Topic: Bounty Rewards: Sell immediately or HODL? - page 28. (Read 7178 times)
Although I love fast money, but I have to think further to be rich. If I sell all, I will have nothing. There are many successful people who start with nothing. They didn't have funds, so they have joined Bounty.
Everyone here makes decisions for themselves. In this case, I usually keep the total reward.
Because the token is usually sold at a very low price. Holding it for a long time will give me more benefit.
Because the token is usually sold at a very low price. Holding it for a long time will give me more benefit.
depends on the project itself, if it seems promising to me, then I leave the coin and hold, and if on the contrary I sell
Frankly speaking, I consider most tokens as assets. That preconceived mindset of selling rewards immediately is simply annoying. It shows most people are participating in bounty campaigns not becaause they love the project, but strictly because they want money. Even though you want money from it, I think we should allow time to pass by so that our assets can be of more value by the time we want to sell.
if I think we should check the website on ico in the bounty campaign if it has the potential to go up then we better hold it or if it has exceeded the price of ico better we sell as soon as possible, but for a beginner I advise not to hold their altcoin because of this high risk on the subject of thought when you lose your money!
You correctly understood everything. Someone needs money and immediately sells everything as soon as they have earned coins. Someone can keep coins for years! Again, you can wake up in 10 years and realize that your coin is worth several hundred thousand dollars.
For me, the bigger profit comes if you put off selling and hodl your token payments instead. Of course, the tokens that are paid to you in exchange of your tasks will not just grow overnight. It will take time. It cannot just find growth out of thin air. The growth of tokens is the result of the project releasing their products and services as indicated in their roadmaps and also the sealed partnerships of the project.
In the actual fact, you have some points but I will start by saying individual approach to bounty rewards from bounty hunting differs. I want to also state clearly that people have different perspective and needs when it comes to what to be done to bounty rewards. In my own opinion, I think people who sell their tokens immediately to settle their bills should not be blamed because there could be an emergency needs to attend to in which selling their tokens is their last option. Although I don't sell my tokens immediately but rather I hold. I will advice that it is better to hold our tokens until the price is favourable in the market before selling if better and greater profit is our expectation.
I think you should not sell bounty tokens immediately instead of this you should hold coins till some months to taking a huge profit.
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 ##
most people who just got to know this forum and follow bonty campaign an ICO made a mistake after a payment for example they just sell their tokens without a second thought when the token is not in the market 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'd only hold a portion even if I believed in a project's potential.
However, in the event that the token doesn't get listed in a big exchange following the ICO, I think that it'd be worth waiting for a better exchange listing if it has been announced.
However, in the event that the token doesn't get listed in a big exchange following the ICO, I think that it'd be worth waiting for a better exchange listing if it has been announced.
One of the most common questions - is it better to hold coins or immediately sell? Personally for me, the choice depends on the specific coin with which you work. If the coin is now worthless and has growth prospects, then it is better to hold.
At my opinion always better to hold bounty rewards because usually those tokens becoming expensive and you reciving an opportunity to get good money from holding.
Though many coins reduced when they are first listed on exchanges, but the best thing to do is to hold so as to avoid the falling in prices of the coins, and in a situation whereby someone is in need of money, one may sell higher percentage of it and leave the rest, they only thing is that you must be ready to bear the risk because it is either the coins value increase or decrease.
I think it’s depends on owner, what he/she wants! Also have to about market in his/her thinking at the same time. Anyone can choose anything, what they want!
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.
It all depends on the token, if you have collected little money, and the prospects are in doubt, then half exactly sell. But often part of the funds sell when the token is listed on a large stock exchange from the top 10
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Well, it depends on many factors.
Before you sell or buy something, learn something about it.
Look on MTC (Docacademic) price. Amazing what happened!
Before you sell or buy something, learn something about it.
Look on MTC (Docacademic) price. Amazing what happened!
After the ICO when I get the tokens, the price for them falls sharply on the stock exchanges, so I usually keep them in my possession for a long time.
I do not sell received tokens, because I believe that any project that received funding in ICO should develop its business - give it time and then decide whether to sell or not! In addition, I keep tokens of those projects where there is a passive income. Why kill a chicken carrying golden eggs?
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