Bitcoin Forum

For all those who believe that altcoin rally is just getting started I think there is still time to accumulate BNB, another big burn is coming this month, probably few days away now and imagine what the price will be for a coin that's well adopted thanks BSC.

This is not a financial advice.

It's too late to accumulate more and more BNB. FYI the burn already announced since a long time ago. When people are buying BNB right now and it's just a disaster consider BNB can get a correction after the burning even.

Some people have been talking about the possibility for the BNB holders to receive the BUSD airdrop soon. BNB will act like a stock.
I think BNB is overbought right now.

BNB isn't overbought, I will screenshot your claim on BNB @makishart because I'm sure that BNB will go over 700$ soon, out for that fact that BSC solves gas issue that's supposed to be on Ethereum, let's wait and see what happens

Recently, the Binance exchange added tokenized shares of Tesla to its platform, if Elon Musk tweets about it on Twitter ....you know what will happen, so everything is still ahead. :o

I think with a token burn from BNB, then of course the price of BNB will increase very high again and this is an opportunity for us to buy BNB, because the price of BNB is going down (below $600), so I am sure if token burn from BNB has occurred, then the price of BNB will definitely be easy to reach $1000 and of course we will get a big profit from investing in BNB at this time.

Yes, price will be rising more after burning BNB but this news have published already and price have also pumped in great amount. It was better to invest BNB few days ago. But still anyone can invest on BNB because it is most promising crypto at this current market.

Few days ago? BNB lose some huge value today, from 637 to 544 around yesterday till this morning, it's still a good time to buy BNB, actually I'm doing some trading that's earning me good profit just from BNB only

BNB made x15 this year so yes you are right BNB Burn is coming. Some people will get burnt really soon. BNB market cap will soon be $100 billions.  For a utility coin that can be used on a exchange.   IBM market cap is $111.5 billion.  There are less then 100 companies on the world worth more then BNB utility token. Not Binance exchange but the utility token they use.

if this has been announced before now it's ... too late have a big profit with this burn.
reducing supply doesn't imply a direct correlation with price...

What I have seen interesting is related "airdrop" and new project, literally growing like mushrooms and in some cases also endorsed by binance. I think this will have a better impact on value of token then a simple token burn.

Except for those who bought earlier below $200, $100 will definitely take profit, if they haven't already,  for those who are accumulating now, surely no one will want to sell for loss,  between once the burn occur means less bnb in circullation, bnb utility is expanding which is also another reason to increase demand,  so the probability of bnb crashing that low is very slim, and the probability that bnb will most likely touch $1000 is high, just a personal observation and not a financial advice.  :)

BNB has already pumped significantly. Who would have thought the copycat ETH will have this significant pump someday? At least, I didn’t.
Nevertheless, burning announcement had an affect already and I guess when CZ will share the burning event dates or when they will share burning details, BNB will pump to $700. But still, BNB is certainly overvalued and it’s very risky to stay in.

Copycat eth? You must be reading something different, bnb as a coin and bsc is totally different,  bnb is an exchange coin eth is not, just because binance now has its smart chain don't make bnb a copycat of eth, go read the white paper and understand it,

I hope you know the date when bnb was launched, how long it took before it reaches this price, it didn't just happen overnight,  lots of hardwork have been put into making the exchange one of the highest trading platform, something ethereum is not, so I wonder where you see copycat.

Eth at $2000+ with crappy network is the overvalued coin imo. I did a trx transfer to binance without paying for fee or perhaps for insignificant amount compare to that money hungry network called ethereum.

Maybe every one of those who sell their BNB at $300 or less than that, waiting for a major correction. But none knows if there will be another IEO which might be announced just after burning event. TBH, BNB might take bullish rally for $1k zone if that's happened and just like previous bullish rally, it'll might also make sidewise movements if bitcoin takes another correction, IMO.

A lot of people still saying lots of upward room right now but I feel as though a lot of people are top buying.  That usually is the downward trigger or at least a hard pullback.  Easy putting money on something when its always going up, I lile to put mo ey down when everyone is selling.

most people think bnb will make corrections after this burn,and they thinks its price will go down too. When i inspect the bsc network, I see significant improvements and significant volume increase so I am unstable, it can continue to move forward.

