Set Alarm! Hold or Sell DOGS Today? Complete Guide for Decision Makers

Bittime – The highly anticipated DOGS token airdrop has finally arrived! For the lucky participants, the big question now arises: should we immediately sell DOGS tokens upon listing or is it better to hold them for a certain period of time?

Let's discuss this in more depth. For the record, this guide is only to help you get another view regarding the confusion between holding or selling DOGS tokens that you own.

Understanding the DOGS Airdrop Mechanism

The process of claiming DOGS tokens to the TON wallet will start at 15.00 WIB. Make sure you have prepared TON coins or Telegram stars to cover transaction costs (gas fees).

Starting at 19.00 WIB, DOGS tokens will be listed on various exchanges (either centralized exchange or decentralized exchange). This means, you can now trade DOGS tokens.

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Why Do Airdrop Token Prices Often Drop Initially?

Many investors tend to immediately sell airdrop tokens as soon as they can be traded. This often causes a significant price drop in the early days of a listing.

Airdrop participants who have succeeded in getting tokens for free certainly want to realize profits immediately.

At the beginning of a listing, market liquidity is usually still low. This makes prices very volatile and susceptible to sharp fluctuations.

Dilemma: Hold or Sell DOGS Tokens

The decision to hold or sell DOGS tokens is very personal and depends on various factors, such as:

• Investment Objectives: Are you investing short term to look for quick profits, or long term to get higher returns?

• Fundamental Analysis: How strong do you think the DOGS project is? Does the development team have a clear vision and a solid plan?

• Technical Analysis: How will the DOGS token price move after listing? Are there any bullish or bearish signals?

• Risk Tolerance: How much risk are you willing to take?

Tips for Decision Makers

Here are some tips to answer your confusion about the DOGS listed today.

• Conduct In-Depth Research (DYOR): Learn thoroughly about the DOGS project, its development team, roadmap and market potential.

• Don't Get Carried Away by Emotions: Avoid making decisions based on FOMO (fear of missing out) or FUD (fear, uncertainty, and doubt).

• Portfolio Diversification: Don't put all your eggs in one basket. Allocate a small portion of your portfolio to invest in airdrop tokens.

• Set Profit and Stop-Loss Targets: Determine how much profit you want to achieve and at what point you will sell if prices continue to fall.

• Consult Experts: If you are still in doubt, don't hesitate to consult with experienced traders or financial advisors.

Read Also: Telegram CEO Arrested, Telegram Confirms It Complies with European Union Law!

Conclusion

The DOGS airdrop has brought a lot of joy and hope to the participants. However, the decision whether to hold or sell DOGS tokens after listing is a personal decision that must be considered carefully.

Do in-depth research, consider your investment goals, and don't get carried away by emotions when making decisions.

With good planning and proper risk management, you can maximize the potential profits from the DOGS airdrop.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Crypto on Bittime.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.