BNB Burn is coming - page 2. | Bitcointalksearch.org

WalkerIVIV

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Those who think people will get burnt from buying bnb at this time, I guess time will tell who is right or not, when the bear market comes every market is affected starting from btc, so it doesn't matter if you hold bnb or btc or eth once it is bear market and you didn't do the needful you will get burnt that simple.

I think that's not about that. That being said the burn event for binance will come and what you meant burn in your post is so vague.
The burn that already announced by binance already brought huge demand for BNB

You can't use bitcoin as a way to determine the trend. Binance coin can be dumped even when bitcoin in the bullish trend mode. The fact that we are still in the bullish trend.
I don't even think bitcoin will turn into the bearish trend as soon as possible.

Burn mean more binance already bought by binance in the market send to the default address.

virasisog

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The price is still going up but I think it is risky to make an entry at the moment since the burning will occur soon. I had bought during the dip even though it is near its recent ATH since BNB is the apple of the eye this season. Aside from it's use case BNB aims to solve the high price of ETH transactions which makes it one of the best platforms today and one of the best long-term investments one can make. I will not be shocked seeing BNB surpassing Ethereum in the near future.

SaiyanSS3

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The thing is market is full of whale that would manipulate price in both direction, notoriously buying bnb up or bnb down, they take the calculation with how much leverage is in the investment and how the probability of them making money with hft in trade a direction, they’re not blindly follow the hype, there is little doubt bnb pump is highly leveraged with a lot of borrowed usd, it may become a sweet spot for whale to short and make a killing, avoid fall into the same fate in the like of Wall Street bet.

SaiyanSS3

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Bnb hype train is undoubtedly extreme, giving it a 1000 is quite extreme too because it would move the graph to parabolic, we know the parabolic isn’t sustainable everything that pump parabolic end in the dust it has been the very fate of all many coin included bitcoin itself, not saying binance is not good, but the shill is a bit like McAfee it’s too extreme. CZ is the great actor, he constantly stay positive to shill his own coin of course building morale is the key in marketing.

_IRMAN

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Quote from: FloridaKid on April 12, 2021, 09:56:08 AM

For all those who believe that altcoin rally is just getting started I think there is still time to accumulate BNB, another big burn is coming this month, probably few days away now and imagine what the price will be for a coin that's well adopted thanks BSC.

This is not a financial advice.

You are right, this month's token burn will drive the BNB price to mars. By the way, do you know how to calculate the tokens to be burned? I saw that last quarter 3 million BNB tokens were burned, will this quarter burn the same number of tokens? BNB's price has gone up more than 10x since last quarter's token burn

aprilnot

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Quote from: Ceyflix-Rez on April 12, 2021, 11:12:35 AM

BNB isn't overbought, I will screenshot your claim on BNB @makishart because I'm sure that BNB will go over 700$ soon, out for that fact that BSC solves gas issue that's supposed to be on Ethereum, let's wait and see what happens

yes you're right, bcs solves the problem that has been on the ethereum network. And many people have switched to the BNB network, this proves that the BNB will be quite strong nowadays.

crwth

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I like the idea of how the CZ keeps on telling on that it's still the dip because his vision with BNB is probably higher than the original price, and I think I agree with him. Being one of the top exchanges worldwide generates a lot of profit and gives practical application to cryptocurrency than any other exchange has. A lot of applications have partnered with Binance, just like games, developers, tournaments, etc. It's just catching up. The disclaimer on the "not a financial advise" is just a precaution for sure. But still, if you believe it can rise, it will.

BTC will still be the dominant coin in the future. Maybe BNB can beat ETH? Idk.

Banulit

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Quote from: FloridaKid on April 12, 2021, 09:56:08 AM

For all those who believe that altcoin rally is just getting started I think there is still time to accumulate BNB, another big burn is coming this month, probably few days away now and imagine what the price will be for a coin that's well adopted thanks BSC.

This is not a financial advice.

That is true I have seen the social media post of the founder of bnb where he said that burning of bnb supply will takes place and because of that it will definitely a massive pump in the price of BNB so this the best time to accumulate and stock this coin.

Botnake

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Huge supply will be burn again and its significant based on the current price.

As the supply is down, it's normal to see a price to go up, and BNB has demonstrated that.
It has now reach a new ATH at $600ish, and probably more to come as $1000 is just so reachable at this point.

The party is happening, those who have not ride yet, maybe they need to think wisely now.
FOMO = yes, but possibility to rise more, also yes.

goaldigger

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Quote from: FloridaKid on April 12, 2021, 09:56:08 AM

This is not a financial advice.

This is the line that CZ keeps on sharing and yeah, as we can see the price of BNB reacts on his every tweet.
BNB burning will make this coin more valuable and we might see a $1000 because the hype on BNB is still here and the altcoins season are happening.

