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Topic: Should I buy BNB now? - page 4. (Read 3031 times)

hero member
Activity: 1022
Merit: 667
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January 09, 2024, 05:30:12 PM
The call is on you man,  no one will teach you what to do with your money and this is investment and as you know,  cryptocurrency investment comes with high risk and for that,  many people are against advising others to avoid making them fall into wrong hands and get blamed for that.

That is the reason we always call for doing your own research at all times to avoid getting misled at some point since we may possibly have some members who may be chilling for the coin and will tell you what will favour them and not you.

BNB is already a well-known coin and if you talking about long-term investment,  then I can say choosing the coin may be ok after considering all the risks involved.
hero member
Activity: 1498
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January 09, 2024, 05:16:21 PM
Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?

Of course, new investors will always appear all the time.  If we consider that today is not the right time to invest in BNB or other crypto, what will happen in the future if the price of BNB experiences a sharp increase?  Therefore, it is never too late to invest in crypto with potential, the most important thing is to understand the risks
That is while you don't need to take any permission from anyone before you can as well invest in any coins you want to invest on, its very obvious that investing in bitcoin have to do with precautions likewise other altcoins, their no time someone invest in a coin that have a potential that is waste of time, the thing is that when you invest try to exercise a patients so that the coin will rise and you make a profit, that is the reason while I always emphasise on long-term investment and investigation before you invest
newbie
Activity: 7
Merit: 0
January 09, 2024, 09:29:22 AM
NFA
Binance is giving interesting APR through launchpad when you hold BNB in the platform so it can be interesting to have a small % of your portfolio.
To be honest, it's what I do.
sr. member
Activity: 1097
Merit: 310
Seabet.io | Crypto-Casino
January 09, 2024, 05:12:08 AM
As far as I understand from my little knowledge, whenever you are ready to invest in crypto, that is the right time for you to invest. If you are interested in investing in BNB, you should never wait for the price of BNB to go down. Because BNB is a good basic currency which is very loved and known by all investors. There is no chance that BNB could be a huge dump. The value of BNB is likely to increase over time. So I think it's better to invest in BNB now as the profit share depends on buying BNB all the time.
copper member
Activity: 1428
Merit: 253
January 09, 2024, 02:12:17 AM
The price of BNB Coin reached a maximum of $691, which may have been the highest price in the history of BNB Coin. I agree with you that this coin may go back to its previous position when the bullrun starts in the market.

Yeah the price of BNB is still low at the moment and before the next bull run it will be a good idea to start investing in BNB. It is one of the coins which apart from the good price does give its investors a decent return if it is staked. If you stake on Binance exchange you would get a higher return on the staking value. The other good thing about staking it on Binance is that you become eligible for airdrops of new coins that will be listed on the exchange.

I don't know if it will be very interesting for people to invest in BNB. The coin is related to the development of the Binance exchange. if something happens to the exchange then the risk will also impact the coins.
The growth potential of the BNB coin is extraordinary. and the development of the Binance exchange is very large. but there was news at the end of last year that the founder of Binance finally had to resign and live temporarily in the United States. Binance has very strong financials. If not, perhaps this stock exchange would have been destroyed and many investors would have lost.
I don't rate the BNB coin and the Binance exchange as bad. but we can make several considerations before investing.
sr. member
Activity: 490
Merit: 279
January 09, 2024, 01:53:07 AM
The price of BNB Coin reached a maximum of $691, which may have been the highest price in the history of BNB Coin. I agree with you that this coin may go back to its previous position when the bullrun starts in the market.

Yeah the price of BNB is still low at the moment and before the next bull run it will be a good idea to start investing in BNB. It is one of the coins which apart from the good price does give its investors a decent return if it is staked. If you stake on Binance exchange you would get a higher return on the staking value. The other good thing about staking it on Binance is that you become eligible for airdrops of new coins that will be listed on the exchange.
sr. member
Activity: 364
Merit: 308
January 09, 2024, 01:36:48 AM
Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?
There is still plenty of time to invest in BNP Coin as the price of BNB Coin is only $302 right now. I think the BNB coin price is low enough now that you can buy it now if you want. Bitcoin halving is very close After Bitcoin halving bullrun will start in the crypto market then the price of most of the coins in the market will increase even the alt coins will increase in price. So it can be said that when bullrun starts in the market the price of BNB coins will increase.

