HODL Strategy - Exchange Coins - page 2.

ethereumhunter

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Quote from: Digital_Lord on May 06, 2021, 06:05:01 AM

Most of your mentioned coins/tokens have already increased a lot. So there is less chance to pump again. So I think we should find other coins for investing. Which can give us atleast 15% profit. Cheesy

We do not know for sure about that because the price can get another rally and get more pumps in the future and he can wait for that moment. He can sell his coins/tokens when the price surge higher and not wait for the next high price. But after the coins/tokens get a pump before, the price will go down for a while and if the supports come again, the price will start to rally and reach the next high price. If we can act based on the market situations, we will have a chance to profit.

CryptopreneurBrainboss

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Quote from: Raytheon on May 04, 2021, 05:35:39 AM

All the coins/tokens you picked have increased by multiple times. Holding those won't bring you huge profit. If it were me, I would apply similar strategy but with less known exchanges/platforms. Some of typical examples are BAKE (bekeryswap) and BANANA (Apeswap). Both these tokens have just increased by many times in the last couple of weeks.

Don't think in that manner, as they can still give huge returns. In fact most times we have to ignore the random projects pumping up every now and then and just focus on those that are actually having an impact on the community. Early this year binance was trading around $40 and I was seeing similar advice all round the forum on how others less costly project are more likely to give higher profit than binance coin but today the story is different.

While you made good choices in your token selection, you can play the safe game and diversify (although not much of diversifying since they're all altcoins in the same market) that's tinsane invest in both the high market cap coins and the low market cap.

Seems both bake and banana are having an me corrections so it might be the right time to get in but do your research so you don't buy while the market is still correcting.

TribalBob

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all the tokens described are all good and have good value, especially uni I am very sorry to sell at the beginning, try to hold back a little maybe I will get a lot of profit from being distributed, but it is not good to pay for items that are not in hand, and let's look again a valuable asset

TopTort777

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Among all mentions exchange coins, I would hold BNB only. DEX coins almost have no real usage. Their price would go up if only they would invent something new. But as a dex, it is hard to do it. Exchange coins except BNB - do these exchanges develop? Do they bring something new to market? I think Binance is the only one who surprises everyone during last years with their innovations. Other coins - they just try to copycat what Binance did, but they will never achieve same as Binance.

tygeade

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Quote from: Stoicreddy on May 04, 2021, 05:10:01 AM

I have hand picked few of them, and believe there is a huge potential for these coins to grow in near and far future. Let us share your views and comments.

Spot Exchange Tokens/Coins:

BNB (Binance Coin)
KCS (KuCoin Token)
CRO (Crypto.com Coin)
HT (Huobi Token)
GT (Gate Token)

I must need to agree with you because already we have witness how strong BNB coin is performing well. I guess this trend of exchange coin or token has been introduced or triggered by binance only (I guess even CRO is existing for long time). So, focusing on more of biannce related exchange coins or tokens might get us more profits in very short period of time itself.

I read there are many sister concern for binance in counties wise: two of them seem important one, one is India based exchange wazirx and another one is Indonesia based TOCO exchange. I believe these two might be performing well in coming months along with BNB.

Raytheon

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Quote from: Stoicreddy on May 04, 2021, 07:10:55 AM

Quote from: Raytheon on May 04, 2021, 05:35:39 AM

All the coins/tokens you picked have increased by multiple times. Holding those won't bring you huge profit. If it were me, I would apply similar strategy but with less known exchanges/platforms. Some of typical examples are BAKE (bekeryswap) and BANANA (Apeswap). Both these tokens have just increased by many times in the last couple of weeks.

Agreed, they have increased. You got the idea but you are saying to implement it in less known exchanges with an extreme risk Cheesy

. Risk might High to Very High in the coins I picked. But your idea got extreme risk and so lucrative returns.

Out of my picks CRO is still struggling to pick up and it's popularity is picking so I see potential in this.

As a saying goes "High risk, high return", those somewhat established exchanges coins/tokens only can bring you 10%, 20% profit if you buy it at this time while risks of being loss still remain. Anyway, the important thing here is risk management. I only invest in less known coins/tokens with those amounts that I am willing to sacrifice. If I win, I win big and if I lose, it's not much of a deal. Btw, CRO is an interesting coin. I will take a look at it. Thanks for mentioning it.

Digital_Lord

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Most of your mentioned coins/tokens have already increased a lot. So there is less chance to pump again. So I think we should find other coins for investing. Which can give us atleast 15% profit. Cheesy

cryptobull27

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Quote from: Stoicreddy on May 06, 2021, 05:52:39 AM

Quote

in my opinion we have to find a middle ground there are many earning opportunities with exchange coins but following many can be dispersive in my opinion we need to focus on 3 or 4 and focus only on those, at the moment i follow cake, bnb, banana and uni

Which 3 - 4 coins would you pick?

