Should I keep my BNB or Sell it? - page 16.

DoublerHunter

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Quote from: tvplus006 on January 13, 2023, 04:59:04 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. ..

To say that the BNB coin has no future is not true, since it is the exchange coin of the largest Binance exchange and the native Binance Smart Chain token. Accordingly, this coin has more chances to survive in a bear market and continue the uptrend when a bull run occurs.

^I did not have this coin in my portfolio but my advice is, don't put a large amount of allocation on this coin in your portfolio. It should be 20% over 100% of your portfolio, I would rather give a large amount on BTC than the BNB. Though yes, BNB was pegged on Binance, and anytime soon it will collapse the same on Binance exchange or it will create a bull market in the future since there is Binance continue their service. So probably it will worth it in the future so it is unpredictable at this moment, an amount that you can afford to risk will probably be 20% of your portfolio would be the best idea.

sana54210

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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.

Scripture

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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.

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.

Maximo Spohn

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I have been keeping my BNB. I am very optimistic about BNB. If you need funds to sell BNB, you can choose to sell it at a suitable position, so that you can still get a profit. BNB also has a large number of fans in the market. I'm not worried about the future of BNB, and it doesn't look like it's going to fail any time soon. If you are worried about the future of BNB, you can choose to sell and buy Bitcoin.

Shinpako09

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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.

Sayeds56

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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.

Though I am not a financial advisor & eventually you are best to decide to hold ot sell it because its your money, but I think BNB is worth holding because it is native token of a leading exchange which is reliable & consistently launching new projects those lead to strengthening use case of BNB & increases its demand.
Crypto market is also showing signs of overall improvement since beginning of 2023 as inflation is coming down. Hopefully, BNB will stabilize above $300 in coming weeks. DYOR.

millerob

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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.

BNB will have a bright future. As the largest exchange in the world, Binance will gradually develop related businesses in various countries and accept the supervision of various countries. This is a very wise choice. So I personally feel that there is no problem with BNB.

lobo13hf

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as long as binance is still standing BNB will be one of good investment alternatives of ethereum, lets be frank here its bsc was quite good enough that many tokens choose this blockchain, it is because the fee is far lower than ethereum, I think as long as BNB still have binance and BSC this coin will be totally safe, there are also many fuds in the past regarding this coin yet you see it still exists till right now.

Hypnosis00

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I hope OP had opened his mind and never get influenced by his friend and all the FUDs.
Maybe your friend is thinking about the big issue in the past involving CZ with the FTX but this is the not reason to think that BNB has no future. Go with what you believe about BNB and be one of those believers who still hold their BNB despite the tough situation of the market.

Quote from: zaki12 on January 13, 2023, 09:17:58 AM

...
Although many mainstream media have the impression of creating a 'scared' narrative, trying their best to discredit CZ.
I still believe in Binance...

It is a part of the game and we gonna expect this in any business but I don't see it was enough to think that BNB lost its credibility and couldn't stop the popularity of this coin in the crypto market. BNB will remain potential as long as many traders and investors are still trusting the Binance exchange.

Oneandpure

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Why have confused with BNB coin holding? are you doubt with BNB reputation and they have bigger exchange around the world? I think not any reason without earn profit with BNB coin one day later. Have little launchpad event at Binance and BNB coin can't recovery to higher price, I don't think necessary have to sell BNB during price under $287 at this moment.

Better hold and keep BNB as your portfolio assets because possibility back to higher price later when market recovering, Bitcoin seems having chance back to $20,000 few days later and potential with BNB can break above $300 in few days later depending how Bitcoin keep stable price.

bitgolden

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Quote from: Abiky on January 13, 2023, 09:03:26 AM

I'd suggest you hold onto your coins until the next bull market. BNB is a prominent cryptocurrency backed by the biggest crypto exchange in the world, so I don't think it will go away that easily. The BSC underpinning the BNB cryptocurrency, is fast and extremely-cheap for day-to-day payments. It makes the perfect platform for "De-Fi".

While the competition is getting fierce each day, no other platform (except Ethereum) will be able to beat BNB because of Binance's leverage on the crypto industry. It's just that investors haven't paid much attention to BNB because of the bear market. I'm pretty sure it will hit $1k sometime in the future. As long as you don't put all of your eggs in one basket, there should be nothing to worry about. Just my thoughts Grin

Selling before bull market is a big mistake, even if you want to buy something else, like sell your bnb and get eth type of deal, that's still a mistake because they are not the same type of drop and not same type of increase in the future neither, if you go lower then there is no guarantee that it would go up. Sure you could sell your BNB and buy something that will go 10x more than BNB but that is not guaranteed and we do not know if it will crash or go up.

