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Showing 5 of 5 results by Stoicreddy
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in my opinion we have to find a middle ground there are many earning opportunities with exchange coins but following many can be dispersive in my opinion we need to focus on 3 or 4 and focus only on those, at the moment i follow cake, bnb, banana and uni
Which 3 - 4 coins would you pick?
Agreed, people should not take this as financial advise but we know that your main strategy. Remember that those exchange tokens have fully working product and that being said that they can still grow even when the market turns into the bearish trend. I have bought lots of BNB when the price was around $10 and i got a very big profit. I was also using the same strategy like you dude.
So many people have been rushing various exchange tokens because they saw these tokens have big opportunities to be even bigger from time to the time.
So many people have been rushing various exchange tokens because they saw these tokens have big opportunities to be even bigger from time to the time.
True, and the downside or Critical Risk of this strategy is if not all the coins I picked, most of those coins are centralized and this is is ironic to the whole idea of founding/developing Cyrpto currency (Bitcoin). The idea of Crypto currency is decentralization when they begin it, but it is taking a different shape as it grows huge and huge.
All the coins/tokens you picked have increased by multiple times. Holding those won't bring you huge profit. If it were me, I would apply similar strategy but with less known exchanges/platforms. Some of typical examples are BAKE (bekeryswap) and BANANA (Apeswap). Both these tokens have just increased by many times in the last couple of weeks.
Agreed, they have increased. You got the idea but you are saying to implement it in less known exchanges with an extreme risk
. Risk might High to Very High in the coins I picked. But your idea got extreme risk and so lucrative returns. Out of my picks CRO is still struggling to pick up and it's popularity is picking so I see potential in this.
⭐ Merited by CryptopreneurBrainboss (1)
This is Not a Financial Advise, I am not a Financial Advisor. You should be prepared to loose all the money you put in Crypto, if not do not put in that money.
I would like to talk about the Exchange Coins, which got a huge potential.
In a traditional stock market if you want to buy stocks you need to go through a broker, if you want to buy currencies you need to through a forex broker/trader. These are the ones who mints money irrespective of the markets going up or down.
Unlike a traditional market we don't have these middle men (brokers) in Cypto Markets. We directly deal with the exchanges. Exchanges are the ones that make money irrespective of the market moments (bullish/bearish).
Each crypto exchange has a native token (commonly called as coin) that offers discounts in the trading fee, when you pay the commission using the token that is native to that exchange. Just like how the brokers make money in a traditional market, Cyrpto Exchanges makes money through the commissions collected from the users.
I strongly believe that these tokens should be part of every user with HODL strategy. These are not flying to moon coins but, I see a steady growth with a crystal clear use case. As an example look at Binance Coin BNB, we all know what happened to these coins it was trading in 2 digits few months back, at the time of writing this topic, it was trading at around $650.
I have hand picked few of them, and believe there is a huge potential for these coins to grow in near and far future. Let us share your views and comments.
Spot Exchange Tokens/Coins:
Decentralized Exchange Tokens/Coins:
Lending Exchange Tokens/Coins: , ,
I would like to talk about the Exchange Coins, which got a huge potential.
In a traditional stock market if you want to buy stocks you need to go through a broker, if you want to buy currencies you need to through a forex broker/trader. These are the ones who mints money irrespective of the markets going up or down.
Unlike a traditional market we don't have these middle men (brokers) in Cypto Markets. We directly deal with the exchanges. Exchanges are the ones that make money irrespective of the market moments (bullish/bearish).
Each crypto exchange has a native token (commonly called as coin) that offers discounts in the trading fee, when you pay the commission using the token that is native to that exchange. Just like how the brokers make money in a traditional market, Cyrpto Exchanges makes money through the commissions collected from the users.
I strongly believe that these tokens should be part of every user with HODL strategy. These are not flying to moon coins but, I see a steady growth with a crystal clear use case. As an example look at Binance Coin BNB, we all know what happened to these coins it was trading in 2 digits few months back, at the time of writing this topic, it was trading at around $650.
I have hand picked few of them, and believe there is a huge potential for these coins to grow in near and far future. Let us share your views and comments.
Spot Exchange Tokens/Coins:
- BNB (Binance Coin)
- KCS (KuCoin Token)
- CRO (Crypto.com Coin)
- HT (Huobi Token)
- GT (Gate Token)
Decentralized Exchange Tokens/Coins:
- UNI (UniSwap)
- CAKE (PanCakeSwap)
- SUSHI (SushiSwap)
- BURGER (BurgerSwap)
- 1INCH (1inch)
Lending Exchange Tokens/Coins: , ,
- XVS (Venus)
- AAVE (Aave)
- COMP (Compound)
All it takes is Patience.
I have read that people bought Doggy (DOGE) coin when it went up to $ 0.4 and it has came down to $0.2. Most of them would have sold it, at the time of writing this reply it is trading at $0.47.
People who waited patiently for the price to fall down when it went up to $ 0.4 are the ones who makes it, rest of them due to FOMO buy at the level $0.4 and waiting for the price to go up, they should have waited patiently for the price to fall down.
I have read that people bought Doggy (DOGE) coin when it went up to $ 0.4 and it has came down to $0.2. Most of them would have sold it, at the time of writing this reply it is trading at $0.47.
People who waited patiently for the price to fall down when it went up to $ 0.4 are the ones who makes it, rest of them due to FOMO buy at the level $0.4 and waiting for the price to go up, they should have waited patiently for the price to fall down.