Making an experiment on BNB using my $2000 - page 2.

janggernaut

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Quote from: Viscore on February 18, 2020, 06:29:11 PM

Thanks for your comments, I appreciate that, good or bad, that's what I need to evaluate and make a final decision.

Quote from: janggernaut on February 18, 2020, 10:17:41 AM

Not sure if BNB would be hit $1000, but it could be happen when their total supply only 100million tokens.

I think it's still possible with that high supply.

ETH's ATH was $1400 with with 109,756,848 ETH circulating supply, while BNB has 155,536,713 BNB in circulation so $1000 is still possible if BNB will reach the same success as ETH had.

Yea and remember when ETH also have unlimited supply while BNB will only has limited 100million coins as their total supply. If Binance exchange could maintain their performance like this, that coin would be much higher in the future

minairia3

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Quote from: Viscore on February 18, 2020, 08:57:31 AM

here's what I am gonna do, I will invest on BNB worth $2000, hold it, and just sell when the price of BNB will reach at least $1,000..

What do you think about this? is my target realistic?

As in 1 price of bnb per $1000? The price I think could be not possible considering the market status now. I'm no saying this is impossible but if youre gonna be on that amount I think even btc price would be defeated in terms of marketcap and volume. Btc ia traded how many times compare to Binance and youre gonna need to exceed their volume just to topple this price. But holding a huge amount of Binance will surely give you a nice profit yeara from now. As Binance will surely top the exchange business.

shadowdio

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I have positive feeling on Binance coin that will increase more the price in the future but reaching $1,000 price, seems it takes years to happen because as of now the price of Binance coin is around $23. I guess if you are willing to hold for long term then go on buy it now.

styca

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That sort of increase would give BNB a market cap similar to the current bitcoin cap. It's probably achievable, the question is whether other coins will grow more.
I would say don't put all your money on that bet. If it's a fairly small fraction of your total however, and you are confident in BNB then yes, go for it.

taufik123

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Investing $ 2000 for BNB is a good decision, but with a note that the money you use is money that you don't need in the future and specifically for investment.
It is not impossible that BNB can reach the price of $ 1000 in the next few years.
BNB A fairly strong cryptocurrency that is supported and developed by Binance and is currently ranked in the top 10 CMC.
If the increase in volume and the BNB supply are reduced then $ 1,000 dollars will be achieved.

But waiting for that to happen will certainly require a long time and requires development that must be even better.

The current BNB price is $ 24. When compared with the ICO price in 2017 which is $ 0.1 / bnb, the increase is also remarkable.
Binance exchanges make BNB coins stronger and more and more users are investing in BNB coins.

FairUser

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Quote from: Viscore on February 18, 2020, 08:57:31 AM

There's something that came out into my mind, it's about Binance, I have been seeing people's comment that they are very positive with the future of Binance so I came up with an experiment which I plan to do it soon.

here's what I am gonna do, I will invest on BNB worth $2000, hold it, and just sell when the price of BNB will reach at least $1,000..

What do you think about this? is my target realistic?

Can you wait for BNB to go up to $ 1,000? The current price of BNB is $ 25 and it may take years for BNB price to go up as you expect, investing in BNB is a good choice but don't set the target too high because BNB is not Bitcoin

beerlover

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The idea itself is very wise because BNB will be used forever as long as binance exists and binance is such a huge company at this point that I do not think it will ever go bankrupt, however the target price of 1000 dollars looks a bit odd, I am not saying it will never happen, between inflation of regular fiat and the burning of bnb time to time, I am sure bnb will be 1000 dollars one day but that may take a lot of years, like 5+ years to ever have a chance to happen, which is why I would highly suggest you to drop your target price.

Right now, the price is small enough that if you adjust your target price to 100 dollars you could still make a lot of profit. So, go ahead and buy bnb with 2000 dollars that I would support but I would say sell at when it is 100 dollars.

Furious 7

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Quote from: samcrypto on February 19, 2020, 07:18:55 AM

You made a good decision to invest on BNB but I think your target price will take more time and not an easy way to hold because of many temptations. If BNB continues to develop new things and improve their exchange system then that price is possible. I wonder what would be the price of bitcoin if bnb reach that level, you can diversify your investment if you want more growth.

Yeah indeed the target is too big in my opinion so it will be difficult in a few years the target will not be achieved, I think BNB has done a lot of rapid development but the price so far has still not touched $ 50 that means there is still a long process of time to make growth that price.
It's true that investing in BNB is no doubt there, I think your profit target of around 20-30% will be better.

samcrypto

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You made a good decision to invest on BNB but I think your target price will take more time and not an easy way to hold because of many temptations. If BNB continues to develop new things and improve their exchange system then that price is possible. I wonder what would be the price of bitcoin if bnb reach that level, you can diversify your investment if you want more growth.

btc_angela

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Quote from: Viscore on February 18, 2020, 08:57:31 AM

There's something that came out into my mind, it's about Binance, I have been seeing people's comment that they are very positive with the future of Binance so I came up with an experiment which I plan to do it soon.

here's what I am gonna do, I will invest on BNB worth $2000, hold it, and just sell when the price of BNB will reach at least $1,000..

What do you think about this? is my target realistic?

