Is exchange based tokens worth for hold?

[@sriyan]

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht),  FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!

When did you bought these exchange tokens? If you bought it last 2021 then I guess it's quite normal that you see them dumped at least 70-80% because of the bear market that happened next year.

TBH, most of the coins that you shared, and bought aren't a bad exchange at all. BNB, KCS and HT has been running for quite some time already. Uniswap on the other hand is the first DeFi, and I guess it's still running. Cake is the first DeFi under Binance Smart Chain, but over time it became a shitcoin. In general, investing in exchange tokens isn't a bad idea, but I don't recommend them for long term holding, not even BNB which is the most popular exchange right now.

Over the years, there has been numerous incidents where these exchanges are losing money because of some bugs or hacks whatsoever. I mean I don't know if I can trust these exchange tokens knowing that anytime, they might be the next victim of these hackers.

I think nowadays we have a lot of exchanges with the tokens.

1. BNB - Binance Exchange
2. KCS - Kucoin Exchange
3. UNI - Uniswap
4. GT - Gate.io
5. MXC - Mexc
6. OKB - OKX

So the exchange token only depends on the exchange. If the exchange is hacked or something, then the exchange token will be rekt.

Eg: FTT in FTX exchange

It is good invest in to new exchnage tokens. Because with the growth of the exchange, the token price will increase. But there is a risk as well.

[Questat]

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht),  FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!

You're doubted already but you still hold them. You'd rather sell them now and stop wasting your time with these coins aside from BNB.
Investors are not buying these exchange tokens because they are not as profitable as we think. Although they are still available in the market but since we are aiming to earn a profit, they are not the best coins to choose.
Well, the decision is still yours but if I were you, I don't invest them. I'd rather use my money to buy BTC, ETH, and BNB, they are worth investing either long-term or short-term.

[jobyreuben]

It depends on the exchange. We've all seen what FTX turned into from one of the most reputable exchanges to going awol. Even the best exchanges make mistakes and disappear for a variety of reasons. When that happens their coins turn into garbage. Currently Binance appears to be the largest exchange and BNB has really paid off for its early investors. CZ seems to be untouchable in the market, but we all know what will happen to Binance if something happens to him. Don't trust anything about centralized exchanges much.

That's absolutely right, these exchanges launch a token which seems to replace trading fees in fiat money where they hold majority of the distribution launch it in DEX and get profited, While these exchanges work better due to flexibility and the speed of executing millions of orders a sec that doesn't mean they can confidently launch a centralized token and force its users to use it in their services, while many take bet on holding these exchange tokens, while we all know what happened to FTX, in the world of falling tokens like LUNA can we expect a centralized coin to not fall? Going for bitcoin is the only better option as its the perfectly decentralized hard money to hold. CZ's fame is untouchable due to the fact that binance is hugely popular and by running a POA based centralized EVM network, they are hosting thousands of "D"Apps which are not "D"ecentralized and running on a centralized coin. Satoshi left bitcoin for a reason that a decentralized people's network shouldn't be influenced by a single/group of persons that hold authority or creator affiliation to it, while we can see a lot of individuals making blockchains for public good but claiming the authorship or influence to it. Bad world, bad ethics, bad ethos, wonder what would satoshi think of the world he created and how its going now.

[Heulahee]

In crypto, we would look at all coins with a fresh mind, because crypto is a game of chance sometimes, so we couldn't say that we will always be at a loss or we could not say that we will always be in a win situation. We could take care of both loss and win.

[Hypnosis00]

In crypto, we would look at all coins with a fresh mind, because crypto is a game of chance sometimes, so we couldn't say that we will always be at a loss or we could not say that we will always be in a win situation. We could take care of both loss and win.

Unfortunately, having fresh minds doesn't give us assurance as well, still, we fall into investing shitcoins if we never do research and background check. It was indeed we had to look deeper but rather make choose of those projects that we already know it was better as it gives us confidence that we can earn a profit from them when the time has come. Although we can't assure that everything went so well and can't avoid losses but there is a way to minimize losses and that is to choose coins that already have support from the community, not it was because of the exchanger.

[kamvreto]

In crypto, we would look at all coins with a fresh mind, because crypto is a game of chance sometimes, so we couldn't say that we will always be at a loss or we could not say that we will always be in a win situation. We could take care of both loss and win.

Unfortunately, having fresh minds doesn't give us assurance as well, still, we fall into investing shitcoins if we never do research and background check. It was indeed we had to look deeper but rather make choose of those projects that we already know it was better as it gives us confidence that we can earn a profit from them when the time has come. Although we can't assure that everything went so well and can't avoid losses but there is a way to minimize losses and that is to choose coins that already have support from the community, not it was because of the exchanger.

Like Bitcoin, ETH, BNB, and many more that are recommended based on a strong community and continuous development. There is no need to do any research to hold onto this top coin as it is just a matter of time. Now maybe everything is bearish but when bullish comes everything will leave the current bottom price. Instead of falling into unclear investments such as shitcoins and memecoins, it's better to choose something that is certain, it will be safer and more secure.

[|MINER|]

All I can think of is that centralized exchanges are never good for holding. A centralized exchanger means putting your funds under someone else's control.
Considering this aspect they can do anything with your funds. So I think Centralize Exchange should be used only for trading. It would be best to use a cold wallet ie decentralize exchanger for holding. In this case, it is important to select the right token or coin

[Dessy88]

They entered the crypto market with many exchange budget tokens in the past but they did not last long. Because not everyone will find a successful market like bnb coin. As you may know bnb coin is now marketing all over the country and their investor base is expanding massively as their exchange is now number one in the crypto market. To get such investors it will be too late for a new project but the investors will not wait for you so long so there are many good old exchanges where the investors feel comfortable.

