New exchange tokens worth investing on??? - page 7.

bittraffic

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Quote from: TopTort777 on May 18, 2020, 08:22:05 AM

Quote from: reality18 on May 18, 2020, 02:00:14 AM

Remember that all exchanges were once new before reaching the height they are now. It takes a professional and experienced team to develop projects especially exchanges to its peak. Hence to know that a new exchange token is worth holding, the investor cannot do without researching into the team behind it. Also look out for the type of services they will provide that will make that exchange unique from the rest.

You say that “new exchange token is worth holding”, but how can you be sure that this exchange will be successful? There are too many exchanges on the market at the moment and new appear every week. They dont bring anything new, so why would be successful and it is worth to pay attention to them, when you can always use “good old exchange”?

KoinPro for instance. Its an exchange token but this exchange hasn't proved anything yet we don't know yet if their exchange will really be that successful knowing there are already exchanges better than them. We don't know yet if there will be volume to this exchange after, they might even be a scam. But the exchange that had been live already with a good amount of traffic from them will definitely have a good exchange token.

There are some of them that only have less than 200K volume but they are still in the business for years, that's a good sign because over time they'd earn more traders and their coins will rise.

carlisle1

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Quote from: Dart18 on May 18, 2020, 09:42:40 AM

First pick will be BNB.
But you might not maximize the profit since its kinda late.

I think it is still reasonable to invest in BNB but only if he can afford to wait longer because binance coins are good for long term investing and not for short term .

Quote from: TopTort777 on May 18, 2020, 08:22:05 AM

Quote from: reality18 on May 18, 2020, 02:00:14 AM

Remember that all exchanges were once new before reaching the height they are now. It takes a professional and experienced team to develop projects especially exchanges to its peak. Hence to know that a new exchange token is worth holding, the investor cannot do without researching into the team behind it. Also look out for the type of services they will provide that will make that exchange unique from the rest.

You say that “new exchange token is worth holding”, but how can you be sure that this exchange will be successful? There are too many exchanges on the market at the moment and new appear every week. They dont bring anything new, so why would be successful and it is worth to pay attention to them, when you can always use “good old exchange”?

Yeah New exchange is a risk compared to those who’s in active now,and seems op is just looking for quick profit and not ready for long term investments .

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Quote from: Dart18 on May 18, 2020, 09:42:40 AM

First pick will be BNB.
But you might not maximize the profit since its kinda late.

2nd pick will be OKB.
It's because of the reputation. Chances of profit is still intact unlike with BNB.

I might be more interested in BNB. because with the support of large exchanges, I think the adoption of BNB could have increased with several updates that made demand increase. the system is the same as the coin exchange, but the big name and big trade will be the strength of the coin exchange.

Dart18

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First pick will be BNB.
But you might not maximize the profit since its kinda late.

2nd pick will be OKB.
It's because of the reputation. Chances of profit is still intact unlike with BNB.

mdzahed134

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Quote from: Mighty_crypt on May 14, 2020, 09:46:05 AM

New exchanges are risky, don't not risk it, I'm still tracking ez365 exchange token to see how zealous they are but nothing is guaranteed with new exchanges, go for Okex token, still cheap and profitable

Ez365 is poor development exchange, they still working to launch but it’s will delay because of durning this pandemic period they can't work. I don’t count it, because still this project not traded. Wazrix is the promising exchange as far as fresher, most important thing Binance acquired this project, so it’s future bright. Okex token almost guaranteed for a long term.

TopTort777

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Quote from: reality18 on May 18, 2020, 02:00:14 AM

Remember that all exchanges were once new before reaching the height they are now. It takes a professional and experienced team to develop projects especially exchanges to its peak. Hence to know that a new exchange token is worth holding, the investor cannot do without researching into the team behind it. Also look out for the type of services they will provide that will make that exchange unique from the rest.

