Topic: Is now a good time to buy BNB? - page 3. (Read 746 times)
It is always a good time to buy BNB because it's a solid project and it is a top tier coin that currently sitting in the top 5 on coinmarketcap. I don't see any reasons why you should not buy BNB at times like these, especially with the on going SEC issues and the most important part which we are currently and still in the bear market.
I can also add that BSC has a very high deployment rate of all sorts of scam tokens. I don't know, maybe they already managed to overtake Ethereum blockchain in this indicator. For example, Polygon has lower commissions and lower percentage of scam projects. Unfortunately, Polygon does not have such a powerful promotion platform, which BSC has. Also I strongly support the comment about centralization, BSC network is very dependent on regulators and CZ itself.
Yes. CZ is too tied to all things Binance. The survival of the BSC blockchain depends on him. If Binance fails, we will witness BNB going all the way down the drain in an instant. So much for a "decentralized" platform for smart contracts. I believe BSC needs more validators to become decentralized. Only then, BNB will be able to live alongside BTC and ETH for generations.
The crypto market is still bearish, so I'd take the opportunity to buy and "hodl" as much coins as possible to prepare myself for a future "pump". Who knows if all of this SEC nightmare goes away soon? Just my opinion
Sec cannot find any valid grounds to stop the operation of binance since in the first place CZ maybe already prepared in this scenario. And Sec action is just an attempt to control those crypto platform.
So I guess they can't stop Binance to operate and this issue will just been forgotten so provably accumulation phase will be next so its better to get prepared on this situation since BNB still have a huge potential to have a huge bullish occurrence.
I can also add that BSC has a very high deployment rate of all sorts of scam tokens. I don't know, maybe they already managed to overtake Ethereum blockchain in this indicator. For example, Polygon has lower commissions and lower percentage of scam projects. Unfortunately, Polygon does not have such a powerful promotion platform, which BSC has. Also I strongly support the comment about centralization, BSC network is very dependent on regulators and CZ itself.
Yes. CZ is too tied to all things Binance. The survival of the BSC blockchain depends on him. If Binance fails, we will witness BNB going all the way down the drain in an instant. So much for a "decentralized" platform for smart contracts. I believe BSC needs more validators to become decentralized. Only then, BNB will be able to live alongside BTC and ETH for generations.
The crypto market is still bearish, so I'd take the opportunity to buy and "hodl" as much coins as possible to prepare myself for a future "pump". Who knows if all of this SEC nightmare goes away soon? Just my opinion
BNB is unlikely to fall below $200, unless there will be some serious events with Binance, which will contribute to the decrease in the rate and prosecution of the exchange by the regulators. In my opinion, such events are unlikely. Right now the price is not so high to invest in the long term. I think in 2-3 years, the price of BNB may reach $1,000 and bring a few hundred percent return from the current marks.
Maybe. It all depends on BNB's level of mainsteam adoption and Binance's ability to remain resilient under regulators' pressure. If there's no excitement for the cryptocurrency, prices will continue to fall all the way down the drain. I think BNB won't go below "the triple digits", simply because Binance is constantly burning the coin supply. This should make BNB deflationary in the long run.
The blockchain platform underpinning BNB (known as BSC) is similar to Ethereum, so it has a huge advantage over its competitors (especially Solana and Cardano). That's because Solidity (through EVM) has a lot of support in the crypto/Blockchain space. Smart contract platforms with their own VM and programming language built from scratch (Solana, Cardano, Sui, etc.) are not so lucky. The only downside of BNB is the utter-centralization existent within its own blockchain network. Other than that, it's the perfect contender of ETH. Who knows if someday BNB goes all the way to $1k? Just my thoughts
I can also add that BSC has a very high deployment rate of all sorts of scam tokens. I don't know, maybe they already managed to overtake Ethereum blockchain in this indicator. For example, Polygon has lower commissions and lower percentage of scam projects. Unfortunately, Polygon does not have such a powerful promotion platform, which BSC has. Also I strongly support the comment about centralization, BSC network is very dependent on regulators and CZ itself.
