Is exchange based tokens worth for hold? - page 5.

btc78

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Quote from: JeffBrad12 on November 24, 2023, 07:40:19 PM

Quote from: mdzahed134 on November 24, 2023, 11:29:38 AM

Quote from: Cvetik56 on November 24, 2023, 09:06:59 AM

I don't think that they are worth holding. They are totally related to an exchange, and if something happens to it - the token will die too. This might happen even in calm times or during the bull run, you never know what's happening behind the doors.

All of exchanges coins aren’t bad, as like BNB is the backed of the number one crypto exchange Binance. So, it’s fundamentally strong coin, early investors got big profits if considering others exchanges coins. Still i think it can be worth investment, although recently a bad news coming so it’s started dumping but i think it’s a promising coin for the future.

in my opinion its only worth holding when its still earlier introduced and not reaching such high value, but if its already too high then I guess it will be hard to increase ever again because the utility coming from the platform itself which usually aren't really that significant to the holder anyway and isn't really giving any relevant benefits.
BNB for example, decreasing after CZ resignation goes to say that the value revolve around the decision made by binance and honestly I don't consider holding exchange token to be good nowadays when exchange are having bad news around basically the investment leaning towards falling instead of increasing.
holding ethereum in the other hand, proven to be better even more so with bitcoin.

i think if the exchange has good background and has been well-established you can invest and hold
go check their track record and check if they have pending regulatory cases because this will definitely affect the price of the coin

exchanges release tokens to fund its own organization for the benefit of its clients so in a way it goes back to you
a lot of exchanges also offer various benefits like discounts or reduced transaction fees if you buy their coin
well at the end of the day holding exchange-based coins depends on your purpose and goal

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Quote from: mdzahed134 on November 24, 2023, 11:29:38 AM

Quote from: Cvetik56 on November 24, 2023, 09:06:59 AM

I don't think that they are worth holding. They are totally related to an exchange, and if something happens to it - the token will die too. This might happen even in calm times or during the bull run, you never know what's happening behind the doors.

All of exchanges coins aren’t bad, as like BNB is the backed of the number one crypto exchange Binance. So, it’s fundamentally strong coin, early investors got big profits if considering others exchanges coins. Still i think it can be worth investment, although recently a bad news coming so it’s started dumping but i think it’s a promising coin for the future.

in my opinion its only worth holding when its still earlier introduced and not reaching such high value, but if its already too high then I guess it will be hard to increase ever again because the utility coming from the platform itself which usually aren't really that significant to the holder anyway and isn't really giving any relevant benefits.
BNB for example, decreasing after CZ resignation goes to say that the value revolve around the decision made by binance and honestly I don't consider holding exchange token to be good nowadays when exchange are having bad news around basically the investment leaning towards falling instead of increasing.
holding ethereum in the other hand, proven to be better even more so with bitcoin.

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Quote from: Bushdark on November 24, 2023, 12:57:54 PM

There are exchange tokens that are good for investing our funds because the exchange team would always look for ways to make sure they keep there token safe in both consistency and liquidity which will keep the price of to keep going higher.
We should not onl6invest our money on exchange tokens only but other tokens also so that we can make profits too from other peojects which might give us higher liquidity that will keep making the price of the project on a higher price than exchange tokens.

Exchange tokens can be a safer investment, because the exchange team has strong reasons to keep the token price high. This is because the token is usually used to pay for trading fees on the exchange. This means the exchange generates more revenue from fees with a higher price of token. the exchange team may use some of its profits to buy back and burn tokens, which can also help to reduce the supply of tokens and drive up the price.

I think exchange tokens are the best option among many tokens in cryptocurrencies market, because it feels like the money from central bank. That's why the price of exchange tokens is not so fluctuating. However, there is no guarantee that an exchange token will continue to increase in value. The exchange team could decide to change its policies or practices in a way that could threaten the value of the token.

batang_bitcoin

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Quote from: Cvetik56 on November 24, 2023, 09:06:59 AM

I don't think that they are worth holding. They are totally related to an exchange, and if something happens to it - the token will die too.

In that case, choose the best exchange tokens instead so that you'll have no problems with them. And the known exchanges with those tokens, they're going to maintain it not just for themselves but also for their investors.

Quote from: Cvetik56 on November 24, 2023, 09:06:59 AM

This might happen even in calm times or during the bull run, you never know what's happening behind the doors.

That's likely to happen during the bear market and not during the bull run. We are seeing a lot of categories of altcoins that are going to pump by this time and then after the bull, that's when many of them dies.

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Quote from: Adreman23 on November 24, 2023, 02:14:22 AM

In my opinion, it's prudent to approach investing in exchange-based tokens cautiously, especially if it's done after an exchange has already established itself. This is because unforeseen events, such as hacks or closures, can pose risks. If considering a late-stage investment, it's advisable to focus on acquiring tokens for their utility, such as enjoying discounts on trading fees or participating in token sales, rather than solely for speculative purposes.