You say that “new exchange token is worth holding”, but how can you be sure that this exchange will be successful? There are too many exchanges on the market at the moment and new appear every week. They dont bring anything new, so why would be successful and it is worth to pay attention to them, when you can always use “good old exchange”?

quality.crypto

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Quote from: kaneki007 on May 18, 2020, 06:21:59 AM

I think it depends on the exchange because there are some exchanges that have large volumes but the tokens have very small trading volumes, maybe because of new projects or unable to compete with other projects. So it's better to buy a token that is certain just like the list you mentioned.

We should also understand the market situation of the company because there are no active developments in a timely manner, some are taking more time than what we expected from them, this makes many companies losing their trading volumes. That's why it is always good to check volume-based coin for investing.

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Quote from: LazerPanther on May 18, 2020, 08:00:46 AM

All tokens of major exchanges in this market are worth investing. Binance, Okex, huobi, Kucoin ... never miss the opportunity when the prices of these tokens go down. Fill your bag when possible

I agree with you. However, be careful because not all coins in this market can rise together because cryptocurrencies are often difficult to predict. I only prefer to buy the coins listed at Huobi because there are coins here that are very cheap and often pumped very high when good news comes out. Besides, Huobi exchange has many ways for you to make money during this period.

LazerPanther

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All tokens of major exchanges in this market are worth investing. Binance, Okex, huobi, Kucoin ... never miss the opportunity when the prices of these tokens go down. Fill your bag when possible

Vishnu.Reang

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I am a bit reluctant here. Exchanges represent perhaps the most unstable component in the cryptocurrency ecosystem. During the last 2-3 years, we have seen huge number of exchanges closing down, with some of them being exit scams. In several cases, well reputed exchanges such as Mt Gox and Cryptopia closed down all of a sudden, resulting in huge losses to the clients. Now how can we trust these new exchanges, at this point?

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Quote from: Japinat on May 18, 2020, 06:55:36 AM

Quote from: ElmedoRator on May 18, 2020, 06:02:57 AM

I also used to think that they would become a major exchange in this market because they ended the ICO with $ 30 million. But eventually this project became a scam and caused many investors to lose money, away from exchanges in this market because it was too dangerous.

You'll never know if the project will succeed or not by just looking at how much they raise, if in the past, a lot of projects failed though they raise a big amount of money during the crowdsale, so much more if a project raise that amount during the times the market is not bullish.

$30 million is big enough to develop the project, but if the team is not active and they will just scam, that figure will only be useless.

But for $ 30 million, it will help the project grow if they are legit. They could easily become one of the top exchanges with such large sums of money. But they decided to scam and exit this market, shameful

Japinat

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Quote from: ElmedoRator on May 18, 2020, 06:02:57 AM

I also used to think that they would become a major exchange in this market because they ended the ICO with $ 30 million. But eventually this project became a scam and caused many investors to lose money, away from exchanges in this market because it was too dangerous.

You'll never know if the project will succeed or not by just looking at how much they raise, if in the past, a lot of projects failed though they raise a big amount of money during the crowdsale, so much more if a project raise that amount during the times the market is not bullish.

$30 million is big enough to develop the project, but if the team is not active and they will just scam, that figure will only be useless.

kaneki007

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I think it depends on the exchange because there are some exchanges that have large volumes but the tokens have very small trading volumes, maybe because of new projects or unable to compete with other projects. So it's better to buy a token that is certain just like the list you mentioned.

ElmedoRator

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Quote from: kapalmabur on May 16, 2020, 10:32:27 AM

Quote from: tiang_tower on May 16, 2020, 09:41:07 AM

Quote from: AbNewton on May 16, 2020, 09:13:54 AM

Every day in the cryptocurrency, new trend, new craze pop up but I think the exchange token was the big thing of the last-gen. The exchange competitive scene kinda oversaturated that I doubt any more new exchange token could make a break even out of BNB, OKEX and Huobi token.

