It’s easy for everyone to say this is a purchasing opportunity, but BNB is a bit of a victim of it’s own success. Early holders are getting massive returns on a daily basis and that creates a lot of sustained downward pressure. In times of cashing out, it will no doubt be hit harder than some other comparable coins, but this is also why it will have potentially greater longer period returns in a healthy market.
The scenario you painted here cuts across every coin that's having a great run from a low price. Investors will always take profit when it suits them. However, some of them will sell now and won't be able to get back in. It's the nature of the market. Even those who bought when BNB got to $600 also thought that at that point they were buying that they were buying into profit (of course, it will become profit if they tarry and don't panic sell )
Well I don’t think BNB will hit the $1k mark anytime soon,
This is where I get amused that even those who think BNB will get to $1000 may not even be buying at this opportunity that this crash is affording them. Skepticism and fear whenever the market flies the red flag.
