Topic: What do you do when your coin spikes? - page 24. (Read 3360 times)
The price of crypto currency fluctuates a lot. So, in that situation what i would do is i would've sold the coins as a huge amount of profit i would gain and on the other hand, the price dropped a bit i would invest in it more.
I sell a portion because that's already a good money specially when the coin is from bounty campaign. By selling a portion of the coin, I get payment for the time and work I spent with the campaign.
Of course I will sell it because the thing that I always wait is the price increase, because with soaring coin price I can sell my coin and I can invest as well. if the price drops again I rarely to buy the coin again because usually when the price is down the coin it will be hard the price for stable.
It all depends at what percentage it is, as if it went over 40-50 %, first thing you do is determine why that has happened, and based on that information you either sell a portion of it or all it, hoping to buy it back when it falls again.
It all depends on the individual approach and its developed tactics, which must be followed in any case. There are people who hold a coin for any upsets in the market, there are those who sell high, buy low.
I think it really depends on how experts we are in analyzing great spikes. Some of us had already an experienced but not actually guaranteed to be successful in every moves but it felt us something good to be happened in our own ways of analysis. So in-order to be more profitable we will consider always any good opportunity happened and make more profit with it by selling in a high correction market.
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 never been do this since from my first day until now but you give me an idea from your 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 think if you see that your token/coins are rising atleast 100% it is best to sell than to hold if you can make profit, then you can purchase it again if the price drops up to your set price which you can earn enough.
And I think such activity is one of the favorite of traders although risk is not absence.
It depends on you. If you are a believer of long term investment, then you would want to hold it. But if you think the prices might fall again, then it's wiser to sell off the coins.
if a coin we are experiencing a very fantastic spike it is a very big fortune if I experience it then I will sell when there is a surge and will buy back when the price is cheap
Well theres no way to guess if that spike would be just the start of a bull rally or just a small pump that will die down. So I don't make decisions in conditions like these. I always set the target sell price after buying a coin. This way spikes like these don't confuse me and if my target price is reached in that spike than I sell otherwise I don't.
In fact, here each participant has his own formula for actions in crypto trading. Personally, I do not get rid of + 30%, I expect much larger profits. When a particular coin reaches a level that suits me, I sell it. It happens that I buy some perspective coins again on the dump. About 30% of my portfolio I keep in circulation, the rest I fix periodically in Fiat.
When my altcoins went up a price for up to 30%, I immediately turn on my PC and do some trades. Better to keep an eyes with those since we all know that it wont last long. It is a great opportunity to sell those when it is on hype then buy those back went it gets dump specially if this altcoin is profitable in long term HODL. To maximize the number of your altcoin, always sell high and buy low.
I always follow whether the cost of coins rises or falls and when it rises to the value that I like then I immediately sell it
If I get some money from the IOC, I will change to ETH and I will be in the long run or do another good IOC search.
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?
I think I will sell it because I think it is not worth the investment and the trade and so I will buy a new altcoin and that has a good growth like EThereum because it can be profitable anytime
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I think the peak of my cryptocurrency is that I will sell most of the cryptocurrencies and leave a small part to continue investing. I think that investment is to earn money.
Investment to earn money only if the thing you're invested to offering divident rewards, otherwise, it's for doubling money just like stocks trading.And what are your goals?
If you buy coins with a growth potential of 1000%, then I do not see a reason to play for growth at 30%.
But if you earn as a trader, you need to sell when the coin has grown.
Then you're a miracle to be able to foresee the future to know which coin of yours has the potential to grow even 1 thousand percent, frankly honest here, so many people are dumping even if their coins just rising at the slightest mainly because they don't know what future holds. If you buy coins with a growth potential of 1000%, then I do not see a reason to play for growth at 30%.
But if you earn as a trader, you need to sell when the coin has grown.
if my holding coins suddenly jumps up by like 30% i cry out of happiness and pray that i jump a lilbit more, but alas lol that dose not happen all the time. as i am new in the game so i believe in hold actually.
I think the peak of my cryptocurrency is that I will sell most of the cryptocurrencies and leave a small part to continue investing. I think that investment is to earn money.
Than i am just trying to split amount that i earned into one that i am cashing back and doing something with it like investing again or taking to my wallet and part that i am still holding.
It depends what situation wants. I always wants to buy when price are low and wants to sell when price are high.
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?
If my coin jump price I still hold it and wait 2-3 days to sell. No reason to stack your coins when you get a profit.
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