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

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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

btc-facebook

legendary

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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

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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.

Silenox

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A good project, with active developers and strong community, it is worth the wait a while and take a chance. But shitcoins without future can sell as soon as they have opportunity.

Kiweikoo

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Quote from: cryptoalfs76 on November 06, 2017, 09:41:26 AM

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?

In my own perception that is why its called airdrops,because its a token gift give to all bitcoiner's as an appreciation of being patronize there investment.so either we exchange it to fiat, or we hold it , and trade it in the time of the value of this coins will pump in the market.

Holding is good because there is still good time coming for us dint exchange into flat now because prices are still at rise and this will give you not that much profit but in the start there will be a boost that is coming that will take price to the 10k+ and that time will be the best for the investor and those who had held their coins they must have to keep patience and take their time and then cash out their money.

Tendou_Karen

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Sorry i'm newcomers and i want to ask something about wallet.
What is the best wallet for claiming tokens from airdrop? Thank you

farhaan

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Quote from: ?? on ??

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.

If the tokens are got from an ICO,then most of the people immediately dump their coins as soon as it gets listed in the exchanges.But its totally wrong.We should just wait and see how the price of the coin moves and then decide what to do.usually,devs who launch ICOs try to pump their coins as much as they can once it gets listed.So,it would be better to wait for atleast one month and decide whether to sell or just hold it.

If the coin is got freely from an air drop during hard fork,then it should be immediately dumped in the market as almost all people who hold these free coins try to dump it and earn some quick profits since its just free for them.So,delaying to sell such coins would reduce our profits.Mostly,such coins do not have any unique features to deliver and so,mostly they are termed as shitcoins.

Osarman

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Quote from: eann014 on November 05, 2017, 10:05:58 AM

Quote from: anti-scam on October 27, 2017, 07:34:52 PM

Airdrop like rain, scattered everywhere.
everyone is hunting coins, hard to predict.
I always sell it right away, it is the best way to earn money quickly. there is no reason to hold a coin that has no future.

I don't think that a lot of Airdrops has no future. Maybe also depend on how they market their coin, just like some altcoins, (Ethereum, litecoin or dogecoin) it is not bad ti hold them also but it is up to us of course if we really need to sell it right away.

People often get confuse of how they can make big earnings in their own aspect. I must say they should try to have confidence on them. Every person on this planet have much potential to work and earn more and more. You only need to be confident and try to make your ways.

Airdrops are not important as the international market is concerned, but you have to take care of your strategies that implement these decisions.

Kajun

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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.

cryptoalfs76

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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?

In my own perception that is why its called airdrops,because its a token gift give to all bitcoiner's as an appreciation of being patronize there investment.so either we exchange it to fiat, or we hold it , and trade it in the time of the value of this coins will pump in the market.

masson12

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

satria33

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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?

If I became you, I would soon sell the coins I got because my experience of any coins that I resisted too long would drop drastically

ene1980

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I have seen a lot of airdrops coming up and i have not participated in any of the drops in months other than the bitcoin forks because i am holding some coins,but i am not sure whether these coins would have any value at all in the future,but there is nothing wrong in collecting those coins if you get it for free but i give a pass on it until something forces to me rethink about it.

BabyBoss

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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?

Yes, their is big possibilities that people dump the price of airdrops because they already sell it as much as the coins is in the wallets already. They are not thinking for the future because it is given to them freely no tasks or investments coming feom them.

cindygirl

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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?

Your logic is sound and correct, airdrops are often followed by dumps, that's why many have restrictions on selling or encouraging holding someway, but it also depends on how big a percentage are being airdropped and how established the coin is.

xKARELx

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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?

you can never guess at the right time to sell these or other coins. It takes time and experience to learn how to feel the right moment!

burliko

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acts like a dividend/offering in the stock market - 1 effect is dilution 2nd is anticipated price drop post the distribution. The effects aren't as cut-dry in the cryptosphere as the equity markets but the general tendency is definitely notable.
b

FrueGreads

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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?

I actually think that there are some guys that actually buy some coins before an airdrop, to maybe try to influence the market and see if they can "initiate" a pump of that coin. This way, they will probably get more out of the sell, when the airdrop is done. The news from an airdrop actually generate some attention to the coin, so maybe some people will get to know the project, and then will buy some coins after that. Byteball price normally increases before every airdrop, but of course it goes down after it. If you just want to trade, and don't really care about holding the coin, then I would say you should carefully monitor the market when you are getting close to an airdrop. If it's getting a pump, like Byteball normally gets, you should hold for a while, and sell before the airdrop is finished.

ddurand

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Most of the time you have to sell the airdrop coins on the FIRST pump since they are just scams but sometime it's a valuable project and you have to wait a bit in order that the team start developing it.

eann014

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Quote from: anti-scam on October 27, 2017, 07:34:52 PM

Airdrop like rain, scattered everywhere.
everyone is hunting coins, hard to predict.
I always sell it right away, it is the best way to earn money quickly. there is no reason to hold a coin that has no future.

I don't think that a lot of Airdrops has no future. Maybe also depend on how they market their coin, just like some altcoins, (Ethereum, litecoin or dogecoin) it is not bad ti hold them also but it is up to us of course if we really need to sell it right away.

