Confused About what to do with a Pump and Dump token HODL/SELL - page 2.

tokeweed

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Quote from: BayAngelo on October 17, 2021, 03:39:23 AM

I am a little bit confused about what to do what a token that I am currently holding. the token has been pumping since Octuber the first. i sold half of it in September. currently the token has done over 500% since the beginning of Octuber. i am wanted to buy more but I know it is not advisable to buy when the marketing is pumping. I know. What is your suggestion on this project. i know the price will go down. the more I wait the more the price raises. The token isGOMA.

Following this tread to see what you guys will say.

Sell around 50% and get some money back, then set a trailing stop loss wide enough not to get you stopped out of the trade but not too wide that it eats way too much of your profit. Enjoy the ride.

Iceblast

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Quote from: BayAngelo on October 17, 2021, 03:39:23 AM

I am a little bit confused about what to do what a token that I am currently holding. the token has been pumping since Octuber the first. i sold half of it in September. currently the token has done over 500% since the beginning of Octuber. i am wanted to buy more but I know it is not advisable to buy when the marketing is pumping. I know. What is your suggestion on this project. i know the price will go down. the more I wait the more the price raises. The token isGOMA.

Following this tread to see what you guys will say.

I saw the goma token on coinmarketcap and saw the journey of the goma token from the start of the launch to the present, even goma doesn't have great potential in the future. why are you still holding on to the goma token if it's clear that goma doesn't have any potential. leave and put your assets in potential coins

doomloop

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When there is a situation like this one then you sell because there is a proof that they are a scam and you need to get out as quickly as possible. However, if there is a situation where it is a pump and dump token but it is not a token that is obvious scam (could fail anyway even when it is not a scam) then you could still make a profit from it and holding wouldn't be a bad situation.

There are so many decent tokens, then why would you care for a pump and token one? I mean if you could end up with something that is decent like bitcoin but lower then you should invest into something like that and not invest into something that is dangerous like a pump and token one.

adzino

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Quote from: BayAngelo on October 17, 2021, 03:39:23 AM

I am a little bit confused about what to do what a token that I am currently holding. the token has been pumping since Octuber the first. i sold half of it in September. currently the token has done over 500% since the beginning of Octuber. i am wanted to buy more but I know it is not advisable to buy when the marketing is pumping. I know. What is your suggestion on this project. i know the price will go down. the more I wait the more the price raises. The token isGOMA.

Following this tread to see what you guys will say.

The coin is already up 500%. You are saying its a pump and dump token (aka shitcoin). Then why are you even asking if you should invest more right now? That would be plain stupid thing to do. The price will dump soon and you will lose most of what you have invested. You might be thinking that why not just hold till it gets pumped again? Here is the problem, it might never get pumped again and die. Stop investing in those shitcoin and tokens. It's not worth the risk.

Furious 7

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Just avoid what @Jawhead999 found is enough to prove that they are not professional in the campaign so I think in the future this is not good and the token price could fall deeply because of the actions of the team.

Don't be tempted because the 500% increase could be hype created by the team, I know the market capitalists are quite large but I still doubt it with the GOMA token.

If you have made a profit and have leftovers in your pocket, it is better to sell it and look for more potential tokens.

Beparanf

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Quote from: BayAngelo on October 17, 2021, 03:39:23 AM

I am a little bit confused about what to do what a token that I am currently holding. the token has been pumping since Octuber the first. i sold half of it in September. currently the token has done over 500% since the beginning of Octuber. i am wanted to buy more but I know it is not advisable to buy when the marketing is pumping. I know. What is your suggestion on this project. i know the price will go down. the more I wait the more the price raises. The token isGOMA.

Following this tread to see what you guys will say.

