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Author Topic: How to buy BNB at the right time?  (Read 806 times)
chaser15
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November 05, 2021, 11:43:54 PM
 #61

How to buy BNB at the right time? altcoin or main coin? I wanted to share some of my experiences on these issues.

You have to form your own analysis as everyone has different moves. Buy BNB based on what you think is the right time. You need to risk some money in order to see what's up with your plan. That's how challenging determine the right time to buy any coin.

Collect data and analysis based on your research. Form a strategy then put it in actual trade. It will take time but you will be used to it.

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November 06, 2021, 12:04:44 AM
 #62

How can we have a crystal ball?

In all honesty you can't expect to time the market perfectly even once in your lifetime, let alone consistently.

If you believe in BNB you should dollar cost average into your position instead of trying to time exactly where the trough is. The bear market that you dreamed of may never come, as shown by this recent crypto bull resurgence after the bull market was called off by many analysts.

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November 06, 2021, 12:24:40 AM
 #63

How can we have a crystal ball?

In all honesty you can't expect to time the market perfectly even once in your lifetime, let alone consistently.

If you believe in BNB you should dollar cost average into your position instead of trying to time exactly where the trough is. The bear market that you dreamed of may never come, as shown by this recent crypto bull resurgence after the bull market was called off by many analysts.

Yeah, there's no crystal ball on trading but there's a Fundamental Analysis that can help you determine whether BNB is showing a bullish buy signal. Binance usually announce everything new and upcoming events on there exchange, CZ is almost equal to Justin Sun which is king of the hype, You can always have a hint if there's big new coming on Binance by just watching on CZ twitter.

Binance coin usually pump when there's new project incubated on there launchpad or launchpool since the main requirements to acquire this token is to hold BNB to a certain period of time. This is the reason why BNB is continuously rising ATM, They introduced new project every week or bi-weekly.

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November 06, 2021, 07:40:26 AM
 #64

what I understand is, we can only explain how to buy the crypto or coin you want like BNB, or other. however, for the exact time, it depends on each person who wants to buy the coin.
For example, personally, I think that now is a very good time to buy BNB, because I believe in the future the price could reach $1k, or even higher. however, for others, this may not be the right time, and they are waiting for a correction to buy at a low price. however, for the conditions where the best time to buy the coins you want is known only to yourself.

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November 06, 2021, 11:05:53 AM
 #65

BNB is a coin that has a large community. so it is very difficult when we wait for the price of this coin to fall to the lowest price. So in essence, if we want to trade this coin, we must always follow the current price developments

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November 08, 2021, 07:25:50 AM
 #66

the best time to buy bnb is when there is a correction in the price of bnb. ATH bnb is around $600+ and buying below its ATH price is the best chance.

Maybe at this time BNB has not reached its peak, so I think now is still the right time to have a BNB. Progress after development, BNB continues to strive to reach the top supported by its network which is most widely used on every major project and exchange.
The peak price that BNB has ever reached was $675 this year too, so it's clear that for now the price is still below the ATH price that it has achieved, even if it's still very confident to buy it again, then I don't think it will be wrong because the potential is still there and will never be bad for this year before the new year comes.
~
The peak price that BNB will reach this year could pass the highest price ever on 5/3/2021 at $675 at the time. But rest assured if market conditions are as they are currently going, it is very likely that BNB will reach a new ATH. Currently BNB is already at a price of $593.
bnb is on its way to new ATH maybe in the next few hours, buying bnb now is certainly still profitable.
That's right. In particular, Binance Coin that there is still a chance to make a profit if you still want to buy BNB at this time because the potential for BNB to reach the latest ATH is also still there based on the movement of the market situation in recent times until today. However, it would be even better if we were able to refrain from buying any coins when the price was rising as it is today.
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November 11, 2021, 05:21:02 AM
 #67

There is no right time to Buy Binance Coin because this coin is Highly promoted and supported by Binance exchange in which we are sure of the safeties and securities in our investments .
Yeah Binance is quite slower this year end but at least showing some kick to break another All Time High.
At this time, the right time to buy BNB is difficult, however in the short term we can do something to take advantage of the market movements that can offer us, here the analysts at cointelegraph say the following:


Quote
The rising 20-day EMA (486) and the RSI just below the overbought zone suggest that bulls are in command. If bulls sustain the price above $540.50, the BNB/USDT pair could move towards the pattern target at $554 and later to the psychological resistance at $600.
Source: https://cointelegraph.com/news/price-analysis-11-1-btc-eth-bnb-ada-sol-xrp-dot-shib-doge-luna

Everything that has to do with BNB is positive, however the best time to buy is determined by each person at their discretion and economic capabilities, for me buying any currency below its last ath is the best.

Actually it is the Holding in which Binance supporter needs to Keep as this coin will Keep the beat for long term and not in short terming investments like What Bitcoin gives us through all this year.
Well, at this point it is not advisable to buy, for me buying at new highs is never good, in fact I wanted to buy BNB myself, but seeing that it is already going for + 664USD is something that for me is too expensive, in fact, the best buy rate was when the BNB was around 340USD, at that time it was ideal. I think that this boom is not only because BTC is increasing, but also the number of projects that have been developed in the BSC has driven the use of BNB for the investment of NFT players.

