Quote from: Boomber on July 08, 2021, 04:38:48 PM

Quote from: numanoid on July 04, 2021, 10:31:08 PM

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.