Trading tokens or coins, which one is better or gives more profits? - page 3.

yudi09

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Quote from: jossiel on August 04, 2023, 03:27:43 PM

Either of them can be profitable and at losses.

This is an integral part of one another or is called law in trade, not the expected answer.
There will be no profit and no loss if you don't trade.

Quote from: jossiel on August 04, 2023, 03:27:43 PM

Depending on how active you are in the market and you're too knowledgeable and researchful, you'll eventually get to see what are those that are profitable and not.
When you're a day trader, you'll take every possible opportunity that you can see whether it's a coin or a token or even with Bitcoin which is no doubt profitable.

Other friends have also provided clear answers to OP starting from the differences between tokens and coins to explanations regarding the opportunities and risks that will be obtained from tokens and coins.
Coins have strong fundamentals compared to tokens which do not require programming such as special skills to create.
Therefore, trading and investing in coins is a priority for traders. Due to the large number of coins circulating in the market, research is needed to choose the best and the best coin to invest in is BTC.

Quidat

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Quote from: $weetne$$ on August 04, 2023, 06:12:32 AM

I was doing some research on types of cryptocurency and discovered that we have tokens and coins. For those that don't know the difference here's a simple explanation, coins has their own blockchain while tokens rely on others blockchain to operate just like we have many top cryptocurency relying on ethereum blockchain to operate.

My question now is which of this cryptocurrency is more profitable to trade or do you not put into consideration if the project you're about to invest into or trade is a coin or a token. Why I'm asking this question is because tokens has a variety of exchange options to trade them on like DEX and CEX but coins can only be traded when they're listed on centralized exchange and when trade are halted you can't buy or sell that coin that you're holding.

Doesnt matter on which one because on the time that you would really be making out such decision on doing trading then it wont really matter if tokens or coins you would be choosing because when it
comes to trading or price volatility then it would really be just that totally the same on which the price would really be that totally random and would be entirely be depending on the community demand or in between sellers and buyers. The only thing that i do like when investing in coins with having their own blockchain is that they are really that mostly having the potential that could be able to sit up on higher rankings on the market because of such demand and recognition. If you are a short trader then this wont really be that much of an issue because you could be able to play with price volatility
whether a coin or a token it doesnt matter much. This is the difference in between short term traders and to those who are going for long term approach.
It would really be totally that different to each other but sharing up on the same goal or target on which is to make out some profits.

Huppercase

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Quote from: $weetne$$ on August 04, 2023, 06:12:32 AM

I was doing some research on types of cryptocurency and discovered that we have tokens and coins. For those that don't know the difference here's a simple explanation, coins has their own blockchain while tokens rely on others blockchain to operate just like we have many top cryptocurency relying on ethereum blockchain to operate.

My question now is which of this cryptocurrency is more profitable to trade or do you not put into consideration if the project you're about to invest into or trade is a coin or a token. Why I'm asking this question is because tokens has a variety of exchange options to trade them on like DEX and CEX but coins can only be traded when they're listed on centralized exchange and when trade are halted you can't buy or sell that coin that you're holding.

Have you wondered why some people keep running after meme coins despite the consistency in faliures from those projects? Its because they have gain profits they have never made in those tokens than even the main coins people shill everyday. One thing excite the crypto market and is nothing other than trend that will give people profits for their moeny, time, extra efforts they put in shilling the tokens or coins and also engagement on social media, these is how coins and tokens get money off the market because of the over profits they get from the meme coins.

However, since traders are more of traders of buying and selling at a given opportunity, what they do best is to follow the same thing these coins the majority of the market go for and since they don't even require much technical set up of trading, more like easy place to get profits without doing any forcast, just moon and the hype with the lastest vibes to catch the attention of traders, its even this time you will see Youtube analyst start hyping this projects to get more liquidity for other traders to join them, its all about what the people want than what I need as a trader because remember that you should never fall for a project, you are after your money from the projects.

goaldigger

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Quote from: usekevin on August 05, 2023, 09:48:58 AM

The token is the term used before the presale and it will be become the coin after listed into the exchange.Most of the people don’t know the fact,buying at the token stage will give huge profit.But we need to check the background verification of the project to buy the initial stage or token position.Because some coin will end the market at the token stage itself.At the pre sale stage,the project will target some dollars as to raised.But unfortunately only some project will reach the target and long survived coin.