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November 11, 2021, 06:27:47 AM
 #68

the best time to buy bnb is when there is a correction in the price of bnb. ATH bnb is around $600+ and buying below its ATH price is the best chance.

Maybe at this time BNB has not reached its peak, so I think now is still the right time to have a BNB. Progress after development, BNB continues to strive to reach the top supported by its network which is most widely used on every major project and exchange.
The peak price that BNB has ever reached was $675 this year too, so it's clear that for now the price is still below the ATH price that it has achieved, even if it's still very confident to buy it again, then I don't think it will be wrong because the potential is still there and will never be bad for this year before the new year comes.
~
The peak price that BNB will reach this year could pass the highest price ever on 5/3/2021 at $675 at the time. But rest assured if market conditions are as they are currently going, it is very likely that BNB will reach a new ATH. Currently BNB is already at a price of $593.
bnb is on its way to new ATH maybe in the next few hours, buying bnb now is certainly still profitable.
That's right. In particular, Binance Coin that there is still a chance to make a profit if you still want to buy BNB at this time because the potential for BNB to reach the latest ATH is also still there based on the movement of the market situation in recent times until today. However, it would be even better if we were able to refrain from buying any coins when the price was rising as it is today.

BNB is indeed one of the best altcoins and worth buying, but since the price of BNB is now too high, now is not the right time to buy it. Unless we
buy BNB for long term investment, and indeed planning to hold BNB for the next few years, can buy BNB at the current price. Because based on
the results of the research and analysis I did, BNB has the potential to reach new ATH in the near future, so holding BNB in the long term is of
course much more profitable. If we don't plan on holding BNB in the long term, like you said, better to be patient not to buy BNB at high prices
like now. Because if we want invest in any coins, buying at a low price is much better, so if we want to buy BNB, we should wait for the price of
BNB to go down.

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November 11, 2021, 10:28:48 AM
 #69

This is awesome and most limited way of purchasing modest BNB, if not, it will continue to climb and you will miss the train. I'm certain this is the more terrible inclination we could envision. Yet, it is absolutely impossible that we can realized what is the best an ideal opportunity to purchase except if you have a precious stone ball and you are so damn acceptable on exchanging.


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November 11, 2021, 09:06:21 PM
 #70

Good things happened in the last quarter of 2021. Prices of all altcoins experienced correction and price stable. It's not wrong if the price of BNB also goes up. BNB price today US$612,38 (11.6%). Maybe next year in the first quarter of 2022 it will rise to US $ 800 seeing market conditions are getting better.

in this case, there's no right or wrong time to buy. if you strongly believe that it will further increase in the coming months, why not buy today? and just sell it once the price is going up or higher than your buying price. people sometimes decide to buy when they see the price is shooting up, it should be before the price goes up.
and we're talking about BNB here. it is not just a crap meme token that will disappear into thin air, it is backed by the top exchange and a lot of things will still come to this platform.
In a way I understand why people could be apprehensive to buy BNB at the moment, we must remember that not so long ago binance was an exchange that allowed their users to trade on their platform and if you did not wanted to go through their KYC policies you could trade there and you had a withdrawal limit of 2 BTC, which was more than enough for most people, but during this year they have taken a lot of actions against their users so they are losing customers to other exchanges and it is unlikely they are going to get them back as people do not like they have become so strict about their KYC policies.

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November 12, 2021, 08:57:07 AM
 #71

The question is you want to buy for the short term or long term.
Long term = Buy now, because it is certain that you will make a profit in the future.
Short Term = Buy when Binance announces the launchpad project. Usually if Binance announces the launchpad the price of BNB will immediately go up, and you can make a profit from there.
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November 12, 2021, 10:24:59 AM
 #72

The question is you want to buy for the short term or long term.
Long term = Buy now, because it is certain that you will make a profit in the future.
Short Term = Buy when Binance announces the launchpad project. Usually if Binance announces the launchpad the price of BNB will immediately go up, and you can make a profit from there.
Maybe that can be a sign to know when to buy BNB at the right time but we still do not know when the time is. Maybe what he needs to do is just wait until the price gets correction because once the price get correction, the price will go down temporarily and sometimes, the price will drops too deep so that can be your good time to buy BNB. Maybe buy now will be good idea as the price is not increase too high after the correction before but you need to analyze more to get the right time.



