Stoicreddy (OP)
Newbie
Offline
Activity: 5
Merit: 1
|
|
May 04, 2021, 09:10:01 AM |
|
This is Not a Financial Advise, I am not a Financial Advisor. You should be prepared to loose all the money you put in Crypto, if not do not put in that money.I would like to talk about the Exchange Coins, which got a huge potential. In a traditional stock market if you want to buy stocks you need to go through a broker, if you want to buy currencies you need to through a forex broker/trader. These are the ones who mints money irrespective of the markets going up or down. Unlike a traditional market we don't have these middle men (brokers) in Cypto Markets. We directly deal with the exchanges. Exchanges are the ones that make money irrespective of the market moments (bullish/bearish). Each crypto exchange has a native token (commonly called as coin) that offers discounts in the trading fee, when you pay the commission using the token that is native to that exchange. Just like how the brokers make money in a traditional market, Cyrpto Exchanges makes money through the commissions collected from the users. I strongly believe that these tokens should be part of every user with HODL strategy. These are not flying to moon coins but, I see a steady growth with a crystal clear use case. As an example look at Binance Coin BNB, we all know what happened to these coins it was trading in 2 digits few months back, at the time of writing this topic, it was trading at around $650. I have hand picked few of them, and believe there is a huge potential for these coins to grow in near and far future. Let us share your views and comments. Spot Exchange Tokens/Coins: - BNB (Binance Coin)
- KCS (KuCoin Token)
- CRO (Crypto.com Coin)
- HT (Huobi Token)
- GT (Gate Token)
Decentralized Exchange Tokens/Coins: - UNI (UniSwap)
- CAKE (PanCakeSwap)
- SUSHI (SushiSwap)
- BURGER (BurgerSwap)
- 1INCH (1inch)
Lending Exchange Tokens/Coins: - XVS (Venus)
- AAVE (Aave)
- COMP (Compound)
|
|
|
|
Raytheon
|
|
May 04, 2021, 09:35:39 AM |
|
All the coins/tokens you picked have increased by multiple times. Holding those won't bring you huge profit. If it were me, I would apply similar strategy but with less known exchanges/platforms. Some of typical examples are BAKE (bekeryswap) and BANANA (Apeswap). Both these tokens have just increased by many times in the last couple of weeks.
|
|
|
|
X-ray
|
|
May 04, 2021, 10:17:36 AM |
|
Agreed, people should not take this as financial advise but we know that your main strategy. Remember that those exchange tokens have fully working product and that being said that they can still grow even when the market turns into the bearish trend. I have bought lots of BNB when the price was around $10 and i got a very big profit. I was also using the same strategy like you dude. So many people have been rushing various exchange tokens because they saw these tokens have big opportunities to be even bigger from time to the time.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
elda34b
|
|
May 04, 2021, 11:01:45 AM |
|
Holding those won't bring you huge profit. If it were me, I would apply similar strategy but with less known exchanges/platforms. Some of typical examples are BAKE (bekeryswap) and BANANA (Apeswap).
In short it's about risk that you can afford to take. Choosing low mcap coins carries a huge risk while those who're in top 100 might take a long time to give you 3x or more but it's relatively more stable. Choose your poison wisely.
|
|
|
|
Stoicreddy (OP)
Newbie
Offline
Activity: 5
Merit: 1
|
|
May 04, 2021, 11:10:55 AM |
|
All the coins/tokens you picked have increased by multiple times. Holding those won't bring you huge profit. If it were me, I would apply similar strategy but with less known exchanges/platforms. Some of typical examples are BAKE (bekeryswap) and BANANA (Apeswap). Both these tokens have just increased by many times in the last couple of weeks.
Agreed, they have increased. You got the idea but you are saying to implement it in less known exchanges with an extreme risk . Risk might High to Very High in the coins I picked. But your idea got extreme risk and so lucrative returns. Out of my picks CRO is still struggling to pick up and it's popularity is picking so I see potential in this.
|
|
|
|
mrdeposit
|
|
May 04, 2021, 11:20:27 AM |
|
This year's market is much different from the old ones, so I thought it would be better to being trendy. So I invested in juld and cake and managed to make a good profit. Actually I am very happy with this situation, but we should keep most of the investment away from exchange tokens. Almost they are just hanging from a rope and it is not that difficult to break the rope, except bnb. And I also think that the current situation is better for selling, not holding. The market has to fall after a certain point. Otherwise, this situation is gonna worn market a lot and the longer it lasts, the worse it will be.