BNB is still very bullish, the all time high was above $600 and it is still more than 50% below the all time high.
I think in next bull run which is expect to come within this year 2024. BNB will cross it is all time high.
The price of BNB Coin reached a maximum of $691, which may have been the highest price in the history of BNB Coin. I agree with you that this coin may go back to its previous position when the bullrun starts in the market.
sr. member
Activity: 1792
Merit: 264
January 08, 2024, 11:08:17 PM
Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?

Of course, new investors will always appear all the time.  If we consider that today is not the right time to invest in BNB or other crypto, what will happen in the future if the price of BNB experiences a sharp increase?  Therefore, it is never too late to invest in crypto with potential, the most important thing is to understand the risks
hero member
Activity: 2086
Merit: 553
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January 08, 2024, 12:13:23 PM
The price of BNB have really gone high -snip-
BNB price is still cheap enough, it is around $300. The ATH is $686, he current price isn't a half of its ATH. So, it is a bit strange if you state that it is a high price.  Huh

I think it is not still a bad idea to invest,  BNB  is one of the profitable altcoins I know with a good market value,
Sure. BNB is one of the top altcoins and it has a very good history. BNB also has a clear fundamental, so it is always good to invest in BNB. Although there is a bad issue about Binance exchange, BNB looks strong enough to survive and increase its price.

but this time if one is going into investing it will be better to invest the amount you can afford to lose, and never to be so attracted to the increase of price which will make one to be greedy to invest a big amount of money.
We must always invest in the amount of money that we afford to lose. We don't force to invest with the money we used for basic necessities. Investing in altcoins are risky, it is only recommended to use safe money. We also don't invest in BNB or other altcoins with loan money. There is no guarantee to take good profits, this is a high risk investment.

hero member
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January 08, 2024, 10:58:51 AM
SEC was trying their best to make sure that tokens should not see the light of the day but we thank God the management was also good enough to tackle some of the things needed to keep the project running. The matter what BNB is one of the best to invest in the cryptocurrency space and the token is having value in every bull run so investing in BNB now is one of the option as of now.

Did BNB really crossed Ethereum's marketcap last month? I was not aware of that until now or maybe you misunderstood Ethereum with Solana. BNB just crossed Solana's market cap. not ethereum.
Ethereum is way ahead in this reace for now.

I didn't not say BNB over cross Ethereum last month, I said, I was also surprised seen the comment from mich but later I came to understand that it was the users activities and not in the market cap.
hero member
Activity: 952
Merit: 555
January 08, 2024, 09:03:30 AM
Well, It is just $1 below $300. but I don't think that really matters. BNB is still very bullish, the all time high was above $600 and it is still more than 50% below the all time high.
I think in next bull run which is expect to come within this year 2024. BNB will cross it is all time high.

Considering their strong development and some solid updates in the future, they are one of the best choices to invest if you want to invest in altcoins along with bitcoins. Despite their problem with the SEC, they still managed to run their platforms and fixed everything without getting some FUDS ruining their company this is one of the best indications of a trusted altcoin but unlike other new ones, I don't think it can get a more high price when the crypto market will explode due to bull runs in the near future because they already reached their ATH and they will need another innovative update in order to make that happen again.

SEC or no SEC, BNB is still a valid cryptocurrency we can invest on this time, for the fact that it has shown a good performance this recent days is another reason to believe and know about what we should expect the subsequent times coming, just as we have expected the market already to surge higher before the end of 2023 a s everything almost came through as expected, we can also do more better this time around in seing more from BNB before the approval of bitcoin ETF or halving.
hero member
Activity: 2268
Merit: 588
You own the pen
January 08, 2024, 08:24:03 AM
Well, It is just $1 below $300. but I don't think that really matters. BNB is still very bullish, the all time high was above $600 and it is still more than 50% below the all time high.
I think in next bull run which is expect to come within this year 2024. BNB will cross it is all time high.

