Uptrennd token 1UP - Should I HODL OR Should Follow My Dreams
Hey Guys;
It's been a while that I had been exploring the Uptrennd platform. Precisely, it would have been two months that I started engaging on the Uptrennd social media platform and you can find me there with the user name Health Dear. I'm not getting into the mechanics on how the platform works, its token economics, the community etc.. But rather my point of discussion is regarding HOLDing 1UP token is the right move or not.
Real Example - Can You Believe It...
So let me give a real example that is tied to my portfolio and investment into the 1UP token. At one point in time, I do not remember the date when I happen to swap:: 1 ETH for 1UP, and I got close to 100K 1UP tokens. YES; 100K 1UP tokens and its just Yesterday the price of 1UP token shooted up 500+% and its still building up the momentum.
Just observe the SPIKE before the SPIKE the 1UP token use to trade less than a cent and now at the time of writing its touching 4 Cents.
Miracles do happen and you never know when your investment in the Crypto world can Yield you 500% or even 1000%. So I believe there is nothing wrong with dreaming BIG and rest leaving it to the Universe to do its magic and being patient is also one of the KEY to success.
Sometimes when we rush, we tend to take wrong decisions, and things that were planned for us tend to change because of a wrong and a hasty decision made.
The Main Point - Do I HODL 1UP token or SHOULD I exit
At the current moment, I've taken out what I had invested and am left with a amount that could help me in achieving my dream of getting to a point where I have 50K HIVE POWER.
I'm a person who loves to be optimistic and strongly believes in the law of attraction. Is it the law of attraction that is working for me or is it just the timing or you can say that I was lucky to grab 1UP tokens at the right time.
I don't know what made me buy the tokens when the price was really low but what I know is that currently its 4K USD in value.
So what made the Price of 1UP token PUMP
There had an announcement from the CEO of Uptreend Jeff Kirdeikis regarding Uptrennd going DeFi in a BIG way. And there are many other announcements lined up as well with regards to token staking, mobile app, token listing, partnerships etc etc.. This is all that I could find out wrt. to the news and the pump.
The news can be found HERE
My Question on HODLing 1UP token
Do you know about this token 1UP? Should I HODL it for some more time or should I exit with whatever profit I'm getting at the moment? If you are a person who does technical analysis, would love to hear your views on the token 1UP and its potential in the near future.
Looking at comparatives:
Hive Marketcap: 90M
Steemit Marketcap: 70M
Uptrennd Marketcap 3.5M
Best Regards
PS:- Image Courtesy; Uptrennd & Uniswap
It's hard to make suggestions now. I personally put everything on HIVE.
thanks, dear for sharing your perspective. As of I know, I have kept a target to get 20 ETH from 100K 1UP, and if this is achieved I will exit and invest in HIVE to get closer to my dream target of HIVE Power. Best Regards
This is a very tight one.....I don't mind pumps, but how sustainable is it? Will it come crashing down after two or three whales decide to sell? These are questions I ask myself before holding onto any token, especially after noticing a pump.
If I were you, I'd gladly just take out my initial investment(1ETH) and maybe a little more, and leave the rest to fate. That way, if it dumps, it wouldn't hurt much.
Best of luck
Cheers
thanks dear.. love these kinds of pump. Appreciate your views. I've taken out what I had invested and now am waiting to just maximizing my profits..Lets see if I can achieve the target goal that I've set for the 1Up token. cheers
Never heard about it earlier, and came to know only after this pump. Better to be at safer side. May be if it maintains the price for a long term, then you buy later.
thanks, dear sanjeev. Yes for the moment, I've taken out what I had invested and will wait a bit so as to maximize the profits.
Don't ask what to do but follows what you think is right for you in the present moment. This token is so volatile!
thank you, dear. I agree with you we need to follow our instincts at times. cheers
My pleasure and most of time we find the answer inside of us. ;)
I don't think it is wise to keep so much in 1UP token. Yes, it might have the potential to pump more but at the same it can dump harder.
I think playing safe is better. For that, I would suggest you to take more out of 1UP and keep around 30-40% in 1UP.
But in the end you should do what you think is best.
NOT A FINANCIAL ADVISE BTW
thanks, dear @syedumair for providing your valuable views. I did take some profits and for the moment am sitting on around 80K 1Up tokens. In past it has happened a couple of times with me when I sold the coins the price further went up. So this time as you suggested will keep taking out the profits at regular intervals. I have the Goal to get 20 ETH from this 100K..so hoping for the best. Thanks once again for the inputs. cheers