It depends.
If I am bullish on a certain token (e.g., $ETHFI) where I got airdropped twice, I wouldn't mind holding it for long.
As for the rest, it will be on a case to case basis.
But mostly I sell because I've got a lot of expenses and bills to pay for the month since I only relied on a client basis income and not fixed.
And since I began airdrops, it helped me from financial disaster and no doubt that even with difficult qualifications or so it would at least help me keep going on my every day needs.
Topic: What do you do with your airdrop money? - page 2. (Read 619 times)
The title says it all, what did you guys do with the airdrop you got from projects?
Well my story is that there was an XLM airdrop that happened on Keybase. Luckily I got eligible for the airdrop and since then, I have used that kind of money to invest and increase my portfolio with more altcoins.
Although I am still hunting more airdrops, y'all already know that NOT airdrop blessed us with a good price. No one got bad allocation, but I guess it's according to the tapping effort they have made.. Similarly, these days the airdrop came back again with DOGS. Which I am sure you guys have already seen it thousands of times.. So tell me your strategies guys, it would be helpful to know more about how you use airdrop funds.
Well my story is that there was an XLM airdrop that happened on Keybase. Luckily I got eligible for the airdrop and since then, I have used that kind of money to invest and increase my portfolio with more altcoins.
Although I am still hunting more airdrops, y'all already know that NOT airdrop blessed us with a good price. No one got bad allocation, but I guess it's according to the tapping effort they have made.. Similarly, these days the airdrop came back again with DOGS. Which I am sure you guys have already seen it thousands of times.. So tell me your strategies guys, it would be helpful to know more about how you use airdrop funds.
Just like I thought, $DOGS is following the $NOTCOIN trend. Rewarding I must say especially for those who got large amounts of $DOGS. I claimed my $DOGS to Bitget and just successfully traded 50% of my bag as I expect a surge later. I'll be utilizing the exchange PoolX for a while to earn additional rewards. Reinvesting a certain portion from my airdrop money has been my lifestyle over the years. My goal is to grow my portfolio.
From my perspective, airdrop money is not as important as your own personal money, which means less stress and emotions going through the process of reinvestment. So this might be a good chance to hunt other trending projects and tokens without selling at lower prices and taking only the small profits.
In case you are in need of money, probably taking half of that money and keeping the rest once again for reinvestment of any kind. For now many airdrops are on Telegram platform and they are doing so great in creating a huge hype, successful projects and making cryptocurrencies better by filling the market with new investors.
Money of airdrops cannot be considered totally as not important, some people are making thousands of dollars a month with airdrops. Maybe it’s a chance for you to save them long term and hold them for better prices.
In case you are in need of money, probably taking half of that money and keeping the rest once again for reinvestment of any kind. For now many airdrops are on Telegram platform and they are doing so great in creating a huge hype, successful projects and making cryptocurrencies better by filling the market with new investors.
Money of airdrops cannot be considered totally as not important, some people are making thousands of dollars a month with airdrops. Maybe it’s a chance for you to save them long term and hold them for better prices.
The title says it all, what did you guys do with the airdrop you got from projects?
Well my story is that there was an XLM airdrop that happened on Keybase. Luckily I got eligible for the airdrop and since then, I have used that kind of money to invest and increase my portfolio with more altcoins.
Although I am still hunting more airdrops, y'all already know that NOT airdrop blessed us with a good price. No one got bad allocation, but I guess it's according to the tapping effort they have made.. Similarly, these days the airdrop came back again with DOGS. Which I am sure you guys have already seen it thousands of times.. So tell me your strategies guys, it would be helpful to know more about how you use airdrop funds.
Well my story is that there was an XLM airdrop that happened on Keybase. Luckily I got eligible for the airdrop and since then, I have used that kind of money to invest and increase my portfolio with more altcoins.
Although I am still hunting more airdrops, y'all already know that NOT airdrop blessed us with a good price. No one got bad allocation, but I guess it's according to the tapping effort they have made.. Similarly, these days the airdrop came back again with DOGS. Which I am sure you guys have already seen it thousands of times.. So tell me your strategies guys, it would be helpful to know more about how you use airdrop funds.
Airdrops under the XLM network? What coins is this referring to, OP? In times like this, you can really tell if it looks like it's the season of airdrops. That's why there are so many airdrops now, and it's hard to identify or find out which of them are legit.
It's almost as if I'm about to give up because there are so many games. My telegram of tap games is filled with games, and I keep deleting them because of the tasks that I'm asked to do everywhere I join tap games or group channels, so be careful.
Airdrop payouts are usually lesser in amount so it cannot be exchanged immediately so wait till the the coin will be listed on good exchange or when price reaches all time high and the other best way to use airdrop payouts is to directly invest in other IDOs or ICOs.
