Should I keep my BNB or Sell it? - page 15.

Shobhikhan_007

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Quote from: Mr. Magkaisa on January 15, 2023, 06:32:12 AM

Quote from: Shobhikhan_007 on January 12, 2023, 09:33:50 AM

Hi, I'm new to here. So just want to ask your help or guide.

I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.

- I just want to ask you first, you mentioned that you got that amount from the NFTs that you participated in that you only got from the Airdrops in which you became a participant. What airdrops did you participate in?

Now, as for what you are asking about what you should do with its selling price, if you are a long-term investor, of course, you should use your bitcoin as an investment. But if you are worried about this decision, you can divide the 800$ into the 3 coins that you bet to invest, it's that simple so that you don't have a hard time with this matter.

There are good airdrops for those who own safepal hardware wallets.

NicNacCoin

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Quote from: Shobhikhan_007 on January 12, 2023, 09:33:50 AM

Hi, I'm new to here. So just want to ask your help or guide.

I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.

You can safely hold on to your BNB. Because BNB is a very good coin for me to invest in. I have been investing in BNB for a long time. When I invested in bnb I bought my bnb for only $55. Then I hold for a long time. I didn't even sell when BNB reached 689 to hold for a while. I was waiting for 1000 dollars. Since then the market has started to decline. I still have 14.5 BNB which I am holding. Here I am not worried about investing in BNB. To me BNB assignment is the best over all other coins which is why I have invested in BNB. But you can keep investing in BNB because BNB is the best coin to invest.

Abiky

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Quote from: Shinpako09 on January 13, 2023, 11:18:30 PM

You can keep your BNB but I'm not optimistic about your friend if you can keep him. Seriously, Binance is standing tall at the top and don't even think it will collapse just like that. That is more than enough for you not to worry about such a thing.

You should have asked your friend why he thinks BNB doesn't have a future. For sure he is just giving a wild guess.

BNB is a good coin, but I wouldn't suggest you go all in, especially when it's tied to a crypto exchange. If Binance collapses like Mt. Gox or FTX, you could lose it all in an instant. They often claim BNB is decentralized, but most of the nodes are still under Binance's control. For BNB to become truly decentralized, Binance needs to cede control of the network's nodes.

You're going to have to decide for yourself whenever it's worth the risk holding BNB long-term, or choose a safer alternative that puts decentralization/censorship-resistance above all else. I'd say both Cardano (ADA) and Ethereum (ETH) are much better alternatives to BNB. Right now we're in a bear market, so we can't expect BNB to reach a new ATH anytime soon. Maybe it will go to $1k during the next bull market? Just my opinion

KennyR

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Quote from: sunsilk on January 15, 2023, 03:27:41 PM

Quote from: Shobhikhan_007 on January 12, 2023, 09:33:50 AM

Hi, I'm new to here. So just want to ask your help or guide.

I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.

Sell the BNB and you do half/half.

Half for stable coin and half for buying bitcoin now. The purpose of having half is like being prepared if ever the price of bitcoin goes down again so you've got an immediate money to buy.

But if not, then at least you're able to buy at its current price regardless of what will be the price in the future. Whether we like it or not, investing in bitcoin is like the safe haven of the market when most projects are we're uncertain about.

The growth with bitcoin have got good percentage against BNB, but the year is predicted to have a bull run for altcoins. I'm not sure of the reality. If that is to happen, then it is good to have BNB. Among the list of altcoins, BNB is one of the potential altcoins that is predicted to grow good and reach new ath. However market manipulation too is found with BNB for which bitcoin can be considered as the safe haven in all situation.

sunsilk

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Quote from: Shobhikhan_007 on January 12, 2023, 09:33:50 AM

Hi, I'm new to here. So just want to ask your help or guide.

I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.

Sell the BNB and you do half/half.

Half for stable coin and half for buying bitcoin now. The purpose of having half is like being prepared if ever the price of bitcoin goes down again so you've got an immediate money to buy.

But if not, then at least you're able to buy at its current price regardless of what will be the price in the future. Whether we like it or not, investing in bitcoin is like the safe haven of the market when most projects are we're uncertain about.

borovichok

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Quote from: CapGelatik on January 15, 2023, 12:59:25 PM

your friends I'm sure you'll regret saying that BNB has no future, and you better not leave BNB at this time especially since the price of BNB is really very cheap,
look at the job Binance CZ's CEO is doing, yes he's really putting his energy into proving that Binance really has a high level of credibility when its competitors have had a bad year,
yes HOLD BNB was a very good decision.

