Bitcoin Forum

Hey,

If you are not aware of this, Binance today burnt 1 Million BNB worth $500 Million dollars. What is the expected price jump in BNB due to this?

Would love to know your feedback

The burn is already done? Why is the price keeps dropping then? BNB needs to retrace it's all time high to start surging again but right now I don't see any bullish trend but I believe that 520$ per BNB is still a steal, BCH on the other hand is going to 1000$ wether you like it or not, many people hate BCH but it has what it takes, anyways it's not to late to buy BNB

Burn has been done and prices are still going down. You should be aware that we all don't know when Binance buy back tokens to burn. So even though currently the token has been burned, it will not affect the price.
Because it could be that yesterday BNB went up high is the effect of the buyback

I’ve heard about this news today and the hype is already circulating in social media but I don’t think it can affect the price today as we’ve seen pullback on the market.

The previous hype might be intentionally done by CZ because this burning, its hard to tell when will the market reacts on this but for now, let’s just see the price going down and wait for the right price to enter again, the future is still huge for BNB.

IMO, the burn will give a long-term impact. I don't expect there will a big pump after this.
The next IEO will bring binance toanother FOMO again. People have been starting to sell their BNB due to the news about the burn and bearish trend that is happening with bitcoin.

Another correction for BNB will come.

that's a common thing in crypto. people buy the rumor and they will sell for the news. This is the best time for those to take their profit from the market.

These tokens will be redeemed by the Binance Exchange and compressed every 3 months until their total supply reaches 100,000,000.
1,000,000 tokens is not such a large number against the background of the total supply.
Now there is a bull market, so the price of a coin can rise under any pretext. Binance will burn its tokens for many years to come.

Don't expect price surge instantly, market is retracing presently, even btc is down but I'm sure that once this weekend is over crypto market will turn more greenish again maybe then BNB will continue it's bullish trend 📉📉📉

I don't expect a huge price pump due to the burn today because i think that this price pump already happened in the last two weeks. That is similar to "buy the rumour, sell the news" in my opinion, so before an event occurs the price pumps but once the event is there and happening the price is going down most of the times. In this case though i don't think we see a big dump. I expect not to much price movement because of the burn at all. If the price stays relatively stable that would be already a success in my opinion.

Pumps don't happen in a blink just because they burnt their coins.
But, this is good news.
They can waste that high amount just for burning. If it's one of their marketing strategies then good.
I bet a lot of investors will now give a damn about BNB. Let's just absorb what happens first then maybe we can see movement in a month or maybe even faster than that. I already bought my BNB before and even with dumps that are coming, I won't budge just yet.  ;D

Hi mate it doesn't really mean a token burn would let the price hike instantly. Yes it is helping in the scarcity of the supply makes the token more in demand but that's not a good basis for a price jump. I dont know but I think BNB is already overbought and still needs retracement. The price jump so much since the start of the year and that's need a healthy retracement.

It's maybe because after the pump people trying to take profit and therefore the effect of BNB burning overshadowed by the dumping but burning itself also doesn't always guarantee price increase. So many cases out there I've seen where the developers trying to burn the coin either through buy back or other method but ended up having no impact to the market whatsoever, it's at the end of the day always depends on the demand in the market otherwise if the demand is kinda low burning is just reducing total supply and that's it.
Though I actually think that the pump caused by burning already happened right after announcement not when the deed is done.

It doesn't mean automatic price increase, BNB has been doing very good even before the burnt, so we don't know if those guys have anticipated the price will increased prior to the burnt that's why there's no more pump in the price. Usually this is what happens to other coins that has the same protocol. Investors are wise enough enough to get it early and then wait for the actual burnt date. In short, the burnt price is already in.

I am curious about what happens to BNB after the burn process is finished. If that can lift the price to the high price, that will be good for the investors because they will make a big profit and sell it and get their money back. But I guess the price will not jump in a short time because the market needs to adjust the price first before the price can increase. But if the price can increase shortly, that will be the time for us to sell and take profit.

what do i think? is a strategic move by binance to artificially inflate the price of bnb and of course it will work

$1000 price with BNB is still possible and many predicted BNB to reach that price this year but don't expect that burning of supply will make the price pump instantly, you still have to wait for this strategy to takes effect and if we're able to rise again after this pull back, then the up trend might continue with the good projects. Anyway, they burnt a huge amount of supply and it can really affect the value of BNB in the right time it is bound to become more expensive in the coming years.