BitcoinHodler

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HODLing is an art, not just a word...

when people receive free shit they tend to want to use them not store them away. and when they receive an airdrop for free they want to dump it. and even if a small number of them dump it, the price will come down a little and that is enough for the rest to start panic selling and that is when prices come down real big.
that is why most people dump their coins as soon as they receive the free things.
and when the airdrop is big and is giving lots of coins away that means they are practically creating that much bigger sell pressure.

dunfida

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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?

This is a usual thing on which airdrop participants will actively sell their free coins once it hits exchanges because on this way they can able to make money on just simply signing up on those airdrops.It would depend on a certain individual if he would decide to hold up and let those dumpers take profit because there are instances on which some airdropped coins did already to pump out which if you do hold it then it would really be a worth thing since you can really make some serious cash out of your free coins been given by them specially if its being hyped up then it would really put a smile on your face.

cobs27

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Hello Guys,

I am wondering how can I know if the coin having an airdrop will have a great value and has the potential to be
listed on the different exchangers and can be listed on coinmarketcap. As I experience, Normally after I receive airdrop and
listed on Etherdelta then sometime ill buy that coin in low price then wait to increase but some time I waited so long but still
the price did not increase , the price stays the same or becomes lower so I loose. Any one who can advise what items to consider
in buying a coin on ether delta normally coins from airdrop. How can I assure that the price of the coin that I will buy will increase?

willietjie

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Patience is key....
Just do you homework on the project.

jcowallace1968

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I think how can people get token to sell before airdrop. Can only dev team have Sad

Thats big question about airdrop

Klausi

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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?

Mostly people who received tokens including me will immediately sell the coins especially if the value in the market are very poor. As you can see in the market their are already thousand kinds altcoins are now competing in which some are considered a crap anymore. If you luckily maybe to receive airdrop coins, you should check right away in the market value to see if their are big investments pouring in so that you could decide to pump or dump it.

pinoyden

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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?

ive been joining lots of airdrop lately but i still hold my coins/token because most of them has a little to less value and i'll end up paying more for the gas fee rather than earning a profit. yet not not all tokes/coins have a low value after you recived it, infact there are others like ebtc has pump immediatley and
some people actually earn easy money on it. overall i think its better if you can just hold it for a longer time or until it it is listed on 2 to 3 exchanges or major exchanges for a reasonable price.

d0r10n

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Yeah if the airdrop is a good project, HOLD. I'm doing that with DeepOnion (great privacy coin with good team, community and feature roadmap).

If it's some scammey eBTC type airdrop, that's a money grab by the creators, might as well dump that crap ASAP.

titima

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thanks for this topic i find answer for question in my mind about airdrop

scott btc

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

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.

how about the coin who can be mint ? it's a problem or not, will the coin survive for a long term ?

but afaik after i(we) got paid from airdrop they just sell it, why ? because it's free then we can get our money from it, do you need money ? so do i. But they are not thinking before they can claim over then they get(by hold then sold in top price). Money, Money, and Money..

TheUltraElite

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So anyway, I applied as a merit source :)

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?

In most cases as far as I have seen, people who receive airdropped coins simply sell them on exchanges causing a massive dump just after being listed on the exchanges. However if you are going to participate in any airdrop be on guard for phishing links and social engineering scams.

Though there are many legit airdrops as well so not all are scams. But there have been some recent coins with e-prefixes which are simply pump and dump schemes. Those who became greedy for free cash joined them and made some money from selling. However potential investors who bought the coin are now in loss. So its totally your discretion about how to deal with airdrops. I personally stay away from them unless the developers are legit and real.

Buntel168

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Quote from: anti-scam on October 27, 2017, 07:34:52 PM

Airdrop like rain, scattered everywhere.
everyone is hunting coins, hard to predict.
I always sell it right away, it is the best way to earn money quickly. there is no reason to hold a coin that has no future.

I a gree with you, i always sell it too, without risk and earn money quickly, but sometimes we must have a strategy to hold the coin or sell it quickly.

dx_twisted

full member

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There are two different kind of scenarios on when is the right time to sell an ICO token.

1. If obtained through bounty, airdrop or premine and no ICO. Then, it is wisely suggested to sell them earlier once they hit thru exchanges. I usually sell them at the price that I feel but not thru the 1st exchange site. Maybe, wait for it to hit around 2 to 3 exchange site. This may happen in the span of around 3 to 6 months.

2. If you bought an ICO, then they are worth for long-term investment but with risks. They are times that a short-term ICO may succeed compared to long ones due to the projects hype. I usually monitor the price of the ICO's that I bought same w/ the span of #1. Not directly selling it but studying the chart first. Once I feel it or conclude that the price may rise up for a few more months then I just hold them until the price is right for me.

After all, investing in an ICO have some risks. Some tokens, with or without investors may rise and fall depends on its project roadmap and people backing.

anti-scam

sr. member

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COINECT

Airdrop like rain, scattered everywhere.
everyone is hunting coins, hard to predict.
I always sell it right away, it is the best way to earn money quickly. there is no reason to hold a coin that has no future.

soham

sr. member

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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?

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.

jmigdlc99

sr. member

Activity: 784

Merit: 282

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?

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