Bitcoin Forum

Previously, i promoted pesobit

Got 5k psb, Sold and get total of 0.57 btc , Sold each at 10k satoshi

Bought back 7k psb at 6.8k satoshi

Hold and hold and i sold all the psb for 0.17 btc at price of 2.3k satoshi

And converting all the btc to iconomi's token

Is this a good decision? Or bad?

It is hard to speculate on that. Iconomi is still brand new altcoin maybe it has potential for rapid growth and you will score big?
But personally I wouldn't do it. I understand you want to earn quick buck fast, but converting all your BTC to Iconomi tokens is not wise idea IMO.
Especially now when Bitcoin is getting pumped like crazy, and I have a feeling it is just a beginning.

Just like any other financial markets altcoin trading comes with some risks and is not advised to use the funds meant for survival trade, that been said, it is very necessary to check the fundamental analysis of the coin you are investing into only then you can have some peace of mind.

Altcoins markets are very fast when you sleep maybe the coin you hold can be dumped o bumped so.. is very hard to say what will happen with Iconomi but.. the price right now is under the price of the ico.
Maybe will recover and will rise very slowly, who knows. I still believe In the funds collected so I recommend giving some time and see what what happens.

right now, i am staying away from altcoin markets since it has a tendency towards going down. and as you can see all the altcoins are in red right now and everyone is cashing out to go back to bitcoin.

this is temporary though, it will change as soon as bitcoin slows down.


this is a huge loss (-66%) and you should never hold that long and sell on a lot higher price with a lot smaller loss.

You really can't predict.
You made the bad decision when you bought back.

Have to be careful with alts, especially poor ones. At the end of the day it's all down to luck if you buy the right one. No real skill involved.

be careful with trade particular altcoins because the price is very unsteady however iconomi is pretty good to be considering because the dev just do success ICO and currently this coin had in the 20th position on coinmarketcap and indeed volume market for 24 hours at kraken is not high but still possible to increase next day and even though i say this is good coin doesn't mean my predictions will correct because all you do is pure of  speculate and still risky

To many speculation but nothing proven yet and how come the big exchange having some hard time to list ICN on their exchange? If ICN would really pump well you will be a lucky guy and if the ICN will soar down surely you will cry and regret why you exchange your pesobit funds to icn tokens, so lets wait for some good news if the speculation well be good state or else surely many people will cry if ICN will fail.

It's to early to tell,but you already made a good profit from pesobit,you just have to watch if the roadmap are indeed real and in progress,only invest what you can afford,there are huge risk if you put everything in one basket,but still bitcoin is still the best basket..

I agree. When trading altcoins even minutes matter sometimes let alone hours. I think the strategy should be like this: if you can sell with over 20% profit - do it right now.

at this specific period you should avoid any alt in my opinion , cause this week we saw that only bitcoin holders were the winners
and no one knows if the trend will continue , but most likely the price will keep going up these days
if you want to put your btc in other alt , at least don't go big

I don't think thats a good idea converting it to iconomi token.
Icn is just a new coin, seems price of iconomi is currently going
dump. All bitcoin users is enjoying the price of bitcoin since its
continuously rising. As altcoin price is currently goes down, though
good choice you have made profit in pesobit. Let's watchout and
hoping that Iconomi price will pump up high so everyone can gain
profit.

Well No one will be accurate but I think the decision was 75% good.It could be more good if you hold 25% pesobit.Any way i think you will be able to make good amount of money from ICONOMI.This time don't sell at loss just hold.I am holding my icn too Hoping the price will pump when they hit at polonix...Sell at $10 each.

if you bought icn at 17~19k i would say you have made a good deal. Even with the bitcoin rise the price is holding at this range and when bitcoin start to consolidate icn will probably go to 30k+.
they have a good project but still at the start so proceed with care. dont hold it .

It's hard to say really. I didn't invest in ICONOMI because I'm skeptical of money managers in general. Still, there's a definitely possibility you made the right call and you'll achieve a good return on your investment.

The way I see it, it's all about getting the right odds. If you'd bought LISK, WAVES and Factum, you would have taken a hefty loss in the first one, realized profits of 30%~40% on the second and made several times your initial investment in the third. If you position yourself correctly, the penalty for choosing losers is generally offset by one or two big winners.

My advice to you would be to build a concentrated portfolio of 4 or 5 coins or ICOs and wait for the price to appreciate. People often talk about cutting your losses short, but in my experience that is a fool's errand, due to the fact that  crypto currencies are inherently speculative and therefore extremely volatile. Let the chips fall where they may, but do perform your due diligence before investing in any single project.

you have already made some profit and made a mistake and lost some profit also. now it is time to sit back and look at your decisions and think why did this happen, if you could come up with a logical reason then use that and move on to making the next decision.


i can just tell you this:
do you think it is a good time to buy that and do you think it is going to rise?
if you are 80% sure then go for it.

I don't even know what you're talking about, OP.

Your fault is buying PSB at high price when it was falling down, it was obvious that PSB won't hold on that price, because the ICO price was just 345 sat, but I think you can recover your loss by holding ICONOMI, it has good future, I have more than 4k ICN and I believe that the price will be be much more than now in the next year.

If iconomi was so good it wouldn't need to be shilled in every thread. Think about it.

This article title sounded so clickbait I expected some ambiguous picture as the first post.. ;D I kid.

Keep the BTC, ID be remiss to move out of btc at the moment unless you have a 'sure thing'.

I really dont know nothing about that but i am really interested  if someone can teach me about that?