Topic: Bounty Rewards: Sell immediately or HODL? - page 17. (Read 7195 times)
Bounty reward is okay to sell immediately and is also better to hold for a long time it depend on how market be. If market rise up it better to sell immediately but if the market fall it a better idea to hold
It's definitely about how robust the project is. But according to my experience, it is more logical to sell the tokens earned from bounty when it first arrives and then collect it all together. You can fold the number of tokens in your hand very easily.
I think you should hold for little bit more, so that market is stable and altcoin are in power again. There is perfect time to sell your bounty rewards you just need to wait for that moment.
I sell only if the price of the token grows after listing on the exchange, if the price falls(now this can often be seen), then I hodl the tokens.
but also I look at the project,if I think it is promising- HODL!
but also I look at the project,if I think it is promising- HODL!
Actually, it all depends on the company. If the team develops its product, quickly enters the exchange, lives on social networks boils, concludes partnership agreements, it is worth keeping coins. If the project develops barely, it is better to sell and buy more promising coins.
Better resist because this is the best strategy to gain more profit, unless you really need money to invest in a new coin or ICO.
I think many people just don't bother to examine the project they are working for and therefore sell their tokens prematurely. I always have a personal note for each bounty campaign so I know whether I should dump the tokens immediately or hold them for future.
holding habits will make you always have a chance to get great results, believe me instead of selling better, I've proven myself that holding the coin will be worth more than direct selling, that is my opinion about sell or hold
For me when I receive my bounty rewards I automatically think of selling them specially if the price is reasonable or if I think that the price is equal to the amount of work I have done. I also sell my coins immediately specially if I need the money to pay bills or buy my needs. But whenever I receive my rewards and I don't necessarily need it right away I HODL my coins for a little longer in the hope that it will rise in price and I would gain huge profit from it.
There is a two way to do on your bounty rewards its either you sell the half if you need money as well as it profitable for you as long the price is good. The other is hodl the half because in long term holding maybe the token will goes up and going to the moon and is its profitable cause you had holdings for that the good choice to do
There is a two way to do on your bounty rewards its either you sell the half if you need money as well as it profitable for you as long the price is good. The other is hodl the half because in long term holding maybe the token will goes up and going to the moon and is its profitable cause you had holdings for that the good choice to do
I haven't accumulated a huge amount of bounty rewards really, but what i do have i've just kept in my wallet to see how it does long-term. I look at it as basically free money, so i wouldn't be too upset if it's long term value when to zero. But i'd be way more upset if I sold early & the value skyrockets after i'd sold.
Every ICO takes some time to be stable in the market after its bounties end, so selling reward immediately is not preferable unless you are a risk averse
Hold, this will give more than instant sell. Of course the price of your ICO in which you participated as a bounty hunter can highly increase in the beginning of trading and then meet the correction, but longterm(if you choose the right project) it will rise anyway
There are some bounty hunters who depend solely on bounty as source of living. That is why most of them find it very difficult to hold So many of them always target when the coin get listed in the market and i the slightest chance of selling, they sell whatever they have and wait until they get another reward from another bounty. So, we cannot total eradicate the dumping of coins by bounty hunters. Some will hold, while others that are able to hold, will hold.
Depends on what kind of a coin it is. But most often it is better to hold coins to get a good profit.
I am trying to sell my reward of bounties because in my portfolio only some currencies and I don’t want to be distracted by any other coins. This is the question of convenience for me exceptionally.
If you are sure this project is good then you can leave it for a long time. If you do not believe that this project will exist for a long time, then sell it at the first opportunity.
I've been doing bounty campaigns only since December 2017. Not long, in the scheme of things. But one thing that truly surprised me during the last couple of months is the number of bounty hunters who look to sell their tokens ASAP. At first, I didn't understand why, but I think I'm beginning to.
For me, I'm doing these bounty campaigns for a bit of fun and to give my mind a bit work to do, creatively speaking. So my mindset for any bounty tokens is just to HODL and allow the devs to implement their roadmap and take the project through to completion. I think this will give the best realisation of value on the tokens. Sure, some may fail and they will likely end up worthless, but since I only invested time, not money, into receiving them, I'm not really worried.
So with that mindset, I struggled to understand why so many people were eager to offload their bounties at the earliest opportunity.
But over the weekend, I sat down and did some calculations on the accumulated bounty rewards I'm expecting to receive. Each bounty by itself was a modest return, but when combined in totality, it was a sizeable amount. And that's when it struck me...
Lots of people who live in less fortunate parts of the world, particularly in areas with high unemployment, probably NEED to sell their bounty rewards to put food on the table and pay their bills.
But I really don't know if my assumptions are correct. So, my question to you is...
Do you sell your Bounty Rewards straight away or HODL? Any insight into your reasons would be appreciated.
