Topic: What do you do when your coin spikes? - page 26. (Read 3329 times)
One thing I noticed is when my coins spike up like that and I sell, it will almost usually continue spiking upwards and I'd feel silly for selling it too fast. But when I hold after it spikes, that is exactly when the coin will start going down. It can be really frustrating
look at what coin we hold every coin has its own character and habits. if you ask when the coin we hold up with a large enough amount then the best option would sell it. because it could be the price increase due to the pump conducted by several groups. and if we are late to sell it we will only get a loss
I use two different strategies. The first is for a long term hold. I'm gonna hold such coins like ETH and EOS even if they make 2x tomorrow, as their potential is much higher. For another projects, I usually deposit coins on Exchange and set several sell orders splitting my deposit for 5 parts and rising the sell price by 10%. So if a coin gets pumped some of my orders can be filled and I won't miss it.
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.
That is exactly what I do. I go selling almost all the coins at highest peak that I see. However, as long as it is below an ATH rate of it then I wont sell because we can still have chance of hitting it. So its better to wait little more if it is close to that one. If it is somewhere mid-priced then we can just play with the selling and re-buying strategy as you mentioned here.
That really fill up my coins sack and well I can just get more profits in the next high peak. Thats logical though.
That really fill up my coins sack and well I can just get more profits in the next high peak. Thats logical though.
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 it over my objectives i would sell all coins to get bigger profit than i predicted. It depends about coins, but in usually if any coin achieve 30% growth, sell is very good way
I do things differently.
Basically, I follow all the news that touches the coins in my wallet. So. There is a sharp increase, but I know that there is no news. And the next increase can be not earlier than a month. Then I sell most of the coins because the chance of a simulated pump is huge. The price falls pretty quickly and I buy all the coins back.
If some kind of conference is expected or an update will be released, or a beta version'll be launched, I do not sell it. Since then the price can rise very much. I will not be able to buy a coin cheaper.
Of course this does not always work.
But this is my strategy.
Basically, I follow all the news that touches the coins in my wallet. So. There is a sharp increase, but I know that there is no news. And the next increase can be not earlier than a month. Then I sell most of the coins because the chance of a simulated pump is huge. The price falls pretty quickly and I buy all the coins back.
If some kind of conference is expected or an update will be released, or a beta version'll be launched, I do not sell it. Since then the price can rise very much. I will not be able to buy a coin cheaper.
Of course this does not always work.
But this is my strategy. 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'd sell out if there's a 30% increase and will wait if there's a draw back or dip for that coin 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?
There are certain coins that I hold that is mainly focused for long term holding and this is bitcoin but if there are coins that are also good for these type of trades by selling at peak buying back, it's also a good strategy for someone that diversified.
I have many exp on that thing. first find the reason make my coin spike. then see market move. and make decision. maybe it is simple when talk but you will see many thing when use my strategy on real life
I will personally not rush into something without actually having a clear thought about them. Targets prices are really set for these coins so when these actions are reached either to sell or hold you implement them.
When my coins what? If we say that my coins are lost in price, then I just leave them to better times, if I see that I have enough money that they can bring me today, then I simply transfer money into bitcoin. I think that people should do this.
everything is depends my predictions on thats coin
if i think the price will grow more, i will hold until the target what i predict mate
if i think the price will grow more, i will hold until the target what i predict mate
When a big boost, of course I sell. But not + 30% and not in one day. Here is an example of NPXS, today is a good time to sell. But I'll hold it, if there's a big boost again with the increase in trading volume, I'll sell.
I'm trying to sell at the peak price and buy when price has fallen.
It depends on my strategy and targets. If the spike strike is my target, I cash out and plan next investing ideas.
Suddenly increase 30% value not a big thing in cryptocurrency investment, so I won't do anything, if my holding coin suddenly increase at least 200% of total value, then I'll sold 50% of my total holding and buy back when price fall back again
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?
That's really based on your opinion and outlook of the coin. What do you think is going to happen next? act upon that.
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?
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