If your coin increased 40% - 200% in value over night. What would you do? - page 30.

surgical_duude

member

Activity: 349

Merit: 10

Quote from: VenturaBro on March 24, 2018, 09:25:43 AM

Do you continue hodling or sell? A lot of people say to hold no matter what happens and I'm not advocating daytrading but I think in a situation like this, it'd be advantageous to sell.

Thoughts? What would you do?

I will sell, sell immediately. We hold to wait for its price to rise. If it grow 200%, I don't have any reason to hold it. Many people expect it to increase by 500%, 1000%, ... But for me, 200% is too enough.

Marioboro

member

Activity: 243

Merit: 10

I think in these kinds of scenarios, it depends on the level of satisfaction of an individual. One may sell since they think that this is already good profit. Others do not sell because they think that the value will increase far more greater so they hold it a bit more longer.

lkcoinstart

newbie

Activity: 42

Merit: 0

You don't sell long-term holds. You sell short-term holds. Are you day trading? Or are you not day trading? You decide. If you are watching the charts daily, you are probably closer to a day trader than a HODLer.

eugenefonts

member

Activity: 364

Merit: 18

Well i learned from my lesson in my past one year to crypto there is no forever pumping coin in the market so if my coin increased in value 40-200% overnight ofcourse ill take the opportunity to sell! Dont be stupid that coin will not forever pumping because im so sure it will dump once it reach its highest peak and will have its correction. Buy when you think its his lowest price then immediately sell again because sometimes it will pump and dump tripple time. Then wait for three to four days before it will make calm then buy again that coin and wait for the another pump.

Gelith

newbie

Activity: 32

Merit: 0

If i keep this coin as a long term investment, then i would do nothing. Because i am sure it can achieve much more and bring me greater profit.

XCryptoFund

jr. member

Activity: 42

Merit: 20

i really don't think daytrading is a good idea and generally prefer hodling, but i would try to take advantage of the unexpected situation and just sell. you never know when the coin might drop again so better act quick when possible.

phasngvx866

newbie

Activity: 40

Merit: 0

Good decision making is a big factor, you need to decide if you sell all of your token when the price pump. But for me I would just sell half of it if it increases from forty to two hundred percent and the half will be on hold to wait for the price to go to the moon.

poornamelessme

hero member

Activity: 1204

Merit: 509

It depends a lot on the situation. In a bull market, 40-200% can just be the start. Many coins have done the 10x thing.

However, short-term it may be better to sell, or partially sell, and buy back in.

And in a bear market like this, 40% seems like a miracle.

davidcrumble2

newbie

Activity: 54

Merit: 0

If your greedy well i am greedy i will still hold and when it goes down i would only say is , i should sell already at that time hahaha , but this is the lesson always sell on all time high, re buy at the bottom , do the cycle.

zikabra

full member

Activity: 574

Merit: 139

40% over night is very big price increase and I would sell, 200% over night of course I would sell but strategy is needed here, if my holdings would increase 200% i would sell only half and I would hold another half and wait for another increase but if coins begin to crash selling all is good option. To ad this to my post don't dream too much because this is unlikely going to happen.

100kk

member

Activity: 280

Merit: 10

To begin with, you should find out what exactly caused this price increase. After that, you should answer yourself to the question: "Is it possible to further increase the price of coin?". If the answer is yes, then I would not sell it. If the price increase was caused by rumors or positive news, then it is possible to sell this coin in order to buy it after an imminent fall.

shursight

hero member

Activity: 728

Merit: 500

I dont think that this needs to be discussed too much, if my coin increases by that huge amount of money, i would definitely sell them and then buy back when the price goes back to normal (after a huge increase, there is a huge downside, it happens most of the times)

Boldmaxx

newbie

Activity: 70

Merit: 0

That's a good thing. And that hardly happens these days though. For the question, It is a win win situation so I will sell to make a profit and just wait for the dip to buy back. If I fail to sell when in profit, others would do and dump on me, so whats the point.

pistachefreak

newbie

Activity: 87

Merit: 0

I will probably sell a part to recover some capital and then hodl to see how far it goes, if it was just a coin that I used to make money fast, I might sell it all, but if it's a project I believe in and want to see successful I hold out and buy back when the price goes down again, because as we saw during this year, such an exponential increase in such a short time is not sustainable.

hoanglann111

newbie

Activity: 54

Merit: 0

The market has high volatility that is why if i were you i would secure that profits or else it could be losses few hours from that gains,that is why we need to take it seriously whenever these gains has occured never let any chances to passed,take profits when you are satisfied because it could be losses all of the sudden.

TopDev

newbie

Activity: 98

Merit: 0

Quote from: susutao83 on July 07, 2018, 02:24:23 AM

I will sell immediately and wait for the dip, it may take days to dip down to my desired entry point but with patients I will buy back my position.

And what will you do if that coin never drops again? You'll regret selling everything when some of your coins go x10 and you sold it when it was only at x2. Think about it. Never sell everything.

bibitao69

newbie

Activity: 42

Merit: 0

I will sell it half of that my coins and then others half of it hold in a few week more because there are any chance the price will continue going up to 4 or 5 times more, because many altcoins was going up to 10 times in 1 or 2 month.

susutao83

newbie

Activity: 55

Merit: 0

I will sell immediately and wait for the dip, it may take days to dip down to my desired entry point but with patients I will buy back my position.

PolyAlpha

newbie

Activity: 28

Merit: 0

Quote from: VenturaBro on March 24, 2018, 09:25:43 AM

Do you continue hodling or sell? A lot of people say to hold no matter what happens and I'm not advocating daytrading but I think in a situation like this, it'd be advantageous to sell.

Thoughts? What would you do?

That depends on what the coin is for and what caused the rise. Of course if you can identify that it is a temporary cause, then selling is a good idea. But if the cause of the rise is in the coin's adoption itself, hodling would be better.

sieunhangao19

newbie

Activity: 99

Merit: 0

investing and holding for the long term is a plan, that's what I do. but if in a short time has given a big profit, I will sell it. then wait for the price back dump. because in essence is we get a profit from investment and trade. so don't wait for a long time, if in a short time has given a big profit.

Topic: If your coin increased 40% - 200% in value over night. What would you do? - page 30. (Read 36210 times)