Bitcoin Forum

Binance coin or known as BNB coin will begin their 16th token burn on this month (around mid-July 2021), last year, they have running BNB burn for 12th on July 17, 2020. Will you buy BNB now or just wait and see because market still looking not too good?

If the amount of $ burn similar with previous burn, it's mean they will burn around 2 million BNB coin worth of $600million

I am buying BNB as much as I can afford as I believe this coin has great potential over these meme tokens/coins. If btc will continue to rise a lil bit, BNB will also follow the trend. And with the upcoming burn, I believe it will have a positive impact on its price. We may not see the big rise, but definitely the burning will have an effect on its value.

There is nothing to wait for the result as it surely helps to increase its market value just like what happened last time.
Or even to say that we are wrong but knowing that BNB is known and one of the promising coins, I think we are still secured no matter what will happen after this event. But I was positive with the result and that is why I take some while the price is cheap.

i already have BNB in my binance account and i bought it at 280$, regardless of the upcoming event of burning, but to say that i would buy more, i don't know about that, but i don't think it's risky though, BNB right now is following bitcoin, if Bitcoin goes up, BNB will too, but the upcoming event can make a slight difference, i am looking forward for it.

This morning saw BNB price in the range of 305$. Please buy more, while the price drops. Possible in the middle of July or the end there will be an increase along with the rise in the price of BTC.

Though Market conditions are not so conducive since past 2 months for new investment but BNB is still above 300$ whereas it was around 50$ one year ago that means still 6X that signifies its usability and demand in the market. The burning of BNB worth $ 600 Million will definitely create scarcity and boost the price. I think it is time accumulate good coins including BNB which is available at 50% discount from its ATH.

Dude, all crypto obviously following bitcoin, doesn't matter it's good coin like BNB or ETH or shitcoin like Doge. Since bitcoin is main coin on crypto, all other crypto will be always follow it.

When bitcoin hit above $55k, binance hit more than $500. Now when bitcoin drop to $35k, binance drop too around $300.

I bought it yesterday. I'm sure the burn this time will make the price of the bnb go up again. and why wait for a better market, if we believe even bnb will go up. buy now is a very right choice.

Now is the best time if you want to buy BNB and invest your money in BNB.
The current price of BNB is still $312, I'm sure after the burn, the price of BNB can jump at least $400+, we just need to be patient for now.

I think this news will create growth momentum for BNB in ​​the near future.
I also think that if this market gets better in the future, it is very likely that BNB will create other surprises. But anyway, I personally always rate BNB very well and deserve to be one of the top cryptos to hold.

You are discussing like something extra ordinary is going to happen after BNB burn. Anyone remember that before and after BNB burn the price went up for more that 30-50%? Not even speaking about doing x2 at least? The answer will be no. This is already a 16th burn. BNB price might grow up for 1-5%, not more. But such price growth happen almost with every Bitcoin price growth. Personally, I would not buy BNB just because there is going to be another planned burn.

Qouted. I'm not, i just disscussing about BNB price before and after burn, where is the part i said it extraordinary would be happen with BNB on this 16th burn?

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Personally too, i don't think everyone will follow your way to not buying BNB.

Burn will be -planned burn, ok but that is not most important factor why should buy more BNB. All market moves and situation this year showed us bnb have potential to become stronger then ever before. People saw BNB coin strengh and this 2021 will prove it I think.

I already bought BNB below $300 but I want to buy more BNB if the price still not increase. I guess the price will increase and hopefully, that can break $400 after the burn. This price should be lower but we need to analyze if this price will be a good price to buy. However, you can buy directly without thinking about the fluctuating price because BNB can increase in the future. If you are worried if the price gets dump before the burn, you can buy for a small amount.

I don't plan to buy more BNB as I have rather low amount (like 1.2 or something) but I think BNB is always good buy for future in my opinion. There are no other functional coins like BNB (besides Ethereum) on market. Its worth to buy then.

BNB is always a good coin for me and any drop in price I prefer to buy little what ever suits my budget. It has definitely being one of the best investment coin where returns has being really nice in past year and also it is going to rebound once the btc gets above 40k and move upwards.

