Should I keep my BNB or Sell it? - page 12.

irsykes

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Quote from: Inspiron14 on January 23, 2023, 11:02:12 AM

Quote from: ije07 on January 23, 2023, 04:05:59 AM

not a good decision if you sell everything. besides that the current BNB price is also stable at $300 so I think BNB still has a good future. but if you are obsessed or worried as your friend said, maybe you can convert some to BNB and some to BTC.

True, however, selling everything in its current state is not the right decision and it is better to be patient to hold it in,
BNB is very good for long term investment so don't hesitate to keep holding it,
but regardless of anything it all depends on the decision of each.

I prefer to sell altcoins at this time. i entered altcoins when prices were low and now altcoins are all up. and buy again when altcoins go down again later, the nature of altcoins is always fluctuating, and I think bitcoin will still have another correction in the future, that's an important part for me to buy

RealMalatesta

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Quote from: TheGreatPython on January 23, 2023, 01:48:01 PM

But Binance or BnB is still too centralized. I am sure you already heard what happened with FTX and its coin. A lot of people then look back to Binance and starts to worry about its future and what if it fails one day? My only advice for those who want to continue is just be vigilant on what is happening with binance and its coin.

But before anything else, id like to congratulate the OP for getting a juicy $800 out of that airdrop only. That was rare nowadays knowing that there are now lots of scams. If you want to @OP you can keep some of your BnB and then sell or trade most of it for Bitcoin. You can also allocate some for stable coin to have something to get in case of emergencies.

This basically shows how little people like their governments. Fiat is controlled by governments and BNB is controlled by basically CZ. Sure there are some other board members and all but that's really not that important. And yet we are seeing some people putting their money into BNB instead of fiat.

Because, they prefer that instead. I have to say that I am one of those people and I am putting some of my money into BNB as well, I rarely keep any fiat at any given time, only have some for the sake of paying for things, but aside from that I do not have anything at all like that, I just use my current situation towards making sure it's fully in crypto so I could make more profit.

maxtra

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Quote from: Shobhikhan_007 on January 12, 2023, 10:33:50 AM

I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.

Binance Coin (BNB) is the native cryptocurrency of the Binance exchange. It can be used to pay for trading fees on the exchange, and its value can fluctuate depending on demand for the exchange's services. Apart from the exchange, Binance has many other products that are widely used by industry professionals on a daily basis.

Some experts believe that Binance Coin has a bright future, while others may have different opinions. However, it's important to remember that cryptocurrency is a highly speculative and volatile asset class, and past performance is not necessarily indicative of future results.

Since you received the BNB tokens by exchanging the NFT, converting your BNB to a stablecoin such as USDT or USDC can provide a sense of security in case the value of BNB drops. Investing in Bitcoin, which is considered to be one of the best-performing cryptocurrencies over time, can also be a good option.

Ultimately, the decision is yours and you should do what you feel most comfortable with.

TheGreatPython

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Quote from: Bobrox on January 22, 2023, 12:45:05 PM

I don't think have huge problem when investing or keep holding your assets in Binance coin, after dominance as top global exchange for Binance market I don't have doubt with BNB potential at the future. Binance exchange have been success monopoly all exchange global right now and I think huge potential for the future with BNB coin.

Still not late for investing in BNB nowadays because price on $300 has potential with BNB back to all time high price almost reach above $680 last one year, I sure with Binance as monopoly exchange they have chance make new higher price for BNB coin few months later actually how consistency and stable price from Bitcoin.

But Binance or BnB is still too centralized. I am sure you already heard what happened with FTX and its coin. A lot of people then look back to Binance and starts to worry about its future and what if it fails one day? My only advice for those who want to continue is just be vigilant on what is happening with binance and its coin.

But before anything else, id like to congratulate the OP for getting a juicy $800 out of that airdrop only. That was rare nowadays knowing that there are now lots of scams. If you want to @OP you can keep some of your BnB and then sell or trade most of it for Bitcoin. You can also allocate some for stable coin to have something to get in case of emergencies.

Inspiron14

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Quote from: ije07 on January 23, 2023, 04:05:59 AM

not a good decision if you sell everything. besides that the current BNB price is also stable at $300 so I think BNB still has a good future. but if you are obsessed or worried as your friend said, maybe you can convert some to BNB and some to BTC.

True, however, selling everything in its current state is not the right decision and it is better to be patient to hold it in,
BNB is very good for long term investment so don't hesitate to keep holding it,
but regardless of anything it all depends on the decision of each.

Abiky

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Quote from: fzkto on January 22, 2023, 12:15:10 PM

It doesn't matter if it's a centralised exchange, if it's Binance. I'm sure BNB is very profitable to buy now, just like ETH or BTC. Binance is a monopoly that controls the whole cryptocurrency market. Once the bull market starts, BNB will be one of the growth leaders. Especially since BNB is no longer just an exchange token.

