Well, I never buy token that above 1k sats but it also depends on how potential that token is.
But if that will happen, I will not dump the token, I will wait until my profit back and as I said, --it depends on the potential that token has either I will risk holding a little bit longer or I will cut my losses. Remember that don't sell your token under the public sale price. Pump and dump token is very risky, I will try but perhaps a small amount that only I can afford, the odds are higher in investing token, be ready for the consequences.
Topic: Would you try to accumulate now that there is a token pump? - page 3. (Read 341 times)
Let's say you have bought a token for about 1000 satoshis and weeks ago you found out the token is just about 100 satoshis. This means you already lost a lot since that time you hold it.
Now that it started to pump like from 100 sat to 150 sats, would you try to dump and wait again for its dump to at least 120 satoshis to buy back or just keep holding til you profit up to more than 1000 satoshis?
Now that it started to pump like from 100 sat to 150 sats, would you try to dump and wait again for its dump to at least 120 satoshis to buy back or just keep holding til you profit up to more than 1000 satoshis?
It depends on market behavior and the status of the token.
There should be a reason why it ended up to 100 satoshis from 1,000 satoshis. If the reason can consider a big deal, it's no way to return on its 1,000 satoshis price and will just play with 100. I will move on that token, take my losses then choose another token. Depends also on the amount I put, if that's a big amount, it will take a long time before I can recover the loss on which there is no assurance that the token will heavily be traded again. The majority of tokens are performing well only during their early phase in the market.
But in reality, I will never do that.
Yes, I've experienced such a scenario. In most cases, the best bet would be to buy lower and whenever it goes higher. If you do it a couple of times, you'll eventually reach a break-even point. In hindsight, when trading cryptocurrencies and the price drops, it might not immediately get back to the recent high but it might get lower highs/lows depending on the the current market trend
There are also cases where you might have to cut your losses and move on. Often times, when traders realize that their trade setup wasn't good, they'll be in denial and refuse to limit losses and come back at a much later time with an improved strategy.
There are also cases where you might have to cut your losses and move on. Often times, when traders realize that their trade setup wasn't good, they'll be in denial and refuse to limit losses and come back at a much later time with an improved strategy.
If there is even a little chance that the token has the capability to increase even in 50-100 satoshis, you need to grab it.
Buy at 100 and sell it once it reaches above your buying price, even if you do it many times over just to get your original investments.
Because reaching to 1k again maybe is too difficult to happen for that token because they are bound to disappear if in particular there is no solid grounds to it.
Once you get your break-even, you need to get out and not hope for more miracles to happen.
Because the truth is, it may continue to fall just like thousands of other tokens that disappeared to thin air. So save yourself.
Never ever buy a token when the price has already shot up or else you might end up buying at the all time high and never see that price again.
That's true of tokens and a lot of other investments, too. Just ask anyone who bought bitcoin at the end of 2017.If you're talking about a well-known token with decent trading volume, I'd probably hold onto it and hope for the best--you only realize a loss when you sell, but until you do there's a chance it could go back up in value. On the other hand, if you're talking about some shitty token on an exchange like Yobit that's subject to pump & dumps because of low market cap, I'd just dump it all.
There's also the question of whether the drop in price of the token is following the overall trend of the market, although in the example of dropping from 1000 sats to 100 sats isn't likely to be happening all around the market unless there's a serious panic. But assume the drop wasn't as severe as that and a lot of coins/tokens were dropping as well. If that were the case, I'd just hold and hope for a recovery.
But my real advice would be to stay away from tokens entirely. The vast majority of them are pure garbage to begin with.
I'm sure this thing has happened to most of us trader, I myself also experience this kind of situation. Losing almost 90% of the value will surely have a reason behind that. The thing I will first do if a certain coin has risen from the dreadful dump is to re-evaluate the coin and the project, If the project is completely abandoned I'll make sure to sell all of my holdings just to reduce the loss and won't ever peak at the project anymore. But if it is the opposite I can make a reconsideration of trading the token again to gain back the losses I got from the coin but this will take me a really hard time to think.