[I_RodimusPrime]

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht),  FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!

It depends on the exchange. If they have a strong fundamental background with mind-blowing future plans tokens will survive. Look what happens for CAKE, KCS.

[Nrcewker]

I can say that BNB has a lots of potential. Apart from this the one’s you have mentioned doesn’t take a stand against BNB. BNB is there in the market for many years, and as it’s the coin of one of the oldest and trusted exchange, so the possibility of growth increases here compared to other coins. I am not saying that the other coins or tokens you have mentioned are bad, but it’s high risk to invest in those coins.

[justdimin]

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht),  FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!

That depends on who you believe. Before I invested in kucoin, because kucoin used to be when you bought it, even if you didn't trade it, as long as you held it, it would automatically stake on its own platform. And now, as far as I know, Kucoin has stopped it, and after that, I sold my holding of it. But for now, the only thing I see that is okay with me is Binance, or BNB, in my opinion. This is the only thing that can be seen if it can be said that there is really strong potential in the future.

I feel like they are not, and waiting a lot more for them to make a comeback is not a smart idea neither. I understand that some people feel that is not the case but most of the time that is the case. I think it is important to realize that bitcoin will end up with a result that would be better in the end, so turning your bad tokens into good ones would make more sense.

One exception would be BNB because I do believe that Binance will continue to do well, but that is the only one and I do not think that it would be smart to make a difference on it. Binance has been huge so far and there is really no reason for it to not be huge anymore, it will keep on being huge for a very long time and will continue to make profit.

[Best-mary]

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht),  FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!

I don't think exchange tokens are shitcoins though. First of all, you need to know what those exchanges do to make their coin unique. Do you know why Bnb has gone from $6 to where it is now? Even BGB if you've heard of it before. They always put up effort to make the coin unique. If not, they're just like other coins that rise and fall as usual but holding them in their designated exchanges makes a different

[usekevin]

They entered the crypto market with many exchange budget tokens in the past but they did not last long. Because not everyone will find a successful market like bnb coin. As you may know bnb coin is now marketing all over the country and their investor base is expanding massively as their exchange is now number one in the crypto market. To get such investors it will be too late for a new project but the investors will not wait for you so long so there are many good old exchanges where the investors feel comfortable.

We can’t say this blindly in the cryptocurrency field for now,because not all exchange surviving for longer period.Some exchange like FTX will stole the money of the investors and traders.They fly with the traders money for their problem,if the exchange doesn’t had a capacity to hold the exchange for the longer period.They can do the other business as compared to the crypto exchange,because nearly 70-80 percentage of the investors from the poor background.They investing money in the cryptocurrency for their future growth,if the exchange stole the money how they trust other exchanges after the scam.

[nurilham]

As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht),  FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb.

I think you choose good tokens, most of them are the tokens of top exchanges. But you shouldn't invest in too many exchange tokens, diversify your altcoin assets with non exchange tokens. Not all exchange tokens are good to invest in, some exchange tokens that rarely have good issues seem difficult to grow the prices. I only choose few exchange tokens and I don't allocate big funds for them. I only spend a little bit money on BNB because I think BNB still deserve to buy as many as possible now.

Anyway, most of altcoins are decreasing their prices during the bearish season, not only exchange tokens. So, you can't judge them no different as shitcoins because al most all tokens/coins are experiencing big drops now.

[gurunanakji777]

During the fiscal year 2018-19, I possessed various exchange coins however, none of them appreciated in value as I had anticipated. Consequently, my overall experience was disappointing because numerous projects had introduced exchange-based tokens, but very few achieved significant success. When considering exchange coins from reputable platforms, I would recommend holding them. For example, coins like BNB and Uniswap have shown their potential. It's important to note that not all exchange coins will perform as impressively as BNB some may yield profits, but not to the extent we hope for. The outcome largely hinges on our expectations for a particular coin. Nevertheless, holding top-tier exchange coins remains a viable and sensible strategy.

[Heulahee]

Whether you have exchange tokens means that are listed anywhere, which means they are also listed on other exchanges, although if you have exchange coins, the main thing is that we can only predict, that how much we can expect from the coin.

[wallet4bitcoin]

Exchanger coins just like every other coin works with the coin principle, if there is  a negative fundamental on the project then we'll see the price of that token crashing, if also their technology as issues or they get regulatory sanctions also it will have a negative impact on the price. No one actually sees the outcome of loads of these exchanges as they always on the trajectory to success when we buy into  these projects.

Bottom line, buy coins and sell them when its in profit.

[coiningz]

I think that some of them still have chance to pump in case of new bull market. But only the biggest ones or from exchanges that somehow unique from others

[fzkto]

I think that some of them still have chance to pump in case of new bull market. But only the biggest ones or from exchanges that somehow unique from others

I don't know what exchange can be unique right now. It is such a time that regulation can prevent any exchange, even one as big as Binance. So it seems to me that exchange tokens are a very risky investment, something like meme coins. It's better to choose those coins that are really decentralised and don't depend on one thing.

[Nazmul012]

I don’t support holding exchange coin for long as those aren’t suppose to be worthy for me. As you already mentioned, some same of altcoins and the incident that happened you to! Meanwhile i check those exchange based tokens and most of those are dumped more than expectations because those tokens only give you some facilities in exchange, and those are valueless outside their platform. I think exchange tokens are risky, even this statement is also eligible for bnb also! Don't forget FTP was also top exchange coin