Yeah and that is the 15th time they burnt BNB. Some people said that it will reach around 700 usd for the next few days and some said that it could reach over 2000 usd because aside from burning tokens, bnb is already showing a great sign and trend to pump.

After the burn there is no effective movement in the price of bnb I was expecting a decent jump in its price but that didn't happen anyways It's all depends on further movement of the market although this bnb burn will leave a positive impact on the value of bnb for sure hopefully there might be a decent growth in the price of bnb.

Btw this discussion is more better asked in the speculation section.
Price is not always follow fundamental reason, that is just 1 factor remind that bitcoin price also down right now.

So there are many factor why price rise and dump. You can't just look at 1 factor to predict where the price will go

There is more room for growth on BNB coin, I'm guessing over 700$ soon but the fact still remains and that is when bear market? The moment you started asking yourself this question I'm sure you are already playing the safest game, take profits just in case

It is the opposite, BNB price is going lower and i guess this is the correction from the ATH price few days ago.
I think many people was waiting to sell their coin after burn and hoping it reach very high price.
When they see the price is not rising anymore, they sold their BNB coin and that's why the price going down.

The jump already happened a few minutes after Cz revealed the hint about the burn on his twitter pushing the price from 507$ to 543$, and do not forget the fact Bnb already went up these past few months due to this burn event. as matter of fact, at the time of the event or post event there will be no significant change in price instead it will bleed slowly.
people are selling their bags on news and buy it when they hear a rumour. it happened many times before even Bitcoin itself did the same thing.

Don't believe too much in events like this, trust the price line. Binance announced their next BNB burn just in time before the event. The decrease in BNB's price is the correction of the whole market. There are many discounted cryptocurrencies not only BNB.
In my experience, take profits before a project event happens. Perhaps many people took profits before BNB was burned.

While the markets were good, Bnb took good advantage of this coin burning event and rose to $ 650. It has withdrawn a little now, but as long as the dogecoin movement is completed, Bnb may move again.

Yes it's not! A very big chance that the hypes happened before this burning of coins, those early holders are taking advantages for holding
before the price pumped.
They are now dumping and trying to take another  good position while weak holders are rushing to sell their coins fearing that they'll be left behind.

The after effect of this action may take some months, new investors who noticed this correction will surely take this opportunities.

This is what I want to hear how all of you speculate regarding the burning that was carried out by the Bnb, even though it looks like it fell, but is this a square off to prepare a much crazier power. I hope that the Bnb will be able to give good wishes to the holders.

Yes, burn completed a few hours ago. Many holders was waited for sold their token after burn they expected price will be increased but unlikely price is going down i think it's a correction even now as you can see many top coins going down trend. now good time to buy BNB to big profit in the long run.

BNB coin was pumping recently because of the news that the coin burn which happened today. As always, the coins pumps prior to any event and dumps on the event day. I think same happened with Binance BNB coin. Remember, buy the rumor and sell the news  ;)

Anyhow, bnb is still good to buy and we have another chance to buy it under 500$.  :)

Burning event already showed the surge of BNB when it's announced for the first time after the recent IEO and it's on the dumping phase as the event is done. So, every one of those who are familiar with the situation of burning events, might taking short position on BNB for future trades which is obviously for short period of time. BTW, BNB might target for $1k milestone if there will be another IEO in the upcoming weeks, IMO.

don't be in a hurry it all takes time because basically everything doesn't happen instantly.
because some speculation is still possible we just need to wait for the bullish tern there for BNB because what I saw from a few weeks ago the increase in the price of BNB is not from the BURN effect but many fomo and buyback that makes BNB soar very large.
but for BNB itself I'm sure it will continue to rise just waiting for the time. usually on the weekends will go up frantically.

I think this is a very good step taken by BNB, because it can support price increases, even though the increase takes process and time, I am sure BNB will reach $ 1000 in the next few months, hopefully this burning can provide positive things for the development of binance.  in the future,

Well BNB at least has good background and the coin has use to it. We are seeing what is happening with DOGE and hype pump. At least there are coins like BNB who deserve the hype and to rise more.

Burning BNB just means that prices will push up back for sure, and it already happened because of that announcement, but as an investor, you need to make a profit in it and that's what people are doing.

From around 250$ price of BNB, it jumps up to around 600$ so we could surely expect people to make some profit from it, especially if you know how the market works and as well as if you know how to exchange token works.

It's still bullish from 250$ I made a few mistakes selling some of my BNB around 400$ but still, I'm in profit anyway, But we could surely expect a skyrocket to its market price next month.

CZ and his crew in Binance keep taking the bold step and keeping jaws dropping in the crypto space. The mechanism of price appreciation is seeing new turns even in the face of bulls, we obviously have seen the most expensive burn (if i am not mistaken) in the future of cryptocurrency space. Although, i still wonder why the price of bnb is not affected by the burn but then it doesn't count.

Even when they did burned tokens I saw no movement whatsoever because currently all markets are still slightly down, anyways the burned token will not immediately give positive things to the project but will go up significantly and BNB is still very likely to reach price of $1000 $1500 in 2021 (only my estimate)

surely Binance wants more than the current price. maybe they want each 1 unit of bnb to be priced at $ 1000 or more. Just imagine, before they burned BNB with that amount the BNB had become an Altcoin having a very good quarter and dominating the market. and of course after the burning occurs I am sure the price of BNB will continue to improve

I have heard about this news on every social media, seems to be the major news for today followed by the crazy doge well that aside, I'm just wondering why this is the most hyped burning, and I think evn after the burn today the price of bnb is still dropping maybe its a correction after the huge pump a few days back, i expect bnb to break into $700 to $800 with the next pump, if there will be any though,but we will definitely see bnb pump anytime soon.

I am sure the price of BNB will increase by at least $1000 this year and I think now is still the right time to invest in BNB, because the price of BNB is still down and has not increased after token burn, so you can still get a big profit if you invest in BNB at this time, therefore I think you shouldn't miss your opportunity to invest in BNB before the price of BNB increase very high.

This is just a coincidence. It is easier to pay attention not to the words CZ, but to the bitcoin movement chart, because, as a rule, the movement of all altcoins and BNB is no exception, depends on the movement of the BTC price. And today's BNB chart completely repeats the BTC price change chart.

Not all burning coins will instantly make a pump on the market.
In fact, the pump condition actually happened before the combustion occurred because there were hopes from investors regarding the combustion which would increase the price. but none of that also happened.
if the pump does not occur immediately after combustion, there will usually be a pump in the following season.
pump increases will definitely happen because seeing the high demand for BNB and the combustion will reduce market supply.

Maybe it could go as high as $1000. But as it goes, there seems to be a slow down and a dip came.

You don't expect the effect of it to come after the burn that just happened. BNB burning will lessen the supply and we're all aware that if there's a lesser supply in the market.

It will make the demand and price to shoot up.

When you look at logic when there is millions of coins burned it should reflect in the market and if the argument of the entire market going down might have caused the price to go down then it is a valid point as the BNB market was rallying for quite some time and it is not a big surprise we are seeing a minor correction and we might see the affects of the burned coins during the next pump.

don't worry about this drop. we all know how BNB's assets will be in high demand in the future. despite the downturn and not what we expected in the current burn, we will see it make improvements in the future. just enjoy the current market for better investment planning. wait for bitcoin to strengthen, we'll see BNB in action.

Those who are in for short gain are pulling out and again, bitcoin whales are selling off because of the imminent correction on the weekly time frame Macd indicator.
When you picture it clearly from very first burn until now, binance never sleep. And it they don't, expect bnb price to keep soaring at any fundamental news.
Binance want to lead in every aspect of crypto, including defi that's why they quickly listed yearn finance on its first listing before the defi boom including farming of token as as well as liquidity.
Bnb is good for long term and not to be traded by a juvenile.

The impact on the market not seems too bad this time but not sure in the coming days. I expected panic selling for this especially for the weak holders so possibly dump will surely we have to see. I hope this never happens but we can't stop weak hands people acted like that.

Definitely, it gives a way for investors to accumulate more BNB if that be going to happen and this also helps for the faster recovery which most of the holders worried about.

This news is very busy talking on social media this time, we will never know when Binance buys more tokens to burn, for now it doesn't seem to have much effect on the price, and maybe yesterday's increase in binance was the effect of burning this time, we have to keep an eye on this in case of a downturn and get ready to re-enter when the price improves.

The community gets the news that there will be a BNB coin burning this month. that's what made the increase happen. and it is truly extraordinary.
Unfortunately, when the burning moment occurred, the market was correcting. that's what made the response from BNB and BTC holders also securing their assets. I think now is the time for them to come back because BTC has started to stabilize the market price. and it will be a good time for altcoins like BNB to make another move.

Well the news has been announced for a long time and if I realized it, I think most people bought it and kept it at a good price, BNB has a way to get people to come to them. Given its current level of growth and potential it is fully believed that by the end of the BNB bull season it will be possible to surpass $1000.

1 million is very significant, given that the entire circulating supply is only 154 million. And this makes BNB unique when compared to other altcoins such as XRP and DOGE. I don't think that a lot many of the altcoins have this decreasing supply algorithm, similar to what they have in BNB. It benefits the users in the end, as the burn events increase the value of the remaining coins. And the impact can be seen in the exchange rates as well. BNB is holding on, despite the disappointing NASDAQ listing by Coinbase.

The impact from the token burn already happened since last months and I think that you must watch monthly chart and that was showing what impact that already made caused by this burn.
The IEO was also making the price of BNB goes crazy right now.
I think that the dump that is happening recently just another correction. Remember that the burn will give a long term impact.
Binance will also try to create more and more innovation as well. The impact from the burn has been making binance goes from 200 to the 500

this is cool news. The price after these planned token burnings will only go up. I think that we will surprise the price tag of several thousand dollars very soon.

maybe the effect of the increase in BNB can be seen in the future, because the BNB market is very large, they when burning a large number of tokens cannot immediately increase the price. So I think this burn is the initial stage for BNB to go higher in the future

Since the burning of BNB is so big some time ago but at the moment the price movement has not also happened to a better number, what happens with BNB today we have to wait for the next surprise until this year BNB can reach the new ATH, and I am sure BNB will rival ethreum in the second place for the future especially since the existence of the BSC network that has been relied on in coin transactions.

Are you kidding? That is half of billion dollars? Even they are not doing this, I am sure BNB will keep going with bull run as it got many real world applications. Honestly I somehow could get their intention for burning this much amount of BNB coins. Yes, in some sense, we need to understand it like binance is caring about its investors and to get them best possible benefits, they are doing this kind of other activities which are always leading to assured appreciation of coins.

I read binance's sister concern wazirx also burning some multiple of its exchange token to fire up its rally. Already wazirx token is on good rally like BNB coin. I guess binance is dominating in crypto space by all these.

It is the game of by the rumor sell the news thing, immediately the next bnb burn was announced it trigger a huge buy movement, lots of investors where already buying bnb prior to the actual burning time and sell to take profit few days to the event, reason why even when the burn has occurred it won't take effect on price immediately, this will occur slowly,
Am guessing the correction is done and probably another opportunity to buy before the next price movement.

Really they already burned it? but the price still around $500.. seems it's not yet effective, I thought it will pump after they burning it. Maybe let's just wait a little bit who knows anytime it will pump suddenly. I believe burning tokens will increase the price.

Demand and price seem to rise.

Do we see the $1000 levels? I do not know.

I think there will be slight gains but in about a week or two we should see the graphs at around $506.44 for a longer period. It also depends a lot of how monthly BTC candle will be closed.

I totally agree with you about the burning of BNB. If the burning of BNB is effective then its price should not be such a big correction. On the contrary, in the last few days, the price of BNB has been revised down to $100. However, my expectation is that if the issue of burn is implemented, BNB will pump again very soon and it will reach $1K.

I think binance i playing a dirty game that no one can understand yet
But nothing stay hidden for every under the sun
Just saying

Although the burning of BNB in large numbers has been done, the results were far from what was expected. The price did not go up drastically
as predicted by many people, it may increase or the effect is slow. I also don't understand what's wrong with BNB, I'll just try HODL first, the BNB I have,
while looking at the development of BNB in the next few weeks. I'm sure BNB will rise in the near future, sometimes we just have to be a little patient.

Actually, the pump was happening when Binance buying the coin before they burn it.
They must be accumulating the BNB over time before they announce that they burned the coin.
So, i think BNB coin won't pass its ATH for now, but the next burn will.

I think we need to be patient as the efficiency of this process will be relatively slow because the value of BNB is no longer two digits, it is three digits and the future chance will be four digits, for every ladder it hits, it all will require a strong enough accumulation for it to increase rapidly. Today's burning event is just a form of advertisement to talk about the scarcity of BNB, this source of information will be a valuable opportunity for investors to buy more, BNB only needs a few more boosting factors, we will very quickly see the dramatic change in BNB.

It goes to show that a lot of sells going on in the crypto space are done ignorantly on bandwagon effect. Investors sell because others are selling.
Otherwise, how does one explain the fact that burning of a coin just happened and people are selling off when they're supposed to keep hodling their coins in expectation that a surge will definitely happen?

