So, the social media has been talking a lot about KCS and COSS during the past few months. However, discussions on BCO (and CEFS, the "dividend" coin for Cryptopia) are almost nonexisting. What are your thoughts on this? Is Cryptobridge just too young project or somehow amateurish? Is the project just moving under the radar, or is it one of those extremely high risk startups that are more likely to fail before the end of the year?
I have a big position on COSS because I believe it to remain a relatively conservative and safe long term (=multiple years) hold for a guy like me, who wants to build a diverse portfolio but does not want to spend all the time waiting for the right moment to buy each coin separately. I am expecting that the COSS coins will keep their initial value, and in a few years at least one of those tens, hundreds or thousands of different coins received as dividend will become a major one, reaching x100 or even x1000, and providing me 100 % ROI for my initial COSS investment. I believe this idea to be even quite probable, since sooner or later a new, cheap crypto will be introduced which will become one of the major ones. Any problems with my thought process? Sure, if the trade fees or customers of the exchange go to zero, there won't be much dividends to pay.
Do you believe that decentralized exchanges are the future, and free exchanges (Robinhood or whatever) will become a standard, causing all these dividend token/coins to crash? I do not feel very comfortable at the moment because new exchanges are being introduced daily. I have only bought a few BCOs so far, mainly because I have no deep understanding on whether people are moving towards decentralized exchanges or not. I have heard some rumours that the requlation will destroy these kind of exchanges, or there will never be FIAT on these platforms etc. I have absolutely no idea whether this is the case.
All comments, thoughts and tips are welcome. No need for shilling.
It seem as if you just shilled COSS, then turn around and say no shilling. Coss if am not mistaken sold those coin. BCO on the other hand was mined. The exchange is still new and personally i like it how it is now. I know some investors with coins locked up might want no action to increase liquidity. But me personally i like the fact that it's currently a lowkey exchange with several niche coins.
I rarely take advice...
But when I do it from someone who has "absolutely no idea" and has "heard some rumors".
Hah, exactly. I was expecting this kind of reaction. In my opinion, the comparison of BCO to COSS is very relevant, and I am probably not the only one trying to understand, which one has a brighter future ahead. Perhaps both of them can be successful on their own way. So far, I have seen zero well written reviews on BCO, relatively little discussion on decentralized exchanges, and I am very curious on the sentiment of the matter. Obviously, I am very interested in BCO since I am asking opinions here.
Personally, I use mainly Binance because I enjoy the user experience. I also see the bright future in COSS because of the coming FIAT trading, new engine, promos etc., and considering the roadmap, I have fundamental reasoning to support my investment decision. On the other hand, right now, I have found only a few reasons why I would choose CryptoBridge as my main trading platform. And this is just an opinion of an average cryptotrader (or holder) with no deep understanding on decentralized exchanges. And I believe not to be the only one. This is also a great risk considering my COSS investment, and one reason for me asking advice here. Not trying to be negative. As I said, I have invested in BCO and am now thinking about increasing my position but won't do it before I feel like I truly understand the field of crypto exchanges. Considering the amount of money people are investing, I am surprised I have not seen any comprehensive analysis on the field of crypto exchanges.
Thanks, bitChipper for clearing the matter. This is exactly how I was expecting the matter to b.