If your coin increased 40% - 200% in value over night. What would you do? - page 54.

jinnyjinny

member

Activity: 280

Merit: 16

40 and 200 % of profit are different things.
With a profit of 40%, i'm unlikely to close the deal, but at 200% - the probability is high.

Usually in such cases, I sell 50% of the coin holdings to recoup the investment amount, the rest of holdings i'm going to hold for years in case of big earnings.

devnl

newbie

Activity: 7

Merit: 0

Definitely take some profits. How much depends on the percentage seeing as how 40-200 is quite a big range Wink

Perhaps set that aside to reinvest on a pullback or either re-invest that into another opportunity.

geverciss

full member

Activity: 280

Merit: 100

200% overnight would give us just 2x profit. Is it that profit everyone is looking for Grin

? I guess not.
The OP question should have been "If your coin increased by 20 times what would you do?" Only this math makes sense

FsJsxy

member

Activity: 233

Merit: 10

I would immediately sell because it is possible to go down. Then you can buy back with more profit. But it is better to leave part of the money in a coin, just in case.

bitcon

legendary

Activity: 2212

Merit: 1008

Quote from: VenturaBro on March 24, 2018, 08:25:43 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?

In this case, if I have a good amount of these coins I will definitely sell them. We all see now how the prices on the market can jump, and the falls are also very painful. I'd probably use my chance to earn money.
Anyway I have some coins only for long term holding, so with this part of cryptoes I will not do anything.

radar19

sr. member

Activity: 434

Merit: 262

Quote from: VenturaBro on March 24, 2018, 08:25:43 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?

some people say that after such rise definitely will be low. that is why you can sell on high and buy again when low. but there is a problem. you never know where market will go next. so my opinion - in most cases - just hold or sell everything and buy another coin.

valek.bruno

full member

Activity: 728

Merit: 104

I would probably sell what I had, in order to then buy again at a cheaper price, it seems to me that this would be correct, because if you understand what the stock exchange is and how it works, you need not lose the opportunity try to trade on it, I think this is a good opportunity.

rlcarriers123

newbie

Activity: 28

Merit: 0

I definitely sell them. It was instant cash. We don't if it goes higher or going down.

vitkamenev

newbie

Activity: 252

Merit: 0

You need to analyze the situation of this coin and make a decision! But more likely I'd rather hold a coin!

Nginende

member

Activity: 210

Merit: 10

It's a very controversial question, like you start to worry that you will suddenly fall down and not have time to sell, but there is also the possibility that growth will go on.

waywethe

newbie

Activity: 112

Merit: 0

Quote from: VenturaBro on March 24, 2018, 08:25:43 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?

Of course I will sell out to make sure the amount of profit I earned belongs to me. then I will wait until the price continues to go down again and I will buy again. That is the basic method but very useful for me

zeze18

sr. member

Activity: 938

Merit: 256

If a coin's price decrease that bad, there must be a reason, maybe the project is officially scam or ppl leave it because of a thing.
I will probably sell it to reduce the loss.

kwakufavour

jr. member

Activity: 167

Merit: 2

Contact me if you need a Telegram Moderator

Quote from: VenturaBro on March 24, 2018, 08:25:43 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 immediately than get dumped upon. If not all, at least I will take my initial investment in USD/sat/eth out then hold the rest.
I cant hold while the token is pumping for the last to be delisted. It's always wise to take your initial investment. You can use profits to invest in infrastructure projects which are down in price and accumulating.

Coltpython

member

Activity: 700

Merit: 11

I would buy a lambo... Just kidding. If I gain such profits over night, I would sell off then buy back at dip or look for another altcoin to trade. I love the excitement day trading brings. Many people would continue holding but to be on safer side its best you sell off at once unless if you are doing long term trading that requires you to keep hodling for a long time.

Augustyusuf

jr. member

Activity: 546

Merit: 1

haha, nice question, what else you think, of course i will buy an real asset like house or appartment, car, holiday and etc for being profit around 200%

tuansemazi

member

Activity: 294

Merit: 10

That depends on many factors, if you need to invest in another potential project such as you could sell or sell a part. If it's your idle it does not affect your other investment, you can hold it for higher returns.

Meimille

jr. member

Activity: 196

Merit: 5

If you are happy and ease with your gains you should take profits because you could lose anything
For me i would follow the price until reaches the maximum point and the sell the coins so i will get a maximum profit.

And i hope its a truly happen now Cheesy

Auto756

newbie

Activity: 196

Merit: 0

I think if this is a good coin, I advise you to hold it. And if not, immediately sell.

Golftech

hero member

Activity: 2128

Merit: 520

That's how important setting your target, so in order to see this movement you are already knew how to assess, being prepared will allow you
to reach your goal, and don't forget that greediness will hit you down, so in order to control set your target and if that already been hit then
move forward, whatever happen just be happy that you reach it and continue to follow that lead and enjoy your trading experiences.

abahcoin

full member

Activity: 657

Merit: 102

Quote from: VenturaBro on March 24, 2018, 08:25:43 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?

sell some back your capital and some profit, the rest you keep HODL for long-term investment. That's what I always do to get a high profit

Topic: If your coin increased 40% - 200% in value over night. What would you do? - page 54. (Read 36232 times)