Should I keep my BNB or Sell it? - page 4.

Bitcoinpoly

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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.

Actually Platforms tokens can never go out of existence unless the exchange collapse, though at the same time you can choose to why your choice among other platforms exchanges to know the best performing one, as of this year 2023 $BGB of Bitget exchange happens to outshine all other platforms token, the platform token of OKX equally did great like wise $BNB. If actually you want to go by their performance and future value $BGB will be a good token to invest on.

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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.

While 800 dollars seems big amount for you , but if you are trusting this coin then why not keep it for another year at least 2024-25.
but if you think that this money is for you to keep safer then best to convert in USDT and let it sits for another investment position.
though for me personally? I will convert it now for Bitcoin for further investments.

Sebas.tian

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Quote from: raidarksword

Why would you sell bnb that is backed up by binance and has lots of utilities already? Never sell it of course and continue to hold until the right time comes which is the bull market seasons. Don't listen to your friend maybe he is just delusional.

If you know that you have other means to sustain yourself in this bearish season to allow you to continue holding, you can do it because there is a bright future ahead of binance, and you will not regret because the coin is among the potential coins in the crypto market. I believe, the bullish market is very close for those that is finding it difficult to solve their financial challenges to use the opportunity to visit the market to release their coins they have been holding for long to make a suitable income. Those that always listen to their friends in the community, always missed their opportunity at the end of their waiting for breakthrough to the bullish season because they lack personal research in their holding.

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Quote from: kotajikikox on October 10, 2023, 05:36:12 AM

You have been holding for almost a year, cannot you decide what to do? sell it now or maintain the holding while there is something coming sooner.

Well. Those that cannot wait on what's about to come to BNB should take their moments thinking what's the best thing to do.

It's either hold or buy more for them so that they can see that there's gonna be a lot of room for it to move because the bull run is yet to come.

And if he's going to sell, I just hope that he won't regret that move later on when he's looking to the market and how it looks like.

Ahli38

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Quote from: Romeotom on August 09, 2023, 01:22:01 PM

In fact, it is pointless to criticize selling because it is completely your personal crypto life because after you buy a coin, you should decide to sell it only when you get a profit from your investment. So you can otherwise hold on to the coming bull market but in my opinion should sell and reinvest fresh.

Well, because this is about Altcoins, holding them in the long term will actually be riskier. So selling when you have made a profit is much better. I personally do that too. I even sold the BNB that I had when the price was above $300. and Now I'm in accumulation mode again since the price was $230. I am targeting purchases until BNB declines to the $186 price level which may be reached if the market suddenly turns red.

Accumulate when the market is red and start selling when the market is green. I think this is a common thing that everyone knows. But saving it until the bull market really comes is also not a problem if we only buy with money that is ready to lose. Because all decisions and responsibilities are in the hands of each of us. So. DYOR.

kotajikikox

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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 have been holding for almost a year, cannot you decide what to do? sell it now or maintain the holding while there is something coming sooner.

forexandcryptoauditor

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Not sure if you are still holding it or not. If you have not sold it yet, holding it is the best option now. BNB has a very bright future and there is a long way to go. I believe BSC is the second choice for many of the projects (most of them have first) for dApps for selection of blockchain network. When ETH had gas fee issues, most of the coins switched their network to BSC which benefitted BNB. Also, the top benefit of BNB is having Binance exchange and its huge community, so the appraisal is never-ending.

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Quote from: Dr.Osh on October 09, 2023, 03:56:47 AM

Quote from: bittick on October 03, 2023, 05:36:11 PM

BNB have future as long as binance still exists, but its indeed better to invest in bitcoin because bitcoin known to grow from year to year.
the only thing that will hold you from investing in bitcoin is probably the fact that $800 is not significant amount to invest, more likely have little profit even if bitcoin rise 20%.

Yes, but if someone continues to add BNB to their portfolio, it's best to continue and add Bitcoin to their portfolio. However, BNB is still an altcoin with great potential today. If a bull market occurs, I am quite sure that one of the altcoins that will rise highly is BNB. However, if you are still not sure about that, then converting all the BNB you have into bitcoin is also no problem. However, personally, I would probably still hold it.

