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Author Topic: Appromixly how much time needs to recover BNB $310 price  (Read 509 times)
Shorkarjakir0000 (OP)
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August 24, 2023, 05:26:32 AM
 #1


 I have brought more than 4 BNB when it's price on around $307. after, that SEC call break the market. but, i'm still holding and i don't know it's future probility. so, it's dead or again it will recover?
afterall, how much it will take it to recover?
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August 24, 2023, 06:20:17 AM
 #2

$300 is really not that far off; all it's going to take in my opinion is for the allegations against CZ and Binance to die down. It shouldn't take that much time as long as Binance doesn't end up being insolvent or something of that magnitude, and as long as bitcoin doesn't shit the bed. Binance is still one of the biggest crypto exchanges and I don't see that changing anytime soon.

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August 24, 2023, 06:44:02 AM
 #3


 I have brought more than 4 BNB when it's price on around $307. after, that SEC call break the market. but, i'm still holding and i don't know it's future probility. so, it's dead or again it will recover?
afterall, how much it will take it to recover?


Nobody knows when the price will increase. But I would say you didn't buy at the worst price and you did not buy the worst coin. It has a chance to recover the price in the next bull run. But, we don't know how long it may take. Probably after the next Bitcoin halving? It may take more than eight months or so. Or maybe it can take less than that. That's all our prediction.

I am wondering why are you afraid. Didn't you buy it to hold it for a long time? If you want to buy crypto and hold it for the long term, I always suggest choosing Bitcoin. There is no alternative to Bitcoin for long-term investment.

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August 24, 2023, 08:12:18 AM
 #4

I have brought more than 4 BNB when it's price on around $307. after, that SEC call break the market. but, i'm still holding and i don't know it's future probility. so, it's dead or again it will recover?
Based on the BNB price chart, you bought around June 2023. That means it's still two months since you bought it and it's not that long ago. Do you think there are people who buy more BNB than you? I wonder if anyone around you in June 2023 bought BTC at 30K, while the current price for BTC is trading at 26,480.00.

afterall, how much it will take it to recover?
Do not panic. Drops in prices within days or hours are common in the crypto market.

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August 24, 2023, 01:29:19 PM
 #5

Nobody can tell you a definite answer even when you want approximations, unless if they are time travellers from the future. These are markets and worse still crypto markets. A coin can literally go from thousands of dollars to cents in a matter of days. It's why people are always supposed to invest only what they can afford to lose

That being said, since you already entered the trade, you are going to practice patience. Coins and even the worst of tokens usually pump in price during bull markets. We are looking at 2024-2025 if conditions remain constant. All I am saying is just hold if you can.

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August 24, 2023, 02:18:28 PM
 #6

I also have BNB. I believe they will continue to stay strong, especially its exchange. A lot of issues but the good thing about Binance is its willingness to work with the governments. I am confident $300 is very reachable next year if not this year.

Are you stressed or worried about your investment? I'd been in that situation before and I ended up selling all my holdings. Another option is to sell it and then buy a coin that you are more confident to hold. Bitcoin has been the most valuable coin in crypto ever since.

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August 24, 2023, 03:03:39 PM
 #7

I have brought more than 4 BNB when it's price on around $307. after, that SEC call break the market. but, i'm still holding and i don't know it's future probility. so, it's dead or again it will recover?
afterall, how much it will take it to recover?

BNB is a strong altcoin along with ETH and LTC.

Since you have been patient for a while and you keep holding your BNB, you need to be more patient because all these altcoins will only rise properly if the Bitcoin price is going up because the BTC price is indirectly controlling the entire cryptocurrency market.

BNB is currently trading around $217; your money is not far from recovering; therefore, I don't think it will take a long time before it recovers to the money you bought it. I will advise you to keep holding your BNB even after the price you bought it has recovered.

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August 24, 2023, 03:50:53 PM
 #8

I have brought more than 4 BNB when it's price on around $307. after, that SEC call break the market. but, i'm still holding and i don't know it's future probility. so, it's dead or again it will recover?
afterall, how much it will take it to recover?
I think when the FUD is gone for BNB that will be an easy break, maybe the start of the bull run will reclaim that valuation. It's far from dead considering SEC isn't the perfect organization to how they exhibit their ruling in the crypto industry and that's enough on how XRP is likely winning the case. There's no one would really know how much it will take to recover unless charges are drop or there has been some agreement between the two.

