Altcoin Investing - page 3. | Bitcointalksearch.org

babygun

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Quote from: Pamadar on March 23, 2021, 10:15:04 AM

Simply close your eyes after selling your assets with profits.

Keep on monitoring will only lead you to invest back with fomo's and you'll just realized that instead you gained decent you are placing

it back with the risk that the pumped was already ended and correction/dumped are not starting ot show up, if you are not into the project deeper enough. Best to cashout and enjoy your profits.

That's indeed the best way, but it is easier said than done. I tend to keep tracking my assets even if I sold it completely. Sometimes I get mad when I see that it keeps on rising, but that's the game Wink

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Quote from: kevinzxz on March 23, 2021, 04:48:54 PM

if in my opinion 1% is a small amount to invest in altcoin, because the profit you get will not have much impact on your portfolio (the amount you invest is very small, so the profit you get will also be small) and my advice is that you better invest in altcoin with 20% of your portfolio, because in my opinion it is the ideal amount to invest in altcoin.

Crypto is only 7% of my portfolio as it is too risky to invest heavily. Right now, everything is going good and we keep on rising and rising but things can turn quickly (rember end december 2017)...

lalabotax

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is how much protofolio influence?
Well, may be it depends on what coins in the portfolio. Personally, I also have limited coins to hold in my porto. I mostly do trading and scalping to take profits although it is small profits. But I always get 25% of the worthy and potential coins to hold for next altcoin season

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Quote from: richstan69 on March 21, 2021, 09:36:27 PM

I’d like to get some opinions on Altcoin investing strategy. Here’s where I’m upto.

1.   Only invest 1% of portfolio
2.   Take out initial stake after 3x gain
3.   What about taking further profits, selling out completely? I’ve read that altcoins will lose 60-90% of their value when altcoin bubble bursts.

if in my opinion 1% is a small amount to invest in altcoin, because the profit you get will not have much impact on your portfolio (the amount you invest is very small, so the profit you get will also be small) and my advice is that you better invest in altcoin with 20% of your portfolio, because in my opinion it is the ideal amount to invest in altcoin.

Ewox

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My suggestion would be if ever your altcoins do make a profit like 3x the amount you’ve invested, I’d probably sell them and just buy Bitcoin when the price lowers down and hodl for like a certain time, a life but not a lifetime. 😉 Mostly alternate coins when they reach a certain amount, and burst when it bubbles; you might regret afterwards why you didn’t sell your coins. Just my opinion though.

elisabetheva

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Quote from: Reid on March 23, 2021, 09:55:14 AM

You're correct.
If you think your investment plan had already been fulfilled then go sell it before a dumps come.
And, if ever a pump comes after you sell don't regret it.
Profits are what you are aiming for and you just followed your plan which is the right approach instead of being greedy.

I think you are in a good position just to start up, except for the staking part.

usually all plans can change with excessive greed carried out by holders who really should have had enough of the plans that have been carried out.

I agree with you that if the investment plan is fulfilled, do not hesitate to execute it before any unwanted changes occur. any time in a current situation like this the possibility is very volatile and it is not easy to predict. therefore patience and not panic are needed. but as I said earlier, if you have gotten what you have planned, don't keep trying to wait even though you see the possibility that it might still happen. because everything can change quickly so that it is different from the original desire.

Pamadar

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Quote from: Reid on March 23, 2021, 09:55:14 AM

You're correct.
If you think your investment plan had already been fulfilled then go sell it before a dumps come.
And, if ever a pump comes after you sell don't regret it.
Profits are what you are aiming for and you just followed your plan which is the right approach instead of being greedy.

I think you are in a good position just to start up, except for the staking part.

Simply close your eyes after selling your assets with profits.

Keep on monitoring will only lead you to invest back with fomo's and you'll just realized that instead you gained decent you are placing

it back with the risk that the pumped was already ended and correction/dumped are not starting ot show up, if you are not into the project deeper enough. Best to cashout and enjoy your profits.

Reid

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You're correct.
If you think your investment plan had already been fulfilled then go sell it before a dumps come.
And, if ever a pump comes after you sell don't regret it.
Profits are what you are aiming for and you just followed your plan which is the right approach instead of being greedy.

I think you are in a good position just to start up, except for the staking part.

bitgolden

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Quote from: richstan69 on March 21, 2021, 09:36:27 PM

I’d like to get some opinions on Altcoin investing strategy. Here’s where I’m upto.

1.   Only invest 1% of portfolio
2.   Take out initial stake after 3x gain
3.   What about taking further profits, selling out completely? I’ve read that altcoins will lose 60-90% of their value when altcoin bubble bursts.

