Topic: Bounty Rewards: Sell immediately or HODL? - page 75. (Read 7179 times)
It depends in the project of your bounty campaign you joined. If it seems like the project is trash and just like some other campaigns then the future of that project is cloudy and might be a scam in the future. but if the project is unique and the team is trustworthy then it has a high chances of success in the future.
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 ##
True to that mister. Many bounty hunters is just taking their time to provide their necessities in life.
Fiat money is what they seek. But as far as I know. The best solution for bounty rewards is to HODL
it. One of the reason is the transaction fees.
this depends on each individual's thoughts, and also the condition of the market at that time, if the market conditions are good, that means maximum price, then selling is the right step, but if the price of coin in the market is very bad, then preferably HOLD
Just like assets in real world, we usually hold them. The reason why we want to sell them it would only be either we want money or they are starting to become useless to us. Just like cars, what are the reason we will sell them? It is either we want to upgrade or we would rather sell them early than to wait in time where their price will be more less. Before selling your tokens, observe and know your reasons of selling.
Been doing bounties also since January and here's what I do "30% sell 70% hold" this way you won't regret if the price of the coin spikes and if it drops you already cash out something. Just hold your bounty coins and just cash out whenever you need money if you don't need money don't sell just hold.
Well here is how I look at it. If I was to do Bounty ever it would be because I believe in the company no other reason. What's the point of doing a bounty for some token that you don't believe in. So Yes I would HODL. Only time I would sell is if I don't believe in the Token anymore or if I see a better opportunity. If It's NO to both then I will keep the token and HODL
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 ##
I prefer to HODL but then you have a good point we are blessed to live in a part of the world where we don't NEED to liquidate our holdings to feed our families or pay for necessities. That being said here is an ICO I believe in, they are aiming to bring crypto into the mainstream of society. https://bitcointalksearch.org/topic/m.31823480
Let's face it, lots of us don't have the time or eagerness to study coins. There are some out there that curious enough to do this. And because of that, we tend to go out on a chat group/comments looking for answers. This way we decide to hodl or sell. This is also the reason many sell fast, they tend to follow what others are feeding on them. This is not best and should be avoided.
We couldn't blame those people that rely their decision based on what they have been fed to them. Majority of the people that earn their rewards through bounty tokens doesn't really intend to hold. They plan to sell it in the first place for other purposes, such as funds for trading investment or convert them to Bitcoin which they will trade to actual cash for easy money. Also, bounty tokens lifespan nowadays are much shorter compared before and only a few survive.
Technical Analysis is still the best way to know if you would need to Sell now or Hodl. If the word "Technical Analysis" scares you then lets use "Self Awareness". Be aware of what the coin is it. Then decide for your self. Sell All? Sell Half? Hodl All? Hodl Half? I think this is the best way.
While this idea is a better plan rather listening to other people's decision. Still, it depends on that person's current situation. When I was into bounty tokens, I only sell 1/4 for additional investment in trading and hold the remaining tokens. If there's an emergency, I will use those bounty tokens and not through my investment or actual savings. I only considered these bounties extra money and don't take them seriously compared to established coins.
I would most likely hold half of it and sell half of it but I won’t just sell them right away. But the other half is hodled for long term because you’ll never know that this coin might grow and cam potentially be successful in the future too.
I belong to a country wherein, most people are underclass level, in drastically in need of money to serve our biological needs, bills and the likes.
So when I participate and recieved my hard earned bounties,I wait for about a week and sell all the coin even though the roadmap isn't fully complete. I am not patient enough to wait and hodl for a bigger gains. The price is so volatile, and it will fluctuate at any time.
It really depends on your needs and your faith about the coin.
So when I participate and recieved my hard earned bounties,I wait for about a week and sell all the coin even though the roadmap isn't fully complete. I am not patient enough to wait and hodl for a bigger gains. The price is so volatile, and it will fluctuate at any time.
It really depends on your needs and your faith about the coin.
It honestly really just depend, do you believe in your project, whats the price expectation, Image a couple years ago if you got in bounty that paid, eth, bch, or ltc, bitcoin gold, etc, you would probably be a millionaire. If you dont start seeing production, or work being done within an expected time frame, or you think, they just gave up, dump and GET OUT!!!!
For me it depends.
Let's face it, lots of us don't have the time or eagerness to study coins. There are some out there that curious enough to do this. And because of that, we tend to go out on a chat group/comments looking for answers. This way we decide to hodl or sell. This is also the reason many sell fast, they tend to follow what others are feeding on them. This is not best and should be avoided.
Technical Analysis is still the best way to know if you would need to Sell now or Hodl. If the word "Technical Analysis" scares you then lets use "Self Awareness". Be aware of what the coin is it. Then decide for your self. Sell All? Sell Half? Hodl All? Hodl Half? I think this is the best way.
Let's face it, lots of us don't have the time or eagerness to study coins. There are some out there that curious enough to do this. And because of that, we tend to go out on a chat group/comments looking for answers. This way we decide to hodl or sell. This is also the reason many sell fast, they tend to follow what others are feeding on them. This is not best and should be avoided.
Technical Analysis is still the best way to know if you would need to Sell now or Hodl. If the word "Technical Analysis" scares you then lets use "Self Awareness". Be aware of what the coin is it. Then decide for your self. Sell All? Sell Half? Hodl All? Hodl Half? I think this is the best way.
As the guy above me said... You have to assess whether or not the project will survive. If you think there is a >50% chance it will survive and become profitable, Hold. If you think there is a <50% chance it will succeed, sell.
Actually, it depends on your own decision. If you start looking for a good project, I suggest holding the bounty you get, but if you think you are not optimistic about this project for a long time, I suggest Sell it immediately.I don't just participate in bounty compaign. I only participate in projects that I have long been looking for, so I usually hold the rewards.
It depends on the demand of your token that you got in bounty rewards if there is too many bounty applicants or members then you should sell it immediately because other applicants will be panick to sell and this will cause the dumping of your coin/token.
From what I've seen, many coins after being listed on exchange get dumped and have a dip in price. You have to realize a lot of bounty hunters are pretty experienced, so they could sell immediately, and then wait for the dip to buy more coins. They're probably not giving up on the project completely, just trying to buy the dip.
With all those token rewards I got from the bounty campaigns I participated I can say I still hold most of it. Maybe I had sold at least 20% of all the tokens I received from my bounties since I started late last year but many of it I am willing to hold even if it takes time. Waiting to reach the moon to give me good gains.
You could sell a percentage and hold a percentage. Sell 20-80% and hodl the rest.
I started doing bounties sometime around October last year when I made junior member here in bitcointalk and I have amass about 35 bounty coin since then. I never sold any coin. Although I regret my decision sometimes of not selling ( because my portfolio is down about 65%) I still believe of a brighter tomorrow. I have now resolve to sell them (those I have less faith in) immediately any of them moon and invest it on coins situated among the first twenty in coinmairkepcap. I think it's a wise decision. But coins like trade token, genesis vision, micro money, viberate, capp token and so others I really believe will stay with me still I decide to quit cryptocurrency which is probably NEVER!
You have to keep an eye on every project, your bounty can turn into 0$ in weeks or x10 also.
It depend to setuation if i need money for financial problem i will sell it immediately but if not problem i well hold it until price will go up i want to invest someday
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