Topic: Is BNB a good long-term or short-term investment? (Read 290 times)
BNB is a good coin. As we all know that it's a coin of the world's best exchange, Binance. So investing in its coin is a good decision. You can buy it for any time, if you want to book profit in short term then it is a good coin, and it is also good for long-term investment because it is a continuously growing coin. You can check the past time chart for confirmation. Must DYOR.
Ever since Binance Coin began trading on the market, it's been going on a constant trend in price. It's quite impressive for a coin that's fairly new in the crypto/Blockchain space. Binance's strong marketing/promotion efforts led its own Blockchain network towards non-stop success. It's up to this date where BNB is the third-largest cryptocurrency by market cap after both Bitcoin and Ethereum. While BNB had its "glorious moments", it's still behind the ATH of $690 per coin. Just like any other cryptocurrency on the market, BNB is "haunted" by wild fluctuations in price. I'm wondering if BNB serves more as a serious long-term investment, or all the other way around. The total supply is 168 million coins, so I think BNB has a better chance of becoming a store of value than ETH itself.
What do you think? Is BNB a good long-term or short-term investment? Your input will be greatly appreciated. Thank you.
For the period of BNB investment depending on each research, BNB is worth investing in in the short term and long term, depending on current market movements, if in the future BNB there is a large price decline, then it is better to invest in BNB in the long term, in investing short term is suitable for us to use when the market is experiencing steady ups and downs, do good research for a success. What do you think? Is BNB a good long-term or short-term investment? Your input will be greatly appreciated. Thank you.
Honestly, I think BNB is a very good altcoin for long-term investment, due to its utility advantages and the already very large and popular Binance exchange, besides that BNB has also become a major competitor to Ethereum.
BNB is worth investing and I believe that it is a long-term investment as it has so many coins under it, BNB also got my 2nd highest investment in my portfolio as I really believe that it can go more especially when the next halving happens. Even though a lot of coins that is only a dump and pump, BNB remains calm but now it increases its value for almost 20% from its down which is really good as I have bought some at its low value.
Binance is one of the altcoins that has very good potential and prospects in crypto, I don't think there's anything wrong with investing using long-term or short-term methods, if we are consistent then we will benefit from this investment,
BNB is a highly potential coin. We have noticed that the up and down of BNB coins in the market is happening a little after BTC and ETH. Accordingly I think BNB is still undervalued. Therefore both long term and short term investment in BNB coin will be profitable.
With Binance's success, I believe that this will be a good for a long term investment. Exchange coins are still good to hold if you will ask me especially these coins that have a huge reputation in crypto exchange industry. I also believe that more feature will be added on their platform thus, more users will come and use it.
BNB has lot's of use cases. Binance exchange platform is the main reason for the success of BNB. But some other utility usages helped it to gain more popularity. I think the most important one is BNB smart chain network. The higher Staking rate of BNB is attractive too. They also burns BNB from their supply. Their smart chain network is widely used by most of the new project team. These reasons are enough for a coin to get good support from investors. As a result BNB is worth for long term investment.
For sure bnb is such a good coin for long term, it got a strong project which is among the top largest crypto exchange (Binance), as an exchange coin it is, binance is applying every good mechanism there could use in keeping it's token on the rise, the Binance exchange made so many features in it's exchange which supports the utility of the binance token, but so bad Binance is faced with so many issues from the government and I hope they got resolved soon.
Currently, BNB is the most valuable, famous, and powerful exchange coin. BNB's strong growth in the past few years despite the market's decline has proved CZ's potential and wise strategy. In my opinion, in terms of investment priority BNB can be on par with Ether. BNB is suitable as a good long-term investment.
I have the same analysis to prioritize BNB investments in the portfolio, I believe BNB to be another new "ETH" because the growth of ETH is very synonymous with the growth of ETH in the beginning, I may miss the ETH moment because the price is low but I will seize the moment on the BNB coin. 
What do you think? Is BNB a good long-term or short-term investment? Your input will be greatly appreciated. Thank you.
One of the best if not the best crypto exchanges right now.Offering different features on their platform that includes fiat payments, staking and many more.
Top 3 or top 4 right now on CMC base on market cap.
With Binance's success, I believe that this will be a good for a long term investment. Exchange coins are still good to hold if you will ask me especially these coins that have a huge reputation in crypto exchange industry. I also believe that more feature will be added on their platform thus, more users will come and use it.
