What Will You Do If You Are Trap On A SHIT Coin ? Or Low Volume Coin - page 3.

NRF

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

prtty2gal2

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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

If you ever get into such kind of situation when you find yourself falling in such kind of trap, then the only thing which can help you in getting out of this trap is to sell your coins and that too as early as possible. Holding of such kind of coins will not give you anything fruitful except this that you will be having more loss in the future. So it is better to sell those coins and invest in some good coin like that of bitcoin.

RealPhotoshoper

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Quote from: metenjean on November 09, 2017, 05:29:39 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 ?

I think we should cut some of our loses, either we cut some on the breakeven or when it starts to gained some profits. But you should also keep some reality check incase the coin become unworthy and you should always ready to cut your loses incase you need some cash from your investment Grin

Not just some , but the whole money invested! As long as you can confirm that it was completely a sh*t coin one.
Take it as your best lesson to not do it again in the future and moving on soon.
I personally never want to choose a cryptocurrency except the top 25 on the marketcap. That is my little secret.

CoinsCoinsEverywhere

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Quote from: ArIMy11 on November 08, 2017, 10:28:22 PM

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 ?

I am not familiar with that coin. But I say I am in the current situation. I have a coin and I am holding it for almost four months.im It pumps two times but in that time I am so very in school since I am a student and I set my study priority. So I missed it. Now the I am nit busy its price goes down and down and down. I feel sad at all. I do not know if I am doing the right now, I still wait for the another pump I check the price every day but in the market it is still red. I wonder if it will recover or not. If tes how? When?. It is now 0.4 dollar from its 0.8$ . I am thinking of setting its value on the exchanger but I do not how much will I set it.

Sorry to hear that. I applaud you for prioritizing your schoolwork. You don't want to give up the important things in life for crypto trading. In the future, though, I would suggest that you only invest in coins when you have time to follow them closely, at least if you're looking for a short-term profit. If you're in it for the long haul, then that's fine. But any time you're trying to make a quick profit, you need to be able to dedicate a lot of time to watching the charts. I hope everything works out for you.

pinoyden

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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..

the best thing you can do is to hold that coin and pray that that its value can pump soon and of course it can take a long time for that to happen because all of the coins are built that way espcially those tokens that is given on the airdrops. sometimes it can rise if its listed on some popular exchanges like hitbtc and coinmarketcap,

Nahl

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i have been experience just like OP said several years ago when mintpal exchange still exist i bought the coin with cheap price at 5 satoshi and untill hoping this coin rise up again then i'm watching the chart everyday but sadly this is never happened that even this coin has dropped to 1 satoshi and eventually my investment being the dust and i think before your regretted your decission then cuting your losses is the best option because there is no guarantee if there is altcoin which is the price dropped and it will be pumped immediately and i have to say trading is unpredictable

Hanebel

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Quote from: pereira4 on October 25, 2017, 12:26:42 PM

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 ?

Did you RESEARCH what you were buying before buying it?

If your coin as an active dev team, and has something unique to offer, trying to fill a niche that has not been tapped yet (such as online staking, as proposed by POSW aka Poswallet) then you can hold this coin because sooner or later there will be a pump above your entry points.

But if your coin has absolutely nothing to offer, you are basically waiting for a miracle. Sometimes, dead coins pump huge amounts. For example, Bitstar, Fibrecoin, and other coins that were basically dead, got pumped %1000 in Poloniex before they got delisted, those that were lucky to still be holding it made big gains.

This is a good advice and guide for a someone like me who is still starting to buy altcoins. It's difficult to see and know if the project is legite and predict its success but if you do angood research and takes time to read for feed backs then possible loss will be minimize.

Synaesthesia

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lol, this is a lesson for you. In my view, you should cut loss immediately, and find other coins to invest. If you still wait, no one can be sure you will lose all your money or not.

Iwannacry

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If you recognize it's trap or scam coin you should sell all that coins in cheap but if it has long term strategy you keep it for the future.

metenjean

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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 ?

I think we should cut some of our loses, either we cut some on the breakeven or when it starts to gained some profits. But you should also keep some reality check incase the coin become unworthy and you should always ready to cut your loses incase you need some cash from your investment Grin

Indrawan77

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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

Dreamchaser21

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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 true it's really hard to let go of that losses specially when you spend too much on that coin but for me if you can afford to loose that money then sell it now, don't wait for that coin to go up instead look for other opportunities out their with a good coin this time. Learn from that mistake and you will surely get back that losses.

carlfebz2

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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 ?

I didnt hear out about that Skyway coin and i havent check it yet which i cant really tell or say a thing regarding on its worth to be hold or not for long term but rest assured and common thing on trading altcoin is that we would really be trapped if we didnt able to go out on the right time and we did buy not in the right time.This is common but on the thing you do said that it has a low volume coin then its possible for it to be pumped but depending if theres a whale would really got interested into the coin.

ArIMy11

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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 ?

I am not familiar with that coin. But I say I am in the current situation. I have a coin and I am holding it for almost four months.im It pumps two times but in that time I am so very in school since I am a student and I set my study priority. So I missed it. Now the I am nit busy its price goes down and down and down. I feel sad at all. I do not know if I am doing the right now, I still wait for the another pump I check the price every day but in the market it is still red. I wonder if it will recover or not. If tes how? When?. It is now 0.4 dollar from its 0.8$ . I am thinking of setting its value on the exchanger but I do not how much will I set it.

CoinsCoinsEverywhere

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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.

I wouldn't say that analysis can prevent such things from happening ever. Certainly doing some in-depth research before investing in a coin will save you from most scams and/or coins that simply aren't going to be worth anything. But there are always going to be people who put a lot of effort into making their scam coin look good. After all, the payoff could easily be in the millions.

gabmen

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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.

Easier said than done. Especially if you've already bought one. Most shitcoins die away along with your money so as much as holding would be a good idea, if it seems that there's no chance for that coin to recover, save your losses. Though this can be avoided through proper preparation

creeps

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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.

ivanst776

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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.

eaLiTy

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Quote from: infuser0416 on October 27, 2017, 04:57:19 AM

Bought it at yobit
.00000510btc then it crashes alot Sad

There are a ton of coins that is made solely for yobit which is simply used to scam people their money,just to create a hype in their chat session and trapping new users like you as if it is the next big thing and will start their fake pump and once they trap enough users they will start their dump taking away your money and you will be stuck,i am still not sure whether the site itself is behind all these fake coins but one thing is sure,they accept everyone,so be careful when you invest in crypto ,make sure that you invest in something good rather than just the hype.If i am stuck i will keep that and monitor the coin and if by luck if there is any movement in it sell it off completely ,usually those coins wont move as they will come up with another coin,that is what i have seen.

dsaijz03

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The decision is your if you are gonna save it or not. If you believe it will not come up good then learn from it and move on life must go on but If you believe it is good then save it as an asset.

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