For short term like for 2-3 days as per my data research i'll get HNT, ZIL & BCD. All are going to gain easy 20-30% rise very soon.

Stoicreddy

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Quote

in my opinion we have to find a middle ground there are many earning opportunities with exchange coins but following many can be dispersive in my opinion we need to focus on 3 or 4 and focus only on those, at the moment i follow cake, bnb, banana and uni

Which 3 - 4 coins would you pick?

xiboothrezi

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The popularity of exchange tokens has been increasing recently. especially after token exchanges from dex such as uni and cake hit the crypto market, then from cez there was BNB who ruled by touching the new ATH. This gives great hope for other token exchanges to also skyrocket, with this opportunity many investors are looking for other token exchanges that have not experienced a big pump to support. It's just that you don't need it, this pump pattern cannot apply to all, even though the market is possible for pump and dump, still use common sense and don't be greedy.

JooBra

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Quote from: ashmodeus on May 04, 2021, 09:32:12 AM

as long you know when to cash out, i totally aggree, i just sell my free 400 UNI last year, damn it , and also i did the same mistake on Cake, sell to early, also XVS when it reach $60 , now i just buy back a similiar token , i mean JulD , which probably get listed to binance like burger recently.

Well you won't be able to sell at max point almost never. If you had plan and sold UNI when you planed there is nothing to feel bad. It will be always like that in crypto world. Move one find something else and being in profit is only thing it counts.

ipanks

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BNB proves that exchange tokens can increase higher and maybe that can happen too with the other exchange tokens, as @OP mention. But to invest in that exchange token or not, that will be your own decision and you better research before you decide. Hold strategy can work for us but we should know when to sell the coin or token and take profit from that. If you just hold any coin without having a plan to sell, you will not make a profit and wait for longer than you can expect. So be wise and know when to decide.

Bravehash

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Quote from: ashmodeus on May 04, 2021, 09:32:12 AM

as long you know when to cash out, i totally aggree, i just sell my free 400 UNI last year, damn it , and also i did the same mistake on Cake, sell to early, also XVS when it reach $60 , now i just buy back a similiar token , i mean JulD , which probably get listed to binance like burger recently.

What I hate hearing from people is that regret of selling, I'm pretty sure that majority don't sell at loss, they make some profits but why regrets when it's not the end of everything? Atleast you make something out of the project, there is one thing I've learned in crypto space, many more opportunities will arise, this is the next big thing to happen in the world today

Fesatmas

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As a reference is more than enough, I really agree if the decision remains back to each other according to their needs and trading style. maybe not all of the options above can provide a big advantage, but one of them will make us lucky to hold it.

so there is no harm in this only as an illustration, even though the choices above are commonplace and are well known among us.

Bitbtc8

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I've always prefer centralised exchanges tokens more than Dex and right now I believe that they have the higher chance to grow bigger than many others, HT, WazirX and BNB are the top ones I'm focusing on, also people should start planning to exit the market because at this time bitcoin dominance have fall lower than past weeks, take profits while you can

go4crypto

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Most of the exchange coins given by OP are good and should do fine so long as bull market continues. There are newer better upstarts coming all the time in crypto markets so do not be complacent in your holding.

serjent05

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These kinds of coins have real-life use. They get a discount on the trading fees when holding or using it. Aside from that, once the exchange is established and becomes popular, the confidence level of this coin will be higher. So holding these kinds of coins will give us a good profit in the long run.

laredo7mm

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Many people regretting about selling their UNI and CAKE too early. If you know about the market trend then you can pick the right trend and be profitable with it. When low-cap coins are pumping then holding only large-cap coins is not a good idea. Just follow the trend and hold your coin. Also, don't forget to cash out when you are in profits without just watching it down again.

ashmodeus

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as long you know when to cash out, i totally aggree, i just sell my free 400 UNI last year, damn it , and also i did the same mistake on Cake, sell to early, also XVS when it reach $60 , now i just buy back a similiar token , i mean JulD , which probably get listed to binance like burger recently.

Shallow

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I totally agree with you, because coins with good and applicable utility last long term, and as such exchange coins fits into this category. However, just like you highlighted some exchanges, it shows that not all exchange coins are worth holding thus also meaning that for you to hold an exchange coin for long term, that exchange in question should be one that keeps growing, it also should be one whose team are always ready to innovate, improve and expand their services; without this the exchange won't grow and their coins won't appreciate in value.
Nevertheless, although these exchanges are good and have attractive products and services, it is likewise good to know that crypto volatility still exists.

Topic: HODL Strategy - Exchange Coins - page 2. (Read 429 times)