The 3x gain you’re talking about is not going to happen easily, it’s just time and of course there is the possibility of that happening real quick now that there is a bull trend and it all depends on which coin you invest your money in, it can even go more than that, it’s just with time. So you can decide to hold after the price has gotten you up to a three times gain, it’s up to you, but I still believe 1% is something you can risk for that.

Then talking about how much percentage altcoins can lose, yes losing up to 90 percent is possible and it do happen a lot of times, you can use Ethereum as an example, before the current price of over $1,600 (current price as of writing) that we have now, the price was around $100 before now, and that’s after a bull run that took it all the way above $1,500, but when the crash came, it fell from that price to a hundred dollars and less. So yes they can lose up to 90%.

Maslate

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Quote from: richstan69 on March 21, 2021, 09:36:27 PM

I’d like to get some opinions on Altcoin investing strategy. Here’s where I’m upto.

3. What about taking further profits, selling out completely? I’ve read that altcoins will lose 60-90% of their value when altcoin bubble bursts.

This can't be denied and that is how important to look into an opportunity not to miss the hype and could able to sell before it burst. Long-term holding for altcoins is at very high risk and that is why I'd never do that.

For now, I have some altcoins but could be sold anytime, just waiting for the best price. Yeah, it really hard to make it perfect but as long as we are holding potential altcoins, it lessens our worries that it drops more. I'm hoping that the situation could give me some favor and give me the best shot.

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kaya11

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Quote from: richstan69 on March 21, 2021, 09:36:27 PM

I’d like to get some opinions on Altcoin investing strategy. Here’s where I’m upto.

1.   Only invest 1% of portfolio
2.   Take out initial stake after 3x gain
3.   What about taking further profits, selling out completely? I’ve read that altcoins will lose 60-90% of their value when altcoin bubble bursts.

It's too low for altcoin investing, 5 percent is a good risk and if it will hit the target of 200x percent gain is a good time to sell. Too much diversified portfolio confuses me, If I were to invest in alts I would pick for only 5 to six of them. It will give me head aches following more than that. I only invest my money for now on eth and Btc because It's almost true that you might probably lose your money when the alt you invest burst, especially it is a new coin.

isaac_clarke22

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Quote from: richstan69 on March 21, 2021, 09:36:27 PM

I’d like to get some opinions on Altcoin investing strategy. Here’s where I’m upto.

1.   Only invest 1% of portfolio
2.   Take out initial stake after 3x gain
3.   What about taking further profits, selling out completely? I’ve read that altcoins will lose 60-90% of their value when altcoin bubble bursts.

Just don't forget to put something to Bitcoin, as it is connected with the number three.
Most alts just lose their value when Bitcoin dumps and plummets so bad, just to be safe of course.
You're not hearing/reading it wrong in number 3, OP.

DarkDays

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Quote from: Scripture on March 22, 2021, 01:17:22 AM

Quote from: richstan69 on March 21, 2021, 09:36:27 PM

I’d like to get some opinions on Altcoin investing strategy. Here’s where I’m upto.

1.   Only invest 1% of portfolio
2.   Take out initial stake after 3x gain
3.   What about taking further profits, selling out completely? I’ve read that altcoins will lose 60-90% of their value when altcoin bubble bursts.

Invest the money you can afford to lose and honestly, 1% of your total portfolio to be invested on altcoins is not enough to make good profit so I suggest to increase it at least 10% - 25% of your total portfolio since holding much of Bitcoin is also risky, your portfolio must be well diversified.

I agree. 1% allows you to work with very small gains, it is almost as if you're too fixated on losses in which case risking as much as you can afford will save you.

Quote

Its ok to take initial profit, this is your strategy and you have to commit on that one. If you're not contented yet then you can play long or sell everything so you can use it to buy another altcoins. Don't think about the bubbles, this is not true and only create FUD in the market.

There are always bubbles bursting all around the market, you just need to avoid these by picking the best projects around. investing with fear will not be good so try to eliminate that and stick by the golden rule ' don't invest what you can't afford to lose' and you'll be good no matter what.

Teraboy

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Quote from: richstan69 on March 21, 2021, 09:36:27 PM

I’d like to get some opinions on Altcoin investing strategy. Here’s where I’m upto.

1.   Only invest 1% of portfolio
2.   Take out initial stake after 3x gain
3.   What about taking further profits, selling out completely? I’ve read that altcoins will lose 60-90% of their value when altcoin bubble bursts.

People have their own decision to determine how much money that will be worthed to be used as investment into the legit coins.
I have been putting 30% of my total portfolios to dego when it was less than $1 and i got very big return now.

