What Will You Do If You Are Trap On A SHIT Coin ? Or Low Volume Coin

[aencarnaci]

It will really depend on you if you will hold it and wait a little longer or just sell it. It would all depend on you on how much loss you can afford.

Like you said here this is really depending on the person who is making all the things according to plan. There may be selling which can suit you or you can go for holding for better results. When you are coming in this world, and you are taking a proper start, believe me that is the supreme time for you to make your plans. How, when, what, where these all should be covered well.

[hakuna]

It really depends on your expectation for the coin, if you think it will come good in the long term then of course hold it, if you think it will never improve then get rid of it and try again.

Yes, Is the project behind the coin a good project? Is the team communicating and answering to people arguing about the price? If so, hold: everything in crypto is cyclic and we hopefully will see a new ALT season soon.
If the project is a scam, I would try to exit and limit losses.

[Hassan02]

This Past Day I was Trap At SW Coin or Sky Way Coin is there any possibilities of holding it ?

this is the situation where anyone can experience so being trap on that coin the best thing that you can do is to hold that nothing can ever do because that was a shit coin so if there is a miracle it may pump but when there is no and that was totally shit coin hold it until it dump. sorry for that but who knows if may that pump, accept that anyone of us here can experience that kind of scenario even me ive experience that. we should accept our loss sometimes.

[CoinsCoinsEverywhere]

I know nothing about Sky Way Coin, but if there are serious problems with it, the odds are very much against it surviving.  My general take on such situations is that if I have something left of my investment, it's better to get out.  If I've lost just about everything and the further loss if it goes to zero is minimal, I might just hold onto it, hoping that someday it will either recover somehow, or that it will at least get pumped.

Whatever you do, here's one piece of advice: make sure that you contemplate this loss and how you got there.  Stare it in the face.  Think through your experience with this investment, and come to terms with the mistake you made.  It will be uncomfortable; it will be painful.  But if you accept that you made a mistake and find peace, you are much less likely to make the same mistake again.  If you try to ignore it, play down it's importance, or blame someone/something else, you're much more likely to repeat it.

Thanks A lot, yah I have been writing it on my journal yesterday To painful

Yeah, I'm sorry things didn't work out for you (I can empathize, having been in similar situations before), but I'm glad to see that you're writing about it.  Anyone who trades for a while will make their share of painful mistakes.  Facing them builds strength and character, and will hopefully better prepare you for future trading (as well as other things in life).

[MOTHIT]

Some time we take wrong decision and it is not that much easy to come out of it when ever we trapped our self in a low volume coin we should take the decision immediately other wise what ever we invested will be lost and nothing going to be in our hand for the rest. Always if we did mistake unknowingly we should not windup in the same to come out of it so we have manage our self some how and take the decision to come out and try with the best this is the wise decision I might take.

[pugman]

This Past Day I was Trap At SW Coin or Sky Way Coin is there any possibilities of holding it ?

You can definitely hold it for sometime because sometimes what whales do is promote a shitcoin, increase it's price artificially and then suddenly dump it and the future of the coin is nothing else than it belonging to a graveyard. So you can wait for either that to happen or you can wait for the price to increase naturally or just sell it at a loss.

[haroldtee]

This Past Day I was Trap At SW Coin or Sky Way Coin is there any possibilities of holding it ?

Well, you said it yourself in your topic… It is a shit coin and I really wonder why you would allow yourself to get trapped in a shitcoin in the first place. Since it is a low volume and you feel it might still get a chance of being pumped in the future which I doubt, then you can decide to hold it or if you feel it has the possibility of growing in the future, you can still hold it.
However, if you know there is no way which I am sure you already do, you better sell and buy a more prospectful coin now at the dip and sell when it gets pumped. At least with that, you may realise some of your profit back.

[Cointertrade]

This Past Day I was Trap At SW Coin or Sky Way Coin is there any possibilities of holding it ?

I think you need to hold every coins if it is shitcoin or has a low value. But if this will be a forever shitcoin then we can't never do anything but only to hold this and keep it to your wallet. You shitcoin will be your lucky charm to earn a lot of coins.

[Frank0209]

At first I think you should make some research about that coin to find out that if it has any potential to increase or not then you can cut your loss if there are nothing news about the coin you're holding. There are some new traders often afraid when the coin they're holding dump then they sold it all to cut the loss without doing any research and now they're feeling regret about their decision cause the price of that coin increase very high after that )

[audaciousbeing]

I am currently trapped on one and I don't even know what to do about it even after I move it from once exchange to another, it just seems people all over the globe are just not interested in trading this particular coin. What really happened was that I bought a little then but the price increase rapidly forgeting that there are some factors that could be responsible for that other than the forces of demand and supply, I then went in and not too long from that, a lot of dumping started happening that it got to the point that even with several sell order, there is no buy order.

I think when the mistake is already made, then there is nothing to be done to undo it all that is needed is the lesson learnt from it which is something I wont forget never to be ruled by timing, do your due diligence before investing in any coin.

[Emitdama]

It will really depend on you if you will hold it and wait a little longer or just sell it. It would all depend on you on how much loss you can afford.

Like you said here this is really depending on the person who is making all the things according to plan. There may be selling which can suit you or you can go for holding for better results. When you are coming in this world, and you are taking a proper start, believe me that is the supreme time for you to make your plans. How, when, what, where these all should be covered well.

