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Author Topic: Should I buy BNB now?  (Read 2958 times)
Velemir Sava
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November 30, 2023, 07:48:23 AM
 #261

I'm also interested in this CZ coin, but the price is very sad for hodlers because it dropped after the incident, but even so, this is not a barrier if he is a fan of BNB coins, regardless of whether there are issues or not, he still buys it, especially now. Yes. BNB is good to buy and hold for the next 10 years and many say the price will be $1K.
     

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November 30, 2023, 07:56:01 AM
 #262

With all the FUD that Binance has suffered, the exchange is still the main exchange in the space shows something, that Binance is here to stay. The token dumped seriously and the price has not caught up with the recent pump in the market, out of all the top project in the space in terms of fundamentals BNB is still the most undervalued, they are launching new L2 soon, as we enter the bull market there will be increase in number of projects listed on Launchpool and Launchpad all these will drive the price up, this is a free 10X to me the risk to reward is very low, and I will be adding to it with time, especially if the price dumped
Honestly, I still remain optimistic about BNB in the future. Until now Binance is still the best exchange, and it may only be a matter of time until everything returns to normal. I also think it's a good idea to buy BNB little by little, especially when the price is dumping like it is right now. Sooner or later, I'm sure the price movement will return to normal.

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November 30, 2023, 10:08:57 AM
 #263

Bnb is good fundamental coin but the amazing thing is behind the bnb is BTC if BTC movement is same like now it will also go up but I think bitcoin will go in same movement which will give a good hype to bnb also I m thinking all investe now want to take profit in this bill run I also decided to buy BTC if they again dip to 30k and I hope it will give good profit If I hold it to 60k

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November 30, 2023, 11:43:13 AM
 #264

Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?

BNB is struggling at the moment and I don't think there would be a large change until February when CZ is  going to get sentenced.
And there's been rumors that the sentence is going to be hard. Even if the sentence are relatively small like a billion fine, that would make the price plummet for some days.
The event won't have much effect on binance and BNB itself but the emotional effect on the market price would be real.
So it's wiser to wait for February and buy BNB lower than 200. I personally have a small amount of BNB, which I'm intending to sell withing this year and wait for the ultimate crash.

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November 30, 2023, 12:31:38 PM
 #265

BNB is the native token of Binance, one of the largest and most popular cryptocurrency exchanges, so many people store BNB depending on Binance's popularity. BNB has seen impressive growth since its inception. It has recorded significant gains, making it an attractive investment option for some individuals. However, past performance does not guarantee future results. Binance is going through challenging times though. Binance CEO CZ Issue We do not understand what kind of market may come in the coming days. So it is better not to buy BNB right now.
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November 30, 2023, 01:18:53 PM
 #266

Honestly, I still remain optimistic about BNB in the future. Until now Binance is still the best exchange, and it may only be a matter of time until everything returns to normal. I also think it's a good idea to buy BNB little by little, especially when the price is dumping like it is right now. Sooner or later, I'm sure the price movement will return to normal.
For me, BNB is my third coin in my portfolio besides BTC and ETH. Because for me these three coins both have a good future for making profits. Apart from Binance being the best exchange as you said, Binance has also gone through many challenges recently and they have managed to survive this far, this means that the team they have is also very strong, as long as Binance is still surviving, I will continue to use the DCA strategy for BNB.

because for me it's still worth it, just hold on to the BNB coin and be patient. Later the price will also be high, like the Ethereum coin, the price will go up a little, now while it's still cheap, don't regret it if the price is already high.

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November 30, 2023, 01:33:57 PM
 #267

Honestly, I still remain optimistic about BNB in the future. Until now Binance is still the best exchange, and it may only be a matter of time until everything returns to normal. I also think it's a good idea to buy BNB little by little, especially when the price is dumping like it is right now. Sooner or later, I'm sure the price movement will return to normal.
For me, BNB is my third coin in my portfolio besides BTC and ETH. Because for me these three coins both have a good future for making profits. Apart from Binance being the best exchange as you said, Binance has also gone through many challenges recently and they have managed to survive this far, this means that the team they have is also very strong, as long as Binance is still surviving, I will continue to use the DCA strategy for BNB.

because for me it's still worth it, just hold on to the BNB coin and be patient. Later the price will also be high, like the Ethereum coin, the price will go up a little, now while it's still cheap, don't regret it if the price is already high.
Even though CZ resigned from his position as CEO at Binance, in reality the price of BNB still did not experience a deep decline. This indicates that the level of trust of BNB holders is still very high. And I personally also have BNB in ​​my portfolio and I still continue to hold it to this day. Because I also believe BNB is worth holding as a medium-term investment. Although I don't hold a lot of it. But I also still accumulate little by little every time I have cold money. I prioritize BTC and the rest I put into altcoins such as BNB and ETH, as well as several other altcoins. Dyor

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November 30, 2023, 02:04:33 PM
 #268

Bnb is good fundamental coin but the amazing thing is behind the bnb is BTC if BTC movement is same like now it will also go up
You should be careful of what you are saying as there are many times that they move in the opposite direction and I don't even regard BNB as Bitcoin's coin as they do not correlate all the time. But, of course, BNB will definitely rise when other cryptocurrencies are rising even if the buying is not much.

