Skinny48
Member
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Activity: 448
Merit: 18
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August 07, 2020, 07:36:17 AM |
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The reason why I would dump a coin or token is because of lack of good use case, if the project have good utility I will be glad to hold part of the whole reward I get after bounty ends but still I prefer selling the tokens
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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Free1bitco.in
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August 07, 2020, 08:10:52 AM |
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Well, the real reason is that I don't see the potential of it. when a coin has no volume, or given project progress, I sometimes decide to sell it. however, I am still holding some altcoins because of the potential that I think is quite large in the future. it's just that, if there are coins that I feel have no potential anymore, I will exchange them into one of the coins that I hold and have potential.
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the_thing
Sr. Member
Offline
Activity: 546
Merit: 252
Proof-of-Stake Blockchain Network
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August 07, 2020, 08:20:46 AM |
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I'm usually a holder I still coins and tokens I've got from Bounty campaign just like the two of the just recent projects I've participated in I'm still holding both of them but there are instances in the past that I dump my coins/tokens because The coin is not progressing and I want to buy coins that has more potential.
So what is or are your reason why you are dumping your coin?
IMO some coins take a really long time to grow. There are so many coins that I regret selling to early in small profits because if I would have waited a little longer then they might have given me huge returns. I usually dump my coins when my stop-loss gets triggered.
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Francis Freeman
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August 07, 2020, 08:46:01 AM |
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I am letting go some of my coins because I have given the project plenty of time and they have done nothing apart from releasing roadmap and development update for the last 2 years.
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LazerPanther
Member
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Activity: 334
Merit: 10
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August 07, 2020, 08:58:21 AM |
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I only dumped if I saw that the projects were scams, they continuously delayed project development and did not fulfill their promises. So the prices will keep dropping and I won't waste time on those projects
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imstillthebest
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August 07, 2020, 09:07:31 AM |
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I'm usually a holder I still coins and tokens I've got from Bounty campaign just like the two of the just recent projects I've participated in I'm still holding both of them but there are instances in the past that I dump my coins/tokens because The coin is not progressing and I want to buy coins that has more potential.
So what is or are your reason why you are dumping your coin?
i like your attitude op . its not common to see a user like you that sold for a good cause while most of them only sold because the price of thier coin is high or they sold because the coin is not growing but they dont mention that they are going to use that profit for more worth it coin like you . i almost forgot that you still hold your coins and your story is only your past attitude but you dont need to say that , your still welcome to sold your coins and repeat the same manerism
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Bitstar_coin
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August 07, 2020, 09:41:08 AM |
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Even if the value is down and the team are working hard to develop project there is no need for me to sell, the only reason why I will consider selling is when there is nothing going on with the team and project, no active development or updates, no trading volume (not a strong reason though) and especially when the price is high and I want to flip for more.
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hrunya102
Member
Offline
Activity: 546
Merit: 11
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August 07, 2020, 09:42:08 AM |
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Why do you all say dump coins ? When I sell my coins, it usually does not affect the price, I just sold my tokens and no one noticed it, the reasons are different, I decided to buy other tokens or just withdraw money and take a break.
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Pamadar
Legendary
Offline
Activity: 2982
Merit: 1028
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August 07, 2020, 09:49:37 AM |
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Why do you all say dump coins ? When I sell my coins, it usually does not affect the price, I just sold my tokens and no one noticed it, the reasons are different, I decided to buy other tokens or just withdraw money and take a break.
The reason is to satisfied yourself with your holdings, if you got the tokens from bounties, once there's no reason of holding it or you already satisfied with the value it's better to sell it up and enjoy your money. Money that you'll going to get from the tokens is the reason why I'm selling my tokens.
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maximumcoin
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August 07, 2020, 09:52:17 AM |
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I'm usually a holder I still coins and tokens I've got from Bounty campaign just like the two of the just recent projects I've participated in I'm still holding both of them but there are instances in the past that I dump my coins/tokens because The coin is not progressing and I want to buy coins that has more potential.
So what is or are your reason why you are dumping your coin?
I have participated many bounty projects that the reward is token and I see they mostly have the very low price and sometime they are garbage. So, selling them and invest on more potential coins is best wise decision.
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Twinkledoe
Full Member
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Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
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August 07, 2020, 09:53:43 AM |
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Even if the value is down and the team are working hard to develop project there is no need for me to sell, the only reason why I will consider selling is when there is nothing going on with the team and project, no active development or updates, no trading volume (not a strong reason though) and especially when the price is high and I want to flip for more.
And in most cases, some teams will show that there's progress here and there but in reality there's nothing. When I joined some bounty programs before, I sold the tokens I got as soon as they got listed in the exchange. Because if I had waited for so long, their price now is really low as compared to when I sold it. So that's a good call for me back then. Very few projects can actually survive for long and increase their value. So if your guts is saying to sell it, don't think twice. Sell it and never look back.
