Topic: Sell token too early - page 28. (Read 2504 times)
One cant time the highest and the lowest price. It is all about building your own portfolio. Once you develop your strategy, you will realise that it is not about chasing the max profit, but it is about chasing to secure your base.
You need to develop a strategy on what to do with the tokens that you receive from various bounty campaigns. And you need to follow through this strategy for all the tokens. It will minimize the chances of missing on something.
Agree, the way is not to sell too early because you will regret this in the future as i have experienced this scenario myself. Monitor the price daily and if you think that it already reached your desired selling price then sell it. As a Bounty hunter I once made a mistake by selling tokens from Bounty that I received in a small market for $ 250. After 20 days the price of tokens that I sell is worth $ 1200. So the conclusion if you want to wait you will get maximum results. Believe every ICO project will prepare a good market in the future.
I agree with you, though we must be correct in choosing which tokens have a chance to ride in the future, since not all tokens can be that way, depending on the underlying business platform
Its treu that selling token early mostly for bounty hunters is not a good idea. Ths is bad for both the hunter and the developer since this could affect on their budget so could result to lowering the price of the coin before project can be made.
When i am new in crypto , and first join in a bounty campaign , and receive my reward as bounty hunter , i also experienced selling all of my tokens in a low price . After a week the token doubled it price and it was i realized that i have a mistake in selling my tokens. I learn that day that if you want to gain more profits , you should hold the token until the price goes high and then sell it , gain more profits.
As a Bounty hunter I once made a mistake by selling tokens from Bounty that I received in a small market for $ 250. After 20 days the price of tokens that I sell is worth $ 1200. So the conclusion if you want to wait you will get maximum results. Believe every ICO project will prepare a good market in the future.
Yes you have point that we should hold the token for sometime however this depends on how good the project is. In most cases, after distribution of token, it is expected that price is going down because most of the holders/bounty hunters are selling it immediately causing sudden fall of token value. This is happening most of the time, I am selling 50% of recieved token and 50% for hodling.
Well, this does not apply to all tokens, but still I agree with you. Those who rush to sell tokens faster usually get less than they could get if they waited a while.
Don't ever sell all of your tokens at once and you won't have this problem. If you really want to sell some in the beginning, just sell 50% and save the rest for your long term pocket.
Nowadays, prices in the market is so volatile I don't think it is good idea to sell right now ,maybe if there's a signals that has a fluctuation to increase it's value then that's the time to sell all coins. For now ,I would like to hodl my reward token until prices achieved my targets. As a Bounty hunter I once made a mistake by selling tokens from Bounty that I received in a small market for $ 250. After 20 days the price of tokens that I sell is worth $ 1200. So the conclusion if you want to wait you will get maximum results. Believe every ICO project will prepare a good market in the future.
i'm also a bounty hunter, that's everyone mistakes to sell their token early it's because we can't let the token's price going down, that's why we sell them too early, that's the most important thing in the cryptospace, we have to be patient
That is everyone's greatest regret the market is all about patience.... How long you can hold on
Don't ever sell all of your tokens at once and you won't have this problem. If you really want to sell some in the beginning, just sell 50% and save the rest for your long term pocket.
I also often experience this, because my lack of patience eliminates the benefits that exist,
I, too, often make this mistake. It seems to me that it is necessary to work out a strategy to avoid this in the future. Perhaps you need to sell only a part of the coins.
You need to develop a strategy on what to do with the tokens that you receive from various bounty campaigns. And you need to follow through this strategy for all the tokens. It will minimize the chances of missing on something.
I would not advise you to sell your tokens too early, because if the project goes to the exchange, the tokens, depending on the usefulness and the need for the project, can increase by several hundred percent in price, and at that moment you can sell them more and get good profit.
You made a conclusion based on your 1 result? Probably best not to start trading.
As a Bounty hunter I once made a mistake by selling tokens from Bounty that I received in a small market for $ 250. After 20 days the price of tokens that I sell is worth $ 1200. So the conclusion if you want to wait you will get maximum results. Believe every ICO project will prepare a good market in the future.
It could also fall to 50 % no one can predict it. As long as you get profits from your bounty you are a winner. I used to think same as you, but I introduced to myself one simple rule to crypto, at the moment when I sold crypto I forget about it completely, because instead of being happy you are sad cuz nor bigger profit.
Each investor has such a situation, when he sold his altcoyins too early, I have such a situation with a crypto project Pundi X (Blockchain Service)
Empowering blockchain developers and token holders to sell cryptocurrency and services on any physical stores in the world.
Empowering blockchain developers and token holders to sell cryptocurrency and services on any physical stores in the world.
It all depend on the type of project involved. If the project have a good potential, I sell half and keep half for the future.
I have also experienced similar things. the price of some token increases sharply a few days after the coin is listing on the market.
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