Topic: Is exchange based tokens worth for hold? - page 2. (Read 1954 times)
I don't like uniswap but the others are okay with me. Investing in Centralized Exchanges Token is not bad and the most favorable ones are BNB, KCS, And also some of the casino tokens are also good to invest in. But those tokens are not pumping like other altcoins except BNB. But since they are from reputation exchanges then they have good future. So investing in them is not a waste and they have trust more than the other memecoins that are just coming from telegram channels.
Exchange tokens usually move in direct proportion to the trading volumes of the exchanges. If customers come, we expect the exchange's token to start attracting interest. When I am building a large portfolio, I reserve a place for exchange tokens in my bag. However, it is important to remember that they are always a target for hackers. That makes them a risky investment...
Exchange-based tokens have a very high risk because if the exchange experiences problems then it will impact the selling value of exchange-based tokens which will risk losing your money. Examples include Bitforex and several other exchange projects that did not gain popularity and ended up failing. In fact there are many exchanges that failed but we only see a few that succeeded like BNB or Bitget.
it is important to remember that they are always a target for hackers. That makes them a risky investment...
Additionally, Exchange tokens will most likely follow the actual performance of the exchange it is native on. Which in itself is a risk, I think. It could fall depending on the news or rumors surrounding the exchange which makes me think it is a lot more volatile than some altcoins. 
In fact, exchange tokens are always one of the best options, but as with any investment, it's important to be in the right place at the right time. In the middle of a bear market, we will lose money no matter which token we buy, even Bitcoin will lose money in such a period...
Exchange tokens usually move in direct proportion to the trading volumes of the exchanges. If customers come, we expect the exchange's token to start attracting interest. When I am building a large portfolio, I reserve a place for exchange tokens in my bag. However, it is important to remember that they are always a target for hackers. That makes them a risky investment...
Exchange tokens usually move in direct proportion to the trading volumes of the exchanges. If customers come, we expect the exchange's token to start attracting interest. When I am building a large portfolio, I reserve a place for exchange tokens in my bag. However, it is important to remember that they are always a target for hackers. That makes them a risky investment...
I also think so, the only exchange-based altcoin worth investing in is BNB. However if we talk about BNB we are not just talking about the exchange that supports it namely binance, but also talk about the ecosystem and network usage which continues to increase. As we know, currently new projects on the BNB network continue to increase, and perhaps this is what makes BNB's position even stronger.
Since the FTX incident I have been traumatized about investing in exchange-based tokens for the long term except only BNB. which so far I still maintain as a long-term investment.
BNB is more than a exchange token. It is true that many people don't want to invest in any exchange token any more, but that is not the only reason behind the decreasing popularity of exchange based tokens. Only having discount on trading fees won't work to motivate people to buy those tokens, nor will the token sale be that attractive any more. There are countless other ways to conduct an ICO, and most of the projects are using multiple platforms for token sales. Exchange based token just lost their demands as utility based token.
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Is exchange based tokens worth for hold?
No.
Since the FTX incident I have been traumatized about investing in exchange-based tokens for the long term except only BNB. which so far I still maintain as a long-term investment.
If you invest in exchange-based altcoins, the price of the coin usually really depends on the exchange platform and also the founder, such as what happened on the Binance exchange, if there was a hack on the exchange, the price of the BNB coin would also experience a significant drop in price, as well as when there is Other negative news related to this exchange, even though the Binannce exchange is an exchange that has developed greatly, investing with BNB coins also carries a risk of loss.
Yes, you are right. Basically, exchange-based tokens also have risks depending on the development of the exchange. We can see the case of the FTX exchange and most recently the Bitforex exchange which experienced problems and caused the value of exchange-based tokens to decrease significantly. But for me BNB has many advantages and they are the number 1 exchange in the world today.
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.
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've always done very well with exchange coins every bull runWith BNB being the main winner.
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 will compare the tokens based on these exchangers to a lot of bubble gum, they burst after a while. I would say that for those who are short-term traders, it may be good to invest in these tokens or coins, but for long-term trading, I would not suggest them to choose. Because if we see the FTX incident then everyone will understand. So for short term trading you can choose them but for long term trading Bitcoin will be the best for you. 
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!