Holding the good projects brings in gold profits but holding projects that don't have promising future will only bring loss. Holding BNB because it have a promising future, similar to Bitcoin and Ethereum. BNB is the native coin of binance and Changpeng Zhao who is the CEO putting in everything inother to improve his exchange and projects. He have one of the good pairing teams and they're working entirely inother to achieve their goal. BNB will increase in value and market cap, just a matter of time but holding with extremely high patience will triggered profits at the end.

Silberman

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Quote from: Cling18 on January 15, 2023, 10:33:46 AM

Quote from: GreatArkansas on January 15, 2023, 06:05:47 AM

It's up to you. But for me, during these times, I am more into Bitcoin, I rather hold Bitcoin than altcoins. You can convert it to Bitcoin if you want.
Take note also that as long as Binance Exchange is here, BNB will be on top. Binance Exchange is the top 1 exchange right now plus their Binance Smart Chain (BSC) which already got high TVL after Ethereum.

The decision will depend on our target profit. You should set a target goal when it comes to profit. As for me, BNB is still a good option when investing in altcoins. BTC is a top choice but we can also invest in potential top coins because they can also be profitable when the market reaches a good situation. We all know how BNB could reach a promising value over time.

During the last months the FUD exchanges had to suffer was immense, and there was no exchange that had to endure this the most than binance, and in a way this was to be expected as the collapse of FTX was that traumatic for the market participants, however for as long as binance can remain solvent then the BNB token should be a good investment, still it is important to be alert and be ready to take a loss if it seems binance is in trouble.

CapGelatik

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Quote from: Shobhikhan_007 on January 12, 2023, 09:33:50 AM

Hi, I'm new to here. So just want to ask your help or guide.

I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.

your friends I'm sure you'll regret saying that BNB has no future, and you better not leave BNB at this time especially since the price of BNB is really very cheap,
look at the job Binance CZ's CEO is doing, yes he's really putting his energy into proving that Binance really has a high level of credibility when its competitors have had a bad year,
yes HOLD BNB was a very good decision.

Cling18

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Quote from: GreatArkansas on January 15, 2023, 06:05:47 AM

Quote from: Shobhikhan_007 on January 12, 2023, 09:33:50 AM

(....)
I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.

It's up to you. But for me, during these times, I am more into Bitcoin, I rather hold Bitcoin than altcoins. You can convert it to Bitcoin if you want.
Take note also that as long as Binance Exchange is here, BNB will be on top. Binance Exchange is the top 1 exchange right now plus their Binance Smart Chain (BSC) which already got high TVL after Ethereum.

The decision will depend on our target profit. You should set a target goal when it comes to profit. As for me, BNB is still a good option when investing in altcoins. BTC is a top choice but we can also invest in potential top coins because they can also be profitable when the market reaches a good situation. We all know how BNB could reach a promising value over time.

Mr. Magkaisa

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Quote from: Shobhikhan_007 on January 12, 2023, 09:33:50 AM

Hi, I'm new to here. So just want to ask your help or guide.

I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.

- I just want to ask you first, you mentioned that you got that amount from the NFTs that you participated in that you only got from the Airdrops in which you became a participant. What airdrops did you participate in?

Now, as for what you are asking about what you should do with its selling price, if you are a long-term investor, of course, you should use your bitcoin as an investment. But if you are worried about this decision, you can divide the 800$ into the 3 coins that you bet to invest, it's that simple so that you don't have a hard time with this matter.

GreatArkansas

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Quote from: Shobhikhan_007 on January 12, 2023, 09:33:50 AM

(....)
I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.

It's up to you. But for me, during these times, I am more into Bitcoin, I rather hold Bitcoin than altcoins. You can convert it to Bitcoin if you want.
Take note also that as long as Binance Exchange is here, BNB will be on top. Binance Exchange is top 1 exchange right now plus their Binance Smart Chain (BSC) which already got high TVL after Ethereum.

BobK71

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Quote from: Shobhikhan_007 on January 12, 2023, 09:33:50 AM

I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.