This can be called an Average down in Forex/stocks market on where you do buyback on a low point to reduce up the average entry point you had made.
A good read about average downs: https://www.investopedia.com/terms/a/averagedown.asp
The hardest part of this kind of strategy is that you cant really be sure if the coin will eventually able to recover up its price.When it do continue to plummet even more, would you still continue to buy into those lower levels?
or would already have the doubts on continuing just because you are afraid to lose even more?
Several factors would really pop out into your mind while doing this thats why it wont really be an easy as it sounds.
A good read about average downs: https://www.investopedia.com/terms/a/averagedown.asp
The hardest part of this kind of strategy is that you cant really be sure if the coin will eventually able to recover up its price.When it do continue to plummet even more, would you still continue to buy into those lower levels?
or would already have the doubts on continuing just because you are afraid to lose even more?
Several factors would really pop out into your mind while doing this thats why it wont really be an easy as it sounds.
Whenever I find myself in such situations I do have to hold as much as possible. Some few days ago I bought RLC, unfortunately I bought at the wrong time. The market went down as a ran into a loss but with a little hold I was able to make some profit on two trade. While i hold the tokens, the price appreciated with few percentage and I sold out; on that same day the market take a new turn and I bought back, at this time I made a decent profits beyond my expectations.
When you believe in a project then, holding their tokens won't be an issue. You can hold for midterms to take out profit.
When you believe in a project then, holding their tokens won't be an issue. You can hold for midterms to take out profit.
It mostly depends on the kind of token but most of them continue to loose value over time. The only way you could maybe avoid the loop would be to purchase when the market is red (buying the deep) and then wait when the price tries to rise or token boom.
Never ever buy a token when the price has already shot up or else you might end up buying at the all time high and never see that price again.
Never ever buy a token when the price has already shot up or else you might end up buying at the all time high and never see that price again.
Yes, I've experienced such a scenario. In most cases, the best bet would be to buy lower and whenever it goes higher. If you do it a couple of times, you'll eventually reach a break-even point. In hindsight, when trading cryptocurrencies and the price drops, it might not immediately get back to the recent high but it might get lower highs/lows depending on the the current market trend
There are also cases where you might have to cut your losses and move on. Often times, when traders realize that their trade setup wasn't good, they'll be in denial and refuse to limit losses and come back at a much later time with an improved strategy.
There are also cases where you might have to cut your losses and move on. Often times, when traders realize that their trade setup wasn't good, they'll be in denial and refuse to limit losses and come back at a much later time with an improved strategy.
Let's say you have bought a token for about 1000 satoshis and weeks ago you found out the token is just about 100 satoshis. This means you already lost a lot since that time you hold it.
Now that it started to pump like from 100 sat to 150 sats, would you try to dump and wait again for its dump to at least 120 satoshis to buy back or just keep holding til you profit up to more than 1000 satoshis?
Now that it started to pump like from 100 sat to 150 sats, would you try to dump and wait again for its dump to at least 120 satoshis to buy back or just keep holding til you profit up to more than 1000 satoshis?
You can actually do that as long you do able to profit with those buy and sell trades no matter what the price is and when the time you do accumulate the total amount of 1000 then
that would really be a breakeven point.I have experienced this one when i do make some investment with some shitcoins and ending up on actively trading it since it does still have some
volatility which is a good thing but if not because most likely on dumped coins doesnt have liquidity or volume then doing such stuff wont really be that possible.So you do end up
on holding a shitcoin in your bag.
Let's say you have bought a token for about 1000 satoshis and weeks ago you found out the token is just about 100 satoshis. This means you already lost a lot since that time you hold it.
Now that it started to pump like from 100 sat to 150 sats, would you try to dump and wait again for its dump to at least 120 satoshis to buy back or just keep holding til you profit up to more than 1000 satoshis?
Now that it started to pump like from 100 sat to 150 sats, would you try to dump and wait again for its dump to at least 120 satoshis to buy back or just keep holding til you profit up to more than 1000 satoshis?
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