What do you do when your coin spikes? - page 6.

Vanshenz

full member

Activity: 462

Merit: 101

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?

if I were in a position like that, then I would immediately sell it because 30% is already a big profit, then if it turns out the price of coins is increasing, then I will buy it again even though the price doesn't decrease, what matters is I see good potential to get greater profits.

Stakerist

jr. member

Activity: 169

Merit: 1

In the event that the coin does not reach at least the ICO price, then there is absolutely no sense in selling it!

Georgiyk

member

Activity: 504

Merit: 10

If my coin rushes up sharply, then, of course, it's time to sell it. Subsequently, I follow the schedule of this coin. If I see constant peaks and falls, then during the period of its fall, I again buy the coin and sell it to the maximum.

marjil

member

Activity: 454

Merit: 13

Quote from: GeePeeU on May 14, 2018, 11:49:33 AM

That's really based on your opinion and outlook of the coin. What do you think is going to happen next? act upon that.

Exactly! It all depends on what the OP thinks is happening and why the coin is spiking. When people know their coins they can make decisions based on known facts rather than random speculation.

Jannyh

copper member

Activity: 994

Merit: 4

Only greed will make one not sell and take profit at that point, you sell , buy ,set an order below to buy back then wait for another spike, this is exactly what I will do, can't keep waiting for 100 percent profit, before you know it, you are at a loss, or must have missed the spike. So take the little profit and buy back at dip. Continue the cycle.

ifightformerkel

legendary

Activity: 1386

Merit: 1000

In my opinion, it is quite reasonable to sell coins if their price increases sharply by 30%. In the current market, when the bears still have not retreated, it is a good opportunity to increase the number of coins. But if you do not want to risk and are afraid of losing your coins, then holding is the best option for you.

toydoll

full member

Activity: 504

Merit: 100

It's been a long time since my coins jumped like that.I'm not a professional, but if a coin jumps like that, I sell half and I keep an eye on the price. If growth continues-sell the rest of the coins. Then I wait for the price correction to buy a coin.But everyone has their own strategy.

CryptoToxicAvenger

full member

Activity: 644

Merit: 111

Depends what the coin is. If I do not believe in it and do not see its success in the future, then sell when there is a pump. But if it's a promising coin, I'll sell it and then buy it back.

tippytoes

sr. member

Activity: 1988

Merit: 275

Quote from: kingpin4321 on February 16, 2019, 07:04:22 PM

When ever the coin I have in my possession goes up my next decision would be based on
*my need of fiat at the moment
*whats the future of the coin
*was the leap based on a false alarm or FUD

I've got those in mind also when a specific coin in my possession suddenly has positive movement. If in that particular moment, I badly needed my fiat, I will sell my coins because anyway, that is already a good deal at the moment. But if I don't need the money, I will evaluate the situation if it is just mere fud or something. Of course, we need to assess if there's really future of our holdings.

Dannev

jr. member

Activity: 169

Merit: 1

I do not need a soothsayer to tell me it's time to sell when there's spike. Some will say hold for long term but I can tell, it's better to cash out profit and reinvest later.

apitico

full member

Activity: 571

Merit: 100

I so sold some coins, and a week or two later, they grew by another 50-100 percent. Here it is impossible to predict, especially if it is little-known tokens or coins.

kingpin4321

member

Activity: 280

Merit: 14

When ever the coin I have in my possession goes up my next decision would be based on
*my need of fiat at the moment
*whats the future of the coin
*was the leap based on a false alarm or FUD

Corer

jr. member

Activity: 210

Merit: 1

StableDex | Decentralized, Secure & Cost Effective

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 on what the 30% increase actually means, if it's a coin that has dipped very badly and just resurrecting I don't think I would make any hasty decisions with that spike but if it's a spike that has given good profit I cash out some, then keep a close monitoring to cash out the rest if it spikes more

fianaindriati

sr. member

Activity: 700

Merit: 250

of course when market prices soar, what we do is, immediately sell the coins that we have, if that is according to our predictions. but if we don't reach our predictions, it's better to wait for prices to rise again and we also do other positive things by waiting for prices to rise.

Huntler1993

member

Activity: 462

Merit: 13

Well it all depends on the coins you have in stock and the future and potential it has. If it really got future then you keep them safe even if the price spikes but if it turns out to have no future then then don't think twice to dump it anytime it gain some appreciated value.

nityans

member

Activity: 183

Merit: 10

n this situation, when a coin rises in price on 30% to me is a good signal to sell, I'm trying to sell it and not sell it all at once is the part that I leave on for long periods of time and usually put the price below to buy it again.

temilade200

jr. member

Activity: 378

Merit: 2

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?

How are you sure that a coin that has been able to surge to that point, will not rise above it and if it falls, it will not fall back to the price you sold it.
If you feel the profit is enough for you, sell and walkaway, but if not, you might want to risk it.
If you are a good trader, you might be able to take some reasonable risks and still be able to make your profit.

Nasonn

jr. member

Activity: 616

Merit: 1

I usually try the follow the price and to determine when it reaches the highest price and sell at that price. If it's a project I wish to still hodl, I try to buy back when the price falls.

nikola22

full member

Activity: 1316

Merit: 105

first of all it's hard to fix the moment of the highest price. but even then you think that token can grow more and don't sell it.

ataki

full member

Activity: 602

Merit: 100

If the coin spikes I am usually taking the profit and if the price dumps buying back cheaper. We do not lose until we do not sell, and we do not make profit until we do not take it. But, it really depends on the coin itself and the market situation

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