Topic: I'm dumping my coins because.. - page 4. (Read 8289 times)
With a project that no more progress and no more price surge i think it's best to let it go and find another gem and underrated coins in the market and obviously wait for the fruit to ripe in the future. As bounty rewards, i intendedly to sell it because we all know many hunters will sell for sure and if project has high potential i certainly make a buy back to accumulate more coins or tokens for a longer hold.
If you don't dump some tokens when they still have good value others will dump on you for sure, the only way to make good decision is look how active the projects development is, if the development isn't as good as planned on roadmap you have every right to dump
That's right, because the key to price movements is the progress of a project. If the project delays for reasons that don't make sense, there is a high chance that they have lost their way and will become shitcoins, before that you better sell your tokens.
I have some tokens of bounty projects and i am holding these tokens . one of the project is listed on small exchange and price is not good for sell so i am waiting for the price to go in cents then i think about selling . till that time i hold .
If you don't dump some tokens when they still have good value others will dump on you for sure, the only way to make good decision is look how active the projects development is, if the development isn't as good as planned on roadmap you have every right to dump
I am also one of those who always hold coins and don't rush to sell coins obtained from bounties. There are several things that cause us to immediately sell the coins, maybe one of them is because we don't care about the project and we are in need of money. In addition, there are no profitable prospects of the project in the future, so there are many bounty hunters who sell their coins as soon as they are on the market.
Some of those who sell too quick get lucky too because most times new tokens crash after they come to the market and the bounty hunters get to loose everything. I think it is wise decision to dump to avoid regret. If the token rises in value after you have sold, do not regret your action.
I won a lot of coins from bounty campaigns, but most of it was garbage. I think if the coin has a tangible value, we should convert it to Bitcoin immediately. I have such experience.
I threw away the coins because I didn't trust the coins I had for several reasons including the price that continued to fall and there were no project updates carried out by the project team itself. then I will sell at a loss and replace it with more decent coins than before.
i never dump a coin since i dont have power to do that 
, but if i have power to do that, i will do neither because badd project, or i need to accumulate more coin in lower price 
, but if i have power to do that, i will do neither because badd project, or i need to accumulate more coin in lower price Sometimes we make mistakes in market situations since it's a speculative assets. We don't have power over it but I still agree with OP, profit is always a profit regardless of either big or small, we should appreciate it since it's far better than been in loss.
Covid-19 market collapse was one of the worse moments in cryptocurrency downfall, no one expected it which must people will not believe will happen at such time. Thus, a speculative asset will remain the same which you and I have no power over.
I am used to trade coins from hunting but I hold of course and my holdings are a bit special for me because I analyse the projects and it's potential .The coins have the probability I hold them and trade the left.
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?
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?
My personal reason was I'm afraid that it could go lower than the current price and as you can see, there are lots of those project that hasn't been recovered after it dumped to the bottom. This is one of the reasons why I quickly sold all the tokens I got from bounty before. Those participants who think the same way are more clever because they are dumping the cion the day they received their rewards, as for me I sold them about one to two weeks after the distribution just hoping for some positive changes in its price.
In fact, this is because when I worked at a bounty, they gave me some tokens in return, and if I didn't pump up the price, we would have to give it up and give up hope. I myself am a victim of this so this dumping my coins because .. the word is absolutely true. But again in this crypt market but it is impossible to say when and how to make a profit so discarded coins can give you a lot one day thank you.
I am not planning on dumping any coins this year, because I don't really need the money right now. I am even looking for some new investment opportunities after Christmas. If you need the money right now it's reasonable to dump some coins because the prices are pretty nice right now. But there no real reason that prices will fall in the near future so you might have to buy them back at higher prices on the future.
I’m still holding my coin until now and I bought XRP last 5 hours ago. They are scared of price dropping, but it was total normal for me. Lot of things can happen in a seconds. I can hold my coins for a year if I am really want to earn, I don’t want to lose a penny here.
Dumping coins is a bad thing, because it can hurt people,
but if you really need money and you sell all your coins, then that's fine,
yes it takes an effort so you don't do this when trading.
but if you really need money and you sell all your coins, then that's fine,
yes it takes an effort so you don't do this when trading.
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 came up with a new strategy that whenever I get tokens from a campaign, I will sell them as quickly as possible to get money and buy Bitcoin. I think this is the best strategy to increase the amount of money you have after years of holding, because Bitcoin is never undervalued and will do a halving every 4 years.
There are things one should consider when holding a coin despite the fact we all know it's profits in our minds. First is, have it inond that project isn't yours, secondly monitor the growth and team zealousness towards that project before you decide to hold because if it's an unserious Project best is sell immediately because it's bounty
I also do this, holding coins does require extra effort because usually I have to monitor the progress of the project from the coins I hold. I will continue to assess the performance of the project, if the team alone is not passionate about their project development. What's the point in holding a coin that has no value in the future, the future is a picture of the hard work of the present. It's not hypocritical, what I'm looking for is still a profit.
I have experienced something like what you have experienced, where when I tried to hold the token, but day by day the token showed good results or just dropped continuously, that's why I prefer to sell the coin and switch to another token, but I never also made the biggest mistake of my life which was rushing to sell a good token for fear it would die.
I am not dumping any coins because I had not been into bouny hunting after I join some projects that pays btc instead like the bitamp bitcoin wallet. Actually, I do like this project especially for spending bitcoins because it can be access any devices I carry like mobile or laptop. I can open it through the browser. I am awarw of evertly phishing sites but if you are educated and aware on how not to fall for the phishing site then it would not be a problem just like my case.
Dumping coins now are happening because they are now converting it to bitcoin itself. Bitcoin will going to break record of the 2017 ATH bitcoin market price recorded.
Dumping coins now are happening because they are now converting it to bitcoin itself. Bitcoin will going to break record of the 2017 ATH bitcoin market price recorded.
There are things one should consider when holding a coin despite the fact we all know it's profits in our minds. First is, have it inond that project isn't yours, secondly monitor the growth and team zealousness towards that project before you decide to hold because if it's an unserious Project best is sell immediately because it's bounty
I've got a handful of old coins that have sat in various wallets (and a couple of exchanges) for a while now - with the price of bitcoin the way it is at the moment, it might pay for me to dust off the wallets and update the browsers and see what coins I can tease out of retirement. Thanks for the thread!
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