I'm dumping my coins because.. - page 8.

ven7net

full member

Activity: 1946

Merit: 112

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 sell my bounty coins only when I need money. If there is no such need, I try to keep them until the maximum profit is obtained. However, it must be remembered that some of these coins may never give more profit than they are at the moment, and even on the contrary, the price may go down. Based on this, you need to have an honest plan and stick to it. I have such a plan and I follow it clearly. However, there are times when I’m a little in a hurry to sell or I’m late. But in any case, I always make a profit.

Furryball

member

Activity: 490

Merit: 19

I don't blame bounty hunters for dumping any tokens because if you decide to hold the token might exit scam or dump too much in value, I can only hold projects that end up on binance for IEO, no nonsense project will end up on top exchange like binance exchange, even if the token lose value it won't be much like projects that get listed on p2pb2b

cheezcarls

hero member

Activity: 2282

Merit: 659

Looking for gigs

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?

Based on my observation since the big hype last 2017, most of them are dumping are tokens because of quick $$$$! When I was a beginner in doing airdrops and bounty programs, my colleagues that time are already earning big amounts in the bounty programs they’ve joined. Once the tokens are distributed and listed on exchanges, they quickly sell them off for good in order to gain extra money.

For me, during that time I have the same mentality as them by just dumping coins and tokens even if they do have a great promise in the long run. The reason why I dump my coins or tokens during my early days is because I have debts to pay, and I wanna settle them sooner. And glad that I did. But not just that, I also bought myself a Macbook and other stuff to further work properly rather than relying on my mobile phone.

But this time, I am only selling it if I see or assess that this coin or token doesn’t have a bright or promising future anymore, or the dev team aren’t active anymore. But if it’s promising with an active community or supporters, I don’t mind holding it for long.

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

I'd rather agree with the OP. I am someone who have participated in dozens of bounty campaigns. I sold around 60% to 80% of the tokens that I received immediately, and held the remainder for long term hold. Out of the dozens of tokens I held for long term, not even one gave me good profit. Most of them are completely worthless now and are not traded in any of the exchanges or DEX sites.

Kang TB

sr. member

Activity: 1050

Merit: 250

Revolutionizing Reward Points

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 usually dump my coins because i want to buy another coins with better potential to grow
and i see there is no active development with the project, so, its better to dump when my coins still have value
thats my reason when i dump my coins

kpierce77

legendary

Activity: 1540

Merit: 1002

I never actually wanted to dump my coins. I only sell it at the best price, and if there is no progress on the project, then I will leave the coins in my wallet, no problem. the most important thing is that we are able to identify the coin price at the best time, so that we can get a decent profit

Winscosinally

member

Activity: 490

Merit: 16

I'm not trying to discourage bounty hunters from holding tokens bit most times it's wise to take your profits, projects won't forever maintain their ATH, DIA was at 4$ and now at 1.10$, that's even because DIA is a strong project with good use case just like ChainLink, we are bounty hunters so whatever we made are free because we aren't investors

Winscosinally

member

Activity: 490

Merit: 16

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?

Don't be fooled, majority of bounty projects are going to die few months later because they aren't here to stay, the team are pump and dump specialists, that's what they do, only very few bounty projects are of high quality today, the recent most successful Bounties are DIA and Cartesi but still they've lose high percentage of value

zhea

full member

Activity: 560

Merit: 101

Quote from: Salauddin1994 on November 14, 2020, 10:19:48 PM

The number of scammers in the crypto market has increased so much that it is very difficult to give an accurate description of the projects holding tokens seems very unprofitable now that everyone is leaning towards bitcoin investing no one can say how much their value will increase. That's why i'm selling my coins i can get from leaving the price down it is very profitable most of the tokens are not in the market and the projects that are being launched are being scammed.

I tend to agree with you mate, there are just too many scam projects and it is no use on holding their tokens/coins so whenever I sense that the tokens I'm holding have no future I will dump them and bought other coins on the top ten and it is usually bitcoin and ether.

NewRanger

sr. member

Activity: 1624

Merit: 341

Buzz App - Spin wheel, farm rewards

Quote from: ?? on ??

