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Author Topic: Is it safe to invest in BNB now?  (Read 8028 times)
Swopon (OP)
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April 01, 2021, 04:25:20 PM
 #121

As I mentioned before that BNB is a real beast. My entry was at average $285$ and 2 days before I sold those at $300+ average. Then again my entry was at $315 and few minutes ago I just sold my all BNB at $330. It's amazing to earn some profit within a short time. I think I will again think about my entry on BNB. I am not bumping it after a while. I just shared my experience with BNB now. Please don't get me wrong for this.

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April 01, 2021, 05:33:06 PM
 #122

Binance is considered as one of the safest asset on the internet currently. What are you waiting for? Binance coin is created by the biggest crypto related exchange and you still doubt it ? IMO, bnc has a big chance to increase to $600. But it is just a 100% in profit. If you feel okay with that, go ahead. It is still better than other coins which can go up like crazy and suddenly crash





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April 01, 2021, 05:44:46 PM
 #123

Look its all depends on YOU to choose the right decision for your self. I want to say something to you. Look if you understand what is crypto then you must known about this matter that crypto is an unpredictable thing. You can't get best time to invest. You just need make your time best. Just like after your invest in any crypto you have to wait for that time when you think that yes you are in profit right now. You don't need to wait when that project says you are in profit you may quit now. Its not like that. No doubt bnb is a best coin from a crypto exchange. Because its a native coin from worlds number 1 crypto exchange and Wallet. So obviously it has that much potential that if you hold for more time it is able tp give you more profit. Now its your choice. Thank you.
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April 01, 2021, 06:29:40 PM
 #124

There is absolutely no doubt for me to hold or continue to buy BNB. Now the graph of the transactions on the Binance Smart Chain network is more than 3 million transactions which means that people are starting to need BNB. The existence of Launcpad is also a special attraction for investors because it gets other benefits from BNB. In fact, currently the price from BNB is still cheap enough for you to buy and invest in
Yes, the potential is very huge, I think at such a pace the possible price of BNB will reach $ 500. When I participate in projects, I enjoy the work of BSC, the commission is $ 0.14. Even if BNB reaches $ 1000, the gas price will still be acceptable.

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April 01, 2021, 06:33:19 PM
 #125

In this March, I can't make my own satisfactory trade due to my wrong decision and research. But I got some profit from BNB and used buy back policy again and again. Today, I sold my all BNB token at around $245 but now it is still bullish in mood. The next major resistance is located at the $300 level. So I need some suggestions whether I go for buying it again or should I stop here.
I do not think it will be safer to invest at any coin when it will be trading around its ATH; I would say many people would say either selling early or not getting in early. That is the common thing in bitcoin because unless you bought in 2010 or before and still kept everything you own, you either sold early or didn't buy early enough. That is at least what many people believe, I do not believe that, I am happy to be part of crypto and I do not care about how much I have made or lost, as long as I made some money and I was part of it and maybe even if it is very very tiny become part of the crypto revolution, that would be more than enough for me.

I made mistakes along the way, but I am happy with all my mistakes as well, because those mistakes brought me here, without those mistakes I wouldn't be here today where I am. Plus it allowed me to quit my job and be full time crypto and that is more than anything I could ever ask for in my life.
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April 01, 2021, 07:13:44 PM
 #126

Defi projects are now switching to the BNB blockchain, and in general, this is such a large and extensive platform, I am sure that $ 300 per coin is still very small and such a coin will sooner or later reach $ 1,000 per coin.

Closer to the summer, I think 500 dollars will be 100%.

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April 01, 2021, 07:44:14 PM
 #127

In this March, I can't make my own satisfactory trade due to my wrong decision and research. But I got some profit from BNB and used buy back policy again and again. Today, I sold my all BNB token at around $245 but now it is still bullish in mood. The next major resistance is located at the $300 level. So I need some suggestions whether I go for buying it again or should I stop here.
I do not think it will be safer to invest at any coin when it will be trading around its ATH; I would say many people would say either selling early or not getting in early. That is the common thing in bitcoin because unless you bought in 2010 or before and still kept everything you own, you either sold early or didn't buy early enough. That is at least what many people believe, I do not believe that, I am happy to be part of crypto and I do not care about how much I have made or lost, as long as I made some money and I was part of it and maybe even if it is very very tiny become part of the crypto revolution, that would be more than enough for me.

