We all have different stories to tell when it comes to cryptocurreny and the blockchain in general. Before I say anything I will first of all love to use this medium to say a very big thank you to everybody who are into cryptocurrency or the other, it is not in any way easy. The sleepless moment is something else, it is very hard for you to see people that are into cryptocurrency who will go off the internet for 24hrs, the outcome from that might be disastrous.
I am really happy towards all the people who has contributed to the growth of the blockchain. Ordinarily this cannot be achieved if few individuals come together, it need many people. When I joined the blockchain movement in the year 2017, I saw that the market was being controlled by few, they are called the whale. With this their control it was really easy to predict when the next bull run will hit. They made things very easy by maintaining some period when they will invest their money into the chain. The bad part of this is that when there is bull market you will see prices of some coin doing more than *20000% but immediately there is bear market they will crash almost to the bottom. There is no two ways about it, it was purely game of the elite back then. With such mentality people begin to believes that the blockchain is just to enrich ones self. We all carried ponzi mentality into the chain.
I remember how my friends told me that every two (2) years there is every probability that there is going to be bull run. This makes things really complicated, people were really loosing big fund because the bull run can't be predicted, you might opt in and in just some few months you will see that the run has ended. If you are the type that always fomo you will loose heavily.
The reason I am writing about this topic is because of the high rate of airdrop surfing out especially in the solana blockchain. I have really been watching closely to see how things are running, I must admit almost all the solana airdrop are doing well. While doing the airdrop the other challenges that we have is either to hold to support the project or dump to avoid price rug. These are the things that runs through our mind when we are being airdropped with those coins. This problem is still running and up till date nobody knows how to solve it or the right decision to really take.
I have been airdropped with coins, I sold Immediately then it pumps madly while I have been airdropped some coins too and I hold then it dips to the last, what did you think we can do to know the right project coin to hold? This is really challenging. I don't know how some persons are doing it but taking decisions that concerns financial wealth is very hard to achieved. There is this my friend that adopts the strategy of selling half and holding half. He said he is doing this strategy because if the price drops he won't feel bad and if it increase too, he won't also feel bad. I think I am loving this aspect and must adapt it very soon.
I felt really bad seeing that the coin I hold and was hoping for the price to hit up massively is currently struggling after doing well at first. I was thinking heavily that it will do well but the cryptocurrency world is just like mirage, you just can't predict anything.
class=phishy>Conclusion
When it comes to what to do with your cryptocurrency coin the choice is always your, remember to always DYOR to avoid issues.
- If you love my post, feel free to comment and also support me, it will help to get me motivated. Remain bless as you read the post. Thanks
The decision to either hold or sell an airdropped coin is really one that we just need to be really careful about, we do not have the ability to determine a pump or dump but then we just try and then hope for the best.
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