I have become interested in airdrops now. I gave up on them years ago, but Hamster tokens, dogs, and other tapping mining have made me come back.
So far,, it's good, so I will hold it and wait for more updates and development. Since I did not invest my own money; it's all effort, so I really have nothing to lose.
But I'm ready to dump it once I see that the developers are just making it their cash cow or planning to do a rug pull. Everything depends on the developers and the community there are coins that came from airdrops that are doing good in the market.
So far,, it's good, so I will hold it and wait for more updates and development. Since I did not invest my own money; it's all effort, so I really have nothing to lose.
But I'm ready to dump it once I see that the developers are just making it their cash cow or planning to do a rug pull. Everything depends on the developers and the community there are coins that came from airdrops that are doing good in the market.
It all depends on the amount of funds we get from the event, if possible to transfer to better crypto assets, it might be better to increase our income, but if the airdrop token has the potential to increase then we can hold it first until it reaches ATH because some airdrop tokens are usually just listed on the market and have great potential to be listed on a larger market so that when we hold the token then we can get a fairly high price.
Airdrops usually cannot maintain their price and you can see a price dump when all users sell their tokens. As a result, holding tokens from an airdrop is a big risk, and I immediately convert it into more stable and valuable coins in the early hours of listing.
If we want to get big profits when participating in the airdrop, then when the distribution occurs, we must immediately sell the coins, because the high price at that time will not last long, so as you said, we must immediately exchange them for stable coins so that we are safer.
Airdrops usually cannot maintain their price and you can see a price dump when all users sell their tokens. As a result, holding tokens from an airdrop is a big risk, and I immediately convert it into more stable and valuable coins in the early hours of listing.
Honestly airdrops or anything else, the end result is usually the same for me; put it in btc. That's what I do first, all the money I make, everything, I put it on BTC first, and then I can take a look at it and see what I can do, but first of all I end up putting it in BTC. I have been known to cash it out, keep it in btc, buy another token or coin and many other stuff, I even tried doing business once years ago, didn't do well but didn't lose money at least. So anything could happen, but before anything else, I never keep those tokens, if airdrops gives me any money, any token, I sell it as soon as I get it, and the end result becomes BTC after that.
USDT is a secondary option if there is something wrong with BTC too. Not that I think that's what we are going to see, but that does happen quite frequently and could be the result for this one as well, not really seeing it change all that much, I think USDT could be fine for anyone who chooses it.
USDT is a secondary option if there is something wrong with BTC too. Not that I think that's what we are going to see, but that does happen quite frequently and could be the result for this one as well, not really seeing it change all that much, I think USDT could be fine for anyone who chooses it.
Well, it depends on the amount I get. If it's a small amount, then I'll just leave it alone, hoping that one day the coin's price will go up, and make it more valuable. If I get a large amount, then I usually exchange it and buy another coin that has a good fluctuation in its increase and decrease, and try to increase its value by trading, or changing it into one of the coins in my portfolio.
It depends on the airdrop, If the airdrop has potential, like Dogs then I'll hold it for future profit, If I see that the airdrop is an average coin that will likely do a rugpull, I will dump it right away and buy coins with good potential to add to my portfolio.
Airdrops are also investments because you are doing things and tasks and spending a lot of time, This is not something that we used to do 8 years ago, where we only sent our addresses to the developer and they would send you your share, Now you have to work for your shares of airdrops.
with this airdrop also attracts attention and many users, and I also took this opportunity to follow this Dogs airdrop and indeed there is potential for the future, to get some rewards, by holding the existing tokens increasing the trust of those in it.
I would just my money for my goods for certain percentage of the airdrop and keep the rest to reinvest on some stocks and DCA. It's good to reward yourself with some goodies especially if you in dire need to get your dream items come true. Even though the airdrops money are free but it's so rare to get a decent airdrop nowadays, so be wise with whatever amount money you get later especially in DOGS.
Holding portion of received airdrops, and rest i'm reinvesting into alts with high profit potential, hopefully that happens and then planning to rotate those funds into safe cryptos like Bitcoin and Ethereum.
But if financial condition requires, I'd sell everything for fiat irrespective of price.
This is the best option usually works for the members with we have to invest in coin which is having best offer for us, I have also done many times to spend for my problems to be solved, but usually I never hold any portion because I was having feeling selling all is best option even few times I feel not good with my decision.But if financial condition requires, I'd sell everything for fiat irrespective of price.
I used to sell all, or would keep holding all, felt it was too extreme, as both created regrets. So, what you see above is improved version, I wouldn't say it's best but it's certainly better than before.
It's been almost three years since I felt any more money from the airdrop event, I always ignore the event. Because many airdrop projects do not make payments and after being paid, the tokens or coins have no value at all, they just become useless garbage in the wallet
.. Similarly, these days the airdrop came back again with DOGS. Which I am sure you guys have already seen it thousands of times.. So tell me your strategies guys, it would be helpful to know more about how you use airdrop funds.
