Should I buy BNB now? - page 18. | Bitcointalksearch.org

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Quote from: Ben Barubal on March 05, 2023, 10:13:58 AM

Quote from: I_RodimusPrime on February 23, 2023, 09:29:08 AM

Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?

With the value that BNB has now, I think yes it is good to buy now, because from 304$ last 3 days ago now it dropped to less than 300$ and then just held again.

In times like this, I don't think it's a good way to do day trading, especially if we know ourselves that we're not that deep in trading activity, instead just long-term holdings first while we're still in the process of learning level.

Day trading doesn't really work for me because beside from the fact that I got a day job, day trading consumes a little extra time for me rather than taking some time to rest for a long tiring day at work. But for the others, it works really fine for them as long as they can manage their time perfectly and it is not just BNB, there's actually a lot of worthy coins to trade and especially if you're trying to hold for a long-term.

But for the OP's question if we can expect a huge price drop this year, I think there's no definite answer for that question but it's much safer to expect it because these coins are volatile and will move in an unexpected manner. That is why we should just invest the funds we can afford to lose because these things are not guaranteed.

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Quote from: I_RodimusPrime on February 23, 2023, 09:29:08 AM

Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?

I don't think it's too late to invest in BNB. Even if the trades you make will not make a sufficient profit, BNB is a strong coin and has strong fundamentals. I advise you to keep investing in BNB with little profit. Cheesy

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Quote from: Minecache on March 05, 2023, 05:30:04 AM

Quote from: coinerer on March 04, 2023, 09:34:56 AM

Quote from: GreenStox on March 04, 2023, 09:09:50 AM

some people say bnb will go down to 40$ until this deep end, and guess what many people still believe that market is still in the bear phase.
and some people dont believe that, so my suggestion you can try and choose one of that side.
but for me maybe wait until end of the year and then go in for invest that was i thinking.

BNB price going to $40 may not be possible. Because in order for BNB to go to $40, the price of Bitcoin will have to fall below $10k, which is almost impossible. BNB never seems to drop below $100. BNB is still very deep. So investing now is also not a bad decision but if you invest following DCA the chances of loss will be reduced a lot. And it is true that BNB will cross $1000 very soon. So anyone can definitely invest in BNB now

I also see some such predictions but I don't think it's feasible. If you pay attention, you will see that BNB is the coin with the lowest drop during the bear season, bitcoin lost 80%, and other altcoins also fell seriously, but BNB only seems to lose 50% of its value. It can be seen that BNB is very well taken care of by CZ, so it is unlikely to fall deeply unless Binance suffers big Fuds. Regardless of whether BNB continues to fall or not, BNB is still an altcoin worth investing in besides ETH, if I invest in altcoins, I only invest in 1 of these 2 top altcoins.

BNB has major support from Binance Exchange. If Binance ever cashes in like FTX then BNB could have a big fall. Otherwise the price of BNB will not drop much. And I think that the price of BNB will never drop below $100. Because BNB is now a popular coin like ETH and BSC chain is now very popular due to low gas fees and fast transaction. If Binance Exchange is on the list of number one exchange and bsc chain is further developed then BNB price will increase much more in future and will be worth like ETH.

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Quote from: I_RodimusPrime on February 23, 2023, 09:29:08 AM

Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?

With the value that BNB has now, I think yes it is good to buy now, because from 304$ last 3 days ago now it dropped to less than 300$ and then just held again.

In times like this, I don't think it's a good way to do day trading, especially if we know ourselves that we're not that deep in trading activity, instead just long-term holdings first while we're still in the process of learning level.

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Quote from: I_RodimusPrime on February 23, 2023, 09:29:08 AM

Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?

I don't think it's late for buying or holding BNB or you want the price that goes down just buying BNB it all depends on you but I think there will be a price -lowering or correction to and at that time the time is for buying or buying more BNB for your portfolio before Bitcoin Halving will come. BNB is a top 4 by market cap, maybe BNB has the potential to rise very drastically that it all depends on your Do Your Own Research and don't fomo to people say no one knows BNB will go up or down DYOR.

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Quote from: coinerer on March 04, 2023, 09:34:56 AM

Quote from: GreenStox on March 04, 2023, 09:09:50 AM

some people say bnb will go down to 40$ until this deep end, and guess what many people still believe that market is still in the bear phase.
and some people dont believe that, so my suggestion you can try and choose one of that side.
but for me maybe wait until end of the year and then go in for invest that was i thinking.

BNB price going to $40 may not be possible. Because in order for BNB to go to $40, the price of Bitcoin will have to fall below $10k, which is almost impossible. BNB never seems to drop below $100. BNB is still very deep. So investing now is also not a bad decision but if you invest following DCA the chances of loss will be reduced a lot. And it is true that BNB will cross $1000 very soon. So anyone can definitely invest in BNB now

I also see some such predictions but I don't think it's feasible. If you pay attention, you will see that BNB is the coin with the lowest drop during the bear season, bitcoin lost 80%, and other altcoins also fell seriously, but BNB only seems to lose 50% of its value. It can be seen that BNB is very well taken care of by CZ, so it is unlikely to fall deeply unless Binance suffers big Fuds. Regardless of whether BNB continues to fall or not, BNB is still an altcoin worth investing in besides ETH, if I invest in altcoins, I only invest in 1 of these 2 top altcoins.

