Sayeds56
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Eloncoin.org - Mars, here we come!
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March 02, 2024, 11:10:33 AM Last edit: March 02, 2024, 12:32:54 PM by Sayeds56 |
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honestly it really depends, with this kind of tokens the performance and valuation depends on the exchanges themselves like BNB, whenever they have staking programs that tells them to stake some of the BNB the price went up, but if there's news surrounding the platform themselves in which giving negative impression the value of the token usually plummet. i'd personally never gonna hold these tokens for long, at best just following staking program, its just not worth it. not to mention of suddenly the exchange asset got stolen or something similar to that. i can be 100% sure that the value of token will just make a sharp down turn, there's just too many ways for these tokens to lose its value honestly that i don't think they are worth long term holding.
Certainly, the value of the native token of any exchange such as BNB largely depends on its use case and how the token is backed by stable coins such as USDT or USDC. I think that native tokens of exchanges are not worth holding for investment purpose. We have witnessed the collapse of LUNA and FTX in the past within days, when they ran out of liquidity. These unfortunate incidents underscore the importance of transparent and responsible financial management of exchange to prevent such catastrophic outcomes,
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bounceback
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Seabet.io | Crypto-Casino
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March 22, 2024, 03:31:11 PM |
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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!
If you invest in exchange-based altcoins, the price of the coin usually really depends on the exchange platform and also the founder, such as what happened on the Binance exchange, if there was a hack on the exchange, the price of the BNB coin would also experience a significant drop in price, as well as when there is Other negative news related to this exchange, even though the Binannce exchange is an exchange that has developed greatly, investing with BNB coins also carries a risk of loss.
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leonair
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★Bitvest.io★ Play Plinko or Invest!
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May 01, 2024, 12:30:05 PM |
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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 will compare the tokens based on these exchangers to a lot of bubble gum, they burst after a while. I would say that for those who are short-term traders, it may be good to invest in these tokens or coins, but for long-term trading, I would not suggest them to choose. Because if we see the FTX incident then everyone will understand. So for short term trading you can choose them but for long term trading Bitcoin will be the best for you.
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Rabbitqt
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May 01, 2024, 12:32:45 PM |
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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've always done very well with exchange coins every bull run With BNB being the main winner.
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tengui
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#SWGT PRE-SALE IS LIVE
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May 01, 2024, 01:36:31 PM |
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I think exchange coins like OKB BGB or KCS are still worth investing in because the exchanges that support these altcoins still have very high trust from the public. Price drops are normal because other altcoins (non-exchange) also often experience sudden price drops. The most important thing is that you have to determine the best time to buy and sell because that is the key to investment success.
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strunberg
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May 01, 2024, 02:42:06 PM |
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If you invest in exchange-based altcoins, the price of the coin usually really depends on the exchange platform and also the founder, such as what happened on the Binance exchange, if there was a hack on the exchange, the price of the BNB coin would also experience a significant drop in price, as well as when there is Other negative news related to this exchange, even though the Binannce exchange is an exchange that has developed greatly, investing with BNB coins also carries a risk of loss.
Yes, you are right. Basically, exchange-based tokens also have risks depending on the development of the exchange. We can see the case of the FTX exchange and most recently the Bitforex exchange which experienced problems and caused the value of exchange-based tokens to decrease significantly. But for me BNB has many advantages and they are the number 1 exchange in the world today.
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Kezacky
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https://www.enterapp.io/
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May 01, 2024, 05:01:01 PM |
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Since the FTX incident I have been traumatized about investing in exchange-based tokens for the long term except only BNB. which so far I still maintain as a long-term investment.
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MeGold666
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May 01, 2024, 05:05:06 PM |
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Is exchange based tokens worth for hold? No.
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Sophokles
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May 01, 2024, 05:58:50 PM |
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Since the FTX incident I have been traumatized about investing in exchange-based tokens for the long term except only BNB. which so far I still maintain as a long-term investment.
BNB is more than a exchange token. It is true that many people don't want to invest in any exchange token any more, but that is not the only reason behind the decreasing popularity of exchange based tokens. Only having discount on trading fees won't work to motivate people to buy those tokens, nor will the token sale be that attractive any more. There are countless other ways to conduct an ICO, and most of the projects are using multiple platforms for token sales. Exchange based token just lost their demands as utility based token.
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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asrinur
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Enterapp Pre-Sale Live
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May 23, 2024, 07:23:43 AM |
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Not all exchange-based tokens can soar in price. However, there are also some exchange-based coins that are worth investing in long term such as BNB. We know that since the emergence of BNB, many people bought it at that time when the price was relatively low, but as time went by, BNB experienced a very high spike and even reached the ATH level and we are sure that if the halving occurs, popular exchange-based coins such as BNB will again reach a new ATH.
true, but if investors turn around and sell their BNB coins, it will definitely be bearish. Let's remember yesterday's incident when CZ reportedly resigned from Binance, like that alone it could move the BNB market. especially if big investors immediately take a stance to sell the BNB they hold. it will definitely run out too. Keep following the flow and developments of the market, if you feel it is unstable, immediately switch to another altcoin. What happened to CZ is something different because it does not reflect that the price of BNB has also fallen. Moreover, investors are not affected by the case that happened to CZ because BNB has strong fundamentals and the CZ case was purely due to its own mistakes and does not represent Binance as a whole.
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hamba laeh
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Enterapp Pre-Sale Live - bit.ly/3UrMCWI
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May 23, 2024, 03:56:43 PM |
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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!
In my opinion, the purpose of investment is to make a profit. So we invest wherever we can make a profit, including exchange-based tokens, and we must maintain everything that has the potential to develop, and vice versa, if it does not have a good opportunity, it must be immediately removed from the list. so not all exchange based tokens do not have the potential to develop in the future.
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Rasa nanas
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May 24, 2024, 05:14:04 PM |
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I also think so, the only exchange-based altcoin worth investing in is BNB. However if we talk about BNB we are not just talking about the exchange that supports it namely binance, but also talk about the ecosystem and network usage which continues to increase. As we know, currently new projects on the BNB network continue to increase, and perhaps this is what makes BNB's position even stronger.
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