Your first statement is wrong, token means they using blockchain technology of the top coins, and coins are those projects who created their own blockchain technology like ETH. Token and coins are both potential project, though the hype of the coins are more high since you are being more innovative here and you are challenging the top coins, though a lot of instances already that tokens under ETH network performs well too, so again it will depend on the concept of the project itself.

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Quote from: $weetne$$ on August 05, 2023, 01:03:01 AM

...But coins can't trade on Ethereum decentralized exchange except only Ethereum which is a coin and parent coin of the blockchain. Both coins and tokens can find it hard to get listed on popular exchange therefore this isn't a point, some times tokens get more advantage to be listed on centralized exchange since they can be easier implemented on the exchange but coins can't. Also coins don't get much interest from traders or investors since how to store them isn't known yet but tokens on Binance or Ethereum blockchain can be stored on popular wallets so investors and traders pick interest in them more. I'm putting into consideration if both the token and coins has similar popularity.

You're writing nonsense. I've already written to you before, but you probably haven't read it: https://bitcointalksearch.org/topic/m.62648768 In addition, for each coin there is a wallet that supports not only it, but also all coins created on its blockchain. I repeat once again, all coins are traded on DEX, it's just that you don't know anything else besides Uniswap and Pancakeswap. Name at least one coin that is not traded on a decentralized exchange.

tjtonmoy

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It totally depends on what kind of token or coin you are choosing. Depending on its background and history, you can make a prediction whether to invest in it or not. It includes various factors that decide those tokens or coins' fate. If you really want to invest in either of them, you need to look for those. Past performance does not indicate future outcomes, but you can make a prediction on what might happen in the future.

Individual projects have their individual profits and losses. Hype, trends, and many more things dictate their fates. It's based on your skill to analyze and the project's capability will give you profit. So what you choose will be the key to your success.

usekevin

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The token is the term used before the presale and it will be become the coin after listed into the exchange.Most of the people don’t know the fact,buying at the token stage will give huge profit.But we need to check the background verification of the project to buy the initial stage or token position.Because some coin will end the market at the token stage itself.At the pre sale stage,the project will target some dollars as to raised.But unfortunately only some project will reach the target and long survived coin.

AicecreaME

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Tokens are the typical shitcoins, the moment they've been released in the market, expect that it will go down so you have to wait, sometimes it goes up again, sometimes it doesn't.

So I'll go with Bitcoin all the way, rather than risking it to a rich quick scenario token, I'd rather invest to something that I am sure of and confident. Bitcoin is so much more profitable in the long run especially if you have the money to buy more.

MusaMohamed

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Quote from: hugeblack on August 04, 2023, 10:16:19 AM

Since you are a newbie and do not have knowledge of the market and there is a great chance that the price will rise in the coming months, start investing in Bitcoin and Ethereum. The difference between the token and the coins is that the coins may have a demand if a lot of projects are included in the blockchain such as MATIC and Tron.

A coin has its own blockchain that can be used by projects with their tokens to operate on that blockchain. Tokens rely on the blockchain and its native coin for operations and transaction fee.

If more projects are developed on that blockchain, the coin will have bigger demand and price will likely increase so will its trading volume.

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The chance of profit in the token is higher, but the investment is high risk, so I do not advise the beginner to invest in tokens now.

Risk is higher with a token because launching a token is easier than launching a blockchain with its native coin. Some websites even provide services to create a token within few minutes.

$weetne$$

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Quote from: Zaguru12 on August 04, 2023, 06:22:47 AM

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Why I'm asking this question is because tokens has a variety of exchange options to trade them on like DEX and CEX but coins can only be traded when they're listed on centralized exchange and when trade are halted you can't buy or sell that coin that you're holding.

I disagree with this, I think most of the coins since they have their own parent chain are recognized or listed on many exchanges most especially the bigger ones than tokens. Even after lunching you still find some tokens finding it hard to been listed on popular exchanges

You didn't understand what I was saying, tokens can be traded on both centralized exchange and all decentralized exchange on the blockchain they're operating from. An example is tokens on Ethereum blockchain, all tokens that was created on Ethereum blockchain can be traded on Ethereum decentralized exchanges.