It's ATH is around $40, and current price is around $24. So to be able to achieved that $1k goal of yours that would be like 50x of the current price. Well it was achieved by some Altcoin in 2017 because of the ICO craze that time. But as the market and investors matures overtime, we might not see some altcoins reaching that huge growth, just saying.

milewilda

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Quote from: slaman29 on February 19, 2020, 04:54:12 AM

Quote from: Viscore on February 18, 2020, 08:57:31 AM

There's something that came out into my mind, it's about Binance, I have been seeing people's comment that they are very positive with the future of Binance so I came up with an experiment which I plan to do it soon.

here's what I am gonna do, I will invest on BNB worth $2000, hold it, and just sell when the price of BNB will reach at least $1,000..

What do you think about this? is my target realistic?

BNB reach 1k? You're either joking, have too much money, or are like most other altcoin sepculators here and live in a completely different reality from everyone else. I mean, sorry mate, but in what world will BNB ever reach $100, let alone $1000?

I hope this is $2k you can afford to lose.

Like it or not, there are really people who are too optimistic towards the future on a certain thing without even thinking twice if those prices are achievable or not. $100 is already hard thing same as you said
how much more on 1k? Unless if there would be a ultra hype that do happen on BNB then reaching $100 is plausible or even 150.Its better not to think too much into this possibility
because it would rather be a stressful thing on waiting for something which doesnt gonna happen.

slaman29

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Quote from: Viscore on February 18, 2020, 08:57:31 AM

There's something that came out into my mind, it's about Binance, I have been seeing people's comment that they are very positive with the future of Binance so I came up with an experiment which I plan to do it soon.

here's what I am gonna do, I will invest on BNB worth $2000, hold it, and just sell when the price of BNB will reach at least $1,000..

What do you think about this? is my target realistic?

BNB reach 1k? You're either joking, have too much money, or are like most other altcoin sepculators here and live in a completely different reality from everyone else. I mean, sorry mate, but in what world will BNB ever reach $100, let alone $1000?

I hope this is $2k you can afford to lose.

sockpuppet1911

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Quote from: Viscore on February 18, 2020, 08:57:31 AM

There's something that came out into my mind, it's about Binance, I have been seeing people's comment that they are very positive with the future of Binance so I came up with an experiment which I plan to do it soon.

here's what I am gonna do, I will invest on BNB worth $2000, hold it, and just sell when the price of BNB will reach at least $1,000..

What do you think about this? is my target realistic?

Why do you set your targets on usd? Why not in btc pair? Surely everything dives in btc pair even when they would rise in usd on the next bull run. Question is, what would be $2000 worth of bitcoin / $2000 in bnb in the future? Planning like that could help with your exit plan.

Farma

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it looks like $ 1,000 isn't a realistic price for BNB right now. even to reach the price of $ 100, I think it will be a long time to come. however, competition between exchanges still exists today, and we do not know how long binance will maintain its popularity. if binance continues to grow, there is an opportunity to see the price of bnb to be higher, however, I still doubt it can reach $ 1000.

inanilujimi

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how long can you hold it ??
Your target is too big if you look at what has been achieved by BNB at this time.
but it never hurts to try if you are able to hold more than 5 years from now because no one knows for sure where the wind direction in crypto is in the future.

Viscore

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Live with peace and enjoy life!

Thanks for your comments, I appreciate that, good or bad, that's what I need to evaluate and make a final decision.

Quote from: janggernaut on February 18, 2020, 10:17:41 AM

Not sure if BNB would be hit $1000, but it could be happen when their total supply only 100million tokens.

I think it's still possible with that high supply.

ETH's ATH was $1400 with with 109,756,848 ETH circulating supply, while BNB has 155,536,713 BNB in circulation so $1000 is still possible if BNB will reach the same success as ETH had.

passwordnow

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That is too much expectation with BNB. I think it is a better idea if you will sell around $35—$45 because that is more realistic.
There is a better chance that you will earn more with that $2k to bitcoin than BNB.

carlfebz2

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Quote from: Viscore on February 18, 2020, 08:57:31 AM

There's something that came out into my mind, it's about Binance, I have been seeing people's comment that they are very positive with the future of Binance so I came up with an experiment which I plan to do it soon.

here's what I am gonna do, I will invest on BNB worth $2000, hold it, and just sell when the price of BNB will reach at least $1,000..

What do you think about this? is my target realistic?

Current price of BNB is $23.92 and reaching 1000x would be 41x more into its current price which is somewhat realistic compared to thousand.

But the big question is that it wont really be that an easy journey yet we wouldnt know if Binance would able to hold up its current top position and dominate
the exchange market.

You can hold as long as you like but if i were you better to sell it off if you do see chances on profiting.

luckyflop

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Quote from: Viscore on February 18, 2020, 08:57:31 AM

There's something that came out into my mind, it's about Binance, I have been seeing people's comment that they are very positive with the future of Binance so I came up with an experiment which I plan to do it soon.

here's what I am gonna do, I will invest on BNB worth $2000, hold it, and just sell when the price of BNB will reach at least $1,000..

What do you think about this? is my target realistic?

At the moment, that goal is unrealistic. But no one knows what will happen in the future, this market can grow and BNB can reach $ 1,000 as you expect. Just invest and wait, you will surely get a profit and the profits you receive are more or less depending on your patience

cassavachips

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Realistic enough, but this takes a long time. When Binance continues to develop and the exchange continues to be the best, I think it will happen like the rise of Bitcoin and Ethereum some time ago

Topic: Making an experiment on BNB using my $2000 - page 2. (Read 486 times)