Topic: HODL Strategy - Exchange Coins - page 3. (Read 429 times)

True, and the downside or Critical Risk of this strategy is if not all the coins I picked, most of those coins are centralized and this is is ironic to the whole idea of founding/developing Cyrpto currency (Bitcoin). The idea of Crypto currency is decentralization when they begin it, but it is taking a different shape as it grows huge and huge.

For me investing means managing your own risk. I agree that those projects that you mentioned before have a good future considering that they're already steady enough. Each project already has a good track record in the crypto world. However, I think because of their steadiness, there won't be many surprises. The profit won't be too high now. In this crypto world, everything is about managing risk. Higher the risk, probably higher the profit. I've found several new exchangers with unique features and great development like Burency and AdonX, you might want to check it.

Yes, I totally agree with your views on which Exchange Coin should be held, but it is not at this point that most of them are already at a very large growth rate, I looked at. Exchange Coin from the early stage of the uptrend began, and I was right with that decision, but now I no longer keep many of them and switch to other platforms that are in the market. At any given stage, in my opinion the growth will begin for the Exchange Coin along with the major projects in the market and then the rest of the altcoins in the market.

This year's market is much different from the old ones, so I thought it would be better to being trendy. So I invested in juld and cake and managed to make a good profit. Actually I am very happy with this situation, but we should keep most of the investment away from exchange tokens. Almost they are just hanging from a rope and it is not that difficult to break the rope, except bnb.
And I also think that the current situation is better for selling, not holding. The market has to fall after a certain point. Otherwise, this situation is gonna worn market a lot and the longer it lasts, the worse it will be.

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

In short it's about risk that you can afford to take. Choosing low mcap coins carries a huge risk while those who're in top 100 might take a long time to give you 3x or more but it's relatively more stable. Choose your poison wisely.

Agreed, people should not take this as financial advise but we know that your main strategy. Remember that those exchange tokens have fully working product and that being said that they can still grow even when the market turns into the bearish trend.  I have bought lots of BNB when the price was around $10 and i got a very big profit. I was also using the same strategy like you dude.
So many people have been rushing various exchange tokens because they saw these tokens have big opportunities to be even bigger from time to the time.

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.

This is Not a Financial Advise, I am not a Financial Advisor. You should be prepared to loose all the money you put in Crypto, if not do not put in that money.

I would like to talk about the Exchange Coins, which got a huge potential.

In a traditional stock market if you want to buy stocks you need to go through a broker, if you want to buy currencies you need to through a forex broker/trader. These are the ones who mints money irrespective of the markets going up or down.

Unlike a traditional market we don't have these middle men (brokers) in Cypto Markets. We directly deal with the exchanges. Exchanges are the ones that make money irrespective of the market moments (bullish/bearish).

Each crypto exchange has a native token (commonly called as coin) that offers discounts in the trading fee, when you pay the commission using the token that is native to that exchange. Just like how the brokers make money in a traditional market, Cyrpto Exchanges makes money through the commissions collected from the users.

I strongly believe that these tokens should be part of every user with HODL strategy. These are not flying to moon coins but, I see a steady growth with a crystal clear use case. As an example look at Binance Coin BNB, we all know what happened to these coins it was trading in 2 digits few months back, at the time of writing this topic, it was trading at around $650.

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)

Decentralized Exchange Tokens/Coins:

• UNI (UniSwap)
• CAKE (PanCakeSwap)
• SUSHI (SushiSwap)
• BURGER (BurgerSwap)
• 1INCH (1inch)

Lending Exchange Tokens/Coins:

• XVS (Venus)
• AAVE (Aave)
• COMP (Compound)