Truth is that most investors don't go through the fundamentals to find out what is in the news. All they do is watch the reaction of others to price and follow their lead sheepishly. Whenever they find out that price is dumping, they panic and sell off without knowing why others are selling in the first place. Veteran investors will buy BNB on this news of burnt coins because sooner or later the effect will reflect on the price of BNB. This won't go beyond next week before price shoots up again. Who knows, we may see $1,000 with this next rally coming up.

looks like this is the 15th burn binance has done. the purpose of the burning is to anticipate the fall in lower prices. maybe after this burning is done in the future the bnb price will increase because the token supply is already small and the demand on the market is large. That's why I think the price of BNB will be higher for the future

Well, since the burning, there hasn't been any significant change from BNB, right? even now the price is back closer to $ 500. however, it can strengthen the current price. I think the price of BNB will go up in the near future because the burning of coins is quite a lot.

maybe Binance wants a higher price in the future so they have to reduce their token supply. thus BNB will be a little scarce and make the price higher because many need it. I think that's the reason they burned 1 million BNB.

Yes, the price of the bnb currency will rise after a million tokens have been burned, but not in record time. You must be patient! During the past two years we have witnessed a remarkable improvement of the Binance platform through the development of its services. I also believe that the inclusion of stock trading will open wide horizons and the joining of more investors, this will contribute to the rise in the price of its currency!!!

As far as I know, burning BNB tokens has become one of the agenda of activities that are carried out almost every 3 months and this is done to reduce the number of BNB coins in circulation so that it can encourage the increase in BNB prices in the market, so it's no wonder that currently BNB prices continue to rise because indeed the supply of coins is decreasing, and to my knowledge Binance has also burned 3,691,888 BNB in ​​January 2021 and according to the news circulating that Binance will continue to burn their coins, the remaining 100 million BNB or about 50% of the total available supply.

I think price is down because bnb pumped alot last week, so it's still correcting, maybe when it's done with the correction, then the 1 million burnt bnb hype will start then we might see bnb pumping insanely again, now seems like the best time to buy before it starts pumping crazily cause buying the dip is always a good way to make profit, but as usual our emotions won't let us and later we'll regret not buying bnb at the current price now.

BNB had around 8 or more burn in the bear market and there was no immediate response for most of the burn, however, Like CZ binance tweeted it took just 3 months to achieve more than 12x in price. BNB asides ETH as exchange coin has the higher used cases, the growing BSC decentralized exchanges, Initial Exchange offering and blockchain adoption is showing a remarkable impact in the bull market

After this burnt i think the price of this coin gonna be sideway for a momment or maybe it can be drop in the next month because of the US TAX.

But i still believe BNB can reach $1k in the end of this year.

1million BNB burned is a very large amount in total actually, where most of the holders for sure are expecting increase in terms of its price value, but why the price a couple of hours ago was dumping the price,in which is really astonishing for the holders like me, but even is like that, I know fpr sure that it will spike the value at any moment, just hold.

Desk the fact that there was a recent burn, the value of bnb has not experienced any substantial increase, I believe it's because the Market is quite saturated and there needs to be a pull back. Bnb has been on a steady increase and there's no doubt that the market correction may come soon.

The supposedly increase in price didn't happen. Maybe the impact is not yet seen today, but in the next coming days. But such amount is really huge already. And if they will continue doing this, their value will really get high. They are already in the 15th burn and see how much they are now today. Very lucky for those who are holding BNB, even at the start of the year, it was only about in the $40s level.

The burn effect is felt until now BNB has experienced a very hard surge. this is possible that BNB can become one of the top altcoins that have good potential in the future and can compete with ETH in the altcoin position

We have more examples coins are pumps after some millions coins has been burned and Same thing Will be applied to BNB also but there is more chance to BNB coins because the BSC and other things are helping more i hope BNB will be reach 1k soon.

That actually makes a lot of sense and binance's BNB burning was exactly using buyback method which means they are buying coins off the market that cause market pump before the burning actually done and it's quite different to some of other altcoins that burn from tokens that were allocated for development team or airdrop etc. If any, I could guess that the buyback of BNB was done when CZ trying to shill for his own coins hard and says that the price gonna surpass ETH but I think right now BNB already past its bullrun and probably gonna head to bearish market since I've seen in various discussion people have been calling it as overvalued etc or the price will just doing sideways for few months and then continue to pump due to the frequent burning.

