$weetne$$ (OP)
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August 04, 2023, 10:12:32 AM Last edit: August 05, 2023, 05:16:27 AM by $weetne$$ |
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I was doing some research on types of cryptocurency and discovered that we have tokens and coins. For those that don't know the difference here's a simple explanation, coins has their own blockchain while tokens rely on others blockchain to operate just like we have many top cryptocurency relying on ethereum blockchain to operate.
My question now is which of this cryptocurrency is more profitable to trade or do you not put into consideration if the project you're about to invest into or trade is a coin or a token. Why I'm asking this question is because tokens has a variety of exchange options to trade them on like DEX and CEX but coins can only be traded when they're listed on centralized exchange and when trade are halted you can't buy or sell that coin that you're holding.
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Zaguru12
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August 04, 2023, 10:22:47 AM |
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My question now is which of this cryptocurrency is more profitable to trade or do you not put into consideration if the project you're about to invest into or trade is a coin or a token.
Let’s take it like this, most of all this tokens are most at times pump and dump project because they don’t have there own chain they go off in short period of time. Most of the tokens can easily be regarded as get rich quick projects because in short Periods of time they grow higher in price than the coins but they never keep up to the hype. So when talking about profit I don’t know maybe you are looking into a long term scenario but if that’s the case the coins are much better to invest in than the tokens. They are some what not pump and dump like tokens. Why I'm asking this question is because tokens has a variety of exchange options to trade them on like DEX and CEX but coins can only be traded when they're listed on centralized exchange and when trade are halted you can't buy or sell that coin that you're holding.
I disagree with this, I think most of the coins since they have their own parent chain are recognized or listed on many exchanges most especially the bigger ones than tokens. Even after lunching you still find some tokens finding it hard to been listed on popular exchanges
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yudi09
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August 04, 2023, 11:27:22 AM |
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My question now is which of this cryptocurrency is more profitable to trade or do you not put into consideration if the project you're about to invest into or trade is a coin or a token.
Play it safe on coins even if it's not so safe. A coin you can trade that has a strong foundation. Ethereum can. While tokens I can say no. So, choose coins not tokens. If you refer to the project considerations, most of the projects create tokens and for me it will be wasted not for a long time, because there have been many projects where the age is not until the project is completed as planned. Now is no longer the time for memes and the era of memes is over. Just like trading on hype coins or tokens. It is vulnerable to losing money. Choose a coin that is sure in the long run. There is no prohibition to trade, but it is better to invest and the best investment is in Bitcoin.
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OcTradism
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August 04, 2023, 11:55:34 AM |
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My question now is which of this cryptocurrency is more profitable to trade or do you not put into consideration if the project you're about to invest into or trade is a coin or a token.
Proof of Work coins can be scam coins and tokens (non Proof of Work algorithm) can be scam tokens. If you trade scam coins or scam tokens, you will have bigger risk to lose because after pumps and dumps, rug pulls, price will not recover. Reducing risk if you want to trade, by choosing very old altcoins or tokens with high trading volume. Don't pick new ones but it is not a guarantee for complete safety. Why I'm asking this question is because tokens has a variety of exchange options to trade them on like DEX and CEX but coins can only be traded when they're listed on centralized exchange and when trade are halted you can't buy or sell that coin that you're holding.
Coins can be delisted on centralized exchanges but they can be rug pulled by founder teams on decentralized exchanges and liquidity will become zero or very low, price will be affected seriously by big trades or even small trades if liquidity is very low.
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BRINIRHA
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August 04, 2023, 12:40:34 PM |
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I was doing some research on types of cryptocurency and discovered that we have tokens and coins. For those that don't know the difference here's a simple explanation, coins has their own blockchain while tokens rely on others blockchain to operate just like we have many top cryptocurency relying on ethereum blockchain to operate. My question now is which of this cryptocurrency is more profitable to trade or do you not put into consideration if the project you're about to invest into or trade is a coin or a token. Why I'm asking this question is because tokens has a variety of exchange options to trade them on like DEX and CEX but coins can only be traded when they're listed on centralized exchange and when trade are halted you can't buy or sell that coin that you're holding.