I made mistakes along the way, but I am happy with all my mistakes as well, because those mistakes brought me here, without those mistakes I wouldn't be here today where I am. Plus it allowed me to quit my job and be full time crypto and that is more than anything I could ever ask for in my life.
We would really be hesitant on anything new on this market since we do have some past mistakes which did really result into some miserable situations for us.
The thing you do mentioned about buying on the peak then this will really matter on someones risk management thing because there are some who can really
afford on buying even they are aware or not with its current value which might really be on the peak or just a start up of upward momentum which is
really a hard thing to tell.When it comes on safe investment then you should really be crossing out this kind of mentality because theres no such thing about
safe on this market.
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April 01, 2021, 08:05:10 PM
 #128

As for investment now it is very good because BNB is a long term. But if you choose to be in the short term, this is a little risky if your mind is messed up, if if you drop just a little it can make your mind panic and eventually you will cut losses. Wink
Overall top altcoins such as BNB are the best choices for investing, more than that as you said they are great for long-term investing than short-term. But l can not say it is the right time or not, that is why bull run can be over in the near future and BNB and other currencies can get down. However, you can collect BNB for making a profit in the next season, if you can be enough patient you can make a good profit. However, it will take a bit long time.

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April 02, 2021, 03:19:01 AM
 #129

No.. don't stop just buy BNB again because I believe it can hit $500 price in the future, BNB is a potential altcoin and as you can see it climb up at the 3rd position marketcap. The Binance Smart Chain is popular now so no doubt the price BNB will increase for sure.
I totally agree with you. I believe BNB will go to much higher in the future. Many projects have already come up in the Binance smart chain network and more will come in the future. In that case, I believe that BNB will one day surpass Ethereum.

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April 02, 2021, 03:21:05 AM
 #130

As for investment now it is very good because BNB is a long term. But if you choose to be in the short term, this is a little risky if your mind is messed up, if if you drop just a little it can make your mind panic and eventually you will cut losses. Wink
True if you are an emotional person but if you have the ability to check the project to understand what is out for it then you might want to hold for some time regardless of what is currently happening and by the way, BNB is a good buy even for a shorter time frame say like a few months plus BNBs quarterly Burn is coming up around 30th April which I believe will also give some bust to the price and all the loads of projects jumping into the Binance Chain and new listing on Launchpad, I believe BNB  is a good buy imo.
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April 02, 2021, 03:22:38 AM
 #131

No.. don't stop just buy BNB again because I believe it can hit $500 price in the future, BNB is a potential altcoin and as you can see it climb up at the 3rd position marketcap. The Binance Smart Chain is popular now so no doubt the price BNB will increase for sure.
I totally agree with you. I believe BNB will go to much higher in the future. Many projects have already come up in the Binance smart chain network and more will come in the future. In that case, I believe that BNB will one day surpass Ethereum.
think for them to be equal first before surpassing it. ethereum is also very strong in the market not as easy as you are talking about.
but for BNB which has good market power at the moment, there is still a chance for them to reach the same point. the main drivers are the strength of the BNB market and the increasing adoption of the BSC network.
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April 02, 2021, 03:57:57 AM
 #132

I don't believe any one Investing in BNB even at this moment is making a mistake. We will always think I believe the price of a cryptocurrency is too high or may over bought or over hyped and it will drop and we end up missing out when we should have invested. I know most investors want to do this short time but to me, some projects are better off investing for longer time and BNB is one of such which I am Hodling on too and you need to know what is going on with the projects as well that will give you the confidence that I can invest in this for a longer time.
You are right, buying now will probably face a bear market situation in the future. maybe this year, it could happen next year.
But for BNB I will always believe in 3-5 years in the future we will see the value of BNB will be more than it is today.
most importantly don't ever panic when the market is in a bear's mouth.

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April 02, 2021, 04:54:32 AM
 #133

there is no time to delay you in investing, including in BNB. Although currently experiencing a high increase due to several factors. This month Binance does its 15th Burn again. And also Announcing the existence of a new Launcpad, namely Tokocrypto. clearly this news makes the increase in BNB quite high for now. And in my opinion, the current price is still relatively cheap if you further analyze the Binance smart chain which is in the near future to compete with ethereum.