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August 24, 2023, 04:00:23 PM
 #9


 I have brought more than 4 BNB when it's price on around $307. after, that SEC call break the market. but, i'm still holding and i don't know it's future probility. so, it's dead or again it will recover?
afterall, how much it will take it to recover?


You seem to be new to the crypto. I would say you are still ok, 4 BNB at around $307 is still ok, although I understand it could be big money for someone. What I am saying is, be patient and one day the price will recover. No one knows when.

Now, this is important!
When you are new to the crypto and if you want to invest, BTC is the safest of the assets. (As safe as crypto can be) With BTC we know that it will not scam like other alt coins.
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August 24, 2023, 06:56:14 PM
 #10

You don't need to hesitate by holding BNB because it will recover again, not only BNB other coins have the same fate with a significant decline lately.

Don't panic, keep holding your BNB until the halving arrives, this will usually affect all prices including BNB, believe me if you can survive until that time.
Remember it's not just the SEC that is destroying the market but there are several other factors that can affect it this is a bearish market sentiment so I think all of them are affected by negative news.

You will never lose if you don't sell. Stay patient

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August 24, 2023, 07:21:01 PM
 #11

$300 is really not that far off; all it's going to take in my opinion is for the allegations against CZ and Binance to die down. It shouldn't take that much time as long as Binance doesn't end up being insolvent or something of that magnitude, and as long as bitcoin doesn't shit the bed. Binance is still one of the biggest crypto exchanges and I don't see that changing anytime soon.

The price of BNB already reached the twice,last year at the month of October the price of BNB reached the value of 350$.This year during the first half of 2023,the price of BNB reached 350$ again in April month.Since the Binance Smart Chain was supporting many projects,the demand of BNB was steadily increasing.This will automatically increase the price of BNB.The price of BNB was expected to 400-500$ in 2024,Since the next halves of bitcoin will going to occur in 2024.

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August 24, 2023, 08:06:51 PM
 #12


 I have brought more than 4 BNB when it's price on around $307. after, that SEC call break the market. but, i'm still holding and i don't know it's future probility. so, it's dead or again it will recover?
afterall, how much it will take it to recover?

BNB's price as of writing then its $217.22 which it isnt really that too far off with that $307 of your entry. Therefore, it would really be just wise that you should hold your position as it should be the wisest thing to be

done considering that selling on loss is never been that an ideal because we know that prices could really be that able to recover or would really be tending to shoot up afterwards but of course it would really be basing up on what market cycle we are still into.We are still now on a bear market but if the halving occurs on next year then expect that bull run would kick in and this would be particularly talking about Bitcoin and when this happens then expect that other altcoins in the market would really be doing the same. Seeing new ATH? Its better to hold your BNB and dont make yourself that impulsive on checking out the market prices
every now and then because this is where people do usually find themselves getting affected just because they are really that actively seeing those numbers which i could say that its never been that recommendable
on doing so.

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August 24, 2023, 08:23:50 PM
 #13

don't panic too much bro, look at how BTC is now, if BTC crashes then everything will follow. You just have to wait or buy again at a low price. BNB is the top altcoin after Ethereum which is good for long term investment. If you buy 4 BNB at $307, that's not too far from its current price of $219. Use your money reserves to buy back, when Bitcoin is bull run and stable, Altcoins will follow.
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August 24, 2023, 08:57:58 PM
 #14

Its Going to take a bit of time before BNB returns to that price again .We are still in a bear market and BTC is currently showing us more bearish signs cause it was unable to break its 30-32k resistance zone meaning prices can deep much more lower. Its hard to make a choice of what to do in this very volatile Market condition.

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August 24, 2023, 09:59:45 PM
 #15

afterall, how much it will take it to recover?
Do not panic. Drops in prices within days or hours are common in the crypto market.

The fact is that the fud around CZ and Binance does not subside. Now I very often meet such an opinion that Binance can repeat the fate of FTX and, accordingly, the price of an exchange coin can collapse as well as the price of FTT. However, I am sure that this negativity will end and the BNB price will return to its ATH.

