Topic: Bounty Rewards: Sell immediately or HODL? - page 63. (Read 7179 times)
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.
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 think that in the long run, it's riskier to hold those rewards. 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. If there's no announcement it could be judged by volumes as exchanges like to list tokens with big volumes and activity.
I more often than not offer it on begin since more often than not we get our abundance remunerate about a similar time when that coin is recorded on some exchange,then get it back at least 50 % bring down costs when it moves it ico witdrawal stage.This way despite everything I figure out how to keep my coins and still turn out from it with some reward cash.
You are correct to note that some persons are really in need of the cash and thus offload their coins.I don't do that.I normally HODL atleast 30 percent of my reward.It is my way of saving for the future.They are some I don't touch at all.HODL is how the rich play the money game.I learn from them
I still dont have my reward from the bounty campaign i joined but probably i will sell some of them to spend for our daily needs and save some if ever the price will go up.
If I believe that some of the projects will develop and have at least some advantage in their ideas, I will sell only part of the coins, the rest is just to keep! All other awards will sell as soon as they enter the market!
For bounty rewards, i think the best way to deal with them is to sell immediately you get your rewards. You know why? This is because, if you dont sell, other bounty hunters will definately sell theirs and bring the price down. So sell immediately and buy later when the others start dumping. This will probably let you buy more of the same tokens and make some profit as well.
Good strategy seling half on first day of listening token. Other strategy seling half when price giving your planned X(muktiple)
Example you expect from project 3x, and when he reach 2x sell half, then when price go selling one more time half, and 25% for future
Example you expect from project 3x, and when he reach 2x sell half, then when price go selling one more time half, and 25% for future
Sorry, but I don't think that, what you have described is good strategy.
In my experience is better to wait for a while and sell it out when you think it is the best time to do so.
This is a difficult question, but very important. Usually the best strategy is holding. If one of the projects is successful, then it covers the lost profit from the rest. But this is all very conditional. It is better to understand the project, and make the right conclusion. If money is not needed urgently, then it is better to wait a little.
I usually sell my bounty rewards if it reach my desired value. And i don't sell all my tokens i make sure that i have some in my possession. For future purposes and when the token become successful.
Personally , I will hold 50% and day trading 50% to get more profits
HOLDING : If you believe in the project
DAY TRADING : is to get more profits..... you can use these profits to buy coins more
HOLDING : If you believe in the project
DAY TRADING : is to get more profits..... you can use these profits to buy coins more
I keep all the rewards received as a result of bounty campaigns. As practice shows - I could get more if I sold immediately after receiving payments. But I participate only in those bounties, whose projects are interesting to me and I will be inflated by the price increase of tokens in the future.
If u have other better invest chance, u could sell it immediately. Now there is good campaign called CyberMiles. Its has a lot of campaign to celebrate its test network.
Its transaction fee is same as the NEO ---- no fees for transaction!!! The transaction only cost 10 seconds!!! The DApps of ETH could be run in the CMT net also. So that's why i recommend that.
Its transaction fee is same as the NEO ---- no fees for transaction!!! The transaction only cost 10 seconds!!! The DApps of ETH could be run in the CMT net also. So that's why i recommend that.
Your remark is quite reasonable. Really, it depends (firstly) on the coins you get. Some of them are not to be kept on the market, some of them are the next Ripple or AION. Secondly, it depends on what your views on crypto are. People who are not used to such amounts of money just tend to sell everything and cash it out. In the contrary, people who know how to deal with money will hold or not depending on the market situation.
You have spoken the minds of so many where their bounties when accumulated are immediately disposed to put foods on their table, especially in those Economies where the poverty levels are on the high side. The decision to either apply this or not is hence saddled with the present situation of the users therefore. Many may also take this action where they observed that the Bounties Distributors are becoming weaker and weaker and would not want to become object of ridicule if per adventure this project hibernate suddenly or remain redundant leading to their coins to shit in the market.
I only really sign up for bounties I believe in. For that reason I intend to HODL these tokens until the projects are realised. Selling at the optimum time in a few years
Good strategy seling half on first day of listening token. Other strategy seling half when price giving your planned X(muktiple)
Example you expect from project 3x, and when he reach 2x sell half, then when price go selling one more time half, and 25% for future
Example you expect from project 3x, and when he reach 2x sell half, then when price go selling one more time half, and 25% for future
I try to do 50 to 50. half of the award for the bounty, I sell immediately (because there are money needed), and half leave in the hope of future growth. With this approach, on the one hand you get real money for work, and on the other hand you leave something in investments
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 ##
My answer is both of them, if the coins you invest doesn't have bright future, then sell them immediately, don't wait, but on the other hand, if that coin you invest is for a long-term investment, then hold and wait, until it's price is going to the peak.
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