1 Million BNB Burnt today - page 5. | Bitcointalksearch.org

Sendi blackspade team

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Quote from: CryptoATM on April 16, 2021, 04:13:57 AM

The burn is already done? Why is the price keeps dropping then? BNB needs to retrace it's all time high to start surging again but right now I don't see any bullish trend but I believe that 520$ per BNB is still a steal, BCH on the other hand is going to 1000$ wether you like it or not, many people hate BCH but it has what it takes, anyways it's not to late to buy BNB

This news is very busy talking on social media this time, we will never know when Binance buys more tokens to burn, for now it doesn't seem to have much effect on the price, and maybe yesterday's increase in binance was the effect of burning this time, we have to keep an eye on this in case of a downturn and get ready to re-enter when the price improves.

Viscore

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Quote from: goaldigger on April 16, 2021, 04:48:53 AM

I’ve heard about this news today and the hype is already circulating in social media but I don’t think it can affect the price today as we’ve seen pullback on the market.

The previous hype might be intentionally done by CZ because this burning, its hard to tell when will the market reacts on this but for now, let’s just see the price going down and wait for the right price to enter again, the future is still huge for BNB.

The impact on the market not seems too bad this time but not sure in the coming days. I expected panic selling for this especially for the weak holders so possibly dump will surely we have to see. I hope this never happens but we can't stop weak hands people acted like that.

Definitely, it gives a way for investors to accumulate more BNB if that be going to happen and this also helps for the faster recovery which most of the holders worried about.

Princejebs

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Quote from: CryptoATM on April 16, 2021, 04:13:57 AM

The burn is already done? Why is the price keeps dropping then? BNB needs to retrace it's all time high to start surging again but right now I don't see any bullish trend but I believe that 520$ per BNB is still a steal, BCH on the other hand is going to 1000$ wether you like it or not, many people hate BCH but it has what it takes, anyways it's not to late to buy BNB

Those who are in for short gain are pulling out and again, bitcoin whales are selling off because of the imminent correction on the weekly time frame Macd indicator.
When you picture it clearly from very first burn until now, binance never sleep. And it they don't, expect bnb price to keep soaring at any fundamental news.
Binance want to lead in every aspect of crypto, including defi that's why they quickly listed yearn finance on its first listing before the defi boom including farming of token as as well as liquidity.
Bnb is good for long term and not to be traded by a juvenile.

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Quote from: livingfree on April 16, 2021, 04:00:43 PM

Maybe it could go as high as $1000. But as it goes, there seems to be a slow down and a dip came.

You don't expect the effect of it to come after the burn that just happened. BNB burning will lessen the supply and we're all aware that if there's a lesser supply in the market.

It will make the demand and price to shoot up.

don't worry about this drop. we all know how BNB's assets will be in high demand in the future. despite the downturn and not what we expected in the current burn, we will see it make improvements in the future. just enjoy the current market for better investment planning. wait for bitcoin to strengthen, we'll see BNB in action.

7788bitcoin

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Quote from: ampu on April 16, 2021, 11:38:30 AM

Don't believe too much in events like this, trust the price line. Binance announced their next BNB burn just in time before the event. The decrease in BNB's price is the correction of the whole market. There are many discounted cryptocurrencies not only BNB.
In my experience, take profits before a project event happens. Perhaps many people took profits before BNB was burned.

When you look at logic when there is millions of coins burned it should reflect in the market and if the argument of the entire market going down might have caused the price to go down then it is a valid point as the BNB market was rallying for quite some time and it is not a big surprise we are seeing a minor correction and we might see the affects of the burned coins during the next pump.

livingfree

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Maybe it could go as high as $1000. But as it goes, there seems to be a slow down and a dip came.

You don't expect the effect of it to come after the burn that just happened. BNB burning will lessen the supply and we're all aware that if there's a lesser supply in the market.

It will make the demand and price to shoot up.

rozak

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Quote from: kevinzxz on April 16, 2021, 03:43:46 PM

I am sure the price of BNB will increase by at least $1000 this year and I think now is still the right time to invest in BNB, because the price of BNB is still down and has not increased after token burn, so you can still get a big profit if you invest in BNB at this time, therefore I think you shouldn't miss your opportunity to invest in BNB before the price of BNB increase very high.

Not all burning coins will instantly make a pump on the market.
In fact, the pump condition actually happened before the combustion occurred because there were hopes from investors regarding the combustion which would increase the price. but none of that also happened.
if the pump does not occur immediately after combustion, there will usually be a pump in the following season.
pump increases will definitely happen because seeing the high demand for BNB and the combustion will reduce market supply.

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Quote from: DaMut on April 16, 2021, 11:33:52 AM

The jump already happened a few minutes after Cz revealed the hint about the burn on his twitter pushing the price from 507$ to 543$, and do not forget the fact Bnb already went up these past few months due to this burn event. as matter of fact, at the time of the event or post event there will be no significant change in price instead it will bleed slowly.
people are selling their bags on news and buy it when they hear a rumour. it happened many times before even Bitcoin itself did the same thing.

This is just a coincidence. It is easier to pay attention not to the words CZ, but to the bitcoin movement chart, because, as a rule, the movement of all altcoins and BNB is no exception, depends on the movement of the BTC price. And today's BNB chart completely repeats the BTC price change chart.

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Quote from: ImThour on April 16, 2021, 03:58:30 AM

Hey,

If you are not aware of this, Binance today burnt 1 Million BNB worth $500 Million dollars. What is the expected price jump in BNB due to this?

Would love to know your feedback

I am sure the price of BNB will increase by at least $1000 this year and I think now is still the right time to invest in BNB, because the price of BNB is still down and has not increased after token burn, so you can still get a big profit if you invest in BNB at this time, therefore I think you shouldn't miss your opportunity to invest in BNB before the price of BNB increase very high.

