Bitcoin Forum

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.

as soon you get any good profit

you know they are a ticking bomb that you should pass ahead before they blow

I'd say if you see something going up and you're confident you can recoup the loss from the shitcoin then go for it. Had to dump MCO after if shit the bed. Got burned bad. But I'm pretty sure it's not going to recover. Might look at something that isn't going to get dumped straight into oblivion.... like a top 20 coin or something with a possible use-case. Up to you though. Who knows.... whatever the coin is, it could end up getting pumped again down the line. If you're not too deep into the coin and you aren't holding a huge heavy bag of shit, then maybe wait it out.

This is a difficult question if you do not see an opportunity to recover your investment any time soon then I think it is better to accept your losses especially if as you said some other coins that you have analyzed seems like better choices at the moment.

If it is actually a shitcoin then dump it as soon as possible. Try to avoid investing on those shitcoins as most of them tends to be just   pump/dump scam coins without any potential, which usually ends up dying. There are even pump/dump groups where they encourage people to buy those coins. You will find them on trollbox, this forum and everywhere.

Well for HitBTC you better sell before the pre-ico is done.. Once everybody puts the coin in you're done.

at this point you are not just at a loss on the coin but losing any potential profits another coin could net you. If it doesn't appear there is any reason for another pump I would ditch it immediately and find a new project. If you believe in the coin just hold and hope for the best.

If you don't see any changes or improvement soon about it then I suggest you let go of it and look for another profitable coin in the market now. You can still recoup the 20% loss from another coin that has a bright future in the next coming months.

20% for crypto is not huge drawdown in my opinion. If coin/project is not scammy I wll hold until profit/base price
"even buffett isn't perfect"  :D

read up on time value of money / ROI / Valuation

I will dump my coin if i just get a little loss in value for my investment, But never try to dump it in the large scale to get a big loss for my value, You know that what i mean. It makes you confusing to choose which is better just try to dump in loss or try to keep them, but if there will be the next pump in the future and you will regret it.

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.

never dump until the pump. It comes around!

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

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

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.

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.
That is why every coin should be researched before the coin is being used as an investment.

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.

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.

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 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.

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.
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.

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.

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.

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.

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.

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. :-)

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.

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.

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.

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.

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.

If you are sure it is a shitcoin,  and just a 20% loss, I suggest you leave it as soon as possible.

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.

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.

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.

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.

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  .

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.

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.

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

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.

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.

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.

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.

This.
And 20% loss is not too much for this lesson. Others burned way more money.

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.

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.