Bnb is a good project if they will burn some of their token for a good progress then i will grab more in my portfolio immediately just to don't miss the opportunity.  Because it's common now that after burning they can obtain attention from buyers wherein reason mostly projects that burned token really improve afterwards.  So how much more on BNB? For sure its a good idea especially on this situation.

I'll wait before buying. There will be a positive impact on every single burn that they do and that's going to be accurate as the last year but it's still best to observe before buying. But for someone who's really into BNB, this is a good indication and clue already that you should buy.
And if you think that it will surpass or reach again the ATH of it, you're seeing it right now at a discount.

I don't know maybe this won't have a big impact if we look at normal market conditions even on a downtrend, but what I also expect after the BNB burning in mid-July wants there to be a bigger reaction about the increase but for me I will wait and see the news of what happened to other BNB holders, there might be something positive but it doesn't have an impact on the increase it could.

Even I'm not sure after burning it will go beyond ATH this is far from a possibility but an increase could go up 10% from the current price.

I still dislike that they don't announce those burns sufficiently in advance with the exact date and time. This way the Binance guys can always use these burns to their advantage or am I missing anything here? They should have a fixed schedule to give everyone in the market the same chance to make an informed decision on their own.

BNB is a very good coin with high expectations of hitting a very good hieght before the end of this year. This is an opportunity everyone of us need to embrace before it's too late. I have a target of investing more in coin before it bull run continues. The plan to burn more of BNB would really help it to have more value as this would really help in pushing the market price as investors keep on going for it.

It is not about burn or not, I am already buying BNB without the burn anyway. Plus people are forgetting that burns are not quick ways to make money, or a reason to even increase the price, it is a very long term thing where people will be able to make money based on lack of supply eventually but that is not today.

With the burn binance is burning their own bnb so that means it wasn't already in the market, it should not matter to market and change the price because it was already gone and stored somewhere and it wasn't impacting anything, it was as well as burned at that point so this doesn't change anything today. What it does achieve however is that in the future when we want to buy BNB there will be less available so we all will be trading BNB that barely exists and that will make it more scarce and more valuable, that is just how supply/demand mechanics works.

Usually i would wait after the burn for me to buy on the dip because on pre-burn news or events on where hype is usually created then it would really be resulting into those high prices which means
you would likely make yourself get caught on the peak in that case because accumulation would really happen when people do really hear out these burning or listing events which are mostly
been eyed for and investors will typically be getting in before the pump happens without knowing that this isnt always the case because pumps do usually happen first and then dump
after and thats the right time to get in when you are aiming for cheaper BNB.If demand would retain or increasing then expect value would rise up.

I would buy even though there's no burning happening because bnb has the bigger potential to grow even better. When that plans of burning would happen, that helped our holding be more valuable and I believed price would increase. This will bring positive outcome for entire bnb market as well other trading pairs associated with different coins.

This is the reason why fomo exist and eventually someone will make a profit with this, although I can't really tell when will be the dip going to happen but once that happens I'm sure the price would be different from what we saw when it's in a bullish trend. Most of these burning token don't have an immediate effect which means it should take some time before it starts to rise up the price again.

But I don't think it will go back to $600+ after the token burn and most likely the price would stay at the $300+ or $400+.

BNB just like BTC is pretty much in a range and you play the range until it breaks out one way or the other. The top of the range is the prior low which is $430 and bottom is $222. You can plot BNBUSDT and you can see that its very easy to trade this on the large D1 timeframes. However if you are trying to scalp it, it might be difficult due to chop.

Currently looks like $230 held, and now its in the mid range, so it can go either way. So not worth taking any trades. If it goes back to $430 try and short, and if it goes back to $222 try and long. If it breaksout, then reverse the trade. I am pretty sure BTC will also be at the range high and low when BNB is breaking downwards or upwards.

Is there any future potential of a higher price than ATH? Well depends on COIN in my opinion. Its been falling ever since it was launched on NASDAQ. If it recovers then I see potential for BNB and FTX tokens.