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November 12, 2021, 11:57:35 AM
 #73

BNB should be held to 500 or so by all means. Otherwise it won't be any different from ETH. Cheap and fast transactions + rich ecosystem led by binance.com.
I didn't buy a coin now, I only keep the ones from before ATH. There are other coins for speculation.
The target price on BNB is $1000 and ETH is $5000 as long as the market is in good shape and even then it is almost very close to being reached by both now, so it would not be wrong if you still keep both or one of the two because they are equally good and also potential to grow again.
The strong uptrend is clearly going through the market for both Etha and BNB .I think the opportunity still on our hand to get some coin cause the trend showing the potentiality to reach 1000$BNB and 5k$ for Eth .We just need to become patient it could reach in near future on this mark .I am not inspiring you to invest i just have shared my thought into it .You can research and invest to get a good return .

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November 12, 2021, 12:48:01 PM
 #74

BNB is a coin that has a large community. so it is very difficult when we wait for the price of this coin to fall to the lowest price. So in essence, if we want to trade this coin, we must always follow the current price developments
Currently BNB is also undergoing a correction in a very small size and is still very good to buy, because I personally have never been afraid to buy BNB, especially since the network from BNB is still widely used in new projects and it is still quite cheap to make transactions via the BSC network.



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November 12, 2021, 02:03:33 PM
 #75

Do not be in a hurry and rash in making a purchase, because it requires an understanding of market conditions and research before investing. By adhering to the initial principal, You can apply the investment method with the buyer little by little on a regular basis without considering the price at the time of purchase. That way you won't be worried when the price drops or experiences sideways.
The best way to invest is to buy the dip. Then hold it for some time and sell it at the highest price in order to make a profit.

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November 12, 2021, 08:59:26 PM
 #76

Is it really that important to buy something "at the right time" when it is something that has so much future?
I mean imagine this, BNB could very well be 10k in 10 years, we all know that possibility, so if you buy at 600 or buy at 700 would that make all that much of a difference for you?

I mean if you are a billionaire then sure it would make all that much difference to you, however most of us can afford at max 10 bnb, maybe some that could afford a lot more but most people can either get 10 or less. That means right now is not really that much of a difficulty, just get it and then hold it for 10 years and become a lot more richer than you could with anything else. That is just the way crypto works for you, you just buy and do absolutely nothing and simply get richer.

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November 12, 2021, 09:14:56 PM
 #77

Is it really that important to buy something "at the right time" when it is something that has so much future?
I mean imagine this, BNB could very well be 10k in 10 years, we all know that possibility, so if you buy at 600 or buy at 700 would that make all that much of a difference for you?

I mean if you are a billionaire then sure it would make all that much difference to you, however most of us can afford at max 10 bnb, maybe some that could afford a lot more but most people can either get 10 or less. That means right now is not really that much of a difficulty, just get it and then hold it for 10 years and become a lot more richer than you could with anything else. That is just the way crypto works for you, you just buy and do absolutely nothing and simply get richer.

Definitely bro. It is always good to think about cryptocurrencies in the short term and to buy and sell. I also agree with you. get it today. wait at least 5 years and be happy. be rich and happy Smiley
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November 12, 2021, 09:32:43 PM
 #78

It's almost impossible to catch the right time in cryptocurrencies. That's why I always recommend buying piecemeal. As for BNB, bnb is one of the most reliable coins and when you become a bnb holder, they give you many rights, you can earn extra income from the launch pool and other pre-sales. Recently, very good developments have been made and there are marketing good also. They have also entered the football fan token business. I expect to see over $1000 by the end of the year.

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November 13, 2021, 07:28:03 PM
 #79

If you ask how to buy the coin at the right time, the answer will be difficult because we do not know when the price touches the bottom and then bounce up. But as long as you can buy at a lower price, even if the price is still down, you will have a chance to make a profit because the price will bounce up. That is work for the coin that has an opportunity to increase such ethereum, bnb, and the other top coins. But if that is about the other coins that do not have much support or low market cap, it will not be easy to detect the lower price.

Maybe I will try to buy the coin when the price drops deeper and once the red candle shows in the market, I will prepare to wait for the next candle or place my order buy at another lower price. But I will analyze to predict when the price reaches the lower price or trying to detect if the downtrend is come or still waiting for more.

We seem to have almost similar visions and thoughts. I think the right time, the right coin and the right amount of investment are critically important. Above all, it is necessary to be an investor who will show patience. I think instant easy gains are not possible in crypto anymore.
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November 13, 2021, 08:07:06 PM
 #80

It's almost impossible to catch the right time in cryptocurrencies. That's why I always recommend buying piecemeal. As for BNB, bnb is one of the most reliable coins and when you become a bnb holder, they give you many rights, you can earn extra income from the launch pool and other pre-sales. Recently, very good developments have been made and there are marketing good also. They have also entered the football fan token business. I expect to see over $1000 by the end of the year.

Right now every thing is bullish and majority of coins are either at there ATH or near to that, its not good to buy anything when its at such point. Keep an eye on market and buy when there is dip.


Quote
They have also entered the football fan token business. I expect to see over $1000 by the end of the year.
If you are refering to this news, Binance Partners with Famed Portuguese Football Club FC Porto to Launch FC Porto Fan Token (PORTO), then i don't think it will bring any change in price of bnb. Its going up because BTC is up, its really that simple.

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