So I had some time to make a post and decided to talk about BSC.
A lot of people hate on BSC, because it's centralised and whatnot. And that's true. VERY true.
BSC is centralised to the core, and it shows. From removal of liquidity by the Pancakeswap team to removal of pools because of insensitive token names, BSC has all the features centralised crap should have.
"Oh Max, but the fees are low" you say.
Well, Ethereum fees were once low as well. Till a lot more people started USING it.
BSC has low fees because very few people use it. Once the number of users increases, we should see a corresponding increase in fees. BSC isn't better than ETH. It just happens to have less users.
Does this mean you should ignore it? No!
There is a ton of opportunity there, and because fees are lower, profit margins are higher!
I made a 5x on b-OPEN and only paid $1 total in fees. A corresponding 5x would have cost me 2% of my earnings on Uniswap.
So please, pay attention to BSC. But know when it's time to jump ship.
Thanks for reading!
