Why would you think BNB is at its peak price? And by that, I suppose you meant its price can't rise any further given the Gen its price action in the last four years.
Well, to answer you question, there really is no limit to how far or high, as the case may be, the price of a cryptocurrency can go. Bitcoin is a perfect example. Quite a lot of people must have capped $5k, $10k,$30k and even $50k as the peak in the price of bitcoin. I'm sure you are aware of what the price of bitcoin is now.
Someone mentioned earlier in the thread how that the CEO said they are working to grow even bigger.
Topic: Is BNB is at it's peak price? - page 11. (Read 1924 times)
Binance BNB is exploiting the challenge of the high transaction fee in ethereum to increase the adoption of binance blockchain both in existing projects and new ones, whereby also increasing the DEX with the blockchain as well.
This is so true and people investing in BNB should always remember that and not panic even if there's a momentary correction in price. In a few weeks to come I see BNB squaring up to ETH and even surpassing it both in price and market cap. To even think that BNB which is over $500 now was listed at less than $0.30 just four years ago is unbelievable.Going forward, I think the great run of BNB is giving investors an idea that other exchange coins/tokens can also replicate that fit. There's nothing wrong in believing something when it's based on research and I think this is what those who want to invest in exchange coins should do. They should always DYOR, after all it's your money that it's being invested.
Binance BNB is exploiting the challenge of the high transaction fee in ethereum to increase the adoption of binance blockchain both in existing projects and new ones, whereby also increasing the DEX with the blockchain as well. Lately more IEO is starting on the exchange demanding a certain amount of BNB holding on the exchange to allow investors participation in the offering on the exchange, hence high purchase and pump of BNB.
Wanna know that should i hold my investment or do day by day trading. And now its at 500$/BNB. Convert them or keep them and wait for pump?
How much you had bought those coins? If you do buy them at the current price then you would have no option but to hold those BNB but if you can deal with it actively on making active trades then you can possibly still make profits in a short time without needing to wait but of course it will varying on how well you do trade in the market.
Asking out about peak price then no one can tell eventually because when it comes to price increase then this one all matters with the demand.
Peak price cant be precisely be known but presuming on whats the current state or the popularity of binance then we can actually tell that it can still go further.
Wanna know that should i hold my investment or do day by day trading. And now its at 500$/BNB. Convert them or keep them and wait for pump?
How much you've bought those BNBs? I'll take the profit usually if I've got profit already even if it's 20%-50% gain, I'll take my money already. Don't you have a plan when you've bought it or you've just bought it while it's increasing and you've hoped that it shall increase after you've bought it? If the percentage of profit is satisfying you today and you're okay to sell and take the money, sell it but don't you regret and promise to yourself if it goes up after selling, you'll feel bad. But if after selling and it dumps, you'll be happier with what you did. 
Wanna know that should i hold my investment or do day by day trading. And now its at 500$/BNB. Convert them or keep them and wait for pump?
No one knows where the top for BNB or any other crypto would be so I would just say that you should apply due caution in whatever you choose to do (whether to sell or hold). But do keep in mind that Binance would be performing the 15th quarterly BNB burn and due to the current hype, that news alone will go a long way to drive the price further upward. I picked up a few when CZ initially made the announcement and I would continue holding till after the burn. One thing I do know is that Binance never lacks news. It's a one way street for BNB to $1K unless the red gods come by.
In summary: - Here's what I'm doing
- Hold till coin burn event (use the time to be farming in launchpool)
You can also sell a portion of it and hold the rest if it makes you feel better.
You should know your exit target or strategy or else you could even lose all the profits you have already made and end up selling at low prices just because you are waiting for BNB to reach $1,000, $2,000 or $10K.
In trading we are also told not to be so greedy. Greed leads to more risks and the losses. I am saying this because I have ever held a coin until its total value was about ($20K) 2 BTC at that time all the way from just $2K that I had invested and guess what happened? I got greedy, didn't exit in time and then the bear market happened. I ended up selling all the coins for just roughly $5K.
But if you are a holder will to risk and wait for 4 years plus, then go ahead and hold.
In trading we are also told not to be so greedy. Greed leads to more risks and the losses. I am saying this because I have ever held a coin until its total value was about ($20K) 2 BTC at that time all the way from just $2K that I had invested and guess what happened? I got greedy, didn't exit in time and then the bear market happened. I ended up selling all the coins for just roughly $5K.
But if you are a holder will to risk and wait for 4 years plus, then go ahead and hold.
BnB looks as it is going to grow more even in this year. It has different advantages from being the first line exchange that projects run after to be listed on, it has a very good comparative advantage over many choice altccoins like Ethereum. And , I read the CEO saying they are working to grow more , so it is no stopping for bnb but choice however is yourself.
Wanna know that should i hold my investment or do day by day trading. And now its at 500$/BNB. Convert them or keep them and wait for pump?
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