If your coin increased 40% - 200% in value over night. What would you do?

[NikNight]

Last year, I sold in this situation, but I can now say that it was a big mistake. This year I would gladly sell if I could, but there is no such situation on the market. The market behaves the opposite, based on this psychology of traders and investors.

As long as you still get a profit, I would not think it's a big mistake, even I feel it is the best thing for you in the current situation when so many people want to sell right now but they did not have a chance, they can only wait for the recovery. This year, wanting to reach 40% or 200%, it is very difficult and almost impossible with what is happening, I just saw my coin drop more than 40% and it is starting to get worse, I feel very regretful that I did not sell it sooner

We see different situations. You see that the market fell this year, so any profit in the past is good. I see that I have received several times less profit. Therefore, I believe that I closed the deal too early.

[Itcher]

In this case, the best solution would be to sell part of the coin and leave part for the long term.

[Gabb]

Do you continue hodling or sell? A lot of people say to hold no matter what happens and I'm not advocating daytrading but I think in a situation like this, it'd be advantageous to sell.

Thoughts? What would you do?

To make a decision of that nature I need to take into account different factors. For example, if I am sure that this cryptocurrency has great long-term potential, I would not be willing to sell it to a 50% pump, but maybe I would sell a small portion just to have some cash available in case a correction will arrive, in this way it would allow me to accumulate more coins.

But if it is a minor altcoin, acquired only to speculate with it in the short term, I would certainly sell most of my holdings as soon as I see a 100% pump.

[Hengemeran]

In such a market is a big increase , usually there is a pump and returned to the place whence growth , would sell of course

[GulpoRu]

Will as I would see it about this,when my coins expanding its rate from 40% - 200% whatever I can do is to offer portion of them and change it to fiat with the end goal of utilization it for my day by day spend needs,why the other half I hold it into in a long haul speculation ,while the other part I need to exchange another sort of coins having the capacity to develop in the market by doing purchase low and offer high.

[diego ramos]

I will sell 75% of it then hold the remaining balance. It would be appropriate for my case to sell a higher percentage of my investment...

[Marakana]

That is pretty good profit from a coin. I will either sell or still hold depending on the prospect of such coin. There are some coin that has good prospect for the future and they also have good use which will ensure that it is always demanded for. Such coin, i wont sell because i am quite sure that the price will still go up but if i see the coin as otherwise maybe the coin was just being fortunate to go up in price, then i dont have any choice than to sell off so that i wont regret holding it.

[Camster]

If I was part of a massive pump in this market I would try to time the peak and get out.  Pray for a dump and buy back in.  I would take the profits and put them in Bitcoin.  Would be amazing to catch a pump now while everything else was down. 

[congresowoman]

If the 40%-200% covers my target sell then might as well sell off. Sometimes holding onto you coin for rip long can lead to a bigger loss. I have experienced it when I have held onto my alt for over a year them lo and behold, that coin had turned into dust. This left me with a regret of "I could've been a millionaire".

[Cenil]

when the current market situation is not stable and uncertain, the rise and fall of coin prices in my opinion is actually quite risky to do day trading. but it seems to be an opportunity to buy coins while the price is cheap and holds coins purchased in the long term.

[ashtray]

It seems to me that the situation as a whole already resembles many, I think that now many children and girls think about just buying an apartment or starting a family, so they will withdraw money.

[AntonioCR]

Iwould fix some profit, selling 50% of coins I have, and the rest is for holding.

[gabchuks]

This is kinda a tough question. If my increase by 20 to 200 percentage,  I will definitely be tempted in many ways, will think of selling or holding or maybe trading.  It depends on the coin anyway

[castiloros]

keep holding it is a funny thing. for this time the increase could reach more than 40% has become quite a good achievement. sell in that time has given a considerable profit. especially if it reaches 200% in one night then sold it is the best thing to do than to wait too long for the next fall.

[atorle]

If there are no fundamental reason for the sudden hike in price over a short period of time, I will sell them off as it is often abused sign of involvement by pump and dump group choosing the coin, this is often also backed by increase in trade ve

[atorle]

keep holding it is a funny thing. for this time the increase could reach more than 40% has become quite a good achievement. sell in that time has given a considerable profit. especially if it reaches 200% in one night then sold it is the best thing to do than to wait too long for the next fall.

It is possible to see a 200 % increase sometimes(doge did 100 percent recently) and greed will always keep people hooked,but more often than not, loses are incurred as the price often return to the lows after a while. So it is a good deal to sell off some portion of it at least

[shencaiha]

It actually depends on my goals, but if that happens, I usually sell. The price will go down again from the previous price. Then I can continue trading.

[boolog]

should that happen to me, i dont think i could resist and sell my coins. maybe i'd try to buy it back cheaper after that, but i'm not sure.

[MariaSerebrennikova]

In General, my strategy is to keep, but I would sell the coin if it gave such a good growth. Although.... it all depends on what kind of coin it is and what prospects it has! Act, as you are prompted by your intuition!!!

[RGMan]

I'll wait for the situation to develop further. If growth continues, I will naturally wait. If it goes down, I'll throw off half of what I have. Let not at the maximum price, but I will definitely have a profit.