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Topic: Pundix has broken my heart!! (Read 447 times)

newbie
Activity: 81
Merit: 0
July 16, 2018, 09:48:32 PM
#53
I bought some pundix because of the hype prior to listing on Binance. I was expecting the price to quadruple when it gets on Binance. Lol and behold it started dumping on Binance and has been dumping ever since. There is a snapshot for monthly unlocking of tokens for holders today. I was banking on this to push up the price too. But the reverse was the case. I am expecting massive sell off today after the snapshot. Should I sell off now and buy later or should I just HODL on? Please advise
You are not alone in this shit show, i was expecting the price to go up after listing in a major exchange like Binance and purchased a huge amount of coins expecting a spike but the trend reversed and i am not even sure what caused that reversal, they are launching many projects and are in the right direction as per their team announcement but the price keeps on declining, either way it is a really interesting project and hope the downward trend reverses soon.
It was quite unfortunate. I suspect Whales manipulating the price. I already sold and moved on. I am solely a trader, I am a speculator, only in it for the money. No emotions invested
hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
July 14, 2018, 05:26:55 AM
#52
I bought some pundix because of the hype prior to listing on Binance. I was expecting the price to quadruple when it gets on Binance. Lol and behold it started dumping on Binance and has been dumping ever since. There is a snapshot for monthly unlocking of tokens for holders today. I was banking on this to push up the price too. But the reverse was the case. I am expecting massive sell off today after the snapshot. Should I sell off now and buy later or should I just HODL on? Please advise
You are not alone in this shit show, i was expecting the price to go up after listing in a major exchange like Binance and purchased a huge amount of coins expecting a spike but the trend reversed and i am not even sure what caused that reversal, they are launching many projects and are in the right direction as per their team announcement but the price keeps on declining, either way it is a really interesting project and hope the downward trend reverses soon.
newbie
Activity: 70
Merit: 0
July 03, 2018, 08:10:44 AM
#51
Do not lose hope yet, cryptocurrencies are highly volatile, which makes predicting the market difficult. There are good chances that the price will increase still.
jr. member
Activity: 434
Merit: 1
July 03, 2018, 07:56:21 AM
#50
Despite the fact that the market is not in its best form, I would recommend that you leave and hold until the market recovers, but it's yours!
member
Activity: 532
Merit: 14
July 03, 2018, 07:49:41 AM
#49
Bitcoin has broken our hearts, thus almost every altcoin broken our hearts. This is how it is, not just Pundix. I would suggest keep hodling your tokens and get monthly airdrops for free. When the market is up, Pundix would be one of the first tokens which will be highly profitable in my opinion.
newbie
Activity: 67
Merit: 0
July 03, 2018, 07:06:59 AM
#48
Not always listing a token on a large exchange is accompanied by an active growth and now you are sure of it. If you do not need the money that was invested in PundiX, then do not sell it.
member
Activity: 280
Merit: 15
Pool of Stake
July 03, 2018, 07:06:34 AM
#47
Hello mates!
I bought some pundix because of the hype prior to listing on Binance. I was expecting the price to quadruple when it gets on Binance. Lol and behold it started dumping on Binance and has been dumping ever since. There is a snapshot for monthly unlocking of tokens for holders today. I was banking on this to push up the price too. But the reverse was the case. I am expecting massive sell off today after the snapshot. Should I sell off now and buy later or should I just HODL on? Please advise

Why did you think that a token getting listed was going to miraculously duplicate it´s value? Don´t you see the market is on a bear - lateral trend? PundiX may be good long term, that´s all.
full member
Activity: 336
Merit: 100
July 03, 2018, 07:04:49 AM
#46
Hello mates!
I bought some pundix because of the hype prior to listing on Binance. I was expecting the price to quadruple when it gets on Binance. Lol and behold it started dumping on Binance and has been dumping ever since. There is a snapshot for monthly unlocking of tokens for holders today. I was banking on this to push up the price too. But the reverse was the case. I am expecting massive sell off today after the snapshot. Should I sell off now and buy later or should I just HODL on? Please advise

