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

[yhiaali3]

For me, the time is very good to buy now, Binance token (BNB) is very good and will have a great future. In my opinion, its price is expected to reach more than a 1000$. There are several reasons for this first because Binance is the most popular exchange ever and supports BNB greatly through fees on the exchange Or through Binance’s network fees BEP2, BEP20. This gives a great practical value to the token and contributes to a continuous increase in its price, in addition to the continuous burning of tokens that Binance performs every period of time.
It can be seen that the price of the token has risen at the present time, while maintaining a good rank in the market, despite the large campaign launched by several countries to ban Binance. This, in my opinion, is a very strong indicator of the strength of the BNB token.

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[peter0425]

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.

Burning always brings good effect (though not everytime) specially if we are talking about Legitimate coin like Binance BNB.

I am ready for the event as i have bought at least double digit of this coin recently and waiting for the burning to take place.

[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

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.

Don't you guys think or understand that the burn is mostly priced in already? If someone tells you with certainty that the house you are in is going to be on fire in one hour from now, are you going to wait until it starts burning down or are you leaving it right away because you most likely have no very important to stay until it's really in flames. Got it?

[globalpain]

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.

Burning always brings good effect (though not everytime) specially if we are talking about Legitimate coin like Binance BNB.

I am ready for the event as i have bought at least double digit of this coin recently and waiting for the burning to take place.

Of course, the burning of BNB is much awaited by many people,
and if true of course this is a good time to buy,
at least take advantage of the best possible opportunity to get a profit but it all depends on each person's decision

[tvplus006]

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

Binance regularly conducts burn once a quarter. The last such coin burning, according to their blog, was made in April 2021 https://www.binance.com/en/blog/421499824684901944/ , when approximately 1 million BNB was burned. As a rule, such burning of coins does not lead to a rapid change in the price, so you need to buy coins when it is at support, and not in anticipation of the next burning of BNB.

[Mihawk]

Compared to the current supply of BNB, the value of 2M of BNB is still insignificant and I don't know if it's enough to impact the market and make prices go up. Will there be other news in conjunction with this burning? If so, maybe something will happen. BNB will not become more expensive if demand remains the same. The psychological effect that if you don't buy BNB now you will have 2M less to buy later won't have an effect like last year. It is difficult to analyze this situation, what would be the price projections for BNB after this burning? Back to $600? Or maybe $1000? Without definitive floors, buying BNB now for no other reason is certainly not the best choice, but it's up to you to decide what's best for you.

[Boomber]

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 don't want to take risks, therefore I definitely buy BNB at this time, because I am afraid that if burn has occurred, then the price of BNB will increase and not go down, therefore I prefer to invest in BNB at this time and if the price of BNB does not increase, then I will hold and wait until the market recovers, because I believe when the market recovers, then of course the price of BNB will definitely increase very high again.

[husdemba]

Currently, BNB performance isn't at a good level, but news of the burning may bring vitality. I am currently waiting for cash but if BNB comes around $270 I will buy. A dump may come again after the burning process, so be careful in commercial transactions.

[Reatim]

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

Binance regularly conducts burn once a quarter. The last such coin burning, according to their blog, was made in April 2021 https://www.binance.com/en/blog/421499824684901944/ , when approximately 1 million BNB was burned. As a rule, such burning of coins does not lead to a rapid change in the price, so you need to buy coins when it is at support, and not in anticipation of the next burning of BNB.

how much BNB will be burned in this given time mate? or there are no specification and this will decided once in the situation ?

Anyway I'm amazed that binance had already making burning from time to time?

Currently, BNB performance isn't at a good level, but news of the burning may bring vitality. I am currently waiting for cash but if BNB comes around $270 I will buy. A dump may come again after the burning process, so be careful in commercial transactions.

Not Good performance? what do you mean? Binance still seats number 4 position , and you called this not so good performance ?

lol are you kidding ?

[traderethereum]

So, there is a burning coming up on Binance in next week on regular basis. I'm so excited as burning event always lead up trend. Are we back in business? BNB market already react on this news, reached almost $340. Anyone have any ideas, will BNB reach $400 or not? For me, it's free money actually.

It will reach $400 soon, but now, the price still below $400.
Maybe the increases will come after the event ends but before the event starts, I think people already have to buy BNB and wait for the rise.
But sometimes, the uptrend will not always come right time, especially if the crypto market is still sideways.
But for the long term, BNB price will increase because BNB is one of many potential coins that can increase in the future.

[tvplus006]

It will reach $400 soon, but now, the price still below $400.
Maybe the increases will come after the event ends but before the event starts, I think people already have to buy BNB and wait for the rise.
But sometimes, the uptrend will not always come right time, especially if the crypto market is still sideways.
But for the long term, BNB price will increase because BNB is one of many potential coins that can increase in the future.

Yes, it all depends on the trend. And if it is ascending, then we will see the price of BNB, which will exceed all our expectations. But if the price of bitcoin drops to 20 thousand dollars, then no burning of coins will help in this case and the price of BNB may fall to $130-150.

[jaberwock]

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 don't want to take risks, therefore I definitely buy BNB at this time, because I am afraid that if burn has occurred, then the price of BNB will increase and not go down, therefore I prefer to invest in BNB at this time and if the price of BNB does not increase, then I will hold and wait until the market recovers, because I believe when the market recovers, then of course the price of BNB will definitely increase very high again.