That's certainly true, mate. Binance controls the crypto market, so it could easily lead BNB all the way to the moon whenever it wants. The exchange is simply too big to fail. Other competing chains may have better features and a wide number of projects supporting them, but they're missing the most important thing which is exposure. BNB has everything at its disposal, thanks to being tied to the biggest crypto exchange in the world. It may have suffered deeply in price, but I'm confident it will bounce back after the next bull market.

Buying and "hodling" BNB now would be the wisest decision to make. Who knows if you become the next crypto millionaire? Just my opinion

Shobhikhan_007

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Quote from: jeraldskie11 on January 22, 2023, 12:22:19 PM

Quote from: Shobhikhan_007 on January 12, 2023, 10:33:50 AM

Hi, I'm new to here. So just want to ask your help or guide.

I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.

If I were you, I rather hold it than to convert it in Bitcoin. Bitcoin is not so volatile compare to altcoins that's why most people convert it to Bitcoin. But if you're looking for an altcoin that has nearly the same volatility of Bitcoin, I will suggest you to go for BNB. BNB is the top 4 in the highest marketcap in coinmarketcap. I will assure you that this coin has a future and only has a little risk.

Yeah yeah I agree with you

ije07

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not a good decision if you sell everything. besides that the current BNB price is also stable at $300 so I think BNB still has a good future. but if you are obsessed or worried as your friend said, maybe you can convert some to BNB and some to BTC.

Sebas.tian

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Don't sell your binance now, because the price of coins is changing gradually in the crypto market which it can cause many investors to experience a massive income in their long term and short term trade. Those that exercise patience with their binance some years ago really benefited from their investments that made them to have full confident in binance investment till today which such thing can still happen to binance investors in this new year 2023. Since Bitcoin price has started pumping few days ago, showed there is a big hope for binance investors because the price of binance will definitely increase higher before the end of this month.

Inspiron14

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Quote from: jeraldskie11 on January 22, 2023, 12:22:19 PM

Quote from: Shobhikhan_007 on January 12, 2023, 10:33:50 AM

Hi, I'm new to here. So just want to ask your help or guide.

I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.

If I were you, I rather hold it than to convert it in Bitcoin. Bitcoin is not so volatile compare to altcoins that's why most people convert it to Bitcoin. But if you're looking for an altcoin that has nearly the same volatility of Bitcoin, I will suggest you to go for BNB. BNB is the top 4 in the highest marketcap in coinmarketcap. I will assure you that this coin has a future and only has a little risk.

BNB also still has great potential to reach $1000 in the future, or maybe when the next bull market BNB will be more than $1000,
this reminds me of Ethereum where the price of Ethereum in 2020 is still very cheap and able to stay above $1000 this year even though the bull market has been done,
BNB also I'm sure will do just that, so be patient and still hold your BNB.

abralzain17

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Quote from: Rana590 on January 21, 2023, 03:05:36 PM

Quote from: abralzain17 on January 21, 2023, 02:00:32 PM

Quote from: Shobhikhan_007 on January 12, 2023, 10:33:50 AM

Hi, I'm new to here. So just want to ask your help or guide.

I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.

maybe in the future BnB won't have any problems like what Ethereum has experienced before, namely an increase in transaction fees so that many migrate from ethereum, I myself am still optimistic about holding a few dollars in the form of BNB, but I don't only hold BNB, but there are also a few dollars in Bitcoins, the goal is if the bitcoin price goes up in a better direction then at least I can already profit from it. I think we here need to hold some altcoins and don't forget to store them in bitcoins too.

It is good decision to buy altcoins beside investing on Bitcoin. But we have to ensure and find out potential altcoins. Because there are a lot of altcoins which have no future potentiality and here is a big chance to lose capital. At the time of increasing the price of Bitcoin, the price of potential altcoins will rise also. It is really good way to invest our capital by dividing in different projects.

yes, of course what you are saying is very good advice for all of us, especially for friends who trade here. but we also need to see together when the Altcoin that we want to buy is of course already registered on many exchanges and has developers who pay attention to the development of their tokens. I think this is also very important for us to see if we want to get profit in the future

Bobrox

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I don't think have huge problem when investing or keep holding your assets in Binance coin, after dominance as top global exchange for Binance market I don't have doubt with BNB potential at the future. Binance exchange have been success monopoly all exchange global right now and I think huge potential for the future with BNB coin.

Still not late for investing in BNB nowadays because price on $300 has potential with BNB back to all time high price almost reach above $680 last one year, I sure with Binance as monopoly exchange they have chance make new higher price for BNB coin few months later actually how consistency and stable price from Bitcoin.

jeraldskie11

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Quote from: Shobhikhan_007 on January 12, 2023, 10:33:50 AM

Hi, I'm new to here. So just want to ask your help or guide.

I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.

If I were you, I rather hold it than to convert it in Bitcoin. Bitcoin is not so volatile compare to altcoins that's why most people convert it to Bitcoin. But if you're looking for an altcoin that has nearly the same volatility of Bitcoin, I will suggest you to go for BNB. BNB is the top 4 in the highest marketcap in coinmarketcap. I will assure you that this coin has a future and only has a little risk.

fzkto

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Quote from: trendcoin on January 21, 2023, 06:56:49 PM

Quote from: Shobhikhan_007 on January 12, 2023, 10:33:50 AM

Hi, I'm new to here. So just want to ask your help or guide.