If a seller is in profit of his assets then he can sell it or whenever he wants. But it is quite different for holders who want to be bullish with BNB. In December 2020, when BNB was trading at just $30, it turned bullish again within few days. We saw that it peaked in 2021 when the price of each coin was around $686. BNB is now at $296 due to the current market being bearish again. If the market is bullish in the future, it can stay at approximately $1500-$2500. So I think holding BNB is appropriate with the time.

Bitstar_coin

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Before luna and ftx crash I would tell you to hold onto your bnb but after those unfortunate events has taken place it is very clear to me that no project in the crypto space can be trusted other than btc, the reason why is- btc is totally out of the control of anyone, the fear of it crashing as a result of the greed of the ceo is not possible.

I can understand why your friend should advice you to sell, bnb is centralized and guarantee that what happened to the two aforementioned won't happened with it is absent. For your peace of mind, I will advice you to sell but if you are willing to take the risk, you can hold your bnb.

Oneandpure

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Last day, BNB success breakout until $300 and seems has potential make new higher price, don't worry for keep holding BNB as your portfolio assets because have great potential recovering back above $400 until $600 in few months later. Bitcoin success wake up last day and BNB have bigger impact keep going on until $300.

During not problem face by Binance as the exchange market with bad news or investigating by SEC, I think have potential for Binance become worth for long term holding. Become long term holding you can forget with your portfolio assets and open back later two until three years if you want to be long term holding.

KnightElite

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Ask yourself first if you are going to do long term investment or short-term investment and also what is your plan? If you are going to make long term investment then my suggestion that you should keep your BNB. If you checked the latest market price, you can see that the price of BNB also did some rally so for sure that it already made you a profit if you got that BNB from long time ago. But if you are a short-term investor then it is better to sell it and buy again after the price of the BNB retrace. Its price already bounces in the current resistance and there is a high possibility that it will retrace in these following days.

Chainsmokers

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Quote from: romero121 on January 14, 2023, 05:35:27 PM

Quote from: Yamifoud on January 14, 2023, 04:55:05 PM

Quote from: sana54210 on January 14, 2023, 04:22:01 PM

Quote from: Scripture on January 14, 2023, 02:02:53 AM

Have you checked your BNB right now? I hope you didn't sell yet after two days because right now the price of BNB is better.

BNB is one of the top altcoins, even if there's a fud I still see its future on a good side and with that I'm also planning to increase my holdings even on its current price because this is not a bull run yet and we might see a better price in the next few months.

Don't sold if you don't need the money, there's no better NFTs compare to BNB, I'll still choose it over the other project.

This is the point, if you are worried about the prices and all that, and suddenly the price changes in a much better way, you would regret it. This is why I am a long term investor because having time on my side would mean that I get to do whatever I want to do and not really have to worry about anything at all.

Too many people are worried about the situation we are in and that's a bad thing because we shouldn't really worry about a bear market, we should be hyped about it. You get to buy cheap, and in days like this you get to make a profit and in the end it's going to be even higher when the time comes. This is why it's such an important thing.

I've found out that the more we check on the market price and our portfolio, the more it affects our mindset and even influences our decisions which commonly results in worries. That is why I become seldom check during the bear season and it is because I was confident that I'm investing the right coins. In fact, BNB is still in the top 5 coins in the market which mean that even if the market will drop more, the chance is high to recover as well. Holding them until the bull season comes is not regretting but surely a big reward awaits us.

The market have experienced big recovery. None is sure, whether it is the beginning of the bill run or it is just the bull trap. However the price increase have happened good with the altcoins along with bitcoin. Holding BNB seems to be the right choice. Myself too missed selling all my BNB few months back. If I'm not wrong BNB is one of the coin that is being much manipulated, so watching the market is a must to make the right move.

It's true that we can easily see that when the price of Bitcoin slowly rises, it is also followed by the prices of other altcoins which are also rising, such as Ethereum and BNB,
I think we have to stay abreast of developments because we don't know if the recovery will be long or short.

Shobhikhan_007

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Quote from: Silberman on January 12, 2023, 01:29:58 PM

Quote from: Shobhikhan_007 on January 12, 2023, 09:33:50 AM

Hi, I'm new to here. So just want to ask your help or guide.

