Is BNB a good long-term or short-term investment? - page 3.

cryptoaddictchie

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Quote from: Abiky on August 13, 2021, 07:12:56 PM

What do you think? Is BNB a good long-term or short-term investment? Your input will be greatly appreciated. Thank you.

I think it can reach again its peak. Its too early to judge what would happened. But in my opinion, many will still use binance and their bnb would greatly increase value in the future. People are using bnb network everyday and those users will always used or prefer binance as their main exchange. I like how Binance runs their platform in spite of the issues raised against them.

RussianEnglishTranslation

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BNB will do well because of the large amount of Asian money pumping into it but regulations and scams will cover the chain with a shadow preventing it's growth. I sold most of my BNB for Fantom and NEAR.

Kemarit

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I would say short term investment is good for BNB as of the moment as it doesn't have any proof yet that it can be a good hold for longer term.

The project is still fairly young as compare to the rest of the top 10 altcoins in the market right now. So give it some time to mature and make a lot of progress in the next 2 to 3 years and see how it goes. Time to make profit for it short term for me, as I have invested on it some time ago and just waiting for the right now to sell because I'm still expecting a massive bullrun before the end of the year.

Sithara007

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I don't know what these guys mean by "short term investment". If you want to sell your coins after just a few weeks, then I would call it "trading" rather than investment. And in case of BNB, the only concern I have is that it may have gone up by too much in the recent weeks. Apart from that, BNB remains one of the best available options among the altcoins. Binance as an exchange is performing really well, maintaining its monopoly and witnessing a steady increase in userbase and volumes. And BSC is also witnessing an uptick in usage and adoption.

sirminesalot

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Quote from: Abiky on August 13, 2021, 07:12:56 PM

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.

It's good for both long or short investment, BNB fundamental is from the binance exchanges which is used by most of crypto investors around the world. It's features are become so much popular such as futures that many people play it right now. So i think their team is still having many great projects ahead to make this exchange more appealing to the investors

Retainly_Collie

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Buy at a discount and always keep it, profit always happens, just we refuse or accept it.
BNB has an all too obvious position in this market, their effects really have a huge impact on the entire market right now.

Dave1

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Tough question, it's not the prime mover in altcoin as compare to Ethereum although that have been chasing it for years and I shall say very successful specially when Ethereum gas fees goes sky rocket.

But since Ethereum2.0 or London fork has deployed and could potentially solve the issues, all other projects might shift back to Ethereum mainnet. So for now, I would say short term investment, BNB is good, but seems to be questionable to me long term, just my opinion.

umbara ardian

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I personally think it's very good whether long term or short term, and just depends on the goal or plan that you intend to implement.

Looking at how it works and develops up to now, it's really great, with great ambition from CEO CZ I always prioritize it well after BTC, ETH

aylabadia05

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I think Binance is suitable for two kinds of investments, long term and short term.
It appeared early on and without many guessing that Binance could be what it is today. Binance is gradually trying to move on to become the number 2 coin after Bitcoin.

Bitstar_coin

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Definitely, I bought some bnb recently at $314 each and now the price have appreciated a little more, supposing am a short term investor, I would think of selling because I already profited in my investment but since my goal is long term I intend to let it be and just enjoy the price movement, bnb is one of the few alts with a use case, not just a pump and dump project, there is a serious business behind it which is a vital part of the coin.

Bagong91

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Quote from: Abiky on August 13, 2021, 07:12:56 PM

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What do you think? Is BNB a good long-term or short-term investment? Your input will be greatly appreciated. Thank you.

of course BNB is very good for the long term because more and more people use their network, we know the supply of bnb is decreasing because they always burn, I think the less supply the price goes up and closer to the price of eth. and this is my opinion on BNB

shinratensei_

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Quote from: Abiky on August 13, 2021, 07:12:56 PM

What do you think? Is BNB a good long-term or short-term investment? Your input will be greatly appreciated. Thank you.

BNB was very good for long term and short term but the question is whether binance can solve all of the problems that faced by the regulators. We have known that some countries were accusing binance already operated illegally on these countries. that must be addressed by the binance exchange site to make sure there will be no a problem in the future.
BNB was a very good coin with so many products. It must be solved as soon as possible

Vaskiy

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BNB right now taking the position of ethereum before years. It gave an unexpected price increase and the same kept it market on the peak. Further it dropped and then it is moving in a slow and stabilized way. This is truly a long term profiting asset, and there is also regular marginal variation letting people make some regular short term profiting. Based on the market bounce of bitcoin we can expect big rise in the price long term.

Abiky

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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.

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