I think between tokens and coins they are the same if it is about for day trading. But when talking about long-term trading then of course choosing a coin that has its own blockchain (Layer 1) and has a constantly growing ecosystem is the best. An example here is Ethereum. But lately Layer 2 and Layer 3 are also quite popular. But I still feel that Layer 2 and Layer 3 projects will not be as good as Layer 1 which is the parent ecosystem in a Blockchain. So the answer depends on what type of trade you are referring to. whether trading short term or long term.
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Peanutswar
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August 04, 2023, 01:19:09 PM |
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Tokens are the crypto coins you are seeing in the market that are tradable that can give profit to you that can use for buy and sell. Coins are the tokens came from the blockchain project itself for example the Binance they have their BNB, the crypto.com they have their CRO, and the MEXC has their MXC. This is the simple explanation but not all of the coins are profitable, people want to risk these coins from projects can be a hype only and trapped that you cant make a withdrawal anymore, reason why ideal to make a research first before taking risk your investment.
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michellee
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August 04, 2023, 01:45:59 PM |
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It is the same because you must still analyze exchange tokens or coins to determine their potential increases and decreases. If it's better to trade coins, you can ignore exchange tokens or buy them and keep them as an investment. The difficulty is finding coins or tokens to trade because more tokens and coins are now on the market, requiring more in-depth analysis.
But you have to be careful in analyzing the tokens or coins because not all of them can make a profit. Often the coins or tokens move fast but it turns out to be just a trap for panicked traders so they get stuck buying at high prices.
But for now, it's better to buy coins or tokens that have the potential to increase in the future and we can find this out by analyzing each coin or token. If you are in doubt, it's better to wait for market conditions to decline so that you can have more options to analyze it and be able to see coins or tokens that can increase later.
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348Judah
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August 04, 2023, 01:52:58 PM |
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My question now is which of this cryptocurrency is more profitable to trade or do you not put into consideration if the project you're about to invest into or trade is a coin or a token. The two have risk but out of the two one is fare enough than the other, if you're to choose between them, i will advise you to go for memecoins and avoid tokens, but if you're also allowed to choose between memecoins and bitcoin, i will strongly advise you go for bitcoin and avoid altcoins, because they have higher risk on investment and scam is much higher in them unlike with bitcoin. Why I'm asking this question is because tokens has a variety of exchange options to trade them on like DEX and CEX but coins can only be traded when they're listed on centralized exchange and when trade are halted you can't buy or sell that coin that you're holding.
The more attractive they appears the higher the risks with token, you can also make trades on bitcoin paired with other currencies, hold bitcoin or day trade just to make profit than taking the unnecessary risk that can let you fall hands of scam if their project failee to meet the target.
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Oshosondy
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August 04, 2023, 01:54:44 PM |
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My question now is which of this cryptocurrency is more profitable to trade or do you not put into consideration if the project you're about to invest into or trade is a coin or a token.
If you have been trading, you will check the coins or tokens that you have interest to trade. In trading, you want to use leverage, checking how volatile a coin or token is very important. There are some coins or tokens that will require you not to use leverage at all. With some, you will best use half or less of your trading fund. Some coins are shitcoins. Also some tokens are shitcoins. Avoid them. You need to research on a coin or a token before using it to trade or investing in it. Why I'm asking this question is because tokens has a variety of exchange options to trade them on like DEX and CEX but coins can only be traded when they're listed on centralized exchange and when trade are halted you can't buy or sell that coin that you're holding.
Trade the good coins and tokens, you will not see the shitcoins disappointment. I disagree with this, I think most of the coins since they have their own parent chain are recognized or listed on many exchanges most especially the bigger ones than tokens. Even after lunching you still find some tokens finding it hard to been listed on popular exchanges
I think he is talking that tokens, if no more on centralized exchanges, it would still be on decentralized exchanges which is true. But if a token has been delisted on all centralized exchanges, its price would have become worthless. So this is not a good comparison.
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hugeblack
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August 04, 2023, 02:16:19 PM |
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Since you are a newbie and do not have knowledge of the market and there is a great chance that the price will rise in the coming months, start investing in Bitcoin and Ethereum. The difference between the token and the coins is that the coins may have a demand if a lot of projects are included in the blockchain such as MATIC and Tron.
