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ubercool (OP)
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February 11, 2020, 03:20:19 PM |
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There was a time when investors and newbies went on a crazy spree to invest on exchange tokens like BNB, OKB, BIX, HUOBI TOKEN, Kucoin Shares and Aurora...
Many of them strated pumping from 3-4 days and it was not a small one. I have seen that this happens when BTC moves big. What is your opinion on this..?
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Winscosinally
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Activity: 490
Merit: 16
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February 11, 2020, 03:36:52 PM |
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Its good move if one wants to invest in exchange tokens or coins, but not all of these coins are good, binance coin (bnb token) is very good in value today because the team put the token at good use on the exchange, it all depends on the team's move
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shaheer001
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February 11, 2020, 03:59:07 PM |
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You are right now exchanging coins are more profitable than other good tokens as exchanges tokens/coins has a good offer like staking, daily profit sharing and low or zero fees for withdrawing/trade.
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OasisDre
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February 11, 2020, 04:02:48 PM |
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I can say they are well supported by not all exchanges are good, coinsbit have joined the race as well and I'm sure in a few years time it will worth more, it seems investors are more interested in exchange coins and tokens, it seems they are hyped by investors because they think exchange coins will always rise in value than other coins
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masterrex
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February 11, 2020, 04:11:18 PM |
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There was a time when investors and newbies went on a crazy spree to invest on exchange tokens like BNB, OKB, BIX, HUOBI TOKEN, Kucoin Shares and Aurora...
Many of them strated pumping from 3-4 days and it was not a small one. I have seen that this happens when BTC moves big. What is your opinion on this..?
I think people already begin speculating, it triggers with a buying spree that happening around, thats why most of the altcoins are gaining price momentum, "not only confine with crypto exchange tokens/coin but most of them (altcoins)", while Bitcoin was performing well, altcoins is also doing good. I believe one of the big reason why the market is showing like this it's because of the upcoming big events I guess. |
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ubercool (OP)
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February 11, 2020, 04:35:02 PM |
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You are right now exchanging coins are more profitable than other good tokens as exchanges tokens/coins has a good offer like staking, daily profit sharing and low or zero fees for withdrawing/trade.
I have invested in those personally and staked in the past but now there is no coin which is giving staking rewards. I can see that Altcoins are rising with Bitcoin but if you look closely then you'll see that the exchange coins are have strong volume and upward trend. |
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VDraci
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February 11, 2020, 04:50:07 PM |
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I have no interest in exchange altcoins unless they are top exchange altcoins and they have to be in good use for the exchange platform like binance did, the next exchange project I want to hold for long-term now is EZ365 exchange, the exchange has better use cases so the token will worth something in few years
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ikicha
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February 11, 2020, 04:51:26 PM |
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Not every exchange coin can be succesfull, you can see at Alternate Annoucement Board.
At there we have so many some exchange who offering his coin/token for make a crowdfunding to their platform. But most of them still failed, to be honest not easy to creating an exchange you need to build trust and volume first.
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LbtalkL
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February 11, 2020, 04:53:29 PM |
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The utility token of a trusted exchange is really good like Binance (BNB), Of course the exchange benefits from it, Also the mindset of people, they think it is safe to invest in exchange token with reputation. Last 2017 even new exchange token was really surprising following the Bullrun. I bought some KCS at $1 and it turns to $20 each what a jackpot. Maybe it is possible if we are having a Bullrun this year. Crypto is unpredictable better DYOR.
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socks435
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Privacy is always important
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February 11, 2020, 05:00:04 PM |
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Pretty obvious it's bull run that is why you see those token and coins rising and don't forget the blockhalving is coming that is why the price of bitcoin and alt-coins rising.
If you check the old graph before last 2016 when blockhalving is come the price of bitcoin and altcoin rising the same as what happen today. People are thinking that the massive price increase last 2017 it will happen again this year and next year that is why they are actively investing more to gain profit.
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Solving blocks can't be solved without my rigs.
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shinratensei_
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February 11, 2020, 05:13:24 PM |
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There was a time when investors and newbies went on a crazy spree to invest on exchange tokens like BNB, OKB, BIX, HUOBI TOKEN, Kucoin Shares and Aurora...
Many of them strated pumping from 3-4 days and it was not a small one. I have seen that this happens when BTC moves big. What is your opinion on this..?
It caused by these coins are owned by the exchange sites that have fully working products. That's why those people are never feeling doubt to buy that. The big pump that happens with those exchange site coins is not something new in the market. The investors are feeling better to buy that caused by this coin give more guarantee than another coin with the possibility to liquidate it anytime as they want. The main reason must be the product that already alive and anyone can use it. People will never try to rush something that doesn't look promising. This based on my experience when the bullish trend come and people are massively buying the exchange site coin. That has happened since the first token exchange site was created. |
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royalfestus
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February 11, 2020, 05:22:24 PM |
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BNB top the list of the exchange coins that had been thriving so well even through the black market. CZ is the main factor, when I remember that the exchange started in 2017, it surprises me how got so well with exchange. I knew he saved so much fiat and bitcoin from the bullrun others were still keeping a larger quantity of their coin. He chose coin listed carefully for liquidity and transaction fee was attractive. Binance burning of coin was such an attractive idea to investors to provide coin scarcity and increase coin value.
