First of all I would sell before it went down that much. I would put a stop loss at 50% loss and get out, I probably wouldn't get back in neither and just see that as money gone because I do not believe that coins that dropped over 50% in the past year would be easily recoverable so that is just money gone and you can forget about it.
However lets say I want to get back in, after I sold at 50% I would just buy even more at lower rate and hope for it to go back up. However if I waited until it is 100 satoshi to sell and it went up, I would say what could be the harm in buying more and just go all in with the same money and hope for it to go up. I can't really think the way someone who did that could think, that is wrong on so many levels already, doing one more mistake doesn't sound too bad.
Topic: Would you try to accumulate now that there is a token pump? (Read 376 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?
I have never been in that kind of situation, but if I find myself in such a situation I would be confused as to what to do. I think I will continue to hold till I recover my losses. You said you bought the token at 1000 satoshi and then it fell to 100 satoshi, that’s a very big loss, and even the 150 satoshi you said is the current price still doesn’t make any sense to me because you’re still at loss, it’s not yet even up to half of your buying rate.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?
So for me, I would think that it is best that you leave it for now and have patience, there is likely to be a chance for it go up in future, maybe it’s a new project that you’re referring and things don’t happen in a second, it takes some time. Unless you feel like it’s going nowhere, then you can sell. Your choice though.
To OP. Averaging is one of trading strategy. This kind of strategy is the answers about the questions that posted in your thread.
But if you are an investor type, you will not care about all those movement price, because investors usually have set a "selling price" (more to prediction) for minimum next 3 years.
But if you are an investor type, you will not care about all those movement price, because investors usually have set a "selling price" (more to prediction) for minimum next 3 years.
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?
I rarely faced in this situation. I will never buy another after selling by 10x lower price. I already lost so much money so it is not fair to buy tokens related on this. Thanks. 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 looks like the replies I got hasn't help me decide still. I'm curious if it helps you think of holding if you learn that the token is still on Binance with more than $1M volume a day and increasing.
The rest of the exchanges where it is like in Okex still considerable. Would you be able to think of dumping the token if its almost pumping gradually like the previous bullrun?
If I was in that position I would sell my coins or the term cutloss to wait for the price to return to 1000 satoshis of course it would be difficult and it would be slow if it had been dumped 90%, I would sell and wait to buy it back at the lowest price, yes that's from my personal point of view
Better sell and try to buy other projects that is worth trading, it will be only like stock market if he keeps focusing on a coin that is to slow in response that will makes more months or years to increase knowing it just pump only now due to hype of defi. He might consider selling it to find a better coin to buy. 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 the development of the project, if the coin is in negligence stage you don't have to wait for the price to recover, you have to dump and cut your loss, if the coin is in developing stage and market is showing improvement and there are still a lot of updates coming from developers then waiting for the price to appreciate is the best that you can do.
Most of us do certainly accumulate tikens when there is a dump and hold it up until such time that it pumps up gaining a profit and does it again all over again. But such scenario is still dependent on what token are we talking about in here because there are certain tokens that when starts to decrease in price just continue to drop down and the holding becomes senseless. So before deciding to buy at dump, be sure that what you are planning to buy do have a potential to increase in price or else you would just suffer dumping the price of your holdings and won't get any profit in return. Once you have undergone the step of determining a potential token that is worthy to be purchased that is the time you will wait to buy it a lower price and hold it until price pumps to get your profit.
Better know the token first by undergoing thorough and in depth research about it before engaging on buying and holding so you won't end up wasting your money for something that is not certainly profitable at all.
Better know the token first by undergoing thorough and in depth research about it before engaging on buying and holding so you won't end up wasting your money for something that is not certainly profitable at all.
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?
We all have different preferences and if that is your target and think that you are satisfied with that a few sats gain, there is no problem. But somehow, not all have been through with those small gains, most of us want more and that is why we keep waiting. 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 is also so important to choose promising coin/s to invest, not just by simply seeing it pumps today we have to invest by then. Definitely, it is a wrong idea. Many got fooled with those hypes and lose their money, then they complain about being unfair, being scammed, or any negativity. But above all, it is our fault and it is because we not listening and we don't even spare time to make search and find if this project has something to expect good results.