The chance of profit in the token is higher, but the investment is high risk, so I do not advise the beginner to invest in tokens now. All you need to know is whether this currency solves a fundamental problem or offers something new and distinctive that is not found in others. If this is true, invest in it at a rate not exceeding 5%.
I also advise you to learn more about bitcoin and blockchain, wallets, platforms and how to secure your coins.
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BD Crypto
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August 04, 2023, 02:47:30 PM |
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My question now is which of this cryptocurrency is more profitable to trade or do you not put into consideration if the project you're about to invest into or trade is a coin or a token. Why I'm asking this question is because tokens has a variety of exchange options to trade them on like DEX and CEX but coins can only be traded when they're listed on centralized exchange and when trade are halted you can't buy or sell that coin that you're holding.
From my experience I saw several tokens just crashed because team dumped or sold a huge quantity of tokens. Any many projects are now just vanished from the market and mostly they are tokens. It may happen to a Coin also as we saw what happened with LUNA Coin. So if you want to choose more secure or long term projects to invest or trade always choose Coins but should have potential and fundamentally strong. Actually it doesn't mean every Coin will generate you profits but there still have some high potential tokens for a quicker growth. But in long term tokens can't perform well according to coins. So my thinking is always choose several best projects to trade and never trade all of your assets In a single project. Thay can vanish you anytime if something bad arrives. To know about good projects for trading just research some of them from top ranked Cryptocurrencies either it token or coin. And always depend on technical analysis, research and be updated with ongoing events.
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jeraldskie11
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August 04, 2023, 03:07:02 PM |
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The difference between the token and the coins is that the coins may have a demand if a lot of projects are included in the blockchain such as MATIC and Tron.
If we look at CMC, coins is better than tokens in terms of marketcap. Meaning, investors are preferred to invest in coins than tokens. Tokens and Coins have demand too, but there's more volume in coins. The chance of profit in the token is higher, but the investment is high risk, so I do not advise the beginner to invest in tokens now.
I agree that there's a high risk when you invest in tokens but I didn't agree that the chance of profit is higher compared to coins. As what I have said above, investors are prefer coins than tokens. There are also a scam coins that's why my only advice is we should always check if the project is legit, do some research before we invest.
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armanda90
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August 04, 2023, 04:10:30 PM |
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I agree that there's a high risk when you invest in tokens but I didn't agree that the chance of profit is higher compared to coins. As what I have said above, investors are prefer coins than tokens. There are also a scam coins that's why my only advice is we should always check if the project is legit, do some research before we invest.
Token demand in the early moment only and different with coins keep stable with bigger transaction volume every day, I don't think token is worth for long time trading and give more profitable than trading coins. I agree with you to prefer trade in coins than token, volume transaction is most important and factor to make some coins or token have chance up to higher price, but when getting trouble with less transaction volume actually not any investor yet interested for trading with coin/token has lower volume transaction. But investing or trading in token have high risk and high return, so fast to earn much profit with token and on the contrary token can make us poor in short time has chance with price drop suddenly.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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Nrcewker
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August 04, 2023, 04:30:25 PM |
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Tokens are those assets which are not listed in any exchanges, whereas the coins are the real game changer through which you can make profit. Yes tokens promises the maximum returns, but we all know that majority of these tokens are just scams. So when there is no certainty to get returns while trading tokens, then why should we compare the both. Trading coins will give you sure profit, whereas trading tokens have risks of even getting scammed.
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Frankolala
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August 04, 2023, 04:31:29 PM |
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Coins are much better to invest in because they are can last for a long term and they have a blockchain. Investors invest more on coins than token since some coins have been there for a very long time and are reliable on. Coins have potential than token.
Token is very risky because they can pump high but after a while they crash to zero. It is wiser for one to buy coin than token because they are short term investment. The important thing is that you should know the right coins to invest since some coins still have the same risk like tokens. Bitcoin is the king of all.
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el kaka22
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August 04, 2023, 05:04:31 PM |
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Coins clear my a big margin without a doubt. I mean it's more like how we could end up with something that is much better and much more longer term as well. I understand that it's not going to be that easy or hard to handle, but it's not going to be impossible to handle neither.
