Topic: New exchange tokens worth investing on??? - page 9. (Read 1917 times)
So you got 0.1% of making profits if you aware that 99% of new exchanges are not going to be worth it.So let the final decision on yourself but one who have common sense will avoid this much risky move.
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.
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.
There is a new wave I am noticing that might disrupt the idea of exchanging token mooning. For a coin to moon it has to have use and need to be used. Binance skyrocketed because of introduction of ieo which you use only BNB to buy then. This has stopped and bnb went back to 15/16$. I see it staying there for long. Why? You may ask USDT or other stable coin is the disruption. As people seek use for cryptocurrency they go for stable coin to use. So, I doubt if any exchange coin will pump like BNB did.
As I see you don't know much about KuCoin, it's exchange coin and if you stake it on their exchange,
just hold there, you will get some stakes and you can have lower fees.
I think it's what we have at the moment from people inside crypto-community, can you imagine when
entire world start using it!? All exchanges will be used, and their tokens will worth more than now. I agree
that not all of them will be successful, but some of them will rise a lot! It's on us to choose the right ones!
I remember, last year BCNEX was a new platform that was predicted to be big in the future and many people started buying tokens from the platform, even one of my friends bought a bcnx token for around $ 1,000 but apparently until now the platform looked scam. so if the possibility of a 99% scam why do you still want to invest in a new platform? better investment in a well-known platform token
The risk is high investing in new platform, especially if they go scam, you will lose all your money.
Investing in a new platform is okay if you understand the risk, since you'll never put all your investment in one basket, just like what you friend did, he invested heavily in BCNEX and in the end it failed, sometimes we need to control our urge and be smart by spreading our investment on high risk assets.
I remember, last year BCNEX was a new platform that was predicted to be big in the future and many people started buying tokens from the platform, even one of my friends bought a bcnx token for around $ 1,000 but apparently until now the platform looked scam. so if the possibility of a 99% scam why do you still want to invest in a new platform? better investment in a well-known platform token
The risk is high investing in new platform, especially if they go scam, you will lose all your money.
Investing in a new platform is okay if you understand the risk, since you'll never put all your investment in one basket, just like what you friend did, he invested heavily in BCNEX and in the end it failed, sometimes we need to control our urge and be smart by spreading our investment on high risk assets.
There is a new wave I am noticing that might disrupt the idea of exchanging token mooning. For a coin to moon it has to have use and need to be used. Binance skyrocketed because of introduction of ieo which you use only BNB to buy then. This has stopped and bnb went back to 15/16$. I see it staying there for long. Why? You may ask USDT or other stable coin is the disruption. As people seek use for cryptocurrency they go for stable coin to use. So, I doubt if any exchange coin will pump like BNB did.
I do not agree if new exchange tokens are considered more valuable compared to old exchanges tokens such as BNB, OKB and Huobi tokens.
Because investing in new exchange tokens such as gambling, we do not know whether the tokens can provide profit or not. In contrast to
investments in old exchanges tokens are guaranteed to be profitable, my advice is better investments that are clearly valued. Instead of risking
the capital we have for something that is not yet definitely valuable.
Because investing in new exchange tokens such as gambling, we do not know whether the tokens can provide profit or not. In contrast to
investments in old exchanges tokens are guaranteed to be profitable, my advice is better investments that are clearly valued. Instead of risking
the capital we have for something that is not yet definitely valuable.
Your topic sounds confusing, please work on that, my advice is never put all your eggs in one basket, if you come across any good new exchange that you want to try out just invest very little money you can afford to lose, honestly I prefer Okex or kucoin or huobi token, they aren't that costly yet
I remember, last year BCNEX was a new platform that was predicted to be big in the future and many people started buying tokens from the platform, even one of my friends bought a bcnx token for around $ 1,000 but apparently until now the platform looked scam. so if the possibility of a 99% scam why do you still want to invest in a new platform? better investment in a well-known platform token
The risk is high investing in new platform, especially if they go scam, you will lose all your money.
Investing in a new platform is okay if you understand the risk, since you'll never put all your investment in one basket, just like what you friend did, he invested heavily in BCNEX and in the end it failed, sometimes we need to control our urge and be smart by spreading our investment on high risk assets.
I remember, last year BCNEX was a new platform that was predicted to be big in the future and many people started buying tokens from the platform, even one of my friends bought a bcnx token for around $ 1,000 but apparently until now the platform looked scam. so if the possibility of a 99% scam why do you still want to invest in a new platform? better investment in a well-known platform token
yeah righteven if you are risking your funds investing it in some new exchange - try to minimize the losses.
