Airdrops. With its impact on value of coin, good time to sell?

palermofc

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Quote from: jmigdlc99 on October 27, 2017, 04:05:31 AM

I'm hoping to get some advice from people with much experience trading airdropped tokens or coins.

Let's say a token/coin is about to distribute a big airdrop to many users, doesn't that usually mean that more people (those receiving the airdrop) will immediately sell their new token/coins and therefore cause negative movement of token/coin value? Given this, is it then best practice to SELL before airdrops are distributed?

Best practice is to buy tokens when it is listed in the first exchange. By that way, you will buy way lower than the ICO price. And sell before airdrop distribution to avoid the price fall.

KJMZNine

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If there is an upcoming snapshot because of an airdrop for the coin that you hold, you should not sell, because a lot of people will buy in if the project that will be airdropped is promising. If it is an airdrop for that is for new members, you maybe should sell. But it depends on the amount of tokens/coins that will be airdropped.

cryptotamer01

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Quote from: Aegis Platform on May 05, 2018, 03:44:49 AM

If a company does airdrops but not an ICO, doesn't that mean that they are not looking for a quick profit, just wide distribution of the coin? Seems to me the coins don't have much value until they are listed on an exchange and even if the team sells off first, they make very little as the price is still low, no? Until the team starts hitting some milestones, creating traction e.t.c, are the airdroppers likely to find any buyers anyway? Just trying to understand if there is anyway to make an airdrop-no ICO work.

Well the coin/token must have some kind of fairness and real life use,good developers and marketing. In that situation never sell just hodl if you can make or find such a project...

bvar69

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I just hodl airdrops since its free, 90% of the time the value increases.

miyaka26

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It's up for the token airdrop holders if they are going to hold or just dump the coin then goodbye ICO got free money, but in the most cases there would be a toxic people for the opening price as they dump the tokens without second thinking for a long-term holding whatever if the project is just useless then how beneficial for us to hold those tokens in a cold storage device for a longer keeping.

kangkilokang

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Quote from: wangli370404 on May 05, 2018, 06:35:57 AM

Quote from: soham on October 27, 2017, 07:25:51 PM

Quote from: jmigdlc99 on October 27, 2017, 04:05:31 AM

I'm hoping to get some advice from people with much experience trading airdropped tokens or coins.

Let's say a token/coin is about to distribute a big airdrop to many users, doesn't that usually mean that more people (those receiving the airdrop) will immediately sell their new token/coins and therefore cause negative movement of token/coin value? Given this, is it then best practice to SELL before airdrops are distributed?

That depends on the token actually. If the token in only obtained through airdrop and not through ICO, that means the coin may have a very little value in the market. Because it is available for free of cost so why would people pay a price for obtaining it? That will become a pump and dump scenario. Even though we have few exceptions like DeepOnion, but that's very very rare case.

I usually don't look much at the tokens but it is wise to investigate well about a token before you invest anything. And if you are getting free coins through airdrop, it is wise to sell it off at the first place while buyers are available in the market. Because later it may have no value.

I don't agree with you. There are a lot of good projects that will be dropped. This can be widely disseminated in the media in the shortest possible time.

if you are only involved with the airdrops and not on other campaigns, it will show their potential is smaller than the others, I'm not saying all the airdrops are bad, but the dominant of them is not giving good hope with fewer allocations, it must be sold because dev aim is also just as sweetener volume in crypto market for their own coin.

wangli370404

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Quote from: soham on October 27, 2017, 07:25:51 PM

Quote from: jmigdlc99 on October 27, 2017, 04:05:31 AM

I'm hoping to get some advice from people with much experience trading airdropped tokens or coins.

Let's say a token/coin is about to distribute a big airdrop to many users, doesn't that usually mean that more people (those receiving the airdrop) will immediately sell their new token/coins and therefore cause negative movement of token/coin value? Given this, is it then best practice to SELL before airdrops are distributed?

That depends on the token actually. If the token in only obtained through airdrop and not through ICO, that means the coin may have a very little value in the market. Because it is available for free of cost so why would people pay a price for obtaining it? That will become a pump and dump scenario. Even though we have few exceptions like DeepOnion, but that's very very rare case.

I usually don't look much at the tokens but it is wise to investigate well about a token before you invest anything. And if you are getting free coins through airdrop, it is wise to sell it off at the first place while buyers are available in the market. Because later it may have no value.

I don't agree with you. There are a lot of good projects that will be dropped. This can be widely disseminated in the media in the shortest possible time.

puremage111

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Quote from: jmigdlc99 on October 27, 2017, 04:05:31 AM

I'm hoping to get some advice from people with much experience trading airdropped tokens or coins.

Let's say a token/coin is about to distribute a big airdrop to many users, doesn't that usually mean that more people (those receiving the airdrop) will immediately sell their new token/coins and therefore cause negative movement of token/coin value? Given this, is it then best practice to SELL before airdrops are distributed?

