Should I buy BNB now? - page 8. | Bitcointalksearch.org

rodskee

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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?

if you are going to ask this now? yeah it is too late for now because of all the issues
connected to binance , I'm afraid you are going to earn better in the coming months and I am afraid if this is till
halving , so many cases filed against binance and even Ronaldo the football player is being sued as he is
advertising Binance and facing a Billion dollar suit.maybe better to try other option now and not to deal
with binance until all the problem resolved.
not unless you are willing to hold long term at least till next halving in 2018? then yeah you can
invest and not so late then.

Samlucky O

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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?

No time is too late to buy BNB. I think BNB has once attain the ATH of $686.31 on may 2021 and bitcoin was around $68,500k on November 2021 so checking from analysis there is a chance that it will attain it ATH again, since it depends on bitcoin for growth. I believe if bitcoin can rise to $68k, bnb will also trace back to its price. So I think BNB is will also follow the trend.

nimogsm

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Quote from: jasonjm on December 02, 2023, 06:12:49 AM

After the FTX scam, one thing was pretty evident investing in exchange tokens is associated with more risks compared to other investment options.
Although the topic is old, I want to weigh in and warn people not to invest their money in BNB. After what happened to CZ, things look shady, and Binance operations are on Law enforcement's radar. The exchange might halt its operation in the near future. So, it is better not to invest in any exchange token and not store any coin on the exchanges (Mt. Gox Reference) except for trading purposes.

cz left his post, but this did not affect the work of the exchange itself; the exchange is still operating as normal.The reserves of the exchange confirm that there are funds and I don’t see much panic even among users and in the media.Of course there were situations when large exchanges abruptly left the market, but this situation is not similar to me.

jasonjm

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After the FTX scam, one thing was pretty evident investing in exchange tokens is associated with more risks compared to other investment options.
Although the topic is old, I want to weigh in and warn people not to invest their money in BNB. After what happened to CZ, things look shady, and Binance operations are on Law enforcement's radar. The exchange might halt its operation in the near future. So, it is better not to invest in any exchange token and not store any coin on the exchanges (Mt. Gox Reference) except for trading purposes.

Obim34

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Asking if you should buy BNB now is more of a rhetorical question which a specific answer should not be acknowledged from any other person aside you who will bear the risk involved.
No body should tell you yes, but now or No, do not buy now as it is purchasing Altcoin, if it were to be about Botcoin then I will gladly tell you yes it is a right time to buy Bitcoin because we are still below the last All Time High and currently in the DIP. BNB is an Altcoin and is greatly associated with risk more than that of Bitcoin and where else a person is not competent enough to manage the risk then there will be losses which we are trying to avoid.
Advises can only be given and explained how the market works on when to buy as to make good profits from the investment. If you have the funds to buy and you feel at this current price is the best time to buy, then you consider and if not, the decision is yours.

batang_bitcoin

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Quote from: shushu9977 on December 01, 2023, 11:02:17 AM

Buying any crypto is always good for investment. Because no one can say what is the crypto price in next year? So, you can buy bnb at present. Bnb is a good crypto for investment. As I mention, always buy crypto which is under rate price or low price.

There are certain things that investors need to consider. I myself is holding BNB and I know what I am up to so, there's no problem at all for me to buy it at any time. But for those that are trying to buy it and don't know what they are up to, you guys have to reconsider yourselves in buying it because with the news about Binance, maybe that's going to give you some idea on what's happening and that could change or affect your decision into buying this coin.

shinratensei_

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Quote from: JayTrain on December 01, 2023, 03:49:50 PM

I don’t think now is the best time for BNB, because you know all the news with the binsnce exchange. This would have been relevant two years ago, now it is a big risk and it is not clear what will happen next. I certainly hope that the BNB network will continue to exist and be successful, but we need to wait a little and see how all this drama with the regulators ends.

can't agree more with this, doesn't matter how good bnb is as a coin if the regulation try to hold it it will losing value. right now better wait until we could have some conclusion regarding binance and how they will truly gonna turning out to be moreover the market aren't lacking good coin to invest, if bnb seemed to be having really uncertain situation why don't just settle with other coin, heck even bitcoin and ethereum have better chance of having rally these days around far better than BNB there's honestly no point in investing BNB until the situation become clear, but if someone is trying to buy when everyone is in panic then i guess BNB already having some correction right now but the correction doesn't necessarily its bottom, it might be very well become lower in price when binance having more problems.

carlisle1

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Quote from: bastian466 on December 01, 2023, 11:45:06 AM

I think there will be another big decline but not as deep as what happened before, usually it happens like preparing to rise to a new ATH peak, so please do research first if you want to buy other altcoins, especially BNB which is famous because it was created from a large and well known exchange market so of course The demand increases as time goes by so the price also increases

Do your diligent research as there's always a chance that the market will favor the direction of any coin that really performing, BNB
unlike with any other coin already established its community.

