Should I buy BNB now? - page 9. | Bitcointalksearch.org

EarnOnVictor

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Quote from: ItsCrafty on November 30, 2023, 06:08:57 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

You should be careful of what you are saying as there are many times that they move in the opposite direction and I don't even regard BNB as Bitcoin's coin as they do not correlate all the time. But, of course, BNB will definitely rise when other cryptocurrencies are rising even if the buying is not much.

And if you check the fundamentals of BNB recently, you will realise that it's not good, especially as Binance that owns it was fined $4.3B.

Technically, BNB has dropped from $273+ to below $233 in a few days after the ugly CZ news and the overall bias remains bearish still. My advice for anyone who is interested in it is to wait and study how the situation unfolds in days. I suggest a buy only when a bullish pattern is formed on the larger timeframes, and 1D and 1W charts should be a good guide by then.

Ahli38

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Quote from: puloweh555 on November 30, 2023, 09:18:53 AM

Quote from: Dr.Osh on November 30, 2023, 03:56:01 AM

Honestly, I still remain optimistic about BNB in the future. Until now Binance is still the best exchange, and it may only be a matter of time until everything returns to normal. I also think it's a good idea to buy BNB little by little, especially when the price is dumping like it is right now. Sooner or later, I'm sure the price movement will return to normal.

For me, BNB is my third coin in my portfolio besides BTC and ETH. Because for me these three coins both have a good future for making profits. Apart from Binance being the best exchange as you said, Binance has also gone through many challenges recently and they have managed to survive this far, this means that the team they have is also very strong, as long as Binance is still surviving, I will continue to use the DCA strategy for BNB.

because for me it's still worth it, just hold on to the BNB coin and be patient. Later the price will also be high, like the Ethereum coin, the price will go up a little, now while it's still cheap, don't regret it if the price is already high.

Even though CZ resigned from his position as CEO at Binance, in reality the price of BNB still did not experience a deep decline. This indicates that the level of trust of BNB holders is still very high. And I personally also have BNB in my portfolio and I still continue to hold it to this day. Because I also believe BNB is worth holding as a medium-term investment. Although I don't hold a lot of it. But I also still accumulate little by little every time I have cold money. I prioritize BTC and the rest I put into altcoins such as BNB and ETH, as well as several other altcoins. Dyor

puloweh555

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Quote from: Dr.Osh on November 30, 2023, 03:56:01 AM

Honestly, I still remain optimistic about BNB in the future. Until now Binance is still the best exchange, and it may only be a matter of time until everything returns to normal. I also think it's a good idea to buy BNB little by little, especially when the price is dumping like it is right now. Sooner or later, I'm sure the price movement will return to normal.

For me, BNB is my third coin in my portfolio besides BTC and ETH. Because for me these three coins both have a good future for making profits. Apart from Binance being the best exchange as you said, Binance has also gone through many challenges recently and they have managed to survive this far, this means that the team they have is also very strong, as long as Binance is still surviving, I will continue to use the DCA strategy for BNB.

because for me it's still worth it, just hold on to the BNB coin and be patient. Later the price will also be high, like the Ethereum coin, the price will go up a little, now while it's still cheap, don't regret it if the price is already high.

Essential10

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BNB is the native token of Binance, one of the largest and most popular cryptocurrency exchanges, so many people store BNB depending on Binance's popularity. BNB has seen impressive growth since its inception. It has recorded significant gains, making it an attractive investment option for some individuals. However, past performance does not guarantee future results. Binance is going through challenging times though. Binance CEO CZ Issue We do not understand what kind of market may come in the coming days. So it is better not to buy BNB right now.

Tipstar

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Quote from: I_RodimusPrime on February 23, 2023, 10:29:08 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.

ItsCrafty

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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

Dr.Osh

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Quote from: jacafbiz on July 21, 2023, 11:38:48 AM

With all the FUD that Binance has suffered, the exchange is still the main exchange in the space shows something, that Binance is here to stay. The token dumped seriously and the price has not caught up with the recent pump in the market, out of all the top project in the space in terms of fundamentals BNB is still the most undervalued, they are launching new L2 soon, as we enter the bull market there will be increase in number of projects listed on Launchpool and Launchpad all these will drive the price up, this is a free 10X to me the risk to reward is very low, and I will be adding to it with time, especially if the price dumped

Honestly, I still remain optimistic about BNB in the future. Until now Binance is still the best exchange, and it may only be a matter of time until everything returns to normal. I also think it's a good idea to buy BNB little by little, especially when the price is dumping like it is right now. Sooner or later, I'm sure the price movement will return to normal.

Velemir Sava

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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.

siniminomorocomunisakito

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If you monitor market movements, prices always tend to fluctuate erratically and people have the option to get around this by using a strategy called dollar cost averaging (DCA), which can help mitigate the impact of short-term price movements.

Exactly right. and it is not surprising that most people today choose to invest gradually over time. For BNB, I think it's good and don't delay it any longer.

Romeotom

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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.

OgNasty

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The only reasons to buy BNB now is if you want to help keep Binance from going under, or you want to help stop Bitcoin’s decrease in value by helping Binance keep BNB’s price afloat so they stop dumping (possibly customer owned) Bitcoin on the market. If you’re investing in BTC for profit, the odds are rather high that you will lose all your money, so be aware of the risk you’re taking on.

