Topic: Altcoin profit - when is being greedy too greedy? (Read 468 times)

Yes it hit $4.69 high and the highest I took some profits at was $4.26 so got some out at a good price at least.

I said to myself I would have big regret if I cashed it all out at $4.69 only to then see it go above $10 next year which it likely will

You’re never going to know when is exactly the right time to take profits but there are certain points where you should do it. When you take profits depends from person to person, on individual circumstances & appetite for risk. I don't know about £ conversion rates but I see on CMC the high was $4.69 in May this year. It’s now down at  $1.82 so you can see not taking profits can bite you in the ass. You’re still up massively though & peak bull run will be next year. This coin can probably go to $10 in 2025 but start taking profits again at $5 or something.

Totally.
Limits should be put in place in order to avoid bad situations from happening.
And being responsible as a whole is also important.

I'd say when you invest over your investment budget. Means you also invest the money you cant really afford to lose

Yes o48o if one is not a big enough player to "make a difference" one might basically be gambling that those who are will not trash the buy-side thus devaluing the asset.

A lower-capital pair might be better, where your own column of buy offers can significantly "support" the sell-side asset's "value".

I am often very close to being the only market-maker upholding an asset, for example on FreiXchange in BTC/IXC and BTC/I0C it is comforting to see someone else has been helping me support (and maybe also helping ratchet-upward) IXC.

Having more control over the destiny of the assets you trade can be comforting but random pump and dump folk suddenly out of the blue pumping your asset is a lot rarer now than it used to be, maybe simply because there are what now, 30k assets or more instead of the 30 or so of old  days or 300 later or 3000 even later?

-MarkM-

From the experience, i know how you feel. We often like to believe that one coin is making us rich, because handful of them did in the past. So it will be hardest thing ever to give that up and sell. And that fear of missing out is a craziest thing. The fact is that you are never going to know beforehand what's a smart thing. Only thing you do know that you have money now, and you don't have a clue what that coin is doing tomorrow.

Selling in parts is the best option, and leaving he small bag in case of a moon is a smart move. Just don't leave too much in it.

And do yourself a favor and don't listen to anyone who holds that coin, because they are trying to talk you out of it saying you are crazy to sell now.
Since you haven't been in this position before, it might help you to know that you might feel the need to change your exit targets, because creed can make you delusional. And when the price eventually crashes, you might not even understand what's happening, because denial is a hell of a drug. And it's really hard to explain to yourself why you would sell then, when you didn't sell the top. So for our brains to make any sense of our failures, you might convince yourself that it will moon again, and that's how you end up being a poor bag holder.

It is good that you (O.P.) let your own judgements rule rather than those of the people urging you to dump.

Now you are presumably in the situation of everything you have on exchanges being pure profit as you already got your capital back plus some profit.

So now everything the naysayers keep reminding you is "at risk" is all "pure gravy", you can now presumably afford to treat it all as play-money, monopoly-money, game money, a bunch of virtual bits and bytes that by rights ought not even to be regardable as "income" until someone actually buys some from you and you manage successfully to get your local fiat into your local bank from it somehow.

It is like you found a magic sword in World of Warcraft.

Many years ago now some moronic politicians tried to argue that because one person once upon a time got $50 fiat (probably USD) for one such sword, everyone who finds one should be taxed on it and maybe everyone who already has one should be taxed too (did those morons go that far with their insanity?)

But in real life, if the exchange / game / platform / etc that shows you a positive balance collapses, gets hacked, etc etc etc, then really it turns out in such cases you often only had some bits and bytes configured into a configuration that looked pretty when displayed in a balance field.

You are now a denizen of the net, you might as well regard those bits and bytes as part of the inventory of virtual stuff your net-character holds.

If you go so far as to roleplay that character momentarily in your head, notice it lives on the net, heck why should it even believe the planet known as Earth is any more than a myth, that in "reality" it lives in a universe or multiverse that is "only a simulation"?

You are very lucky that (or if?) your net character either believes in your existence or blindly follows the ideas that you "put into its head"!