If that is still having a lot of potential to go to the moon at least 50x and why not? The flow investors got more than 300x ROI, The investors of alice also did a very good job by getting more than 150x ROI

Sell some coins as your reserved funds when it reached the peak price and keep the rest.

Javi_Anibarro

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Quote from: richstan69 on March 21, 2021, 09:36:27 PM

1. Only invest 1% of portfolio

1. The ratio of your portfolio depends on how capable you are of holding it when everything goes wrong. Always put a mindset that you can afford to lose it all since altcoin market is volatile and unstable.

Quote from: richstan69 on March 21, 2021, 09:36:27 PM

2. Take out initial stake after 3x gain

2. When the market looks extremely bullish, everything can work. Usually, I always take my initial investment after 0,5~2x gain(Do not be greedy is my principle).

Quote from: richstan69 on March 21, 2021, 09:36:27 PM

3. What about taking further profits, selling out completely? I’ve read that altcoins will lose 60-90% of their value when altcoin bubble bursts.

3. When I think the bullish market is about to come to an end, I will sell it all completely. It is because when the bubble burst, everything will go down at least as low as 80%. I learned it from the past bull run.

Those all are my opinion based on my experience, do not take it as financial advice. Always do your own work and learn from other people's mistakes.

bluebit25

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Quote from: richstan69 on March 21, 2021, 09:36:27 PM

I’d like to get some opinions on Altcoin investing strategy. Here’s where I’m upto.

1.   Only invest 1% of portfolio
2.   Take out initial stake after 3x gain
3.   What about taking further profits, selling out completely? I’ve read that altcoins will lose 60-90% of their value when altcoin bubble bursts.

Do not be too important the theories, but apply more into practice. Still the advice that I send to people around, if you want to earn a few thousand dollars in this market, you should also know how to accept losing that few thousand dollars. But this moment of opportunity is clear, and it is for all, so if you know the year you catch, you should completely reap the above theory. Buy whatever you think will increase the wait and make a profit, I believe it will happen very quickly, maybe a few weeks or months

Yaunfitda

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Quote from: richstan69 on March 21, 2021, 09:36:27 PM

I’d like to get some opinions on Altcoin investing strategy. Here’s where I’m upto.

1. Only invest 1% of portfolio

I'm not really sure though, maybe you need to increase at least 20%, personally, I'm 40/60. 40% on altcoins and 60% bitcoin.

Quote from: richstan69 on March 21, 2021, 09:36:27 PM

2. Take out initial stake after 3x gain

Yeah, good strategy, and then reinvest on others, rinse and repeat

Quote from: richstan69 on March 21, 2021, 09:36:27 PM

3. What about taking further profits, selling out completely? I’ve read that altcoins will lose 60-90% of their value when altcoin bubble bursts.

That's why you really need to monitor those altcoins that you are going to invest. Altcoin investing is much riskier that's why you really need to focus on it. For example, follow their official social media accounts and see how it is doing.

crwth

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It's what I read recently. 1% could be any cryptocurrency. It's either you are saved from the magic printing effect of FIAT, and your one percent could make you more money, or you end up losing that 1% and still have that Fiat investment in your portfolio. I doubt it will happen sooner or later, but the inflation problem is real. It's best to diversify your portfolio everywhere, with the proper allocation.

I like the idea of having a 300% increase and just taking it out and making sure to lock in that profit. It's a great approach. I think the best thing to see on this is that it's still a win, whether it's small or not. The important thing about it is still not losing money.

Selling out completely would be understandable if you know when to take it out. Unfortunately, no one can predict that 100%.

bonyaserg

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Personally, I invest in altcoins whenever possible, when funds are available. And as soon as the profit is received, it can be confidently withdrawn. So investing in cryptocurrency will become commonplace for everyone. The cryptoindustry has taken root in our lives for a long time. And now the cryptoindustry will only develop and move into the future over time. I believe that this bubble will never burst, but will only develop and give people more opportunities for development.

Jackl87

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Quote from: richstan69 on March 21, 2021, 09:36:27 PM

I’d like to get some opinions on Altcoin investing strategy. Here’s where I’m upto.

1.   Only invest 1% of portfolio
2.   Take out initial stake after 3x gain
3.   What about taking further profits, selling out completely? I’ve read that altcoins will lose 60-90% of their value when altcoin bubble bursts.

1. do you mean 1% of your total portfolio including estate, fiat and so on? then yes 1% seems ok, if you are talking about 1% of your crypto portfolio than it seems wrong.
2. that depends on you. i mean x3 is already great but you could be also really mad when you sell at x3 and the coin does another 10x from that point on, so it's hard to give a recommendation there
3. i don't think we have a altcoin bubble at the moment, btc dominance is still above 60 %

Topic: Altcoin Investing - page 3. (Read 608 times)