It's now about the timing when you buy your assets and how you will handle all the market movements, if you perfectly monitor the market

then the chance that you may anticipate what next will supposed to happen and what position you will decide to take your trade to be executed.

JayTrain

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I don’t think now is the best time for BNB, because you know all the news with the binsnce exchange. This would have been relevant two years ago, now it is a big risk and it is not clear what will happen next. I certainly hope that the BNB network will continue to exist and be successful, but we need to wait a little and see how all this drama with the regulators ends.

bastian466

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I think there will be another big decline but not as deep as what happened before, usually it happens like preparing to rise to a new ATH peak, so please do research first if you want to buy other altcoins, especially BNB which is famous because it was created from a large and well known exchange market so of course The demand increases as time goes by so the price also increases

andyou1234

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If you see market conditions starting to improve, in my opinion this is the right time to buy BNB even though the price has risen slightly from before, because we don't have to wait long for the next increase because the market is growing, but if the price of BNB is too high, it's best to postpone the purchase BNB and wait until the price drops again.

shushu9977

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Buying any crypto is always good for investment. Because no one can say what is the crypto price in next year? So, you can buy bnb at present. Bnb is a good crypto for investment. As I mention, always buy crypto which is under rate price or low price.

AnonBitCoiner

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It's not too late to buy BNB because you can buy until halving occurs as most higher worth will be during halving at which no one will be able to buy any coins. BNB is a good coin and everyone should invest some amount in BNB, people focus more on bitcoin but I think that knowledge about other beneficial coins is also compulsory because many coins have the ability to make you Millionaire instead of bitcoin.

Huge price drop is uncertain and no one know anything about Huge pump or huge down but there is no possibility that during halving Huge dump can occurs. The price of every coins will increase as higher as everyone will get large sum of money in return. Everything can happen in these three or four months therefore if you want to buy BNB then start working on it today because if price goes more higher than this then there will be less profit for you.

GlacierBIT

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Quote from: Kelward on December 01, 2023, 01:51:53 AM

Quote from: Tipstar on November 30, 2023, 06:43:13 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?

BNB is struggling at the moment and I don't think there would be a large change until February when CZ is going to get sentenced.
And there's been rumors that the sentence is going to be hard. Even if the sentence are relatively small like a billion fine, that would make the price plummet for some days.
The event won't have much effect on binance and BNB itself but the emotional effect on the market price would be real.
So it's wiser to wait for February and buy BNB lower than 200. I personally have a small amount of BNB, which I'm intending to sell withing this year and wait for the ultimate crash.

One big determinant of cryptocurrency market supply and demand is news, so if the news of a particular crypto coin is not too good it might affect it negatively, one way or another. The exit of CZ as the CEO of binance, coupled with the charges against him is not a good sign for BNB. We don't know what becomes of binance, in extension BNB, now that a new CEO is taking over the reins of power, if he under performs, then it could mean the beginning of the end for binance and BNB. So with all this recent happenings, I think that BNB might not be good to buy now, it's better to wait and see what becomes of binance, after CZ is probably sentenced. Good thing we're entering bull run, and we have many options to choose from, bitcoin and other top altcoins.

This whole story with bnb fits the final chord, at such moments it is better not to take risks and not deposit your savings, perhaps only a small part, for the sake of experimentation. We won’t get early insights, but big news is sometimes difficult to follow. It’s better to just continue to monitor this situation.

Kelward

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Quote from: Tipstar on November 30, 2023, 06:43:13 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?

BNB is struggling at the moment and I don't think there would be a large change until February when CZ is going to get sentenced.
And there's been rumors that the sentence is going to be hard. Even if the sentence are relatively small like a billion fine, that would make the price plummet for some days.
The event won't have much effect on binance and BNB itself but the emotional effect on the market price would be real.
So it's wiser to wait for February and buy BNB lower than 200. I personally have a small amount of BNB, which I'm intending to sell withing this year and wait for the ultimate crash.

One big determinant of cryptocurrency market supply and demand is news, so if the news of a particular crypto coin is not too good it might affect it negatively, one way or another. The exit of CZ as the CEO of binance, coupled with the charges against him is not a good sign for BNB. We don't know what becomes of binance, in extension BNB, now that a new CEO is taking over the reins of power, if he under performs, then it could mean the beginning of the end for binance and BNB. So with all this recent happenings, I think that BNB might not be good to buy now, it's better to wait and see what becomes of binance, after CZ is probably sentenced. Good thing we're entering bull run, and we have many options to choose from, bitcoin and other top altcoins.

