Topic: Bounty Rewards: Sell immediately or HODL? - page 54. (Read 7179 times)
I think hold. There are a lot of perspective projects like LuckyToken. And all what you get on bounty or airdrop have hold a few month.
If you sell all the coins after getting the Bounty campaign, the price of the coin will be greatly reduced, possibly lower than the cost of buying the ICO. I think that is a destructive act
it hard to say ,depend on your project ,when rewards have good prospects and potential, we can hold it,otherwise we can sell and switch to another coin.
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 ##
I think getting to know the project better could help in this circumstances. Even, partaking in a bounty is not just the only thing, you would have been lucky to find a better one that heads to the market, selling off the tokens is another issue. But when you truly understands what the project is about and its future prospect, there you may take some decisions. As for me, I don't go with the crowd, I let my objectives knowledge take charge before the decisions. 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 would see the tokens or rewards for making a decision. Because not all the coins are good to hold. Sometimes its better to sell them right away because the price will be dropped.
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 ##
I will hold a bit and sell 3/4 of it.I prefer to sell if i see that it has a small potential in the market because i have already seen some altcoins that lose its value due to alot of holders dumping.Its risky to hold most especially of it started with a very little amount. 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 think I will HODL it until get higher price. But sometimes I will sell immediately when I need money. Like i first time get my bounty reward and I immediately sell it to buy phone.
for me bounty gifts are very valuable. I choose to stay put and do not sell coins or tokens, unless I really need funds to invest in a new coin or ico. for me this is the best strategy, which gives me many advantages. almost any gift hunter who gets a free token will sell imediatly and will make the price fall.
if the amount gained is low (less than 100$), I will hold ...
if the amont is more than 100$, I will sell half (and hold Eth gained) and hold the rest....
if the amont is more than 100$, I will sell half (and hold Eth gained) and hold the rest....
I am looking for payments of two bounty campaigns right now. I will sell them as soon as possible when I got rewards. The bear market affects all coins. I can not see any possible reason for a coin go upwards in the market. Better sell them then buy back lower.
As I usually take part in the bounties of the promising projects that are expected to make some Xs after ICO finish, I hold them for long term. But of course there can be situations when I need cash immediately, so I have to decide which one to sell.
I will hodl my rewards if the price is at the low position and very cheap. But if the price is good and worth to sell, then I will sell them right away. If the project has working product then might it will rises gradually.
I sell them immediately if I do not really believe in the project, and put the money in projects I truly believe in. Sometimes, I participate in high-quality bounties (as DBrain) and I will definitely keep these tokens.
If you think that your coin or token is worth of holding then you must hold it to make double your profit and beside if the project is good then you should decide for your self if you are going to sell it or hold it or maybe you can sell some part of it then hold the other or you can sell it in the right time its your choice.
it depends on the state of the market. If the rate of those or other tokens is high and you consider it necessary to sell them, sell. but the main thing is that the project itself is promising. Do not run into the bridges!
Some people earn on this and they don't have enough time to track the information for 100 coins they received in bounty programs. So they sell. Another reason, this is the falling market, altcoins are depreciating much faster than the same bitcoin
Many projects are very successful, but the sale of Altcoin from bounty hunters makes their prices go down quickly. If you want to make more profit, you should keep them as you will help stabilize and go up, you also get more profit.
The fact that this place help a lot of family out side this forum. In fact I read a lot of thread here that they are so thankful with bitcointalk for they can now able to provide their family like foods, shelters, and and things that necessary including school payment. Sometimes to sell coins immediately is due to the fact of emergency case.
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.
I am attempting to offer my reward of bounties in light of the fact that in my portfolio just a few monetary forms and I would prefer not to be diverted by some other coins. This is the topic of accommodation for me incredibly.
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