If you invest in exchange-based altcoins, the price of the coin usually really depends on the exchange platform and also the founder, such as what happened on the Binance exchange, if there was a hack on the exchange, the price of the BNB coin would also experience a significant drop in price, as well as when there is Other negative news related to this exchange, even though the Binannce exchange is an exchange that has developed greatly, investing with BNB coins also carries a risk of loss. 
honestly it really depends, with this kind of tokens the performance and valuation depends on the exchanges themselves like BNB, whenever they have staking programs that tells them to stake some of the BNB the price went up, but if there's news surrounding the platform themselves in which giving negative impression the value of the token usually plummet.
i'd personally never gonna hold these tokens for long, at best just following staking program, its just not worth it. not to mention of suddenly the exchange asset got stolen or something similar to that.
i can be 100% sure that the value of token will just make a sharp down turn, there's just too many ways for these tokens to lose its value honestly that i don't think they are worth long term holding.
i'd personally never gonna hold these tokens for long, at best just following staking program, its just not worth it. not to mention of suddenly the exchange asset got stolen or something similar to that.
i can be 100% sure that the value of token will just make a sharp down turn, there's just too many ways for these tokens to lose its value honestly that i don't think they are worth long term holding.
Certainly, the value of the native token of any exchange such as BNB largely depends on its use case and how the token is backed by stable coins such as USDT or USDC. I think that native tokens of exchanges are not worth holding for investment purpose.
We have witnessed the collapse of LUNA and FTX in the past within days, when they ran out of liquidity. These unfortunate incidents underscore the importance of transparent and responsible financial management of exchange to prevent such catastrophic outcomes,
i think exchange based tokens are only profitable as long as their exchange is popular and these coins will not long live without their exchange popularity. as you know binance is the top crypto currencies exchange in the world still now, so there coin bnb is most popular exchange based coin right now. same other some good coins as like kcs,ht, and cake.
Even popular exchange token are not that demandable anymore. Binance had added new projects to their launchpool more frequently than ever, but still, the price of BNB doesn't appreciate that. People don't want to hold a token only to get a discount on trading or participate in a IEO or launchpool project. Project that has utilities doing better than the rest of the industry. The meme project is also doing well because of the speculation and the entire ecosystem is promoting their own meme project.
i think exchange based tokens are only profitable as long as their exchange is popular and these coins will not long live without their exchange popularity. as you know binance is the top crypto currencies exchange in the world still now, so there coin bnb is most popular exchange based coin right now. same other some good coins as like kcs,ht, and cake.
it's true as you said, BNB has the highest popularity. and the community is very large and solid. that's why the price of this coin has become famous and continues to rise.different from other coins that are still below it, I'm not pessimistic, but it's better to see first how the exchange is developing so that you don't make mistakes and get profit from exchange coins for a long time.
i think exchange based tokens are only profitable as long as their exchange is popular and these coins will not long live without their exchange popularity. as you know binance is the top crypto currencies exchange in the world still now, so there coin bnb is most popular exchange based coin right now. same other some good coins as like kcs,ht, and cake.
Exchange token is good to buy, while hold for a long time and among all exchange token been mentioned, I prefer investing on Kucoin and is good to buy and they are more reliable to invest in cryptocurrency market, while expecting big whale to come in the near future.
I have been holding BNB for quite a long and the returns that it has generated have been good. Apart from getting normal market returns I have been staking them and getting a decent APR. It also helps me to trade on Binance at reduced fees which is a good option for daily traders. As I am not a daily trader I only use that facility whenever I am making any purchase or selling. I do get a small amount of airdrop of new coins when they get listed on Binance. There are a lot of benefits that exchange tokens give.
Exchange token is good to buy, while hold for a long time and among all exchange token been mentioned, I prefer investing on Kucoin and is good to buy and they are more reliable to invest in cryptocurrency market, while expecting big whale to come in the near future.
In my opinion, most exchange based tokens have done exceptionally well, especially those whose exchanges are still waxing strong with good reputation. I have not heard much investors of exchange based token complain or regret investing in such tokens and that is a good sign for me. Even though I have not invested in them before, they are good option because they are supported by real product which guarantees that they do not become worthless. If I want to consider investing in exchange base token, KCS will likely be my top choice for several reasons which include but not limited to Kucoin being a reliable and innovative exchange with large customer base.
Exchange token is good to buy, while hold for a long time and among all exchange token been mentioned, I prefer investing on Kucoin and is good to buy and they are more reliable to invest in cryptocurrency market, while expecting big whale to come in the near future.
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