Binance Token Beating the Bloodbath - Better than stable coins?
Weekly Chart- I am basing this off BTC continuing to head down in the near future. This is what I'm expecting to see happen over the next couple weeks or so, an initial sell off of both but a gradual increase of BNB price vs a gradual decrease of BTC price. When the market comes back, I will have more value with my BNB compared to if I just held in BTC.
Selling 1 BTC for 832 BNB Binance coins = (0.0012017 sats back then) when it was around $10,000 back in January would have earned you around an extra .33 BTC = $2.3k if you were to sell that BNB around now Early Sep 2018
Instead of your 1 BTC being worth $7070, you would have around $9.3k worth of bnb
When BTC gets back to $10,000 you would have about $13300 worth.
Please let me know if my math is off or this theory has holes in it.
Yes this is annoying because we can't go back and do this over but if this continues, it maybe better to go into Binance coin instead of tether or other stable coins. I'd love some feedback on this, thoughts, pros, cons etc.
I do not claim to have all the answers and there are definitely risks with attempting a strategy like this so please get 2nd-3rd-4th opinions before trying this. Please do not make any financial decisions based on this theory.
I'll be creating a video on this chart and theory shortly after finishing this chart here - https://www.youtube.com/c/TeamJoeyRocketCryptos?sub_confirmation=1
Selling 1 BTC for 832 BNB Binance coins = (0.0012017 sats back then) when it was around $10,000 back in January would have earned you around an extra .33 BTC = $2.3k if you were to sell that BNB around now Early Sep 2018
Instead of your 1 BTC being worth $7070, you would have around $9.3k worth of bnb
When BTC gets back to $10,000 you would have about $13300 worth.
Please let me know if my math is off or this theory has holes in it.
Yes this is annoying because we can't go back and do this over but if this continues, it maybe better to go into Binance coin instead of tether or other stable coins. I'd love some feedback on this, thoughts, pros, cons etc.
I do not claim to have all the answers and there are definitely risks with attempting a strategy like this so please get 2nd-3rd-4th opinions before trying this. Please do not make any financial decisions based on this theory.
I'll be creating a video on this chart and theory shortly after finishing this chart here - https://www.youtube.com/c/TeamJoeyRocketCryptos?sub_confirmation=1
