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Author Topic: Is it safe to invest in BNB now?  (Read 7531 times)
Mtaiwo
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May 02, 2021, 10:13:58 PM
 #341

Bnb is a good coin but one just need to take necessary caution because in recent weeks it's has been rising and dropping back woefully, one just need proper time to invest and take necessary caution that all.

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May 02, 2021, 11:01:37 PM
 #342

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.

Binance's current popularity is undoubtedly so you don't need to ask about BNB because BNB is very feasible for us to invest in at this time. because the price will keep increasing every time and I believe BNB will reach $ 1000 in the future. so don't waste your time thinking too long to make the right decision. because the sooner the better.

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May 02, 2021, 11:08:02 PM
 #343

This thread was posted in March and that time the price of bnb was around 250 dollars .Those who missed to buy bnb that time can still buy it now as its price will increase in near future. It will surely cross 1000$ very soon .

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May 02, 2021, 11:09:21 PM
 #344

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.

Binance's current popularity is undoubtedly so you don't need to ask about BNB because BNB is very feasible for us to invest in at this time. because the price will keep increasing every time and I believe BNB will reach $ 1000 in the future. so don't waste your time thinking too long to make the right decision. because the sooner the better.

from the date the OP posted his thread, BNB already grows a lot like more than twice its value. considering that it is only about couple of months. and with the current rate, i believe bnb has still a lot to grow in the coming months. though eth network has reduced fees, still project devs are creating their projects under bsc network. and with other innovations on their platform, 1k is not so difficult to attain for this coin.
the #3 position in the market is not an easy peasy road for them. definitely, lots of resources has been put into it to cater good services to the community.


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May 02, 2021, 11:17:50 PM
 #345

So far, the price of BNB is still very cheap, I even recommend placing your assets in BNB and ETH which will become the kings of competing altcoins. As long as the BNB price is still under $ 1000, it is still in the cheap coin category. If you look at the BNB utility and also the size of the growing community, as well as the supply of coins that are burned every certain period, it can be ascertained that the BNB price is naturally above $ 1000.




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May 02, 2021, 11:33:32 PM
 #346

One of the basic concepts in the stock market/crypto market is to buy at red, sell at green. As we see the market right now, it is in the bull run, so a high percentage of the currency is at green. So for me, investing or buying coins right now is not a wise and good decision since most of them are increasing their price. This is the time for the hodlers not investors, buying coins right now will lead you to either coming back your capital with no profit or worse, losing the money.

Nevertheless, it all depends on what goals you set for yourself. For example, many were selling bitcoin at 25,000, the whole market was green. As a result, the price rose even higher and then even higher and then even higher. Someone was selling at the level of 50,000, the price was green again, but now it costs almost 65,000. Therefore, it is difficult to unambiguously apply your words to the market; you should always look at the situation.


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May 02, 2021, 11:36:45 PM
 #347

BNB is currently believed to be undervalued as a result of the use case it represents, I think the price will be next to ethereum as it promises to be a valuable asset even in the hands of those who are willing to invest and also act as miners in the space, what  we can also call validators.

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May 02, 2021, 11:48:48 PM
 #348

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 made some profit in BNB, I could say continue what you had started with it. Because as long as you gain with this coin that means the thing you did was right, but if you fail to earn on BNB change your strategy just as simple as that. And I don't see any unsafe things to invest to this coin anyway just like that.

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May 02, 2021, 11:55:42 PM
 #349

So far, the price of BNB is still very cheap
I think it is not very cheap but the price of BNB deserves to be higher. The current price is about $622, no one says it is a cheap price of a crypto coin. However, because BNB coin is the coin of the Binance exchange, the price of BNB should be higher. some experts stated that BNB price deserves above $1000. So, many people are optimistic that BNB price can be above $1000 this year.

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May 02, 2021, 11:58:27 PM
 #350

One of the basic concepts in the stock market/crypto market is to buy at red, sell at green. As we see the market right now, it is in the bull run, so a high percentage of the currency is at green. So for me, investing or buying coins right now is not a wise and good decision since most of them are increasing their price. This is the time for the hodlers not investors, buying coins right now will lead you to either coming back your capital with no profit or worse, losing the money.
Nevertheless, it all depends on what goals you set for yourself. For example, many were selling bitcoin at 25,000, the whole market was green. As a result, the price rose even higher and then even higher and then even higher. Someone was selling at the level of 50,000, the price was green again, but now it costs almost 65,000. Therefore, it is difficult to unambiguously apply your words to the market; you should always look at the situation.
I also believe that the market is a little overheated and I think that I am not the only one who thinks so, and therefore we should approach the issue of investing in cryptocurrencies with caution. Therefore, any negative news can bring down the crypto market and turn it around, and as far as we remember, the altcoin market is corrected much more strongly than bitcoin. Therefore, I think that BNB will also behave like the rest of the altcoins despite the status of the exchange coin and I do not think that it is safe to enter the BNB market right now.