Exactly when there are chances for you coming ahead then it is only you who can either chose number one or two or so. Like if you say, you are at a point when you have to choose between selling and holding. Then you will reinvestigate your strategy and find out what will be more suitable for you in the end regarding results. Be wise in your strategy den plans that will lead you to an amazing end.

[xenxen]

you dont have choice but tou need to hold and wait to raise your coin.. before buying a coin just read there whitepaper and rooad map to avoid for buying a shitcoin..

[shoreno]

This Past Day I was Trap At SW Coin or Sky Way Coin is there any possibilities of holding it ?

Well, you said it yourself in your topic… It is a shit coin and I really wonder why you would allow yourself to get trapped in a shitcoin in the first place. Since it is a low volume and you feel it might still get a chance of being pumped in the future which I doubt, then you can decide to hold it or if you feel it has the possibility of growing in the future, you can still hold it.
However, if you know there is no way which I am sure you already do, you better sell and buy a more prospectful coin now at the dip and sell when it gets pumped. At least with that, you may realise some of your profit back.

well maybe op get that sh*tcoin on an airdrop or on a bounty campaign but yeah the only thing that he can do is to hold it like a pro and sell it until the time comes that the coin will pump or have a sudden increase on the price or he'd  better sell and trade if he dont have a patience to wait then just move on to another valuable and worth it coins like etherium,waves, omg, neo , etc..  altcoins that is on top 10 will be a good choice.

[Casdinyard]

This Past Day I was Trap At SW Coin or Sky Way Coin is there any possibilities of holding it ?

I think you need to hold every coins if it is shitcoin or has a low value. But if this will be a forever shitcoin then we can't never do anything but only to hold this and keep it to your wallet. You shitcoin will be your lucky charm to earn a lot of coins.

Exactly because you're too late now to back off. I believe that when you bought that coin there's something inside you that somehow you believe in that coin so now when something came up that you didn't like you feel that it's a shitcoin. Better you hold to that coin and just wait to pump, we can't really say if it will be forever shitcoin as we all know that crytocurrency is unpredictable game. And surely, you learned one lesson.

[ultrloa]

This Past Day I was Trap At SW Coin or Sky Way Coin is there any possibilities of holding it ?

I think you need to hold every coins if it is shitcoin or has a low value. But if this will be a forever shitcoin then we can't never do anything but only to hold this and keep it to your wallet. You shitcoin will be your lucky charm to earn a lot of coins.

Shitcoins or not all coins that been dump will be ideal to be holded on since if we can't do that then it will be sorry lose for us, But if he can you can risk and accept the lose then be it since this one can teach us a lesson and maybe we can be better on our next trade here.

[xKARELx]

This Past Day I was Trap At SW Coin or Sky Way Coin is there any possibilities of holding it ?

just leave them and save up..you never know in what period is this coin will cost almost the same as bitcoin))

[ramsdaj28]

No one gets it I think, There are no new projects with every new coin launched, They are just the same whitepapers and ideas with different names, There are more than 1200 coins according to CMC but only 2 innovative concepts. A crypto currency/ bitcoin & smart contracts/ ethereum, What else these two are incapable of doing? If you are looking for someone to blame then you are the sole responsible for your loss.
Holding them is your only option.

Although these new altcoins/tokens have only 2 innovative concepts, the important thing, in my opinion, is how these coins should be used and how people should cooperate so that the project will be successful. There's actually nothing we can do on how these altcoins are made and from what are they designed, but we can do something to help the devs attain the objectives of their projects.

Yes, they have almost the same whitepapers, roadmaps, names, etc. But the thing here is where, when, and how these coins should be use. Anyways, I can't blame the people who sell these coins immediately after they receive their coins because we're actually all about the MONEY here, but don't they realized that selling these coins at their lowest price is not good to both the project itself and the other people who holds it?

If that's the case, there's really no other choice but to hold it and wait for a miracle that the price of that coin will rise up sooner or later. That's still possible, but not probable.

[steveabrahams]

This Past Day I was Trap At SW Coin or Sky Way Coin is there any possibilities of holding it ?

If there is no chance for that coin to have a good price in the future or the project is abandoned, i will choose to let it go and move on. Shit coin like airdrop thing is usually ended like that. Lesson learned though, don't hold a coin that have no future on it. There are many new coins everyday and just pick it.

[dsaijz03]

The decision is your if you are gonna save it or not. If you believe it will not come up good then learn from it and move on life must go on but If you believe it is good then save it as an asset.

[eaLiTy]

Bought it at yobit
.00000510btc  then it crashes alot

There are a ton of coins that is made solely for yobit which is simply used to scam people their money,just to create a hype in their chat session and trapping new users like you as if it is the next big thing and will start their fake pump and once they trap enough users they will start their dump taking away your money and you will be stuck,i am still not sure whether the site itself is behind all these fake coins but one thing is sure,they accept everyone,so be careful when you invest in crypto ,make sure that you invest in something good rather than just the hype.If i am stuck i will keep that and monitor the coin and if by luck if there is any movement in it sell it off completely ,usually those coins wont move as they will come up with another coin,that is what i have seen.