That $1k is coming, I believe in that too! Simply Binance is doing so much, they are so active in all fields! As we can see, even with this rise, they don't have problems with stuck transactions, and transaction fees. From time to time they are burning coin, they make a supply lower and lower, and demand is getting higher! I would say it's a good recipe for the future price rise!
It's not like BNB is not in a bullish trend for quite some time, and by looking at what they do, that bullish trend will not end so soon!

I know, the answer is corpses strew the crypto field,haha. That is very irony, is it right. When everybody thoughts BNB burning is a good news for crypto market.
But this is the charm of the crypto, no one can peidict.

Usually traders sell up some assets to buy BNB as the burn approaches, anticipating a price pump. Once the burn happens, those traders sell up at a process(thus the dump) and buy up their assets probably bitcoin

There is a lot of news circulating about this on social media, but for now there is no influence on the current price of BNB even though BNB has burned some of its coins
for the next few days, the BNB price will continue to fall until the price movement begins to stabilize and will improve the current BNB price which continues to shrink.

How long in advance does Binance announce the BNB burns? Does that happen on a regular basis or every now and then?

If it is every now and then those with that insider information definitely have an advantage over the rest of the market. Why don't they have a fixed schedule?

I don't think so. Binance already proposed the token burn on its early roadmap and binance wants less coin to be spread in the circulating supply. That's why CZ is always burning more and more BNB.
Remember if binance was also buying BNB from the market and that will decrease the circulating supply. CZ wants only 100 millions BNB available in the market.

It would make a lot of impact specially in price. Maybe it wasn't showed in CMC and Coingecko and not all realize that but I guess within the week its price could rocket.

Burning coins, reducing the availability of stock circulating in the market, that is the old way that is still used with the aim of increasing value, that's what they expect, but the risk also remains, where the desired result is an increase but what is obtained is a decrease because market interest is reduced , maybe BNB is burning coins, definitely their hope will be a significant increase in the future the effect of reduced supply and increased demand.

The decline in Altcoin prices that is happening now including BNB is a result of the correction that occurred in Bitcoin, so that market conditions are starting to look red, but in terms of BNB prices I see the decline is not so drastic either that the potential to continue to experience a pump is clearly very large.

Binance's routine agenda is to reduce the supply of their tokens in the market to support the increase in the price of these tokens. As for after the burning was carried out, the price of the BNB was lower again due to market correction and the price increased again after the market correction occurred, the investment in BNB was very profitable.

I think the main objective is not to increase the price. This is a market control that the Binance developers are doing very well by creating a BNB coin that people will always be looking for.
they created BNB with the condition that there will always be an increase in adoption in the future. Their developers are really very smart already planning their market very well.
because for those who know the potential of BNB. then 2-3 years ago. they would never sell BNB at such a low price.

I am happy to hear from this BNB token burning. because the purpose of this burning is to provide stability to the price of the BNB coin itself.

Yes, but there are also other goals that are more specific in my opinion, namely for the sake of a sharper increase in prices in the future, because when the circulating supply has decreased, the price will be even more expensive.

That's right. I like projects that burn their token to increase and protect the price of the currency in the future. With this burning event occur quarterly in Binance, CZ really commit that the price of BNB token will go high every year. Doesn't matter if they burn about cost of $595 million but they stick to their plans and it's also for the future of Binance. We expecting that BNB token will go higher since the only 15.3% of the total BNB has burned now burned and their committed to burn half its total supply.

I think the purpose of this burning is to reduce the supply of their tokens in the market, and to support the process of increasing the price of BNB, of a course this is very good to do to adjust the number of coins in the market, with the reduced a supply of tokens it will make the demand increase, I salute by a creative BNB management to build the binance development,

Yes, and the burning of BNB tokens was not only carried out this year, but in previous years there was also so that the results can be seen and felt by the current BNB holder, obviously this work is extraordinary because this is also for the sake of safeguarding the BNB token remains valuable in the market.

The combustion increases the scarcity in the midst of increasing demand, as a result increases the value of the BNB and prevents the price from falling, that's their speculation, we can only hope the plan goes smoothly.

I am really a fan of burn, but it's necessary for some road map and price upward action. The burning of this 1M BNB could send BNB straight to $1k when the market gains stability again. I am going to hold on to the few BNB i have left.