Quote from: diamond_shine1 on November 14, 2020, 10:08:40 PM

the reason I sell my coins is because I feel the coins are not progressing in my target time, then if I see the coin price is high enough and satisfactory enough for me I immediately sell it and I will also sell my coins if I really need money.

it seems you are not very strong in holding and planning the investment you do. Sometimes the market conditions make us panic a little or we have urgent needs. that's what resulted in us having to sell the assets we have.
My advice, try playing short-term investing with a short plan. do not apply too big a target, the important thing is to be achieved first. do the two main plans, namely price and time.

many traders or investors dont have any plan with their investment, no strong reason why investors still hold coin or token. moreover greedy still could not controlled while looking price rise alot. and i am agree with your statement, we should not sell due our daily needs or urgent needs. as investors we must have back up fund to cover our urgent needs, so when this condition happen to us it will not affected to our asset in market.

Salauddin1994

member

Activity: 868

Merit: 15

The number of scammers in the crypto market has increased so much that it is very difficult to give an accurate description of the projects holding tokens seems very unprofitable now that everyone is leaning towards bitcoin investing no one can say how much their value will increase. That's why i'm selling my coins i can get from leaving the price down it is very profitable most of the tokens are not in the market and the projects that are being launched are being scammed.

diamond_shine1

full member

Activity: 437

Merit: 103

the reason I sell my coins is because I feel the coins are not progressing in my target time, then if I see the coin price is high enough and satisfactory enough for me I immediately sell it and I will also sell my coins if I really need money.

firmino10

member

Activity: 372

Merit: 11

elysian.finance

Numerous bounty projects turned worthless in exceptionally short timeframe, since crypto is unpredictable you can't be certain which coin or token will do well overall, since DeFi projects are trending large I will hold a portion of my tokens from the current project I'm advancing, it had good volumes and liquidity

kbhutto

sr. member

Activity: 1274

Merit: 250

PredX - AI-Powered Prediction Market

There are two sayings that surround the minds of Bounty participants

First: the participants when they get the token immediately sell without thinking about the price because they don't want to happen like the previous experience.

Second: we often see Bounty participants in various threads regretting that they were in a rush to sell when they got the token.

but in my mind, if we believe in the tokens we get from the bounty we can sell 50% of all the tokens we get, and we hold 50% . Sometimes we have to sell 70% of the tokens we get.

Renampun

sr. member

Activity: 2338

Merit: 365

usually, I am dumping my coins because I need money...
this is my main and true reason I need money from the sale of the coins. but currently, many coins that I get from the bounty can't be sold at all, it makes me annoyed. Cheesy

ahyadinnn

hero member

Activity: 1554

Merit: 503

Quote from: ?? on ??

its because there's no progress developments, better to avoid loss, i usually just dump them. holding it longer will also can cause more loss, so it's better. for me projects development is important and can be the best indicators for the forecasting

if indeed the project has no further development, it's better to sell it immediately, because if it is too long to hold it is just a waste of time and of course the coin will experience a more severe decline, I sometimes do that too, if the coins I have are not developing again

masphie

full member

Activity: 896

Merit: 102

-= OI =-

Hahaha .... your reason different with me bro...
I am sure will hold my coins till next year, but after 2 moths in my wallet, there is something that cannot be tolerated.
And in the end I had to sell all those coins which almost touched 1 million coins

motun01

member

Activity: 431

Merit: 18

there are numerous coins that are pretty old and are in any event, enduring today and furthermore making good returns for the investors who are investing in those coins.

A couple of coins resemble these coins that can get by for more than 2 or three years, rest are there for pumping and dumping and are fleeting.

IT happened with ICOs IEOs and now its also happening in the case of DeFi projects which will also become saturated in a few months and a new trend will begin

aemma

copper member

Activity: 966

Merit: 14

Most times I dump my coins because I no longer believe in the team or in their capabilities to grow the platform. This particular reason was borne out of the fact that some tokens I once held with the believe that the team are hardworking tends to be a bad experience for me because the team were not after the betterment of the platform but theirs. Also, i am in the same category with your reason, and that is, I dump my coins or tokens because I want to buy coins that have potential such as Bitcoin and so on. Lastly, considering the nature of most projects nowadays, it is a good idea to be strategic and/or dumping at the right time.

Arsalarsal007

newbie

Activity: 167

Merit: 0

in starting i hold my coins with the thought to make project progress but its not prove fruitful for me so then i decided not to hold again,thats why whenever i receive token i sell immedietly beacause something is better nothing.

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