Topic: Altcoin profit - when is being greedy too greedy? - page 2. (Read 479 times)

I also suggest that if you have made a profit from an altcoin, whether it is 10 or 20 percent, then it is better for you to take the profit and not try to hold it any longer. The altcoin market is very risky and when the price has been pumped up there is a possibility that the price will fall again as has happened with the Manta project.

I also suggest that if you have made a profit from an altcoin, whether it is 10 or 20 percent, then it is better for you to take the profit and not try to hold it any longer. The altcoin market is very risky and when the price has been pumped up there is a possibility that the price will fall again as has happened with the Manta project.

That's what the majority is doing.

Those that can't dispose their altcoins and turn them into profit are holding it for their own purposes. Maybe the profit isn't enough for them to cover.

Or, they've got some other better plan that's being on its way as they hold it. But if you ask me, as long as you're happy and you're in profit, please do.

You might not see those opportunities to come again as the market is very different with altcoins than of Bitcoin.

Since posting this thread 3 weeks ago Arcblock like most other altcoins has been falling.

It fell from £3.72 all the way down to £1.85 a few days ago but has now recovered slightly and price is £2.50.

I am not sure what has caused altcoins to crash last few weeks but hopefully they will recover soon or at least go sideways for a bit and then start going up again in a few weeks.

After watching these altcoins crash over the last few weeks it has made me realise they can fall just as quick as they pump so I will take more profit out soon when it gets close to £3 again.

In my opinion, taking some of the profits from altcoin investments is a good move when the price rises. it is an opportunity that cannot be missed because we don't know whether the price will continue to rise or even when it will reach its peak. Therefore, while the price is rising and it is profitable, take the opportunity to make a profit.

You see,  one of the reason why people make millions and lose millions the same market they made it, it's because they don't have experience. Statistics said it that people who make their first large amounts of money lose it carelessly and that's what you are doing.

On the other hand I moved into my first house 6 months ago and the amount I can cash out now will help pay towards some of the work we want done to the house.

I have not been in this position before, it is my first bull run and this is the first investment that has given me 40x return so not sure what is best to do.

I am leaning towards cashing out half of the remaining amount I have left and then leaving the other half until the peak of the bull run but is that too much too cash out this early or is it the smart thing to do?

I know taking profits is never a bad thing but could cost me a lot if this does continue to grow in price a lot over the next 6-12 months , that is my concern.

This is not being greedy but rather utilizing the bull run to the fullest because we often make the mistake of early cashout but yeah sometimes we end up missing out the peak assuming there's more surge to come and I have experienced both be it selling Bitcoin and $1000 or holding Altcoins when they were 50x in profit but didn't sell and ended up in loss during bear market. It's difficult to comment much on this topic.

I know taking profits is never a bad thing but could cost me a lot if this does continue to grow in price a lot over the next 6-12 months , that is my concern.

Dump my friend. I have experienced missed $350k unrealized profit at 2021 bull run. I just tell you that if you will be regretting it once you will not able to sell your bags at new ATH. It's kinda stupid to believe your money will be going even higher than this time. The better to take a look at what stack has done. It was going back down again.
Im expecting parabolic chart for arcblock after this. It was never reaching a new ATH since it was getting listed. This is the time for you to sell it at the top. Don't be so dumb and greedy. You will be regretting it once you will be missing a chance to sell your tokens at the top.
Think about that my friend. The pump will never be forever. I remind you there was no a strong reason why this token gets pumped so hard like this time. The better for you to cash out it at least a half from your investment.
Expecting you to get more is a very risky decision.

I hold an altcoin called Arcblock which I invested in last year at an average price of £0.09 and it reached an all time high earlier this week of £3.72 which is a 40x return. Current price is £3.35.

So far I have taken out my investment (£300) plus £1.6k profit but I am wondering if I should take more now or continue holding as we still have months to go, possibly even another year until the peak of the bull run so feel the price could go a lot higher.

On one hand I don’t want to sell too early , I believe Arcblock can reach at least £15 this bull run, some are even saying as high as £50 which is crazy to think as that would give me over a 500x return, but I’m not sure about that.

On the other hand I moved into my first house 6 months ago and the amount I can cash out now will help pay towards some of the work we want done to the house.

I have not been in this position before, it is my first bull run and this is the first investment that has given me 40x return so not sure what is best to do.

I am leaning towards cashing out half of the remaining amount I have left and then leaving the other half until the peak of the bull run but is that too much too cash out this early or is it the smart thing to do?

I know taking profits is never a bad thing but could cost me a lot if this does continue to grow in price a lot over the next 6-12 months , that is my concern.