All boils down to whether you believe in the project or not. You have to hold it if you believe in the project or probably flip it if it doesn't worth it .
My 2cent
Topic: Bounty Rewards: Sell immediately or HODL? - page 91. (Read 7179 times)
If you make a campaign and you sell immediately the small reward you receive, it means that you didn't understand the spirit of the bounty (or that you are so desperate that a so little sum can save your life...)
You need to imply in a bounty non just to obtain some cheap money, but because you believe in the project and you support it with your work, so you keep what you received and - if you have chosen wisely - in the future you will have a big reward.
You need to imply in a bounty non just to obtain some cheap money, but because you believe in the project and you support it with your work, so you keep what you received and - if you have chosen wisely - in the future you will have a big reward.
You have mentioned it bro. For me the main reason is to provide food for their family. Lets be honest, not all of us knows the money that can be earned through bounty campaigns. If a certain person earns big on his campaign and he badly needed money. There is no other resort, he would be opted to immediately sell what have he/she earned.
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 ##
In my own experience once i receive a reward from my bounty campaign,i hold it into certain period of time and i allow the development to make this coins become successful in the market and make this coin become profitable.some other bounty hunters need to sell there rewards coins immediately,because of there personal needs and wants in life,so we cannot blame them why should they eager to sell there bounty token.
Like others have said, if you were only doing the bounty for quick cash then you can dump. If you believe in the project and team's success, might as well hold for the valuation to rise before deciding to sell or not.
It is really depends on you,because if i were you,i will hold these tokens until they have reached their full potentials,because most of the developers of these new projects needs a lot of time so they can accomplish their roadmap and it takes months to years for them to do what they need to do,that is the perfect time to sell these tokens.
Same reason for me since i only invested time and effort and not my personal savings i prefer to 50/50. Sell 50% and hodl the remaining 50% in that case atleast a win win situation for me. The 50% that i sold i'm using to those crypto that i really like so that's my purpose of selling. But if my bounty is something that has unique tech i will hodl until a certain target value.
I have alot of companions in bounty which are selling their bounties immediately their primary reasoning is they have alot of crypto bounties and monitoring them day by day is additional task since they are doing the bounties full time and having almost 40-50 bounty work everyday and submitting reports really time consuming, so to eliminate that additional price and news monitoring time they prepared to sold immediately.
I have alot of companions in bounty which are selling their bounties immediately their primary reasoning is they have alot of crypto bounties and monitoring them day by day is additional task since they are doing the bounties full time and having almost 40-50 bounty work everyday and submitting reports really time consuming, so to eliminate that additional price and news monitoring time they prepared to sold immediately.
it's very strange to hear that many bounty hunters keep these coins for a long time, if you like earning money on a course, the bounty is not quite right
For me, I most likely HODL than sell. Because I already learned from my past mistakes. As soon as I received my token, I easily sell it. Then I saw that it pumped and I regret selling it immediately. I'm just so devastated, I didn't control my emotions. I was too excited to get my money, I'm not even in need of money that time. But now, I already know what to do. I changed my trading strategy and improve my technical analysis. We should not panic sell, we should sell when expensive. Just watch how the prices pump and dump, wait for the right time. If you really need money, then sell immediately. If not, don't.
Bounty programs are double edge sword for ICOs, understandably most bounty hunters would sold off to cash out. But i actually saw many good ico prices actually quite stable post listing, they company have to proactive with their bounty communities to build up greater hodl aspirations.
One should not sell bounty rewards if want to be millinery. But you may sell some rewards to fulfill your basic needs not for converting into fiat money.
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 is best to hold those bounty rewards until they reach a reasonable market value. It is not practical to invest our time in completing a campaign and then selling those rewards outright! I mean, we have been patient in participating in these campaigns, why not extend it further until the value hikes? Isn’t that the most practical thing to do? 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 hold all ICO airdrops and bounties.
Its depends on what your campaign supporting, because other token wont affect the market value of the coin in bounty distribution.In that case you can hold your coin.
I think it's really like a lottery thing.
At the beginning, you will never know if the bounty coin will become bigger or not.
If you sell it early, you will get fast money but might be small.
At the beginning, you will never know if the bounty coin will become bigger or not.
If you sell it early, you will get fast money but might be small.
its a good thing to hear that in in unemployment areas they could make a living by cryptocurrency, I appreciated crypto although other countries and peoples discredited crypto. And all I want to say to those who helped by crypto by earning some money for their living, keep fighting and learn more and more.
Since its a free coin, you can decide to hold it if the team are doing well and the value proposition is good.
For me i just keep holding my bounty tokens and not sell it unleash i realy need money just keep it and hold until the price goes up and wait for a good chance to have a good profit.
When I got into bounty newly about the third quarter of last year, I really never cared about HODLing any coin from bounty rewards rather was focused on making instant income from them, thus selling early. But now, I am a bit experienced and can now separate good coins from the not so much good ones and can now HODL those I believe in. As a starter the focus was to earn regular income from bounty, but as time progresses focus changed to making increased returns from bounty rewards.
I see myself to you brother because as soon I received my bounty I easily dump it and convert it to bitcoin but when I saw the coin that I sold gets pump I'm just so devastated and thought that maybe I should change my strategy. And now I'm holding every coin that I received in at least 6 months as I observe that the coin pump after it gets listed to some major exchanges and after they completed its phases.
In my opinion, it depends on the project of the coin. If the coin has the potential in the market and the ICO had a successful crowd sale I'll probably HODL it but if the coin is not that worthy of holding I would sell it 3 months after they gave the reward.
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