The recent price pump in BNB token is as a result of buy the rumour and sell the news, this has been priced into the price again anyone buying expecting the price to go up now is going to lose money short term. I am very bullish on the tokens long term but if you think this burnt is going to affect the price after announcement then you have missed the opportunity

I don't think the effect on the burning of BNB coins will be immediate, BNB will adjust prices and the market in the future and will require stages. the most important thing now is that we can try to see the great potential for BNB in the future very clearly

Not worried.

That's the normal scene that we have to see every burning. The effect won't give you a fast response as if it's an instant effect to its economy and market.

Yesterday, it was under $500.

But today, it's now $530.

not so, it all depends on the demand which is also the request is influenced by the related project business model. We know that BNB is currently not only used to reduce trading fees on Binance, but BNB is also used to make contracts on the BSC Network, which is currently a lot of demand for BNB because the Ethereum blockchain network is not at its best, well transaction fees are expensive. hampers most of the activities on the Ethereum blockchain network.

and the burning of tokens makes the price even crazier and is predicted to continue to rise because many people still need BNB

The market recovered and almost all of the coins are showing signs of recovery and so is the reason BNB also recovered from the slump which took them below $500 and the burning of coins will show its valuation in due time. I am not sure how long they will be burning the coins as they have premined a hell lot of coins, so lets see how this will change the valuation in the next few days if the market is still green.

All that burning and price didn't actually improve, though! I mean, of course now markets are recovering and alts aren't far behind in improving from their weekend standing.

But BNB has always been burning supply regularly. Not sure if the effect will always be evident with every new burn.

Meanwhile, NFT markets I see on BNB are spiking.

The exchange rate hasn't gone up because BNB is already overpriced. During the last few weeks, the prices went up by manytimes. On top of that, Coinbase had a rather disappointing listing last week. That will have some (negative) impact on the BNB prices. And worse still, COIN may dip further today, due to the bloodbath we had in the cryptocurrency market during the last few days. And again, this will put a lot of pressure on BNB.

BNB is trading near 0.0092 BTC right now and I guess that has become possible because of continuous burning process. They already got real life usage for BNB coin and they are regularly emphasizing about holding BNB coins for VIP status for the traders whoa re active in binance exchange and when they are doing multiple methods to get more value for BNB then I guess it will someday beat ethereum at least in BTC values (currently ethereum is trading near 0.04BTC which is 4x more than BNB) if you are calculating marketcap is something completely different one.

Still I don't like that there seem to only be rumors upfront about burning. Does Binance not announce in advance when those burns will approximately happen?

Of course it will have an effect on the price of BNB in ​​the future, because the amount has decreased but the demand for BNB continues to increase, the price will increase, that is the basic logic of the economy but of course there will be other factors that influence this.

I don't know if you can call staking and Defi and NFT thing as real life usage. When the hype for NFTs die down, when Defi becomes possible for cheap again on a more secure and more decentralized network (ETH 2.0) I can't see where else Binance can go.

Again, I've been proven wrong by Binance time and again so let's see and find out in 2022 where BNB is.

Today, the main problem with Ethereum is high fees, and in the near future the situation can really change for the better. Defi may not be as active and therefore the throughput of Ethereum will increase again, and after the final phase 2.0, the developers promised to reduce commissions. In addition, some of the commissions will be ignited, and this, in any case, will have a positive effect on the pricing of Ethereum.

They’re only burning approx 1.3 million out of a supply of approx 170 million, not even 1% I doubt it’ll make much difference
burn is term for some coins are lost forever  and stored in a cold wallet! any crypto produce an virtual gas that get burned within transaction! but do not confuse burn with denomination! these are very different !

It's the same, when people make more and more people look for BNB, at that time the price of BNB is getting higher, meaning that BNB is getting rarer, the price is getting higher. that's why my statement on the thread above which says their goal of burning 1 million bnb is to increase the price.

Probably, I will express my humble opinion here. Binance, as a separate commercial project, is a very successful enterprise and with its multi-financial functions it attracts a lot of new users. So why am I saying all this ... perhaps if someday there is a global fall in the entire market, it will be directly through problems with the Binance robot. I am afraid that in case of some irreparable problems with the exchange, the market will simply suffer a huge collapse...This must always be remembered.
Do not think that I am causing panic. I just want to discuss this topic;)

It's kind of the only real problem that anyone else understands too, actually. You could argue that PoS is also a security issue but most users, myself included, feel that ít's secure enough to trust. Also the old problems of decentralization we feel are partially taken care of.