Considering their strong development and some solid updates in the future, they are one of the best choices to invest if you want to invest in altcoins along with bitcoins. Despite their problem with the SEC, they still managed to run their platforms and fixed everything without getting some FUDS ruining their company this is one of the best indications of a trusted altcoin but unlike other new ones, I don't think it can get a more high price when the crypto market will explode due to bull runs in the near future because they already reached their ATH and they will need another innovative update in order to make that happen again.
full member
Activity: 280
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Eloncoin.org - Mars, here we come!
January 08, 2024, 06:23:18 AM
Well BNB coin is now less then $300 and it still has hire marketcap then Solana. And in the last month the BNB chain has more activity then the Ethereum blockchain.
https://ambcrypto.com/bnb-chain-booms-with-user-activity-while-ethereum-falls-behind/
Well, It is just $1 below $300. but I don't think that really matters. BNB is still very bullish, the all time high was above $600 and it is still more than 50% below the all time high.
I think in next bull run which is expect to come within this year 2024. BNB will cross it is all time high.


Well BNB coin is now less then $300 and it still has hire marketcap then Solana. And in the last month the BNB chain has more activity then the Ethereum blockchain.
https://ambcrypto.com/bnb-chain-booms-with-user-activity-while-ethereum-falls-behind/
I was surprised to see that BNB has surpassed Ethereum last month but when I read the article it is for the user activity and not the market price. Because the market price of Ethereum is 2,212.75 while BNB is 298.0 so Ethereum is the second highest cryptocurrency in the ecosystem. Solana is one of the good altcoins which has good value in the system or industry. As of now the users activities BNB is doing well more than Ethereum.

Did BNB really crossed Ethereum's marketcap last month? I was not aware of that until now or maybe you misunderstood Ethereum with Solana. BNB just crossed Solana's market cap. not ethereum.
Ethereum is way ahead in this reace for now.
hero member
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January 08, 2024, 06:13:25 AM
Well BNB coin is now less then $300 and it still has hire marketcap then Solana. And in the last month the BNB chain has more activity then the Ethereum blockchain.
https://ambcrypto.com/bnb-chain-booms-with-user-activity-while-ethereum-falls-behind/

Solona marketcap is now down much in this week. The airdrop trend of solona has down which affected Sol token price. Those who were bullish on Bonk and solona other new token like JTO portfolio is going down every day. Bonk shed more than 60 percentage in the month which is clear sign that solona whales are giving up from Sol chain. It is good to hold bnb now because bnb trend is not just for one or two weeks. Binance is doing their best to shill BNB and probably once again bnb rise to 500$ above.
We can't expect less with the way altcoins are now falling, and no thanks to the ETF fillings in whose verdicts or postponements are expected this week. The too much negative expectations are dragging the cryptocurrency market back into losses, but obviously can't be that bad compared to how it was at the beginning of 2023 or late 2022. They will preserve most of their bullish trends as they also preserve most of their market capital. Take Solana for example, it is still preserved so well, that it would definitely fall but the falling can't be as much as people believed.

It is now in the top 5 ranking and might move a bit lower over time, but for how long? I expect it to quickly stabilise and get moving higher again over time. It is a bit higher than $30B now compared to the far lower amount of $10B at the beginning of 2023, so it is doing well, it is only a matter of time, and the expected bull run will definitely happen. As for BNB, it is also a major market in the cryptocurrency world and as long as Binance does not have issues, BNB will continue to rise. I expect it to move above $600 before the end of this year, so those who are not investing in it will be the ones to miss.
hero member
Activity: 2506
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Eloncoin.org - Mars, here we come!
January 08, 2024, 05:15:58 AM
Well BNB coin is now less then $300 and it still has hire marketcap then Solana. And in the last month the BNB chain has more activity then the Ethereum blockchain.
https://ambcrypto.com/bnb-chain-booms-with-user-activity-while-ethereum-falls-behind/

Solona marketcap is now down much in this week. The airdrop trend of solona has down which affected Sol token price. Those who were bullish on Bonk and solona other new token like JTO portfolio is going down every day. Bonk shed more than 60 percentage in the month which is clear sign that solona whales are giving up from Sol chain. It is good to hold bnb now because bnb trend is not just for one or two weeks. Binance is doing their best to shill BNB and probably once again bnb rise to 500$ above.
hero member
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January 08, 2024, 04:59:14 AM
Well BNB coin is now less then $300 and it still has hire marketcap then Solana. And in the last month the BNB chain has more activity then the Ethereum blockchain.
https://ambcrypto.com/bnb-chain-booms-with-user-activity-while-ethereum-falls-behind/
I was surprised to see that BNB has surpassed Ethereum last month but when I read the article it is for the user activity and not the market price. Because the market price of Ethereum is 2,212.75 while BNB is 298.0 so Ethereum is the second highest cryptocurrency in the ecosystem. Solana is one of the good altcoins which has good value in the system or industry. As of now the users activities BNB is doing well more than Ethereum.
hero member
Activity: 3080
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January 08, 2024, 04:29:16 AM
Well BNB coin is now less then $300 and it still has hire marketcap then Solana.
They've switched positions already and I think with SOL, the pump of it is already done. But it doesn't mean that it is going to stop there, who knows if there will be a batch 2 or more after that pump.