Quote from: Zotak337 on April 12, 2021, 02:52:09 PM

If BSC never existed till this day I'm not so sure that BNB can make it this far even with burning off part of max supply, the reason why BNB is a most have in your portfolio right now is because of BSC, this is just the beginning, 1000$ per BNB is possible

That’s why i love BNB, because they keep on innovating and its good that they developed BSC which is one of the cheapest network that is out in the market right now. We’ll see this two grow more in the coming days.

aioc

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They've committed to burning this

Quote

Binance burned a total of 3,619,888 BNB, equivalent to $165,791,000 USD worth of tokens

it's not really a new one it's old news that old-time Binance holders know and this is what kicks the price to go up aside from the innovation innovations they've introduced I'm very bullish on BNB they have proven their worth in the industry, and they are the leader.

Rruchi man

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Very hilarious, despite the huge increment that BNB has recorded in the past weeks, CZ still refers to this as a dip. This is a sign of what is in store for hodlers of BNB in the days to come. I tip BNB to topple ETH in the next few months. With the accelerated burning that they announced for their $100million target, the increment in the weeks to come, will be very sharp.

This is not a financial advice.

nelson4lov

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Quote from: FloridaKid on April 12, 2021, 09:56:08 AM

For all those who believe that altcoin rally is just getting started I think there is still time to accumulate BNB, another big burn is coming this month, probably few days away now and imagine what the price will be for a coin that's well adopted thanks BSC.

This is not a financial advice.

Maybe we could see BNB at a whole another level after this burn, because its already pumping due to the rate of projects been developed on Binance Smart Chain has increased alot for the past few months, I'll just keep holding on my BNB and see how hard it's going to pump after this burn

Quote from: Evgenklm on April 12, 2021, 11:15:26 AM

Recently, the Binance exchange added tokenized shares of Tesla to its platform, if Elon Musk tweets about it on Twitter ....you know what will happen, so everything is still ahead. Shocked

Maybe that might have an impact on BNB, but I doubt if it will be much, cause I believe Binance exchange isn't the first crypto exchange where stock is traded, i believe FTX already had that, Binance is just followed suit so there's nothing really special about their move to add tokenized shares to their platform. A major fuel for further upside move is the upcoming burn which I'm looking forward to.

harapan

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Quote from: FloridaKid on April 12, 2021, 09:56:08 AM

For all those who believe that altcoin rally is just getting started I think there is still time to accumulate BNB, another big burn is coming this month, probably few days away now and imagine what the price will be for a coin that's well adopted thanks BSC.

This is not a financial advice.

Bnb is pumping hard right now and undoubtedly the upcoming bnb burn will play a major role in making bnb more valuable, maybe after the burning we could see bnb at $1000 probably, buying a few bnb now will definitely be worth it, I would rather buy it now at ~$500+,than buy above $1000,hopefully Bnb will pump to Mars after the burn.

jacafbiz

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BNB tokens is my biggest miss of the year because I saw the price at $42 thinking it is going to correct but the price has never look back since then, I do underestimate the effect Binance chain will have on the price of BNB tokens and If there is any tokens that I feel can compete effectively with Ethereum for the second spot, it is BNB, because people talk about Ethereum space and do undervalue what it happening on other chains

Zotak337

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If BSC never existed till this day I'm not so sure that BNB can make it this far even with burning off part of max supply, the reason why BNB is a most have in your portfolio right now is because of BSC, this is just the beginning, 1000$ per BNB is possible

tabas

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Quote from: FloridaKid on April 12, 2021, 09:56:08 AM

For all those who believe that altcoin rally is just getting started I think there is still time to accumulate BNB, another big burn is coming this month, probably few days away now and imagine what the price will be for a coin that's well adopted thanks BSC.

This is not a financial advice.

BNB is keep pushing and pushing its price up to the top. BSC was the game changer and I think there will be more projects that would use them instead of the others.
As it about to burn, this is the hope of the peak investors despite it's already high, they're leaning to make money once its done.

Quote from: Febo on April 12, 2021, 12:06:59 PM

Some people will get burnt really soon.

For there will be and I think most of them are those investors who invested because of hype, the same as the usual.

lionheart78

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Quote from: FloridaKid on April 12, 2021, 09:56:08 AM

For all those who believe that altcoin rally is just getting started I think there is still time to accumulate BNB, another big burn is coming this month, probably few days away now and imagine what the price will be for a coin that's well adopted thanks BSC.

This is not a financial advice.

BNB burning had been a part of their mechanics ever since so there is nothing new here. I do agree that the launch of BSC is one of the major reason why BNB price is surging. I have tried the system and I can say, I am quite happy that at least there is an alternative chain that we can use that is way cheaper than ETH main net. Anyway, it is not recommended to invest in a price that had already surged multiple times in its current trend. It is best to wait for it to have a correction and find a window for market entry.

Balmain

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most people think bnb will make corrections after this burn,and they thinks its price will go down too. When i inspect the bsc network, I see significant improvements and significant volume increase so I am unstable, it can continue to move forward.

wheelz1200

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A lot of people still saying lots of upward room right now but I feel as though a lot of people are top buying. That usually is the downward trigger or at least a hard pullback. Easy putting money on something when its always going up, I lile to put mo ey down when everyone is selling.

Topic: BNB Burn is coming - page 2. (Read 460 times)