What Will You Do If You Are Trap On A SHIT Coin ? Or Low Volume Coin - page 2.

BillyBobZorton

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Quote from: Lanatsa on November 16, 2017, 03:22:04 PM

Quote from: BillyBobZorton on November 16, 2017, 03:03:11 PM

Quote from: gentlemand on October 27, 2017, 06:51:02 AM

Leave it where you bought with a sell order in place. More often than not some nutter will give random coins a pump for the hell of it. If you bought it knowing nothing then the chances are someone else will too eventually.

While this guarantees that you will get out as soon as it hits a desired priced, there's the problem of leaving your coins in some exchange. If it's a shitcoin, and it's still listed, chances are this coin is listed in one of these dodgy altcoin exchanges. I wouldn't feel safe leaving any relevant amounts of money in say, Livecoin.net, cryptopia, or any of the other more obscure exchanges.

I dream everyday with decentralized exchanges so you can keep sell orders indefinitely and safely. Having to think about if it's worth the risk with centralized changes sucks.

Even they are shitcoins leaving them behind on exchanges would really give you unsual feeling since those are money after all and same as you said centralized changes do really sucks and the time that they are delisting this is the time you would really panic when to store those coins you have bought which you are just waiting for it to get pumped.Usually i do on this stuff when i was trapped i do normally left it behind and dont cut loses specially when i put already huge sums of money. Shit do happens on trading and get to live with it for sometime. Win some or Lose some.

I think we will finally get decentralized exchanges next year, maybe 2019... or possibly 2020 as of totally late. They will work on the lightning network, so you will be able to make buy and sell orders without actually holding your coin outside of your wallet, they will be like smart contracts of sorts. It's hard to explain but the point is the future is great for bitcoin and crypto, since we will cut the middleman of scammers (all centralized exchanges will eventually fail). Im now a bit worried about what could happen with Poloniex and Bitfinex if the Tether scam is real.

WorstTraderEver

newbie

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Merit: 0

I think the best option is cut the loss. But before you sold them out you need to check the news about that coin to see anything news happened and will it affect to the coin price or not. There are a lot of trash coin and people trapped into it everyday, some people cut the loss right after that but some other keep holding and wait until the price increase back

Alns

sr. member

Activity: 602

Merit: 250

It happened to me when i had some bitcoin cash on my exchange, i did not know what to do because i was stuck with those coins, they are useless, and maybe they have a lot of volume but they will never have the same volume as bitcoin.
I lost more than $300 because of that shitty trade, but i learned that i will never try to do those kind of scalping trades in order to take profit from it.
But yes, all the ico's tokens are having this kind of issue with those people who want to sell the coins.

babsjoe

full member

Activity: 490

Merit: 100

If the shit coin has volume, I will get out as soon as possible. If the coin is low volume, I will create some activities around the coin for volume and then get out. I wouldn't mind my loss, bacause loss is part of the experience. And experience can not be bought but money can be earned again and again!

Lanatsa

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Quote from: BillyBobZorton on November 16, 2017, 03:03:11 PM

Quote from: gentlemand on October 27, 2017, 06:51:02 AM

Leave it where you bought with a sell order in place. More often than not some nutter will give random coins a pump for the hell of it. If you bought it knowing nothing then the chances are someone else will too eventually.

While this guarantees that you will get out as soon as it hits a desired priced, there's the problem of leaving your coins in some exchange. If it's a shitcoin, and it's still listed, chances are this coin is listed in one of these dodgy altcoin exchanges. I wouldn't feel safe leaving any relevant amounts of money in say, Livecoin.net, cryptopia, or any of the other more obscure exchanges.

I dream everyday with decentralized exchanges so you can keep sell orders indefinitely and safely. Having to think about if it's worth the risk with centralized changes sucks.

Even they are shitcoins leaving them behind on exchanges would really give you unsual feeling since those are money after all and same as you said centralized changes do really sucks and the time that they are delisting this is the time you would really panic when to store those coins you have bought which you are just waiting for it to get pumped.Usually i do on this stuff when i was trapped i do normally left it behind and dont cut loses specially when i put already huge sums of money. Shit do happens on trading and get to live with it for sometime. Win some or Lose some.

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

Quote from: gentlemand on October 27, 2017, 06:51:02 AM

Leave it where you bought with a sell order in place. More often than not some nutter will give random coins a pump for the hell of it. If you bought it knowing nothing then the chances are someone else will too eventually.