## If this post has been thought provoking for you, I'd really appreciate a bit of Merit in return ##
If you prefer selling upon recieving and being listed on an exchanger of your bounty tokens, that okay but you will miss the chance of earning huge profit if ever that token's market value starts to increase. Still. it's a risk and there's no hundred percent assurance that it will always happen. There are tendencies that the msrket value will suddenly fall which is what worries the bounty hunters. For me, I'm doing these bounty campaigns for a bit of fun and to give my mind a bit work to do, creatively speaking. So my mindset for any bounty tokens is just to HODL and allow the devs to implement their roadmap and take the project through to completion. I think this will give the best realisation of value on the tokens. Sure, some may fail and they will likely end up worthless, but since I only invested time, not money, into receiving them, I'm not really worried.
So with that mindset, I struggled to understand why so many people were eager to offload their bounties at the earliest opportunity.
But over the weekend, I sat down and did some calculations on the accumulated bounty rewards I'm expecting to receive. Each bounty by itself was a modest return, but when combined in totality, it was a sizeable amount. And that's when it struck me...
Lots of people who live in less fortunate parts of the world, particularly in areas with high unemployment, probably NEED to sell their bounty rewards to put food on the table and pay their bills.
But I really don't know if my assumptions are correct. So, my question to you is...
Do you sell your Bounty Rewards straight away or HODL? Any insight into your reasons would be appreciated.
## If this post has been thought provoking for you, I'd really appreciate a bit of Merit in return ##
I've been doing bounty campaigns only since December 2017. Not long, in the scheme of things. But one thing that truly surprised me during the last couple of months is the number of bounty hunters who look to sell their tokens ASAP. At first, I didn't understand why, but I think I'm beginning to.
For me, I'm doing these bounty campaigns for a bit of fun and to give my mind a bit work to do, creatively speaking. So my mindset for any bounty tokens is just to HODL and allow the devs to implement their roadmap and take the project through to completion. I think this will give the best realisation of value on the tokens. Sure, some may fail and they will likely end up worthless, but since I only invested time, not money, into receiving them, I'm not really worried.
So with that mindset, I struggled to understand why so many people were eager to offload their bounties at the earliest opportunity.
But over the weekend, I sat down and did some calculations on the accumulated bounty rewards I'm expecting to receive. Each bounty by itself was a modest return, but when combined in totality, it was a sizeable amount. And that's when it struck me...
Lots of people who live in less fortunate parts of the world, particularly in areas with high unemployment, probably NEED to sell their bounty rewards to put food on the table and pay their bills.
But I really don't know if my assumptions are correct. So, my question to you is...
Do you sell your Bounty Rewards straight away or HODL? Any insight into your reasons would be appreciated.
## If this post has been thought provoking for you, I'd really appreciate a bit of Merit in return ##
For me, I'm doing these bounty campaigns for a bit of fun and to give my mind a bit work to do, creatively speaking. So my mindset for any bounty tokens is just to HODL and allow the devs to implement their roadmap and take the project through to completion. I think this will give the best realisation of value on the tokens. Sure, some may fail and they will likely end up worthless, but since I only invested time, not money, into receiving them, I'm not really worried.
So with that mindset, I struggled to understand why so many people were eager to offload their bounties at the earliest opportunity.
But over the weekend, I sat down and did some calculations on the accumulated bounty rewards I'm expecting to receive. Each bounty by itself was a modest return, but when combined in totality, it was a sizeable amount. And that's when it struck me...
Lots of people who live in less fortunate parts of the world, particularly in areas with high unemployment, probably NEED to sell their bounty rewards to put food on the table and pay their bills.
But I really don't know if my assumptions are correct. So, my question to you is...
Do you sell your Bounty Rewards straight away or HODL? Any insight into your reasons would be appreciated.
## If this post has been thought provoking for you, I'd really appreciate a bit of Merit in return ##
very nice thread here. the opening article brings a lot to the point.
sale or HODL? for me it's not so easy to answer. there are several factors involved
Hodl them if you don't need any money at the moment, but if you need money for daily expenses you are open to sell. There is no rules for token holder, but if the token price is rises up don't regret about it.
If I believed that the reward token I received from bounty will become profitable in hodling for long term then I am hodling it. But most of the token I received I am selling immeditaely once listed in exchange because it is common that the price is dumping in several reasons, like investors immediately seling their token if they already get a profit and jump to anither ICO and mostly bounty hunters are also selling immediately to convert into fiat specially those making bounty campaign as their source of income.
Hunters are the reason why the price of a coin dump after releases payment. If you will be like others that are getting money easy even at low there will be a big problem.
I am the one who doesn't sell coins right away and keeps it longer and makes the best price out of it.
Sometimes, I do buy and sell in exchange to make my coin numbers more. and once i get my desired number of token i make sure to set a sell wall and leave it.
I also keep hold of a coin until it reaches a high price. I actually anticipate every time the drop in price after release as many bounty hunters do it.
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