|
Title: BTC, BNB (Binance)? Post by: Ganglo Saxon on July 16, 2018, 06:37:58 PM I have been hodl'ing one BTC in a cold wallet. Plan was to keep this indefinitely as longterm investment. I have some BNB (Binance coin) and have great faith in the coin. Considering to sell my BTC to pick up more BNB. Theory:
As I write this: BTC at $6680 USD BNB at $13.40 USD If I hold BTC and it goes up to the prior high of $19,500 USD, then I have $12,820 USD. If I sell BTC for 500 BNB and it goes up to the prior high of $24.66 USD then I have $12,330 USD. But, say BNB exceeds the high (Which I feel is very possible because they are the best exchange out there and keep doing new things) and hits $50 USD a coin (Or more), I am at $25,000 USD. I know Bitcoin can also exceed the prior high, but I feel if it happens it will be later (Maybe 2019, 2020?). What do you all think? Title: Re: BTC, BNB (Binance)? Post by: o_e_l_e_o on July 16, 2018, 08:01:08 PM BNB is a solid hold in my opinion - it is one of the few altcoins with an actual real world use in that it reduces fees on the Binance platform, and as you say, Binance is the biggest exchange in the world, announcing record growth and profits. As crypto grows, so will Binance.
As to which will grow more/faster out of BNB and BTC, it's near impossible to say. The best option is to stay diversified between the two, and rebalance your portfolio periodically if one outgrows the other. Title: Re: BTC, BNB (Binance)? Post by: novy on July 16, 2018, 08:10:21 PM I would keep like 30-40% in bitcoin, other 60% I would split in 3-5 coins. BNB not a bad choice, another very cheap right now is neo, ontology and elastos. Like you can see all of them are blockchain coins the only one is BnB coin of the exchange that will have own blockchain soon.
Title: Re: BTC, BNB (Binance)? Post by: Ganglo Saxon on July 16, 2018, 08:33:54 PM Thank you both for your responses. Much appreciated to see others point of view.
I do have a diverse port with WTC, TRON, BTC, BNB, OMG, VTC, LTC, ETH, GAS, NEO, XRP, ONT. This would just be with regard to BTC & BNB. The BTC increase from current to max prior high would be a 191.92% increase whereas the BNB increase would be 84.03%. Thus, I feel potential for the BNB increase is greater than that of the BTC increase. Obviously, though, there are too many variables to make a proper estimation on buy/sell. I like the idea of maybe selling 60% (I would put it into BNB) and keeping 40% in BTC. Title: Re: BTC, BNB (Binance)? Post by: seo-maestro on July 16, 2018, 11:16:09 PM Binance has many potential news to pump BNB price in future:
- euro deposits/withdrawals - margin trading - voting for coin of month to be listed (more BNBs = more votes) - own fast blockchain launch - own DEX working on own blockchain - quarterly coin burn - new ICOs on Binance launchpad buy for BNB ... And Bitcoin has ETF only. So I bet BNB will be better and will enter TOP-10 on coinmarketcap soon. Title: Re: BTC, BNB (Binance)? Post by: poodle63 on July 16, 2018, 11:30:41 PM Thank you both for your responses. Much appreciated to see others point of view. Remember just the matter of time until binance will be issuing its second product to be used by all of the crypto traders. Binance will be created 1 billion as the profit by run its business. I do have a diverse port with WTC, TRON, BTC, BNB, OMG, VTC, LTC, ETH, GAS, NEO, XRP, ONT. This would just be with regard to BTC & BNB. The BTC increase from current to max prior high would be a 191.92% increase whereas the BNB increase would be 84.03%. Thus, I feel potential for the BNB increase is greater than that of the BTC increase. Obviously, though, there are too many variables to make a proper estimation on buy/sell. I like the idea of maybe selling 60% (I would put it into BNB) and keeping 40% in BTC. They are burning their tokens regularly that's the reason why invest in the binance. |