You are currently on profit, This is not dilemma that you need to worry about. Sell it in tranches and just retain a percentage of token that you are willing to risk/lose. Don't buy back on the token that pump so hard unless it already finished the correction phase. Actually you are doing good since you are still holding half of your tokens. Don't FOMO if you are having a profit, It's much painful holding a token because you are losing its value rather than taking profit while the coin still pump. Profit is a profit and no one can predict the exact price when it will reverse the market.

Silberman

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Quote from: BayAngelo on October 17, 2021, 03:39:23 AM

I am a little bit confused about what to do what a token that I am currently holding. the token has been pumping since Octuber the first. i sold half of it in September. currently the token has done over 500% since the beginning of Octuber. i am wanted to buy more but I know it is not advisable to buy when the marketing is pumping. I know. What is your suggestion on this project. i know the price will go down. the more I wait the more the price raises. The token isGOMA.

Following this tread to see what you guys will say.

If you are worried about holding those coins for any longer but at the same time you are worried of leaving profits over the table then it is possible the best solution here is a compromise, basically sell half of your remaining holdings, this way if the price goes down then you have secured a part of those profits and if the price keeps going up then you also still have some coins that allow you to benefit from it, it is not the optimal solution but I think it is the best one you can hope to execute.

haidil

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What do you mean by this token? https://coinmarketcap.com/currencies/goma-finance/
If you have partially sold it and have made a profit then I don't think you should buy it back when you don't see a good move. Because after doing the pump about 500% obviously needs another big boost. Since this belongs to the Shitcoin group I doubt if you hold it in the long term but seeing the prospect of this token it will not return at all with the same increase. Such is the risk of playing on Shitcoin you only need to play while given the opportunity and then as hard as possible.

Vaskiy

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The respective token have got good trading volume. So, if you're planning to hold/buy more GOMA keep trading it occasionally. Everyone won't be lucky to profit out of such dump and pump tokens. There were more similar cryptocurrencies that was valueless in the beginning, but over a period of continued development make the market pump high. Think of different factors associated with the particular token before investing further.

khiholangkang

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Quote from: BayAngelo on October 17, 2021, 03:39:23 AM

I am a little bit confused about what to do what a token that I am currently holding. the token has been pumping since Octuber the first. i sold half of it in September. currently the token has done over 500% since the beginning of Octuber. i am wanted to buy more but I know it is not advisable to buy when the marketing is pumping. I know. What is your suggestion on this project. i know the price will go down. the more I wait the more the price raises. The token isGOMA.

Following this tread to see what you guys will say.

Don't be greedy, when the token is being pumped, we better sell it and stop for a moment to look at it. Turn your attention to other tokens that you can still buy, return to the initial token if the price has been dumped.

Ararbermas

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Quote from: BayAngelo on October 17, 2021, 03:39:23 AM

I am a little bit confused about what to do what a token that I am currently holding. the token has been pumping since Octuber the first. i sold half of it in September. currently the token has done over 500% since the beginning of Octuber. i am wanted to buy more but I know it is not advisable to buy when the marketing is pumping. I know. What is your suggestion on this project. i know the price will go down. the more I wait the more the price raises. The token isGOMA.

Following this tread to see what you guys will say.

its a actually a good idea to buy while pumping because it will increase your profits percentage , but keep on eye on the growth rate if it will increase more or not as well if you don't want to lose your money from the volatility.. It happen to me actually and it's like i give money to someone without return.. Lol so be careful mate..

bitgov

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Quote from: BayAngelo on October 17, 2021, 03:39:23 AM

I am a little bit confused about what to do what a token that I am currently holding. the token has been pumping since Octuber the first. i sold half of it in September. currently the token has done over 500% since the beginning of Octuber. i am wanted to buy more but I know it is not advisable to buy when the marketing is pumping. I know. What is your suggestion on this project. i know the price will go down. the more I wait the more the price raises. The token isGOMA.

Following this tread to see what you guys will say.

