Trying to invest in Binance

[Mealea]

You have made a good choice to invest your money in different projects, but I will advise you to make a good research about any project you choose to invest if is on the long term, don't invest in some random lists of coins you probably saw on twitter or somewhere, we have so many potential coins all around that can bring you a good return in a long run even if you choose not to invest in bitcoin.

[Simakura]

A great choice, binance is a very popular and trusted market so it is very safe from scams.Binance also has a high trading volume, it is very easy to trade.

[lixer]

It’s good that you already have Bitcoin stored in a wallet, that’s a very good choice. I was going to recommend it first until I reached the last sentence and you said you have it already. Tezos is a good coin and you should invest in it. Apart from that, Algo and Neo may be another good choice to invest your money in.

Although I’d like to point out to you that there is risk in the investment you’re taking, based on your past experience you must have understood the risks that follows. Sometimes the market can move a direction that you never expected it to. You just have to be ready to take the risks.

[puremage111]

Everything is fine but seems like you invest more on TRX and that's not fine imo

I mean i am not against Justin or anything
But seems like hes more off a marketing type person than a Blockchain person

[cryptofirm]

Does investing mean holding coins for the long term? Your choice of coins is good, but it seems that in the long run you have chosen the wrong place, don't store your coins in centralized exchanges, it's better to keep them in a private wallet because we never know what will happen in the future.

indeed, the risk is higher when we hold our cryptocurrency for long term in centralized exchange
and yes, its better to keep our coins in personal wallet such as ledger nano or others my friend

[Fredomago]

Does investing mean holding coins for the long term? Your choice of coins is good, but it seems that in the long run you have chosen the wrong place, don't store your coins in centralized exchanges, it's better to keep them in a private wallet because we never know what will happen in the future.

indeed, the risk is higher when we hold our cryptocurrency for long term in centralized exchange
its better to keep our coins in personal wallet such as ledger nano or others my friend

Every investors who are planning to invest in a long term process should realized every risk that can take place while storing their assets inside any exchanges.

There's always a threat coming from scammers and hackers and aside from that we also don't know cause even a well established business can still collapse anytime.

It's far better to keep your money from your own custody, having a offline
wallet is far better than storing your money inside other wallet where you
don't have the full authorities.

[bastian466]

It is better to divide it with other coins, not centralized with one coin only.To cover losses if one of the coins you hold has decreased, but don't divide it too much so that its movement is controlled every time so as not to be missed

[GreenStox]

There is a huge selection of coins on Binance and you can trade short, long, medium term as most of the coins there are good coins.
and can also take part in hold coin events and get prizes at certain periods, staking, lending, and much more.

[fosco333]

And may i know why do you getting interested on investing TRX ? There are only few good dApps on TRON network, the rest of them are only gambling platform.
In these days, i think it will be better to invest on UNI because Uniswap platfrom is already used by many people across the different coins.

[manfredmann]

That would be a good choice using Binance exchange that has already proven its worth as an exchanger and one of the exchanges that has high volume in trading or volume.

If you are also thinking other crypto to invest in it then that would also be better like many project wanting to get listed in binance and make a good trading in that exchange.

Most likely investors are trusting the exchange that belive mostly of the project listed their are good projects and are really can profit.

[shoreno]

you shouldnt use binance platform if your only aim is to invest , thats risky but you can always use it if you said your going to trade  . loom , troy and kava are the coin that i didnt recognize so far but the rest of the  list on your first batch of coins are okay to me  . its not bad if you start on trx but if you think you already pour enough money on trx why not skip it for a while and work out your other coins  .  the second batch of the coins you list are mostly not recognized by me but except to the tezos and neo  . im not really sure if i heard the coin atom before  .  you cant buy all of them but you can divide your funds into small portion so that you can buy different coins  .  

[luckyflop]

Binance is a centralized exchange, it is not a place you can hold your coins or tokens, Keeping your money in hot wallets where you don't have the private key could be risky, I suggest you keep your money there only if you want to trade with them, Do you remember what happened with Kucoin then with OKex?
It can happen with binance too...

[cryptoknightt]

at least the coins on binance have a good reputation so it doesn't matter if you invest in coins that are there, of course, with research and estimates before buying these coins.
are you at the right time to buy.
Because market is still cannot be predicted 100%.

[Anarchy101]

Also, do keep some Ethereum handy because if the news is true that the ETH 2.0 is coming this year, then you could get a pretty decent profit out from that mega event.

Not an investment advice DYOR.

[glowing10]

at least the coins on binance have a good reputation so it doesn't matter if you invest in coins that are there, of course, with research and estimates before buying these coins.
are you at the right time to buy.
Because market is still cannot be predicted 100%.

Not all coin in Binance will rise and give you profits. Some of the coins like Defi are falling because they had being more of a hype and rose too much without much reason and as a result we are seeing the fall now. So only invest in such coins from Binance in which one is conformable that it will continue to grow and rise as well.

[Valzador]

Not all coin in Binance will rise and give you profits. Some of the coins like Defi are falling because they had being more of a hype and rose too much without much reason and as a result we are seeing the fall now. So only invest in such coins from Binance in which one is conformable that it will continue to grow and rise as well.

Coins listed on the Binance exchange, will get more attention than if the coins were listed on other exchanges, for example, Filecoin, which experienced significant price changes when listed on the Binance exchange.

[Gvent]

Binance is slowly dominating the market and has come a long way on its journey to the top, binance has became an inspiration to other exchanges.

Yes BNB is good investment and one of the safest crypto currencies out of there, when it comes to their team and work we are in safer hands. However it is not considered as a stable coin but yes it is one of the value asset to have in our portfolio.

I have not considered and will never consider exchange tokens to be the best vehicle for long-term investment
the price of exchange tokens is highly dependent on the state of the exchange and how things are going there
if the exchange has serious problems, then the price of its token will start to fall seriously

[Malam90]

yes, it's better for you to store it in your own wallet than in a wallet exchanger because it has a fairly large risk
for a good coin it looks like you have to glance at Doge, usually doge is used for bag holders and can make you gain a very large profit

It's okey. Probably you have invested in those coins for staking. It is both staking and profits as usual. I prefer TRX holding than other coins as TRX gives more staking rewards than others and TRX has much chance to boom in the near future. It means TRX holding will give two facilities-staking and profits.

[SyndicateLabs]

I see you are choosing too many coins to hold, if you feel investing in binance makes you profitable then you should learn about it carefully. I see on binance there are many ways to get profits that do not necessarily have to hold, you can staking bnb, stablecoins, ... join IEOs, pools, ... High profit margins, so be careful with it.

[poodle63]

at least the coins on binance have a good reputation so it doesn't matter if you invest in coins that are there, of course, with research and estimates before buying these coins.
are you at the right time to buy.
Because market is still cannot be predicted 100%.

In my opinion reputation doesn't mean anything the project could goes south anytime. But what makes project that comes from binance more legit is because binance could go as far as pursuing the project devs if they do anything reckless. I would always recommend people to keep an eye to the project because money can make anyone greedy. Also, a project that got constantly criticized might become an even better project in the long run.