According to my experience, most of the tokens, whose value falls dramatically, do not return to the rise to their base price except in rare cases, and therefore my strategy in such cases is to sell when the token price increases a little so that you get the best price.
In the event that the token has a good project and I feel that it can return to rise again, I follow another strategy, where I sell 25% of the token, for example, at the highest price it reaches and keep the rest, which may rise at a later time. If the price drops further, I buy again (with the amount I got from selling 25% of the token) until I increase the number of tokens and repeat this process several times until I have a good number of tokens.
In the event that the token has a good project and I feel that it can return to rise again, I follow another strategy, where I sell 25% of the token, for example, at the highest price it reaches and keep the rest, which may rise at a later time. If the price drops further, I buy again (with the amount I got from selling 25% of the token) until I increase the number of tokens and repeat this process several times until I have a good number of tokens.
In short, if you bought for 1000 and it's now worth 100 then it lost 90% of value. Something like that shows the token is a worthless shitcoin and/or you bought at the top.
Normal coins don't lose 90% of value in a week or so. If a coin does that it's worthless. It means it's a scam or it has no liquidity or the team bailed which also means it's a scam.
Hypothetically if I missed and already lost 90% I'd set up a sell order for at least 50% of value and wait for a pump. Chances are the coin will pump.
Normal coins don't lose 90% of value in a week or so. If a coin does that it's worthless. It means it's a scam or it has no liquidity or the team bailed which also means it's a scam.
Hypothetically if I missed and already lost 90% I'd set up a sell order for at least 50% of value and wait for a pump. Chances are the coin will pump.
If I was in that position I would sell my coins or the term cutloss to wait for the price to return to 1000 satoshis of course it would be difficult and it would be slow if it had been dumped 90%, I would sell and wait to buy it back at the lowest price, yes that's from my personal point of view
Better sell and try to buy other projects that is worth trading, it will be only like stock market if he keeps focusing on a coin that is to slow in response that will makes more months or years to increase knowing it just pump only now due to hype of defi. He might consider selling it to find a better coin to buy.
If I was in that position I would sell my coins or the term cutloss to wait for the price to return to 1000 satoshis of course it would be difficult and it would be slow if it had been dumped 90%, I would sell and wait to buy it back at the lowest price, yes that's from my personal point of view
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?
If they are a day traders and believes that project is nit going to fall off much from that dump will buy more tokens at the deep down and have sell for the small profits of 150 sats the buy back at 120 sats, in trading loss is inevitable either you have to accept it or stop doing 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?
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Using 'pump' there won't be the right choice of word if you ask me, it's barely recovering and not even close to pumping. That project used in your illustration was dumped and you should be very careful reinvesting into the project as the chances of lossing more is high. Probably it's a bear trap waiting to trap more Investors. Most time when things like this happen, it'll advisable to watch from the sidelines instead of trying to gamble your chances of outsmarting the whales manipulating the market.
Don't forget you only lose when you sell, if you strongly believe in the project and the crab they're selling then hold onto the bags you bought as you dumping, then waiting for a drop might be a regrettable decision although sometimes it actually works out perfectly but still the chances are slim.
Don't forget you only lose when you sell, if you strongly believe in the project and the crab they're selling then hold onto the bags you bought as you dumping, then waiting for a drop might be a regrettable decision although sometimes it actually works out perfectly but still the chances are slim.
I think pump is not happening yet and this is still a good time to buy token for longtime.
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 your project that you have invested on. If you consider it good, you can hodl but if you don't see itvto increase you sell at a little profit or price you bought.
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 your project that you have invested on. If you consider it good, you can hodl but if you don't see itvto increase you sell at a little profit or price you bought.
it is hard choice between to hold token or sell token to avoid more losses.
If the token is not popular with low volume on the exchange I will choose to sell quickly then buy a good token with big volume.