Hence, if you have BNB right now, it's better to keep it there and it would make a lot of profit for you as well. It's a good situation to be in, because you have a lot of BNB during bear period, and you could turn that into profit during bull period.

JunkieMiner

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I think BNB in himself about $800 is a good choice according to the current market condition, because the market condition is not fully stable yet, so you can't be in situation where you buy other altcoins and invest in all these . So, it would be a better choice to hold your $800 BNB instead of buying other coins.

len01

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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.

it all comes back to yourself whether you want to keep assets without thinking about fear or choose to save assets but every time you have to monitor and see the movements that occur and worry will always appear in your mind.
I mean if you want to keep your assets without having any burden of mind and fear, I would suggest you to store your assets in BTC. but if you want to keep assets with apprehension, you can store them in BNB.
I'm not saying BNB is bad, but for me investing in centralized coins is far more risky than holding non-centralized coins like bitcoin.
Here, of course, more people will advise you to save in BTC because they all admit that in this bearish season, storing bitcoin is the safest and you don't have to worry about monitoring prices all the time, just hold on and wait for the bulls to arrive.
but it all comes back to you if you want to have a future on the $ 800 that you hold, believe in yourself.

zaki12

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I myself have several Hold BNB, Because I personally think BNB is very rarely discussed in terms of crypto investment, more often what we talk about are tokens running on the BSC network.
Unknowingly, this is where the utility of BNB is and proves the widespread adoption of BNB, in other words, BNB has great potential for crypto investment.

Although many mainstream media have the impression of creating a 'scared' narrative, trying their best to discredit CZ.
I still believe in Binance...

Abiky

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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'd suggest you hold onto your coins until the next bull market. BNB is a prominent cryptocurrency backed by the biggest crypto exchange in the world, so I don't think it will go away that easily. The BSC underpinning the BNB cryptocurrency, is fast and extremely-cheap for day-to-day payments. It makes the perfect platform for "De-Fi".

While the competition is getting fierce each day, no other platform (except Ethereum) will be able to beat BNB because of Binance's leverage on the crypto industry. It's just that investors haven't paid much attention to BNB because of the bear market. I'm pretty sure it will hit $1k sometime in the future. As long as you don't put all of your eggs in one basket, there should be nothing to worry about. Just my thoughts Grin

Kelvinid

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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 would say that just HOLD until such time that ATH will come.
Your friend is not your true friend, they are making you a fool by thinking that BNB is a shitcoin. Just make your search rather than listen to your friend and don't let them ruin your plan.

Perhaps, BNB is performing so well despite the bear situation which means that many people supported this project.
Hold it until the next bull season to make them know that they are wrong with their assumptions.

tvplus006

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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. ..

To say that the BNB coin has no future is not true, since it is the exchange coin of the largest Binance exchange and the native Binance Smart Chain token. Accordingly, this coin has more chances to survive in a bear market and continue the uptrend when a bull run occurs.

Chainsmokers

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Quote from: yazher on January 13, 2023, 03:02:42 AM

If you have some spare money with you that can cover up your expenses, better to hold it for a while because right now the price is too low for BNB and other altcoins. Since we our in a fresh year, better to consider observing the crypto market first in the first few months before you decide. After all, you only got it from Airdrops which is really a win-win situation for you.

Yes, I think that is a good suggestion because in making a decision we must really consider it carefully first,
that is why it is necessary to observe the market first,
but it all depends on you because again the decision is in the hands of each.

hd49728

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Quote from: yazher on January 13, 2023, 03:02:42 AM

If you have some spare money with you that can cover up your expenses, better to hold it for a while because right now the price is too low for BNB and other altcoins. Since we our in a fresh year, better to consider observing the crypto market first in the first few months before you decide. After all, you only got it from Airdrops which is really a win-win situation for you.

Holding does not bring profit always. You must choose good cryptocurrency to hold like Bitcoin, Ethereum, BNB. Other altcoins, I don't know holding them is good or bad, to be honest with you. For bad altcoins, if you hold them longer, you get more loses so personally it is not good to hold altcoins generally.

With other altcoins, it is good to join their airdrops and wait for luck. I don't recommend anyone to buy new altcoins because it is so risky.

BNB and Binance are under lot of fud recent months especially after the FTX fiasco. The token still holds its price very well under fud so when fud gone away, it will fly again.

siedemtrzy

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I don't think that's a question that should be left for the randoms on the internet, even considering that BTT is a lot smarter community in general than Twitter or Reddit. I have never bought BNB myself, I don't think it's a good idea to buy a coin that is connected so much to a centralized exchange.

Topic: Should I keep my BNB or Sell it? - page 16. (Read 3171 times)