Is it safe to invest in BNB now?

[7788bitcoin]

The increase in the value of BNB depends primarily on the support and goals of CZ and Binance in relation to this coin. And given the ever-increasing role of BNB in the Binance Smart Chain, we can assume that in the future the price of the coin will increase. I can't predict the maximum price of BNB, but I think that the price should be more than $1000.

They are able to attract developers to use their Binance Smart Chain because of the increase network congestion of ETH and if you think that BSC is the solution then we should see a massive correction in ETH before the price of BNB reaches a thousand dollars. It is crazy to think that the price has rallied from below $20 to over $200 in a matter of days and you think the price should be above $1000 by the end of this rally ?.

[Cherylstar86]

That's always safe to invest with bnb right now, and it's best to choose long term instead of scalping. Most of traders do buy and sell but suddenly fail due to emotions which made them discouraged by the time price go down. What important with bnb is to let it grow for several years then after all you're going to enjoy your profitable gains.

[memyselfandi]

Well if we will talk about market trend, BNB is quite impressive and promising but about stability I still have doubt about it. Some people said that bnb is slowly competing with ethereum and I am not so sure if that is a good news for the investors and holders of bnb. So for me, it is 50/50 when you invest in bnb.

[djmixen]

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.

If you really following the updates on BNB, surely you will continue to buy it. Now, if you ask the community here in the forum for this matter, that means you have something doubt in it, isn't that right? Though, the performance in the market of BNB was quite impressive this recently passed only. Try to think not twice but thrice, good day.

[Swopon]

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.

when BNB price break the major resistant, i believe the price growing hard and touch about $500 as the first target then $1000
remember a corrections will always come, but you don't have to worry mate, because BNB is one of the best altcoins project in this industry

In my research, it shows the next resistance at $300. If it break then we will see another new ATH from BNB. BNB is traded at $277 right now which was around $290 yesterday and I got some Profit too for a very short time. Still buying BNB, hopefully it will break the next resistance level.

[LGD2Business]

CZ said he will announce something big in a couple of hours. I wonder what would that be and hopefully make a good impact on BNB price too.

Even though BNB price is close to its all time high their benefits are so good, you should buy it if you don't miss out on all of them chances.

[Wahyuihib]

it all depends on your own hunch. if your hunch says that this is the right time to buy it, do what you think is best

[nicecrypto]

The price is quite high too high right now so I guess you should choose the best time to buy. It's safe to invest with BNB but there's no guarantee that you'll get the profit that you want in time because it's still pumping. However, things will still depend on your willingness to take the risks.

Any one that is not willing to take the risk will almost certainly not make profit in the crypto space. If you have noticed, BNB is one coin that moves almost parallel with bitcoins price movements except for few occasions where BNB pumped up due to some new projects that listed on Binance chain and got the price really moving so for me, if I still believe that bitcoin will continue to go high and it will most likely to take BNB with it plus I am already very bullish on BNB so I keep riding the wave.

[leea-1334]

I mean, BNB looks good right now to be fair,,, even though I bash it a lot and it is centralized and for sure overpriced but we have to admit BSC was a really smart idea and it looks like people are totally picking up on it. Nothing is ever safe though so if you go for BNB now, then do so knowing you could very well lose it all!

[J1mb0]

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.

No one can make an accurate prediction in the crypto market, so investors should make a self-assessment of their investments.
If you want to listen to my opinion, I think investing in BNB at this moment is absolutely worth it, BNB is a good coin and will likely increase very high in the future.

BNB seems like a good short-term investment but should not be a long-term investment at this time, the price of BNB is rising too high compared to its true value.
I think BNB will rise to 300 $ then it will drop, 100 ~ 150 $ is probably the real value of this coin.

I think BNB will continue to increase strongly in the future and it will quickly surpass the $ 300 price point, there will probably be a small price correction but certainly the price will not fall too deep.

[tvplus006]

At this point in time Binance is too expensive to invest in. although fundamentally many people are interested in investing. but in the current momentum,
 I don't think it's the right decision for us to buy BNB in large amounts to invest. unless you are used to trading and later can get profits in a fast way. If you still want to invest, do it regularly to get the lowest price

BNB will not only be good for investment due to the potential increase in its value, but this coin is also good because it gives various advantages to their holders on the Binance. I like that I can get new DeFi coins by participating in Launchpad and Launchpool, which are held on the exchange.

