Dump as soon as possible when you noticed that a coin is a shitcoin. Do not let your doubts makes you regret more deeply in the end. Make a fast decision and forget that coin.
This is a good advice but it only applies when you make the mistake of thinking a coins is backed by many strong attributes and then you realize that you were wrong, you must understand that many people invest in doubtful projects with the hope of multiplying their earnings many times over. 
Topic: When to dump shitcoin? (Read 1607 times)
Only bail at a loss if the project looks like it's been abandoned and no one wants to try to takeover the project. If the Developer is missing and there is no team (one man show) then it might be a wise decision to just cut your losses and move on. It might be a wise decision to invest in projects that are more established.
Dump as soon as possible when you noticed that a coin is a shitcoin. Do not let your doubts makes you regret more deeply in the end. Make a fast decision and forget that coin.
This.
And 20% loss is not too much for this lesson. Others burned way more money.
as soon you get any good profit
you know they are a ticking bomb that you should pass ahead before they blow
People buy shit coins because they are hoping those coins are going to get pumped, so if you are only waiting for the smallest price increase to sell then you are better off not investing in those coins in the first place and instead only invest in projects that are solid. you know they are a ticking bomb that you should pass ahead before they blow
I put some $ into a coin a couple of months ago. And since then it's gone down a lot and stayed down. A deadline for a project update was recently met and advertised but the coin didn't even bump up. If I got out now I would lose about 20% of my initial investment.
How do you decide when it's time to dump a coin for a loss? I don't need the money but i see these other coins going up and i keep thinking about the opportunity cost of having my $ sitting in the shitcoin.
How do you decide when it's time to dump a coin for a loss? I don't need the money but i see these other coins going up and i keep thinking about the opportunity cost of having my $ sitting in the shitcoin.
Altcoins are really hard to predict. That's one of my problem, I think I've held my token long enough and missed the chance to sell it in a good price. I thought it was going out to well and now the selling price was stable at 50% mark down than it started. Maybe, I will sell all of my tokens now, and just get all the bits I can, while the coin still has a value.
There are some shitcoins which get s high value as soon as it gets into an exchange and most of the bounty hunters and early holders dump them. But it depends on which exchange the coin gets into. Some users never buy/sell in some exchanges. So look out for the total circulation and decide.
I put some $ into a coin a couple of months ago. And since then it's gone down a lot and stayed down. A deadline for a project update was recently met and advertised but the coin didn't even bump up. If I got out now I would lose about 20% of my initial investment.
How do you decide when it's time to dump a coin for a loss? I don't need the money but i see these other coins going up and i keep thinking about the opportunity cost of having my $ sitting in the shitcoin.
I do not know and less familiar about the coins you are talking about, but persist for a long time I think it is a good choice because every coin if it is good and reliable then a time its price will surely rise and you can try to immediately sell to get bigger profits. How do you decide when it's time to dump a coin for a loss? I don't need the money but i see these other coins going up and i keep thinking about the opportunity cost of having my $ sitting in the shitcoin.
Remain patient and always try as much as possible to be able to at least restore the initial capital or to get profit. wait until the price is high and do not feel you fail and keep trying to invest with a clear mind.
You always need to invest with a clear mind. And I bought alternative coins, which are popular and have good volumes of trading. Even if the price goes down after the purchase, you do not need to panic. In a few days she must rise again
Remain patient and always try as much as possible to be able to at least restore the initial capital or to get profit. wait until the price is high and do not feel you fail and keep trying to invest with a clear mind.
Thanks all! I did research when I invested and the coin was going strong. The coin has been around for several years but now the project has gone seriously sideways and the dev team has moved on to another project which they're trying to merge but it's a hot mess.
I made more than 20% in my portfolio of other coins, especially btc since I bought before the huge rise so I'll sell this pos and be more educated in the future.
I made more than 20% in my portfolio of other coins, especially btc since I bought before the huge rise so I'll sell this pos and be more educated in the future.
Dump as soon as possible when you noticed that a coin is a shitcoin. Do not let your doubts makes you regret more deeply in the end. Make a fast decision and forget that coin.
Leave shitcoin as far as you can , also as soon as possible, I don't think a shitcoin could give you profit. Leave it at this time you have 80% of your money .
When all is dumping, also join the club. If you know that it is a shit coin. Dont hold for too long, you might surprised one day that it has no value already. Shitcoins are prone to pump and dump, so be ware of this. You can ride the situation but you can exit when all is starting to dump in my opinion.
Yes this situation common in any trading I could suggest sell some of the coin when you reach the amount of capital or for very low loss then keep some for future expectations. So that you will get some fund to invest other coins.