While this guarantees that you will get out as soon as it hits a desired priced, there's the problem of leaving your coins in some exchange. If it's a shitcoin, and it's still listed, chances are this coin is listed in one of these dodgy altcoin exchanges. I wouldn't feel safe leaving any relevant amounts of money in say, Livecoin.net, cryptopia, or any of the other more obscure exchanges.

I dream everyday with decentralized exchanges so you can keep sell orders indefinitely and safely. Having to think about if it's worth the risk with centralized changes sucks.

bambazamba

sr. member

Activity: 348

Merit: 250

Quote from: infuser0416 on October 25, 2017, 07:55:07 AM

This Past Day I was Trap At SW Coin or Sky Way Coin is there any possibilities of holding it ?

Everyday many such cases can be seen where the other pontential altcoins turn out to be scams. Many times this has led to heavy losses to the investors.
They come up with the most tempting offers and the future value but at the end they turn out to be scam
One can hold such coins till whatever time they can or cal also dump or report about it to others so that they dont fall into the trap.

MaskOffFuture

member

Activity: 127

Merit: 10

Quote from: darewaller on November 14, 2017, 10:05:17 AM

Quote from: ?? on ??

for me, it is really hard to decide should i sell it or not. but if there's another coin that looks more promising, i guess we should sell it and then invest in the other one. easier said than done eh..

Exactly you don’t have to stick with one of the shit coins. Once you were unlucky that you had bought it and now you see this is not working properly so better is to sell it. Be read for the loss if you are getting by selling it. But use this loss and learn what the conditions are and how to deal with them. Many people are saying to keep with them, I think that will be feasible furthermore.

You don't have to stick, but if you somehow bought it, you need to deal with it. Two options come up. You will store them in long run, or you will instantly sell them to buy another promising coin. Both are hard decissions.

buwaytress

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Quote from: raven7886 on November 15, 2017, 05:55:37 PM

Quote from: Indrawan77 on November 09, 2017, 01:37:12 AM

Usually when I stuck with shitcoin no matter what coin it is, I will sell it when there are no more sign of improvement, it is better to get a little than lost it all, but I seldom buy random coin which is not popular, because I know unfamous alt coin price will never recovered once it dropped down

Isn't that why we even call it a shit coin in the first place.
I usually do not tamper with shitcoins or hold them for long and even if I will have to buy, I only do when they are at huge dips. Anything that would affect them at that huge dips and would make them to keep going lower is something terrible which is why I don't joke at all with my stop loss on those coin which is what I believe everyone should always do when holding a shitcoin to be able to manage whatever comes after.

There you go, someone who calls it out. On the very definition of shitcoin, you're taking little more than a gamble if you're buying up bags of shitcoin in the hopes of turning unrealistic and high profits.

I'm not totally averse to the idea of owning some shitcoins myself, but I treat them exactly as the gamble they are, with any spare change I put into them considered as gambling money I'm prepared to lose.

Granted, if I take stock of the total I've gambled on shitcoins, I probably lost over a hundred dollars. Nothing compared to what I've lost in actual gambling though... And these shitbags are all still trading, so you never know, haha.

BTCappu

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Activity: 516

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Quote from: NRF on November 10, 2017, 12:21:00 PM

Sell immediately and find another to invest. You have to know that the more you wait, the more you lose all your money

The best way is to sell it as quickly as possible. This is because the low valued coin has no demand in the exchange marks and could not possibly earn many shares so that the price would actually rise. So the customers for such coins don’t belong to the developed world indeed because he people there are mostly looking for the costly currencies and low valued coins such as BCTH are to be sold with half of the original price at the foreign exchanges so that you could at least earn something instead of nothing.

raven7886

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Quote from: Indrawan77 on November 09, 2017, 01:37:12 AM

Usually when I stuck with shitcoin no matter what coin it is, I will sell it when there are no more sign of improvement, it is better to get a little than lost it all, but I seldom buy random coin which is not popular, because I know unfamous alt coin price will never recovered once it dropped down

Isn't that why we even call it a shit coin in the first place.
I usually do not tamper with shitcoins or hold them for long and even if I will have to buy, I only do when they are at huge dips. Anything that would affect them at that huge dips and would make them to keep going lower is something terrible which is why I don't joke at all with my stop loss on those coin which is what I believe everyone should always do when holding a shitcoin to be able to manage whatever comes after.

darewaller

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Quote from: ?? on ??

for me, it is really hard to decide should i sell it or not. but if there's another coin that looks more promising, i guess we should sell it and then invest in the other one. easier said than done eh..