Yes, I also doubt that the new exchange tokens can make an impact point with BNB, OKEX and Huobi tokens, because the three exchange tokens are already very popular in the cryptocurrency space, so that the three of them are preferred by many people, rather than tokens from the new exchange.

makes me think of the BCNEX Exchange, I'm a fan of BCNEX but that was past, now they are SCAM, maybe a lesson for us is that new exchange is very dangerous, don't always believe

I also used to think that they would become a major exchange in this market because they ended the ICO with $ 30 million. But eventually this project became a scam and caused many investors to lose money, away from exchanges in this market because it was too dangerous.

tabas

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Quote from: reality18 on May 18, 2020, 02:00:14 AM

Remember that all exchanges were once new before reaching the height they are now. It takes a professional and experienced team to develop projects especially exchanges to its peak. Hence to know that a new exchange token is worth holding, the investor cannot do without researching into the team behind it. Also look out for the type of services they will provide that will make that exchange unique from the rest.

That's a different thing and question because if the first ones became successful, it's also possible to the new ones. The first ones were lucky but it doesn't mean that most of them will have the same fate. The hard work and being one of the first made them to the top and that idea was just kicking around until the investors have finally noticed that there's something that could benefit them. But as you said, research is a must and I say, not all of them are the same.

reality18

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Remember that all exchanges were once new before reaching the height they are now. It takes a professional and experienced team to develop projects especially exchanges to its peak. Hence to know that a new exchange token is worth holding, the investor cannot do without researching into the team behind it. Also look out for the type of services they will provide that will make that exchange unique from the rest.

lobo13hf

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Quote from: kapalmabur on May 16, 2020, 10:32:27 AM

Quote from: tiang_tower on May 16, 2020, 09:41:07 AM

Quote from: AbNewton on May 16, 2020, 09:13:54 AM

Every day in the cryptocurrency, new trend, new craze pop up but I think the exchange token was the big thing of the last-gen. The exchange competitive scene kinda oversaturated that I doubt any more new exchange token could make a break even out of BNB, OKEX and Huobi token.

Yes, I also doubt that the new exchange tokens can make an impact point with BNB, OKEX and Huobi tokens, because the three exchange tokens are already very popular in the cryptocurrency space, so that the three of them are preferred by many people, rather than tokens from the new exchange.

makes me think of the BCNEX Exchange, I'm a fan of BCNEX but that was past, now they are SCAM, maybe a lesson for us is that new exchange is very dangerous, don't always believe

Bcnex has been running by unverified developer and that's why it has a huge chance to be a scam exchange site. As far as i know if a new exchange site launched by a trusted party and it will be so rarely to be a scam exchange site. The problem is on the team who has been running it.

tanjiran

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Quote from: kapalmabur on May 16, 2020, 10:32:27 AM

--
makes me think of the BCNEX Exchange, I'm a fan of BCNEX but that was past, now they are SCAM, maybe a lesson for us is that new exchange is very dangerous, don't always believe

Though this project looks promising. My friends can't withdraw funds from there. The dev team just disappeared without clarity. They ran away leaving a false promise.

This is quite a lesson for all of us, that new projects have a greater risk. But that does not mean that all similar projects are not legit, but there are a lot of con artists doing this scheme. Better, if you want to invest in an exchange token, choose one that already exists and comes from the top exchange. It is never too late for investment, as long as we are patient, we will definitely get benefits after analyzing.

BitcoinTurk

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Although exchange tokens have high earning potential and are very popular today, I think they should be preferred only for short term investments. No service can be a lifelong market leader, as there is no guarantee that any service can continue for life. It is for this reason that the values of these tokens you mentioned are actually temporary and will not have much material value in the long term process. To comment on the short term, I think they have earning potentials in this process. In addition, before choosing the tokens of new services, detailed research should be done about that service and an investment decision should be made depending on the results of the research. Even the best exchange tokens in bad market conditions experience uncontrolled depreciation, while estimating how much depreciation of new services' tokens will suffer.

bigcash2011

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You have named only 3 exchange tokens that jave achieved somewhat success but you cannot simply ignore dozens of other ecchanges and their tokens that are struggling to even survive in this market and have very low volumes so in my opinion exchnage tokens are very risky investment and not much are worth investing.

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