I believe that if we could end up making sure that it profits us on the long term, then we could pick coins easily. Tokens are already below coins in ranking, the idea of a token is to use a coins chain, which means that it can't stay high when the coin goes down, and they are connected. This is why getting the coin instead of token under it makes more sense. Look at any token you like, and look at which chain it uses, and buy that coin instead.
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o48o
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August 04, 2023, 05:08:56 PM |
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I was doing some research on types of cryptocurency and discovered that we have tokens and coins. For those that don't know the difference here's a simple explanation, coins has their own blockchain while tokens rely on others blockchain to operate just like we have many top cryptocurency relying on ethereum blockchain to operate. My question now is which of this cryptocurrency is more profitable to trade or do you not put into consideration if the project you're about to invest into or trade is a coin or a token. Why I'm asking this question is because tokens has a variety of exchange options to trade them on like DEX and CEX but coins can only be traded when they're listed on centralized exchange and when trade are halted you can't buy or sell that coin that you're holding.
Why would it make any difference? There are garbage L1 projects (coins) almost as many as garbage L2 projects (tokens). Some coins even start as placeholder tokens that are swapped with coins after mainnet comes But it doesn't have anything to do with the quality of the product. And if you are trading, you should maybe focus on hunting volatile coins or tokens, regardless their fundamentals, they are moving a lot and are a gold mine for skilled traders. Or if you want to trade low frequency, choose something that does have room to grow and reason to glrow.
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Awaklara
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August 04, 2023, 05:28:03 PM |
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My question now is which of this cryptocurrency is more profitable to trade or do you not put into consideration if the project you're about to invest into or trade is a coin or a token.
I can't advise you which one would be better to trade. The situation for each crypto asset may be different depending on the market and the development of the project. the analysis is not that coins or tokens are more profitable, but come to the market and do several approaches with trading strategies that you master. so you can determine which crypto assets will be suitable for you to trade. Why I'm asking this question is because tokens has a variety of exchange options to trade them on like DEX and CEX but coins can only be traded when they're listed on centralized exchange and when trade are halted you can't buy or sell that coin that you're holding.
not necessarily the token has a better exchange alternative. there are also many tokens that cannot be listed on exchanges. or only listed on Dex, because the project is new and not in partnership with other exchange platforms. tokens that have been successfully listed on a sizable exchange, of course, have a running project and a good market.
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Faisal2202
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August 04, 2023, 05:42:06 PM |
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I don't think the types of cryptocurrency either its Coin or Token act as an indicator for choosing a profitable one. For example, BTC is coin and in the long run BTC is profitable because of its halving nature. And in the long run Same type of Coin ETH which is Not the same as of BTC but the same in the context of Coin has no halving thing so many can not say for sure that the price of ETH will increase in the long run. This means the profits are not sure. *note that in crypto either you select token or coin, profits are never for sure.
I think you should not see this difference as an indicator to get more profits. Because it's not a thing. You must focus on TA and FA before making profit out of a crypto. All the things depends on the price level where you took entry if you took entry at lower level than by selling high you could make profit. That simple it is. But you have to find out how could you do that. But, you can not do that with the knowledge of difference of Coin and token.
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FatFork
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August 04, 2023, 06:03:53 PM |
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Tokens are much easier to create because they do not require programming knowledge. There are step-by-step tutorials that you can follow to create your own token in literally 5 minutes without any advanced skills, and the process consumes almost no resources. On the other hand, coins with their own blockchain require a significant investment of time, expertise, and resources (unless it is a complete clone of an existing coin). Developing a new cryptocurrency from scratch involves creating a unique blockchain and wallet software, which requires coding skills and a deep understanding of blockchain technology. For this very reason, you will find many more different tokens on the market than coins.
However, this doesn't hold much weight when it comes to the profitability of trading or investing. You can equally find examples that support either side of the argument.
In my personal opinion, coins with their own blockchain may have better prospects for the future because they usually have a team of developers supporting them. On the other hand, there are numerous examples of strong price jumps for some tokens, especially when we consider that there were projects that started with a token and later migrated to their own blockchain.
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