For your question "more people (those receiving the airdrop) will immediately sell their new token/coins"
I would say yes, there are tons of people who are looking for instant profit regardless if the price is low/high since it is free

is it then best practice to SELL before airdrops are distributed?
If you think that the project has a good future and potential, hold until its main net or product release, then you decide

Aegis Platform

newbie

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If a company does airdrops but not an ICO, doesn't that mean that they are not looking for a quick profit, just wide distribution of the coin? Seems to me the coins don't have much value until they are listed on an exchange and even if the team sells off first, they make very little as the price is still low, no? Until the team starts hitting some milestones, creating traction e.t.c, are the airdroppers likely to find any buyers anyway? Just trying to understand if there is anyway to make an airdrop-no ICO work.

automaticmoney

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in my view airdrops wont have any value airdrops are created only for marketing of particular coin it is better to sell the coin as soon as listed then only we can see some price from free airdrops

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legendary

Activity: 1862

Merit: 1015

Quote from: grumpy619 on March 03, 2018, 04:27:46 AM

It depends on coin, sometimes that small amount of airdrop you get for bying and holding special coins - doesnt deserve this attempt. just once i was satisfied , when i bought nxt before ignis airdrop. I didnt need ignis actually, i just bought nxt by 2k sat and sold for 12k sat Grin

What a great deal before NY!

For me, ICO coin far more unpredictable especially when there are ton ICO occur nowadays !
Usually I'm try to research what kind coin that I want to invest and observe community response before I decide to invest in.
Sometimes for quick profit, I just sell it as soon as it's appear on exchange !

grumpy619

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It depends on coin, sometimes that small amount of airdrop you get for bying and holding special coins - doesnt deserve this attempt. just once i was satisfied , when i bought nxt before ignis airdrop. I didnt need ignis actually, i just bought nxt by 2k sat and sold for 12k sat Grin

What a great deal before NY!

Cryptowood88

newbie

Activity: 26

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Started a spreadsheet that I am updating with Airdrops. Feel free to use to collect free coins. Many are ICOs that have good potential. I will be updating this sheet daily.

https://docs.google.com/spreadsheets/d/1Cj7suWG0ho27tKA7y-ve8Pu6ejNjm-a2A0Bo-z1Ke-A/edit?usp=drivesdk

Endikadija

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Quote from: Suslived on November 27, 2017, 06:17:45 AM

Yeah from what i've seen its most likely that when an airdrop distributes coins, its value immediately drops. Take a look at Ethereum's POS token. Before the airdrop it was trading at 0.004 ETH then BAM! After the airdrop happened all hell broke loose and now the coin is valued at 0.0001.

Goes to show, sell your airdropped tokens while you can, while they have value.

The airdrop deserves no value for the future. can you tell me about the purpose of some people are trying to make an airdrop right now? It caused by free money because these people is able to make their own contract. And they can generate more and more crap assets in the future. This is just like another scam way.

Suslived

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Yeah from what i've seen its most likely that when an airdrop distributes coins, its value immediately drops. Take a look at Ethereum's POS token. Before the airdrop it was trading at 0.004 ETH then BAM! After the airdrop happened all hell broke loose and now the coin is valued at 0.0001.

Goes to show, sell your airdropped tokens while you can, while they have value.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: masson12 on November 06, 2017, 03:57:11 AM

I suppose you sell them at the first pump you can lay your eyes on. Every airdropped coin.

Correct because most airdropped coins that we see are simply shitcoin made from some shittoken by some shitdev or no dev at all just a bunch of scammers. People fall for them thinking of some easy money. How many times is in needed to be told that money does not come airdropped like this.
There will always be the third world beggar laying hands on every shittoken airdrop that appears in this forum and start shitposting on that topic asking "how to get airdrop?"

Gracie12

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You can understand that because airdrop is free, there must be a lot of people willing to sell it, but even though it's free, there's a value to it, and there's a lot of good airdrop prices that have been going up.

ramsdaj28

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اللعنة

Quote from: jmigdlc99 on October 27, 2017, 04:05:31 AM

I'm hoping to get some advice from people with much experience trading airdropped tokens or coins.

Let's say a token/coin is about to distribute a big airdrop to many users, doesn't that usually mean that more people (those receiving the airdrop) will immediately sell their new token/coins and therefore cause negative movement of token/coin value? Given this, is it then best practice to SELL before airdrops are distributed?

PATIENCE is virtue. People who are receives tokens from airdrops want to earn immediately without realizing that those tokens hasn't yet established its value in the market. It is so disappointing that whenever the participants of these airdrops have already received their tokens, they immediately ask people if where they could sell their tokens. They're about "EARNING" without knowing the purpose of the coin or the objectives of the developers in creating the tokens.

It is also not an ideal thing to TRADE immediately the tokens you've received from airdrops. Take note that the starting value of these tokens written in whitepapers of ICOs are not actually the same with its starting value in exchanges (e.g. a token with starting value of $0.15 can't actually be trade immediately with that price in exchanges). The best thing to do with your tokens is to hold them for at least a year.

kateryana81

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Quote from: Kajun on November 07, 2017, 06:42:21 AM

Then it's better to accumulate airdrops and hold them. The profits of only one of them compensate the losses for not selling at a few cents.

Exactly! There is no point of selling them and that too at the time when the prices are falling down. This will hard result in something good. The only thing which can help you at the time when the prices are falling down is none other than holding of your coins. If you will go for panic selling, then this will only add lot of troubles for you and you’ll be getting nothing profitable in return.

Pierre 2

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Most of the airdrops are dropped for dumping. Yeah there are some coins that privately does airdrops for promotion but I mean most popular airdrops are very manipulative to hold.

Topic: Airdrops. With its impact on value of coin, good time to sell? (Read 1175 times)