I'm dumping my coins because.. - page 2.

Mauser

hero member

Activity: 2002

Merit: 534

Quote from: akirasendo17 on February 05, 2021, 04:07:42 AM

I don't think it considers dumping at the first place in my part, I sold some of my holdings to take profit and for my coins not to sleep, its really the reality that people hold their coins, and sell when it already profitable, for people who just get into crypto, it's dumping in some sold the coins, but in reality, everyone does that to make a profit if someone told you that they just want to hold and not sell because they don't care of the value its 100% lie.

I agree with you, dumping is more like selling all your coins to get out of the market. You don't really care so much about the prices and how much you are losing, in general you expect lower prices in the future so it is all about just getting out of the coin. Taking a profit is a good and necessary for a trader who wants to increase his portfolio. Only when selling and switching to a different coin we can make long term profits. With a HODL strategy we might make profits if prices go up but we won't get new coins like that.

Cengghengmania21

jr. member

Activity: 406

Merit: 1

Quote from: coin-investor on August 07, 2020, 01:13:18 AM

I'm usually a holder I still coins and tokens I've got from Bounty campaign just like the two of the just recent projects I've participated in I'm still holding both of them but there are instances in the past that I dump my coins/tokens because
The coin is not progressing and I want to buy coins that has more potential.

So what is or are your reason why you are dumping your coin?

I don't understand how to get rid of coins that have no sale value from my personal wallet. So if I know how to dispose of a non-prospective coin, I will throw it out of my personal wallet

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: ?? on ??

Quote from: Apnaworld71 on February 02, 2021, 01:34:54 PM

Everyone in symbolic activities and abundance dumps.Eventually the task will quit creating at all and the devs may begin unloading the tokens/coins they hold.I never hold the greater part of my tokens from abundance just those I think with potential.Holding tokens are not awful methodology you simply need to know whether that ventures are useful for long haul.

Yes, and usually people who hold tokens for a long time are people who already know very well about the ins and outs of a project and its development and also know the project team well, obviously holding new tokens in the long term is very risky and it is not a choice very good, so most people only choose potential tokens, this is a very common thing.

People are rushing to buy and sell new tokens that they've got.

The market is full of short term traders, those who are trying to ride with the flow. Many projects failed in the long run so basically investors
are really aiming for quick ride and sell once they've seen decent profits, they are no longer interested waiting as they know that if the project failed to perform they will waste money and opportunities.

akirasendo17

sr. member

Activity: 1106

Merit: 310

I don't think it considers dumping at the first place in my part, I sold some of my holdings to take profit and for my coins not to sleep, its really the reality that people hold their coins, and sell when it already profitable, for people who just get into crypto, it's dumping in some sold the coins, but in reality, everyone does that to make a profit if someone told you that they just want to hold and not sell because they don't care of the value its 100% lie.

Henrobakkara

full member

Activity: 1512

Merit: 115

The reason I immediately sold the tokens obtained from the bounty was because I didn't really like holding new tokens because most of them were just pump and dump, I prefer to exchange and buy high capacity altcoins such as ethereum and BNB
but if the project has good potential then I will continue to hold, one of which I hod until now is YOUC

criket

full member

Activity: 896

Merit: 100

Quote from: ?? on ??

Quote from: Apnaworld71 on February 02, 2021, 01:34:54 PM

Everyone in symbolic activities and abundance dumps.Eventually the task will quit creating at all and the devs may begin unloading the tokens/coins they hold.I never hold the greater part of my tokens from abundance just those I think with potential.Holding tokens are not awful methodology you simply need to know whether that ventures are useful for long haul.

Yes, and usually people who hold tokens for a long time are people who already know very well about the ins and outs of a project and its development and also know the project team well, obviously holding new tokens in the long term is very risky and it is not a choice very good, so most people only choose potential tokens, this is a very common thing.

You are right, long term is the most appropriate asset for a long time in the market and is trusted. even projects that have lasted 2-3 years running on the market can end up being a scam. stay careful what we choose. if in doubt it is better to choose an asset that is sure to have a large trade.

Janation

hero member

Activity: 1722

Merit: 528

Quote from: Apnaworld71 on February 02, 2021, 01:34:54 PM

Everyone in symbolic activities and abundance dumps.Eventually the task will quit creating at all and the devs may begin unloading the tokens/coins they hold.I never hold the greater part of my tokens from abundance just those I think with potential.Holding tokens are not awful methodology you simply need to know whether that ventures are useful for long haul.

That is so true.

There are a lot of coins in the market and you will never know which one is the best. Some of them are legitimate and most of them are just a scheme to get a lot of money from their investors. We should be really careful because there are also instances that investors would just drop their coins just to gett back their money or get a profit.

Apnaworld71

jr. member

Activity: 406

Merit: 1

Everyone in symbolic activities and abundance dumps.Eventually the task will quit creating at all and the devs may begin unloading the tokens/coins they hold.I never hold the greater part of my tokens from abundance just those I think with potential.Holding tokens are not awful methodology you simply need to know whether that ventures are useful for long haul.

1l1l11ll1l

legendary

Activity: 1274

Merit: 1000

Quote from: ?? on ??

Quote from: sayaya17 on January 24, 2021, 06:22:40 PM

It's a lot of projects resulting from bounty projects. Sometimes I keep them for a while, but when they do pumping I don't immediately sell them
and wait for the price to get higher. But indeed we can't predict what will happen in the coming days. I am late selling tokens from a bounty project
that I joined a few years ago. Now the coin has no value. It turns out that the team did a fake pumping to do the coin disposal they had.

