Topic: Bounty Rewards: Sell immediately or HODL? - page 88. (Read 7179 times)
Sometimes i sell it if we don't have money to buy the important things needed in our house and if i see the price is high then i sell it immediately.But when the price is low then i keep on holding my bounty rewards and wait until the price becomes high.
I try not to sell coins/tokens unless I really need the money to invest in a new coin or ico or if there are some bad news about team/coin and I see no future for it. As I see it the more coins/tokens I have the bigger chance it is I will be filthy rich one day..lol
I would definitely do the same if by any chance the ICO campaign I'm participating turns out to be a huge success since its token value would definitely increase in value over time. I guess holding is both good in altcoins and tokens or any trading market ventures alike.
It depends but In my opinion you should sell it immediately, as long as you are doing bounty to get static income you should sell. There is much bigger chance that the price of token will go down than it will skyrocket. There is 1500 coin/tokens on coimarketcap, the probability that your token will hit at least 100th in market cap is really low. A bird in the hand is worth two in the bush.
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.
There is a third way, invest them in something else. Always is better if you reinvest or hold your tokens, not convert them into fiat. It really depends on you, what do you want, how do you want it, do you need the money now or you can wait 6-7 more months, 1 year max. Or you can sell 50% and hold 50%
Some people need to sell tokens for a living, and I am one of them. When I came up to the world of cryptocurrency, I did not have much money to be able to stay out of full time job. Now it is a little bit better, but I used to be waiting for the very first bounty token SO MUCH, because I was really in need. Some people may think that it was pretty irresponsible of me to go into crypto with nothing in my pocket, but I am sure that sometimes in our lives we take worthy risks.
I'm on the side of the holders.
The reason is simple:
- you can sell your tokens from 100 bounty campaigns at a price of X;
- you can wait and sell one of the tokens at a price of 500X.
Not even if you do not sell the remaining 99, it gives you a much greater profit.
Oyster Pearl PRL - good example.
The reason is simple:
- you can sell your tokens from 100 bounty campaigns at a price of X;
- you can wait and sell one of the tokens at a price of 500X.
Not even if you do not sell the remaining 99, it gives you a much greater profit.
Oyster Pearl PRL - good example.
honestly,I didn't hold my bounty rewards,as soon as i get it,i immidiately sell it because i really need money for my schooling because this is the only way for me to help my parents.
That's the point, it depends on what's your purpose of your Crypto Assets selling because you are the bread winner for your family.
Most of Bounty hunters aren't really making good earning out of there bounty stake tokens because of the expenses that needs to fulfill.
I decide to hold my Crypto Assets that were just came from the signature bounty campaigns that I joined few months ago and so I am thankful for my full-time job that totally supports my family's daily basic needs for the whole month for me to be able to hold my Crypto Assets as long as I want.
Now, I am holding more than $52,000 of worth Crypto Assets and they're still pumping and pumping week after week after week.
It depends on the situation, but people don't buy into ico to sell at the lowest or at the ico price. So I'd hold.
I agree and it all depends on the situation.
We better hold our bounty stake tokens if we don't know how to trade or while we still have no courage to sell them and buy some coins that has the potential to be the next top altcoins.
We should choose to hold if we care for our future and our Crypto Assets would help ur reach our goals in life.
I am holding Oyster Pearl PRL since November until today and I am holding more than $52,000 worth of Crypto Assets.
I have no Crypto Assets today like this when I decide to sell them off after they hit Crypto Exchanges last December.
Hold! I've had made a huge mistake and regret it really bad by selling my bounty reward as soon as I recieved it and now its value is doubled not to mention also ethereum. I would've earned triple the profit compared to my first trades which is a hard taught lesson for me.
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 ##
It would be nice to sell half of the tokens we have at the right time, and some of them we hold for long periods of time, but first we should be able to see future prospects about this token. 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 fully recommend to bounty hunters that they should hold all their bounty stake tokens because in the near future they will all pump up.
I've been participating signature and other bounty campaigns in this forum since last year on 3rd quarter and I received bounty stake tokens every month but I never sell them whenever they hit Crypto Exchanges as what most bounty hunters do. I always keep them always on my wallet because they're indeed pumping since I first have them.
Today, I am proud holder of over $52,000 worth of crypto assets and they're still pumping.
I had predicted that my Crypto Assets holdings would pump up as high as $150,000 to $200,000 by the end of the year and for me it's enough.
I've been participating signature and other bounty campaigns in this forum since last year on 3rd quarter and I received bounty stake tokens every month but I never sell them whenever they hit Crypto Exchanges as what most bounty hunters do. I always keep them always on my wallet because they're indeed pumping since I first have them.
Today, I am proud holder of over $52,000 worth of crypto assets and they're still pumping.
I had predicted that my Crypto Assets holdings would pump up as high as $150,000 to $200,000 by the end of the year and for me it's enough.
For me it depends a lot of the project, that a participated.
If the project is promising, but at the moment they do not have a ready platform, I will rather hodl, than sell. If there is a ready platform and depending on their road map there is no major thing in the upcoming 3-6 months -> seeeell
If the project is promising, but at the moment they do not have a ready platform, I will rather hodl, than sell. If there is a ready platform and depending on their road map there is no major thing in the upcoming 3-6 months -> seeeell
It depends on the situation, but people don't buy into ico to sell at the lowest or at the ico price. So I'd hold.
If you are confident with the project that it can grow potentially to the fullest in the future,the best thing to do is to hold until the develoepers has fully developed the coins,which may take a couple of months or even a year so then the price of your tokens would be huge
If I do not have confident on one project then definitely I will not engage myself into their bounty campaign. Yes, I always prefer to hold the bounty rewards for some time so that I can get the maximum benefits but this will be subject to my cash needs. If I will be having plenty of money in reserve for my needs then I will definitely will not touch bounty rewards. But practically I need more money than what I do earn from bounty campaigns hence holding for longer period is not possible for myself too.
It depends on your need. If you urgently need money you can trade your bounty rewards unless it is listed in some exchanges. If it is not yet listed in the exchanges then you should hodl it until it comes to live. But hodl the bounty rewards until it pumped and reaches your target price.
I'm just just sell 50% and then hold 50% of it then wait until it pump or when I'm satisfied on the price of the token and if you didn't sell it sometimes the value of the token becomes nothing if i we're you I will make a research about the project if I'm going to hold it for a long time or sell it for the short time the key for the success are hardwork and patience.
I finally did not make a decision to keep the tokens or sell them immediately after receipt. The question is complex because you do not know which of the coins will show good growth and which will remain at their previous level, and some may lose in value. At first I thought to keep all the tokens, but now I think that I will sell part of the tokens and some of which I am sure to keep and wait for their growth.
If you are confident with the project that it can grow potentially to the fullest in the future,the best thing to do is to hold until the develoepers has fully developed the coins,which may take a couple of months or even a year so then the price of your tokens would be huge
I've just started doing my bounty companies and I think that in most cases I will change new tokens for tokens of other projects. But of course in depends of some factors, such as quality of project, their team, roadmap and others.
I'm just just sell 50% and then hold 50% of it then wait until it pump or when I'm satisfied on the price of the token and if you didn't sell it sometimes the value of the token becomes nothing if i we're you I will make a research about the project if I'm going to hold it for a long time or sell it for the short time the key for the success are hardwork and patience.
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