Also they get the opportunity to be traded on centralized exchange which increase the popular exchange they can be listed and traded on. But coins can't trade on Ethereum decentralized exchange except only Ethereum which is a coin and parent coin of the blockchain.

Both coins and tokens can find it hard to get listed on popular exchange therefore this isn't a point, some times tokens get more advantage to be listed on centralized exchange since they can be easier implemented on the exchange but coins can't.

Also coins don't get much interest from traders or investors since how to store them isn't known yet but tokens on Binance or Ethereum blockchain can be stored on popular wallets so investors and traders pick interest in them more. I'm putting into consideration if both the token and coins has similar popularity.

dansus021

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both of them can make you profit but usually coin with their own blockchain standout when the bull season comes, the token usually pump and dump because its easy to create, and there is a bunch of smart contracts in GitHub ready to deploy just make a few edit and you can deploy it on multiple chain that compatible with EVM. But not all the token is bad take example uniswap or AXS or USDT they dont have own chain

Dr.Bitcoin_Strange

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@OP, coin, or token There are none of them that are not profitable to traders; it depends on the kind of trader you are. First of all, you should know that it's only an investor that will most likely buy coins or tokens during an ICO, so if you buy a coin during an ICO when it's not listed, then that's your risk. As a trader, I think all you consider is a token or coins that have been listed on exchanges, how many exchanges they have been listed on, the transparency of the project, their trading volume on whatever exchange they are listed on, the all-time high and all-time low, and the level of volatility of that coin or token. If you check for all those qualities in a coin or token, then you are sure to get a profit on any one you are trading. Also, you should know that as a trader, you are not a long-holder like investors, you should be able to learn how to study the chart of a token or coin, predict the possible moves in the next one week, and if you think the price is likely to go high in the next one week, then you can buy low at that moment and wait for some days or a week before you sell. So, my point here is that, as a real trader, there's no crypto you cannot make profit with, be it a token or a coin.

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Quote from: $weetne$$ on August 04, 2023, 06:12:32 AM

...Why I'm asking this question is because tokens has a variety of exchange options to trade them on like DEX and CEX but coins can only be traded when they're listed on centralized exchange and when trade are halted you can't buy or sell that coin that you're holding.

You are asking the wrong question for the reason that you do not yet have experience trading on a decentralized exchange. Otherwise, you would know that coins and tokens are traded on decentralized exchanges. Do you not never seen a trading pair with ETH on DEX?

Hamza2424

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Hmm, Op, the topic is based on a very interesting motive, well as in the crypto market if you are judging this two-term by profit or return value both of them justify their standings because coins also provide good returns, and sometimes tokens even provide more returns, the main factor in the profit-making is the hype, market trend, and demand.

When we think of it from the long-term Investors' perspective the coins are worth more attention as compared to the tokens because coins always bring more attractive Business models and Ecosystem which constantly supports the valuation of the coin with the passage of time on the same time tokens are not safe investments for a long period of time because they are just solution to the day to day customers needs and these needs changes everyday. More completion in market which directly affect the valuation.

jossiel

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Either of them can be profitable and at losses.

Depending on how active you are in the market and you're too knowledgeable and researchful, you'll eventually get to see what are those that are profitable and not.

When you're a day trader, you'll take every possible opportunity that you can see whether it's a coin or a token or even with Bitcoin which is no doubt profitable.

ZAINmalik75

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Quote from: $weetne$$ on August 04, 2023, 06:12:32 AM

I was doing some research on types of cryptocurency and discovered that we have tokens and coins. For those that don't know the difference here's a simple explanation, coins has their own blockchain while tokens rely on others blockchain to operate just like we have many top cryptocurency relying on ethereum blockchain to operate. My question now is which of this cryptocurrency is more profitable to trade or do you not put into consideration if the project you're about to invest into or trade is a coin or a token.
Why I'm asking this question is because tokens has a variety of exchange options to trade them on like DEX and CEX but coins can only be traded when they're listed on centralized exchange and when trade are halted you can't buy or sell that coin that you're holding.

Hmm, you must came to know about the difference between Coin and Token just now and your intrinsic thoughts must have encouraged you to ask this question, i just made a comment where OP was sharing his bad experience with the member's reply in bashing behaviour. So, in simple words i wanted to ans you politely. I know it's not you who said that.

