Post
Topic
Board Speculation (Altcoins)
Re: Confused About what to do with a Pump and Dump token HODL/SELL
by
michellee
on 23/10/2021, 13:06:00 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.
Selling half amount from the total amount is enough for you to take your profit, especially if you can sell at a high price. You do not have to buy the coin if you know that coin is a pump and dump scheme because you do not know when the price will get a pump or even dump.

The token is available on PancakeSwap, Dodo BSC, and ZT and not in the major exchange so it may get difficult to sell at another high price. With your profit before, you should search for the other coins rather than still choose that token because that will be unpredicted when the price increases again.