2Pizza410000BTC

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Quote from: Samurai trieng on November 30, 2023, 12:45:39 PM

BNB is one of the altcoins that has great potential and fundamentals in the crypto market, especially now that the price of BNB is still very affordable and has not experienced a significant increase, of course it is very worthy of investment and now is the right time to buy BNB, and I am sure BNB will provide huge profits in the future.

Their platform token BNB is under a lot of pressure along with the Binance exchange. How much BNB will be able to advance in the coming days is yet to be told clearly. We've already seen Binance CEO CZ indicted for anti-money laundering and fined $4.3 billion. In addition, a fine of 1 billion dollars has been imposed against superstar football star Ronaldo. Creating so much pressure about Binance never brings benefits to Binance. But all these difficulties can be overcome by Binance Exchange but it can be safe to use Binance Exchange and invest in BNB. But right now Binance Coin BNB is not safe to invest no matter how low the price is. Still those who feel like investing at their own risk can wait and invest.

Lamkuthang

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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?

If OP or someone decides to buy BNB (Binance Coin) at this time, it depends on each individual's TA analysis let alone the current market situation. Regulatory issues with the SEC could indeed affect BNB's price and future prospects. it might not be wrong to consider the risks associated with this uncertainty before making an investment decision and of course you know, this is a buying opportunity for BNB because it is very affordable and is still discounted at $229 after the last incident.

Freddie Boyer

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Quote from: ItsCrafty on November 30, 2023, 05:08:57 AM

Bnb is good fundamental coin but the amazing thing is behind the bnb is BTC if BTC movement is same like now it will also go up but I think bitcoin will go in same movement which will give a good hype to bnb also I m thinking all investe now want to take profit in this bill run I also decided to buy BTC if they again dip to 30k and I hope it will give good profit If I hold it to 60k

The decision to buy BNB coins is right for other crypto assets and should not be taken carelessly. Why is that? Because when we consider entering the world of crypto, we must understand the risks involved, the potential profits we can gain, and how market trends can affect our investments as they are currently doing. Without proper research and good understanding, we run the risk. make impulsive decisions that could negatively impact our portfolio. So, don't rush into making this decision.

Belarge

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Quote from: Velemir Sava on November 30, 2023, 02:48:23 AM

I'm also interested in this CZ coin, but the price is very sad for hodlers because it dropped after the incident, but even so, this is not a barrier if he is a fan of BNB coins, regardless of whether there are issues or not, he still buys it, especially now. Yes. BNB is good to buy and hold for the next 10 years and many say the price will be $1K.

We're in the market to milked it and not get our accounts liquidated from the system. It can be bulky and the things we do might fall on the wrong sides often. You expects an investor or trader to hold an altcoin for 10 good long years? Ofcourse it's impossible because there are other needs to settle and we need money settle our bills and our basic needs. I wouldn't blame anyone that doesn't stand in good position to hold coins because they just couldn't survive but can fly to higher heights with appropriate settings. BNB is the native token of Binance and its chances of skyrocketing to the moon is very promising just as Bitcoin and Ethereum.

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Quote from: Sophokles on November 30, 2023, 01:50:38 PM

Quote from: Romeotom on August 24, 2023, 01:31:48 PM

If bnb coin price is low now then you can buy but according to your ability. Currently bnb coin is very popular and their marketcap is huge. Their project has been doing business in the market for a long time and indeed they are long time. Moreover they have some standard several systems where you will get profit. I may be able to explain it with logic but in simple terms you should understand that it is dependent coin.

BNB had its time in the last cycle but i don't think it will perform like that in this cycle. Also there are so many issues with binance ongoing that it seems risky to invest in an exchange coin like BNB. It has its own ecosystem and project but it is heavily influenced by binance so any negative impact on binance will heavily impact the BNB price. CZ was one of the masterminds behind binance and its L2 blockchain BNB so without him not sure how well it will operate where there is already so many L2 in the market.

Correct. Bnb prices are indeed greatly influenced by the development of the Binance exchange. In the past, when this exchange didn't have any problems, many predicted that the price of bnb would reach $1000. However, after recently the binance exchange was hit by various problems, it will be very difficult for bnb to increase. But again, in trading anything can happen

Topic: Should I buy BNB now? - page 8. (Read 3031 times)