Should I keep my BNB or Sell it? - page 17.

serjent05

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Quote from: Shobhikhan_007 on January 12, 2023, 10:33:50 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 could have asked your friend his reasons why he thinks BNB has no future. Following blindly because it is from a friend is devastating, you should always verify it and ask for the reason why he thought that BNB has no future.

BNB is getting stronger as far as I know. Even with Binance being on the hot seat, I believe Binance will survive this struggle and will come up strong. BNB is already a established cryptocurrency and I do not think it is bad to exchange it for Bitcoin but I remind you, BNB can give you way more profit than Bitcoin can give because of the market price. Bitcoin can multiply 3 to 5 time at least on the next ATH but I think BNB has more potential of increasing the price than that.

ultrloa

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Quote from: Shobhikhan_007 on January 12, 2023, 10:33:50 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.

Don't base your trade on opinion of other people because they give you different opinion and sometimes it doesn't give accurate answers. Just base depends on your need since if you need a money that's why you thinking about selling it then do it, you can still buy next time. If you are worried about the future of it much better also to sell since the stress you can get is not worthy as I see maybe you are a newbie trader maybe best thing to do is to sell and observe first how market works.

lobo13hf

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sounds like you're gonna be fine at every of your choices, BNB is indeed good quality coins and I think your friend is wrong, but if you think the market wouldn't go up anytime soon converting it in stable coin might be good idea for you and then you could start invest when the market seemed any better even though there's bigger chance that at that time you're gonna be already too late, assuming that you wanna make investment in coins like eth and bnb which usually have their bullish moment first than every other coin out there.

Yatsan

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Well, BNB is a good coin so if you choose to hold it, that's just fine. Converting it to stable coin would be a better idea if you want to avoid risks of losing but don't expect it to be as profitable as volatile ones. Lastly, converting it to Bitcoin would be fine as well but don't expect its market price to increase in an instant. Bitcoin is a major coin and it requires huge change in demand to make an increase wit its value or a bullish trend in this market. BNB's market prices moves a lot as well just like BTC so eitherways would be a good coin to hold. It will now be depending on your preference since we gave you the possible outcomes on your mentioned scenarios.

Psynthax

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BNB still have future but of course it requires long term holding since it really following BTC in term of trends, i'm sure BNB is the coin that's gonna also recovers once the bullruns takes places, but of course there's nothing wrong if you gonna converting it to BTC it's the same. so whether you are converting it to BTC or just keep holding BNB it's up to your own decision.

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Quote from: Shobhikhan_007 on January 12, 2023, 10:33:50 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.

If you sell your BNB now you get more profit than when you first owned it?
If not, then wouldn't it be better to stock up and hold on at least until this bearish ends and BNB prices go higher?
Or are you currently in a hurry and want fiat money? If so, then sell it because maybe you have no other choice. But if there's nothing urgent, I think holding might be better. Or maybe you want to convert 50% to Bitcoin which is indeed the most worthy and promising crypto for long-term investment?
Again, the decision is yours, but don't ever make a decision in a position of panic and fear.

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Quote from: rhomelmabini on January 12, 2023, 05:18:21 PM

Quote from: Shobhikhan_007 on January 12, 2023, 10:33:50 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.

No, you need to sell your friend first. Your friend is just the same as you that doesn't have enough knowledge on when to sell. Binance has future in this space and just recently they just granted registration in Swedish Financial Supervisory Authority and they're also acknowledged by other fifteen jurisdictions worldwide. Persuade me if they don't have a future.

Funny suggestion but a real one, your friend is just trying to create panic over you and that friend can’t be trusted when it comes to crypto investment. BNB is always a good choice, they already proven their worth and right now they remain the top exchange where you can transact crypto, that’s a good trust level that other exchanges can’t ever have. BNB is one of my holdings, the future is still bright and clear for BNB so take the risk.

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Quote from: Hildentine on January 12, 2023, 03:34:05 PM

I think BNB is a very strong project in the future it will be rise again and the easily reach there past price and the other main thing is that it is a binance coin and binance support bnb so and the huge amount of people use this because bnb Transection fee is so low compared to other so our believe is that it is very good project.

This is the good thing about coins with utility because there will always be a reason for the people to purchase it as it can help them with their other activities not like to those coins without a single utility where they only driven by a hype but once it fades out, people won't have a reason to buy it anymore unless if they are a literal coin collector.

There are also other crypto exchanges that have their own coin and surprisingly it's features are the same with binance where hodlers of those coins can also save fee when using the platform. I am not saying they are bad but im actually thinking that maybe, they are also good as addition to our BNB.

rhomelmabini

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Quote from: Shobhikhan_007 on January 12, 2023, 10:33:50 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.

No, you need to sell your friend first. Your friend is just the same as you that doesn't have enough knowledge on when to sell. Binance has future in this space and just recently they just granted registration in Swedish Financial Supervisory Authority and they're also acknowledged by other fifteen jurisdictions worldwide. Persuade me if they don't have a future.

goaldigger

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The question is, can you afford to hold BNB and take the risk for long term holding?
I’m still bullish with BNB though and I believe there will be a good price trend for BNB in the future so better to assess if you can still hold and wait for that moment. Don’t believe on any FUD against BNB easily because that could be a propaganda to ruin the reputation of BNB which I believe its competitor will stand no chance to ruin it, the FUD is over now.

crzy

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Quote from: Shobhikhan_007 on January 12, 2023, 10:33:50 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.

