Read on Twitter
1. So yesterday was an ATH for #BNB 
. Three main reasons - diversification to alt coins, the work that @cz_binance has done to build relationships with other ecosystems and bring attention to @binance, and #bsc players
. Three main reasons - diversification to alt coins, the work that @cz_binance has done to build relationships with other ecosystems and bring attention to @binance, and #bsc players
2. The first reason can’t be controlled, that’s the market’s doing. The second reason depends on @cz_binance (which isn’t a bad thing), but a person can only do so much. The third reason is the sticky part - what has brought and will continue to bring $$
3. If there is fundamentally interesting things, whether it’s about making more money ( #defi) or tech innovation, #BSC has to continue pushing the boundaries. If it does, then a long bet on #BNB will reward investors.
has to continue pushing the boundaries. If it does, then a long bet on #BNB will reward investors.
4. In the meantime, #BSC investors (which is a small but growing pool) need to continue to encourage other projects to succeed. The default position should be to encourage, and if there is an overt rug/scam, to call it that. Otherwise, that word should be avoided like the plague.
investors (which is a small but growing pool) need to continue to encourage other projects to succeed. The default position should be to encourage, and if there is an overt rug/scam, to call it that. Otherwise, that word should be avoided like the plague.
5. It is still so early and #BSC investors should not entrench themselves to “favoured” projects. Competition is a not a zero-sum game. There can be two projects working on similar ideas or trends, and both can succeed.
investors should not entrench themselves to “favoured” projects. Competition is a not a zero-sum game. There can be two projects working on similar ideas or trends, and both can succeed.
6. Conversations on TG should also elevate. Instead of asking for “when moon”, topics should be about sharing ideas and how to take the project further forward.
Don’t be a drive-by investor, be an active investor. That’s the only way you can ensure price action.
Don’t be a drive-by investor, be an active investor. That’s the only way you can ensure price action.
7. One specific example is with $BAKE. The price improved dramatically when the community actively made contributions. When the fudders arrived, price went down. That’s the only tried and true law on TG. Which boggles my mind why ppl fud because that only drives down price
8. Lastly, investors can come in and out of projects, and sometimes leave a group and come back. It’s normal and ppl take positions and leave. All good and we all have different incentives that drive our behaviours.
9. @cz_binance tweeted this but I don’t think the low fees matter as much - it’s just a hygiene factor. It’s the innovation on #bsc that makes it interesting https://twitter.com/cz_binance/status/1343853954568896516
that makes it interesting https://twitter.com/cz_binance/status/1343853954568896516
