Post
Topic
Board Altcoin Discussion
Re: What do you do when your coin spikes?
by
Tuare aget
on 17/05/2018, 03:45:47 UTC
I'm just looking for the opinions of others really, there's no right or wrong answer to this question.
What do you do when a coin you're holding suddenly jumps up by like 30% or whatever? do you try to sell at the peak of that spike and buy them back once it's gone back down again? or do you just keep on hodling?
Well first i will search for the reason of the spike, a new exchange? or something else like famous person shilling it, if i find nothing then i will sell the coin immidiately and keep monitoring the price to buyback or reenter incase it attempts to fly higher. I've done it twice with tron and ripple last year and i get a lot of profit from that.
So how to decide whether to keep the coin or just sell at good price?
I interest with your strategy so i want to what is your more detail.
I normally just sell my token or coin if its spike higher because i just want profit. So now its interesting when i can improve or mix my strategy with yours.