As I said, and yeah, once defi loses hype people return to what they know and trust is decentralized. That means ETH enjoys the dapps coming home.

Binance is an altcoin that has great prospects in the future, especially now that they have burned approximately 1 million BNB, of course this is a very positive breakthrough, because with the reduced supply of BNB, the price of BNB will be able to increase in the future, hopefully  This burning can provide new hope for BNB to continue to compete with ETH,

Well I guess that is different today because the price of BNB you most admit has gone back up to currently trading at $600+ now. I believe investors wanted a quick price reaction to the BnB burn but even in Bitcoin Halving, the price don't just change like that I guess. I believe BNB is still in good shape and looking to hit that $1k price by year's end. ;)

I would rather think that this sudden increase, from 460's to almost 600's is due to the BAR (Barcelona) token which will be tradable today at 13:00 pm.
But BNB future is still bright, I believe also it will reach the 1000's by end of this year, it's a strong project.

The logic is like that, after the combustion process is carried out, the supply of BNB will decrease in the market and become increasingly scarce. In the coming months we'll see a new BNB hype, I am very confident with BINANCE coupled with the increasing development of BSC. BNB is one of the best crypto assets to be reckoned with, Moreover, after the burning is done we will soon see BNB reaches new ATH.

Token burn in theory should lead to an increase in price of the token due to a decrease in supply, however i font think this has always have an immediate impact on price as we all anticipate
In the long term there will definitely be a price move in correlation to this burn, but i really dont see it happening in the short term

I think what you expect by increasing the price of BNB will definitely happen, but we are just waiting for the right time for the price of BNB to continue to increase. from several media that I have read that the BNB is working hard to provide security for its users and the BNB is working to continue to increase the price of its tokens. therefore I believe the BNB will be better for the future.

The aim of this burning, in my opinion, is to decrease the availability of their tokens in the market and promote the process of raising the price of BNB. Of course, this is a positive thing to do in order to change the amount of coins in the market, as the decreased supply of tokens would raise demand. Many people are familiar with BNB, as it is one of the most common crypto currencies. The current value of BNB leads me to conclude that it will continue to be useful for a long time. The factor that makes us enjoy it is the fact that its worth rises. This will undoubtedly become a well-known and in-demand coin in the crypto industry.

I think burning coin is good and worth how to make price pump but you need to check beside of burning coin developer of BNB unlock billion coin, maybe is not all people know with this way because not publish and give positive side exactly BNB burning. You need to check how much BNB supply before and after burning, if you see supply deduct is real burning but without deduct and have the same supply BNB have make unlock coins.

More burn gives rise to more price pump because the supply will reduce, however I would say that in most cases coin/token burn do not have any positive impact on the price and this is seen in cases where the project in question is not a strong one. But for a platform like Binance where the CEO is an expert in bringing more features, even at the mention of the BNB burn it drives a little fomo or hype which then results to price increase.
Before now, many platforms used to leverage on this token burn to pump their token price but since they do not have what it takes to grow or lacks good use case, the token burn ends up not having any positive impact. Lastly, buying a coin just because of token burn is not really a good idea in many cases, unless the coin/token in question is really a good one like BNB.

BNB coin is a type of ERC-20 token that runs on the Ethereum blockchain and has been launched since 2017 by Binance Exchange. BNB is different from ETH, which has Burn Coin feature. The goal is to maintain price stability in the market. This is done bnb every quarter.

I like with the Binance project roadmap that burns coins every 3 months, but how long, it seemed like only CZ knew.

Coin burning feature usually done to reduce deflation and increase the price of coins along with a decrease in the number of supply coins, in the future we will likely see BNB prices reach $1k or $2k as more and more new projects will require BNB to be able to use Binance Smart Chain.

I recognize BNB's tremendous performance but personally feel it is momentary, I believe it has enjoyed known issues in ethereum in a bullish market.
I think even supply reduction procedures will fail to stabilize the value

There has been a really awesome pump in the BNB price so far. But still it is not at a level that I expected. While we are seeing ETH reaching new ATHs over and over again, I expect BNB price to do similar things also. But I believe that its next price boom is imminent also. I expect it to reach $1k this year.

Raise above $1,000 maybe easy for BNB coin and now have close with $700, how ever without any bad news from bitcoin maybe have good thing for BNB coin can raise to higher price. I think BNB raise above $2,000 maybe on two months later and have great chance with new promotion by CZ, but keep waiting will bitcoin have correction price or not because many time when bitcoin down all altcoin keep going down.