Exactly you don’t have to stick with one of the shit coins. Once you were unlucky that you had bought it and now you see this is not working properly so better is to sell it. Be read for the loss if you are getting by selling it. But use this loss and learn what the conditions are and how to deal with them. Many people are saying to keep with them, I think that will be feasible furthermore.

kamudd

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if you get stuck in a shit coin you should take a few moments and find out more about the future of the coin, and make the best decision for you.

martin1221

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That what you did is a lesson of yours and charge as experience of buying coin. You have no option but to hold it and dont do what you did already, try to research that kind of coin you want to buy so that you are far from scam coins

babyshaun

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Quote from: suzanne5223 on October 25, 2017, 07:20:25 PM

In the world of crypto currency if you invested into a coin and it suddenly happen that the coin was dump in price all you have to do is wait for the time when the coin will pump. I could remember when I invested into cloak coin last year which it later dump in price and I have to wait till this year before I could sell it.

youre right actualy when u 1st enter in the crypto investment u need to expected will dump it later or pump it later... u needed to wait a good selling price... this is a longterm way...keep it your coin maybe thats is your future.

ronafurw

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Quote from: ?? on ??

for me, it is really hard to decide should i sell it or not. but if there's another coin that looks more promising, i guess we should sell it and then invest in the other one. easier said than done eh..

That’s why it is recommended to study well about the coin before making this decision of investing your money in that coin. If there comes a situation that you find yourself in a trap of low volume coin, then it is better to sell those coins and that too as early as possible. There is no point of keeping those coins as this will only result in more loss of money. Sell that coin and invest in some profitable coin.

PointHope

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I would trade it back to Bitcoin as soon as possible.

Personaly I don't buy low volume coin for trading or long term holding.

You will observe them going up and down.

If you have one you aren't sure about lock an acceptable sell price and wait. Study it some more

Watch yourself also, learn about your own greed.

One of the lessons I learned long ago playing Las Vegas casinos; walk away. Don't chase bad money.

I do play coin like DASH, NEO, XMR, LTC, ZEC, but only small amounts.

I'm watching others, waiting learning.
There is a bunch going on!

mariaana

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Activity: 399

Merit: 16

Hold on to it. There is always a possibility of a SHIT coin to be valuable. Everything in this world are always subject to CHANGE for a CHANCE.

justdimin

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www.Crypto.Games: Multiple coins, multiple games

Quote from: creeps on November 07, 2017, 04:28:56 AM

Quote from: infuser0416 on October 25, 2017, 07:55:07 AM

This Past Day I was Trap At SW Coin or Sky Way Coin is there any possibilities of holding it ?

Well in the first place if you do analyze the market well, then this thing should not happen. Trading is risky so make your study first before you make action, i suggest if you loose not much money their then sell it right away, there is no reason to hold that coin for long term, Instead try to buy more valuable altcoins or btc than that.

There are really sometimes that after analyzing the market, shits still do happen.

Like what happened recently when I was holding a shitcoin after seeing some pump-ish kind of activity, not long after then, everyone started dumping their alts very early before the fork, which I just had to stop the loss at the point I was comfortable and then looked for a better alt to put my money into when the dips got stabilize.

You just need to have a strategy in situations like that and always plan out the right way to get back what you have lost.

wuvdoll

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Quote from: ivanst776 on November 07, 2017, 04:10:26 AM

Quote from: ?? on ??

Quote from: infuser0416 on October 25, 2017, 07:55:07 AM

This Past Day I was Trap At SW Coin or Sky Way Coin is there any possibilities of holding it ?

hold it even the price is still low because the chance of any coins are big also to become high in the future.If i experience like that i will hold until its getting high or my coins will lose i will accept that because if you sell that in low price you already already in that but if you hold it until the price going up there's a chance of profit even its risky atleast you try

For me simply I will wait for rise so that I can achieve little bit and if it will not go up I will simply take out the remaining part of my investment from it and mark this coin as red and I will simply tell others not to invest into this coin because this coin is useless and I will go for the best coin that will overcome my past loss and give me big and for this thing bitcoin is best so far and I will surely handle that situation wisely.

Waiting for a rise totally depends on the coin you are holding and the scenario or the event happening that is causing the crash. There are sometimes then you just know the coin is going to experience a crazier dip which sounds normal to dump at the slightest chance possible and look for a better coin at a huge dip as well to buy in, knowing the chances of getting your profit back is guaranteed and not ending up getting hooked on a coin that would take like forever to ever get you that profit back.

Topic: What Will You Do If You Are Trap On A SHIT Coin ? Or Low Volume Coin - page 2. (Read 2418 times)