I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.

Centralized exchanges are one of the most dangerous structures of this market. However, we still need centralized exchanges very seriously. That's why we continue to use them. Binance is by far the best among centralized exchanges. In my opinion, there is no better centralized exchange than Binance. However, we must always remember the case of the Titanic.

I think you can add solid cryptocurrencies like Bitcoin and Ethereum to your portfolio. If you do this, you reduce your risk. I wish you good luck...

It doesn't matter if it's a centralised exchange, if it's Binance. I'm sure BNB is very profitable to buy now, just like ETH or BTC. Binance is a monopoly that controls the whole cryptocurrency market. Once the bull market starts, BNB will be one of the growth leaders. Especially since BNB is no longer just an exchange token.

Psynthax

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Quote from: SUPERSAIAN on January 22, 2023, 09:44:46 AM

Investors who have hold the token of this formation have won since the Binance exchange started operating. Apart from the increase in the price of the BNB they hold, they also won with a variety of options. There were cases such as pool/ community sales, early sales, and those who hold a bnb benefited from these advantages. As long as the Binance exchange continues.

agreed with this one, just holding binance might already gives benefit considering how many coins are distributed for BNB holders, that's the reason the value of BNB was increasing so high back then because everyone wanna get the same fortune, even though it seems BNB just stuck, but it can't be denied that in future bullruns once there are many flows of new projects and investments, BNB will definitely rise again rather easily.

Jody.Drummer

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It depends on how you really are because regardless of anything it is your choice. If you want to be in BNB then do it because BNB is also actually quite good for altcoins apart from ETH. But it would really be great if it was actually in bitcoin because regardless of anything bitcoin is definitely more worth it.
Even though it's currently at $21k I think it's still good enough to be there for now although there may be a possibility of a fresh dip but in this case it's still good enough to be there for now while waiting for the bull market to arrive.

Mr. Magkaisa

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Quote from: Ojima-ojo on January 19, 2023, 05:33:04 PM

Quote from: Shobhikhan_007 on January 12, 2023, 10:33:50 AM

Hi, I'm new to here. So just want to ask your help or guide.

I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.

Personally I prefer Bitcoin to any other coin, although BNB is a viable project with a good track records but then this is altcoin and anything can happen to BNB price anytime but unlike Bitcoin that have a relatively stable price with minimum risk ratio.

But if I have enough money to invest for a long time will tell prefer to buy more low volume coins so that I can accumulate enough of that coins to maximize profits.

- There is no denying that Bnb is among the top altcoins in this cryptocurrency industry. Maybe if I were a rich person and had a lot of money, I would buy a lot of BNB. That's why I'm not among the rich people of this age.

Perhaps, instead of buying Bnb these days, I would prefer to invest a little more in Polygon or Matic because I see it as the next Bnb in the future due to the developments it is currently making and even the potential in the future.

SUPERSAIAN

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Investors who have hold the token of this formation have won since the Binance exchange started operating. Apart from the increase in the price of the BNB they hold, they also won with a variety of options. There were cases such as pool/ community sales, early sales, and those who hold a bnb benefited from these advantages. As long as the Binance exchange continues.

Xal0lex

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Quote from: Shobhikhan_007 on January 12, 2023, 10:33:50 AM

Hi, I'm new to here. So just want to ask your help or guide.

I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.

Are your friends market makers for large hedge funds? If not, you should definitely not rely on their opinion, it's just their opinion, which only pretends to be the truth and is not. Always do your own research, not listen to empty investment advice from people. Regarding BNB, there has been a lot of FUD around it over the last month, but it has survived the ordeal and is up 40%, even though some were predicting a drop to $160. As long as BNB Chain and Binance are alive, BNB will be valuable.

poodle63

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Quote from: abralzain17 on January 21, 2023, 02:00:32 PM

Quote from: Shobhikhan_007 on January 12, 2023, 10:33:50 AM

Hi, I'm new to here. So just want to ask your help or guide.

I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.

maybe in the future BnB won't have any problems like what Ethereum has experienced before, namely an increase in transaction fees so that many migrate from ethereum, I myself am still optimistic about holding a few dollars in the form of BNB, but I don't only hold BNB, but there are also a few dollars in Bitcoins, the goal is if the bitcoin price goes up in a better direction then at least I can already profit from it. I think we here need to hold some altcoins and don't forget to store them in bitcoins too.

surely BNB could mitigate the same problems that ethereum have since it was designed for scalability by looking at ethereum and sees the thing that needs some fixing so I guess it's right that BNB will never ever face the same scalability problems that's currently happening in ethereum, but that certainly comes with compromises like there's reason why bsc is fully infested with shitcoins right now.

Topic: Should I keep my BNB or Sell it? - page 12. (Read 2822 times)