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Author Topic: When to dump shitcoin?  (Read 1257 times)
batako
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September 02, 2017, 11:31:28 AM
 #41

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.

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Dullmartini
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September 02, 2017, 12:46:28 PM
 #42

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.
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September 02, 2017, 12:48:10 PM
 #43

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.

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September 02, 2017, 01:33:09 PM
 #44

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

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September 02, 2017, 02:26:23 PM
 #45

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 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.
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September 02, 2017, 02:47:57 PM
 #46

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.

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September 02, 2017, 03:18:15 PM
 #47

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.

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.

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September 02, 2017, 09:12:55 PM
 #48

as soon you get any good profit

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

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Halcyon Days
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September 02, 2017, 09:32:54 PM
 #49

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.

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

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September 03, 2017, 12:12:51 AM
 #50

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.

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September 03, 2017, 09:14:21 PM
 #51

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.
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.

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