And if you check the fundamentals of BNB recently, you will realise that it's not good, especially as Binance that owns it was fined $4.3B.

Technically, BNB has dropped from $273+ to below $233 in a few days after the ugly CZ news and the overall bias remains bearish still. My advice for anyone who is interested in it is to wait and study how the situation unfolds in days. I suggest a buy only when a bullish pattern is formed on the larger timeframes, and 1D and 1W charts should be a good guide by then.

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November 30, 2023, 03:47:39 PM
 #269

Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?

My advice is that if you want to buy BNB, don't time the market. It's better for you to buy in installments rather than waiting for the price to fall and what's more with the Binance case where yesterday BNB dropped significantly. BNB is still staying and I predict BNB will fly in the next bull run.

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November 30, 2023, 05:38:00 PM
 #270

Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?
It's need to buy soon before the price goes up. Now is the best time to buy. Binance is becoming a legal company and will only continue to grow. The most important complaints from regulators seem to have already been resolved
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November 30, 2023, 05:45:39 PM
 #271

BNB is one of the altcoins that has great potential and fundamentals in the crypto market, especially now that the price of BNB is still very affordable and has not experienced a significant increase, of course it is very worthy of investment and now is the right time to buy BNB, and I am sure BNB will provide huge profits in the future.

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November 30, 2023, 05:55:55 PM
 #272

Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?
It's need to buy soon before the price goes up. Now is the best time to buy. Binance is becoming a legal company and will only continue to grow. The most important complaints from regulators seem to have already been resolved

The more Binance become legal, it will become more worst exchange.. Binance will do all what authority want.. People love btc because of its decentralized nature.. If we want regular exchange then it is not good to use stock exchange?

I hope Binance will rise but my reason and expectations is different. I think people adoption reason will be OPbnb and bnb chain which is I think main reason of adoption. Opbnb is catching attention of many web3, gaming projects which is sign of success for bnb chain also. This success will increase the growth of bnb price.

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November 30, 2023, 06:50:38 PM
 #273

If bnb coin price is low now then you can buy but according to your ability. Currently bnb coin is very popular and their marketcap is huge. Their project has been doing business in the market for a long time and indeed they are long time. Moreover they have some standard several systems where you will get profit. I may be able to explain it with logic but in simple terms you should understand that it is dependent coin.

BNB had its time in the last cycle but i don't think it will perform like that in this cycle. Also there are so many issues with binance ongoing that it seems risky to invest in an exchange coin like BNB. It has its own ecosystem and project but it is heavily influenced by binance so any negative impact on binance will heavily impact the BNB price. CZ was one of the masterminds behind binance and its L2 blockchain BNB so without him not sure how well it will operate where there is already so many L2 in the market.
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November 30, 2023, 08:01:41 PM
 #274

If bnb coin price is low now then you can buy but according to your ability. Currently bnb coin is very popular and their marketcap is huge. Their project has been doing business in the market for a long time and indeed they are long time. Moreover they have some standard several systems where you will get profit. I may be able to explain it with logic but in simple terms you should understand that it is dependent coin.

BNB had its time in the last cycle but i don't think it will perform like that in this cycle. Also there are so many issues with binance ongoing that it seems risky to invest in an exchange coin like BNB. It has its own ecosystem and project but it is heavily influenced by binance so any negative impact on binance will heavily impact the BNB price. CZ was one of the masterminds behind binance and its L2 blockchain BNB so without him not sure how well it will operate where there is already so many L2 in the market.
Correct.  Bnb prices are indeed greatly influenced by the development of the Binance exchange.  In the past, when this exchange didn't have any problems, many predicted that the price of bnb would reach $1000. However, after recently the binance exchange was hit by various problems, it will be very difficult for bnb to increase.  But again, in trading anything can happen


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November 30, 2023, 09:17:50 PM
 #275

I'm also interested in this CZ coin, but the price is very sad for hodlers because it dropped after the incident, but even so, this is not a barrier if he is a fan of BNB coins, regardless of whether there are issues or not, he still buys it, especially now. Yes. BNB is good to buy and hold for the next 10 years and many say the price will be $1K.
     
We're in the market to milked it and not get our accounts liquidated from the system. It can be bulky and the things we do might fall on the wrong sides often. You expects an investor or trader to hold an altcoin for 10 good long years? Ofcourse it's impossible because there are other needs to settle and we need money settle our bills and our basic needs. I wouldn't blame anyone that doesn't stand in good position to hold coins because they just couldn't survive but can fly to higher heights with appropriate settings. BNB is the native token of Binance and its chances of skyrocketing to the moon is very promising just as Bitcoin and Ethereum.