PUNDI X is for long hold I suggest you hold it and since it is on binance I believe that binance is on the lists that can receive the monthly airdrop without withdrawing your npxs. Yes, its frustrating seeing the value of npxs dump as hours pass by that is because of the whales trying to manipulate npxs. But you will never lose when there is no action performed. I suggest to hold till the montjly airdrop ends. Or you can play with your coins to increase it over time.
jr. member
Activity: 170
Merit: 2
July 03, 2018, 06:58:20 AM
#45
It was a mistake to buy a coin hoping for growth in a falling market. But the coin is promising, I think that it is necessary to HOLD.
hero member
Activity: 1344
Merit: 502
July 03, 2018, 06:53:19 AM
#44
There's nothing wrong with the project it appears the token price was inflated in anticipation of it listing on that exchange so the value didn't appreciate further afterwards

Not all assets behave the same when new milestones are achieved, partnerships get announced or listing on bigger exchanges occur

If you choose to HODL it should eventually regain its value
full member
Activity: 365
Merit: 100
July 03, 2018, 06:19:33 AM
#43
I will like to suggest that you should not loose hope and be patience to hold this coin because I believe this happened because of the general trend of the market this period as all other con which are even very potential and stable are at very low price now. Maybe you should hold until the market recover before you decide on what to do with it.
jr. member
Activity: 322
Merit: 2
July 03, 2018, 06:16:25 AM
#42
Stop worrying because of the losses that you get making investments in the crypto currency. Even the best coin can survive difficult times. In the case of the Pundi X, the potential is huge, just patience!
member
Activity: 252
Merit: 12
July 03, 2018, 04:57:05 AM
#41
Hold on! Keep holding just like i did and keep buying when it goes down b.ecause it has a monthly airdrop which is 7% of your holdings .
member
Activity: 182
Merit: 10
July 03, 2018, 04:50:49 AM
#40
I think you might have the wrong strategy, because when it comes to the exchange of modern currencies, prices can go down dramatically.
So I think your strategy is dangerous.
member
Activity: 294
Merit: 10
July 03, 2018, 04:49:05 AM
#39
The project is promising and if you can wait, then hold it. The fall of the prices in the current situation is normal.
sr. member
Activity: 882
Merit: 269
July 03, 2018, 04:42:26 AM
#38
Hello mates!
I bought some pundix because of the hype prior to listing on Binance. I was expecting the price to quadruple when it gets on Binance. Lol and behold it started dumping on Binance and has been dumping ever since. There is a snapshot for monthly unlocking of tokens for holders today. I was banking on this to push up the price too. But the reverse was the case. I am expecting massive sell off today after the snapshot. Should I sell off now and buy later or should I just HODL on? Please advise

You have been FOMOd my friend. When a coin starts to pump even before the even that is the cue that you should get out of the coin immediately. That would be a lesson learned to you after all.

Sad, but  true it happens and experienced it. When there is a hype and start to pump, big holders start to sell. Learn the time Accumulation and Distribution period. Buy when its amassing support an sell  for distribution when there is a hype or positive update. This maybe not true to some coins but it work for me.
member
Activity: 392
Merit: 12
July 03, 2018, 03:41:16 AM
#37
The whole crypto market is down now. This affects the existing coins and newly listed tokens. When a token is pumped it is wise to sell the token, holding it a mistake. Now you can wait and hold it so that when the market will revive you can sell them.
and it seems that what happened at the beginning of this month the market situation began to be in the healing period, and just look at almost all the coin turn green, hopefully is gets better
newbie
Activity: 168
Merit: 0
July 03, 2018, 02:13:58 AM
#36
Like others have said, the market is very volatile and has been in a downtrend for many months. Altcoins generally will be riskier than bitcoin, and one way to minimize risk is by diversifying. If you don't put all eggs in one basket, you will have more peace of mind.
sr. member
Activity: 1050
Merit: 277
July 03, 2018, 02:11:42 AM
#35
actually i was not expecting a pump when it was listed on binance but iwas not expecting a dump either. because the volume on idex was pretty high before it is listed on binance. i dont know why it is dumped on binance but not on idex.
member
Activity: 742
Merit: 11
July 03, 2018, 02:09:13 AM
#34

I sold  Pundi at gain, but if you buy that out FOMO it's better to hold it and wait for the market to bounce back.
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