It will be better if someone can add BNB and Bitcoin together in their portfolio. That will be good for him as when the Bitcoin price rises, he can make a profit by selling his Bitcoin. Meanwhile, when the altcoin season comes, he can sell his BNB, giving him more profit.

Converting all the BNB to Bitcoin now is not recommended as the BNB price has not reached the new high price. So he should wait until the altcoin season comes first and increase BNB prices to sell his BNB.

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Quote from: Zee27 on October 05, 2023, 02:39:42 PM

When I started investing in exchange tokens, I bought Biance BNB and Bitget's BGB. Comparing both tokens now, BGB performed way better. A review by TokenInsight shows this. Secondly, following the recent regulatory issues and their exit from some regions, I personally can't say how it'll perform. I sold a portion of my BNB holdings.

maybe it has to do with the fact that BNB has risen a lot from first they introduced their Binance Smart Chain back then when NFT trend was still a thing and there are tons and tons of project that utilizes the fast transaction per second in which binance smart chain excels at like those blockchain gaming project and the likes.
after reaching their all time high they always went down hill, there might be reasons for it but I guess they are already valued too high enough that people already thinking that its overvalued.
therefore BNB isn't performing as good as the other I guess but thats just my 2 cents in regard of why BNB nowadays aren't performing as expected.

Dr.Osh

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Quote from: bittick on October 03, 2023, 05:36:11 PM

BNB have future as long as binance still exists, but its indeed better to invest in bitcoin because bitcoin known to grow from year to year.
the only thing that will hold you from investing in bitcoin is probably the fact that $800 is not significant amount to invest, more likely have little profit even if bitcoin rise 20%.

Yes, but if someone continues to add BNB to their portfolio, it's best to continue and add Bitcoin to their portfolio. However, BNB is still an altcoin with great potential today. If a bull market occurs, I am quite sure that one of the altcoins that will rise highly is BNB. However, if you are still not sure about that, then converting all the BNB you have into bitcoin is also no problem. However, personally, I would probably still hold it.

Zee27

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When I started investing in exchange tokens, I bought Biance BNB and Bitget's BGB. Comparing both tokens now, BGB performed way better. A review by TokenInsight shows this. Secondly, following the recent regulatory issues and their exit from some regions, I personally can't say how it'll perform. I sold a portion of my BNB holdings.

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Quote from: bittick on October 03, 2023, 05:36:11 PM

BNB have future as long as binance still exists, but its indeed better to invest in bitcoin because bitcoin known to grow from year to year.
the only thing that will hold you from investing in bitcoin is probably the fact that $800 is not significant amount to invest, more likely have little profit even if bitcoin rise 20%.

Holding BNB is a huge risk, especially when Binance is too tied to it. Centralization = short life span for the cryptocurrency in question. I'd choose ETH over BNB anytime due to the way it was designed. It may have turned centralized, but it's not as bad as BNB. I'd be surprised if BNB lasts 1-2 decades from now with tightening regulatory pressure in the industry.

If Binance wants to make BNB decentralized, it's going to need to change the name of the coin/Blockchain (rebranding), as well as, expand the number of nodes that can support the network. But that would be a dream considering that Binance is going to miss a huge opportunity for profit. At least, we have plenty of options to choose from. As long as there's one coin that's decentralized, nothing else matters. Just my thoughts Grin

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BNB have future as long as binance still exists, but its indeed better to invest in bitcoin because bitcoin known to grow from year to year.
the only thing that will hold you from investing in bitcoin is probably the fact that $800 is not significant amount to invest, more likely have little profit even if bitcoin rise 20%.

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Quote from: kevindjunaidi on October 03, 2023, 05:38:38 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.

don't trust your friends, because in my opinion BNB is very good for investment, so you better keep holding BNB that you have, because the price of BNB will surely reach ATH again or even create a new ATH price, so you have nothing to lose by holding BNB in the long term, because you will definitely get a lot of profit from investing in BNB.

Dont trust his friends nor neither trusting you because there's no guarantees about reaching new ATHs or totally just saying about a projects future. Cheesy

This is why it would really be just that ideal that you should really know on when to take profits and when invest specially on BnB which we know that it would be always correlating with Binance
reputation and its popularity would really be attaching into it. On the time that Binance reputation is really on question then it would really be just that so normal that it would really be always
reflecting out into its value.