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August 24, 2023, 10:40:49 PM
 #16

Its Going to take a bit of time before BNB returns to that price again .We are still in a bear market and BTC is currently showing us more bearish signs cause it was unable to break its 30-32k resistance zone meaning prices can deep much more lower. Its hard to make a choice of what to do in this very volatile Market condition.
The market structure of Bitcoin in the weekly timeframe is creating HH and HL, so how did you say that we are still bearish. Being in the bullish market doesn't mean there's a massive volume as we saw way back 2021. As long as the price of Bitcoin won't close below $$20k, I will consider that what's happening in the market is just a retracement.

Aside from that, BNB is in the strong support, and there's a lot of demand there as we see using RSI, it's creating divergence. If ever Bitcoin will make a massive drop, the support zone of Bnb will be tested again. So don't worry about Bnb chart that much instead worry with Bitcoin.
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August 25, 2023, 08:23:37 AM
 #17

Do not panic. Drops in prices within days or hours are common in the crypto market.

The fact is that the fud around CZ and Binance does not subside. Now I very often meet such an opinion that Binance can repeat the fate of FTX and, accordingly, the price of an exchange coin can collapse as well as the price of FTT. However, I am sure that this negativity will end and the BNB price will return to its ATH.
I don't know where to start with this dispute because I really don't really care about the price of BNB and don't really care about this dispute, because the price of coins like BNB and other altcoins will improve again when the price of BTC reaches a peak.

The loss he experienced in buying BNB at a price of $307 is not too big because the current fall in BNB prices is not too far compared to investors who have bought at a higher price and are still saving up to this moment so we need to tell him with the words don't panic, that rising and falling prices is a normal activity of the market.

I also believe the negativity you said will end and BNB will return to its ATH will likely happen when BTC reaches its latest ATH.

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August 26, 2023, 05:08:20 AM
 #18


 I have brought more than 4 BNB when it's price on around $307. after, that SEC call break the market. but, i'm still holding and i don't know it's future probility. so, it's dead or again it will recover?
afterall, how much it will take it to recover?


There is no specific timeline about that target price you ahve for the BNB to recover. Regardless of the price, it’s just prediction and speculation and there are no guarantees or promises about the time that it would recover.

It may just be within hours, days or weeks. Doesn’t matter. You should not have too much expectations regarding the timeline of the BNB’s recover price that you are targeting.

When you have bought BNB, you should have already acknowledged the fact that it is considered “dead money” on the amount that you have committed. If it goes up, then good for you. But if it’s just being down especially for a long time, just acknowledge it and not smart to sell at a loss.
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August 26, 2023, 12:49:06 PM
 #19

Nobody can tell you a definite answer even when you want approximations, unless if they are time travellers from the future. These are markets and worse still crypto markets. A coin can literally go from thousands of dollars to cents in a matter of days. It's why people are always supposed to invest only what they can afford to lose

That being said, since you already entered the trade, you are going to practice patience. Coins and even the worst of tokens usually pump in price during bull markets. We are looking at 2024-2025 if conditions remain constant. All I am saying is just hold if you can.
Such a good thing to say, it is 100% true and I agree with it without a doubt. If we are looking at something that is into the future, we will not be able to know what it will do, we are going to just have some sort of guess, but we will not know about it. We should be considering the situation to be a lot more important to just predict the direction, if you can predict the direction that is more than enough, no need to try to predict the exact price.

I think if you try to guess the exact price, there is a bigger chance that you will be wrong, but if you want to predict the direction that means you have 50% chance, it will either go up or down. I think in the next 3 months we will see higher prices, but don't know how much.

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August 26, 2023, 01:25:33 PM
 #20

$300 is not that far off; all it's going to take in my opinion is for the allegations against CZ and Binance to die down. It shouldn't take that much time as long as Binance doesn't end up being insolvent or something of that magnitude, and as long as Bitcoin doesn't shit the bed. Binance is still one of the biggest crypto exchanges and I don't see that changing anytime soon.
This is the same angle from which I'm looking at Op's BNB purchase situation, $310 per coin isn't too far away from the current price, Op, just as mk4 said, only what it takes is for the case to die down or either remain like this and if the case is not yet settled until we hit next bull market, I do believe that BNB would have a price recovery and even go above your purchased price because of its use case for paying gas fees.

All that it requires you to do is to be patient or if you are no longer comfortable holding BNB, you can make a change in decision to convert your portfolio into Bitcoin and have peace of mind with your investment.



 
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