How do you make your HODL or dump decisions? - page 8.

smyslov

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Quote from: LemonMaker on June 22, 2021, 02:53:33 AM

I've been holding this token called 'SUBX' for a while now, maybe a month. Quite a big bag of it. I'm not sure if I should continue holding or let go and take what i have.

I believe in the project, but it hasn't been doing well in terms of price.
Utility wise, they already have 4 apps released and doing work with universities so I am confident it won't be a rug pull.
Reflections are delicious and community is nice.

But whales that bought during presale got impatient and left, and with the market bleeding past few weeks the price is slowly declining. Team says they are looking long-term with real utility (which they do deliver) but that doesn't directly relate to price does it?

Some words of advice would be really good. Thanks.

Some projects take years to take off, I experienced holding a project for a year but in the second year it takes off, you really never know until you follow the coin that you are holding, you can decide to dump it if you are not patient enough to HODL and wait for its full development it's really up your patient on how long you want to lock your investment to that project.

isaac_clarke22

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Quote from: bitgolden on June 25, 2021, 01:49:33 PM

~

Kind of different for me.
Reputated projects is still like walking on egg shells and that reputated might blackout anytime and would turn against their people just for money. Either it would be exit scam or leaking of data if there was KYC stuffs involved.
I'll just based my HODL and dump decision primarily on my "DYOR" mindset.

Anonylz

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Quote from: LemonMaker on June 22, 2021, 02:53:33 AM

I've been holding this token called 'SUBX' for a while now, maybe a month. Quite a big bag of it. I'm not sure if I should continue holding or let go and take what i have.

I believe in the project, but it hasn't been doing well in terms of price.
Utility wise, they already have 4 apps released and doing work with universities so I am confident it won't be a rug pull.
Reflections are delicious and community is nice.

But whales that bought during presale got impatient and left, and with the market bleeding past few weeks the price is slowly declining. Team says they are looking long-term with real utility (which they do deliver) but that doesn't directly relate to price does it?

Some words of advice would be really good. Thanks.

Patience is a virtue not everyone possess, for example, those who sold their btc, eth, bnb and so forth because they seem to be tired coz the price at that time was not moving have since regretted their actions, same thing happened with dogecoin, (am just citing an example of not being Patient, it doesn't mean the project you refer will behave same way) but maybe something good will eventually come out of the project long term as long as the team keep developing and expanding,
The decision is yours whether to sell now or hodl and see what the future hold, the market at the moment is not very friendly hence the more reason to hold.

iged_war

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Quote from: ?? on ??

Quote from: tvplus006 on June 26, 2021, 04:27:17 AM

Quote from: Fivestar4everMVP on June 25, 2021, 03:28:37 PM

...So if you believe in the project, and you are sure the team have no chance of abandoning the project half way, then why do you want to sell at a loss? Better to keep hodling.

The main reason that investors sell their coins at a loss is that they want to limit the growth of this loss. And if the price drop continues, the investor has a good opportunity to buy this coin again at a lower price. Thus, it turns out to increase the number of coins for the same money.

this is very precise. it's just that sometimes people who sell quickly will also regret it when prices go up again. however, many people are still holding on because they believe in the coins they have, and I did that too. At a time like this, I still think calmly and wait for the pump price to return.

if after cut loss price still soar we should not worry, since early trade we have plan to manage the risk that may occur. dicipline with our plan will help us to avoid big losses if market continue drop. we could recover any time when we see good opportunity and it will occur evertime we were in market.

jambul_kribo

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Quote from: tvplus006 on June 26, 2021, 04:27:17 AM

Quote from: Fivestar4everMVP on June 25, 2021, 03:28:37 PM

...So if you believe in the project, and you are sure the team have no chance of abandoning the project half way, then why do you want to sell at a loss? Better to keep hodling.

The main reason that investors sell their coins at a loss is that they want to limit the growth of this loss. And if the price drop continues, the investor has a good opportunity to buy this coin again at a lower price. Thus, it turns out to increase the number of coins for the same money.

we called accumulate, usually profesional and expert traders will use this strategy to avoid loss in dollar value. for long term investment by accumulating coins with same value money will make our investment get huge return. but mostly it work for project that have good utility, and dont rebuy for shitcoin.

tvplus006

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Quote from: Fivestar4everMVP on June 25, 2021, 03:28:37 PM

...So if you believe in the project, and you are sure the team have no chance of abandoning the project half way, then why do you want to sell at a loss? Better to keep hodling.

The main reason that investors sell their coins at a loss is that they want to limit the growth of this loss. And if the price drop continues, the investor has a good opportunity to buy this coin again at a lower price. Thus, it turns out to increase the number of coins for the same money.

Rengga Jati

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Quote from: J1mb0 on June 25, 2021, 12:50:43 PM

Participating in new projects can often bring you great profits, but it also comes with a lot of risks.
I myself often dump such projects as soon as I see the risk, because most such projects will become a pile of garbage.

You are right mate. Moreover, if we are new, it is better not to be involved with this kind of token or project, I am sure that many beginners lose their money because of this kind of project, only interested based on FOMO.