So now help it be successful in the universe or multiverse that it inhabits, though by all means do play it as a character that does believe in some kind of belief system that justifies to it paying some kind of tithes or donations to your planet known as Earth character, that is to say you the player, the character on the mythical planet Earth who somehow (miraculously? by technology indistinguishable from magic? somehow...) helped the online character come into existence and maybe thus "deserves" some "faith" from the online character...

I have only momentarily glanced at the asset you are on about, only long enough to see it might have too much capital in it for you single-handedly to "support" it or for your own market moves in it to "make much difference", so at your probable scale of capital compared to its total capital it seems probable that to you it seems much like my cash-out-routes assets seem to me; only now am I seriously considering trading my two current cash out routes, BiTCoin and Stellar (XLM) against one another or even conceivably against fiat in the exchanges where I get actual fiat out to my actual fiat-bank accounts. Just to squeeze out a little bit more market-making profit in that last step as it were. In the past usually by the time I sent BTC or XLM to a fiat exchange to convert them to fiat I "needed" the fiat too soon to take the time to set up buy and sell columns for them there to market-make a bit of extra profit on the way out.

Now that your online character has some capital to work with, I commend to it my "columns not walls of buy and sell offers" strategy and also suggest that it might like to become a maker rather than a taker where possible, putting buy and sell offers in place for others to "consume" (take) rather than being a "taker" such as "dumpers" who destroy an asset pair's "buy side" by destroying the buy offers by "taking" them, as a lot of how the supposed "current value" or "current price" of an asset is often calculated is by looking what is currently the highest buy offer.

You are probably not big enough to "support" or "make a difference to" that particular asset's fate, but maybe you can find other assets where you can really make a difference, so that by applying the ratchet-up-the-price columns-rather-than-walls strategy you not only "support" the asset's "value" but also ratchet it upward...

-MarkM-

Been 4 months since I started this thread and I am still holding the Arcblock I have left.

I am still not sure if I should have sold more when it was at its all time high in May. I am now holding a free bag and banked $2k profit but it could have been a lot more however I do believe it will go a lot higher in the next 6-12 months during the peak bull run months, that is what I am banking on.

I feel we are only a few weeks away now from another run like we saw earlier in the year so hopefully we will see new all time highs again soon and that is when I will take more profit.

Being greedy is the source of many problems, not only in trading. In trading, to avoid greed, a trader must have good money management, know when to do CL, know when to do TP, and know when not to look at the market. I also agree that FOMO should be put aside, stick to the initial goal and only invest in tokens that we have researched even if it is small research.

Indeed, with fluctuating market conditions, every decision has its own reasons. The important thing is to understand our respective goals and plans. As long as we remain wise in investing, all choices can be the right steps. Hopefully, we can all find the best opportunities amidst these market changes.

We do not "have to" take any risks, we could just stay with the top names and trusted ones and we may make less profit but at least we would know what we are doing and that's important. I personally believe that the best way to move forward would be just knowing what we are doing, and for that to mean something we should be focusing on how to get better results from known name ones.

If we focus on the smaller cap ones and think that it's time to get rich and take bigger risks, then when we lose money from them we shouldn't be shocked about it because that was the expected outcome, it would have been even lower chance if we make any money from them. So that is why I stay at the top names and do not move to any lower cap coins or tokens.

I took profit but not all of it.

The market will recover and when they do I will take more profit then.

We still have another 6-12 months of this bull run to come so plenty of time for the market to reach new highs and take profits then

I am glad I sold my stash when BTC was still around 71k; otherwise, I got rekt. So, have you taken your profit before the dump? I believe you should secure the value of long-term capital gains by pressing the sell button once the market recovers. I knew it was so desperate to see you lose your unrealized profit, but will you repeat the same mistake and say that another wave will come soon? It's most likely that bitcoin is going sideways now. 

For me, when it comes to altcoin profits, being greedy can cross the line when you let FOMO (fear of missing out) drive your decisions instead of sticking to a strategy. It's crucial to set realistic profit targets and know when to take profits. If you keep holding out for that extra bit of gain, you might miss the chance to secure your earnings and risk the value dropping. Greed becomes too much when it blinds you to market risks and stops you from making rational decisions. I think it's better to take steady, smaller profits than to risk losing everything by aiming for the moon every time.