Remember that there are people spending BNB and giving it to Binance every single day when they are moving it around. Those transaction fees usually do not go into anyone's pocket but Binance, and Binance is not known for selling their own coin to market neither, they usually hold it long enough that it becomes a burning material.

It means that the more days passes the less BNB available in the world, every single day there are less BNB available. And that is why I believe it is quite important that we should buy it if we believe it is a good coin. This only applies if you believe in the future of BNB because if you do then it means you believe in a coin that technically speaking will not exist, it will be all burned one day, and there will be very little amount left, it will be decades probably but it will happen, so it will keep getting more and more valuable every day for decades.

[Sirait]

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

if I have a lot of money then I will continue to buy this token. BNB has always been one of my favorites, despite FUD circular a lot. burn this time will definitely increase the price of BNB.

[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

Binance regularly conducts burn once a quarter. The last such coin burning, according to their blog, was made in April 2021 https://www.binance.com/en/blog/421499824684901944/ , when approximately 1 million BNB was burned. As a rule, such burning of coins does not lead to a rapid change in the price, so you need to buy coins when it is at support, and not in anticipation of the next burning of BNB.

The burns are quite substantial, but especially those with three million and even more were extremely substantial in relation to the total supply. What exactly are the intervals that Binance conducts these burns? Is there a fixed number per year or does Binance burn BNB as they please? How about then number of coins? Do they follow a publicly known formula?

[traderethereum]

It will reach $400 soon, but now, the price still below $400.
Maybe the increases will come after the event ends but before the event starts, I think people already have to buy BNB and wait for the rise.
But sometimes, the uptrend will not always come right time, especially if the crypto market is still sideways.
But for the long term, BNB price will increase because BNB is one of many potential coins that can increase in the future.

Yes, it all depends on the trend. And if it is ascending, then we will see the price of BNB, which will exceed all our expectations. But if the price of bitcoin drops to 20 thousand dollars, then no burning of coins will help in this case and the price of BNB may fall to $130-150.

The key is in bitcoin because if bitcoin can rise to $40k, that will help BNB to rise and hit $400.
But I do not expect to see bitcoin fall to $20k because that can put the market in a panic mass. After all, people will not think that bitcoin will drop significantly.
But whether that will happen like that or vice versa, we really need to be aware and still analyze the market to know how to anticipate something that happens to the market.
If BNB still goes down while the bitcoin price is not down, that will be the time for us to buy more BNB.

[tvplus006]

...What exactly are the intervals that Binance conducts these burns? Is there a fixed number per year or does Binance burn BNB as they please? How about then number of coins? Do they follow a publicly known formula?

The burning of BNB will continue until 100 million coins remain in circulation. "The amount of BNB coins to be burned is based on the number of trades performed on the exchange within a 3-months period. So after each quarter, Binance burns BNB according to the overall trading volume" - https://academy.binance.com/en/articles/what-is-a-coin-burn On this page you can get full information about the BNB burning process.

[ivankoh]

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 worth buying and hoarding.  I will always buy it, preferably in the dip )) In fact, BNB only really comes to light when BSC starts and the forming benefits of Pancake are too great to attract along with low gas, high speed.  fast transaction.  But in return for security, compatibility, it is still not complete, and the small alley SEPA has stopped from the UK is the challenge.  But I'm not worried and there's the final burn in Q4.

[shogun47]

...What exactly are the intervals that Binance conducts these burns? Is there a fixed number per year or does Binance burn BNB as they please? How about then number of coins? Do they follow a publicly known formula?

The burning of BNB will continue until 100 million coins remain in circulation. "The amount of BNB coins to be burned is based on the number of trades performed on the exchange within a 3-months period. So after each quarter, Binance burns BNB according to the overall trading volume" - https://academy.binance.com/en/articles/what-is-a-coin-burn On this page you can get full information about the BNB burning process.

Much appreciated, thanks for allowing me to be lazy

Erm, ok, so the only issue that remains is that BNB is actually not a decentralized asset right? I have studied a bit how BNB works and what I noticed is that most investors, mostly small retail investors, think that they are holding a decentralized coin. But BNB is anything but decentralized. It is fully centralized, but benefits from the trust that Binance built over time and lives up to. Anything I am missing or understanding wrongly?

[tvplus006]

Erm, ok, so the only issue that remains is that BNB is actually not a decentralized asset right? I have studied a bit how BNB works and what I noticed is that most investors, mostly small retail investors, think that they are holding a decentralized coin. But BNB is anything but decentralized. It is fully centralized, but benefits from the trust that Binance built over time and lives up to. Anything I am missing or understanding wrongly?

Yes, BNB is completely centralized. And it is for this reason that it will never surpass Ethereum. Although there are positive aspects to centralization,they depend on the success of the Binance exchange. It should be remembered that in case of problems with the exchange, and they will definitely come, these problems will affect the price of BNB.

[kevindjunaidi]

Of course I will buy BNB, because in my opinion BNB has become one of altcoin that I must own and invest for the long term, therefore I will continue to buy BNB, especially if the supply of BNB will be low because of burn, then of course it has a very positive effect for the price of BNB in the future, because the price of BNB will definitely continue to increase very high, so I can get a big profit from investing in BNB at this time.