In addition to ALL IN BTC, you have a better choice

In addition to ALL IN BTC, you have a better choice

XFGG17 - In addition to ALL IN BTC, you have a better choice

If you are a digital currency enthusiast, ready to invest and hold some digital currency for a long time, what choices should you make?

One of the most popular claims is that all buy BTC and hold it for a long time.

I think it’s a good idea. It sounds simple and relatively safe. But the question is, can we find better portfolios that offer higher returns without taking more risk?

A viable option is to add cryptocurrency exchange coins to your portfolio.

We must first clarify some of the misunderstandings of many people on the cryptocurrency exchange coins. It mainly includes three aspects.

The first misunderstanding is that cryptocurrency exchange coin is not real cryptocurrency. The main reason for this misunderstanding is that the cryptocurrency exchange coin is issued on a centralized cryptocurrency exchange and can be manipulated. But in fact, the excellent cryptocurrency exchange issues its own coins through the blockchain. Technically speaking, there is no possibility of manipulating.

The second misconception is that cryptocurrency exchange issue coins in exchange for users’ cryptocurrency, such as BTC. The mistake of this view is that the purchase of cryptocurrency exchange coins is a zero-sum game similar to gambling.

The third misunderstanding is that cryptocurrency exchange coins are less liquid. The main rationale for this view is that most cryptocurrency exchange coins can only trade on a specific exchange. In fact, while most cryptocurrency exchange coins are not as liquid as BTC, you can easily buy or sell them or even spend them offline.

Similarly, I summarized three advantages of cryptocurrency exchange coins.

First, the most important factor in determining the value of a digital asset is the network effect, which explains why BTC is the most expensive. Cryptocurrency exchange coins also have the same characteristics. All users trading on the cryptocurrency exchange are more likely to accept the cryptocurrency exchange coins, thus greatly increasing the network effect of the cryptocurrency exchange coins.

Second, cryptocurrency exchange coins are the digital asset closest to the stock in the blockchain field. Excellent cryptocurrency exchange coins often rely on the liquidity and profitability of the cryptocurrency exchange. The cryptocurrency exchange will regularly take back the method of repurchase and destruction to

maintain the value of its coins. This is much like what public companies do in the stock market. During the period from April 24, 2018 to May 4, 2019, OKB adopted an incentive mechanism for dividends. According to official data, 33,209.73 BTCs have been issued to more than 1 million OKB holders.

Third, a cryptocurrency exchange coins holder can enjoy a similar VIP status as a member in the transaction, as well as a number of offline usage scenarios. For example, HT has the right to invitation and rebates、rewards of sub-tokens、OTC legal service 、 fee discount 、 ecological trading zone and repurchase and destruction.OKB has the functions of trading fees discount, OKChain, OKDex, OKNodes, OKB trading market rights, trading free discount, OKEx Jumpstart, advantages in listing activities and voting. It also has multiple external application scenarios, such as payment, transaction, market software, wallet, financial financing, technical security, tourism, life service, entertainment, etc.

So how to choose cryptocurrency exchange coins?

First, you need to choose the coins of the top cryptocurrency exchanges. The reason is that the top cryptocurrency exchanges exist for a longer time, so they have stronger profitability and lower risk of failure. It can guarantee maximum security when you hold their cryptocurrency exchange coins. The three most authoritative cryptocurrency exchanges are Binance, OKEx and Huobi.

Second, choose a cryptocurrency exchange with strong liquidity. Strong liquidity means that you can directly trade with legal tender and withdraw in time. The liquidity of an asset determines whether it has higher value. At present, among the major cryptocurrency exchange coins, OKB and HT have opened the legal tender purchase channels.

Third, choose cryptocurrency exchange coins with a higher market value. As in the stock market, bigger stocks do better in the long run. Don’t pick cheap junk stocks. Currently, OKB has a total market value of 22.14 billion, BNB 15.17 billion and HT 11.01 billion.

In short, if you believe that the blockchain will change the world, my advice is to buy BTC and those excellent cryptocurrency exchange coins, and HLOD them for a long time.

Published at Mon, 04 Nov 2019 05:21:44 +0000

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