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coinsycrip09
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May 03, 2021, 12:54:43 AM
 #351


If you made some profit in BNB, I could say continue what you had started with it. Because as long as you gain with this coin that means the thing you did was right, but if you fail to earn on BNB change your strategy just as simple as that. And I don't see any unsafe things to invest to this coin anyway just like that.
yup! you are right.
one note that I like from your writing "there is no safe thing in investing" all have risks.
to get maximum profit and minimize risk, we only need a good strategy to support it.

if it fails, it means that the strategy is wrong, then change it immediately.
if that still doesn't work, it's time to move on to other altcoins.  Smiley

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HyunBin
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May 03, 2021, 04:54:22 AM
 #352

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 $300 level. So I need some suggestions whether I go for buying it again or should I stop here.
I have read that the founder and developer of BNB said that there will always be a burning of circulating token supply which is a good indication that the price of bnb will still remain it good shape so I think investing on it is a good choice for you. Also, there are plenty of projects partnered by bnb which is another good reason to hodl bnb. And I have seen some well-known Technical Analyze said that they will reach at most 1k$.

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May 03, 2021, 09:14:05 AM
 #353


The valuation of BNB is quite high right now. Maybe it's worth it, hard to tell. If you take the Coinbase valuation it seems that BNB may be overpriced, but look at how dominant BNB really is. It is inconceivable how far they are away from even their most serious competitors.
Currently, we have seen BNB become very expensive with the increase that has occurred this year.
buy it now is of course risky. but what is happening today with us seeing what BNB can do with binance which continues to innovate, I think buying now for the long term is still very safe.

Exactly if you buy BNB you don't buy a white paper or an empty shell with a lot of buzz around it but nothing in it. At least you hold something in your hands that is based on real revenue and innovation. A lot of other coins are more about the idea and the concept than the actual functioning technology.

BNB is present everywhere, serving the people well and understands to continuously communicate with its customer base. It is risky to buy it now, but as I said, it is also not pure speculation on whether or not BNB turns into something because it already is something!

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raidarksword
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May 03, 2021, 10:34:05 AM
 #354

BNB has more potential to grow organically as they making success of providing scalability and low fees in their network that's why many new projects choose BSC ecosystem as well as old projects switching from Ethereum network to BSC ecosystem.
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May 06, 2021, 09:36:49 PM
 #355

I think for a trader who invests in BNB is a smart choice and it will provide big profits for the future. investment in the BNB should be done on a long term basis.
Yes mate chosing to Binance smart chain plafrorm (BNB) a smart choice. I think Binance will be a good compitator of Ethereum and very near Binance coin will hit $1000.

Yes, of course, the price that is eagerly awaited by many BNB holders is likely to come soon. taking advantage of the BNB seems to have to wait a very long time and need patience.

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May 13, 2021, 08:03:06 PM
 #356

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.
Here you did another wrong research. After you get a profit Binance coin, you should buy another coin. One coin can't pump again and again. I'm following Ferrum network and Cartesi tokens. Those altcoins bullrun were good and now those bulls need some rest. Today the Binance dump was high because the pump was good. So slow and steady altcoins are good, if you can switch from top pumped altcoins.
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May 14, 2021, 07:50:06 AM
 #357

Here you did another wrong research. After you get a profit Binance coin, you should buy another coin. One coin can't pump again and again. I'm following Ferrum network and Cartesi tokens. Those altcoins bullrun were good and now those bulls need some rest. Today the Binance dump was high because the pump was good. So slow and steady altcoins are good, if you can switch from top pumped altcoins.
That's right, sometimes it's also important to switch to another Altcoin that hasn't gotten a big pump yet, because sticking to a very big pumped Altcoin can also be a big risk when the pump has stopped, just like you said the bull needs a break.

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May 14, 2021, 08:10:34 AM
 #358

BNB has more potential to grow organically as they making success of providing scalability and low fees in their network that's why many new projects choose BSC ecosystem as well as old projects switching from Ethereum network to BSC ecosystem.
even though the price is quite high, there are still many people who think that BNB can be better than this in the future. Personally, I probably believe that this token will last, and could even replace ethereum in the future. as far as i think, it could probably cost over $ 1k, so i think it's still safe to have a BNB at this point. Other evidence is, the BSC is even very concerned for now.

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raji1995naya
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May 15, 2021, 08:30:18 PM
 #359

Indeed, we should not ask others whether investing in something is safe or not because not everyone can be a financial counselor. Simply conduct your own research for the assignment, and you will not be sorry for your choices. When it comes to investing our money, we should never rely only on the opinions of others unless we know the individual giving the advice.

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aryana42
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May 24, 2021, 08:27:07 AM
 #360

Indeed, we should not ask others whether investing in something is safe or not because not everyone can be a financial counselor. Simply conduct your own research for the assignment, and you will not be sorry for your choices. When it comes to investing our money, we should never rely only on the opinions of others unless we know the individual giving the advice.
In any investment, in general, everyone does not need advice, because all he needs is three options, the first is capital, the second is in research, the third is strong and patient mentality, because without these three options, someone will easily lose when investing.

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