Quote from: Pandu Geddon on Today at 04:50:59 AM

Quote from: BabyBandit on December 10, 2023, 07:48:29 AM

Question to more experienced trades here. I been holding some Bonk for a while and last 24hours it's on a real down fall, so some hours ago I swapped all my Bonk to USDC to save me from more loss and if I am lucky I can buy back Bonk later and even coming out with more Bonk from this situation. Was this a smart or stupid move? I am not sure but I just followed my intuition (The swap fee was under 1%).

BONK movements are quite volatile, when you make the decision to exit with at least a profit it doesn't matter. but if you want to return to trading again, maybe you should analyze the right time to buy again at a better price.
If you are now trading USDC, you should be more concerned about deciding when to trade again. or maybe you will prefer another asset. Sometimes if you are lucky in one asset, you cannot dig your other luck in the same place.

I just swapped fast to UDSC (Solana network) yesterday to avoid any losses the swap was more or less free under 1% both times. I swapped back also yesterday to Bonk and got around 3.6M bonk extra for the same $ for the effort. 🫡