Bitcoin Forum

There's something that came out into my mind, it's about Binance, I have been seeing people's comment that they are very positive with the future of Binance so I came up with an experiment which I plan to do it soon.

here's what I am gonna do, I will invest on BNB worth $2000, hold it, and just sell when the price of BNB will reach at least $1,000..

What do you think about this? is my target realistic?

50x increase is realistic IMO, why? because it has been achieve by other altcoins in the past.

BNB's ICO price was $0.15 according to my research so at its price, it has already grown 50 times but its also possible that the growth will continue.
ETH on the other hand is a good coin too, and it's one of the most successful coin which has reach $1,000 from an ICO price of .30 usd so this could also happen with BNB over time.

---

made a research on their respective ico price in google, please correct me if that is not the ICO price.

I've heard BNB ICO price was $0.1 according on this site too.  https://icorating.com/ico/binance-bnb/

So with current price of BNB, The price has been grown more than 230x since their ICO price. Not sure if BNB would be hit $1000, but it could be happen when their total supply only 100million tokens.

I think not, it will be too much a price, I believe in monero more

BNB can reach $ 1,000 I think it's still too far let alone your investment of $ 2000 in my opinion in drawing conclusions in reasonable profits, because BNB is a future coin with lots of positivity and a lot of talking about it but I only think it will reach $ 50 in the near future .
You investing in BNB will be better than other altcoins.

Sounds like a great plan to lose $2k
You do realize that if BTC were to go up to its last ATH (20k) tomorrow, which would make other cryptos skyrocket in value, BNB would go up to around $50?

1k is completely unrealistic, but if you want to wait until it goes up to 1k, then sit tight because by the time BNB touches 4 digits, you could see the last Bitcoin being mined (:

Realistic enough, but this takes a long time. When Binance continues to develop and the exchange continues to be the best, I think it will happen like the rise of Bitcoin and Ethereum some time ago

At the moment, that goal is unrealistic. But no one knows what will happen in the future, this market can grow and BNB can reach $ 1,000 as you expect. Just invest and wait, you will surely get a profit and the profits you receive are more or less depending on your patience

Current price of BNB is $23.92 and reaching 1000x would be 41x more into its current price which is somewhat realistic compared to thousand.

But the big question is that it wont really be that an easy journey yet we wouldnt know if Binance would able to hold up its current top position and dominate
the exchange market.

You can hold as long as you like but if i were you better to sell it off if you do see chances on profiting.

That is too much expectation with BNB. I think it is a better idea if you will sell around $35—$45 because that is more realistic.
There is a better chance that you will earn more with that $2k to bitcoin than BNB.

Thanks for your comments, I appreciate that, good or bad, that's what I need to evaluate and make a final decision.

---

I think it's still possible with that high supply.

ETH's ATH was $1400 with with 109,756,848 ETH   circulating supply, while BNB has 155,536,713 BNB in circulation so $1000 is still possible if BNB will reach the same success as ETH had.

 

how long can you hold it ??
Your target is too big if you look at what has been achieved by BNB at this time.
but it never hurts to try if you are able to hold more than 5 years from now because no one knows for sure where the wind direction in crypto is in the future.

it looks like $ 1,000 isn't a realistic price for BNB right now. even to reach the price of $ 100, I think it will be a long time to come. however, competition between exchanges still exists today, and we do not know how long binance will maintain its popularity. if binance continues to grow, there is an opportunity to see the price of bnb to be higher, however, I still doubt it can reach $ 1000.

Why do you set your targets on usd? Why not in btc pair? Surely everything dives in btc pair even when they would rise in usd on the next bull run. Question is, what would be $2000 worth of bitcoin / $2000 in bnb in the future? Planning like that could help with your exit plan.

BNB reach 1k? You're either joking, have too much money, or are like most other altcoin sepculators here and live in a completely different reality from everyone else. I mean, sorry mate, but in what world will BNB ever reach $100, let alone $1000?

I hope this is $2k you can afford to lose.

Like it or not, there are really people who are too optimistic towards the future on a certain thing without even thinking twice if those prices are achievable or not. $100 is already hard thing same as you said
how much more on 1k? Unless if there would be a ultra hype that do happen on BNB then reaching $100 is plausible or even 150.Its better not to think too much into this possibility
because it would rather be a stressful thing on waiting for something which doesnt gonna happen.

It's ATH is around $40, and current price is around $24. So to be able to achieved that $1k goal of yours that would be like 50x of the current price. Well it was achieved by some Altcoin in 2017 because of the ICO craze that time. But as the market and investors matures overtime, we might not see some altcoins reaching that huge growth, just saying.