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April 02, 2021, 06:17:38 AM
 #134

In this March, I can't make my own satisfactory trade due to my wrong decision and research. But I got some profit from BNB and used buy back policy again and again. Today, I sold my all BNB token at around $245 but now it is still bullish in mood. The next major resistance is located at the $300 level. So I need some suggestions whether I go for buying it again or should I stop here.
Price pumped to $272. If I'm you, I'll invest into another coin that I haven't seen it go pump around. Because investing in BNB this time is like investing in the peak unless you're really thinking that it will cross $300 and more. I'll stop and maybe go for any other top altcoin or I'll just come in to bitcoin and ETH. At least with those coins, you've got the understanding that they have a higher peak than what it is today. But, you're the one to decide and do the suggestion you think is best for you.
Now the price of BNB has risen to $ 353. It is still growing, most likely, it will continue to grow for some time. The coin is promising, but there really is a danger of buying it almost at the peak of the price. Now everyone must decide for themselves whether it is worth investing in this coin at this stage. Now that the ethereum network has a lot of difficulties with high transaction fees, this coin has yet to grow. However, it is difficult to say what will happen to its price when, after July, ethereum will solve its problems.

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April 02, 2021, 08:56:35 AM
 #135

For now, investing in BNB is indeed good especially for the long term, but if you want a short-term investment, it doesn't seem suitable because if your mental condition is in turmoil and you have too high expectations then when BNB experiences a slight decline (even though it fluctuates in exchange rates that's a normal thing) it will make you dizzy and restless, the biggest risk is that you are impatient and take the decision to stop it at a loss, it would be a shame.

Swopon (OP)
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April 02, 2021, 09:06:29 AM
 #136

BNB is on fire. BNB is now traded at $351+ which is really a good thing. It would be the most happiest moment if I hold some BNB till now. Yesterday, I just sold my all BNB at $330 which is also profitable for me. But now it looks bullish and again the priority is upward with the BITCOIN price.

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April 02, 2021, 09:44:46 AM
 #137

In this March, I can't make my own satisfactory trade due to my wrong decision and research. But I got some profit from BNB and used buy back policy again and again. Today, I sold my all BNB token at around $245 but now it is still bullish in mood. The next major resistance is located at the $300 level. So I need some suggestions whether I go for buying it again or should I stop here.
Congratulations, you have benefited from the investment you made. Overall, BNB can be said to be very safe to invest. So far you still have the opportunity to get even bigger profits from BNB. Moreover, it is rumored that Binance will soon burn their coins this April, After burning is done, automatically BNB supply will decrease from before. Currently BNB is a good investment for you, especially you are familiar with this coin. My assumption BNB might hit $1,000 in the future.

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April 02, 2021, 11:16:31 AM
 #138

Personally, I see great promise in this BNB coin at the moment and, if possible, will invest in this promising new BNB coin. Moreover, I can say that all my friends and acquaintances are now only interested in the BNB coin. So now BNB coin is very popular among cryptocurrency lovers. So I recommend that you feel free to invest in BNB coin and get a positive result from the transaction.
kropelos93
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April 02, 2021, 03:48:37 PM
 #139

I invested all of my funds in BNB when it was 41 dollars, and I now believe it was the best decision I've ever made. "Is it safe to invest in BNB now? " you ask. I assume that buying BNB at 455$ is extremely risky and that you should wait for a pullback.
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April 02, 2021, 10:15:09 PM
 #140

I feel its still rather safe to invest in BNB because price is still cheap considering how greatly Binance Smart Chain works and all those defi projects creating liquidity. What makes BNB great competitor to Ethereum is its very cheap fees also. I am LONG for BNB and I do plan to regularly buy BNB even bull markets turn upside down to bear.
As long we do invest on the amount that we can afford to lose then this wont really be a problem.We do have our own perspective on any projects in the market and just
basing up on what Binance and its smart chain been doing currently then we can presume that this would really be having some good future but everything will still always
vary on the demand and on the performance on future months or years to come.It might not be giving out guarantee but based up on what they had attained
as of this moment is a solid indication that they do really have the potential.

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