You are a Hunter and i know Majority of your Accumulated tokens or coins goes to the exchange right away once you get paid If the token is not popular with low volume on the exchange I will choose to sell quickly then buy a good token with big volume.
and this is normal because you are joining Bounties to gain and earn since Payments for Bounties now are really cheap and almost not
enough for the Job you've don.
But if we buy coins with a small volume, then don't hold the coins for too long.
is that you need to accumulate ?
Isn't that stupidity?
it is hard choice between to hold token or sell token to avoid more losses.
If the token is not popular with low volume on the exchange I will choose to sell quickly then buy a good token with big volume.
If the token is not popular with low volume on the exchange I will choose to sell quickly then buy a good token with big volume.
I make a decision depending on the volume of the coins, the greater the trading volume, the safer the coins are to hold.
But if we buy coins with a small volume, then don't hold the coins for too long. Due to low volume coins, will be more
difficult to sell. Therefore, if the coins purchased are of low volume, and the price is dumped, I will cutloss the coins.
But if we buy coins with a small volume, then don't hold the coins for too long. Due to low volume coins, will be more
difficult to sell. Therefore, if the coins purchased are of low volume, and the price is dumped, I will cutloss the coins.
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?
Of course I would wait for it to rise to more than 1000sats, the reason is simple, even Bitcoin is not in a bullish trend, when bitcoin reaches its bullish trend automatically those currencies are very likely to rise in price, this is why most investors are looking for these coins to pump and earn and then pass it to bitcoin.
If token valued came from 1k Satoshi to 100 Satoshi and you still holding that token you have no other way to wait for price recover which is also can be impossible for recover price. So in this condition you have only two options first is to hold it means waiting for price recovery and second things is buy more to average your price. But buying more when you find that price in uptrend. That's way may be you can recover your loss. Their are many coins have it who give big loss to their investors. So good advise is that keep away that kind of shit coin and always be with top 10 or top 50 coin on coinmarketcap.
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?
Well it depends on the situation and the reason why it get dump from 1000 to 100 within few weeks. If the reason is because of the whole market bearish status and its going with the flow then I think its understandable. My decision would be depending on the token's status if it is a good one and not the usual token with a pump and dump scheme. If there's a future then I might hold and wait otherwise I will sell and move on.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?
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?
No specific answer to this because there are a lot of different altcoins in the market. One could be just experiencing corrections and will able to recover. While the other one could be just a pump dump which will eventually die and never recovers.
Let's say if this coin has a good volume of trades in different crypto trading platform, I suggest not to dump but to wait for the dump and buy (that only If you have a very high risk tolerance). You might lose twice, but It's worth the risk when it pumps back again at 1000 sats.
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?
Well it depends on the situation and the reason why it get dump from 1000 to 100 within few weeks. If the reason is because of the whole market bearish status and its going with the flow then I think its understandable. My decision would be depending on the token's status if it is a good one and not the usual token with a pump and dump scheme. If there's a future then I might hold and wait otherwise I will sell and move on. 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?
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's quit understable that know one will tell market how to operates or determine for market rather market will determine for you, because we all dance according to the tones of market.
In my own personal opinions I will say that if you have money to get new one and dumped the old one you better do it,because is market that determine to avoid excessive lost.
Thanks op.
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 was like a scenario that i seen before where they only got fooled twice .
you already given a chance if ever the coin you invest recovered a bit so why sell too early ? why not wait for more recovery so that you can sell without loosing or if you got lucky you can still earn something . if the problem was solved , i wont came back investing because that gives me bad experience .
Ride the hype, quickly quit after profit, and watch them die.
The hype is real these days, I've never seen people who got this hype before, not even in 2017. We see a lot of projects pumping last week, quite silent for now tho, where are the LINK and BAND fans? seems you guys are bit frustrated after seeing the price went down instead of going $20. Sometimes the hype are being started by the team itself, they are just giving you an update which is not that great but sounds great for you. Anyways it is really cool seeing a version 2.0 of something.
