At the moment, i just fancy my chances, investing around BNB coin, than investing around BTC. The high volatile nature of Bitcoin isn't giving me the mind to through my funds into it. I feel inside me, that the funds will lose lots of value as more bearish run occurs. Since BNB coin entered into the crypto market, it has been on the rise, and profit has become inevitable around the coin. I understand it is not moving well as planned, it is still experiencing its bearish run. But it isn't dipping like the way BTC is going down.
Is it that binance manipulate the price of the coin on their own?? Or its just something else that is unforseen? I don't just get that word burn' if its something they have control over, like the way yobit have control over their own shit coins. That's one of the reasons why i don't trade shit coins, cos it is easily manipulated.
Burning of cryptocurrency actually increase the price of cryptocurrency because it will give that particular coin a value, most of the cryptocurrencies that are born might not be the best for investment except a coin like BNB, we all need to make a research before investing in any coin that interests us.
I know when I observe the price movement of BnB it is always higher in terms of percentage more than the movement of bitcoins, a lot of people is advising me to invest on bnb because of the smart chain technology, well I don't know if I should consider that as the one I should go for.
BNB won't remain forever, Binance has a plan to burn BNB, it keeps burning it intentionally, so that is not going to be very good unless they have a plan to keep the crypto at some level.
Did you come to any conclusion? It would be better to know what you decided (no problem if you want to keep it secret, but it is better to inform if you reached the conclusion.
You're right, Bitcoin is the first crypto, its a digital asset where no one decides its fate, nor manipulate its price. But BNB coin is created by binance.com at times they can go extra miles and manipulating result, to make people panic, and into selling or trying to buy. Such up and down trend makes the coin more popular and valuable, and binance is gaining from it whole sole.
One must first read and understand a cryptos plan, in BNB whitepapers, they are not to be forever, Binance always burn down a part of BNB, don't know why? I was only investing in BNB due to value increase, otherwise I do not trust such cryptos. Bitcoin is bitcoin, it is first one and itself is a brand without anyone deciding its fate.
Bitcoin maybe the world best crypto, based on market capitalization, popularity, price value, and the number of whales investors etc. But BNB coin have shown enough strength to have outclassed, and smashed the record of being the coin with the highest increase in price percentage in 2021. It is worth investing cos it keeps increasing as days pass on.