In order to avoid such dilemmas in the future, you should set your investment goal in advance. When the price of a coin becomes very dynamic, greed can get you down.
In this situation, I would advise you to now set the upper and lower level of the price for which you want to sell this coin and implement this plan.

poodle63

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Quote from: BayAngelo on October 17, 2021, 03:39:23 AM

i am wanted to buy more but I know it is not advisable to buy when the marketing is pumping. I know. What is your suggestion on this project. i know the price will go down. the more I wait the more the price raises. The token isGOMA.

You're still holding 50% in your wallet and why should you feel worry about that? you can also divide your 50% to be sold again at the peak price and waiting for the dump to come again soon. As far as i know this token has very bad reputation caused by it was deceiving people who have been working with it.

Quote from: BayAngelo on October 17, 2021, 03:39:23 AM

Following this tread to see what you guys will say.

You can still use the rest of your token for long term if you believing in this project but buy back when the price was so high was not advisable. You can try to use your money to buy a new token that has the same potential with it. This is a better thing that can be done by you rather than try to bet your money to buy at peak price. What will be happening when it will be going down to the bottom again. You will get double loss.

feelideb

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If you think the token you are holding is pump and dump token, you should get rid of it as soon as you can because such token may plummet considerably and you would probably be left with a bag depending on how heavy you went in! There should be no room for attachment to such token, you should get rid of it asap!

aprilnot

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that's what i have to say, when new tokens are pumped and you're too late to buy. don't buy, no matter what. You're late and there's no second chance. remember this. judging by your case, you hesitate and sell it. and you still want to buy because you see the potential of the pump in the future. this is a big mistake, you will lose if you think about buying in such a situation. better not try to take the risk, after all you already get the profit.

Stalker22

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Although I have no idea what kind of weird pumping is currently happening with the GOMA token, I tend to agree with the majority of the members here. A scam accusation from a reputable bounty manager is never a good thing. The topic mentioned by Jawhead999 seems to suggest that the GOMA team is incompetent and/or dishonest and that they haven't fulfilled their obligations to bounty participants and their manager.

@BayAngelo, I would dump most of the tokens if I were you. Of course, it's possible that the token will pump even harder, but you can never be sure. A rug pull is inevitable at some point.

BIT-BENDER

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Quote from: Oshosondy on October 17, 2021, 03:45:35 AM

Well you have gambled with your money and make profit from the token that you bought, I will advise you to leave gambling with tokens if you have made money there now, just buy bitcoin and hold for good.

But try to wait and see what will happen this period because the price of bitcoin has increased, but anytime you want to invest, hodl bitcoin and leave shit coins.

I will think of Bitcoin as a newbie from the beginning, but from the OP thought I don't think he/she is excited about Bitcoin, I think the person is an investor that keeps trying alt-coins and always want to gain profit short term from it, like you said about gambling, I think the OP don't understand how insecure he/she is with Goma coin than Bitcoin, investors looking for quick term profits from uncertain tokens like Goma should make preparation for lose.

pakhitheboss

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It is better to do your own research rather than asking for an advice in financial matters. As per my research it is another shit token which is pumping like other token. Not sure how long it will pump but if you are happy with the profit then sell majority stake and leave some for the future. Be careful these tokens do get dump suddenly.

BayAngelo

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I am loving the replies. i am dumping and keeping a little bag. thank you guys. keep the communication open, please. i am dumping 20% of my hold and waiting to see the outcome. thank you guys once more. it is not easy to make this decision. the bull market looms and we might see how this project(SCAM PROJECT) please, move on.

Magicalking

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I agree with Jawhead999. Traders have a target for each trade, I want to believe you have in mind a selling range for this token. Do not expect too much from pump and dump tokens. Sell off while you can, you already made profits don't be greedy. Buying the pump is not advisable. Secondly there is a scam accusation against the team on the forum. That should show you where their credibility stand. If a company can shamelessly deny payments to bounty hunters who worked for them they can easily do the same in any other case.

Topic: Confused About what to do with a Pump and Dump token HODL/SELL - page 2. (Read 293 times)