I have currently 800$ worth BNB. These are got from NFT that I sold back months ago that I got from airdrop. So what i need to know should I convert it to stable coin or should I invest it for bitcoin? Because my friends say that BNB don't have a future anymore. So I'm fully worry about this.

Is that your whole capital? If it is then I would probably convert at least half of it to bitcoin and then keep the rest on BNB, just as a safety measure in case something happened to the binance exchange, however if that is only part of the whole value of your portfolio then I will say that keeping the BNB is not bad idea, I know there has been a lot of FUD recently against exchanges and binance in particular, but BNB seems like a good coin to keep for the short term.

Not whole capital, I have some in BTC,IOTA,CHZ, RNDR, ZIL, these are all investment that I made in previous bull market. They all now worth 20-30$. But there are lot of alts I have own from airdrops and binance event. There are another 2500$+ BUSD that I got from airdrops from my past 6 months.

Shobhikhan_007

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I sold my all BNB when it's around 302$. Brought at 265-270$ ranage. Because as I can see bear market is still not started and I'm waiting to buy again BNB from 180-220$ ranage. Because as many of replay here untill binance exist BNB will survive.

romero121

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Quote from: Yamifoud on January 14, 2023, 04:55:05 PM

Quote from: sana54210 on January 14, 2023, 04:22:01 PM

Quote from: Scripture on January 14, 2023, 02:02:53 AM

Have you checked your BNB right now? I hope you didn't sell yet after two days because right now the price of BNB is better.

BNB is one of the top altcoins, even if there's a fud I still see its future on a good side and with that I'm also planning to increase my holdings even on its current price because this is not a bull run yet and we might see a better price in the next few months.

Don't sold if you don't need the money, there's no better NFTs compare to BNB, I'll still choose it over the other project.

This is the point, if you are worried about the prices and all that, and suddenly the price changes in a much better way, you would regret it. This is why I am a long term investor because having time on my side would mean that I get to do whatever I want to do and not really have to worry about anything at all.

Too many people are worried about the situation we are in and that's a bad thing because we shouldn't really worry about a bear market, we should be hyped about it. You get to buy cheap, and in days like this you get to make a profit and in the end it's going to be even higher when the time comes. This is why it's such an important thing.

I've found out that the more we check on the market price and our portfolio, the more it affects our mindset and even influences our decisions which commonly results in worries. That is why I become seldom check during the bear season and it is because I was confident that I'm investing the right coins. In fact, BNB is still in the top 5 coins in the market which mean that even if the market will drop more, the chance is high to recover as well. Holding them until the bull season comes is not regretting but surely a big reward awaits us.

The market have experienced big recovery. None is sure, whether it is the beginning of the bill run or it is just the bull trap. However the price increase have happened good with the altcoins along with bitcoin. Holding BNB seems to be the right choice. Myself too missed selling all my BNB few months back. If I'm not wrong BNB is one of the coin that is being much manipulated, so watching the market is a must to make the right move.

Yamifoud

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Quote from: sana54210 on January 14, 2023, 04:22:01 PM

Quote from: Scripture on January 14, 2023, 02:02:53 AM

Have you checked your BNB right now? I hope you didn't sell yet after two days because right now the price of BNB is better.

BNB is one of the top altcoins, even if there's a fud I still see its future on a good side and with that I'm also planning to increase my holdings even on its current price because this is not a bull run yet and we might see a better price in the next few months.

Don't sold if you don't need the money, there's no better NFTs compare to BNB, I'll still choose it over the other project.

This is the point, if you are worried about the prices and all that, and suddenly the price changes in a much better way, you would regret it. This is why I am a long term investor because having time on my side would mean that I get to do whatever I want to do and not really have to worry about anything at all.

Too many people are worried about the situation we are in and that's a bad thing because we shouldn't really worry about a bear market, we should be hyped about it. You get to buy cheap, and in days like this you get to make a profit and in the end it's going to be even higher when the time comes. This is why it's such an important thing.

I've found out that the more we check on the market price and our portfolio, the more it affects our mindset and even influences our decisions which commonly results in worries. That is why I become seldom check during the bear season and it is because I was confident that I'm investing the right coins. In fact, BNB is still in the top 5 coins in the market which mean that even if the market will drop more, the chance is high to recover as well. Holding them until the bull season comes is not regretting but surely a big reward awaits us.

Topic: Should I keep my BNB or Sell it? - page 15. (Read 3134 times)