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Topic: I'm dumping my coins because.. - page 24. (Read 8262 times)

sr. member
Activity: 573
Merit: 250
August 09, 2020, 12:19:19 PM
#84
I usually sell tokens obtained from the bounty because it has a value more than the IEO price and usually the price will dump after 2-7 days, when it dumps and I feel the coin has potential then I will do a buyback
Not only did you pass away this time, 2017-2018 the time was for holding then time was for dumping price. Actually, now is the best time for holding altcoins. If I find any altcoins which haven't any progress, I will check the exchange and volume. New projects working progress should be faster than older but long time silent means could be upcoming announcement. We should know that dead projects volume is always decreasing.
full member
Activity: 1148
Merit: 101
August 09, 2020, 11:32:31 AM
#83
I dump a coin if the developer for that project becomes untrusted. Usually, because the developer contradicts his original vision for the coin or how he changes the plan when it was in-development without clarifying the reason for it. Too many delays or failed to meet the promises also put into consideration.
Yes, that's right, because it would be better to throw it away than to experience disappointment in the future, because the developer who changes his plan without any reason is an irresponsible developer and usually he has other intentions to do with the project.
hero member
Activity: 1232
Merit: 503
August 09, 2020, 11:18:10 AM
#82
I dump a coin if the developer for that project becomes untrusted. Usually, because the developer contradicts his original vision for the coin or how he changes the plan when it was in-development without clarifying the reason for it. Too many delays or failed to meet the promises also put into consideration.
That's the best way to save your investment, instead of placing blind hope on the projects because there are people like that,  in the end they lose money and the developers earns the money.
member
Activity: 882
Merit: 13
August 09, 2020, 11:06:59 AM
#81
There is plenty of projects coming in are holding their bounty programs with an IEO running same time. I think bounty would still be there part of the tokens sales even if its already in the exchanges up for sales, due to the fact that projects running an IEO still needs promotion in order to attract investors and I think it is safe to day that bounty rewards are guaranteed that will be listed in the exchanges, just hope the project will end up successful in their token sales.
full member
Activity: 396
Merit: 106
August 09, 2020, 10:11:26 AM
#80
I dump a coin if the developer for that project becomes untrusted. Usually, because the developer contradicts his original vision for the coin or how he changes the plan when it was in-development without clarifying the reason for it. Too many delays or failed to meet the promises also put into consideration.
member
Activity: 1008
Merit: 12
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August 08, 2020, 04:49:28 AM
#79
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?
Dumping only makes sense when you have solid and logical reason to do so and if ypu think team is not doing well or the project has lost its way you can definitely sell and flip into a better one but i think even to do that you have to give ample time and support the project otherwise the project may surprise later prie example is synthetix network.
jr. member
Activity: 298
Merit: 5
August 08, 2020, 04:41:35 AM
#78
Most of the holders will likely to dump those coins/tokens that are not progressing that much and will likely to shift to other currencies where they
can earn a better profit.

