Would you try to accumulate now that there is a token pump?

[pixie85]

In short, if you bought for 1000 and it's now worth 100 then it lost 90% of value. Something like that shows the token is a worthless shitcoin and/or you bought at the top.

Normal coins don't lose 90% of value in a week or so. If a coin does that it's worthless. It means it's a scam or it has no liquidity or the team bailed which also means it's a scam.

Hypothetically if I missed and already lost 90% I'd set up a sell order for at least 50% of value and wait for a pump. Chances are the coin will pump.

[yhiaali3]

According to my experience, most of the tokens, whose value falls dramatically, do not return to the rise to their base price except in rare cases, and therefore my strategy in such cases is to sell when the token price increases a little so that you get the best price.
In the event that the token has a good project and I feel that it can return to rise again, I follow another strategy, where I sell 25% of the token, for example, at the highest price it reaches and keep the rest, which may rise at a later time. If the price drops further, I buy again (with the amount I got from selling 25% of the token) until I increase the number of tokens and repeat this process several times until I have a good number of tokens.

[Yamifoud]

Let's say you have bought a token for about 1000 satoshis and weeks ago you found out the token is just about 100 satoshis. This means you already lost a lot since that time you hold it.

Now that it started to pump like from 100 sat to 150 sats, would you try to dump and wait again for its dump to at least 120 satoshis to buy back or just keep holding til you profit up to more than 1000 satoshis?

We all have different preferences and if that is your target and think that you are satisfied with that a few sats gain, there is no problem. But somehow, not all have been through with those small gains, most of us want more and that is why we keep waiting.

It is also so important to choose promising coin/s to invest, not just by simply seeing it pumps today we have to invest by then. Definitely, it is a wrong idea. Many got fooled with those hypes and lose their money, then they complain about being unfair, being scammed, or any negativity. But above all, it is our fault and it is because we not listening and we don't even spare time to make search and find if this project has something to expect good results.

[Yatsan]

Most of us do certainly accumulate tikens when there is a dump and hold it up until such time that it pumps up gaining a profit and does it again all over again. But such scenario is still dependent on what token are we talking about in here because there are certain tokens that when starts to decrease in price just continue to drop down and the holding becomes senseless. So before deciding to buy at dump, be sure that what you are planning to buy do have a potential to increase in price or else you would just suffer dumping the price of your holdings and won't get any profit in return. Once you have undergone the step of determining a potential token that is worthy to be purchased that is the time you will wait to buy it a lower price and hold it until price pumps to get your profit.

Better know the token first by undergoing thorough and in depth research about it before engaging on buying and holding so you won't end up wasting your money for something that is not certainly profitable at all.

[smyslov]

Let's say you have bought a token for about 1000 satoshis and weeks ago you found out the token is just about 100 satoshis. This means you already lost a lot since that time you hold it.

Now that it started to pump like from 100 sat to 150 sats, would you try to dump and wait again for its dump to at least 120 satoshis to buy back or just keep holding til you profit up to more than 1000 satoshis?

It depends on the development of the project, if the coin is in negligence stage you don't have to wait for the price to recover, you have to dump and cut your loss, if the coin is in developing stage and market is showing improvement and there are still a lot of updates coming from developers then waiting for the price to appreciate is the best that you can do.

[eXtremal]

If I was in that position I would sell my coins or the term cutloss to wait for the price to return to 1000 satoshis of course it would be difficult and it would be slow if it had been dumped 90%, I would sell and wait to buy it back at the lowest price, yes that's from my personal point of view

Better sell and try to buy other projects that is worth trading, it will be only like stock market if he keeps focusing on a coin that is to slow in response that will makes more months or years to increase knowing it just pump only now due to hype of defi. He might consider selling it to find a better coin to buy.

The method you mentioned is also suitable for seeing potential coins and of course there are driving factors so that the price can go up, but who is willing to lose money just like that in the project before buying at a high price selling at a low price, if I will catch price below at least to minimize losses

[enhu]

It looks like the replies I got hasn't help me decide still. I'm curious if it helps you think of holding if you learn that the token is still on Binance with more than $1M volume a day and increasing.

The rest of the exchanges where it is like in Okex still considerable. Would you be able to think of dumping the token if its almost pumping gradually like the previous bullrun?

[cryptopediabd]

Let's say you have bought a token for about 1000 satoshis and weeks ago you found out the token is just about 100 satoshis. This means you already lost a lot since that time you hold it.

Now that it started to pump like from 100 sat to 150 sats, would you try to dump and wait again for its dump to at least 120 satoshis to buy back or just keep holding til you profit up to more than 1000 satoshis?

I rarely faced in this situation. I will never buy another after selling by 10x lower price. I already lost so much money so it is not fair to buy tokens related on this. Thanks.

[CucakRowo]

To OP. Averaging is one of trading strategy. This kind of strategy is the answers about the questions that posted in your thread.
But if you are an investor type, you will not care about all those movement price, because investors usually have set a "selling price" (more to prediction) for minimum next 3 years.

[tbterryboy]

Let's say you have bought a token for about 1000 satoshis and weeks ago you found out the token is just about 100 satoshis. This means you already lost a lot since that time you hold it.

Now that it started to pump like from 100 sat to 150 sats, would you try to dump and wait again for its dump to at least 120 satoshis to buy back or just keep holding til you profit up to more than 1000 satoshis?

I have never been in that kind of situation, but if I find myself in such a situation I would be confused as to what to do. I think I will continue to hold till I recover my losses. You said you bought the token at 1000 satoshi and then it fell to 100 satoshi, that’s a very big loss, and even the 150 satoshi you said is the current price still doesn’t make any sense to me because you’re still at loss, it’s not yet even up to half of your buying rate.

So for me, I would think that it is best that you leave it for now and have patience, there is likely to be a chance for it go up in future, maybe it’s a new project that you’re referring and things don’t happen in a second, it takes some time. Unless you feel like it’s going nowhere, then you can sell. Your choice though.

[el kaka22]

First of all I would sell before it went down that much. I would put a stop loss at 50% loss and get out, I probably wouldn't get back in neither and just see that as money gone because I do not believe that coins that dropped over 50% in the past year would be easily recoverable so that is just money gone and you can forget about it.

However lets say I want to get back in, after I sold at 50% I would just buy even more at lower rate and hope for it to go back up. However if I waited until it is 100 satoshi to sell and it went up, I would say what could be the harm in buying more and just go all in with the same money and hope for it to go up. I can't really think the way someone who did that could think, that is wrong on so many levels already, doing one more mistake doesn't sound too bad.