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Quote from: ije07 on March 04, 2023, 10:35:29 AM

If we look at the last chart last month BNB coins had a significant price drop but the drop lasts at a 2 -3 day level and the price is always strengthened and at the moment if we see the candle given the price BNB is in a safe position to buy and if you are going to enter this coin now then you can get the next bull moment.

Exactly as you said. after experiencing a correction BNB is always able to recover quickly. because there are indeed many people waiting to buy BNB when the market is experiencing a correction. But sometimes fear for beginners actually occurs when the market turns red. even though the red market is sometimes the right time to accumulate. but sometimes there are still many who feel panicked and even make sales when the market is red. and talking about BNB then we will always be given a beautiful view on the market when Binance holds Launchpad. because usually the price of BNB will strengthen quickly even though the crypto market is in the red. DYOR.

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Quote from: I_RodimusPrime on February 23, 2023, 09:29:08 AM

Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?

I am not Financial Advisor . However, I can provide some general information that may be helpful in making investment decisions.
BNB is the native token of the Binance exchange and has experienced significant growth in value over the past few years. Like any asset, its price is subject to market forces, including supply and demand, as well as broader economic and regulatory factors.

Regarding the timing of purchasing BNB, it is important to note that timing the market can be difficult, and there is no guarantee of a significant price drop in the future. It may be helpful to consider a long-term investment strategy and consider factors such as the technology, use cases, and adoption potential of BNB when making an investment decision.

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Quote from: sulendra12 on March 03, 2023, 05:21:44 AM

Quote from: I_RodimusPrime on February 23, 2023, 09:29:08 AM

Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?

We couldn't expect anything in this year, because the price could drop tomorrow or even to the moon, no one can predict that. But to make sure though, BNB is being used in their exchange called Binance and you can see the use-case of this coin there so the price at least will be maintained to the point it's not going to be worthless. You can jump to invest BNB but still be aware with anything happened.

If you think there is a chance for the price to rise then that is something that you will look forward or expect to but in this year many people are bullish in cryptos. At the moment, a few decline is spotted. We better hurry and take this because this might be the last drop that we can see for now or until the incoming bull run is done. Bnb has a utility and it's used on one of the top exchanges but what if the exchange itself collapsed?

We already have similar cases like that before but it's great that you add a disclaimer at the end of your sentence. With this, the op or anyone else who plans the same thing will pause and think properly if he/they can handle the risk or not.

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If we look at the last chart last month BNB coins had a significant price drop but the drop lasts at a 2 -3 day level and the price is always strengthened and at the moment if we see the candle given the price BNB is in a safe position to buy and if you are going to enter this coin now then you can get the next bull moment.

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Quote from: GreenStox on March 04, 2023, 09:09:50 AM

some people say bnb will go down to 40$ until this deep end, and guess what many people still believe that market is still in the bear phase.
and some people dont believe that, so my suggestion you can try and choose one of that side.
but for me maybe wait until end of the year and then go in for invest that was i thinking.

BNB price going to $40 may not be possible. Because in order for BNB to go to $40, the price of Bitcoin will have to fall below $10k, which is almost impossible. BNB never seems to drop below $100. BNB is still very deep. So investing now is also not a bad decision but if you invest following DCA the chances of loss will be reduced a lot. And it is true that BNB will cross $1000 very soon. So anyone can definitely invest in BNB now

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some people say bnb will go down to 40$ until this deep end, and guess what many people still believe that market is still in the bear phase.
and some people dont believe that, so my suggestion you can try and choose one of that side.
but for me maybe wait until end of the year and then go in for invest that was i thinking.

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Quote from: Ozero on March 03, 2023, 11:08:25 AM

Quote from: The Cryptovator on February 23, 2023, 01:38:17 PM

We cannot determine if it is too late or too early to invest in cryptocurrencies under the current investment strategy. Since BNB is a native coin of the Binance exchange, there is no question that it has potential. If the entire cryptocurrency market doesn't crash, they won't let it down in the least. Since we are unable to provide suggestions, we may only express our opinion. Because investing in cryptocurrencies is risky at all times. BNB coin has solutions such as reduced trading fees to Binance exchange and gas fees. In light of other currencies, it is a fairly powerful coin. We are unable to predict prices with any acceptable accuracy.

Despite some difficulties that the Binance exchange has been experiencing lately, its BNB coin is very good for investment. Especially now, when the entire market has plunged into crypto winter for the second year already and prices are now relatively very low. Therefore, BNB is now worth buying. At its current price of $289, the price of this coin could again double, or even more.