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December 01, 2023, 03:40:37 AM
 #276

Bnb is good fundamental coin but the amazing thing is behind the bnb is BTC if BTC movement is same like now it will also go up but I think bitcoin will go in same movement which will give a good hype to bnb also I m thinking all investe now want to take profit in this bill run I also decided to buy BTC if they again dip to 30k and I hope it will give good profit If I hold it to 60k

The decision to buy BNB coins is right for other crypto assets and should not be taken carelessly. Why is that? Because when we consider entering the world of crypto, we must understand the risks involved, the potential profits we can gain, and how market trends can affect our investments as they are currently doing. Without proper research and good understanding, we run the risk. make impulsive decisions that could negatively impact our portfolio. So, don't rush into making this decision.

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December 01, 2023, 04:58:22 AM
 #277

Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?

If OP or someone decides to buy BNB (Binance Coin) at this time, it depends on each individual's TA analysis let alone the current market situation. Regulatory issues with the SEC could indeed affect BNB's price and future prospects. it might not be wrong to consider the risks associated with this uncertainty before making an investment decision and of course you know, this is a buying opportunity for BNB because it is very affordable and is still discounted at $229 after the last incident.

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December 01, 2023, 06:45:26 AM
 #278

BNB is one of the altcoins that has great potential and fundamentals in the crypto market, especially now that the price of BNB is still very affordable and has not experienced a significant increase, of course it is very worthy of investment and now is the right time to buy BNB, and I am sure BNB will provide huge profits in the future.
Their platform token BNB is under a lot of pressure along with the Binance exchange. How much BNB will be able to advance in the coming days is yet to be told clearly. We've already seen Binance CEO CZ indicted for anti-money laundering and fined $4.3 billion. In addition, a fine of 1 billion dollars has been imposed against superstar football star Ronaldo. Creating so much pressure about Binance never brings benefits to Binance. But all these difficulties can be overcome by Binance Exchange but it can be safe to use Binance Exchange and invest in BNB. But right now Binance Coin BNB is not safe to invest no matter how low the price is. Still those who feel like investing at their own risk can wait and invest.

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Kelward
Sr. Member
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December 01, 2023, 06:51:53 AM
 #279

Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?

BNB is struggling at the moment and I don't think there would be a large change until February when CZ is  going to get sentenced.
And there's been rumors that the sentence is going to be hard. Even if the sentence are relatively small like a billion fine, that would make the price plummet for some days.
The event won't have much effect on binance and BNB itself but the emotional effect on the market price would be real.
So it's wiser to wait for February and buy BNB lower than 200. I personally have a small amount of BNB, which I'm intending to sell withing this year and wait for the ultimate crash.

One big determinant of cryptocurrency market supply and demand is news, so if the news of a particular crypto coin is not too good it might affect it negatively, one way or another. The exit of CZ as the CEO of binance, coupled with the charges against him is not a good sign for BNB. We don't know what becomes of binance, in extension BNB, now that a new CEO is taking over the reins of power, if he under performs, then it could mean the beginning of the end for binance and BNB. So with all this recent happenings, I think that BNB might not be good to buy now, it's better to wait and see what becomes of binance, after CZ is probably sentenced. Good thing we're entering bull run, and we have many options to choose from, bitcoin and other top altcoins.












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Hero - Legendary Member
GlacierBIT
Sr. Member
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Activity: 896
Merit: 255


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December 01, 2023, 12:52:15 PM
 #280

Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?

BNB is struggling at the moment and I don't think there would be a large change until February when CZ is  going to get sentenced.
And there's been rumors that the sentence is going to be hard. Even if the sentence are relatively small like a billion fine, that would make the price plummet for some days.
The event won't have much effect on binance and BNB itself but the emotional effect on the market price would be real.
So it's wiser to wait for February and buy BNB lower than 200. I personally have a small amount of BNB, which I'm intending to sell withing this year and wait for the ultimate crash.

One big determinant of cryptocurrency market supply and demand is news, so if the news of a particular crypto coin is not too good it might affect it negatively, one way or another. The exit of CZ as the CEO of binance, coupled with the charges against him is not a good sign for BNB. We don't know what becomes of binance, in extension BNB, now that a new CEO is taking over the reins of power, if he under performs, then it could mean the beginning of the end for binance and BNB. So with all this recent happenings, I think that BNB might not be good to buy now, it's better to wait and see what becomes of binance, after CZ is probably sentenced. Good thing we're entering bull run, and we have many options to choose from, bitcoin and other top altcoins.



This whole story with bnb fits the final chord, at such moments it is better not to take risks and not deposit your savings, perhaps only a small part, for the sake of experimentation. We won’t get early insights, but big news is sometimes difficult to follow. It’s better to just continue to monitor this situation.

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