-list the FTX leveraged tokens, including BEAR. Read more about the exchange's decision here.. Trade leveraged tokens on Binance. Binance is the most popular cryptocurrency exchange in the world, and it has earned this title by constantly introducing innovative features to its platform. A relatively new addition to Binance’s already extensive offering are ...
What is ETH bull & ETH bear on binance ?, How to trade bull & Bear - CRYPTOVEL
0:00:00 Binance Poll Reveals Only 20% of Bitcoin Holders Have Experienced Bear to Bull Transition 0:00:06 This update is brought to you by "CoinCheckup News Updates" and was originally published ... WATCH LIVE DAILY: https://ivanontech.com/live 😎 FREE CODING WEBINAR: https://academy.ivanontech.com/code ️ START TRADING (get great starter deals): https:... What is ETH bull & ETH bear on binance ?, How to trade bull & Bear - CRYPTOVEL ... Binance : https://www.binance ... #BITCOIN #CRYPTOCURRENCY #TECHNICALANALYSIS. Category Education; Show more Show ... I traveled to Binance Conference in Singapore to see what's the happening with the crypto scene and gauge the current mood in crypto. 1:19 Conference Impress... #bitcoin #blockchain #crypto - NON OF THIS CONTENT IS FINANCIAL ADVICE- STRICTLY FOR EDUCATION AND BANTER ONLY - Looking to Buy or sell BTC in OTC Deals, Sign up here with Caleb and Brown for the ...