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Author Topic: When to dump shitcoin?  (Read 1254 times)
Dullmartini
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September 01, 2017, 07:16:02 PM
 #1

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.
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September 01, 2017, 07:26:31 PM
 #2

as soon you get any good profit

you know they are a ticking bomb that you should pass ahead before they blow
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September 01, 2017, 07:28:53 PM
 #3

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.

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September 01, 2017, 09:08:21 PM
 #4

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.
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.

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September 01, 2017, 09:20:34 PM
 #5

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.
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.


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September 01, 2017, 09:27:29 PM
 #6

Well for HitBTC you better sell before the pre-ico is done.. Once everybody puts the coin in you're done.
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September 01, 2017, 09:38:16 PM
 #7

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.
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September 01, 2017, 09:46:35 PM
 #8

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.

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September 01, 2017, 10:03:58 PM
 #9

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"  Cheesy

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September 01, 2017, 10:28:46 PM
 #10

read up on time value of money / ROI / Valuation


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September 01, 2017, 10:35:02 PM
 #11

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.
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.

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September 01, 2017, 10:42:53 PM
 #12

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.

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September 01, 2017, 10:43:43 PM
 #13

never dump until the pump. It comes around!

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September 01, 2017, 11:31:05 PM
 #14

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

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wenzuo
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September 01, 2017, 11:55:19 PM
 #15

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



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acpr23
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September 02, 2017, 12:00:49 AM
 #16

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.


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rezurect
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September 02, 2017, 12:20:53 AM
 #17

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  Wink


You should dumpwhen you're content with the profit..
or at least made a (to you) significant enough amount that makes the trading worthwhile.
btcjoin14
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September 02, 2017, 12:40:49 AM
 #18

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

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Immakillya
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September 02, 2017, 01:28:04 AM
 #19

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.

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September 02, 2017, 01:36:04 AM
 #20

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.

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.

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