Topic: Exchange it or Hold it - page 31. (Read 8808 times)
I prefer to hold my coins because you never know when their price will be up and I might get some pretty good profits
In most of cases the amount of tokens is so low that fees for exchanging it are higher than gain... so best way is to hold and hope it will increase in value.
I have been holding from tokens from airdrops and bounty, most are just very small in value, am holding them for the future bull run, I had to buy more from the exchange as per the trusted projects. Hopefully in the future, I should get rewarded for holding.
I would exchange for the coin that I like best and in what I see perspective. I generally think that free cheese is only in a mousetrap.
Out of all airdrops coin that i've got there's only a few that has some value and that's only a little amount of money and because they give it for free it's very hard for the price to goes up unless there's real development regarding the project so i will just sell the token if i get something from airdrop because i don't want to wait and lose it all.
The choice is yours but I will hold the rewards from airdrops or Bounties that I got because there always be a dump from gainers. By holding it we are becoming a investor. And we give the project some time to develop.
I've been sticking to the strategy of holding them but with nowadays market and the alts being all down I'm starting to think of selling at least 50% of them.
Knowing that you could get free coins from Airdrops, would you exchange it once you got the coins or hold it until the vslue rises up?
I think it's really up to you. If you're satisfied with the price of the coin that you have, then sell it. But if not, of course try to hold it until the price goes up.
Since I adhere to the idea of cryptoanarchism, I prefer not to spend anything just like that, I think that the best option to save and multiply only HODL! And I advise you to do the same, because other options are useless.
In order to sell or not to sell tokens, it is necessary to understand whether a good project or not. If the project is weak, it is worth selling coins, but 10% to leave. If the project is excellent, then 10% can be sold, and 90% left for the future.
Usually come from airdrops very small amount of tokens, many peoples are engaged only in airdrops and merge at once, receive as a result the decent sum.
I usually look for news about the coin airdrop and I check the market to find out the coin price. if the price is good I will exchange it.
Its better if you study and research the project first before you decide. If the project behind the airdrop is promising and you think the idea behind the project is good and has a lot of potential, then I think the best thing to do is to hold your coin after you recieved it because its value has the potential to increase.
It think that the best thing you can do with tokens is selling them as fast as you'll see any decent price...such projects usually don't live long.
Well, of course if you have a promising coin or token coming from airdrops or any bounty campaign program i would definitely Hodl it because it take to bigger profit. Like who knows it take 3X or 4X the earnings.
if the coin I got already has a value I will sell it quickly and exchange it for a potential coin like ethereum
It depends really, if it is a shitcoin then yes definetly dump it, if it is a good coin with a bright future then no, hold it if you think it's valuable.
I always advise bounty hunters to act like investors. I'm a bull market, value of currencies can multiply, when it hits exchange. If you've researched know the currency and feel it has huge potential, then Hodl.
I'll analyze the project and the coin to see how promising it is. If the coin is promising, I will keep it until the price increases. If the coin is not really of great value and is not going to grow, then sell it and the sooner the better.
It is very difficult for coin to rise these days. If I am holding any coin aside from top hundred coin on coinmarketcap, and such coin miraculously increase in it's market price, I will be sealed as fast as I can to buy more quality coin with good prospect!
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