Should I keep my BNB or Sell it? - page 5.

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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.

Although I don't think bnb is so bad that there is no future of it. BNB is the one of the best reliable altcoin in the market of Cryptocurrencies. But risks are everywhere, in which case I'd say your friend didn't say anything bad but If you want a worry free secure investment then as per your friend's suggestion I would also suggest investing in Bitcoin. Because all other coins have to stress about security but Bitcoin doesn't. So I am also suggesting to you invest your fund on bitcoin for long-term to get a good amount of profit.

nicolas222

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Despite the ups and downs of the last time i personally would wait for it to reach a value of at least $300 before selling, in the meantime you can stake it or offer liquidity on pancakeswap to earn a little bit

Tigerheart3026

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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.

bnb don't have any future i do not think that because it was one of the leading crypto in cyrptocurrencies market.
but now i would not like prefer this coin to considering the current situation of this project,
it's going through many troubles you SEC filed is against the binance,
so you can convert it into stable coin or other promising coin.

Tomcolor

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If you got profits from your invest then you can sold now but otherwise healthy hold. After sold then you can buy again when bnb price again going down. Anyway bnb coin another top level so you can hold very long time. Bnb project community strong and promising even there very larger investors support.

tsaroz

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IMO, BNB is heavily underpriced. BNB would see better days with increasing adoption within the Binance ecosystem which is directly guided by the successful exchange Binance itself, offering various use cases and driving up demand. Additionally, Binance's burning mechanism reduces token supply, increasing scarcity and potentially impacting price positively. There are still a large number of dapps and dexes being added to the BNB chain while the price of BNB is historically on the lower side. It would be better to hold till you get a good price.

Pierre 2

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I think BNB will never go like other altcoins because Binance is biggest and most popular crypto exchange and BNB has real use case of cutting trading costs. I don't think law suits are meaningful because its mostly about stable coin of USD for sure (they don't exactly talk about but we all know American central bank wants full control over their currency). Binance Smart Chain is centralized I don't deny it, but its still popular blockchain following bitcoin and ethereum in popularity. So I see no reason BNB losing value when we hit to bull markets.

mich

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Well BNB is up more than 7% in the last 24 hours. It is $250 for each coin now. So I do not think now is a good time to sell it. Maybe there is something happening we do not know about.

If you want to sell wait for $300 per BNB. I am sure it will get back to this price point once we are done with this correction. BTC will start earning profit and BNB will do it too.

raidarksword

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Your friend was delusional for saying BNB has no future because we all know BNB is the native token of Binance, which is the largest crypto exchange in the world. So, saying that kind of words to you is not acceptable. BNB already proved everyone that it has the capabilities of changing the financial system in the crypto currency world, smart contracts and other businesses that Binance have. I rather hold it for now hence market is not doing well, by the time bull market resumes then you can sell it into your heart's desires.

IvugeoEvolutionCoin

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Quote from: kevinzxz on June 13, 2023, 05:31:43 AM

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.

personally I will definitely advise you to keep holding BNB that you have, because I believe that BNB is the best investment for the long term, so you will definitely get a big profits from investing in BNB, therefore if you want to multiply your money, then I advise you to hold your BNB and not convert it to stablecoin.

Yes I also think bnb is a very good coin. If he sells the bnb he invested in now he will make a big mistake. I think if he can hold on to the bnb now then there will be a chance of good amount of profit after a few days. But I'm thinking now if bnb is available at a low price then I will buy some bnb and hold on. No matter how much bnb prices go dumping, after a few days the price will rise.

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Quote from: Desscount on June 13, 2023, 06:27:31 PM

If you are sure for the long term then Hold it, but if you are not sure because Binance is currently experiencing serious problems then sell it,
and buy at a low price again if that happens, so it all depends on us,
there's nothing wrong with selling or holding , because I think Binance will also struggle to fight back.

well current circumstance shows that maybe BNB will have affected massively.
after all the lawsuit alone could already destroy so many coins if things turns out for the worse, i can't imagine what gonna happen to BNB at that point honestly.

carlfebz2

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Quote from: Desscount on June 13, 2023, 06:27:31 PM

If you are sure for the long term then Hold it, but if you are not sure because Binance is currently experiencing serious problems then sell it,
and buy at a low price again if that happens, so it all depends on us,
there's nothing wrong with selling or holding , because I think Binance will also struggle to fight back.