|
|
|
|
ElmedoRator
|
|
May 04, 2021, 11:31:35 AM |
|
Yes, I totally agree with your views on which Exchange Coin should be held, but it is not at this point that most of them are already at a very large growth rate, I looked at. Exchange Coin from the early stage of the uptrend began, and I was right with that decision, but now I no longer keep many of them and switch to other platforms that are in the market. At any given stage, in my opinion the growth will begin for the Exchange Coin along with the major projects in the market and then the rest of the altcoins in the market.
|
|
|
|
Luffygroove
Member
Offline
Activity: 966
Merit: 25
Ton Together | Save Smart & Win Big
|
|
May 04, 2021, 11:48:58 AM |
|
For me investing means managing your own risk. I agree that those projects that you mentioned before have a good future considering that they're already steady enough. Each project already has a good track record in the crypto world. However, I think because of their steadiness, there won't be many surprises. The profit won't be too high now. In this crypto world, everything is about managing risk. Higher the risk, probably higher the profit. I've found several new exchangers with unique features and great development like Burency and AdonX, you might want to check it.
|
|
|
|
Stoicreddy (OP)
Newbie
Offline
Activity: 5
Merit: 1
|
|
May 04, 2021, 11:52:00 AM |
|
Agreed, people should not take this as financial advise but we know that your main strategy. Remember that those exchange tokens have fully working product and that being said that they can still grow even when the market turns into the bearish trend. I have bought lots of BNB when the price was around $10 and i got a very big profit. I was also using the same strategy like you dude. So many people have been rushing various exchange tokens because they saw these tokens have big opportunities to be even bigger from time to the time.
True, and the downside or Critical Risk of this strategy is if not all the coins I picked, most of those coins are centralized and this is is ironic to the whole idea of founding/developing Cyrpto currency (Bitcoin). The idea of Crypto currency is decentralization when they begin it, but it is taking a different shape as it grows huge and huge.
|
|
|
|
Shallow
Sr. Member
Offline
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
|
|
May 04, 2021, 01:23:34 PM |
|
I totally agree with you, because coins with good and applicable utility last long term, and as such exchange coins fits into this category. However, just like you highlighted some exchanges, it shows that not all exchange coins are worth holding thus also meaning that for you to hold an exchange coin for long term, that exchange in question should be one that keeps growing, it also should be one whose team are always ready to innovate, improve and expand their services; without this the exchange won't grow and their coins won't appreciate in value. Nevertheless, although these exchanges are good and have attractive products and services, it is likewise good to know that crypto volatility still exists.
|
|
|
|
ashmodeus
|
|
May 04, 2021, 01:32:12 PM |
|
as long you know when to cash out, i totally aggree, i just sell my free 400 UNI last year, damn it , and also i did the same mistake on Cake, sell to early, also XVS when it reach $60 , now i just buy back a similiar token , i mean JulD , which probably get listed to binance like burger recently.
|
|
|
|
laredo7mm
|
|
May 04, 2021, 04:50:41 PM |
|
Many people regretting about selling their UNI and CAKE too early. If you know about the market trend then you can pick the right trend and be profitable with it. When low-cap coins are pumping then holding only large-cap coins is not a good idea. Just follow the trend and hold your coin. Also, don't forget to cash out when you are in profits without just watching it down again.
|
|
|
|
serjent05
Legendary
Offline
Activity: 2884
Merit: 1258
|
|
May 04, 2021, 04:56:25 PM |
|
These kinds of coins have real-life use. They get a discount on the trading fees when holding or using it. Aside from that, once the exchange is established and becomes popular, the confidence level of this coin will be higher. So holding these kinds of coins will give us a good profit in the long run.
|
| | Peach BTC bitcoin | │ | Buy and Sell Bitcoin P2P | │ | . .
▄▄███████▄▄ ▄██████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀
▀▀▀▀███████▀▀▀▀ | | EUROPE | AFRICA LATIN AMERICA | | | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
███████▄█ ███████▀ ██▄▄▄▄▄░▄▄▄▄▄ █████████████▀ ▐███████████▌ ▐███████████▌ █████████████▄ ██████████████ ███▀███▀▀███▀ | . Download on the App Store | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
▄██▄ ██████▄ █████████▄ ████████████▄ ███████████████ ████████████▀ █████████▀ ██████▀ ▀██▀ | . GET IT ON Google Play | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ |
|
|
|
go4crypto
|
|
May 04, 2021, 04:57:27 PM |
|
Most of the exchange coins given by OP are good and should do fine so long as bull market continues. There are newer better upstarts coming all the time in crypto markets so do not be complacent in your holding.
