Making an experiment on BNB using my $2000

[FairUser]

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?

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

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[taufik123]

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.

[styca]

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.

[shadowdio]

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.

[minairia3]

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?

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.

[janggernaut]

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

Not sure if BNB would be hit $1000, but it could be happen when their total supply only 100million tokens.

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.

 

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

[maydna]

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?

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.

[dentolas]

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 

[patz22]

$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. 

[kaneki007]

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.

[michellee]

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.

[shoreno]

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 

[KTChampions]

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?

[Javi_Anibarro]

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.

[Wysi]

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.

[alani123]

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.

[khiholangkang]

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?

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

[ballerin and giroud]

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.

[KTChampions]

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.

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.

[thisnewcoin]

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!