You made a good decision to invest on BNB but I think your target price will take more time and not an easy way to hold because of many temptations. If BNB continues to develop new things and improve their exchange system then that price is possible. I wonder what would be the price of bitcoin if bnb reach that level, you can diversify your investment if you want more growth.

Yeah indeed the target is too big in my opinion so it will be difficult in a few years the target will not be achieved, I think BNB has done a lot of rapid development but the price so far has still not touched $ 50 that means there is still a long process of time to make growth that price.
It's true that investing in BNB is no doubt there, I think your profit target of around 20-30% will be better.

The idea itself is very wise because BNB will be used forever as long as binance exists and binance is such a huge company at this point that I do not think it will ever go bankrupt, however the target price of 1000 dollars looks a bit odd, I am not saying it will never happen, between inflation of regular fiat and the burning of bnb time to time, I am sure bnb will be 1000 dollars one day but that may take a lot of years, like 5+ years to ever have a chance to happen, which is why I would highly suggest you to drop your target price.

Right now, the price is small enough that if you adjust your target price to 100 dollars you could still make a lot of profit. So, go ahead and buy bnb with 2000 dollars that I would support but I would say sell at when it is 100 dollars.

Can you wait for BNB to go up to $ 1,000? The current price of BNB is $ 25 and it may take years for BNB price to go up as you expect, investing in BNB is a good choice but don't set the target too high because BNB is not Bitcoin

Investing $ 2000 for BNB is a good decision, but with a note that the money you use is money that you don't need in the future and specifically for investment.
It is not impossible that BNB can reach the price of $ 1000 in the next few years.
BNB A fairly strong cryptocurrency that is supported and developed by Binance and is currently ranked in the top 10 CMC.
If the increase in volume and the BNB supply are reduced then $ 1,000 dollars will be achieved.

But waiting for that to happen will certainly require a long time and requires development that must be even better.

The current BNB price is $ 24. When compared with the ICO price in 2017 which is $ 0.1 / bnb, the increase is also remarkable.
Binance exchanges make BNB coins stronger and more and more users are investing in BNB coins.

That sort of increase would give BNB a market cap similar to the current bitcoin cap. It's probably achievable, the question is whether other coins will grow more.
I would say don't put all your money on that bet. If it's a fairly small fraction of your total however, and you are confident in BNB then yes, go for it.

I have positive feeling on Binance coin that will increase more the price in the future but reaching $1,000 price, seems it takes years to happen because as of now the price of Binance coin is around $23. I guess if you are willing to hold for long term then go on buy it now.

As in 1 price of bnb per $1000? The price I think could be not possible considering the market status now. I'm no saying this is impossible but if youre gonna be on that amount I think even btc price would be defeated in terms of marketcap and volume. Btc ia traded how many times compare to Binance and youre gonna need to exceed their volume just to topple this price. But holding a huge amount of Binance will surely give you a nice profit yeara from now. As Binance will surely top the exchange business.

Yea and remember when ETH also have unlimited supply while BNB will only has limited 100million coins as their total supply. If Binance exchange could maintain their performance like this, that coin would be much higher in the future

You can do that, but you need to have a strong hand to hold that coin because your target is too high, and we don't know if the price can rise fast in this year or the next year. I think that is realistic, but you need to think twice about selling BNB in the $1,000 of the price because that will happen a long time. But we don't know the truth, and who knows, that price will be reached in the next bull run. If that happens, then you will make a big profit, and I am sure that you can get a lot of money from BNB.

I hope that you can have big patience to see BNB will hit that price because we don't have the right information on where BNB can increase and hit that price.

BNB seems to be a good investment, nevertheless it needs a crazy growth to get to $1000... It really depends on the whole crypto market growth and the period of time you are willing to wait...
If the crypto markets keeps on growing and government coins don't end the dream, maybe in a couple of years we can see coins like BNB reaching $1000
Hope for the best  ;D

$1000 per token? That may take years, do you have your goal or maybe a timeframe for yourself? Or, are you just going to wait for it until it reach that price? You might need to forget it first and be back after a couple of years.  ;D

I think the target is too far, indeed everyone has their respective expectations it's just that for me it's a little impossible because the total supply of BNB is quite a lot and it takes how much the total marketcap for BNB to reach that price. I think the target of 100 $ is enough to touch that price.