BNB burning had been a part of their mechanics ever since so there is nothing new here.  I do agree that the launch of BSC is one of the major reason why BNB price is surging.  I have tried the system and I can say, I am quite happy that at least there is an alternative chain that we can use that is way cheaper than ETH main net.  Anyway, it is not recommended to invest in a price that had already surged multiple times in its current trend.  It is best to wait for it to have a correction and find a window for market entry.

BNB is keep pushing and pushing its price up to the top. BSC was the game changer and I think there will be more projects that would use them instead of the others.
As it about to burn, this is the hope of the peak investors despite it's already high, they're leaning to make money once its done.
For there will be and I think most of them are those investors who invested because of hype, the same as the usual.

If BSC never existed till this day I'm not so sure that BNB can make it this far even with burning off part of max supply, the reason why BNB is a most have in your portfolio right now is because of BSC, this is just the beginning, 1000$ per BNB is possible

BNB tokens is my biggest miss of the year because I saw the price at $42 thinking it is going to correct but the price has never look back since then, I do underestimate the effect Binance chain will have on the price of BNB tokens and If there is any tokens that I feel can compete effectively with Ethereum for the second spot, it is BNB, because people talk about Ethereum space and do undervalue what it happening on other chains

Bnb is pumping hard right now and undoubtedly the upcoming bnb burn will play a major role in making bnb more valuable, maybe after the burning we could see bnb at $1000 probably, buying a few bnb now will definitely be worth it, I would rather buy it now at ~$500+,than buy above $1000,hopefully Bnb will pump to Mars after the burn.

Maybe we could see BNB at a whole another level after this burn, because its already pumping due to the rate of projects been developed on Binance Smart Chain has increased alot for the past few months, I'll just keep holding on my BNB and see how hard it's going to pump after this burn

Maybe that might have an impact on BNB, but I doubt if it will be much, cause I believe Binance exchange isn't the first crypto exchange where stock is traded, i believe FTX already had that, Binance is just followed suit so there's nothing really special about their move to add tokenized shares to their platform. A major fuel for further upside move is the upcoming burn which I'm looking forward to.

https://i.imgur.com/bEXv5OR.jpg

Very hilarious, despite the huge increment that BNB has recorded in the past weeks, CZ still refers to this as a dip. This is a sign of what is in store for hodlers of BNB in the days to come. I tip BNB to topple ETH in the next few months. With the accelerated burning that they announced for their  $100million target, the increment in the weeks to come, will be very sharp.

This is not a financial advice.

They've committed to burning this
it's not really a new one it's old news that old-time Binance holders know and this is what kicks the price to go up aside from the innovation innovations they've introduced I'm very bullish on BNB they have proven their worth in the industry, and they are the leader.

https://i.imgur.com/kD6apnj.jpg

This is the line that CZ keeps on sharing and yeah, as we can see the price of BNB reacts on his every tweet.
BNB burning will make this coin more valuable and we might see a $1000 because the hype on BNB is still here and the altcoins season are happening.

That’s why i love BNB, because they keep on innovating and its good that they developed BSC which is one of the cheapest network that is out in the market right now. We’ll see this two grow more in the coming days. :)

Huge supply will be burn again and its significant based on the current price.

As the supply is down, it's normal to see a price to go up, and BNB has demonstrated that.
It has now reach a new ATH at $600ish, and probably more to come as $1000 is just so reachable at this point.

The party is happening, those who have not ride yet, maybe they need to think wisely now.
FOMO = yes, but possibility to rise more, also yes.

That is true I have seen the social media post of the founder of bnb where he said that burning of bnb supply will takes place and because of that it will definitely a massive pump in the price of BNB so this the best time to accumulate and stock this coin.

I like the idea of how the CZ keeps on telling on that it's still the dip because his vision with BNB is probably higher than the original price, and I think I agree with him. Being one of the top exchanges worldwide generates a lot of profit and gives practical application to cryptocurrency than any other exchange has. A lot of applications have partnered with Binance, just like games, developers, tournaments, etc. It's just catching up. The disclaimer on the "not a financial advise" is just a precaution for sure. But still, if you believe it can rise, it will.

BTC will still be the dominant coin in the future. Maybe BNB can beat ETH? Idk.

yes you're right, bcs solves the problem that has been on the ethereum network. And many people have switched to the BNB network, this proves that the BNB will be quite strong nowadays.

You are right, this month's token burn will drive the BNB price to mars. By the way, do you know how to calculate the tokens to be burned? I saw that last quarter 3 million BNB tokens were burned, will this quarter burn the same number of tokens? BNB's price has gone up more than 10x since last quarter's token burn

Bnb hype train is undoubtedly extreme, giving it a 1000 is quite extreme too because it would move the graph to parabolic, we know the parabolic isn’t sustainable everything that pump parabolic end in the dust it has been the very fate of all many coin included bitcoin itself, not saying binance is not good, but the shill is a bit like McAfee it’s too extreme. CZ is the great actor, he constantly stay positive to shill his own coin of course building morale is the key in marketing.

The thing is market is full of whale that would manipulate price in both direction, notoriously buying bnb up or bnb down, they take the calculation with how much leverage is in the investment and how the probability of them making money with hft in trade a direction, they’re not blindly follow the hype, there is little doubt bnb pump is highly leveraged with a lot of borrowed usd, it may become a sweet spot for whale to short and make a killing, avoid fall into the same fate in the like of Wall Street bet.

The price is still going up but I think it is risky to make an entry at the moment since the burning will occur soon. I had bought during the dip even though it is near its recent ATH since BNB is the apple of the eye this season. Aside from it's use case BNB aims to solve the high price of ETH transactions which makes it one of the best platforms today and one of the best long-term investments one can make. I will not be shocked seeing BNB surpassing Ethereum in the near future.

I think that's not about that. That being said the burn event for binance will come and what you meant burn in your post is so vague.
The burn that already announced by binance already brought huge demand for BNB

You can't use bitcoin as a way to determine the trend. Binance coin can be dumped even when bitcoin in the bullish trend mode. The fact that we are still in the bullish trend.
I don't even think bitcoin will turn into the bearish trend as soon as possible.

Burn mean more binance already bought by binance in the market send to the default address.

Burning BNB is inevitable, they generated so much profit and as they promised they gonna buy back and burn but whether the coin gonna get pumped or not we don't know for sure.
Though CZ really good at making people feel FOMO'd just see his tweets pretty sure thats gonna drive the price up again.

BSC is not the main factor that plays the part at increasing BNB price, though maybe it plays the same big role but it's thanks to their launchpad that causes this coin to be hyped up, most of people I know that invested to BNB doesn't even have an idea what BSC is and yet they bought BNB like there's no tomorrow because you can earn some coins from staking it and buy coin in their launchpad. BSC as good as it is as an alternative to ETH that allows migration very easily, doesn't play that big role in term of BNB success, but thats just my opinion, take it with grain of salts.

Burn is the key reason why BNB price rise drasticaly in this month, i think the price will reach $700 when they burn. BNB is one of promisiong coin to hold for long term instead of BTC.

Long time holders understand the big potential of this kind of utilitiy coin, burning allocated numbers

brings more value to the coin as the project is already usable, expecting more hypes to happened as

there's another burning to comes up. Might be the reason why the pumped is really high as investors

doesn't want to missed their ride.

I think with this burning, the price of BNB will soar higher, I think the price will reach $600- $700 this month, obviously this is very profitable for BNB holders, but after all BSC is the main factor that playing role in increasing the price of BNB, because it has  a very low transaction fees compared to the etherem,

Well said, that will be possible for BNB to reach $600 in this month. The price of BNB drastically increased from the end of March 2021.
I think this coin has a promising future, and this is a happiest moment for you all if you hold on to BNB.

Possibilities will always be there,because we all know that their are many potential coins in crypo.  As what we see now the price is changing which means that high price will coming soon. This will be the most awaited day to those people who followed BNB and holding it for a long time.

