Hello Guys just checking BNB coin, losing the support, and investors and people are predicting it may further fall, as Binance CZ is solely relying on BNB , what will happen if
1) BNB kept losing its value
2) Till How much value (you think) that BNB can sustain
3) What will happen to public funds, will there be liquidity issue if BNB falls to a certain level
4) What will be your way to save yourself if anything goes bad..
Please share your opinions ...
I think when you open this thread, everyone is going down, including bitcoin who went as low as $15,500 because of the FTX fiasco.
Now though, the market seems to be recovering, bitcoin is above $17k as of this writing. BNB at $291, so I guess them losing value has stop already.
Public funds? they have shown Proof of Reserves but that is for another discussion and I think they have the funds to back their BNB token.
I guess just stick with bitcoin right now and put it on a wallet that you have control of.