Buying and Selling or holding it would really be entirely be depending on someones decision basing up with those factor and considerations. Dont make out any assurances
about success or making profits because market is really that truly unpredictable and there's no way that we could really be able to tell on what things that could happen
next and this is why it would really be that ideal on taking up such step on which you do seem to be right.

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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.

don't trust your friends, because in my opinion BNB is very good for investment, so you better keep holding BNB that you have, because the price of BNB will surely reach ATH again or even create a new ATH price, so you have nothing to lose by holding BNB in the long term, because you will definitely get a lot of profit from investing in BNB.

raidarksword

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Why would you sell bnb that is backed up by binance and has lots of utilities already? Never sell it of course and continue to hold until the right time comes which is the bull market seasons. Don't listen to your friend maybe he is just delusional.

bitterguy28

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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.

are your friends a good analyst ? because how they can just say to you that one of the ranking coins and most used exchange now
(their coin) will have no future at all.
I think they are exaggerating and not knowing what they are saying.
but if you feel not secure then better
to convert all of the amount in Bitcoin so you'll be in better positioning , but since you asked this 7 months ago, wondering what have you decided
and what is your next plans?
any update will bring us light and will tell you if there is a need
to close this thread to prevent more spams if you have already made your choice .

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Quote from: Bobrox on August 09, 2023, 11:02:03 AM

Current from last month, BNB price drop drastically from $330 and right now stuck around $244, have been 30% of BNB coin price drop after SEC investigating with Binance exchange and get directly impact until one month difficult for BNB back to higher price. Comparison with Bitcoin or ethereum its trues worth and fast profitable for investing than BNB, but BNB give many offer for staking and earn coins trough Binance launchpool and launchpad. I spent my trading with Bitcoin, Ethereum and BNB although for last coins is not fast profitable than Bitcoin and Ethereum, optimistic with many kinds of Launchpad and launchpool from Binance exchange get impact at the future BNB back above $300 and have chance for earning much profit by holding BNB coins right now.

If you only target to take profits when the price returns to $300, I think it is very easy to achieve. It is not only BNB price that seems a bit difficult to increase, most of crypto coins prices are experiencing the same thing. I know that there is an impact of Binance problem with SEC, but the price of BNB looks stuck on $240-$245 because BTC price looks like in the sideway phase. Most of crypto coins follow BTC price trend, including BNB price as well. Although BNB problem with SEC isn't over yet, I'm sure BNB isn't impossible to create its new ATH when it is in the bullrun season. Also, I trust Binance that they will fix their problem with SEC as soon as possible.

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In fact, it is pointless to criticize selling because it is completely your personal crypto life because after you buy a coin, you should decide to sell it only when you get a profit from your investment. So you can otherwise hold on to the coming bull market but in my opinion should sell and reinvest fresh.

Bobrox

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Quote from: Rupok on August 09, 2023, 05:41:38 AM

BNB has dropped in price a lot in recent months so now BNB investment can get good returns. So you can invest BNB and hold some. BNB still ranks after ETH and is one of the best altcoins in the market. Bitcoin investment from BNB will definitely be good but Better to hold BNB than Bitcoin if you have less money. There is no profit in investing in stablecoins, so convert your money to BNB instead of converting it to stablecoins. Bnb is the safest among the altcoins, also invest in bitcoins if you don't feel safe. If you are still unsure about the future of bnb then come back to bitcoin.

Current from last month, BNB price drop drastically from $330 and right now stuck around $244, have been 30% of BNB coin price drop after SEC investigating with Binance exchange and get directly impact until one month difficult for BNB back to higher price. Comparison with Bitcoin or ethereum its trues worth and fast profitable for investing than BNB, but BNB give many offer for staking and earn coins trough Binance launchpool and launchpad. I spent my trading with Bitcoin, Ethereum and BNB although for last coins is not fast profitable than Bitcoin and Ethereum, optimistic with many kinds of Launchpad and launchpool from Binance exchange get impact at the future BNB back above $300 and have chance for earning much profit by holding BNB coins right now.

Topic: Should I keep my BNB or Sell it? - page 4. (Read 3171 times)