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.