And in the last month the BNB chain has more activity then the Ethereum blockchain.
https://ambcrypto.com/bnb-chain-booms-with-user-activity-while-ethereum-falls-behind/
That's thanks to ETHs high gas fees and BSC network is still cheaper than it, I don't even think that ERC20 tokens and its fee will drop in the nearest future.
legendary
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January 08, 2024, 02:05:53 AM
Well BNB coin is now less then $300 and it still has hire marketcap then Solana. And in the last month the BNB chain has more activity then the Ethereum blockchain.
https://ambcrypto.com/bnb-chain-booms-with-user-activity-while-ethereum-falls-behind/
sr. member
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January 08, 2024, 01:22:07 AM
Everything is about our affordability on taking risk to invest on any altcoins we may want to try out, BNB is having a nice performance recently ever since it crossed it's resistance of $300 and there's more hopes in this currency to rise more and have more better performance even than it has ever had in the past, the target now is on this year halving whereby there will be bullrun after it occurs.
We cannot avoid this reality indeed, the influence of news about Binance will indirectly influence the movement of BNB, but everyone really believes that BNB will be able to overcome this.I really agree that BNB has indeed performed well, as indicated by the fact that, up to now, there are still many who believe in BNB's ability to improve.So there are still many who continue to hold BNB in their hands and not let go because they believe that in the future, especially after the halving era, there will be a movement towards an increase, which is what investors are waiting for.
I missed a serious opportunity to buy BNB due to my too much concern about Binance just like you make it look now. I think we should stop worrying about the company and the token too much as the two will always overcome any hurdles they face. When the ugly news of the Binance/CZ's money laundering that saw CZ exit Binance came on board, I knew that a problem was looming for the BNB. The coin tried to overcome the news but the effect was too powerful for it and moved lower to about $202 on the Binance platform. That was when I was getting ready to buy it on the futures market but for the fear of future issues with Binance dissuaded me, I let go.

You can see that it moved so well above $300. What a miss for me! Since then, I have taken every risk I have had a good mind about, and it has been fine. I think that we should set aside our long-lasting bearish view on the important coins and tokens when the bull run is fast approaching. No matter the news, they will always overcome it and it will be a better win for those who purchase it at a challenging time of low price.
There is no need to regret anything we might do because everything has been done with our own analysis, so it is normal to be afraid that something might happen and do something like you did by letting go of what you are holding to avoid something that might result in a loss that could happen at any time.Many people do what you do, but the most important thing is to immediately realize that what you are doing is a mistake and immediately make changes to immediately turn around to buy and reinvest because every quick step will be able to provide better results.I appreciate the follow-up actions you took after seeing that everything turned out to be fine. Of course, this will make things better for introspection in the future. This will certainly be a good experience for everyone to be able to act as you did if you experienced it instead of being worse off with regret.
full member
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January 08, 2024, 01:13:21 AM
There is no such thing as delay in the cryptocurrency market. Don't invest today, tomorrow you will regret that it was too late. Now is the right time to invest in crypto.
Whether or not to invest is entirely up to you. Because here everyone can only give suggestions how to do but the profit and loss is completely yours. So it is your choice whether to invest or not.
Binance (BNB) is a potential coin that I think is very important for long term investment. BNB has not yet grown with the growth of Bitcoin. So I think there is still enough time to invest in it.
From the bolded part it is a good advice to the Op. Procrastination always come with regret. If there is money it better to invest now than postponing it to the next time and one thing in the cryptocurrency market which o have learned my lesson, we don't know what will happen in the next few minutes or hours because the price of the cryptocurrencies are increasing day by day.

So if you have the opportunity to buy don't extend it again. Come and buy now, tomorrow mah be too late. BNB is also moving up very fast.
totally agree with this, it will never be too late for crypto investment. especially with coins that already have a good reputation. in this case BNB.
For investors, the price drop is a bonus that must be taken to get greater profits in the future.
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