|
|
|
|
Bitbtc8
|
|
May 04, 2021, 05:00:24 PM |
|
I've always prefer centralised exchanges tokens more than Dex and right now I believe that they have the higher chance to grow bigger than many others, HT, WazirX and BNB are the top ones I'm focusing on, also people should start planning to exit the market because at this time bitcoin dominance have fall lower than past weeks, take profits while you can
|
|
|
|
Fesatmas
|
|
May 04, 2021, 06:01:37 PM |
|
As a reference is more than enough, I really agree if the decision remains back to each other according to their needs and trading style. maybe not all of the options above can provide a big advantage, but one of them will make us lucky to hold it.
so there is no harm in this only as an illustration, even though the choices above are commonplace and are well known among us.
|
| | | . Duelbits│SPORTS | | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | ███▄██▄███▄█▄▄▄▄██▄▄▄██ ███▄██▀▄█▄▀███▄██████▄█ █▀███▀██▀████▀████▀▀▀██ ██▀ ▀██████████████████ ███▄███████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ▀█████████████████████▀ ▀▀███████████████▀▀ ▀▀▀▀█▀▀▀▀ | | OFFICIAL EUROPEAN BETTING PARTNER OF ASTON VILLA FC | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | 10% CASHBACK 100% MULTICHARGER | | │ | | | | │ |
|
|
|
Bravehash
Member
Offline
Activity: 196
Merit: 11
|
|
May 04, 2021, 06:35:27 PM |
|
as long you know when to cash out, i totally aggree, i just sell my free 400 UNI last year, damn it , and also i did the same mistake on Cake, sell to early, also XVS when it reach $60 , now i just buy back a similiar token , i mean JulD , which probably get listed to binance like burger recently.
What I hate hearing from people is that regret of selling, I'm pretty sure that majority don't sell at loss, they make some profits but why regrets when it's not the end of everything? Atleast you make something out of the project, there is one thing I've learned in crypto space, many more opportunities will arise, this is the next big thing to happen in the world today
|
|
|
|
ipanks
|
|
May 04, 2021, 06:45:13 PM |
|
BNB proves that exchange tokens can increase higher and maybe that can happen too with the other exchange tokens, as @OP mention. But to invest in that exchange token or not, that will be your own decision and you better research before you decide. Hold strategy can work for us but we should know when to sell the coin or token and take profit from that. If you just hold any coin without having a plan to sell, you will not make a profit and wait for longer than you can expect. So be wise and know when to decide.
|
|
████▄██████████▄ ███▄████████████ ▄███▀ ████ ████ ████ ▀███▄ ███▀████████████ ████▀██████████▀ |
▄██████████▄ ████████████ ███████████▀███▄ ████████████████ ████████████████ ████████████████ ▀███▄███████████ ████████████████ ████▀██████████▀ |
▄██▄█████████▄██▄ ▀████▄█████▄████▀ ▀████▄█▄████▀ ███████████ ▄████▀█████▀████▄ █████████████████ █████████████████ █████████████████ ▀███████████████▀
|
▄███████████████▄ █████████████████ ████▀███▀██████▀ ███████▄█████▀ ████▄▄██████████▄ █▀▀██████▀███████ █▄██████▄███▄████ █████▀███████████ ▀██▀███▀████████▀ |
████▄███████████ ████████████████ ▄███▀███████████ ████████████████ ████████████████ ████████████████ ███████████▄███▀ ████████████ ▀██████████▀ | | | | ████████ ██ ██ ██ ██ ██ ██ ██ ██ | |
██ ██ ██ ██ ██ ██ ██ ██ ████████
| | | | | | . Listed on
| | BINANCE KUCOIN Gate.io | | |
|
|
|
JooBra
|
|
May 04, 2021, 07:04:55 PM |
|
as long you know when to cash out, i totally aggree, i just sell my free 400 UNI last year, damn it , and also i did the same mistake on Cake, sell to early, also XVS when it reach $60 , now i just buy back a similiar token , i mean JulD , which probably get listed to binance like burger recently.
Well you won't be able to sell at max point almost never. If you had plan and sold UNI when you planed there is nothing to feel bad. It will be always like that in crypto world. Move one find something else and being in profit is only thing it counts.
|
|
|
|
xiboothrezi
|
|
May 04, 2021, 09:19:11 PM |
|
The popularity of exchange tokens has been increasing recently. especially after token exchanges from dex such as uni and cake hit the crypto market, then from cez there was BNB who ruled by touching the new ATH. This gives great hope for other token exchanges to also skyrocket, with this opportunity many investors are looking for other token exchanges that have not experienced a big pump to support. It's just that you don't need it, this pump pattern cannot apply to all, even though the market is possible for pump and dump, still use common sense and don't be greedy.
|
|
|
|
|