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Basic Questions about Cryptos / Re: What is the best thing to do with tokens gotten from airdrops?
« on: Today at 12:48:06 AM »One thing that every crypto investor should be aware of is that when you are into newly launched tokens, be it airdrops or those you bought but most especially airdropped token. You should not have a long term hold target in mind. That's simply because these tokens are meant to make quick money for it's developers and after launch they all take out what they've profited from their investment of which the market ends up dumping. So you as an airdroper should as we take your profits immediately they are launched.Very true. Most of the airdropped tokens out there in the market are mostly there for the purpose of enriching the pockets of the project’s developers and team, so it’ll be very risky to attempt HODLing unto such token as it might crash at any second. It’s just like you’re keeping or holding on to a time bomb that could explode any moment.
So the best option would be to immediately sell it, and even if you plan to hold on to it, it should be for a very short term and that would be a very risky game to play.