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Bezobraznike
Sr. Member
Offline
Activity: 1274
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
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August 07, 2020, 09:57:03 AM |
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I'm usually a holder I still coins and tokens I've got from Bounty campaign just like the two of the just recent projects I've participated in I'm still holding both of them but there are instances in the past that I dump my coins/tokens because The coin is not progressing and I want to buy coins that has more potential.
So what is or are your reason why you are dumping your coin?
Like you I rarely dump my coins, the ones I bought and the ones I earned trough bounties. I sold just few of them, and I didn't earn much because I sold them after long period of waiting, when price dropped already. It's the moment when you realize you will either take that little amount or you will end up with worthless coin or token.
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ife2020
Member
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Activity: 579
Merit: 13
Are you kind to your neighbor? Think it through
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August 07, 2020, 09:59:51 AM |
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I'm usually a holder I still coins and tokens I've got from Bounty campaign just like the two of the just recent projects I've participated in I'm still holding both of them but there are instances in the past that I dump my coins/tokens because The coin is not progressing and I want to buy coins that has more potential.
So what is or are your reason why you are dumping your coin?
Re: I'm dumping my coins because i am about to take profit. For me, this is the best way and the only valid reasons for an investor to dump their token or coin, to take profits. Except you have an emergency need for funds, it is best to hodl your investment until you are in profit. Just recently i sold my pixby tokens that were initially worthless for a huge amount IN $, It doesn;t matter how long, remember this is crypto currency.
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lienfaye
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August 07, 2020, 10:14:50 AM |
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So what is or are your reason why you are dumping your coin?
Im selling my rewards to take profit but there are instances wherein I keep holding because I see a good potential to the project that I promoted. I have tokens that came from bounty 2 years ago but I still hold the tokens. The project still has progress but im waiting for a good price to sell and that is when the alt season occur.
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iamaruf
Sr. Member
Offline
Activity: 1064
Merit: 265
Vave.com - Crypto Casino
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August 07, 2020, 10:23:18 AM |
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would you please mention the name of those coins that you dumped? First of all I see their development & progress. If they working on their plan, I hold their coins. If they always makes lame excuse, soon or something I just sell those coins, doesn't matter about the price. Because If i keep holding those coins price will be zero in future. So better to convert those coin in btc & hold the btc.
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ohyeahhaha122
Jr. Member
Offline
Activity: 267
Merit: 7
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August 07, 2020, 10:24:06 AM |
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I will sell when the market shows signs of downtrend and the coin always shows signs of going down because the project is not capable of keeping its value, altcoins are risky it can split a lot, so sell when Maybe, but I always hold back in part because of the belief they will come back
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jpnl0006
Jr. Member
Offline
Activity: 480
Merit: 4
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August 07, 2020, 10:46:03 AM |
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I'm usually a holder I still coins and tokens I've got from Bounty campaign just like the two of the just recent projects I've participated in I'm still holding both of them but there are instances in the past that I dump my coins/tokens because The coin is not progressing and I want to buy coins that has more potential.
So what is or are your reason why you are dumping your coin?
I used to be a holder of coins but i got the bad feeling about holding a coin that devalued from four thousand dollar to five dollar. I saw the need to sell off projects whose tokens i have. As the saying goes "crypto currecy is a bubble". i do not wish to be on that side of the bubble again, therefore, I sell off what I have and run away, I can come back if it dips briefly but after payment i sell off.
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SyndicateLabs
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August 07, 2020, 11:07:28 AM |
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So what is or are your reason why you are dumping your coin?
Im selling my rewards to take profit but there are instances wherein I keep holding because I see a good potential to the project that I promoted. I have tokens that came from bounty 2 years ago but I still hold the tokens. The project still has progress but im waiting for a good price to sell and that is when the alt season occur. 2 years is a really long time for altcoins. Most projects from 2018 are dead and have no value, so don't try to hold it. I never hold altcoins for too long, will try to sell immediately if they are listed on exchanges
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Kehindem
Jr. Member
Offline
Activity: 199
Merit: 1
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August 07, 2020, 12:21:24 PM |
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they are a lot of reason to drop coin, but the basis start from reason the reason why you participate bounties, because 1. some participate in bounty to earn and spend while 2. some participate in bounty to invest since they don't have that money to invest in cryptocurrency while 3. some do both.
But to me reason sometimes depends on my state of needs so i fall in the third category.
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aioc
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August 07, 2020, 12:33:09 PM |
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they are a lot of reason to drop coin, but the basis start from reason the reason why you participate bounties, because 1. some participate in bounty to earn and spend while 2. some participate in bounty to invest since they don't have that money to invest in cryptocurrency while 3. some do both.
But to me reason sometimes depends on my state of needs so i fall in the third category.
I once one like you dumping coins I received without thinking of potentials because I need money for my basic needs, only to find out later that that the value increased ten times in just a short period time, this is a hard pill to swallow but have to accept it and move on.
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