Errrr the man is just trying to accumulate and hodl until the price goes up from his buy price. Everyone is trying to gain something here.

The dip already happened. If you still don't think so, what would you call the drop from $600+ to $200+?

LOL of course! How could anyone not know of the price change.

Burning tokens coming from the popular altcoins like BNB, there's a huge impact on it because it's a huge coin already with an active and big growing community. Just like what we're having with bitcoin whenever there's a halving, the price surely shoots up. But you're also right in that matter that it might not have a big impact because I've remembered Litecoin's halving didn't gave that much impact as soon as it's done. Although it's also part of the bull run and got a huge increase but I don't think it's all due to its halving but only the market was in the bull run by that time.

Personally, I would not be in a hurry to buy BNB right now, but it is better to see what will happen after the coins are squeezed. Now the crypto market is too unpredictable and it is very difficult to make the right decision. But there is news that large players are actively buying cryptocurrency right now, which means they know something. If we assume that the crypto market is playing out one of the past scenarios, then it is likely that by the end of this year we may see another phase of growth in cryptocurrencies, but before it there is a high probability that the market is going down again. Of course, this may not be the case for this, it is best to closely monitor the current situation, so that, if necessary, you could enter the market or exit it in time.

for now it's different from last year, where the market is experiencing a correction and some issues are weakening the price, but every action is a choice and I try to hold on to an existing bnb and want to take advantage of price jumps in the seconds of burning and want to buy back after that when back market

I'll wait for this moment when the burning of $2m will happen, meanwhile I wouldn't prefer buying bnb. Even if this coin has an awesome future, let's not rush on things that aren't about to exist. Just think outside of a box, because you can see the effect of reducing supply when bnb price started gaining an expensive value.

I bought Binance coin (BNB) yesterday when it fell below $300 USD, I thought yesterday was a good opportunity to buy BNB, considering the token burning program will be taking place this month. BNB coin burning program always has an impact on BNB price, So don't miss this opportunity.

Price always increase exponentially as the amount of circulated tokens decreases this results increase in price. It's definitely one I would keep in my portfolio. It's difficult to tell by how much price would increase given it is above $300..we can be sure that it will increase just not how much in percentage.

- Agree, the market is on track to decline at a record high, although the last few days the recovery signals have been triggered but the parameters are still not optimistic for a rebound season and this partly affects the movement of altcoins, so the burning of BNB will not be able to predict the results to come. Investing in can also be good or not, located in a position where there are not many such opportunities, it is better to stay neutral to see the development of the scenario.

What people are not realizing and only a few talked about is the fact that this was not money in the market being sold, it should not impact the price at all. I personally bought enough BNB these days, for the past 1.5 months I have been getting more BNB and ETH and BTC and that is what I could do during the bear market, it allows me to collect more bags now that can turn into profits later on, this is how rich people got rich and I hope to do the same thing to get rich.

However I just want to buy some other coins as well, I can't say that I will buy a ton more, but I have other altcoins that I haven't purchased too much yet, hopefully I will end up buying some more of those, I have around 20-25 coins that I invested at peak times, I have dropped the purchasing average of nearly 4-5 of them and I want to do the same for the others as well hopefully, BNB average is already down to 440 dollars, so I doubt I will buy any more of it.

Actually the BNB was roam in the value of 600$,after a few dumps it reduced to the the new low of 300 dollars and it's stuggling to get into the good value above 450 dollars.But it won't happen in the single day.I had some bnb and waiting for the 400 dollar mark.Holding is only tool ,I had for now to get profit.

This will potentially have a huge effect on its prices before that be going to happen, to buy more at this time while the price is a little bit cheap is the best thing to do. As we can see, BNB is currently at $300, might after this burnt will double the price, who knows? But as I've said, there is a huge potential for the price doubled, and holding them until the next bullish season is a bigger opportunity for more rewards and profit.

There have been surprises in the past or better put maybe even expectable market conditions that the dump already started before the actual burn. If you ask me if I were to sell any BNB I would also do it before the burn. The burns that take place are also not that substantial and beyond that they are usually already part of the price building process.

it is now $334 as we speak. been following the price level of BNB and i can say, you can really get profit from it even at short-term holding. and with this upcoming burn, i believe it will have an upward impact to its price. this is one of the alts worth holding imo, backed by top 1 crypto exchange and now with their BSC platform, they are getting more and more users on board. bought some when it was 280+ and that was only like about a week ago.

Now the market is green shaded,so we can earn more by just holding the coin.BNB is good potential coin as like bitcoin,ethereum.Because the sustain of coin had a reason for bnb as like bitcoin ,ethereum.BNB also using as a fee for some of the transaction.So holding of potential coin for longer period is important to get a good profit.

For me, the time is very good to buy now, Binance token (BNB) is very good and will have a great future. In my opinion, its price is expected to reach more than a 1000$. There are several reasons for this first because Binance is the most popular exchange ever and supports BNB greatly through fees on the exchange Or through Binance’s network fees BEP2, BEP20. This gives a great practical value to the token and contributes to a continuous increase in its price, in addition to the continuous burning of tokens that Binance performs every period of time.
It can be seen that the price of the token has risen at the present time, while maintaining a good rank in the market, despite the large campaign launched by several countries to ban Binance. This, in my opinion, is a very strong indicator of the strength of the BNB token.

Burning always brings good effect (though not everytime) specially if we are talking about Legitimate coin like Binance BNB.

I am ready for the event as i have bought at least double digit of this coin recently and waiting for the burning to take place.

Don't you guys think or understand that the burn is mostly priced in already? If someone tells you with certainty that the house you are in is going to be on fire in one hour from now, are you going to wait until it starts burning down or are you leaving it right away because you most likely have no very important to stay until it's really in flames. Got it?

Of course, the burning of BNB is much awaited by many people,
and if true of course this is a good time to buy,
at least take advantage of the best possible opportunity to get a profit but it all depends on each person's decision

Binance regularly conducts burn once a quarter. The last such coin burning, according to their blog, was made in April 2021 https://www.binance.com/en/blog/421499824684901944/ , when approximately 1 million BNB was burned. As a rule, such burning of coins does not lead to a rapid change in the price, so you need to buy coins when it is at support, and not in anticipation of the next burning of BNB.

https://i.ibb.co/X4YN5fw/11eee85.png (https://ibb.co/9vZz4mM)

Compared to the current supply of BNB, the value of 2M of BNB is still insignificant and I don't know if it's enough to impact the market and make prices go up. Will there be other news in conjunction with this burning? If so, maybe something will happen. BNB will not become more expensive if demand remains the same. The psychological effect that if you don't buy BNB now you will have 2M less to buy later won't have an effect like last year. It is difficult to analyze this situation, what would be the price projections for BNB after this burning? Back to $600? Or maybe $1000? Without definitive floors, buying BNB now for no other reason is certainly not the best choice, but it's up to you to decide what's best for you.

I don't want to take risks, therefore I definitely buy BNB at this time, because I am afraid that if burn has occurred, then the price of BNB will increase and not go down, therefore I prefer to invest in BNB at this time and if the price of BNB does not increase, then I will hold and wait until the market recovers, because I believe when the market recovers, then of course the price of BNB will definitely increase very high again.

Currently, BNB performance isn't at a good level, but news of the burning may bring vitality. I am currently waiting for cash but if BNB comes around $270 I will buy. A dump may come again after the burning process, so be careful in commercial transactions.

how much BNB will be burned in this given time mate? or there are no specification and this will decided once in the situation ?

Anyway I'm amazed that binance had already making burning from time to time?

Not Good performance? what do you mean? Binance still seats number 4 position , and you called this not so good performance ?

lol are you kidding ?

It will reach $400 soon, but now, the price still below $400.
Maybe the increases will come after the event ends but before the event starts, I think people already have to buy BNB and wait for the rise.
But sometimes, the uptrend will not always come right time, especially if the crypto market is still sideways.
But for the long term, BNB price will increase because BNB is one of many potential coins that can increase in the future.

Yes, it all depends on the trend. And if it is ascending, then we will see the price of BNB, which will exceed all our expectations. But if the price of bitcoin drops to 20 thousand dollars, then no burning of coins will help in this case and the price of BNB may fall to $130-150.

Remember that there are people spending BNB and giving it to Binance every single day when they are moving it around. Those transaction fees usually do not go into anyone's pocket but Binance, and Binance is not known for selling their own coin to market neither, they usually hold it long enough that it becomes a burning material.

It means that the more days passes the less BNB available in the world, every single day there are less BNB available. And that is why I believe it is quite important that we should buy it if we believe it is a good coin. This only applies if you believe in the future of BNB because if you do then it means you believe in a coin that technically speaking will not exist, it will be all burned one day, and there will be very little amount left, it will be decades probably but it will happen, so it will keep getting more and more valuable every day for decades.

if I have a lot of money then I will continue to buy this token. BNB has always been one of my favorites, despite FUD circular a lot. burn this time will definitely increase the price of BNB.

The burns are quite substantial, but especially those with three million and even more were extremely substantial in relation to the total supply. What exactly are the intervals that Binance conducts these burns? Is there a fixed number per year or does Binance burn BNB as they please? How about then number of coins? Do they follow a publicly known formula?

The key is in bitcoin because if bitcoin can rise to $40k, that will help BNB to rise and hit $400.
But I do not expect to see bitcoin fall to $20k because that can put the market in a panic mass. After all, people will not think that bitcoin will drop significantly.
But whether that will happen like that or vice versa, we really need to be aware and still analyze the market to know how to anticipate something that happens to the market.
If BNB still goes down while the bitcoin price is not down, that will be the time for us to buy more BNB.

The burning of BNB will continue until 100 million coins remain in circulation. "The amount of BNB coins to be burned is based on the number of trades performed on the exchange within a 3-months period. So after each quarter, Binance burns BNB according to the overall trading volume" - https://academy.binance.com/en/articles/what-is-a-coin-burn On this page you can get full information about the BNB burning process.

BNB is worth buying and hoarding.  I will always buy it, preferably in the dip :))) In fact, BNB only really comes to light when BSC starts and the forming benefits of Pancake are too great to attract along with low gas, high speed.  fast transaction.  But in return for security, compatibility, it is still not complete, and the small alley SEPA has stopped from the UK is the challenge.  But I'm not worried and there's the final burn in Q4.

Much appreciated, thanks for allowing me to be lazy :)

Erm, ok, so the only issue that remains is that BNB is actually not a decentralized asset right? I have studied a bit how BNB works and what I noticed is that most investors, mostly small retail investors, think that they are holding a decentralized coin. But BNB is anything but decentralized. It is fully centralized, but benefits from the trust that Binance built over time and lives up to. Anything I am missing or understanding wrongly?

Yes, BNB is completely centralized. And it is for this reason that it will never surpass Ethereum. Although there are positive aspects to centralization,they depend on the success of the Binance exchange. It should be remembered that in case of problems with the exchange, and they will definitely come, these problems will affect the price of BNB.

Of course I will buy BNB, because in my opinion BNB has become one of altcoin that I must own and invest for the long term, therefore I will continue to buy BNB, especially if the supply of BNB will be low because of burn, then of course it has a very positive effect for the price of BNB in the future, because the price of BNB will definitely continue to increase very high, so I can get a big profit from investing in BNB at this time.

Thanks man for pointing it out so sharply! It is exactly the point that differentiates Ethereum from any other "competitor". Ethereum is trying to go full stack at all costs, and everybody realizes that. That is why people pay a lot to get their hands on Ethereum.

I suggest delaying buying BnB coins for now. From my analysis, there is likely still a downtrend for this coin. Bitcoin like it has also reached its peak again, let's just see how deep the correction will occur. It's likely a good time to buy coins, be it BnB, Btc or Etherium.