betswift
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June 17, 2024, 03:23:59 PM |
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Also, we should add that if you are ok long term, you can use these tokens for various IDOs and launch pools that can give good APY% on your holdings!
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Psalms23
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#SWGT PRE-SALE IS LIVE
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June 18, 2024, 03:38:36 PM |
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Holding exchange-based tokens can be a bit of a boon or bane, TBH. These tokens, like Binance Coin (BNB) or FTX Token (FTT), often give you perks like lower trading fees and sometimes even staking rewards. If you’re big on trading or using that exchange, they might be worth it. But remember, their value is tied to the exchange's success. If the exchange faces issues, the token could tank. So, DYOR (do your own research) and don’t YOLO your entire portfolio into them. Balance is key!
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Psalms23
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#SWGT PRE-SALE IS LIVE
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June 18, 2024, 03:40:07 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.
I feel you! Exchange coins like OKB, BGB, and KCS can def still be solid investments since these exchanges have mad respect in the crypto space. Sure, prices dip now and then, but that's just the crypto rollercoaster, right? All coins go through it. The real deal is timing your buys and sells – that's how you win at this game. So yeah, if you trust the exchange, holding their coins can be a smart move. Just stay sharp with your timing!
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moneystery
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June 18, 2024, 03:59:29 PM |
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Many use BNB or Bitget as a reference that token-based exchange projects have a good chance of making a profit because if the exchange is successfully launched and becomes popular then of course the exchange-based token will rise significantly and become a solid project. But what most people don't know is that many exchanges fail to launch and cause losses to investors because token-based exchange projects usually have high pre-sale prices.
but we don't know when the exchange will go bankrupt, for example like the case of ftx some time ago, so even though this exchange-based token provides high profits to users because of their performance, we should not ignore the risk that the exchange could go bankrupt and make the value of the token zero. so we have to make sure that the exchange of the token we invest in is truly trusted and reliable.
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hamba laeh
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ARTEMIS
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July 16, 2024, 03:48:22 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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Qiubell5
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July 17, 2024, 11:00:27 AM |
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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.
with some exchange-based tokens showing quite well for years and attracting investor interest, apart from that, don't keep altcoins, especially exchange tokens, for the long term, not all securities traded on exchanges are crypto assets, very few of them have a chance of lasting long, in general Overall, how can you make money by investing in these types of tokens? By looking at developments in the current situation, it is very necessary to know developments.
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EarnOnVictor
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July 17, 2024, 11:26:56 AM |
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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 only hope you push your view through because buying exchange tokens is good, especially those exchanges you know are growing and have prospects. You don't just buy them anyhow, otherwise, you will regret your action. I advise anyone who wishes to buy these tokens to go for the top 10 exchanges' tokens, Coinmarketcap can easily fetch that for them. They should then proceed to those exchanges to find out their token as many of them are not so popular like BNB. Judging by the time you wrote this post, if you actualise it as I advised, I am sure that some would even deliver more than 5x easily into your account. How many investments can do that easily?
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betswift
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July 19, 2024, 08:26:55 AM |
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It all boils down to the trust you have for the exchange platform and the token they have. If we are talking about giants (Binance, for example), would you fear for its token to drop or to freaze in a moment, dropping your portfolio? We also don't need to forget that usually CEXes have more power over the assets of their users, thus, you always need to be careful where to invest your money and from what your portfolio will consist.
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FortuneFollower
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July 19, 2024, 01:53:35 PM |
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Holding exchange-based tokens can be a bit of a boon or bane, TBH. These tokens, like Binance Coin (BNB) or FTX Token (FTT), often give you perks like lower trading fees and sometimes even staking rewards. If you’re big on trading or using that exchange, they might be worth it. But remember, their value is tied to the exchange's success. If the exchange faces issues, the token could tank. So, DYOR (do your own research) and don’t YOLO your entire portfolio into them. Balance is key!
Agreed! It's usually a high risk - high reward type of deal. There is a concept of patience in place to make the right move. I would also only hold these tokens in spot, to not mess things up if the token of any exchange would eventually dump for some reason.
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asrinur
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August 11, 2024, 01:23:02 PM |
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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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