The question is would you able to ride it on the right time? Majority will fall on ending up to ride when they are already in the end-part of the rope.This is pretty common and this hadnt only The hype is real these days, I've never seen people who got this hype before, not even in 2017. We see a lot of projects pumping last week, quite silent for now tho, where are the LINK and BAND fans? seems you guys are bit frustrated after seeing the price went down instead of going $20. Sometimes the hype are being started by the team itself, they are just giving you an update which is not that great but sounds great for you. Anyways it is really cool seeing a version 2.0 of something.
happen on this time but since this market was started.Hype is just part of the ecosystem on where shitcoins been pumped and dumped hard until they do die and repeat the same process.
Lucky for those people who do able to join the ride and unlucky for those people who got caught into the peak price and ending up on holding lots of shitcoins into their bags.
Mistakes are there but in next time you would be aware on how this market moves and do make out fake pumps for lots of people do believe and get fooled.
Ride the hype, quickly quit after profit, and watch them die.
The hype is real these days, I've never seen people who got this hype before, not even in 2017. We see a lot of projects pumping last week, quite silent for now tho, where are the LINK and BAND fans? seems you guys are bit frustrated after seeing the price went down instead of going $20. Sometimes the hype are being started by the team itself, they are just giving you an update which is not that great but sounds great for you. Anyways it is really cool seeing a version 2.0 of something.
The hype is real these days, I've never seen people who got this hype before, not even in 2017. We see a lot of projects pumping last week, quite silent for now tho, where are the LINK and BAND fans? seems you guys are bit frustrated after seeing the price went down instead of going $20. Sometimes the hype are being started by the team itself, they are just giving you an update which is not that great but sounds great for you. Anyways it is really cool seeing a version 2.0 of something.
It depends on the token of course and its volume also in my case I didn't buy a token without looking at its history and what that coin is all about you should consider the use of the token since you don't know whether that token is just for short term and cannot be used in the future.
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?
When I read examples like that the first thing that comes to my mind is what kind of strategy people are using when they are investing in those coins, what kind of trader or investor allows himself to lose 90% of his investment in one coin and it is still holding their coins? I could understand if a person did that while holding bitcoin or even ethereum but doing this for a coin which you you do not know if it is going to keep existing is a huge risk.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 is important for people to remember that one of the most important skills that you can have as a trader is to be able to manage your risk and to do so conservatively, many books about trading consider losing 2% of your capital in a single trade to be the most that you can endure in order to become successful long term in any market and losing 90% is simply unacceptable.
The token actaully hit the ATH last bullrun. All of us in crypto has tons of money which I bought more of these token amounting to $60K. I'm the kind of investor thats hopeful but forgets to check for updates. I tend to forget the tokens since we are ll busy on our jobs and trading for USDT is still the one that we normally do here even in the long bear market.
Now the delima is that whether the token will still hit its all time high after all the volume increased up to $6M still. At the same time I'm in the hurry to profit this time and would like to profit more by holding Aave. Whether to trade to accumulate, wait for the price to hit ATH or dump to buy Aave. These are the options I'm thinking.
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?
When I read examples like that the first thing that comes to my mind is what kind of strategy people are using when they are investing in those coins, what kind of trader or investor allows himself to lose 90% of his investment in one coin and it is still holding their coins? I could understand if a person did that while holding bitcoin or even ethereum but doing this for a coin which you you do not know if it is going to keep existing is a huge risk.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 is important for people to remember that one of the most important skills that you can have as a trader is to be able to manage your risk and to do so conservatively, many books about trading consider losing 2% of your capital in a single trade to be the most that you can endure in order to become successful long term in any market and losing 90% is simply unacceptable.
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?
Really hard to say, I mean we don't have any idea if that coin is going to be pump 100x or even 1000x. And that's why we should have a entry and exit point to protect us from being illogical and have emotions in our trading. In my case I would exit @150 sat and then look back. I probably will go and shift my funds to other pumping coins and then rinse and repeat the process. 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?
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?
As long as you will exit with a good profit the value is just a coins you are buying is just a number. 20% to 30% increase of price is good time for selling if I am the one who will decide for it .don't wait for too long because you will never know what next thing will happen to the market short trader is the most safer strategy for traders that want a quick bucks.
