Regarding bnb, in fact, bnb is also my big position, and I have held it for a long time.
Bnb has performed well recently, exceeding my expectations, so there is not much to say.
Analytical value is more important than mindless hype.
Value is the support for growth, and speculation without value is difficult to grasp.
Although mindless speculation is more likely to make you rich overnight, it is only the darling of one in a hundred or even one in a thousand.
Recently, a certain meme has increased hundreds of times, but I haven’t bought it. It’s not that I’m not optimistic about these things, but I just don’t understand them, or it’s difficult to control them. If I had operated carelessly in the past two or three years, I would have returned to before liberation. It is because I controlled my operations less and did not engage in things I did not understand that I survived in the bear market and achieved results that were cut in half, but at least I retained most of the profits from the previous round; the bull market has achieved so far 4.5 times the profit. Beyond the peak of creation.
So I will simply talk about bnb that I can understand.
The recent rise in bnb made me suffer from profit phobia, but since I deposited it regularly, I didn't move at all. Although calculated from the bottom, plus mining, the income is about 3 times, which is not too much compared to some copycats. But it's already satisfying for me. After all, my position is not very light, and I didn’t sell any of it the whole time. When it was at a low level in the past, I would increase my position and reinvest if I had mining stocks sold.
First is the quarterly burn:
Each quarter in the past, bnb's burned funds were about 500 million US dollars. With the bull market coming, burning 1 billion US dollars in a quarter is not an exaggeration. According to the average price of 600 US dollars, more than 1.5 million coins can still be burned in a quarter, and 6 million coins in a year. The annualized deflation rate is 4%.
The second is to start new mining. When BNB was around US$300, my mining income could reach 2-3%. Now that the BNB price has gone up, the mining income has dropped a bit, averaging 1% at a time. Binance’s current new listing speed is about 2-3 times per month. I calculated the average to be 2.5 times, so the revenue from new listings every quarter is 2.5%. Excluding reinvestment, the annualized return is 30%, which is quite high.
The second is financial management and other activities. For example, the current annual return of regular financial management on BnB is 1-2%. Sometimes there are some other activities, such as this one. I participated in the activity of depositing and receiving airdrops regularly. As expected, I can also get some xai tokens. currency.
Taken together, bnb's various activities can achieve an annualized rate of return of about 35% on a currency basis.
Secondly, bsc chain status, bnb is not only a platform currency, but also a public chain token. DeFiLlama data shows that the trading volume of DEX on the Ethereum chain on March 15 was US$3.939 billion, ranking first. The daily trading volume of DEX on the Solana chain is US$3.573 billion, ranking second; the daily trading volume of DEX on the BSC chain is US$2.218 billion, ranking third.
BSC is currently ranked third in the public chain, which is also of considerable value.
The above is my understanding of the value of bnb. Of course, there are other empowerments such as Binance Storage, which I don’t understand. So I won’t pretend to understand too much.
Even if I can see the value, the price of bnb is still not particularly overvalued now.
Of course, after talking about value, we have to talk about risk.
The main risk for bnb lies in supervision and inability to innovate and follow up.
This depends on the individual weighing the pros and cons. Investment always involves risks. If there are no risks, it is not called investment. It is because there are still many uncertainties, which is why BNB is currently neither rising nor falling. But to put it another way, if all risks are eliminated, do you still have a chance?
Just like, if the pie truly surpasses gold, then it will be just a financial product for ordinary people. Early investors take risks in order to obtain sufficiently high returns.
I read the article for myself. If others read it, they will understand better. If they don’t understand, just think I am joking. After all, my current knowledge is only so far, and there is still a lot to learn.
