BNB burn 16th. Now BNB is worth $312. Will you buy or not?

[Mistafreeze]

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

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.

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[dezoel]

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

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.

[milewilda]

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

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.

[senyorito123]

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 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.

[Oceat]

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 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+.

[adaseb]

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.

[Bttzed03]

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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,

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.

although I can't really tell when will be the dip going to happen

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

but once that happens I'm sure the price would be different from what we saw when it's in a bullish trend.

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

[passwordnow]

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.

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.

[ven7net]

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

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.

[dark1234]

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

[Cherylstar86]

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'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.

[nira09]

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 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.

[unusualfacts30]

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.

[conected]

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

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.

- 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.

[el kaka22]

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.

[bocyaj]

BNB is now worth $337USD, hopefully will continue to rally until mid-july. There is absolutely no confirmation yet and we are seeing a lot of volatility in the market, so I'm struggling to decide whether to invest or not. It wouldn't make sense to risk my money in this market just because a schedule burning event is coming up, BNB will drop $300 once the hype dies passes.

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.

[Vaculin]

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

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.

[shogun47]

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

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.

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.

[AmoreJaz]

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

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.

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.

[DarkIT]

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

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.

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.

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.