I have bought some BNB because I believe they will prevail against the SEC Lawsuit. This is my personal opinion and of course I am prepared for this risk. But there is nothing wrong with betting on your own choice. Maybe XRP has experienced the same thing but they don't have a big exchange market like Binance. This will make the difference in price and development between XRP and BNB.
Apparently, the price is quite improving and went well after a drop when the issue started. This will tell us that BNB is something that we can rely on and just like other known and potential coins, it will rise and recovers back. Yes, as we talk about XRP, their issue is been so long but hasn't ended yet and it is still surviving. I couldn't expect this would also happen to BNB but yeah, we can't tell what is their plan and what is the next move taken between both parties. Of course, I would agree, BNB still has the potential and good investment.
regardless of the Binance vs SEC issue I would say "yeah it's not too late to buy BNB". I say this because the current BNB price is still relatively low and most likely the BNB price after this will continue to rise. especially when the crypto market enters a bullish phase, the price of BNB will definitely rise much higher than the current price.
As CZ believer i think this is the good time for us to buy more BNB, binance is too big to fall. Since the DAY (SEC Sue binance) I bought more bnb than any other coins. This coin already survive in every single bear market and keep developing untill now, so i never doubt about this coin.
Too gambling i guess. Better you find another stable/top coins in the market, there so many amazing coin in top 50 CMC. If SEC can beat Binance in lawsuit then it gonna be nightmare, it not just for BNB holders but it gonna be nightmare for all crypto holders.
Yes. many choices indeed as you call if seen in CMC. I don't think it's as complete as you say. they, Binence users, only take advantage of the moment of decline from the BNB coin. Regarding what you're saying if SEC can beat Binace I think it's out of their context. Does Binance win or lose in this case that is still unfinished.
Too gambling i guess. Better you find another stable/top coins in the market, there so many amazing coin in top 50 CMC. If SEC can beat Binance in lawsuit then it gonna be nightmare, it not just for BNB holders but it gonna be nightmare for all crypto holders.
BNB is unlikely to fall below $200, unless there will be some serious events with Binance, which will contribute to the decrease in the rate and prosecution of the exchange by the regulators. In my opinion, such events are unlikely. Right now the price is not so high to invest in the long term. I think in 2-3 years, the price of BNB may reach $1,000 and bring a few hundred percent return from the current marks.
BNB just recovered from a major market setback from the crisis with the exchange and sec which forced the price to slide down a bit in the last weeks but at the moment, there is a lot of recovery under way, and sure BNB could possibly reach 1k shortly but when that will be is unknown I am sure if there is a major market surge for bitcoin it will result into that level for BNB.I believe in the capability of BNB since it provides liquidity for the exchange which is the major community for the coin.
The price recovery may continue for some time, I am not sure that it has already finished, BNB is still trading at a significant discount, relative to its prices in 2021. It certainly cannot be called a full-fledged recovery. BNB will only reach $1,000 in the event of a global bull run and an influx of liquidity to the markets when bitcoin also updates its next ATH. Without these events, altcoins are unlikely to grow so rapidly to update their ATH.
I have bought some BNB because I believe they will prevail against the SEC Lawsuit. This is my personal opinion and of course I am prepared for this risk. But there is nothing wrong with betting on your own choice. Maybe XRP has experienced the same thing but they don't have a big exchange market like Binance. This will make the difference in price and development between XRP and BNB.
in this thread you talked about the advantages and disadvantages of bnb and that in my opinion you are right in everything you said, but I will add the fact that the reason people bought a lot of bnb in the past was because they paid low fees and as the owner of binance it was showing great developments so that gave people more confidence, it turns out that these same developments no longer cause much attention from people mainly because we are in an era of kyc and centralization and people have even become accustomed to kyc and centralization
binance for example asks for kyc so when people see that binance itself that asks for kyc does not have a physical office and some things that governments require then people lose faith in investing in their altcoin and will prefer to invest in altcoins from memes that they it will make a quick profit, the only fact here that I see clearly is that the bnb will only go up in price as the price of bitcoin goes up in price and not because the bnb will go up by itself without depending on the price of bitcoin, so I don't see any advantage on buying bnb for long term
binance for example asks for kyc so when people see that binance itself that asks for kyc does not have a physical office and some things that governments require then people lose faith in investing in their altcoin and will prefer to invest in altcoins from memes that they it will make a quick profit, the only fact here that I see clearly is that the bnb will only go up in price as the price of bitcoin goes up in price and not because the bnb will go up by itself without depending on the price of bitcoin, so I don't see any advantage on buying bnb for long term
Everyone in the thread has rightly warned about the SEC. XRP has previously been clamped down by the SEC. Today, we see how XRP is doing. If Binance falls into a situation like XRP, it can give its investors nightmares. On the other hand, BNB is the coin of the most used centralized cryptocurrency exchange. It will be one of the first coins to get its share of the pumps as hot money flows into the exchanges during the bull season. So, I think there is both a big risk and a profit opportunity...
Binance's native blockchain token (BNB) experienced a dip in price after the SEC fiasco. The exchange is facing heavy pressure by the US government regulatory agency. If Binance wins a lawsuit against the SEC, BNB's price could go all the way to the moon in an instant. But if it loses, BNB could experience new lows until it goes below the "triple digits".
I'm wondering if now is the good time to buy BNB or should I wait a little bit more? The crypto market is still bearish, so we should expect further pressure against an altcoin like BNB in the short term. Who knows if BNB will reach higher prices in the future? Your input will be greatly appreciated. Thank you.
of course, now is a very good time to buy bnb, and in general not only time, bnb is the future for today in the crypto world, because it is a very promising cryptocurrency for today, especially bnb today is one of the main currencies in one of the promising exchanges for today I'm wondering if now is the good time to buy BNB or should I wait a little bit more? The crypto market is still bearish, so we should expect further pressure against an altcoin like BNB in the short term. Who knows if BNB will reach higher prices in the future? Your input will be greatly appreciated. Thank you.
Of course it’s good time to buy BNB because it’s low price after long period. But it’s dumped happened for the lawsuit of SEC regulatory. But i think Binance able to strongly fight in this case against SEC. BNB is the most popular coin because it’s supported by Binance exchange. I think if can keep holding in 2-3 years definitely you will get high profit.
If you already understand what Binance Coin is, you might be wondering if you should invest in this cryptocurrency. To get the answer, you need to consider two main factors, namely, safety and profitability. It is possible not to talk about safety at the moment because this coin is still in the top 3 in this market anyway. As for the profit, it depends on the investment method of each trader. But if you look at the performance of BNB over the years, there is a lot of potential to invest in Binance Coin (BNB). So in my opinion, this is a currency that is still well worth considering.
The price of BNB has dropped due to the sharp bearish swings in the crypto market. One could also argue that the SEC's issue with Binance has taken a heavy toll on altcoin prices. Even so, expectations remain high. However, in my opinion, I will not choose to invest in BNB at this time. By now, BNB coin predictions are not always positive, and we can see that this coin very often encounters FUD.
Oops, this might be different where I stay. Coin BNB still No. 3 after BTC and ETH and is considered the most comfortable and convenient to invest with. yes. the biggest reason sounds common, BNB has its own huge platform and the coin is very widely used. So, there's probably no doubt though the current state of affairs and the dispute with the SEC is nothing they need to be afraid of and it's average if I ask. the answer is the same. it's cheap, just buy it.
The price of BNB has dropped due to the sharp bearish swings in the crypto market. One could also argue that the SEC's issue with Binance has taken a heavy toll on altcoin prices. Even so, expectations remain high. However, in my opinion, I will not choose to invest in BNB at this time. By now, BNB coin predictions are not always positive, and we can see that this coin very often encounters FUD.
I suggest you do not invest in BNB at the moment and follow the SEC lawsuit and related news. Observe closely the ongoing developments that are being made in the case, it will give you an insight into investment in BNB.
I'm wondering if now is the good time to buy BNB or should I wait a little bit more? The crypto market is still bearish, so we should expect further pressure against an altcoin like BNB in the short term. Who knows if BNB will reach higher prices in the future? Your input will be greatly appreciated. Thank you.
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