Post
Topic
Board Speculation (Altcoins)
Re: Confused About what to do with a Pump and Dump token HODL/SELL
by
Beparanf
on 18/10/2021, 15:58:00 UTC
I am a little bit confused about what to do what a token that I am currently holding. the token has been pumping since Octuber the first. i sold half of it in September. currently the token has done over 500% since the beginning of Octuber. i am wanted to buy more but I know it is not advisable  to buy when the marketing is pumping. I know. What is your suggestion on this project. i know the price will go down. the more I wait the more the price raises. The token isGOMA.

Following this tread to see what you guys will say.

You are currently on profit, This is not dilemma that you need to worry about. Sell it in tranches and just retain a percentage of token that you are willing to risk/lose. Don't buy back on the token that pump so hard unless it already finished the correction phase. Actually you are doing good since you are still holding half of your tokens. Don't FOMO if you are having a profit, It's much painful holding a token because you are losing its value rather than taking profit while the coin still pump. Profit is a profit and no one can predict the exact price when it will reverse the market.