How are your exchange tokens performing at the moment? - page 2.

sana54210

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Quote from: kotajikikox on September 06, 2023, 05:22:39 AM

Quote from: jasonjm on August 29, 2023, 10:34:55 PM

I had exchange tokens in my portfolio, but after the FTX scam and bankruptcy, I sold all my exchange token holdings. I don't have any exchange tokens in my portfolio, and I advise you to sell your exchange tokens if you have any. These tokens are not meant for investment.

even Binance? well though they are prone to issues like hacks and scams but standing
that long might show grace and support from many holders.
though indeed that i support you for that because those coins are really risky specially in long term , we have no assurance at all of how much it can climb and how long it will stay safer.
but nothingmore , this is a risk we must take if we wanted to earn more than supporting Bitcoin(that is what most altcoin supporters think)
just make sure that you will not put all the eggs in one basket,
try to diversify or try to manage buying bitcoin for the safest way of treating your crypto investing.

I do agree that Binance is one that I could trust, and to be fair considering Coinbase is in the stock market in the USA that would mean that I could trust that as well. This isn't really about the fact that they are big, sure they are super big, but that is also because a lot of money has been trusted to them so far and a lot of money has been withdrawn without an issue. A smaller place could have no issues as well and that would make it make sense and I would understand it.

The issue is that smaller place would not have a lot of money trusted to it yet, and that's why not enough to trust it just yet. BNB is a great coin and when the bull run comes people will see how important it is and how much profit we could make from it.

kotajikikox

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Quote from: jasonjm on August 29, 2023, 10:34:55 PM

I had exchange tokens in my portfolio, but after the FTX scam and bankruptcy, I sold all my exchange token holdings. I don't have any exchange tokens in my portfolio, and I advise you to sell your exchange tokens if you have any. These tokens are not meant for investment.

even Binance? well though they are prone to issues like hacks and scams but standing
that long might show grace and support from many holders.
though indeed that i support you for that because those coins are really risky specially in long term , we have no assurance at all of how much it can climb and how long it will stay safer.
but nothingmore , this is a risk we must take if we wanted to earn more than supporting Bitcoin(that is what most altcoin supporters think)
just make sure that you will not put all the eggs in one basket,
try to diversify or try to manage buying bitcoin for the safest way of treating your crypto investing.

libert19

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I have few Uni (Uniswap) tokens, hodling still since it's airdrop, surprisingly it's price is still close to what it was when it was airdropped. I don't have any CEX tokens as I rarely use centralized exchanges, CEX tokens give some kind of benefit on their platform if you hold their tokens but if you don't use CEXes in first place there is no benefit to you and I'm not fan of getting in for sheer speculation.

Silberman

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Quote from: OrangeII on August 29, 2023, 11:38:02 PM

So far, the exchange token I'm still holding on to is BNB. although there has been no significant development, I am still optimistic about the development in the coming year. Well, I know that there are enough issues that binance is facing right now that could affect BNB. however, I think they are a very professional team. they have solved enough problems so far, in fact many people think that Binance is the best exchange, and owning BNB at this time is a very good opportunity because the price is still quite cheap.

As long as you are aware of the risks then that is fine, however I cannot help but to draw some comparisons between the case of Ripple and the binance coin, during the previous bull run Ripple underperformed in a spectacular fashion because of the issues it had with the SEC, and now binance is facing similar issues with it, so it is entirely possible that the binance coin is not going to perform as well as it did on the past, and this could cause you to not earn as much money as you were expecting during the next years.

OrangeII

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So far, the exchange token I'm still holding on to is BNB. although there has been no significant development, I am still optimistic about the development in the coming year. Well, I know that there are enough issues that binance is facing right now that could affect BNB. however, I think they are a very professional team. they have solved enough problems so far, in fact many people think that Binance is the best exchange, and owning BNB at this time is a very good opportunity because the price is still quite cheap.

jasonjm

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I had exchange tokens in my portfolio, but after the FTX scam and bankruptcy, I sold all my exchange token holdings. I don't have any exchange tokens in my portfolio, and I advise you to sell your exchange tokens if you have any. These tokens are not meant for investment.