Well, my answer is no if you do know the difference between a token and coin thus you cannot increase your profit on that knolwedge because it's not an inside information which is leaked by the maker. Demand and supply is the main factor which drives prices of tokens and coins both. So, instead of the technology these cryptocurrency are relying we must be focused on factors that really drives them like the ones i already shared and other than that there comes news and social media fuds, good news and bad news.

These are only few, so don't rely on only these. I hope you must understand what i am trying to saying here. This knowledge has nothing to do with the price behaviour of a crypto asset. Technical and fundamental factors are more helpful then this.

FatFork

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Tokens are much easier to create because they do not require programming knowledge. There are step-by-step tutorials that you can follow to create your own token in literally 5 minutes without any advanced skills, and the process consumes almost no resources. On the other hand, coins with their own blockchain require a significant investment of time, expertise, and resources (unless it is a complete clone of an existing coin). Developing a new cryptocurrency from scratch involves creating a unique blockchain and wallet software, which requires coding skills and a deep understanding of blockchain technology. For this very reason, you will find many more different tokens on the market than coins.

However, this doesn't hold much weight when it comes to the profitability of trading or investing. You can equally find examples that support either side of the argument.

In my personal opinion, coins with their own blockchain may have better prospects for the future because they usually have a team of developers supporting them. On the other hand, there are numerous examples of strong price jumps for some tokens, especially when we consider that there were projects that started with a token and later migrated to their own blockchain.

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I don't think the types of cryptocurrency either its Coin or Token act as an indicator for choosing a profitable one. For example, BTC is coin and in the long run BTC is profitable because of its halving nature. And in the long run Same type of Coin ETH which is Not the same as of BTC but the same in the context of Coin has no halving thing so many can not say for sure that the price of ETH will increase in the long run. This means the profits are not sure. *note that in crypto either you select token or coin, profits are never for sure.

I think you should not see this difference as an indicator to get more profits. Because it's not a thing. You must focus on TA and FA before making profit out of a crypto. All the things depends on the price level where you took entry if you took entry at lower level than by selling high you could make profit. That simple it is. But you have to find out how could you do that. But, you can not do that with the knowledge of difference of Coin and token.

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Quote from: $weetne$$ on August 04, 2023, 06:12:32 AM

My question now is which of this cryptocurrency is more profitable to trade or do you not put into consideration if the project you're about to invest into or trade is a coin or a token.

I can't advise you which one would be better to trade. The situation for each crypto asset may be different depending on the market and the development of the project.
the analysis is not that coins or tokens are more profitable, but come to the market and do several approaches with trading strategies that you master. so you can determine which crypto assets will be suitable for you to trade.

Quote from: $weetne$$ on August 04, 2023, 06:12:32 AM

Why I'm asking this question is because tokens has a variety of exchange options to trade them on like DEX and CEX but coins can only be traded when they're listed on centralized exchange and when trade are halted you can't buy or sell that coin that you're holding.

not necessarily the token has a better exchange alternative. there are also many tokens that cannot be listed on exchanges. or only listed on Dex, because the project is new and not in partnership with other exchange platforms. tokens that have been successfully listed on a sizable exchange, of course, have a running project and a good market.

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Quote from: $weetne$$ on August 04, 2023, 06:12:32 AM

I was doing some research on types of cryptocurency and discovered that we have tokens and coins. For those that don't know the difference here's a simple explanation, coins has their own blockchain while tokens rely on others blockchain to operate just like we have many top cryptocurency relying on ethereum blockchain to operate. My question now is which of this cryptocurrency is more profitable to trade or do you not put into consideration if the project you're about to invest into or trade is a coin or a token.
Why I'm asking this question is because tokens has a variety of exchange options to trade them on like DEX and CEX but coins can only be traded when they're listed on centralized exchange and when trade are halted you can't buy or sell that coin that you're holding.

Why would it make any difference? There are garbage L1 projects (coins) almost as many as garbage L2 projects (tokens). Some coins even start as placeholder tokens that are swapped with coins after mainnet comes

But it doesn't have anything to do with the quality of the product. And if you are trading, you should maybe focus on hunting volatile coins or tokens, regardless their fundamentals, they are moving a lot and are a gold mine for skilled traders. Or if you want to trade low frequency, choose something that does have room to grow and reason to glrow.

Topic: Trading tokens or coins, which one is better or gives more profits? - page 3. (Read 698 times)