If you buy coins for long-term storage, then you shouldn't sell coins at all. Let them stay up to the most favorable conditions for exchange. You can sell cryptocurrency at any time.
You need to sell in order not to get into a long correction or decline in the rate.

There are some projects that do not last long to the market, because many projects only last a year or 2 years. although it is a long term, but if you are already profitable I think it would be better to sell it, don't waste it to get a profit

giammangiato

legendary

Activity: 1862

Merit: 1327

Quote from: Hobo66 on February 02, 2021, 01:27:34 PM

My strategy is to sell token immediately when receive from bounty because large amount of token distributed to hunter which cause huge dump.
If token are not aold at time then you have to wait for 2 or 3 month to sell at good price. I experience this kind of issurle with youengine,amepay and Dego token.
Holding BNB,BTC Eth is good than shit tokem.

Your strategy is the same of mine, I sell token instantly and when everyone dumped all I buy again it at lower price, but only if the project is good. But sometimes go in a different way. Give a look to the UNI price during the Uniswap airdrop... the price went up and not down in the days after!

Hobo66

hero member

Activity: 1344

Merit: 502

My strategy is to sell token immediately when receive from bounty because large amount of token distributed to hunter which cause huge dump.
If token are not aold at time then you have to wait for 2 or 3 month to sell at good price. I experience this kind of issurle with youengine,amepay and Dego token.
Holding BNB,BTC Eth is good than shit tokem.

FahriZah

member

Activity: 485

Merit: 10

I intend to hold not many level of tokens and coins I procured from abundance tasks and sell greater part of them, quality issues yet the future can be so capricious, sell numerous and hold not many, for instance on the off chance that you acquire 20,000 tokens sell 15,000 tokens and keep the trust the jury to decide wisely

Janation

hero member

Activity: 1722

Merit: 528

To be honest there are a lot of reasons why I dumped most of them.

But I will just be telling the two reasons:

1. It is starting to make a huge price drop that led to its death. Most of the coins I invested in the past are those coins that are just starting. Some of them are giving me profits in the long run but most of them fell when the coins were distributed. Sometimes I stay for a while and if I don't see any improvement from that, I sold them. There are some that improved but most of them died.

2. Because I needed it. I know that we should just invest what we can lose but there are those times that I really needed my money. Don't get me wrong though, I didn't sell them because I invested all of my money in them, it is just because they are also doing well so I am having my thoughts of selling them then something comes up and I needed it so since it is giving me profits, might as well sell it since I also need it.

adekogbe

member

Activity: 854

Merit: 21

The possibly times when I dump my coins are the point at which a project I've stupidly invested in has gone totally quiet. So I just sell a coin that is dead weight, when I can counterbalance the misfortune it has caused through some other resource for comparable measures of my capital investment in the coin that I am dumping. In addition whatever I can make off the dump, is then my benefit.

On the off chance that my vibe it's an ideal opportunity to sell the coins you have I think it's anything but a difficult that is excessively mean on the off chance that I sell at a price too low, at that point this will be an issue for the fate of coins with a worth that isn't good and will implode projects and price genuine will be annihilated then all that will be truly good if the dump keeps on happening later on market of the coins will be demolished.

sayaya17

sr. member

Activity: 1638

Merit: 255

It's a lot of projects resulting from bounty projects. Sometimes I keep them for a while, but when they do pumping I don't immediately sell them
and wait for the price to get higher. But indeed we can't predict what will happen in the coming days. I am late selling tokens from a bounty project
that I joined a few years ago. Now the coin has no value. It turns out that the team did a fake pumping to do the coin disposal they had.

Princeofpoetry

member

Activity: 686

Merit: 28

PUGG.io

Most people will answer for the same reason, projects do not experience development and growth. or the project dies, I will dump my coins for that reason. crypto growth all the time is good and increasing. why I have hold the coin which has no future?

disconnectme

hero member

Activity: 1876

Merit: 512

Do not just dump your coins because the price is not going up, the most important thing to consider is if the team is still actively work on the project, with time the value will come, but we have a lot of Zombie projects in the space now that are just there with no active developers still working on them

Darktongue

sr. member

Activity: 574

Merit: 250

Quote from: ?? on ??

In fact, the guy is right - I participated in the bounty back in 2017 and the best strategy at that time was to sell everything almost immediately. Now I think the situation has not changed much

Everyday new coins are listed in the coinmarketcap, our choice is changing every day. After selling the old one, we could get a new one. But now the situation is different. We shouldn't sell our altcoins because of a huge bullrun in a year. You know what every legit project will pump this year, so dumping the price can't be a good idea.

eucalyptus

member

Activity: 280

Merit: 71

I wish I could dump coins in my wallet which I earned on bounties. If I would hold them and dump also and at least if I would buy Bitcoin after selling them I would have at least 2 Bitcoin now. Maybe what OP says is right. There are many shitcoins in this market.

ardentvolcanoes

sr. member

Activity: 1050

Merit: 252

Quote from: HerbertMarcel on January 19, 2021, 02:31:19 PM

I usually not dumping coins that I eared from the Bounty campaign because some projects can take a long time to be listed but you need to be patient. When I think the price of the listed coin has been reached the desired value then I prepared to sell. I don't think dumping idea is a good idea. You need to hold at least 40%-50% to see what happens in the next.

You can hit a jackpot once the project that you support/hold happened to bring huge pumped after listing inside exchange, there are many

projects that brought luck to their participants, lucky hunters who received thousands of dollars in asset value after participating with bounty

hunting. It's your instinct that will point you to the right directions and decision to take.

Topic: I'm dumping my coins because.. - page 2. (Read 8289 times)