I think bnb is an altcoin that is worth investing in after bitcoin and ethereum. we know binance still rules the exchange today, where its reputation is indeed trusted to this day. therefore bnb is a suitable altcoin to buy at this time. especially now that the market is not good, so it is an opportunity to buy it, so that when bitcoin increases, BNB will follow it and that means we are profitable, all we have to do is take profits or continue long-term investments

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Quote from: I_RodimusPrime on February 23, 2023, 09:29:08 AM

Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?

I believe that Binance has been unfairly penalized by the SEC for issuing BUSD, and that injustice has recently affected the price of BNB. As a result, I will advise you to exercise patience, identify the support and resistance levels, and buy when the price drops below $300 because it appears that this level has been a strong support, and anything below it will cause the price to drop even further. You should also keep an eye on the SEC to see if they eventually agreed to fine Binance a significant sum. BNB is a nice currency that will appreciate in the future, so if you're fortunate and manage to purchase it for less money, hold onto it for a while.

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Quote from: I_RodimusPrime on February 23, 2023, 09:29:08 AM

Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?

I don't think it's right to ask someone else for direct investment advice. Listen to some suggestions but at the end of the day always make your own decisions please.

Binance Coin is one of the coins that I can always add to my list after Bitcoin and Ethereum because centralized exchanges have an important role in this market. In fact, centralized exchanges will always go against the philosophy of cryptocurrencies, but we will continue to need them for some issues. That's why I think I can always have some confidence in quality and powerful projects like Binance. I am not in a buy position for altcoins at the moment, but Binance Coin may be one of the coins on my list.

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Quote from: The Cryptovator on February 23, 2023, 01:38:17 PM

We cannot determine if it is too late or too early to invest in cryptocurrencies under the current investment strategy. Since BNB is a native coin of the Binance exchange, there is no question that it has potential. If the entire cryptocurrency market doesn't crash, they won't let it down in the least. Since we are unable to provide suggestions, we may only express our opinion. Because investing in cryptocurrencies is risky at all times. BNB coin has solutions such as reduced trading fees to Binance exchange and gas fees. In light of other currencies, it is a fairly powerful coin. We are unable to predict prices with any acceptable accuracy.

Despite some difficulties that the Binance exchange has been experiencing lately, its BNB coin is very good for investment. Especially now, when the entire market has plunged into crypto winter for the second year already and prices are now relatively very low. Therefore, BNB is now worth buying. At its current price of $289, the price of this coin could again double, or even more.

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having some BNB is always good I think accumulating BNB will always giving better yields than other coin not from the rise of its value but from the rewards that you might get, also it's very beneficial if you're long customers of binance services they'd offer many rewards just for holding BNB, moreover it's value usually increase when market is getting better so I think you should accumulate it right now.

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Quote from: I_RodimusPrime on February 23, 2023, 09:29:08 AM

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I think BNB this coin is very good quality which has become very popular in current crypto market. Coins of BNB platform are the most invested. I have already purchased some amount of BNB in my wallet. And I believe there is no risk in investing in this coin for long term. But if you buy and hold BNB from the current market position, you can definitely expect something better in the future.

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Quote from: Ahli38 on March 03, 2023, 05:31:36 AM

Today we see a very fast correction. But for me this is an opportunity to accumulate more BNB. Because BNB is one of the altcoins that I keep collecting. because I always want to be ready when Binance has Launchpad. But I'm not suggesting anyone to follow what I do. because the current market volatility is very strong. last year in March it still signifies a green market. but it looks like this year the market will likely be a little red. This is due to BTC's sideways position in the 21k-25k area. and in past years in April it has always been a red market. but I hope that this year the market will continue to strengthen and continue to be green. so I think we should still be careful. but I have become accustomed to buying on red and selling on green. DYOR.

A little careful in terms of trying to position yourself, there are takers who will think that the current situation will only take
short span of time and it will bounce back again.

You need to analyze and try to figure something out from the past situation, if there's a good trigger point then you can go and buy.

But if you see that chances to go deeper make sure that you are willing to take that risk in holding on a extended time frame.

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Quote from: sulendra12 on March 03, 2023, 05:21:44 AM

We couldn't expect anything in this year, because the price could drop tomorrow or even to the moon, no one can predict that. But to make sure though, BNB is being used in their exchange called Binance and you can see the use-case of this coin there so the price at least will be maintained to the point it's not going to be worthless. You can jump to invest BNB but still be aware with anything happened.

It seems to me that there is a lot of pressure on Binance right now, this can negatively affect the price of bnb at any time, so it’s better to pay attention to other altcoins now. Bnb has grown in price a lot, but it has not fallen so much compared to other tokens, this is a sign for me that it will continue to get cheaper for tsometime, I would not buy it now.

Topic: Should I buy BNB now? - page 18. (Read 3031 times)