Adbitco

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Holding exchange token fully depends on individual likeness because you may found it worthy to hold while others may see it as something not good to have, personally I had took time to analyzed all this tokens they act the same, and same principles of altcoin controls them irrespective of the exchange it should be. Same thing happened to BNB token, we were thinking of seeing it at 5k then when people were predicting ETH to hit $10k but surprisingly that couldn't happened. Between, holding exchange token to me seems wasting of funds rather I may decides to convert them into btc and hold to reduce my fear since they have the possibility of becoming zero at any time.

peter0425

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Quote from: Iamcrypticguy on August 02, 2023, 06:20:39 AM

this year has been quite turbulent for some altcoins, especially exchange tokens. I've invested in a few and performance-wise, only a handful of them have shown decent growth throughout the year. How about you? Do you have any exchange tokens in your holdings, and what are your thoughts on their market performance this year? Let's discuss our experiences and perspectives on how these tokens have been faring in this volatile market.

at least you mentioned those exchange token so we can look at its performance? and also exchange tokens are the most risky tokens for me because we knew how exchange are vulnerable with the attacks of hackers and other criminal elements in which surely will affect their token like what had happened in the past.

tvplus006

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Quote from: Bobrox on August 26, 2023, 03:30:31 AM

...Dump drastically and not matter with how long have been invested in exchange coin or token but still in lower price until today, I have been three or four months with BNB coins and not good option have to do because get loss more than 40% until right now.

Look at the price of other altcoins and you will see that there is a similar situation. When the price of bitcoin decreases, it does not matter if it is an exchange token or not, the price will also decrease. And if the market turns to growth, then altcoins, including exchange tokens, will also increase in price.

Silberman

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Quote from: goaldigger on August 26, 2023, 04:29:19 PM

Quote from: Dessy88 on August 26, 2023, 02:07:57 PM

Basically i never holding any coin for choice exchange wallet of first because they have weakness security. But if you want take a best exchange like binance, kucoin then would be safe your holding. If you want good security for your holding assets then you should use hardware wallet. But if you are a short time holders then try to exchange fell free.

There’s always risk with the exchange token since most of them is based on the performance of the exchange itself. BNB is the most good option and so far they are still doing great despite of some issues with BNB exchange early this year. Though if you are going to compare it last year, I can say that we are still in the same position as the market still struggling to break the resistance.

The greatest strength and the greatest weakness of exchange coins is the exchange behind them, the success binance has enjoyed since its creation is huge and soon became the most dominant exchange on this market due to the favorable treatment they gave to their customers at the time, however no business is meant to dominate or to even last forever, and as such it is entirely possible binance could suffer a huge setback soon, and anyone still holding their binance coin at the moment will suffer heavy consequences because of it.

poodle63

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Quote from: JahriMeayer on August 25, 2023, 04:30:57 PM

I'm not a holder of any exchange token except holding some bnb in wallet probably as for trend and trusted by people which is performing as okey. Otherwise exchange tokens aren’t sound good invest as those are useless in most of the cases. exchanges token are kind of so call token just act for giving 10-25% discount if you use that token for transaction in its platform. Otherwise no real use of it and most of the time those perform as dump in the long.

so far I agreed that BNB having the most utility nowadays, the others are just giving some discount which doesn't make sense since 25% discount of the fee trading is kinda absymal.
but if its used for staking like BNB for the sake of getting new quality coins that might have the potential of tripling its value then it will be worth it.
and so far the only exchange that could realize such concept is only binance.
for that I guess the reason why their BNB is having quite high market capitalization, added with the fact that they have bsc in their service.

goaldigger

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Quote from: Dessy88 on August 26, 2023, 02:07:57 PM

Basically i never holding any coin for choice exchange wallet of first because they have weakness security. But if you want take a best exchange like binance, kucoin then would be safe your holding. If you want good security for your holding assets then you should use hardware wallet. But if you are a short time holders then try to exchange fell free.

There’s always risk with the exchange token since most of them is based on the performance of the exchange itself. BNB is the most good option and so far they are still doing great despite of some issues with BNB exchange early this year. Though if you are going to compare it last year, I can say that we are still in the same position as the market still struggling to break the resistance.

abel1337

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Quote from: Dessy88 on August 26, 2023, 02:07:57 PM

Basically i never holding any coin for choice exchange wallet of first because they have weakness security. But if you want take a best exchange like binance, kucoin then would be safe your holding. If you want good security for your holding assets then you should use hardware wallet. But if you are a short time holders then try to exchange fell free.

It is never a recommendation to put your assets into an exchange. Remember on the FTX collapse? Many people lose their assets because they store their assets on FTX which is a top exchange before their disaster occur. This shows that even if your coin is on a top exchange, storing it their still have a risk even for a short time because we never know what might happen. I personally have some assets on the exchange that I'm using but I don't store it there because I using the exchange to trade my assets, that's why it's obvious that it will be there. Hardware wallet or any decentralize wallet will suffice if you really avoid that kind of risk.

