What do you do when your coin spikes? - page 16.

Alenas2018

newbie

Activity: 126

Merit: 0

Quote from: Mrmoo232 on May 14, 2018, 11:48:20 AM

I'm just looking for the opinions of others really, there's no right or wrong answer to this question.
What do you do when a coin you're holding suddenly jumps up by like 30% or whatever? do you try to sell at the peak of that spike and buy them back once it's gone back down again? or do you just keep on hodling?

For me, I will keep onhodling the tokens even if it tempts me. because I know in the future when the price will hike, it will be worth the wait.its better to be sure than to be late

Matilda

full member

Activity: 288

Merit: 100

I will definitely choose to sell or sell at least some coins. Because the ultimate goal of holding an encrypted currency is to make profits. Obtain by trading.

Goldendragon67

member

Activity: 238

Merit: 10

Those who hold tokens in the long term do not have the opportunity to sell tokens on harsh jumps, I, for example, will have to call my lawyer, arrange a meeting, meet with him, go to the bank, he gives my flash drive and only then I can go and go home and sell the coins. Do you think they will be + 30%?

bapangkiran

newbie

Activity: 150

Merit: 0

if I, depending on the situation when I am in need of money, I will sell it, but when I think the price can jump even higher, I will hold it back. This rapidly changing market situation makes people have to think fast and also make decisions in the crypto world.

Chachen19

newbie

Activity: 126

Merit: 0

If luckily my coin holds the spike then I will sell them off when I feel their value rises to the peak if I sell them then I will have a big profit and it will be I can invest in them great if they will spike

panbirt

newbie

Activity: 84

Merit: 0

I will sell it immediately when my coin soars, because I have invested in coins at a very high price, I regret it, I blindly invest without knowing the market, so I will sell it immediately. Then wait for a lower price to buy.

irsykes

sr. member

Activity: 1479

Merit: 273

Seabet.io | Crypto-Casino

Quote from: Mrmoo232 on May 14, 2018, 11:48:20 AM

I'm just looking for the opinions of others really, there's no right or wrong answer to this question.
What do you do when a coin you're holding suddenly jumps up by like 30% or whatever? do you try to sell at the peak of that spike and buy them back once it's gone back down again? or do you just keep on hodling?

sell of course, why must wait for higher price if you already feel enough with only small profit. because after pumped, sometime the coins get dumped. especially when volume is really high

yasuo632

newbie

Activity: 90

Merit: 0

First of all, I will judge whether the market is a rebound or a bull market trend. If it is a rebound, I will sell it immediately. Secondly, I will make different strategies according to different coins. If it is Bitcoin, I will not sell it. The altcoin is possible.

Bearks71

jr. member

Activity: 124

Merit: 1

any such exact new whilst you coin shoots, whilst it does I sell half of it, I hate dumping all cash with out maintaining an amount on me. however I assume in case you don't need money for whatever at that moment, you'll continue to keep. higher nevertheless you could sell and pass purchase other altcoins you agree with in.

reynilynedago

full member

Activity: 392

Merit: 100

It depends upon the profit you are making when your coin spikes as if you are having enough profit like more than 30% then you can think of getting your profit back but I will not say to withdraw all your money at once. Better just to take out the profit only and if the coins you have invested are trustworthy coins then its really good to have patience and watch the coins to grow because withdrawing all your coins is not a good idea. You should leave some shares into the market and if you are sure that market is going to fall afterwards then you can withdrawal all.

rickn

member

Activity: 406

Merit: 10

That depends on the profile of the investor. If the goal is short-term, any spike may be good for discarding the crypto, but if the goal is long-term, consistent and recurrent highs are necessary to achieve the expected goal

Nanagyasi

member

Activity: 336

Merit: 10

I think it depends on the potential I see in the coin. If the coin can rise even higher then why sell at that price but if it is up there by a pump and dump principle then why not selling it.

Pamplelune

member

Activity: 294

Merit: 11

WAWLLET - World’s first multi-asset wallet

Quote from: Mrmoo232 on May 14, 2018, 11:48:20 AM

I'm just looking for the opinions of others really, there's no right or wrong answer to this question.
What do you do when a coin you're holding suddenly jumps up by like 30% or whatever? do you try to sell at the peak of that spike and buy them back once it's gone back down again? or do you just keep on hodling?

It depends where coin spikes from. From the value it was purchased or just from the last price.
Other words if coin fall 90% since it was purchased and now made 30%, it's definitely not the right time to sell it.

Nivia1st

full member

Activity: 821

Merit: 100

Volare.network

30%, why not? isn't it very difficult to get profit now. so if I get 30% or more I will sell it now.
buy again when prices start to fall? like no, because when crypto starts to fall it will not be difficult to be able to rise again.

WhiteShum

legendary

Activity: 1834

Merit: 1001

Quote from: paramelton on August 06, 2018, 10:32:33 AM

If 30% is enough to feel - sure they will lose, but if it's still affordable then hold course first, In addition to this search know reasons why it can pump that much, and if you still confident - try to hold that much as you can.

I close the deal for the amount that I invested initially, and then, starting from the situation in the market, I make decisions. This situation does not happen so often, but the strategy of the work is developed from the beginning.

paramelton

member

Activity: 171

Merit: 10

If 30% is enough to feel - sure they will lose, but if it's still affordable then hold course first, In addition to this search know reasons why it can pump that much, and if you still confident - try to hold that much as you can.

firewa

newbie

Activity: 126

Merit: 0

I will sell when the price of coins soars, because in the current market, I think it will only be a rebound rather than a bull market, because there is no indication that the bull market will come, so I will sell it and then invest again at a lower price.

Jenesis

newbie

Activity: 89

Merit: 0

Quote from: Mrmoo232 on May 14, 2018, 11:48:20 AM

I'm just looking for the opinions of others really, there's no right or wrong answer to this question.
What do you do when a coin you're holding suddenly jumps up by like 30% or whatever? do you try to sell at the peak of that spike and buy them back once it's gone back down again? or do you just keep on hodling?

I will sell the coin immediately and continue to monitor the price to buy back or reenter it after trying to fly higher. I have done it twice with last year and I have benefited a lot from it.

modmalaney

sr. member

Activity: 700

Merit: 251

subject to see the situation when it happens. When that happens the moment then is a nice decision to sell because it is an opportunity amid the unstable market. but when it happens at the moment the market is in good shape then just wait if at any time there is a big increase next.

CryptoAlphaStar

full member

Activity: 574

Merit: 101

Iniatially I wasn't doing anything. Just starring at the screen with gratitude and basking instant gratification about my good decision to invest in the coin.
Then I realized I am getting over-romantic. What I mean is that I was putting my ego in my decision and marrying the coin.
And in the end, we are here to make money.
When your coin is added on Binance, for example and spikes 90% in one day, the only logical thing to happen the next day is a heavy 70-80% correction back down.
You have to sell it at the top. If you like the coin, you can still buy it again after the price settles.

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