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Quote from: ImThour on April 16, 2021, 03:58:30 AM

Hey,

If you are not aware of this, Binance today burnt 1 Million BNB worth $500 Million dollars. What is the expected price jump in BNB due to this?

Would love to know your feedback

I have heard about this news on every social media, seems to be the major news for today followed by the crazy doge well that aside, I'm just wondering why this is the most hyped burning, and I think evn after the burn today the price of bnb is still dropping maybe its a correction after the huge pump a few days back, i expect bnb to break into $700 to $800 with the next pump, if there will be any though,but we will definitely see bnb pump anytime soon.

cafee_orange

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surely Binance wants more than the current price. maybe they want each 1 unit of bnb to be priced at $ 1000 or more. Just imagine, before they burned BNB with that amount the BNB had become an Altcoin having a very good quarter and dominating the market. and of course after the burning occurs I am sure the price of BNB will continue to improve

reza7777

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Even when they did burned tokens I saw no movement whatsoever because currently all markets are still slightly down, anyways the burned token will not immediately give positive things to the project but will go up significantly and BNB is still very likely to reach price of $1000 $1500 in 2021 (only my estimate)

jerrison

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CZ and his crew in Binance keep taking the bold step and keeping jaws dropping in the crypto space. The mechanism of price appreciation is seeing new turns even in the face of bulls, we obviously have seen the most expensive burn (if i am not mistaken) in the future of cryptocurrency space. Although, i still wonder why the price of bnb is not affected by the burn but then it doesn't count.

Quote from: ImThour on April 16, 2021, 03:58:30 AM

Hey,

If you are not aware of this, Binance today burnt 1 Million BNB worth $500 Million dollars. What is the expected price jump in BNB due to this?

Would love to know your feedback

Asuspawer09

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Quote from: ImThour on April 16, 2021, 03:58:30 AM

Hey,

If you are not aware of this, Binance today burnt 1 Million BNB worth $500 Million dollars. What is the expected price jump in BNB due to this?

Would love to know your feedback

Burning BNB just means that prices will push up back for sure, and it already happened because of that announcement, but as an investor, you need to make a profit in it and that's what people are doing.

From around 250$ price of BNB, it jumps up to around 600$ so we could surely expect people to make some profit from it, especially if you know how the market works and as well as if you know how to exchange token works.

It's still bullish from 250$ I made a few mistakes selling some of my BNB around 400$ but still, I'm in profit anyway, But we could surely expect a skyrocket to its market price next month.

JooBra

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Quote from: manok jepang on April 16, 2021, 01:19:00 PM

I think this is a very good step taken by BNB, because it can support price increases, even though the increase takes process and time, I am sure BNB will reach $ 1000 in the next few months, hopefully this burning can provide positive things for the development of binance. in the future,

Well BNB at least has good background and the coin has use to it. We are seeing what is happening with DOGE and hype pump. At least there are coins like BNB who deserve the hype and to rise more.

manok jepang

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I think this is a very good step taken by BNB, because it can support price increases, even though the increase takes process and time, I am sure BNB will reach $ 1000 in the next few months, hopefully this burning can provide positive things for the development of binance. in the future,

Alanaz

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Quote from: CryptoATM on April 16, 2021, 04:13:57 AM

The burn is already done? Why is the price keeps dropping then? BNB needs to retrace it's all time high to start surging again but right now I don't see any bullish trend but I believe that 520$ per BNB is still a steal, BCH on the other hand is going to 1000$ wether you like it or not, many people hate BCH but it has what it takes, anyways it's not to late to buy BNB

don't be in a hurry it all takes time because basically everything doesn't happen instantly.
because some speculation is still possible we just need to wait for the bullish tern there for BNB because what I saw from a few weeks ago the increase in the price of BNB is not from the BURN effect but many fomo and buyback that makes BNB soar very large.
but for BNB itself I'm sure it will continue to rise just waiting for the time. usually on the weekends will go up frantically.

Review Master

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Quote from: ImThour on April 16, 2021, 03:58:30 AM

What is the expected price jump in BNB due to this?

Burning event already showed the surge of BNB when it's announced for the first time after the recent IEO and it's on the dumping phase as the event is done. So, every one of those who are familiar with the situation of burning events, might taking short position on BNB for future trades which is obviously for short period of time. BTW, BNB might target for $1k milestone if there will be another IEO in the upcoming weeks, IMO.

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Quote from: CryptoATM on April 16, 2021, 04:13:57 AM

The burn is already done? Why is the price keeps dropping then? BNB needs to retrace it's all time high to start surging again but right now I don't see any bullish trend but I believe that 520$ per BNB is still a steal, BCH on the other hand is going to 1000$ wether you like it or not, many people hate BCH but it has what it takes, anyways it's not to late to buy BNB

BNB coin was pumping recently because of the news that the coin burn which happened today. As always, the coins pumps prior to any event and dumps on the event day. I think same happened with Binance BNB coin. Remember, buy the rumor and sell the news Wink

Anyhow, bnb is still good to buy and we have another chance to buy it under 500$.

Tigerheart3026

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Quote from: CryptoATM on April 16, 2021, 04:13:57 AM

The burn is already done? Why is the price keeps dropping then? BNB needs to retrace it's all time high to start surging again but right now I don't see any bullish trend but I believe that 520$ per BNB is still a steal, BCH on the other hand is going to 1000$ wether you like it or not, many people hate BCH but it has what it takes, anyways it's not to late to buy BNB

Yes, burn completed a few hours ago. Many holders was waited for sold their token after burn they expected price will be increased but unlikely price is going down i think it's a correction even now as you can see many top coins going down trend. now good time to buy BNB to big profit in the long run.

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