I would say if you hold the BNB then you must hold for a long time.We know the future of BNB is much better. I have ald for my BNB Long Time.I have my BNB 44 I bought and held it in dollars. At one time its price increased a lot. I sold it and bought it again when the price went down.So I would say if you buy and hold BNB, you will hold for a long time.
Currently, BNB is the most valuable, famous, and powerful exchange coin. BNB's strong growth in the past few years despite the market's decline has proved CZ's potential and wise strategy. In my opinion, in terms of investment priority BNB can be on par with Ether. BNB is suitable as a good long-term investment.
BNB has proven itself to be a good coin worthy to be invested on. I could remember less than a year ago, BNB was trading on Binance less than $50. Infact, it was $29 at that time. Now let's make small analysis here, imagine if someone bought 1000 BNB @$29 that will be a total of $29,000. And the person has decided to sell at the current price it's trading now which is $400. Let's continue with the analysis, $400*1000= $400,000. And remove $29,000 from $400,000. We are talking of $271,000 in less than a year. Which coin would have given so much profit within such time. BNB is a very profitable investment. Both short and long.
Ever since Binance Coin began trading on the market, it's been going on a constant trend in price. It's quite impressive for a coin that's fairly new in the crypto/Blockchain space. Binance's strong marketing/promotion efforts led its own Blockchain network towards non-stop success. It's up to this date where BNB is the third-largest cryptocurrency by market cap after both Bitcoin and Ethereum. While BNB had its "glorious moments", it's still behind the ATH of $690 per coin. Just like any other cryptocurrency on the market, BNB is "haunted" by wild fluctuations in price. I'm wondering if BNB serves more as a serious long-term investment, or all the other way around. The total supply is 168 million coins, so I think BNB has a better chance of becoming a store of value than ETH itself.
What do you think? Is BNB a good long-term or short-term investment? Your input will be greatly appreciated. Thank you.
What do you think? Is BNB a good long-term or short-term investment? Your input will be greatly appreciated. Thank you.
IMHO, I believe after the launch of the Binance Smart Chain, BSC Network, the future of Binance has already been written, as one of the fastest-growing platforms in the industry and because Ethereum has not solved its gas problem many users are migrated to BSC, that has resulted in huge demand of BSC base Decentralized exchange services, that paving the development of many DExes like PancakeSwap, BakerySwap, etc. and if Ethereum will not address its expensive gas fees, I'm sure many will leave Ethereum and going to Binance that's why I believe that holding BNB and other BSC base tokens has a good potential in short term or even long term.
I think neither long-term nor short-term for BNB can hurt at all. Both of these strategies can be done correctly, depending on your emotions. because we know that bnb tends to be stable but the movement is quite slow. for some people this is an opportunity for a long-term strategy. Likewise, if BNB is reaching its stability level, you can use a short term.
Long, mid and short term bnb will always appear to be a good investment, bnb is always a good choice among other investment decisions, I believe bnb has the capability and capacity to go above 1k in near future as long as things are going well for binance because anything that affects binance will invariably affect bnb too, beside this, bnb is good investment anytime.
In the past year, financial markets have been under considerable pressure due to the corona crisis. however, Binance Coin has managed to recover and even hit an all-time high earlier this year. The increasing popularity of Binance Coin has a positive effect on the price. Analysts and experts expect price increases for 2021-2025 due to collaborations and new developments in the coming years.
BNB is good enough for short and long-term investment. Every time the price increase so high, that will be a good time to sell and buy back again after the correction coming because the price can go down by half and if you buy back, you will get more amount than you have before. But if you want to use BNB as a long-term investment, you do not need to sell and buy back more when the price is down. We have different targets that we want to achieve, depending on the strategy that we use.
We don't know that in the next 5 years the reputation of Binance will be same as of now so holding BNB for long term is not a wise choice but it has the potential to grow further if the exchange remains at the top until the end of your holding period.
Bnb looks like a very promising coin both in long and short term, it has established itself as one of the top coins in the crypto market and I think it will be there for a long time, since its now the new Ethereum in town where almost all new projects build on, bnb will be one of the top cryptocurrencies for a long time, so it's still profitable to pick it as a longterm invest since it will likely get to $1k someday since it was able to pump to $700 during the recent bull market in May.
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