Waiting for BNB to increase $1,000 will need a long time because the price now is still at a low price. It could happen if many people have an interest in the coin, and they are buying massively and hold it for a while. But if you can hold it until the BNB price can increase, then you don't have to worry because I think the BNB price will be increased and decrease many times. I suggest you move BNB in another wallet, so you don't have to afraid because of the volatility price of the coin.

yes your right  . people give positive reviews with this coin and id say they are right  because that is what i also observed  but your idea of putting 2k usd seems too much if i were to ask  . the bad part is that your expecting for so much return for this coin  . cant lie to you but 1k usd value per one of this coin is crazy  . not saying others are not but even btc also recieve some outrageous predictions and i also totally disagree with them  .  all i can say is lower your allocation from this coin and lower yor expectation too . peace  :)

Perhaps I will express an unpopular opinion, but I think that investing in the BNB is very risky. At the moment, this coin has exhausted all growth drivers. Those innovations that Binance produces are more and more looks like a fake. Plus, Binance has already announced/done almost everything possible in all areas - own token, own DEX,  own stacking, margin trading etc.
What should happen fundamentally new in order to attract new interest in this coin?

They still have something which is burning season that could fundamentally increase the value of their token. But despite that,
I have the same opinion as yours about their growth at least for now.
As long as BNB coin remains a platform coin, there will be a limit for its growth no matter what. Unless they are making a new goal and breakthrough technology that can compete with other platforms in technology and other industries.

It's worth risking since the value of binance coin will always be able to bounce back regardless of dump since they have so many projects and users needs to have BNB in order buy which will automatically create demand and then they have lottery sale system wherein we need to hold certain BNB in order to be a part of sale thus it will maintain stability as well. I would suggest you to go ahead with it.

I don't think Binance would allow the coin to reach a price that high. It'd make its utility pointless. You need to have a portion of it to save on fees. Without being able to buy a decent portion of it affordably it's all pointless. If the price was reaching that high, I'm sure they'd issue a new coin which would surely negate the price of the older one.

I think the price of BNB could have reached $ 1,000 but that if everyone in the world already knew and used crypto, and that would of course take a long time

I don't know how much higher price for centralized coin, ok I just wondering am I wrong to say bnb is centralized coin? Because there is party who managed it. Now binance coin is traded by $22 base on coinmarketcap and have touched an all time high around $35 a year ago. Now you will have an expectation that its price will touch $1000, maybe it could but have a long time also if there is no bad happen into binance exchange because when there is something bad coming into its exchange I will doubt the binance coin will still exist on this cryptosphere.

And with this in mind, there always remains a risk that is inherent in centralized systems: if something critical happens, then the whole ecosystem collapses. Where there is no decentralization, these risks are significant. In the case of Binance, the risks are very high - since this platform constantly “runs” in different jurisdictions. Sooner or later, regulators will “catch” it.

BNB at 1000$ is quite impossible. This prediction is very related to them who thinks Bitcoin will hit 1 Million USD. Mate, I think you should cut one zero from those three, then that will be perfect for BNB to hit within the next 3-5 years! As you are doing this for an experiment, you can do it, but personally, I think BNB will hit 100$ by maximum!

Then again ETH and BNB are nothing alike. While i wouldnt surprise for me at any top coin to have 100x marketcap on the next bull run, bnb has too many problems related to centralization. If binance cex will get in trouble, that will definitely affect bnb price a lot. Binance DEX will not save it.

How much years will take to reach your target i don’t know but at this time it’s too much unrealistic decision. Because your target is 22$ to 1000$ which are not realistic at the moment. And you know it’s risk levels about this 2k$ investment what happen. Your goal will ultimately fail, I don’t think BNB coin able to touch the big target.       

The current price was $22 and all time high was $39 i think you should be more realistic to see BNB price of achievement because price target to $1000 seems near to impossible although most people says BNB future looks bright but don't mean the price will always be increase but if you can reduce your target of price lower than $1000 then i'm sure you will reach your target but i think long term is mandatory to see BNB price higher than now

That is not impossible as long as BNB keeps growing its price, OP does not mentioned a time frame, he just mentioned a specific target which was achieved by other crypto assets already, so IMO this isn't impossible and unrealistic, what is only needed is patience to hold til that time will arrive.

Binance DEX is a parody of DEX  :)
On the one hand, it’s good that Binance is trying to get into every area and make all the popular products, but taking into account their centralization unsolvable contradictions often arise. And Binance DEX is the most striking example.

I don't know how long the OP will hold on this, but to achieve the target he wants, it seems to require a great spread. besides, I think that this is just an experiment, so when the price doesn't match what he wants, it doesn't seem to matter. however, given the current situation, the price of BNB is likely to increase, and although the target is not achieved, I think he will benefit from it.