This is FUD and that’s a good amount of BNB that I can afford to take risk and if I were you i’ll keep on holding that until the next bull run. BNB is one of the good coin to hold and still the leading CEX, don’t listen to any FUD and just focus on the technology of BNB, you wont regret it by holding BNB just take the risk, and have confidence with BNB, there’s still a bright future for this.

nakamura12

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It's not that BNB doesn't have future anymore. I think it still has but the thing that people worry is that the founder of binance in my opinion is kind of lying to people that Binance is decentralized as I too also think the same and it changed when something happen to Binance. You won't get anything if you bought stable coin but the advantage is that the value of what you have is not in risk when BNB or other crypto decreased in price then the disadvantage is you'll miss the chance for opportunities.

$crypto$

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Actually, their potential coin BNB continues to be in the capitalist circle, but if you change it to a stablecoin, then you won't get anything for a stablecoin, it will be based on fiat, which is far from going up, this coin will remain stable, neither going up nor going down.

But if you are thinking of selling BNB and then investing in bitcoin, then that's a good step, even from other suggestions, I prefer you to bitcoin than BNB, it's just that it's for long-term investment, maybe wait 2-3 years, you will feel the benefits.

Hildentine

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I think BNB is a very strong project in the future it will be rise again and the easily reach there past price and the other main thing is that it is a binance coin and binance support bnb so and the huge amount of people use this because bnb Transection fee is so low compared to other so our believe is that it is very good project.

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Quote from: klidex on January 12, 2023, 03:04:32 PM

Quote from: Shobhikhan_007 on January 12, 2023, 10:33:50 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.

Indirectly the BNB assets that you have are the result of airdrops where you get them for free.
Even though it is obtained for free, the amount of $ 800 is quite a number and not small.
If indeed you are not sure about BNB and are going to sell it to be reinvested then my advice is better to invest in Bitcoin which has a clear future than buying a stable coin.
Indeed, in a stable coin it will be safer and it is very unlikely to suffer losses but it is also less likely to be able to get a profit.
I think this suggestion you can consider first.

Basically, he already made money because he got it as an airdrop. Nothing to fear IMO, I would certainly try my trading skill if this is mine. Buy BTC with it and trade on BTC/USD.

Since the market is becoming bullish, it will be good to keep it a little longer to make a profit. BNB is still a good token for the long term. BNB has use cases like transaction fees in the network or fees in Binance which means this token has demand. It's up to OP to keep it or sell it.

klidex

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Quote from: Shobhikhan_007 on January 12, 2023, 10:33:50 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.

Indirectly the BNB assets that you have are the result of airdrops where you get them for free.
Even though it is obtained for free, the amount of $ 800 is quite a number and not small.
If indeed you are not sure about BNB and are going to sell it to be reinvested then my advice is better to invest in Bitcoin which has a clear future than buying a stable coin.
Indeed, in a stable coin it will be safer and it is very unlikely to suffer losses but it is also less likely to be able to get a profit.
I think this suggestion you can consider first.

Jackl87

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Quote from: Shobhikhan_007 on January 12, 2023, 10:33:50 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 am definitely not a Binance shill because i don't own any BNB myself and i am also pretty critical regarding Binance in general because they are just becoming to big with the buying of coinmarketcap and other things and in my opinion it is never a good thing if one company is becoming to pick within a certain space of an industry.
Even i have to say though that i think that the statement "binance has no future anymore" is a pretty stupid one. Yes at the moment it seems like that centralized exchanges have took a pretty big hit with all the stuff that happened to FTX, but if Binance has no future anymore, then we would experience a bear market that would be 10x harder than the one we are in right now.

uneng

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Cryptos related to exchanges aren't having a good time these days, because the confidence of investors in such platforms is pretty low, probably like never seen before in crypto history. We can't really say if BNB doesn't have a future anymore, because Binance is still the most powerful exchange in the world and it can be just a temporary lack of trust from investors, being possible to be reverted futurely.

But just as a guarantee, I would totally swap those BNB into Bitcoin right now and keep it stored safely. That is the best alternative, I suppose, since stablecoins are also considered a risky deal, as they are managed by centralized companies which aren't trusted by investors as well, and have similar modus operandi of crypto exchanges.

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It depends if you believe that Binance is 100% solvent & will never have issues like FTX, Celsius, 3AC. Do you trust CZ? BNB obviously relies heavily on the future & longevity of Binance. If you fully trust that Binance & CZ are honest & fully solvent then sure, BNB is fine to stay invested in.

Make your own decisions though, don’t just go off what people on here say. You are responsible for your own investment strategy & success.

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Quote from: Shobhikhan_007 on January 12, 2023, 10:33:50 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.

Topic: Should I keep my BNB or Sell it? - page 17. (Read 2822 times)