People will always choose where they invest their monies in and just like every other thing, crypto projects too has come to have their own (fans) Enthusiast and will not see the good or reason to invest in some particular projects that they feel is in competition or a threat to what they like even in the face of great reality. BNB has already been above $600 and the ecosystem has a lot going so the $1k price is sure regardless of every correction which is expected.   

Old news do not make headlines. The price of BNB is already discounted beyond any reasonable surprise I am afraid. I would rather have a short position on it, if that were possible at all, because, as it usually happens in crypto, everything good that could possibly happen seems to have been already priced in by the market. I would not be surprised if Binance were actually manipulating the price and that becomes known one year from now.

I am really feeling the signs of a strong altcoin surge, and look at the recent days when altcoins have kept getting pumped up a lot and some coins have grown a lot. For BNB, there are not too many surprises, because it is an inevitable event if the market continues to follow the current trend. I think BNB will end up with a new ATH around $1000.

Possibilities always there but BNB market need the money or capital to pump the market and it's not coming out of thin air. I think BNB pump will be unsustainable within short term but if it's long term I'm sure the price could go up very high as there's the burning and the capital coming from the IEO held by binance that usually force peolpe who wants to follow to use BNB instead and I do agree with some people that BNB could have higher price than ETH since the burning definitely gonna reduce the total supply of the coin.
But at the meantime despite the coin burn, I'd be very aware of price dump.

There is no doubt at all on the potential of BNB. The BNB team is very excited to prove that they are very serious in developing this project. I am very impressed with the BNB FOMO which has the opportunity to increase the price of BNB to the highest level in BNB history. Moreover, people started switching from ETH to BSC because ETH fee was very high, so there is no doubt that BNB is increasingly favored by traders and investors so that the BNB price is increasing and will continue to increase.

I think the opposite, it's really bad if we collect BNB when the price is already hitting $ 544.

And if you say Altcoins only rally in the months---ahead---in my understanding, it can point to another Altcoin, not BNB, a lot to consider for that, maybe.
Bnb is not the right thing for now.

BNB burn 720 , 1000 and etc. I do it is bull run 2021-2023 years and stay dollars in crypto. Now is a good time to buy BNB, BTC, LTC and altcoins 1000+ for holding and sell 2023 years

I do not think so. Most probably BNB is marching toward $1000 levels right now. So, if you do not bother about BTC values of BNB then this must be still a right time to accumulate with the targets of doubling the current prices. BTC is also moving up today which means even BNB is holding on its current price levels will get you profits in terms of USD values.

I do not think a burn event will lead to corrections as per basic supply-demand principles. So, if they plan up any burning in near future that will boost prices again. In my personal speculation, BNB is moving toward the levels of what ETH is doing right now; this is just a guesswork based on what I do see the hype level in crypto people; I have been right and wrong time to time ;).

Binance will be going regular burn as stated by CZ if binance will be stopping the regular burn when it reaches a specific supply.
I don't know how much it is but it has ever stated by CZ in the past.

Crypto has become the hottest investment place and so many new comers were joining in the cryptocurrency as well.
Im thinking binance can surpass 1k in the next months. Binance has fixed supply while ethereum has unlimited supply. We can take a short conclusion from there.
BNB has a very big room to growth.

I'm pretty much sure that BNB price will increase even more in the coming days. But the market is not always in increase so possible there will have a correction after BNB went to moon. Massive demand is expected every time there's a burning of BNB. They know the basic result is no other than just to increase after burning. Because BSC is the hottest block chain now. Popularity plus potential plus less supply is equal to moon.

Price of bnb increased a lot. Now price is around $580. I think the main reason of bnb pumping is ieo. And i don't think this is abnormal. As a most popular exchange coin, It’s normal.

There's no doubt that it will proceed and reached more high incoming days or months.

As this project really gaining more interest coming from both sides, developers are building new project using this chain while old projects are switching to this system, then here comes the traders and investors who are much willing to ride and take the chance of profiting from this market trends.

I agree with you. BNB will go over $700 and maybe higher. BNB is not increasing because of the burning of tokens, I support your claim that BNB is increasing because of BSC that will solve the problem of higher transfer fee of the Ethereum blockchain. Will just hold BNB and wait until it increase and go over the price of Etheareum. It's for long term holding.  :)