Post
Topic
Board Altcoin Discussion
Re: What do you do when your coin spikes?
by
jc89
on 25/06/2018, 17:21:05 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?

I rarely do anything when the price of a coin or token I hold increases in value. Most of the coins and tokens I own is for a long term investment in my part. I often convert my tokens to Ethereum of Bitcoin and then hold them until I need to convert it to cash for urgent expenses. The habit of holding despite of the spike made me loss clear profit but I never regret my decisions regarding this matter. As long as I gained profit, there's no point regretting.