In this particular example your friend should've invested (for instance) $100 in 10 different exchanges and if he was very confident about bcnex he should've invested like $150, not $1k
but anyway, we make mistakes - we gather experience
I remember, last year BCNEX was a new platform that was predicted to be big in the future and many people started buying tokens from the platform, even one of my friends bought a bcnx token for around $ 1,000 but apparently until now the platform looked scam. so if the possibility of a 99% scam why do you still want to invest in a new platform? better investment in a well-known platform token
you sounded like you are buying the exchange . dunno why i said that but maybe its because of the title your thread . of course i know what you mean , you mean to say reliable or legit exchanges where you can trade but you already list some good names .
not just exchange but you must have enough knowldge on how trading works and what coins are good too because trading on those exchanges listed by you still makes no sense if your doing it wrong
not just exchange but you must have enough knowldge on how trading works and what coins are good too because trading on those exchanges listed by you still makes no sense if your doing it wrong
What about KCS (Kucoin shares) ? That's an interesting exchange token that's still very affordable at this very moment, it's ATH was around 14$ or more and now it's not up to 1$, Kucoin is a very good exchange and one of the best, buying their token is worth it
you can not predict exactly which altcoin will rise in value in the future, you have to follow and study the market in recent months and make predictions I would still bet on bnb, but you must not focus only on the exchange tokens there are many other possibilities
I think learning about cryptocurrency price movements is indeed very easy but to predict the price movements that will occur in the future will be very difficult because so far as I know even though you are already an expert in learning cryptocurrency charts but cryptocurrency price movements are still difficult to predict. If you've considered 99% of new exchanges to be bad, why did you decide to invest when there was only 1% chance of winning ?. Why don't you invest in Binance, Okex your chances will be higher?
Yeah you are right. I guess what he/she was trying to say is that he/she prefers to invest in a project that runs an IEO in those exchanges he mentioned above, while other exchanges could not give those any kind of success which is true.
you can not predict exactly which altcoin will rise in value in the future, you have to follow and study the market in recent months and make predictions I would still bet on bnb, but you must not focus only on the exchange tokens there are many other possibilities
Yes, They are successful BNB got binance chain with smartcontract now and OKB has OKchain on testnet already I don't have info about this Huobi token, But those two I am pretty sure there is a good future ahead especially binance they already have a DEX too, I have also invested on exchange token before on kucoin exchange (KCS) this token has fewer update unlike those two above but kucoin exchange technology is pretty much the same with binance they launch kucloud first and after that, they launch their binance cloud also, the only thing binance is at advantage is its liquidity and much more volume.
Stay away from new exchange tokens and you will be fine,
Although OP wants to invest in new exchange tokens, it'll be appreciated if someone could share us a method to detect a good exchange project. new exchange tokens like Vindax, coinsbit etc, they are low rated and dangerous, you can use coingecko exchange rating to find well rated exchanges, top rated exchanges are better
I don't think Using coingecko or cmc would be a great method to check for good project as volumes are price statistics are always manipulated. I believe there is room for other exchange to succeed, it can not be only Binance, Okex, Houbi, Kucoin to have a good platform coin, I think we should start looking for new opportunities as well, recently I came across some upcoming exchange I am doing a bit of research on and hopefully they are worth the attention,
for now I can't share any information about them because I myself am not sure if they are worth it, I don't want to be the reason for having a bad investment,
I just believe there can still be new exchange that will perform as good as the top existing exchange at present.
for now I can't share any information about them because I myself am not sure if they are worth it, I don't want to be the reason for having a bad investment,
I just believe there can still be new exchange that will perform as good as the top existing exchange at present.
I also believe so, years back when Binance was newly introduced someone told me to take part and buy the token, as a new comer in crypto I didn't pay much attention, I thought it will not worth much, but today I see Binance is everyone's favourite, people speak highly of it now, but back then many people condemn it because it was new, everyone prefer Bittrex lol!
So I share your view in given an upcoming exchange a chance, you never know how it will turn out, I know we have many untrusted project this days but there are still some few genuine ones,
If I can see a genuine upcoming exchange I will try also and invest a little and see the out come.
Those who invested in bnb, okb, kcs, ht, at early period are glad they did, I know not all exchange coin/token are successful but some of them are, and if you don't try you will not know.
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