There are many ways to trade or hodl a shit coin imho:
1. Buy the fud/hate, sell the hype!
Buy a token when it starts breaking downtrend after everybody hated it for the last weeks or months. This works almost ever. For example ETH was the most hated coin out there, because of the hard fork, before it skyrocketed in the beginning of this year. The start selling all the way up when everybody is bullish.
2. Buy the rumor, sell the news!
If there is special event like a coin . You could this happening in QWARK some weeks ago. Everbody bought in because of an upcoming coin burning and the price increased by 3 times in a few days. Right after the announcement of the coin burn the price decreased back to normal.
3. Buy the project, sell the product!
Price speculation often is driven by future hopes. This means that it usually works if you buy a project in its early stage and sell it when it has been finally launched, because the market does not see any or muss less future growth.
1. Buy the fud/hate, sell the hype!
Buy a token when it starts breaking downtrend after everybody hated it for the last weeks or months. This works almost ever. For example ETH was the most hated coin out there, because of the hard fork, before it skyrocketed in the beginning of this year. The start selling all the way up when everybody is bullish.
2. Buy the rumor, sell the news!
If there is special event like a coin . You could this happening in QWARK some weeks ago. Everbody bought in because of an upcoming coin burning and the price increased by 3 times in a few days. Right after the announcement of the coin burn the price decreased back to normal.
3. Buy the project, sell the product!
Price speculation often is driven by future hopes. This means that it usually works if you buy a project in its early stage and sell it when it has been finally launched, because the market does not see any or muss less future growth.
I put some $ into a coin a couple of months ago. And since then it's gone down a lot and stayed down. A deadline for a project update was recently met and advertised but the coin didn't even bump up. If I got out now I would lose about 20% of my initial investment.
How do you decide when it's time to dump a coin for a loss? I don't need the money but i see these other coins going up and i keep thinking about the opportunity cost of having my $ sitting in the shitcoin.
How do you decide when it's time to dump a coin for a loss? I don't need the money but i see these other coins going up and i keep thinking about the opportunity cost of having my $ sitting in the shitcoin.
You can still make profits whilst it's dropping. Just sell and rebuy the same amount at a lower point, and keep the BTC difference.
If you think you'll miss a pump though, just stay in. Ultimately as with everything it's a judgement call.
I put some $ into a coin a couple of months ago. And since then it's gone down a lot and stayed down. A deadline for a project update was recently met and advertised but the coin didn't even bump up. If I got out now I would lose about 20% of my initial investment.
How do you decide when it's time to dump a coin for a loss? I don't need the money but i see these other coins going up and i keep thinking about the opportunity cost of having my $ sitting in the shitcoin.
If you are sure it is a shitcoin, and just a 20% loss, I suggest you leave it as soon as possible. How do you decide when it's time to dump a coin for a loss? I don't need the money but i see these other coins going up and i keep thinking about the opportunity cost of having my $ sitting in the shitcoin.
In which coin have you invested? Well, you seriously had bad luck with that investment, you were lucky that they only were twenty dollars.
But i suggest you to make a good research about every coin you are about to invest, that is what i do before i invest, and it makes me invest more safely.
And about dumping coins, obviously do it when you have profit, but i recommend you to dump those coins and buy another ones.
good luck with that.
But i suggest you to make a good research about every coin you are about to invest, that is what i do before i invest, and it makes me invest more safely.
And about dumping coins, obviously do it when you have profit, but i recommend you to dump those coins and buy another ones.
good luck with that.
so true. Sometimes we only see in terms of immediate desire without research on the coins we will invest. We must be more careful and careful in making decisions.
I put some $ into a coin a couple of months ago. And since then it's gone down a lot and stayed down. A deadline for a project update was recently met and advertised but the coin didn't even bump up. If I got out now I would lose about 20% of my initial investment.
How do you decide when it's time to dump a coin for a loss? I don't need the money but i see these other coins going up and i keep thinking about the opportunity cost of having my $ sitting in the shitcoin.
How do you decide when it's time to dump a coin for a loss? I don't need the money but i see these other coins going up and i keep thinking about the opportunity cost of having my $ sitting in the shitcoin.
I have also gone such experience. My jaw was dropping at the thought that I am having losses and the rest of the alts are flying high, torn between cutting loss and jumping into other alts or holding tight and wait for the recovery. My experiences tell me that it is best to hold and avoid cutting loss. Everything in crypto trading is temporary. That's something we cannot deny.
when it 10x. shit coin can easily multiply 10 times and therefore, you can easily multiply your property many times. Hold tight and sell when it reaches your target. Many Shit coins have been pumped before and most of them give whales a lot of money
Some shitcoin didn't even make it to multily by 5x , maybe when you can already earn from it or ot took long before it pump ,then probably grab that chance already ,there's might no next pump to happen. Jump to: