What do you do with your airdrop money?

[bastian466]

It's been almost three years since I felt any more money from the airdrop event, I always ignore the event. Because many airdrop projects do not make payments and after being paid, the tokens or coins have no value at all, they just become useless garbage in the wallet

[libert19]

Holding portion of received airdrops, and rest i'm reinvesting into alts with high profit potential, hopefully that happens and then planning to rotate those funds into safe cryptos like Bitcoin and Ethereum.

But if financial condition requires, I'd sell everything for fiat irrespective of price.

This is the best option usually works for the members with we have to invest in coin which is having best offer for us, I have also done many times to spend for my problems to be solved, but usually I never hold any portion because I was having feeling selling all is best option even few times I feel not good with my decision.

I used to sell all, or would keep holding all, felt it was too extreme, as both created regrets. So, what you see above is improved version, I wouldn't say it's best but it's certainly better than before.

[sulendra12]

I would just my money for my goods for certain percentage of the airdrop and keep the rest to reinvest on some stocks and DCA. It's good to reward yourself with some goodies especially if you in dire need to get your dream items come true. Even though the airdrops money are free but it's so rare to get a decent airdrop nowadays, so be wise with whatever amount money you get later especially in DOGS.

[Qiubell5]

It depends on the airdrop, If the airdrop has potential, like Dogs then I'll hold it for future profit, If I see that the airdrop is an average coin that will likely do a rugpull, I will dump it right away and buy coins with good potential to add to my portfolio.

Airdrops are also investments because you are doing things and tasks and spending a lot of time, This is not something that we used to do 8 years ago, where we only sent our addresses to the developer and they would send you your share, Now you have to work for your shares of airdrops.

with this airdrop also attracts attention and many users, and I also took this opportunity to follow this Dogs airdrop and indeed there is potential for the future, to get some rewards, by holding the existing tokens increasing the trust of those in it.

[Dr.Osh]

Well, it depends on the amount I get. If it's a small amount, then I'll just leave it alone, hoping that one day the coin's price will go up, and make it more valuable. If I get a large amount, then I usually exchange it and buy another coin that has a good fluctuation in its increase and decrease, and try to increase its value by trading, or changing it into one of the coins in my portfolio.

[el kaka22]

Honestly airdrops or anything else, the end result is usually the same for me; put it in btc. That's what I do first, all the money I make, everything, I put it on BTC first, and then I can take a look at it and see what I can do, but first of all I end up putting it in BTC. I have been known to cash it out, keep it in btc, buy another token or coin and many other stuff, I even tried doing business once years ago, didn't do well but didn't lose money at least. So anything could happen, but before anything else, I never keep those tokens, if airdrops gives me any money, any token, I sell it as soon as I get it, and the end result becomes BTC after that.

USDT is a secondary option if there is something wrong with BTC too. Not that I think that's what we are going to see, but that does happen quite frequently and could be the result for this one as well, not really seeing it change all that much, I think USDT could be fine for anyone who chooses it.

[ringgo96]

Airdrops usually cannot maintain their price and you can see a price dump when all users sell their tokens. As a result, holding tokens from an airdrop is a big risk, and I immediately convert it into more stable and valuable coins in the early hours of listing.

If we want to get big profits when participating in the airdrop, then when the distribution occurs, we must immediately sell the coins, because the high price at that time will not last long, so as you said, we must immediately exchange them for stable coins so that we are safer.

[ije07]

It all depends on the amount of funds we get from the event, if possible to transfer to better crypto assets, it might be better to increase our income, but if the airdrop token has the potential to increase then we can hold it first until it reaches ATH because some airdrop tokens are usually just listed on the market and have great potential to be listed on a larger market so that when we hold the token then we can get a fairly high price.

[coin-investor]

I have become interested in airdrops now. I gave up on them years ago, but Hamster tokens, dogs, and other tapping mining have made me come back.

So far,, it's good, so I will hold it and wait for more updates and development. Since I did not invest my own money; it's all effort, so I really have nothing to lose.

But I'm ready to dump it once I see that the developers are just making it their cash cow or planning to do a rug pull. Everything depends on the developers and the community there are coins that came from airdrops that are doing good in the market.

[CoinFoxs]

Airdrop payouts are usually lesser in amount so it cannot be exchanged immediately so wait till the the coin will be listed on good exchange or when price reaches all time high and the other best way to use airdrop payouts is to directly invest in other IDOs or ICOs.

[benalexis12]

The title says it all, what did you guys do with the airdrop you got from projects?
Well my story is that there was an XLM airdrop that happened on Keybase. Luckily I got eligible for the airdrop and since then, I have used that kind of money to invest and increase my portfolio with more altcoins.

Although I am still hunting more airdrops, y'all already know that NOT airdrop blessed us with a good price. No one got bad allocation, but I guess it's according to the tapping effort they have made.. Similarly, these days the airdrop came back again with DOGS. Which I am sure you guys have already seen it thousands of times.. So tell me your strategies guys, it would be helpful to know more about how you use airdrop funds.

Airdrops under the XLM network? What coins is this referring to, OP? In times like this, you can really tell if it looks like it's the season of airdrops. That's why there are so many airdrops now, and it's hard to identify or find out which of them are legit.

It's almost as if I'm about to give up because there are so many games. My telegram of tap games is filled with games, and I keep deleting them because of the tasks that I'm asked to do everywhere I join tap games or group channels, so be careful.

[GxSTxV]

From my perspective, airdrop money is not as important as your own personal money, which means less stress and emotions going through the process of reinvestment. So this might be a good chance to hunt other trending projects and tokens without selling at lower prices and taking only the small profits.