In my case, I only dump my coins if I have emergencies or I can sense that this certain currency will likely to fall in the following days or months then I will transfer
it to a stable currency before I will invest again to the currency that I like to hold.
legendary
Activity: 2954
Merit: 1155
Leading Crypto Sports Betting & Casino Platform
August 08, 2020, 12:23:45 AM
#77
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?
Usually i sell my coins because price is ICO price or more, if not i will hold until something urgent that cause me want to sell my tokens. Only with that 2 reason sometimes make me keep my tokens longer, and this is real, sometimes when that urgent time come, price already dumped very much and under ICO price.  Grin
full member
Activity: 658
Merit: 100
August 08, 2020, 12:11:49 AM
#76
I usually sell coins from the bounty to buy coins that have good prospects for long-term investments such as the current top coins, because if we hold coins that are low quality then the price is difficult to increase if used as a long-term investment.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
August 07, 2020, 11:59:33 PM
#75
the reason I throw away my coins is due to economic factors when I need money to fulfill the daily life I am forced to sell even though the price of the coin/token is falling.
in the end, it is out of necessity. To be honest I just sold some of my assets because of a need to be met. however, I still want to hold onto coins that have potential, it's just that, the strongest factor that makes people sell their own coins is an economic necessity. there may be other factors that make people dump a coin, such as a potency and others. however, I believe they just exchange those coins for other coins.
copper member
Activity: 210
Merit: 1
August 07, 2020, 11:59:14 PM
#74
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've been a great holder of tokens especially those derived from bounties, but I noticed that holding tokens are not always a good idea, that explains why I developed a new strategy to hold some percentage of the tokens and exchange some to more popular coin like bitcoin and ethereum. I believe this approach would help reduce the risk of holding only new projects.
full member
Activity: 616
Merit: 102
August 07, 2020, 11:54:45 PM
#73
the reason I throw away my coins is due to economic factors when I need money to fulfill the daily life I am forced to sell even though the price of the coin/token is falling.
legendary
Activity: 3346
Merit: 1214
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August 07, 2020, 11:41:28 PM
#72
This is something that we should be used to the market is moving and dynamic and we always go for-profit and progress of the project we have invested in, not because you dump your coin you do not believe on it, maybe someday you will pick it up again after dumping, the most important is you dump it with good reasons and at the right time.
For the developers to avoid dumping they should continue and keep up with the development to avoid the impression that you are neglecting your project.
hero member
Activity: 1666
Merit: 887
August 07, 2020, 11:21:11 PM
#71
One of the reasons is because of community. because community is the most vital thing, because without it I think a coin will not be able to develop and also sometimes actions of the developer also have an effect because usually there are several teams that cheating by selling their tokens secretly, since 2017 several projects have done this. and the result is their project dies and my reasons are these two things in dumping some coin.
full member
Activity: 728
Merit: 101
August 07, 2020, 11:06:45 PM
#70
The simple reason why I dump my tokens / coins is because the Developer coin did not have a significant increase on their project. For example, such as adding new features or adding their coins to well-known exchanges, which in the end can be traded every day with a large volume.

And of course, a community that continues to grow is the main pillar of forming a large network.
sr. member
Activity: 644
Merit: 257
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August 07, 2020, 10:43:50 PM
#69
Depends on the market situation. Usually Ive checked hard if the project has potential or not. Token value usually depleted and you will never know what would happened so better to dump some to appreciate your earning. My strategy is usually dump half and hold half. By that you can at least be sure if the project is worth at long term period or not if it dumps then you have no regret since you already sell half.
full member
Activity: 686
Merit: 100
August 07, 2020, 10:29:58 PM
#68
i got some coins from way back by doing some projects, most of the coins are still not climbing up in value. ive waited years for them to have value and up until now they're still pretty much useless and so i dumped them just to let go of it i guess. i kept monitoring them for years, its time to move on.
sr. member
Activity: 1232
Merit: 379
August 07, 2020, 07:19:35 PM
#67
During the time I was participating in airdrop and bounties, had different sets of coins in my wallet but all seems to be poor, worthless and I definitely dumped all of them, but I noticed something,  that the progress ones or rather the ones having strong team behind them keeps rising and becoming having value, I see no reason why op should dump coin in as much as those coins are listed on a great exchange. On the other hand, series of dead coin are lying helpless in wallet without listed on exchange, those ones are the fit able ones to dump no matter the time.
sr. member
Activity: 1148
Merit: 251
August 07, 2020, 06:41:12 PM
#66
We have different reasons why we dumped coins so for me the reasons to sell coins are to buy other coins that are worth in the market. If the project is very promising I usually hold it for the long term. Actually, you are not the only one who holds and decides to sell their coins. We find ways that can give us a better profit.
copper member
Activity: 966
Merit: 5
August 07, 2020, 06:40:56 PM
#65
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 think this depends on some factors and also not only coins gotten from bounty can be dumped as at when due, even coins one invested in, he can still decide to sell. That being said, many people sell for different reasons, some can sell to get quick money, some can sell to exit a project which they no long have trust in, some can sell high and buy low again and so on. In my own case, I sell for different reasons but the prominent reasons I do sell is when I no longer finds the project attractive or when I finds the team aren't up and doing again.
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