Post
Topic
Board Speculation (Altcoins)
Re: If your coin increased 40% - 200% in value over night. What would you do?
by
Gabb
on 27/09/2018, 20:05:25 UTC
Do you continue hodling or sell? A lot of people say to hold no matter what happens and I'm not advocating daytrading but I think in a situation like this, it'd be advantageous to sell.

Thoughts? What would you do?

Without a doubt, in most of these cases I have chosen to sell the cryptos that experience such a price increase, unless, despite the pump, the price remains below the original buy price, so I would continue to hold such crypto until reaching at least the buy price that allows me to recover the losses.

For the rest, I usually invest in very few cryptocurrencies, because I use them mainly as alternative means to current fiat money, and not only as instruments of speculative investment, for which I have often decided to continue holding my coins even though many of them have reached a value higher than 300% of their original price.