It's So painful don't sell
Before 5.60$ now 2.99$ but I have heavy hands And I bought when it was 0.9/1$ so Icn here we go !!!!
We cannnn
I'd see some point in selling if ICN was the only thing going down and there was something wrong with the project. But why sell now when the entire market is red and ICN is one of the few things with good chances of significant rise in the short run.
Take out your money from ICN now to invest in what? Stratis? Waves? AntShares? Everything is going down.
I am not telling you what to invest in. However, the smart move, for me, has always been to get my initial investment back and let the profit ride. To be clear, if you put a 100 dollars in ICN @ 1 dollar, you are up 199 bucks... get that initial investment back and move on, while leaving the "profit" in the coin.
Say you have a 100 ICN, sell
[email protected]=101.66 and think of that 76 ICN as icing on the cake. Heck, if ICN punches up to .01 BTC that is .76 BTC or at today's prices $1911.83
Of course, if you are one of those traders that always look at trade, later and say, if I had just had that other 34 (insert coin/token here)... I could have had a whole BTC... do not listen to me and just hold... and not that hodl crap have an exit price otherwise you are just guy with a bunch of money... that has no real value since you do not use it for crap you want or need if you are an adult (no offense is meant here... I am thinking of the guy/girl that buys the 60 inch television when they actually need to buy brake-shoes and gas or diapers).
This may be good tactic on most coins, but when I believe in project like Iconomi and that it will reach tens of $, than every 1 ICN sold now is a loss later. So I just HODL!
I guess the other thing I should mention is that I look at my BTC value too, meaning this, say I put in, .26 BTC in the ICO, not saying I did... when BTC was 750-850 USD.
I pulled the BTC value, way back when ICN was .60-.69 cents then they announced the buyback, without a lot of details, and ICN was at the top of its market or nearly at it, at that moment... the market dropped to like .32 cents a few weeks later. I bought back in.
I am in the green, a little bit, now, as you might imagine. I suspect it is just different trading strategies at play here, hodl can work, but there is a lot of money to be made on the way, in my experience and down. Also, I get burned too, when I get greedy, so it is part of the reason I stop trading after I make X amount of dollars and BTC on a token or coin, then I guess technically, I am hodling, too.