In case you are in need of money, probably taking half of that money and keeping the rest once again for reinvestment of any kind. For now many airdrops are on Telegram platform and they are doing so great in creating a huge hype, successful projects and making cryptocurrencies better by filling the market with new investors.

Money of airdrops cannot be considered totally as not important, some people are making thousands of dollars a month with airdrops. Maybe it’s a chance for you to save them long term and hold them for better prices.

[Altcoiner007]

The title says it all, what did you guys do with the airdrop you got from projects?
Well my story is that there was an XLM airdrop that happened on Keybase. Luckily I got eligible for the airdrop and since then, I have used that kind of money to invest and increase my portfolio with more altcoins.

Although I am still hunting more airdrops, y'all already know that NOT airdrop blessed us with a good price. No one got bad allocation, but I guess it's according to the tapping effort they have made.. Similarly, these days the airdrop came back again with DOGS. Which I am sure you guys have already seen it thousands of times.. So tell me your strategies guys, it would be helpful to know more about how you use airdrop funds.

Just like I thought, $DOGS is following the $NOTCOIN trend. Rewarding I must say especially for those who got large amounts of $DOGS. I claimed my $DOGS to Bitget and just successfully traded 50% of my bag as I expect a surge later. I'll be utilizing the exchange PoolX for a while to earn additional rewards. Reinvesting a certain portion from my airdrop money has been my lifestyle over the years. My goal is to grow my portfolio.

[cheezcarls]

It depends.

If I am bullish on a certain token (e.g., $ETHFI) where I got airdropped twice, I wouldn't mind holding it for long.

As for the rest, it will be on a case to case basis.

But mostly I sell because I've got a lot of expenses and bills to pay for the month since I only relied on a client basis income and not fixed.

And since I began airdrops, it helped me from financial disaster and no doubt that even with difficult qualifications or so it would at least help me keep going on my every day needs.

[mdzahed134]

From the begging i was not interested to participate in telegram developed tap to earn or mining airdrops, but when i have seen massive success in NOT airdrop and people’s got a lot of money then i am thinking now telegram airdrop is tending then i participated in the recently paid DOGS airdrop and received good profit and i am looking forward to invest with other project from this money.

[milewilda]

It depends.

If I am bullish on a certain token (e.g., $ETHFI) where I got airdropped twice, I wouldn't mind holding it for long.

As for the rest, it will be on a case to case basis.

But mostly I sell because I've got a lot of expenses and bills to pay for the month since I only relied on a client basis income and not fixed.

And since I began airdrops, it helped me from financial disaster and no doubt that even with difficult qualifications or so it would at least help me keep going on my every day needs.

Totally depends into your assessment but actually most of the time i would really be selling out immediately on the time that it would really be having value specially if its really that came from airdrop then you could really expect that there would really be that hard drop and if ever i do see a project which does have a good potential because of some factors like having that huge community support plus the hype then i would really be reconsidering on making up some buybacks on the bottom on which there would really be chances that it would really be reaching out all time highs after that hard drop but of course there would really be no guaranteed with this kind of method or ways because it would really be still all depending on different factors like community support on which i would say that this is the most important thing to be considered upon.

If ever you would really be able to make some good money from free drops then it would be ideal that you should really be keeping those profits for you to have on USDT form because on the time
that the market would really be having that drop or price crash then it would really be the best that you do have that right amount of buyback funds and this is what im doing ever since.
Never ever make your wallet to be zero specially on stable coins because opportunities do really come and go and if you dont have sufficient funds then you would be missing out those
golden opportunities.

[TastyChillySauce00]

Airdrops usually cannot maintain their price and you can see a price dump when all users sell their tokens. As a result, holding tokens from an airdrop is a big risk, and I immediately convert it into more stable and valuable coins in the early hours of listing.

this is true and sometime it sparks the idea to just sell the airdrop to get some money and short it immediately .

seen plenty that could be a really good potential to grow the capital by shorting like pixfi for example, literally dumping all the way to ATL after having such big rally.
I think pretty much other airdrop token is always like this, only select few that still keep their price even after the dumping but those kind of project usually have solid foundation and community.

the rest are just temporary money grabbing.

[Phoenixtrader]

Holding portion of received airdrops, and rest i'm reinvesting into alts with high profit potential, hopefully that happens and then planning to rotate those funds into safe cryptos like Bitcoin and Ethereum.

But if financial condition requires, I'd sell everything for fiat irrespective of price.

This is the best option usually works for the members with we have to invest in coin which is having best offer for us, I have also done many times to spend for my problems to be solved, but usually I never hold any portion because I was having feeling selling all is best option even few times I feel not good with my decision.

I used to sell all, or would keep holding all, felt it was too extreme, as both created regrets. So, what you see above is improved version, I wouldn't say it's best but it's certainly better than before.

For Dogs I sold 50%>> and I'm leveraging on all opportunities I could find to maximize my holdings again. There's Poolx & also this..Bitget dogs 200% cashback. You can consider it if you're in the available region..

[betswift]

It's been almost three years since I felt any more money from the airdrop event, I always ignore the event. Because many airdrop projects do not make payments and after being paid, the tokens or coins have no value at all, they just become useless garbage in the wallet

What do you think about the recent boom with DOGS?

[mdzahed134]

Airdrops usually cannot maintain their price and you can see a price dump when all users sell their tokens. As a result, holding tokens from an airdrop is a big risk, and I immediately convert it into more stable and valuable coins in the early hours of listing.

Absolutely right, where such airdrops distributed 80% tokens for their community members that means several millions of holders in every project, so there are no way to hold such tokens because price will hardly dumping when holders will start sell their tokens. I didn’t hold DOGS coin, i sold instantly and now price is huge down.