How to Manage Airdrops?

[FleurTunisienne]

Since airdrops usually equals free tokens/coins, i dont loose any money if the dont succeed. With that in mind i store them in a wallet, fill out a document with info about the coin and store that on a USB. Then i forget about them and hope they reach high prices in a couple years 

I adopt the same structure so i store all the airdops in my little 2 years baby wallet  
I wish it will worth millions of dollars when my son got 10    

[Xenrise]

Hi All,

Quick question from newbie. How do you manage your airdrops? Did you sell it immediately? Do you sell half of it? Or just hold it until reach big exchanges?

Your answer is highly appreciated. Thank you.

Just like hodling an asset I am hodling it until the market of that airdropped coin will pump. That's how it is. That's how you will deal with the airdropped coins. They are also assets.

[Wyre08]

I watch them on Blockfolio and after they reach a certain amount (it depends on the coin) I will sell most of them. It't actually a little work to sell them and I'm pretty lazy most of the time, so I just hold most of them. But I can't recommend Blockfolio enough. It's super nice for unlocking your phone every other minute and seeing if something is moving... lol Honestly though it's an easy way to keep an eye on your coins.

[blogardianz]

I watch them on Blockfolio and after they reach a certain amount (it depends on the coin) I will sell most of them. It't actually a little work to sell them and I'm pretty lazy most of the time, so I just hold most of them. But I can't recommend Blockfolio enough. It's super nice for unlocking your phone every other minute and seeing if something is moving... lol Honestly though it's an easy way to keep an eye on your coins.

Yeah, I love this apps too. But sometimes, blockfolio apps often have errors while showing the price. We need to refresh the apps each time to get correct price. Some New ERC20 token, often takes time to show up their ticker on that apps.

[Crypington]

I just discovered Blockfolio, too, and it is very nice for monitoring all your coins.  It even has some of the crap airdrop coins like edoge on it. 

[josephinerosdy]

if that coin just have small value I will forget it.
I don't want to pay fee for sale with small amount

[blogardianz]

if that coin just have small value I will forget it.
I don't want to pay fee for sale with small amount

Same with me. Wait for more days, if that coin not increasing their value, then its time to dump it.
Currently, some airdrop events charge people to pay the ERC20 GAS. It makes some people less interested join the airdrop. 

[hot_ads]

Keep it, airdrop are free, keep it after it is worth it? Worth looking forward to.

[donotlean]

i hold everything not only airdrop.somethings i spend my funds.if i encash my airdrop.what can be done with five bucks if i am lucky because 5 dollar is too much for airdrop

[jlanzago]

The amount received on airdrops is very little, so yes I hold. No point selling for pennies, probably some of them will grow in the long term, who knows.

[Nascor]

I consider airdrops as "dividends". I would not have them in the first place without having the coins I have, therefore I don't sell them, just let them appreciate. It's fair for the project doing the airdrop as well, for example, OMG recently gave out a good portion of their total supply and distributed it to ETH holders. Would be a rough move if everyone would sell OMG after they got it and convert it to ETH, it defeats the entire purpose of the airdrops which makes the entire thing useless. Most projects do airdrops to simply increase their user count and for people to find out more about the coin and what it offers. Either way, since they are not worth all too much (depending on your holdings) it's usually not even worth converting them (time/reward ration is low).

[kemet jr]

I prefer to keep them in the wallet. Anyway, they came in free thus it is expected that many are shitcoins. But with keeping them; say for a year, the real deals will do justice to all your keeping.

[eldub]

Since they are free, I'll hold them for a year, in case any of them turn out to be worth anything. Costs me nothing to hold. Most will be worth nothing, but one winner will make holding worthwhile.

[Jonashe]

There is like 10 airdrop a day, how can you thought it'll bring you money ? Who the hell will buy all this random copy/paste erc20 token?

[blogardianz]

There is like 10 airdrop a day, how can you thought it'll bring you money ? Who the hell will buy all this random copy/paste erc20 token?

But to be honest, there are some new airdrop that bring some money, like LTG, ETG, or eBG. Unfortunately, they detected as scam token.

[bitctrimor1]

Hi All,

Quick question from newbie. How do you manage your airdrops? Did you sell it immediately? Do you sell half of it? Or just hold it until reach big exchanges?

Your answer is highly appreciated. Thank you.

The best move is to hold them until such time when the company or team releases the product or service in the market. Because, if you would get rid of them early, their value is not actually the market value, but only on its initial valuation. Therefore, by holding it, you could sell it for more profit in the future.

[Trofo]

I am mostly holding them and keeping track using blockfolio. The problem is now is so much shit tokens being airdroped so I am rather sure they will not be worth anything in the near future but I am willing to lose that 5-20$ in hope that at least some of them will be big and make up for all the shitty ones.

[dilshanfernando]

Don't trust airdrop tokens and don't think to hold the tokens for a long time .because they have no scope . Try to sell them when you feel the amount enough for you.

[Adreman23]

try to trade those token. sell your tokens gain in airdrops then buy other tokens which you fell will increase. Do a research about tokens you want to buy it helping you to decide what token to buy. and dont forget the golden rule in trading buy low sell high.

[Xclusive5]

Hi All,

Quick question from newbie. How do you manage your airdrops? Did you sell it immediately? Do you sell half of it? Or just hold it until reach big exchanges?

Your answer is highly appreciated. Thank you.

My candid advise is that you sell some and HODL some because some airdrops can come with surprise.