Topic: 1 Million BNB Burnt today - page 6. (Read 810 times)
This is what I want to hear how all of you speculate regarding the burning that was carried out by the Bnb, even though it looks like it fell, but is this a square off to prepare a much crazier power. I hope that the Bnb will be able to give good wishes to the holders.
Pumps don't happen in a blink just because they burnt their coins.
But, this is good news.
They can waste that high amount just for burning. If it's one of their marketing strategies then good.
I bet a lot of investors will now give a damn about BNB. Let's just absorb what happens first then maybe we can see movement in a month or maybe even faster than that. I already bought my BNB before and even with dumps that are coming, I won't budge just yet.
But, this is good news.
They can waste that high amount just for burning. If it's one of their marketing strategies then good.
I bet a lot of investors will now give a damn about BNB. Let's just absorb what happens first then maybe we can see movement in a month or maybe even faster than that. I already bought my BNB before and even with dumps that are coming, I won't budge just yet.
Yes it's not! A very big chance that the hypes happened before this burning of coins, those early holders are taking advantages for holding
before the price pumped.
They are now dumping and trying to take another good position while weak holders are rushing to sell their coins fearing that they'll be left behind.
The after effect of this action may take some months, new investors who noticed this correction will surely take this opportunities.
While the markets were good, Bnb took good advantage of this coin burning event and rose to $ 650. It has withdrawn a little now, but as long as the dogecoin movement is completed, Bnb may move again.
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.
In my experience, take profits before a project event happens. Perhaps many people took profits before BNB was burned.
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$, and do not forget the fact Bnb already went up these past few months due to this burn event. as matter of fact, at the time of the event or post event there will be no significant change in price instead it will bleed slowly.
people are selling their bags on news and buy it when they hear a rumour. it happened many times before even Bitcoin itself did the same thing.
people are selling their bags on news and buy it when they hear a rumour. it happened many times before even Bitcoin itself did the same thing.
It is the opposite, BNB price is going lower and i guess this is the correction from the ATH price few days ago.
I think many people was waiting to sell their coin after burn and hoping it reach very high price.
When they see the price is not rising anymore, they sold their BNB coin and that's why the price going down.
I think many people was waiting to sell their coin after burn and hoping it reach very high price.
When they see the price is not rising anymore, they sold their BNB coin and that's why the price going down.
There is more room for growth on BNB coin, I'm guessing over 700$ soon but the fact still remains and that is when bear market? The moment you started asking yourself this question I'm sure you are already playing the safest game, take profits just in case
Btw this discussion is more better asked in the speculation section.
Price is not always follow fundamental reason, that is just 1 factor remind that bitcoin price also down right now.
So there are many factor why price rise and dump. You can't just look at 1 factor to predict where the price will go
Price is not always follow fundamental reason, that is just 1 factor remind that bitcoin price also down right now.
So there are many factor why price rise and dump. You can't just look at 1 factor to predict where the price will go
After the burn there is no effective movement in the price of bnb I was expecting a decent jump in its price but that didn't happen anyways It's all depends on further movement of the market although this bnb burn will leave a positive impact on the value of bnb for sure hopefully there might be a decent growth in the price of bnb.
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
Yeah and that is the 15th time they burnt BNB. Some people said that it will reach around 700 usd for the next few days and some said that it could reach over 2000 usd because aside from burning tokens, bnb is already showing a great sign and trend to pump. 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
What is the expected price jump in BNB due to this?
$1000 price with BNB is still possible and many predicted BNB to reach that price this year but don't expect that burning of supply will make the price pump instantly, you still have to wait for this strategy to takes effect and if we're able to rise again after this pull back, then the up trend might continue with the good projects. Anyway, they burnt a huge amount of supply and it can really affect the value of BNB in the right time it is bound to become more expensive in the coming years.
what do i think? is a strategic move by binance to artificially inflate the price of bnb and of course it will work
I am curious about what happens to BNB after the burn process is finished. If that can lift the price to the high price, that will be good for the investors because they will make a big profit and sell it and get their money back. But I guess the price will not jump in a short time because the market needs to adjust the price first before the price can increase. But if the price can increase shortly, that will be the time for us to sell and take profit.
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
It doesn't mean automatic price increase, BNB has been doing very good even before the burnt, so we don't know if those guys have anticipated the price will increased prior to the burnt that's why there's no more pump in the price. Usually this is what happens to other coins that has the same protocol. Investors are wise enough enough to get it early and then wait for the actual burnt date. In short, the burnt price is already in. If you are not aware of this, Binance today burnt 1 Million BNB worth $500 Million dollars. What is the expected price jump in BNB due to this?
Would love to know your feedback
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The burn is already done? Why is the price keeps dropping then? BNB needs to retrace it's all time high to start surging again but right now I don't see any bullish trend but I believe that 520$ 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
It's maybe because after the pump people trying to take profit and therefore the effect of BNB burning overshadowed by the dumping but burning itself also doesn't always guarantee price increase. So many cases out there I've seen where the developers trying to burn the coin either through buy back or other method but ended up having no impact to the market whatsoever, it's at the end of the day always depends on the demand in the market otherwise if the demand is kinda low burning is just reducing total supply and that's it.Though I actually think that the pump caused by burning already happened right after announcement not when the deed is done.
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
Hi mate it doesn't really mean a token burn would let the price hike instantly. Yes it is helping in the scarcity of the supply makes the token more in demand but that's not a good basis for a price jump. I dont know but I think BNB is already overbought and still needs retracement. The price jump so much since the start of the year and that's need a healthy retracement. 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
Pumps don't happen in a blink just because they burnt their coins.
But, this is good news.
They can waste that high amount just for burning. If it's one of their marketing strategies then good.
I bet a lot of investors will now give a damn about BNB. Let's just absorb what happens first then maybe we can see movement in a month or maybe even faster than that. I already bought my BNB before and even with dumps that are coming, I won't budge just yet.
But, this is good news.
They can waste that high amount just for burning. If it's one of their marketing strategies then good.
I bet a lot of investors will now give a damn about BNB. Let's just absorb what happens first then maybe we can see movement in a month or maybe even faster than that. I already bought my BNB before and even with dumps that are coming, I won't budge just yet.
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
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 don't expect a huge price pump due to the burn today because i think that this price pump already happened in the last two weeks. That is similar to "buy the rumour, sell the news" in my opinion, so before an event occurs the price pumps but once the event is there and happening the price is going down most of the times. In this case though i don't think we see a big dump. I expect not to much price movement because of the burn at all. If the price stays relatively stable that would be already a success in my opinion.
Don't expect price surge instantly, market is retracing presently, even btc is down but I'm sure that once this weekend is over crypto market will turn more greenish again maybe then BNB will continue it's bullish trend 📉📉📉
These tokens will be redeemed by the Binance Exchange and compressed every 3 months until their total supply reaches 100,000,000.
1,000,000 tokens is not such a large number against the background of the total supply.
Now there is a bull market, so the price of a coin can rise under any pretext. Binance will burn its tokens for many years to come.
1,000,000 tokens is not such a large number against the background of the total supply.
Now there is a bull market, so the price of a coin can rise under any pretext. Binance will burn its tokens for many years to come.
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