If you truly believe in that coin or token by doing your own research (DYOR), go for it and grab the opportunity to accumulate more when there are signs of pumping.
However, risks are still there. The biggest skill that you need to implement no matter where the price goes is risk management. We have to prepare ourselves in case the price goes the other way around and not what we expect.
If we accumulate more when the token price is pumping, we have to be prepared mentally and emotionally because the market is very unpredictable and volatile.
However, risks are still there. The biggest skill that you need to implement no matter where the price goes is risk management. We have to prepare ourselves in case the price goes the other way around and not what we expect.
If we accumulate more when the token price is pumping, we have to be prepared mentally and emotionally because the market is very unpredictable and volatile.
Sell in pumps and buy in dumps. That's basically the only thing you could do to ensure that you'd get back your losses, though it may take a long time for a proper recovery to even happen. It's not like you'd successfully enter a period of buy low sell high every time after all. This is considering just the market, without care for the prospects of the project though. If you think that the coins is worth holdiing cause the project would shine in time, it'd probably be best to hodl, and start a trade for buy low sell high separately instead.
Plus, there's also studying the reason why it went from 1000 satoshi to 100 satoshi, and play around the reason around that and make a suitable plan for it. There's never really a set plan for each coin since different coins have different matters that happen to them, so just act suitably with what you think is best. I'd rather stop thinking of profiting at first with this kind of scenario and would rather just think of how to break even tbh.
Plus, there's also studying the reason why it went from 1000 satoshi to 100 satoshi, and play around the reason around that and make a suitable plan for it. There's never really a set plan for each coin since different coins have different matters that happen to them, so just act suitably with what you think is best. I'd rather stop thinking of profiting at first with this kind of scenario and would rather just think of how to break even tbh.
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?
If you still have money, you can buy back at a lower price, but you can also wait for longer until the price can back at least to the price that you bought. It will depend on what strategy you use because you can ignore to buy that token at a low price instead of waiting for the price increase. Besides the strategy you use, that will depend on the token itself because we will buy back at a lower price if we are sure that the token can increase more than the price you purchased.
I have those experiences with some new coins. I thought that I already buy at a low price, so I don't do anything and wait for the price increase. But suddenly, the coin price drops too deep, and after I wait for a while, the coin has an update, so I think the coin can increase higher. I decide to buy back for some amount and still hold the price increase.
First, I will base on my plan of buying, like is there any stop-loss planned after you bought the token?
Also, base it on your price target after buying the token.
It's really difficult to sell at a loss unless you planned it like stop-loss, but what happened is by your own mistake or some foolishness.
But if you really trust your decision and the reasons why you bought the coin at first, then you will wait to breakeven or wait for profits before dumping it.
Also, base it on your price target after buying the token.
It's really difficult to sell at a loss unless you planned it like stop-loss, but what happened is by your own mistake or some foolishness.
But if you really trust your decision and the reasons why you bought the coin at first, then you will wait to breakeven or wait for profits before dumping it.
If the coin you bought has good potential then buying again at a lower price is a good choice, but if the project is not progressing, it is better to sell it when the price goes up.
but if you hesitate to sell then you can sell half of it and save half of it, this is one of the trading management to keep your emotions.
but if you hesitate to sell then you can sell half of it and save half of it, this is one of the trading management to keep your emotions.
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?
I wouldn't baghold from 1,000 to 100 satoshis. I'll tell you that much.
Without considering the underlying fundamentals and state of the market, after a 90% drop you should generally expect a very long, painful grind as far as price recovery goes. Think about the post-2013 and post-2017 bear markets in altcoins, and how long it took those to recover. So yes, that means selling into pumps and remaining in profit-taking mode.
Quite alright, the pump is encouraging but we all have the idea that it's not at its best. I would not want to waste my token which I have taken time to build, and in the same vein, one has to be very wise and prompt enough not to lose and start regretting, for me, I am trading a certain percentage and hodling the remaining in other to reduce the risk. Since pump are not always forever.
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.
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.
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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