[DoublerHunter]

At this point in time Binance is too expensive to invest in. although fundamentally many people are interested in investing. but in the current momentum,
 I don't think it's the right decision for us to buy BNB in large amounts to invest. unless you are used to trading and later can get profits in a fast way. If you still want to invest, do it regularly to get the lowest price

BNB will not only be good for investment due to the potential increase in its value, but this coin is also good because it gives various advantages to their holders on the Binance. I like that I can get new DeFi coins by participating in Launchpad and Launchpool, which are held on the exchange.

^ That is the point that BNB is good for now, because of their exchange Binance. Because of the Binance chain protocol that built by Binance through ETH smart contract, it had really gained popularity of their coin, the BNB.
Nevertheless, I don't sure if this coin is good for long-term investment rather than I will choose BTC. What if the Binance exchange gets hacked someday, do you think the BNB coin will still on the top? I don't think so, probably, for now, it is good to invest for the short term. However, that is my own opinion.

[BaeSuzy]

Of course BNB is the safest one instead of eth and btc. BNB is one of my favorite and i will keep HODL my BNB, i've been hodl this coin since the end of 2020 and untill now i still keep buying BNB and don't even think to sell it in the near future maybe gonna hodl this coin for more than 3 years.

[Bustart]

So I need some suggestions whether I go for buying it again or should I stop here.

I think you should listen to what your heart says. Because no one knows what will happen in the future. However, I think if you buy BNB now, you will not get the same profit as before. Because the price of BNB coins has already increased 4-5 times. I don't think it will increase more than that. You can invest half of your profits if you want.

Regardless of having no assurance about the future, always refer what situation does bitcoin had been through today. Nobody expected that $50k per btc becomes reality, so as binance ride with the trending popularity it's always have the potential to compete with several coins. Track records of 4-5 time is a good signs of progress.

[hahay]

With you buying back then basically you will be safe to continue but yes, in the near future I'm also not sure BNB will be able to break that resistance so taking a break or looking for other coins might be the right choice. But, if you would be okay to hold on for longer I don't think it was the wrong choice, because with the developments taking place at BNB I'm pretty sure it will still be fine if we hold on for longer.

[deathcode]

BNB is still good to invest for long term now. But, I think you should wait a little longer to buy BNB. Bitcoin could still dump for this moment, even BTCD is above 60. I don't recommend you invest now.

I think you are right because you still have to wait or be a little patient to buy bnb because there is a chance that its price will fall when the price of bitcoin falls it is better to just set an order with the exchanger so that in case the price of bnb goes down it will not you have to panic to buy.

the possibility could indeed happen. but there are other possibilities as well. it could be that BNB would actually strengthen if the popularity and adoption of the BSC increased. even though bitcoin is in decline we have seen how BNB still gets its pump moment like last 2019.

[MAAManda]

Now BNB is Pumping, it doesn't mean it's not a good time to buy BNB now, a lot of news just keeps coming, such as Changpeng Zhao's announcement later and also burning bnb every quarter.


BNB has also announced that it will change its centralized node system to decentralized, I think it is not impossible that the price of BNB in ​​the future will be the same as the current Ethereum (ETH) price

[CutePanda]

YEAH, it's a BIG YES !
It's very very safe to invest in BNB for now, BNB is very stable and the price of BNB keep increasing, even there's a short correction, BNB always keep its value stable and go sideways, i think BNB will reach $400+ in the end of this month.

[repear7]

Now BNB price is around $300. I think bnb price can increase more. Some good project start creating token on bnb platform. I think, It’s will increase lot of demand. And as a result we will see bnb in high price.

[mezzaluna]

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.

Following your gut is a good way but another effective way to look for the opportunity on when to buy is to look for an influencer that can keep you updated with all the news that might revolve around BNB. Its true that BNB can still be bullish but nobody knows that and everybody is just watching the chart. You can also just try buying BNB and letting it HODL for a while and if you find it profitable, you can try trading it for small profits.