I can't say I'm new coz I've been doing bounties for 10 months now, BUT I still don't know how to increase my holdings until now.
What I do with my participation rewards is JUST SELL them. That's it. That's the end of it. I often find myself running out of funds or decent token to sell because of this pattern. I end up being so broke I cant even afford to repurchase even just a little percentage of the token I sold. It's becoming a habit and I hate it.
I only know 1 thing: Buy low, Sell high. But even that is not enough.
So let's just say I'm still a newbie. I guess this post and the comments will greatly benefit those who are in my shoes now...
Can someone please comment or help me get started.
What is that one article or video that have guided you before when you were just starting to BUY and SELL. What words of wisdom can you share with me??
it is better if you save some part of your bounty token, for example you earn bounty token, you will convert it to btc or eth some part of it as btc or eth keep it as your savings since the btc and eth price will recover soon unlike when you hold a bounty token there is no assurance that the price will be better in a short period of time.
Yes, this is possible as well, if you don't believed on the token you're holding then liquidate it my any means and exchange it to bitcoin and then hold, rinse and repeat. Its really hard to hold tokens today because of the amount of volatility and the movement (pump-and-dump). Easy way to get out without you monitor the price everyday is to shift it to bitcoin.