Dessy88

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Basically i never holding any coin for choice exchange wallet of first because they have weakness security. But if you want take a best exchange like binance, kucoin then would be safe your holding. If you want good security for your holding assets then you should use hardware wallet. But if you are a short time holders then try to exchange fell free.

bitgolden

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Quote from: Oneandpure on August 24, 2023, 03:43:36 AM

Not all exchange token performing well due what happen with both local exchange token in my country, price dump drastically and keep stable in lower price although they are opening many vote for launching new coins. Not difference between CEX or Dapp exchange token and right now keep going down.
Seems only Binance as exchange coins have good price right now and other exchange coins price drop drastically, for dapp exchange token price drastically drop like Apeswap and Uniswap. I don't think profitable when investing in exchange token although guarantee not delisted yet because face difficult for raising to higher price.

Looking at the prices of everything right now, it makes sense that most of them (probably all of them) not doing that well. The market is in the red for the past few weeks and just because of that alone it makes sense not to have any result at all, it should be normal not to have any results, nothing good at least.

I believe that we are going to get a lot worse and we should be considering this to get better. If we see it get better then we are going to end up making more profit eventually as well. I think it is important to make that profit because with that method you are going to end up with accumulating it at the bottom right now, and selling it later on when it starts to make more money as well, a good idea.

Bobrox

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Binance coin or BNB is the only one coins exchange in my portfolio holding right now, not really promising although exchange coin because invested when BNB above $320 and current BNB price drop drastically right now dump to $220. You can give your viewed about how progress with BNB coins and take more lesson when investing in exchange coin or token never totally trusted and keep open stop loss order for protecting when coins suddenly dump. I don't see with other exchange coin or token have good progress like BNB or not but almost exchange token or coin performing right now still bad.

Dump drastically and not matter with how long have been invested in exchange coin or token but still in lower price until today, I have been three or four months with BNB coins and not good option have to do because get loss more than 40% until right now.

JahriMeayer

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I'm not a holder of any exchange token except holding some bnb in wallet probably as for trend and trusted by people which is performing as okey. Otherwise exchange tokens aren’t sound good invest as those are useless in most of the cases. exchanges token are kind of so call token just act for giving 10-25% discount if you use that token for transaction in its platform. Otherwise no real use of it and most of the time those perform as dump in the long.

Silberman

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Quote from: Oneandpure on August 24, 2023, 03:43:36 AM

Not all exchange token performing well due what happen with both local exchange token in my country, price dump drastically and keep stable in lower price although they are opening many vote for launching new coins. Not difference between CEX or Dapp exchange token and right now keep going down.
Seems only Binance as exchange coins have good price right now and other exchange coins price drop drastically, for dapp exchange token price drastically drop like Apeswap and Uniswap. I don't think profitable when investing in exchange token although guarantee not delisted yet because face difficult for raising to higher price.

The binance coin is not doing as well as you think, since April the binance coin has experimented almost a 40% drop, no matter how we look at this is is not right as bitcoin has not experimented the same kind of negative movement, this tell us there is something going on with binance, and it is not a mystery at all, we know the SEC has binance on their sights and they want to limit their influence or maybe even destroy them, and this means that other exchange tokens are also suffering as if binance falls then it wont take long for the SEC to go for them as well.

Oneandpure

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Not all exchange token performing well due what happen with both local exchange token in my country, price dump drastically and keep stable in lower price although they are opening many vote for launching new coins. Not difference between CEX or Dapp exchange token and right now keep going down.
Seems only Binance as exchange coins have good price right now and other exchange coins price drop drastically, for dapp exchange token price drastically drop like Apeswap and Uniswap. I don't think profitable when investing in exchange token although guarantee not delisted yet because face difficult for raising to higher price.

milewilda

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Quote from: Iamcrypticguy on August 02, 2023, 06:20:39 AM

this year has been quite turbulent for some altcoins, especially exchange tokens. I've invested in a few and performance-wise, only a handful of them have shown decent growth throughout the year. How about you? Do you have any exchange tokens in your holdings, and what are your thoughts on their market performance this year? Let's discuss our experiences and perspectives on how these tokens have been faring in this volatile market.

I have BNB, OKB and BGB and speaking about their performances then it would be always reflect on different factors;
1. Market condition
2. Trend
3. Exchange platform promotions and other related update

We can really see that it would really be bringing out that kind of price action basing up with those factors above. This is why im not really that a fan that much on accumulating or holding more.
Since i do have those 3x piece of exchange coins or tokens then it isnt really that bad to hold it up as long you dont focus up with these things.

Basing on my port then i would be mainly holding Bitcoin and ETH which the rest would be speaking about these exchange coins and the rest are those meme coins and some alts
which i do believe that it could have the potential on having that multiple folds on upcoming bull run season. It might not be assured but at least we do already know on what are those
probabilities. Invest on what you can afford to lose as always.

Topic: How are your exchange tokens performing at the moment? - page 2. (Read 644 times)