Post
Topic
Board Altcoin Discussion
Re: What do you do with your altcoin holding with low value
by
Sophokles
on 07/01/2024, 11:36:52 UTC
low value, meaning it is already listed on an exchange and has a very low price. I sell it more often because most of the altcoin prices obtained from bounties or airdrops will decrease over time. However if the altcoin obtained has not been registered on the exchange, there is no other choice but to hold.
I think OP was talking about ElonCoin of which's signature campaign he's participating. he was asking about that.
I too agree with you that these bounty and airdrop tokens are not worth to be hold for long term. but if they are not listed in any exchanges then there is not any choice.
as soon as they get listed sell them and take your money out.
but there was some bounty and airdrop coins which gained a lot of value after exchange listing because those projects were really good. u can consider that factor too.

You can't just conclude that bounty and airdrop tokens are not worth to be hold for long term. There are some bounty or airdrops that has turn it's holders to millionaires. Although holding bounty and airdrop tokens may be risky. Only few do well in the market, that is why it's preferable to sell them out immediately they are being received.

I cannot remember if someone became a millionaire by doing an airdrop or bounty. Recently some people have made huge sums of money from airdrop like arbitrum and optimism but bounty work is not that profitable. I have seen people earn a maximum of a few thousand dollars from doing an altcoin campaign which was in the last bull run. This season, there aren't too many good projects in the altcoin bounty section that can give you even a few hundred dollars. The new project is not that interested in bitcointalk forum any more.