And, Seeing from the trading volume and its exchange only in one exchange, I am really sure that this will be another shitcoin again.
And probably the chance to get pump price has ended.
We all know that this kind of project will commonly only make a pump high once it is listed in the exchange. But it will suddenly be dropped after several hours. that is why we must be very careful when trading it, not recommended for beginners or even long-term holding, moreover, if we don't know enough about the fundamentals of the projects.

tabas

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Quote from: J1mb0 on June 25, 2021, 12:50:43 PM

Participating in new projects can often bring you great profits, but it also comes with a lot of risks.

This is what I don't prefer. If it requires some capital, I wouldn't get on in and I'm very much satisfied with the current cryptocurrencies that belongs to my portfolio.

Quote from: J1mb0 on June 25, 2021, 12:50:43 PM

I myself often dump such projects as soon as I see the risk, because most such projects will become a pile of garbage.

That's the normal thing to do if you're aware of the project you've participated is going to be dumped soon or don't have the potential in the long term.

Fivestar4everMVP

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Well, my advice is that if you believe in the project and you are really sure the team behind the project is working hard to bring some value to the project, then I advice you continue to hold with patience, as we all already know that nothing good comes easy, those who made big money from bitcoin held it for over 12 years, while this can be hard to do but then, the gain was worth it, its absolutely wrong to have this mindset of buying or investing in a coin just because you think or you want to it to moon as soon as after you've bought, people with such mindset always end up disappointed in one way or the other.
So if you believe in the project, and you are sure the team have no chance of abandoning the project half way, then why do you want to sell at a loss? Better to keep hodling.

acdc

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This depends a lot on the project you are in, there are a lot of projects dumped but if the development team is still working hard then I think keeping the coin can make you recover your capital or even even profitable.
If the development team disappears, it's best to sell immediately.

bitgolden

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Quote from: BobK71 on June 25, 2021, 01:12:39 PM

Basically everyone does a crypto analysis and looks at his previous trading charts. I also do make a decision by analyzing the chart. And am along with that follow various news.

So, based on news you are making your decisions of holding or selling? I believe I will never follow such tactics because my holding decisions are based on reputation of the project and definitely not related to technical things. It means if the project is good and having good past performances then I may decide to go for holding them rather than looking for short-term profits and one good example here must be cardano.

Moreover, when we are clear about when to dump then we can easily find out what are good coins and tokens to be holding. I am simply holding only bitcoin and a few other altcoins and all my other coins and tokens are only for short-term dumping.

BobK71

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Basically everyone does a crypto analysis and looks at his previous trading charts. I also do make a decision by analyzing the chart. And am along with that follow various news.

CryptoYar

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Quote from: LemonMaker on June 22, 2021, 02:53:33 AM

I've been holding this token called 'SUBX' for a while now, maybe a month. Quite a big bag of it. I'm not sure if I should continue holding or let go and take what I have.

TBH, I've never heard of this token name before. But this is what I would say for you. If you have faith in this project. And you did good research before buying it, so you can hold it. Otherwise, you have many more choices which top 10 coins in which you can get good profit in long term.

MCDev

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Quote from: blockman on June 22, 2021, 03:04:01 AM

Is it this token? (https://www.coingecko.com/en/coins/startup-boost-token)
I advise you to dump it as soon as possible.

I agree, for junk coins the best thing to do is get out as soon as possible.
Most of such coins will quickly become a pile of garbage and the development team will just leave it alone.

J1mb0

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Participating in new projects can often bring you great profits, but it also comes with a lot of risks.
I myself often dump such projects as soon as I see the risk, because most such projects will become a pile of garbage.

gurunanakji777

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As such majority of the coins are bleeding even I checked SUBX it's a very low-volume coin so you should always check the volume before investing in any coins. If you are saying it has a good community so you should wait some time and should not sell your holdings now you have to wait for bull movement of the market I hope your coin will also get some momentum when the market will start to improve so it's better to hold rather than selling in panic it's just my opinion.

SacriFries11

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Quote from: Jaered on June 22, 2021, 06:50:12 PM

Look at the substance of the project, the potential and the composition of the team(which might deceitful). Also trading volume and the caliber of listed exchange are all indicators to the longevity of the project. Good luck with your choice

I think the project has potential. It needs time for the project's development and I think it's very early to consider an option to exit right now. The project team needs to update their investors on what their planning to do with the project. The project team is also transparent and well organize, you can see their faces and their expertise on the website which is what investors looking for. If OP really doubt with the decision that he made which is he put too much money in this project, he can sell 50% of the token so that he can still have the some amount if something goes wrong.

Godwinpaul

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When you hold a large number of tokens, it's best not to dump, if the project development is top-notch and the developers are still working on it. We really can't say if the future of the project would be great, but looking from the conviction you have on the project, it's best to hold for a while more.

bitcoin_bob

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Thats simple. If coin is from top 50 CMC then it will recover in the next cycle with 99% probability and i should hodl it

marilynmanson21

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holding one coin is the right choice if you look at the current market, where bitcoin reaches a price of 25k$, so that it has an effect on other altcoins, currently I only hold the top 5 coins after btc because if btc gets deeper it will still be stable and still have value if necessary

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