There are exchange tokens that are good for investing our funds because the exchange team would always look for ways to make sure they keep there token safe in both consistency and liquidity which will keep the price of to keep going higher.
We should not onl6invest our money on exchange tokens only but other tokens also so that we can make profits too from other peojects which might give us higher liquidity that will keep making the price of the project on a higher price than exchange tokens.

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Quote from: Cvetik56 on November 24, 2023, 09:06:59 AM

I don't think that they are worth holding. They are totally related to an exchange, and if something happens to it - the token will die too. This might happen even in calm times or during the bull run, you never know what's happening behind the doors.

All of exchanges coins aren’t bad, as like BNB is the backed of the number one crypto exchange Binance. So, it’s fundamentally strong coin, early investors got big profits if considering others exchanges coins. Still i think it can be worth investment, although recently a bad news coming so it’s started dumping but i think it’s a promising coin for the future.

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Exchange tokens are not that reliable and its hard to know the one that will survive, with the SEC hunting down any exchange they feel like I think they are more risky, it's better to go for decentralized exchange tokens like GMX, I think with what happened to Binance it's time that DEX will be more attractive to users than Centralized exchanges, anything can happen to any exchange at any time, even the biggest ones, Huobi could be the next target too who knows? Invest only what you can afford to lose.

Cvetik56

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I don't think that they are worth holding. They are totally related to an exchange, and if something happens to it - the token will die too. This might happen even in calm times or during the bull run, you never know what's happening behind the doors.

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worth keeping if it has value for the future but we need to be up to date on the coins themselves especially if we have a lot of them,
and usually people who have exchange coins are just looking for shipping / exchange discounts, they don't need large quantities.
so it is worth exchanging coins or not. From my point of view, it is not mandatory to have it if it does not have additional use value

Adreman23

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In my opinion, it's prudent to approach investing in exchange-based tokens cautiously, especially if it's done after an exchange has already established itself. This is because unforeseen events, such as hacks or closures, can pose risks. If considering a late-stage investment, it's advisable to focus on acquiring tokens for their utility, such as enjoying discounts on trading fees or participating in token sales, rather than solely for speculative purposes.

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Quote from: barhavsky on November 23, 2023, 09:18:55 AM

in my opinion, not all coin exchange are very good for investment and I personally only interested in BNB, because BNB is the biggest exchange at the moment and that is what makes me interested to investing in BNB, apart from exchange, BNB also has a very popular blockchain and many projects which uses blockchain from BNB, so I'm sure BNB will be very good as a long-term investment and the price of BNB will definitely make a new ATH price during the next bullrun, therefore don't miss the current opportunity to DCA BNB at a low price before the price of BNB increase very high.

Yeah, that's the trouble, people saw what happened at Binance and the price of BNB fell, but the reality is that BNB is still as strong as yesterday, so there is really no need to sell it, all these are just panic sellers who are making a mistake and the price of BNB will be 300+ soon. I think the result of these type of things do matter, but we need to be careful about it.

Just because we are seeing the situation a little different doesn't mean that we are going to end up with anything bad, we could still keep it going as much as we possibly could. I believe that the best thing to do in this case would be making sure that we are doing a profitable business, and for that to work, we need to just keep calm and not react too much.

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Quote from: Tahid12 on August 25, 2023, 04:58:54 PM

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!

One thing you should know for sure is that, aquearing an exchange token does no guarantee you success or makes you feel that you have invested wisely. In as much as those coin are exchange token they are still altcoin, and can still have the same fate as other altcoin. Just like FTX which had FTT token checking from. The history I think you can see it's fate. And i also think that luna has exchange but still the coin tera Luna coin fails so I believe anything can happen to any of them not even the popular one of today is exempted because they might also have same fate aa others. But my best advice is to put more money on bitcoin and spear money to any exchange coin.

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In exchange-based altcoin investments I only choose BNB because BNB is supported by the largest exchange currently, namely Binance. I really like Binance because Binance is the exchange that has the strictest regulations and conditions for determining which altcoins are worth listing. I see that Binance is very good at maintaining their good name or reputation, so I think that BNB is the exchange-based altcoin with the brightest future at the moment.

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Quote from: Dimitri94 on November 23, 2023, 02:11:22 PM

Exchange based tokens don't fluctuate as much as other tokens do. I have been following the Ku coin exchange token for a long time and what I see is that when the market is bullish or when BTC goes up, the price of those coins goes up and when BTC goes down it goes down. In 2021 the token price of Ku Coin exchange platform was $17 per coin currently trading between $6. So these coins seem to depend a lot on the price of Bitcoin. If one wants to hold the coins of this exchange platform then one must hold for long term otherwise the chances of loss will be high.

