RE: How Crypto Lending Platforms Are Encouraging Short Markets

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I am a Jessie,

As we speak I was loading up more funds onto the Binance Smart Chain. I really think it is going to be a game changer for leveraging my crypto that was just sitting there doing nothing. I can Earn on it with Venus but also pull out some equity and then buy other crypto. My main plan is to pull out the equity and then do Stable Coin to Stable Coin liquidity pools on Pancake Swap to earn Cake and I will use that to pay off the loans and buy other cryptos. Endless possibilities.

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I’m not that confident on BSC yet I have a couple of bones In there doing some work for me but I don’t see it as much of a game changer but an ETH supplement just like most chains it’s decentralized theatre and I’m no fan of binance. You never know when they’ll pull a fast one on you

I think BSC still has room to grow and continue to piggy back on ETH and it’s infrastructure but i don’t see it taking ETH out completely, BSC and TRON aren’t innovative products they just sit around wait to see what ETH does and copies it after a while they also stagnate since they’ve never had to come up with ideas of their own

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I get what you are saying of them trying to sit back and scalp what other chains have had success with. I think at the end the fees are so high on ETH that the only thing that will drive real demand to it is just new people showing up buying into ETH but not ever move it off the exchanges. I just moved a bunch of ETH over to the BSC. I'm connecting with my Ledger but I am still concerned about security.

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But it's not just ETH we must think of all the assets also stuck on ETH theres billions in WBTC stuck on ETH, there are a range of Wrapped and Native tokens all facing the same issue now so like you say smaller buyers are keeping in exchanges and that's probably also affecting the prices as less coins can move around, you effectively looking any coin value lower then lets say $1000 in my opinion because if you paying 20-30 bucks it only makes sense to give up say a 2-4% to move it other than that to me its a waste.

I have a Bit of BNB and bHIVE on BNB but don't plan on using the chain all that much, just like to mess with new things so I know what they are about. Last time I made the mistake of chasing so many coins, so this time I want to take my time and think about whats going on first.

Besides BTC is doing so well for me already I don't want to be greedy

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