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Flux0z
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February 11, 2020, 07:53:57 PM |
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Take a look at Blocknet. They launched the first DEX on the market. The coin itself recently increased by more than 300%, why? Because you can profit from the DEX fees, and a LOT of people want IN on that in the future! Centralized exchanges like Binance, OKEx, Huobi etc. is slowly but surely losing market domination, check Waves (who's got a hybrid DEX), it's up a lot as well. Best thing right now is to accumulate "DEX coins", just my opinion though  |
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Kemarit
Legendary
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Activity: 3080
Merit: 1352
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February 11, 2020, 08:10:07 PM |
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There was a time when investors and newbies went on a crazy spree to invest on exchange tokens like BNB, OKB, BIX, HUOBI TOKEN, Kucoin Shares and Aurora...
Many of them strated pumping from 3-4 days and it was not a small one. I have seen that this happens when BTC moves big. What is your opinion on this..?
What do you expect? When the price of Bitcoin started to move, everyone follows even those exchange coin. specially BNB. Because we all that it has the backing of one of the leading exchanges in crypto sphere. So it make sense for it to move when Bitcoin moves. But this is still a great time to accumulate those exchange coin, specially four of the coins you have mentioned. There might be some good exchange coins that we haven't heard, so just do our own research and try to look for them. And then buy them, who knows, they might be the next BNB. |
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btcholder
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February 11, 2020, 08:33:20 PM |
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There was a time when investors and newbies went on a crazy spree to invest on exchange tokens like BNB, OKB, BIX, HUOBI TOKEN, Kucoin Shares and Aurora...
Many of them strated pumping from 3-4 days and it was not a small one. I have seen that this happens when BTC moves big. What is your opinion on this..?
Well, i don't think those exchange coin pumping up because of bitcoin. When bitcoin pump literally every tokens/coins pump. So its seems silly point to me. Exchange coin always good for investment (only good quality exchange coin). Because an exchange always take care of it's own coin so no dump/pump group or huge coin holder make those coin as a shit coin. Exchange make or create some event with their coin for more popularity. So in my opinion investing on exchange coin is too much secure for an investor than other altcoin. |
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moonblocks
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February 11, 2020, 08:45:23 PM |
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This is partially to do with the value of the token being inflated by its utility such as exchanges requiring customers to purchase their native token for participating in IEOs, and also because these enterprises have become more valuable as the market continues to grow and expand
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irixo10
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February 11, 2020, 08:57:33 PM |
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There was a time when investors and newbies went on a crazy spree to invest on exchange tokens like BNB, OKB, BIX, HUOBI TOKEN, Kucoin Shares and Aurora...
Many of them strated pumping from 3-4 days and it was not a small one. I have seen that this happens when BTC moves big. What is your opinion on this..?
Actually what drives and keeps maintaining the value of exchange coins is the value of the exchange in question and it's team dedication to ensure the exchange keeps growing. A good example is Binance exchange, the CEO keeps bringing up ideas which keeps its exchange at the forefront of the crypto space. Also, people are moved by what they see, so when they see a good exchange coin performing well they will be forced to partake. |
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jossiel
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February 11, 2020, 08:59:38 PM |
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You got it right. When bitcoin pumps, they also do the same thing.
They are pumping as well and it's not just only them but most of the coins in the market are also doing the same. So if you are also holding alts but it's not following the king, don't expect that it will be the same because you probably choose the wrong coin.
As for the exchange coins, some are sharing dividends which are favorable to the investors.
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Signature for rent
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sockpuppet1911
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February 11, 2020, 09:03:23 PM |
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There was a time when investors and newbies went on a crazy spree to invest on exchange tokens like BNB, OKB, BIX, HUOBI TOKEN, Kucoin Shares and Aurora...
Many of them strated pumping from 3-4 days and it was not a small one. I have seen that this happens when BTC moves big. What is your opinion on this..?
It isn't just exchange coins that are pumping, and kucoin shares isn't really even pumping in btc. I mean they can rise in usd because btc and eth are rising, but that's it. There are lots of alts that aren't exchange coins that have pumped lately, i can't see being an exchange coin as any connection between this. |
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maxreish
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February 12, 2020, 12:01:10 AM |
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BNB is still the one I have been holding for the past few months. Since binance exchange is doing well, the performance of BNB coin is also doing pretty good. Some other exchange coins doesn't have any value at all for some investors but they have a significant role on their own exchange. But i disagree on the part that they mostly pumped when btc's price is increasing. I have seen exchange coins that are increasing even though bitcoin is at it's bear trend.
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