Do you refer to KCS (token of Kucoin exchange)?
I think KCS fluctuates the same as other tokens. Its ATH is around $28 and the current price is $7,8. The difference between its ATH and current price is quite a lot, also the price never stable in a certain rate everyday. It means the token fluctuating normally as other tokens. If it doesn't increase significantly, it is because the current trend of Bitcoin. We must know that Bitcoin still increases gradually, it may increase significantly after the halving. If you expected the price will be above $17 again, just wait until the halving is over.

Anyway, people usually wait for the altcoin season to trade their altcoins. If you want to sell your KCS, just wait the altcoin season that probably happens in 2024-2025.

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Quote from: Tahid12 on August 25, 2023, 04:58:54 PM

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 help you figure out the proper exchange based coin to buy and hold for long term, exchange coins are good for investment if you are watchful and long in the crypto industry games, most of these exchange based coin do not exhibit their own smart contracts and are not Blockchain based assets. Many projects are built under Binance Smart Chain where BNB is used as a transaction fee bringing in more liquidity and use cases of different kinds, any exchange based coin that do not exhibit both quality and feature of native token and also Blockchain based assets should be out of your list, for they may not do better during the long run except the team keeps building more.

Huobi(HT) and okex(OKX) native coins has the same features of BNB of which they are pretty much good to buy and hold, I'm looking if Bybit and Bitget exchange based coin can build themselves more to BNB level.

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Quote from: Tahid12 on August 25, 2023, 04:58:54 PM

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!

Exchange based tokens don't fluctuate as much as other tokens do. I have been following the Ku coin exchange token for a long time and what I see is that when the market is bullish or when BTC goes up, the price of those coins goes up and when BTC goes down it goes down. In 2021 the token price of Ku Coin exchange platform was $17 per coin currently trading between $6. So these coins seem to depend a lot on the price of Bitcoin. If one wants to hold the coins of this exchange platform then one must hold for long term otherwise the chances of loss will be high.

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Quote from: DaNNy001 on November 17, 2023, 01:52:29 PM

Quote from: Tahid12 on August 25, 2023, 04:58:54 PM

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!

Hmm, that's very funny because I was thinking myself in acquiring some coins in respect to some exchange especially binance but with your experience now I think I will make exceptions to even buy because they are not all that promising. Basically the only altcoins I possess that is even promising would be Solana coin because since the time I acquire it earlier this year the value has kinda double making my investment have some profits but I didn't buy much due to the fear of dumbing but I believe as the bull season draw close Solana will reach some valuable number.

Indeed, the soluna is indisputable. Moreover, the launch of the Pyth coin on the Solana network really adds to their performance in the crypto world to always be noticed. Solana continues to develop and will definitely be one of the choices of many people after BNB. Yes. Soluna continues to develop and will definitely be one of the choices of many people after BNB. just my assumption at this time my friend. Grin

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Quote from: Tahid12 on August 25, 2023, 04:58:54 PM

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!

in my opinion, not all coin exchange are very good for investment and I personally only interested in BNB, because BNB is the biggest exchange at the moment and that is what makes me interested to investing in BNB, apart from exchange, BNB also has a very popular blockchain and many projects which uses blockchain from BNB, so I'm sure BNB will be very good as a long-term investment and the price of BNB will definitely make a new ATH price during the next bullrun, therefore don't miss the current opportunity to DCA BNB at a low price before the price of BNB increase very high.

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Quote from: _act_ on August 25, 2023, 05:04:10 PM

Even the BNB, what if Binance got hacked or something happened and it fold up? BNB will crash and become useless. I used it as the example because it is the one you recognized most and the first among them if marketcap is used. Any exchange can get hacked and this may cause their token to become useless. Go for decentralized coin like bitcoin.

Centralized and decentralized systems can be hacked by hackers. That's the truth, and we know that too, right? Now, how many times has the Binance exchange been hacked, even if we say it is a centralized platform?

It's almost impossible to count the number of hacking issues that have happened because Binance immediately took care of them, and besides that, an exchange platform like Binance still maintains its users who continue to use it because Binance can still take care of the fund. that anyone affected by hacking is still paid for the lost funds if they are ever one of the victims of hackers. But with other exchanges, they can't do what Binance does.

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Quote from: DaNNy001 on November 17, 2023, 01:52:29 PM

Hmm, that's very funny because I was thinking myself in acquiring some coins in respect to some exchange especially binance but with your experience now I think I will make exceptions to even buy because they are not all that promising. Basically the only altcoins I possess that is even promising would be Solana coin because since the time I acquire it earlier this year the value has kinda double making my investment have some profits but I didn't buy much due to the fear of dumbing but I believe as the bull season draw close Solana will reach some valuable number.

If you trade on a centralized exchange that has an exchange token, then you definitely need to buy it at least for the reason to pay a commission with this token. In addition, all exchanges have additional privileges for holders of the exchange token. So it is beneficial to be a holder of an exchange coin in this case.

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