Topic: What do you do when your coin spikes? - page 23. (Read 3329 times)
You need to take a profit. No one can determine the peak of the altcoins when it rises. Often the altcoins will increase dramatically when there is good news. If you hold long, choose a good altcoin, when enough target, choose another altcoin, no altcoin can increase forever it will need adjustment. And you know enough technical analysis can trade surf.
You should decide by yourself - if you do not have an immediate need of money - so hodl. The most important is WHAT to hodl... I recommend Arcblock, Helbiz and Traxia...
there comes a time I will sell it, and there is also time I will hold the coin,
This all depends on the context. Of course it takes a lot of skill to understand what the context is in order to react accordingly. There is definitely a difference between a natural spike following new information like a development update, and a pump which are notoriously common.
And don't sell all your coins or spend all your cash buying them. Cost average at least.
And don't sell all your coins or spend all your cash buying them. Cost average at least.
This depends on what coin this is and what position does it takes in market capitalization rating. When 30% gains coin from top10 of coinmarketcap this may be the moment to sell if there is no reason for such up.
If this is coin with low cap it means someone just bought for hold, this is not the moment to sell. It is maybe signal for strong hold though.
If this is coin with low cap it means someone just bought for hold, this is not the moment to sell. It is maybe signal for strong hold though.
I am mainly a long term investor. I am looking at x 10 gains at least on any coin before I sell any. Or at the worst case scenario I look at a x 3 to x 5 gain, depending on the coin and project. I am working in this area mainly for my daily living and what is left, I am trying to build as a pension plan so by the age of 65 I do not have to work so hard. I am now 62 years of age and much older than most of you here on the forum. I wish I was much younger so could enjoy this lifestyle from crypto much earlier but never mind, better late than never I guess.
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 all my coins as it grows to 30%. I will not continue to hold as other investors because this is a difficult market. We can not evaluate the value of any altcoin. So holding would be a bad option. And I will not buy back the altcoin I bought because there are so many other potential altcoins waiting for me. 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'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?
yes, sometimes I do sell immediately when I get even 10% profit, and then I will wait for its price to go down, then I will buy back. and then I will wait for its price to increase again. 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'll probably sell some of my coins. because there are likely to be back up higher. The advantage that I get I will take to dollars. And capital will return the coins when I traded it costs down. so it will be a lot more of my profit.
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 on what caused a spike, if the spike in the price is caused by an announcement by the developers of the coin you're holding that they have made an advancement in the development of the coin then I will not sell because there is a chance to the price goes way higher, but if there is nothing like that and the rise in the price is just because of speculation I may sell my coins and wait until the coin goes down again. 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'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?
Well first i will search for the reason of the spike, a new exchange? or something else like famous person shilling it, if i find nothing then i will sell the coin immidiately and keep monitoring the price to buyback or reenter incase it attempts to fly higher. I've done it twice with tron and ripple last year and i get a lot of profit from that.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 interest with your strategy so i want to what is your more detail.
I normally just sell my token or coin if its spike higher because i just want profit. So now its interesting when i can improve or mix my strategy with yours.
I myself depends on the situation, when I needed the cash when the coins spike, they I'll sell some of my coins, then I'll hold the rest, and hoping that the coins will rise again in the future.
Just make it as a saving.
Just make it as a saving.
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 always sell altcoin that I have if it has reached a high price, what else coin up high to 30%, of course, I will immediately sell and re-buy in coin ETH. because I like the value of ETH as stable and have good growth. 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'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 on whats your target price and what kind of investments youre planningWhat 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 daytraders 30% profit is big enough to sell the coins they bought and will buy again soon if the price falls
But for long term holder that percentage wasnt enough because they had risk the capital for such long time just to gain that small amount,maybe just like me all my longterm coins has a target of minimum 100% and maximum of 300% unless it continues growing
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?
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?
Everyone's strategy in crypto is different, but in principle they will buy when the market goes down and sells when the price is high. If the thing you say happens to the coin I hold, the first thing I do is to observe it. If my profit target is met, I tend to sell it. It all depends on the amount of investment. However, the 30% spike I think is too small for long-term investments.
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 on many factors actually. If it is rather a new coin and so undervalued and the price goes up because of solid development and more adoption, it's organic growth. In that case the price is likely sustainable and never goes back down and an explosion can happen in the near future 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 probably sell my coins if that will happen in that case you will get a lot of profit if the coins you are holding is pumps up its price by 30% then buy again if it will back to its lowest price its a matter of sell high buy low method.
I will ignore it.
Because I'm a long-term holder, I don't care about short-term fluctuations.
Because I'm a long-term holder, I don't care about short-term fluctuations.
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?
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?
When a coin i am holding from longtime pumps suddenly then there must be some reason for it to Pump and i crypto market the pump in the small volatile coins don't last for more days they are come back to it average trading for sure and at that time you should be entering your long positions. You can't trade when the coin has spiked already because at that time of trading the price of the coin will be high and you can make profits by buying the coin at high prices. So it is better to wait for the price to settle down after the spike and then enter your long positions again.
It is very obvious to be happy on that time. I also feel happy then. But mostly I always try to understand the reason of spike. I ask myself to know and find the answer of movement.
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