Topic: When to dump shitcoin? - page 2. (Read 1607 times)
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
I simply choose to dump my shitcoin when i dont see any price development for the past 2-3 weeks, for me its the best desicion rather than hoping some miracle will happen.its better to have something than nothing.
Hmm... this is good decided, of course you can keep your profit and capital when do that. For me, depends the cycle growth of this shitcoin and demand on market, I will choose hold or sell it.
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 that's the deadline of your investment too. Because there is no way your coin is going to pump any time soon because once project is launched it should have that much potential to bring it up. If it did not promise that one and your coin is still sitting down there then that's dead almost.
You can look out for pump groups if you know what it is. Then you can request or ask how many people have invested into that coin. If you get pretty good number then you can ask them to pump it together and have your investment backed up with it. That's going to be difficulty to manage but better if you want to get your investment back. Otherwise just take that 20% loss and move on. :-)
You can look out for pump groups if you know what it is. Then you can request or ask how many people have invested into that coin. If you get pretty good number then you can ask them to pump it together and have your investment backed up with it. That's going to be difficulty to manage but better if you want to get your investment back. Otherwise just take that 20% loss and move on. :-)
To be or not to be, that's the question. It's called a coin because it has two side, one profit, the other loss, flip it what do you see, heads or tail. You don't want to sell because you think the value might increase, good. But look ahead do you see any future for the coin, if not you may be heading for a slippery slope and this may be the time to cut your losses or end up with a 100% loss, It's sad but it could happen.
I simply choose to dump my shitcoin when i dont see any price development for the past 2-3 weeks, for me its the best desicion rather than hoping some miracle will happen.its better to have something than nothing.
you shouldn't even be investing in a shitcoin in first place!
of course there are exceptions when the shitcoin is getting pumped hard and you want to get the quick profit out of it, but it is a much riskier move and requires a very experienced trader to successfully pull that off.
also in case of these shitcoins your stop loss must be more precise. put it at a smaller loss than you usually place it and dump as soon as you see a small drop because there is no hope for them to recover.
of course there are exceptions when the shitcoin is getting pumped hard and you want to get the quick profit out of it, but it is a much riskier move and requires a very experienced trader to successfully pull that off.
also in case of these shitcoins your stop loss must be more precise. put it at a smaller loss than you usually place it and dump as soon as you see a small drop because there is no hope for them to recover.
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.
With your situation here, if you believe the coin could still pull off a miracle with any sorts of project implementations from the devs, you could consider holding for a longer term.
If that isn't the case, then search for the highest possible price during the week.
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.
It's better to accept your lose than to hold it and hope for it to pump hard later, Shitcoins is shit it is 2% chance to pump hard it depends if whales played it.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 that shitcoin dumped into 10% - 20% better to take lose and invest it into another good coins, Investing on shitcoins is very risky better to put your investment on the trusted coins that are on the toplist on coinmarketcap because all of that coins has a potential to get high value soon.
I dump mine when I think they're out if the popular altcoin status. Usually they start to go in a downtrend even when other coins going up when this happens.
I think you should be long-term hold, you should put it inside the wallet do not have to see it, wait for you after a year to see, maybe you will find a surprise, I wish you good luck!
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.
what coin? i think it is depend on the coin demand itself because if people is interesting with the coin then the price will be stay in high price. but if people is start to boring with the coin, then people will dump the price. if you have invest some $ for that coin, i think its good if you can hold for a long time because in future, every good coins will be increase the price and in that time, we can sell to take big profit.
It's already a shitcoin. Why wasting your time for that? Just selling them when you feel comfortable with the price. Most shitcoins are not moving at all. So it may take time to accumulate value. Look at Dogecoin, total shitcoin. I wonder it's still on Poloniex. It doesn't doing anything at all. For the long time of it's existence. What's their achievement? Just accept the loss and move on. This is trading. Sometimes you loss, sometimes you win. On buying good coins. Just look at coinmarketcap to see what coin is good to buy.
as soon you get any good profit
you know they are a ticking bomb that you should pass ahead before they blow
Right man, the investors that have Bitcoin inside certain coins that are really going nowhere is just best to dump immediately. If those coins aren’t dumped then the price of the coin will get to a low level like 1 sat and there won’t be a chance for the investor to get their money out as fast as they can because there would be a bunch of people trying to get their coins out as well when those people find that their coin is useless.you know they are a ticking bomb that you should pass ahead before they blow
That is why every coin should be researched before the coin is being used as an investment.
Never invest in a shitcoin, that is how simple it is, there are lots of good coins out there that has a lot of potential & is cheap right now, you may still regain your loss just be patient and dyor.
You don't invest in shitcoins, you gamble with them
You should dumpwhen you're content with the profit..
or at least made a (to you) significant enough amount that makes the trading worthwhile.
Never invest in a shitcoin, that is how simple it is, there are lots of good coins out there that has a lot of potential & is cheap right now, you may still regain your loss just be patient and dyor.
shitcoin also has a big pump in short-term, its like gamble, you better set a expected profit to quit, good coins are worth long holding and shitcoin only once
It depends on the situation, if the coin I bought showing a stagnant movement and keep on dropping then it is time to sell it, if its drop down more than 30% usually I will sell it, when an alt coin falling down it will be difficult to go up again, so dont hope yoo much it will rise
never dump until the pump. It comes around!
It depends on the coin and what will happen in future. It doesn't depend on amount of lose or profit. It seems you have chosen a coin just by chance and without any study. If I have bought a coin with purpose, I will keep that, even after a huge decrease in price.
Jump to: