Is now a good time to buy BNB? - page 6.

Kavelj22

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Quote from: Abiky on June 29, 2023, 12:02:06 PM

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.

Personally, I think that this is one of the best times to buy this currency, due to the degree of reliability it enjoys, regardless of the troubles that the platform is going through, which I consider to be a circumstantial crisis, no matter how long it takes.

The degree of risk is not in buying or not, but in how much we are supposed to buy. Price fluctuations may continue for an unexpected period, with which we cannot wait for long periods. But what is certain is that the price will recover no matter how much it declines, and that this currency has a good position in the cryptocurrency market and can be considered a safe haven.

cryptoaddictchie

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Quote from: Abiky on June 29, 2023, 12:02:06 PM

Im 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.

I think doing dca is better. With its current valuation no doubt bnb is one of the competitive market price. With the recent fud which I think they resolved is no doubt a proof of their dedication. But with the centralized nature of bnb many would likely be still afraid to use them. This can pump eventually considering they are one of the leading launchpad platform and has many amazing use case on top cex. However the central functionality is another factor which binance are tied up since they are legit company would do anything for insitutions to recognize them as one of the legal branch of crypto apparently would never get understand by decentralized ways of bitcoin. So where they position themselve if you were in their shoes? Follow the government requirements or believe decentralized anonymous people who told them to be decentralized? Its hard right to pick a team and suffice both sides.

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Quote from: Abiky on June 29, 2023, 12:02:06 PM

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.

have you ever heard of "buy on rumour sell on news" ?, if you've heard that, you'd think that now is the right time to buy $BNB, regardless of whether they win or lose. The news will quickly spread, when it becomes a win for Binance, you won't have enough time to buy and get instant profits.

Note: my arguments don't act as advice, I am simply conveying the usual things that are happening in the market and the crypto side, so be wise in understanding.

mich

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Yes I do think its a good time to buy BNB tokens. We know the reason this coin is down and it is because of regulatory pressure from the sec. It did lose $10 Billion in marketcap cause of that.

But I am sure it will go back up. And it will reach a price point of $300 at some point at least which will earn profits if you buy it now at price of $238.

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You would be risking a lot. The price hasn't went down a lot like it "should" when something like the SEC thing happens. So, I would say it isn't the best time. And Binance is facing a lot of issue in different countries (not only in the US) and as far as I know they are exiting few countries due to licensing and regulatory issue. So things don't look really well of Binance. If something "bad" is supposed to happen to Binance, we can be almost sure that the price of BNB is going to get dumped a lot. But if Binance does manage to shrug off all the issue, we can almost be sure that the price is going to go up. But is the risk worth taking?

deean_3one

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Is now a good time to buy BNB? If you question that, I think the answer is yes. At the moment the price is falling, many coins are red. That's a sign it's a good time to buy coins including BNB.

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Quote from: Abiky on June 29, 2023, 12:02:06 PM

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.

If I was you I will probably wait, it is true that the price could go up very rapidly in the case the FUD against BNB disappeared, but I doubt the SEC will let go so easily, so you could set an alert on your favorite exchange which told you if there was a big movement going on.

Then in just a matter of minutes you could buy BNB and enjoy most of the profits such a positive movement could bring, without the need to accept any of the risks in the case the price dropped instead.

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Since the price of Binance is still low in the market, it will be favourable if you can use this period to buy Binance and hold for long term because the lawsuit will be for the favour of Binance team and it will make the price of Binance to pump higher in a way that it will help long term holders to make a good profits in the market. We know that, whenever the price of Bitcoin is rising in the market other cryptocurrencies price will be rising too which is a sign that Binance price will rise higher before the end of next year 2024 for those that embraced the opportunity to celebrate for the good results.

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I wouldn’t buy it now. I remember buying it years ago in the single digits and sold it way too early. I later ended up buying FTT at like $20 thinking it would hit triple digits like Binance but obviously was wrong.

It can double in price from here eventually but I think there are better Investment out there which can be more safe and more profitable. If it goes to like $100 then it’s a better buy.

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Quote from: Abiky on June 29, 2023, 12:02:06 PM

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.

It won't end soon. The lawsuit between SEC and Ripple has been going some years and has yet ended. Will the lawsuit between Binance and SEC comes to the end sooner than the lawsuit of Ripple? I guess not.

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But if it loses, BNB could experience new lows until it goes below the "triple digits".

It's uncertain as we are always uncertain about future. We never know what will happen with this market and BNB.

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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.

I have my belief that BNB is still one of best altcoins for 2024 and 2025 bull run. I can be different than others but I will wait for a few months before halving in 2024 to accumulate BNB. I still feel some risks if I buy BNB in 2023 with a bear market. It's safer to buy it in a bull market even I will have to pay a higher entry cost.

Husires

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BNB was not created to be an investmvnt currency, but rather its work as utility token, and based on this definition, even Binance does not recommend buying it as an investment, but you can speculate on its price because it represents a reflection of trading volumes in Binance. If you think that these volumes will increase soon, invest in it in the short term and sell as soon as to make gains.

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A utility token is a crypto token designed to perform a specific action within the blockchain of a certain project. Different digital tokens have a wide variety of different use cases, depending on the specific ecosystem they operate in and what they were designed for.

Now is a good time to buy BNB because Binance do not seem to be in an excellent position, but I doubt that they will make a good profit during the current or next year.

Hypnosis00

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Quote from: Ojima-ojo on June 29, 2023, 01:58:05 PM

Now that the sec fuds against binance which affected the price of bnb have subsided it is now the best time to hold BNB on a short-term basis since the coin has shown a significant price increase along with Bitcoin in this period and still there is a high possibility of the more uptrend movement for both the BNB and bitcoin along sides.

They'll hold because they believe that it will rise back and recover from the dip. But what about those who plan to invest in BNB? That will remain uncertain as we can't tell what will happen next and so investing in this project remain too risky, unlike before. However, I don't just think that the BNB team won't do anything to regain momentum and their reputation because many investors and traders will be affected.

But anyways, despite that situation, I will still buy while the price is low and hold because I was optimistic that it will pump even though the issue is still there.

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Quote from: Abiky on June 29, 2023, 12:02:06 PM

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.

The main problem is that no one knows what will happen tomorrow and which of your predictions will come true. This is an age-old question for any cryptoinvestor when they don't know the right time to buy and sell. You have to take risks and act on guesswork.

There is a well-known rule that says: act against the market. If bnb holders are panicking and selling, then now is a good time to buy. But this is not a financial recommendation at all. If I knew what fate awaits bnb, I would never tell you. I myself would use this information for personal purposes.

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Quote from: Abiky on June 29, 2023, 12:02:06 PM

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.

I think that whomever wins, result of it won't get decided for a long time and there might just be a bullrun before it. Imho BNB just could be safe investment before it, but i have been constantly changed my mind about it. On the other hand the lawsuit could take years, and on the other hand all the markets need is a rumor to move them.

Binance probably doesn't fall unless CZ goes to prison, and even then they just might pull it off. Bitmex CEO went to prison but they didn't have any native token that would be a central element of that exchange. There will be many moving pieces on this and result is hard to predict.

Johnyz

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Quote from: Abiky on June 29, 2023, 12:02:06 PM

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.

Time can tell if its worth it or not, just take the risk you can afford to.
The market is very volatile and anything can happen, BNB remains solid despite of the issues with SEC and I think they can survive that but still not guaranteed. If I have the extra money I'll surely buy BNB at a price around $200, you can wait for another drop or you can just buy now and hold until next year, you'll see if its worth it.

Questat

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Quote from: Abiky on June 29, 2023, 12:02:06 PM

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.

For me, I should have to wait until they've got settled it down, and when it shows some recovery. At least, we have some assurance that it will rise back, not going to the dip. Their issue with the SEC is a factor that triggers some panic in the BNB investors and I know they are still there giving support and waiting until it was over but it was possible that these investors will give up and dump their coins once they see no chance for the team to win. That is why it was best to but when they are clear with the issue already.

goaldigger

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If you are able to buy during the dump price, then for sure you can have your profit now. Though the price are still cheap and the issue is still there but of course there’s no guarantee for this one since the panic might happen any time and no one can tell if its going to happen or not. Buy at your own risk, analyze if its a good idea or better to wait for the perfect timing, try to but other coin for now.

Bitstar_coin

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Despite all the occasional fud on bnb it is has displayed a great deal of resilient in price. I see bnb as one of the solid alts project in crypto.
Buying whenever the price dips is also a good idea, it gives an opportunity to dca. Bnb is a worthy investment imo.

JeromeTash

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The easiest time to buy is actually in the bear market as almost all colors of shitcoins can still pump in the bull market, but I prefer to avoid coins that have been involved in lawsuits with the SEC. Take an example of XRP. Yes, it did try to pump, but it underachieved in the last Bull run. The same thing is most like to happen to BNB if that case drags on for a long time.

Quote from: $crypto$ on June 29, 2023, 02:09:53 PM

because binance is a big platform still very trusting on this coin,

Being a big platform means nothing. It could be big today and no more tomorrow. I think you know what happened to FTX and it's native token. Things are rather so unpredictable in the crypto space.

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I think prices won't drop below $200.

You can never be too sure

blockman

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We will never know if this is the right time to buy. I've bought mine even before these issues and I'm on a loss holding it but I'm not panicking and will just wait for the comeback of it when a new ATH happens. I'm hoping that it will come together with bitcoin's new ATH.
That's why I'm just holding long term on it and whatever the issues and lawsuits its mother company faces, I don't mind and I'll stick to my plan that win or lose, I'll hold it. But then this is me, not a financial advise.

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