1 Million BNB Burnt today - page 7. | Bitcointalksearch.org

JeffBrad12

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Leading Crypto Sports Betting & Casino Platform

Quote from: ImThour on April 16, 2021, 04:58:30 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

IMO, the burn will give a long-term impact. I don't expect there will a big pump after this.
The next IEO will bring binance toanother FOMO again. People have been starting to sell their BNB due to the news about the burn and bearish trend that is happening with bitcoin.

Another correction for BNB will come.

Quote from: CryptoATM on April 16, 2021, 05:13:57 AM

The burn is already done? Why is the price keeps dropping then?

that's a common thing in crypto. people buy the rumor and they will sell for the news. This is the best time for those to take their profit from the market.

goaldigger

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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.

CryptoTech_

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Quote from: CryptoATM on April 16, 2021, 05:13:57 AM

The burn is already done? Why is the price keeps dropping then?

Burn has been done and prices are still going down. You should be aware that we all don't know when Binance buy back tokens to burn. So even though currently the token has been burned, it will not affect the price.
Because it could be that yesterday BNB went up high is the effect of the buyback

CryptoATM

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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

ImThour

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Bitcoin Bottom was at $15.4k

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

Topic: 1 Million BNB Burnt today - page 7. (Read 801 times)