On the current issues on which Binance is really taking or involved with then its coin is really that making some plunge.

Binance Coin (BNB) Loses 8% As SEC Takes Exchange To Court
https://www.forbes.com/sites/stevenehrlich/2023/06/05/binance-coin-bnb-loses-8-as-sec-takes-exchange-to-court/

This is already a week old news and the price is still dipping recently.If you are really that an avid holder or supporter of Binance and its
coin then for sure you would really be seeing this as an opportunity for you to buy more as the price becomes cheaper.
It is really just normal that there would be people who would really be freaking out on the time that they do see those long
red candles.

On the time that the market would really be making recovery and those issues and events had been cleared out then for sure
people that sold out on top do starts on regretting.

Desscount

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If you are sure for the long term then Hold it, but if you are not sure because Binance is currently experiencing serious problems then sell it,
and buy at a low price again if that happens, so it all depends on us,
there's nothing wrong with selling or holding , because I think Binance will also struggle to fight back.

timoshani

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Quote from: Magic-Money on June 13, 2023, 06:07:45 PM

Base on the current price of BNB Coin, is down and like wise other alt-coins in the cryptocurrency market, selling now, is a lost of funds, because surly crypto market regain back and is good to buy not to sell.

Such advice, I assume, will be hasty. The price of bnb almost always decreases with the overall trend in the market. Sometimes the cost of bnb remains not treason. This is facilitated by the largest exchange Binance. But sell or not depends on the price when bnb was purchased. I think simple mathematics will allow you to estimate profit or loss on the current price.

BitSwapNow

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BNB is a top coin. I honestly believe long term it will be a huge success. Maybe once more regulation and clarity is brought to the markets and BNB can be listed on major US and other big countries markets then it will really explode. I would not sell it unless your up on your investment and in need of the money.

Magic-Money

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Base on the current price of BNB Coin, is down and like wise other alt-coins in the cryptocurrency market, selling now, is a lost of funds, because surly crypto market regain back and is good to buy not to sell.

CapGelatik

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BNB is already on a bearish path, so it's better to sell and wait until BNB consolidates again,
and I'm sure the whales will also wait for good news from Binance,
because bad news from SEC to Binance will make the BNB dump even worse.
follow the whales and don't rush when bad news is still spreading.

MainIbem

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Quote from: timoshani on May 24, 2023, 05:22:06 PM

BNB is a stablecoin of Binance,

This is not true, BNB is never a stablecoin for Binance token, rather is a reputable coin and stands as Binance native token or currency with a lot of features, I believe anyone who is holding this coin has a very cool coin to hold because it's increase and value.
Although the Binance exchange also has a Stable coin which is the BUSD is known to be the stablecoin of Binance exchange and are being traded among many pairs in their platform.

Op hold BNB currently isn't that bad but since Binance.us is facing little difficulty it could surely affects all their native currencies because of the turbulence, people might panic to sell probably traded to stable coin such as busd or buying of bitcoin to secure the value of their assets.

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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.

personally I will definitely advise you to keep holding BNB that you have, because I believe that BNB is the best investment for the long term, so you will definitely get a big profits from investing in BNB, therefore if you want to multiply your money, then I advise you to hold your BNB and not convert it to stablecoin.

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Quote from: bakasabo on June 06, 2023, 03:59:08 AM

Imho, current situation between SEC and Binance indicate, that with high probability invested in BNB amount slightly decrease and stay on that level for a long time. Similar to XRP. They also have problems with SEC and due that XRP price simply stand still. It will take years before we gonna see real price changes of BNB (it will only adopt to BTC price, without showing its own growth). So if you ready for long term holding - keep BNB, if not, then switch to other altcoin.

The long term of BNB is still promising because indeed Binance is still the number one exchange for now,
and of course the price will still be above $ 200,
but with the problems with the SEC it is likely that the price of BNB will be in the consolidation zone for a long time the same as XRP.

bakasabo

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Imho, current situation between SEC and Binance indicate, that with high probability invested in BNB amount slightly decrease and stay on that level for a long time. Similar to XRP. They also have problems with SEC and due that XRP price simply stand still. It will take years before we gonna see real price changes of BNB (it will only adopt to BTC price, without showing its own growth). So if you ready for long term holding - keep BNB, if not, then switch to other altcoin.

Topic: Should I keep my BNB or Sell it? - page 5. (Read 2822 times)