It depends on the airdrop, If the airdrop has potential, like Dogs then I'll hold it for future profit, If I see that the airdrop is an average coin that will likely do a rugpull, I will dump it right away and buy coins with good potential to add to my portfolio.
Airdrops are also investments because you are doing things and tasks and spending a lot of time, This is not something that we used to do 8 years ago, where we only sent our addresses to the developer and they would send you your share, Now you have to work for your shares of airdrops.
If it is still possible, you can get a profit by buying back DOGs and selling when the price goes up again, and remember, if DOGs have experienced a 2nd decline, leave it and never buy it back with your full money, because usually the price will fall if the dev wall is not strong enough to withstand the flow of sales.
Many peoples are already started their daydreaming with this because they are feeling this is going to be helpful for them, and they will be able to have good profit, but things are really hyped with most chances we are not going to have anything positive because price is going to be fall badly, and we will be not able to have recovery as well.Well! I was lucky to be part of the ICP airdrop which was a big one for me. Then I got decent amount from NOT coin airdrop and now I am expecting another decent amount from DOGS airdrop. All that I made were reinvested into Bitcoin and a few altcoins. This is my strategy from the beginning whenever I participate in airdrop or in the past bounty campaigns I have always converted those tokens to Bitcoin and invested in a few altcoins to maximize my gains.
In the past, I was also part of many good airdrops with things were also fascinating because many times I am having good amount which helps me in many ways in bad time, but recently I never have anything from these airdrops because we are having no profit like we have few years back now usually we are having hype and lost of time.Holding portion of received airdrops, and rest i'm reinvesting into alts with high profit potential, hopefully that happens and then planning to rotate those funds into safe cryptos like Bitcoin and Ethereum.
But if financial condition requires, I'd sell everything for fiat irrespective of price.
This is the best option usually works for the members with we have to invest in coin which is having best offer for us, I have also done many times to spend for my problems to be solved, but usually I never hold any portion because I was having feeling selling all is best option even few times I feel not good with my decision. But if financial condition requires, I'd sell everything for fiat irrespective of price.
The title says it all, what did you guys do with the airdrop you got from projects?
Well my story is that there was an XLM airdrop that happened on Keybase. Luckily I got eligible for the airdrop and since then, I have used that kind of money to invest and increase my portfolio with more altcoins.
Although I am still hunting more airdrops, y'all already know that NOT airdrop blessed us with a good price. No one got bad allocation, but I guess it's according to the tapping effort they have made.. Similarly, these days the airdrop came back again with DOGS. Which I am sure you guys have already seen it thousands of times.. So tell me your strategies guys, it would be helpful to know more about how you use airdrop funds.
On the moment or time that you would really be finding yourself be able to make some significant amount of money through airdrops then the best or worthy thing is to make reinvest with those amounts.Well my story is that there was an XLM airdrop that happened on Keybase. Luckily I got eligible for the airdrop and since then, I have used that kind of money to invest and increase my portfolio with more altcoins.
Although I am still hunting more airdrops, y'all already know that NOT airdrop blessed us with a good price. No one got bad allocation, but I guess it's according to the tapping effort they have made.. Similarly, these days the airdrop came back again with DOGS. Which I am sure you guys have already seen it thousands of times.. So tell me your strategies guys, it would be helpful to know more about how you use airdrop funds.
Rinse and repeat on which on the moment that you do able to make money on something, then make use of those profits for you to deal with another project or tokens on which are new.
Of course it wont really be that always working on which we know that when it comes into this aspect then not everyone would really be sharing up with the same idea. We do know
that its a rare case that airdrops would really be giving out something big into their participants.
The key on here when dealing up with airdrop is that dont tend to expect something positive because not all projects that has airdrops would really be ending up on getting huge amount
on which most of them do really give peanuts. This is why on the moment or time that it would really be giving out significant amount then it would really be just that worth
if you do make out investment out of it so that you would really be having that multiple options on which this act is really just that needing up some common sense i would say.
If it is still possible, you can get a profit by buying back DOGs and selling when the price goes up again, and remember, if DOGs have experienced a 2nd decline, leave it and never buy it back with your full money, because usually the price will fall if the dev wall is not strong enough to withstand the flow of sales.
Well! I was lucky to be part of the ICP airdrop which was a big one for me. Then I got decent amount from NOT coin airdrop and now I am expecting another decent amount from DOGS airdrop. All that I made were reinvested into Bitcoin and a few altcoins. This is my strategy from the beginning whenever I participate in airdrop or in the past bounty campaigns I have always converted those tokens to Bitcoin and invested in a few altcoins to maximize my gains.
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