What do you do when your coin spikes? - page 5.

primeminer

sr. member

Activity: 424

Merit: 250

Quote from: Mrmoo232 on May 14, 2018, 10:48:20 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?

there is a chance I will sell directly by selling when the price goes up, of course, I have made a profit. My goal here is to get profit so I will sell when the price goes up and wait for the price to go down and buy a good coin.

Cat Coin

full member

Activity: 532

Merit: 101

The market comes for profit, so it all depends on your strategy and your knowledge. If you work daily and follow the courses, then 30% is a good option, but always the decision is made in a particular case.

Nggedebus

sr. member

Activity: 770

Merit: 250

What i will do would be selling those coins, because it already been to long and so sad, when it sold if the price is spike then it would be the fixing of my economy and feeling after waiting for too long.

dhiraj0977

jr. member

Activity: 518

Merit: 1

Whenever I tried to sell or trade, earlier or later always loose. I found trading is most difficult job in cryptocurrency, but I now planned to just hold them restricting selling when infrequent bump occurs. I decided to sell only when I get a chance to earn more than what I bought those coins, which will take a longer time with any next bull run as I bought all those when BTC is around $19000.

GGmith

jr. member

Activity: 394

Merit: 1

I often do that without having to wait 30% of the increase in coins that I have, especially with the current market conditions that are not good, an increase of 10-20% alone is very profitable. even if there is an opportunity like that of course I will do it and buy back when the price drops.

wayaneka

full member

Activity: 644

Merit: 101

In many case many altcoin posible to going up to 100% just in single days, so when my coin spike 30%, i just use trailling stop to lock the profit so incase the price back going down i still make profit around 20% to 25%, but if the price keep going up i can make more profit.

Jrfranco

member

Activity: 786

Merit: 10

Quote from: Mrmoo232 on May 14, 2018, 10:48:20 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?

That happenings might be the good indication of selling and getting the profits, remember that not all the times you can get a higher profits, so for me I would definitely sell, we could not predict as to when it could happen again due to its volatility.

Danda23

copper member

Activity: 176

Merit: 0

Well this is a good question, once I see my coin has spiked, if I can get at least 20 percent profit from the spike, I would sell and then watch and wait for it's retracement then I buy back again while holding some profit.

Wipangga

member

Activity: 600

Merit: 10

I think if I see the price of coins soaring, I think I'll sell it soon. Because for me this is also an opportunity to get more profits, because I believe that the development of krypto prices is now getting better every day.

ObroQ

member

Activity: 238

Merit: 10

Quote from: Mrmoo232 on May 14, 2018, 10:48:20 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 mostly follow my instincts and try to "Predict" what's gonna happen next but that does not always work. Usually yes, i sell at peak and buy back at low but that was not always the case

). You just have to know that any choice you make it's for your own interests and don't regret after selling/hodling.

sapnu

sr. member

Activity: 1050

Merit: 286

Quote from: Mrmoo232 on May 14, 2018, 10:48:20 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 actually depends on the person if he or she needs that money for something like investing or buying some stuffs, but for me i will still hold it until the value maybe become even tripled and thats the time i will sell it.

fuer44

sr. member

Activity: 1680

Merit: 262

jumped immediately, because in this bear market situation surges only take a few moments and then can go down again. therefore, when there is momentum the surge is immediately sold.

Dilladupak

full member

Activity: 630

Merit: 102

if I think the altcoin I hold suddenly jumps, I think I will sell half of my investment in altcoins, and half I will invest in the long term.

mammoniter

full member

Activity: 574

Merit: 100

It depends on one's personal preference. I usually set a value wherein I sell my coins and that is usually 50%. When the increase in value is 50%, I sell my coins right away but of course it depends on your personal decision.

pinoyden

full member

Activity: 756

Merit: 102

Quote from: Jannyh on February 21, 2019, 05:09:07 AM

Only greed will make one not sell and take profit at that point,

False . greedy people do sell no matter what are the current condition of the market but as soon as they have a coin on their wallets they always find a way to sell it . wise people wont do that because they are in control of the situation . they knew that the market can still improve and can continue to grow for the better , thats why they opt to hold and wait a little more .

2tang

sr. member

Activity: 1414

Merit: 259

Undeads.com - P2E Runner Game

what I do is sell it, even though I still like the coin but I can't just ignore the benefits that I can get because I can still buy the coin again when the price drops
the most important thing for me is profit, so when there is an opportunity to take it, I will take it

MiniMountain

full member

Activity: 624

Merit: 101

BBOD Zero-Fee Exchange

Due to the long bear market I would sell my coin with that 30% gain and as you said if I see my coins goes dump after selling it then I will surely buyback all of them so in short I will a good profit after the spike.

dimastegar

sr. member

Activity: 798

Merit: 251

Small Trader

Depends on the coin that I hold and the circumstances. I often experience it. The price of the coin goes up, but I keep holding it back because the profit earned is little or no profit. And sometimes I'm willing to cut, because a coin has been dumped after some time. So, choose the best in your opinion. Because the views and needs of people are different.

roadwell890

member

Activity: 490

Merit: 11

if you already feel enough with a jump and you make a profit even though it's not too big, it's better to just sell and coins that you hold in the future don't know it will go up or even go down, so take that opportunity even if you get a little profit or even down, you will lose.
but it's up to you, because everyone might think differently, people's beliefs are different, so do what you think is right but think well.

Raymondavid47

jr. member

Activity: 546

Merit: 3

There was a time in the crypto world when if the price of your coins hit 30% gains you will still hold it because it can go higher, But now if your coins makes a 30% gain I will advise you to sell it because that's a huge profit now. You can still buy back if you think it's a good project with a bright future or alternatively you can move to another coin.

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