Pithaxz

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Bnb is a utility token for Binance that offers various advantages to traders. If you decide to purchase it for this purpose, I recommend doing so in particular to take advantage of the discount if you are a regular trader. Launchpad is another option; it represents BNB's sweet side. You will receive a ticket for the Binance Launchpad when you possess a particular quantity of BNB, and if you are chosen, you will be paid a respectable sum. If you're buying as a diamond hand, buy it now when the price is lower, then move it to your external wallet in preparation of the next bull run.

Wahyuihib

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Rexx

buying BNB is a personal right that you own. So nothing can influence you to buy BNB or not. meaning whenever you want to buy this coin, please do it. because to expect a price reduction too for now is very difficult

Tomcolor

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You should first decide how long you want to earn profits. If you want to hold bnb for long time then you can buy but for short term holding you should buy bnb at dip price. Actually dip means you can never buy more low so you have to catch some red signals. They have long run market history so you can hold very long time with highest safety.

|MINER|

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Quote from: I_RodimusPrime on February 23, 2023, 10:29:08 AM

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

If go back to 2021 market of Cryptocurrencies then you will saw that the BNB touch it's all time high price at 690 us dollar. And if you look at the current market then you will see that the price of BNB is now At about 237 us dollar, so you can see that the difference between it's all time high price and the current price. And one thing I want to also say that no one can assure that how will be the situation of future market. In this case I don't think 237 is a bad price for gaining some good profit. So my suggestion for you you can invest in BNB coin now and it should be for long run until the next halving of Bitcoin or touch the next bull run

Franctoshi

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Quote from: dimonstration on February 23, 2023, 11:38:09 AM

Quote from: I_RodimusPrime on February 23, 2023, 10:29:08 AM

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

Buying BNB while CZ is the hot target of US government to hunt down like buying a time bomb. Also BNB grown a lot and the highest profit that you can get assuming that it will beat its peak price was only around x3 of your investment in comparison with other project that down more than x3 in value from their peak.

I knew CZ is tough but he can’t do anything once huge player gang up on him and set him up with a massive trap. I highly suggest to stop investing on BNB and focusing on another promising project like TON.

Yes, same thought here mate, the lawsuit case will have a slow growth impact on the price of BNB in the coming bull run, just as what happened to xrp, though BNB has more use cases than xrp currently because of its use in paying gas fees, maybe think of investing a small portion of your fund in BNB if you care and look for a more promising coin.

I_RodimusPrime

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Quote from: jacafbiz on July 21, 2023, 11:38:48 AM

With all the FUD that Binance has suffered, the exchange is still the main exchange in the space shows something, that Binance is here to stay. The token dumped seriously and the price has not caught up with the recent pump in the market, out of all the top project in the space in terms of fundamentals BNB is still the most undervalued, they are launching new L2 soon, as we enter the bull market there will be increase in number of projects listed on Launchpool and Launchpad all these will drive the price up, this is a free 10X to me the risk to reward is very low, and I will be adding to it with time, especially if the price dumped

Yesterday brought 2 BNB, I will buy more once it hit back again 180-190$ area.

jacafbiz

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With all the FUD that Binance has suffered, the exchange is still the main exchange in the space shows something, that Binance is here to stay. The token dumped seriously and the price has not caught up with the recent pump in the market, out of all the top project in the space in terms of fundamentals BNB is still the most undervalued, they are launching new L2 soon, as we enter the bull market there will be increase in number of projects listed on Launchpool and Launchpad all these will drive the price up, this is a free 10X to me the risk to reward is very low, and I will be adding to it with time, especially if the price dumped

Shamm

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Quote from: I_RodimusPrime on February 23, 2023, 10:29:08 AM

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

In reality it's up to us if we buy this season as we all know that every one of us want to get profit in the future so in my own perspective I do believe that It's still worth it if we buy some BNB for now because BNB is one of the best coin to invest and also when I buy BNB then for sure I will hold BTC too cause once the price of BTC will rise then there's a chance that the price of BNB will rise too.

Zee27

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Quote from: QueenVera on July 21, 2023, 10:01:58 AM

Quote from: RewFrew on July 19, 2023, 01:59:32 PM

So i can advice you if you want to invest on crypto currency you can invest on bnb. I think when bull session will come then BNB price will go new ATH. And easily bnb price will hit $1000 within short time. So you can buy BNB without confusion.

Buying BNB at $250 is a good decision because when BNB gets to $1k that means you made 3x on your investment and I think $1k is the least BNB will trade during the end of the bull market. I think we can see BNB trading between $3k to $5k because of the potential of the coin and the constant burning of the circulating supply that the team is always doing quarterly.
The quarterly burns increases BNB scarcity and increase the demand of the coin by investors, also since BNB is needed to participate in launchpad tokens, people are holding BNB for that purpose and it's also reducing the circulating supply that's available for trading. And too we have investors that have staked millions of tokens when combined together.
BNB should be among the coins you'll be buying for the bull market and now is the perfect time to start accumulating them because soon they'll be worth more than it's currently trading. BNB is high value project but still have big potential since it isn't costly yet but that won't last for too long because as the bull market get closer more investors will be buying BNB

No fud but I really do not see this happening especially with Binance having issues with the SEC and having exited the the US Canadian markets. Some of their features have been halted in Australia as well and from the recent review by TokenInsight I think BGB is a more viable investment for me.

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