Altcoins have been bleeding for over 6 weeks now I am just hoping we only have another month or so until they recover and start going back up again as I am tired of buying and ready for alt season to start banking some profits.

there are many alternative coins circulating at the moment with various projects being offered, we have to take any risks at this time, and all of these are difficult choices depending on the luck we get, altcoins are difficult to determine, everything happens suddenly because it requires certain steps. Be sure to research everything. You are the person who knows your own finances best at this time and whether it is possible or not is clear
and it all has to be done wisely.

When you see the peak, do not sell, and it starts to go down. That is literally the definition of it because you got too greedy to sell when you should and dreamed of even bigger profits and because of that you kept holding and you lost money because of that. I am not saying that you should not be doing it, you should definitely keep asking for more, but you should be smart enough to get out when you could as well.

It is quite obvious that we are going to make as much money as we can with what we have, and nothing would change that, it is just as clear as day. I believe that we need to make sure that we know what we are doing, and if we can do that then we are going to be doing fine. Just try to get out when you should, and you will be okay.

Well that's other option we can choose if we are risk taker and can afford to lose those remaining profit used. But for people who's not sure and think about everything is unpredictable then they should not doubt any good decision especially for taking their profit at whatever figure it is. Since there are sudden down turns on the market and for sure that those people will regret their decision upon not selling so don't think twice to take your profit since as long as you are bullish then everything is in good place for you. You can start over again, but if you became so greedy then provably that there would be an instances that you will ride up with those people getting in panic then praying for recovery before you sell. So for us not to come in that situation we should know how to settle up and think about profit at whatever figure is good already rather than chasing our loses from unfortunate events that might happen on the market.

If you know that the price of the token will going to increase higher in the nearest future, you can trade the half of the tokens to achieve income to solve some challenges that is affecting you, and continue holding the remaining tokens for the massive bullish season to come before you can trade to take huge amount of income. But don't forget that tokens price, don't use to increase higher like Bitcoin and Ethereum which you need to take income once the price hit higher in the market, because they can disappear sometimes to cause their holders regret for not release the tokens on time. Never you be greedy during the bullies season not to trade whenever you see majority of traders trading their coins, because altcoins bullish season don't use to live long like Bitcoin bullish season.

The price of Arcblock is currently £2.36 which is still a 26x for me.

Many would probably think that is enough to completely be out of the trade but to me I just feel we have a lot of the bull run still to go and the price will go a lot higher during the eupohria stage of the bull run when alt coins go up a lot faster.

The price has seen £3.72 already a few weeks ago, I last sold some at £3.34.

I just constantly have in my head thoughts of selling too soon, I feel i will be more gutted if i sell all at current prices and then see it go up to around £10-15 later this year than i would be if i don't sell more now and it goes to zero.

I agree 100%.

I've learned a lot from my past that as long as you're able to gain, reward yourself by taking it. The market is unpredictable and you'll never know when that time shall come to you and be rewarded again.

So, if the price falls and you sell at almost lesser profit or loss then it's your fault. And when that time comes, I'm sure that you'll get to learn that as well and won't become greedy anymore.

We have to get stomped before we learn things, right?

10 or 20% is nothing - I want at least 500% return in the altcoins I am holding and that is possible considering we still have plenty of time left of this bull run including alt season when altcoins go up 50% or more each day.

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.

You should have sold already on that high and then bought when it fell.

Most likely it is because of Bitcoin. When Bitcoin doesn't move a lot and instead it's moving down, then alts like the ones you're holding are also affected.

Absolutely, that's why you need to secure your profits.

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.

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.

People with their first large amount of money tend to be overconfident and over enthusiastic. They forget all cautiousness and start diving into different things. Buying everything and investing on anything without any hesitation because they feel as if their money is endless.

Learn to step back and keep studying to improve financial decisions.

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.

If you have made such kind of profits, why not just the profit and reinvest the capital, a place where you made your first big money can make you more again if you put more effort into the things you put into consideration that help you in the process to win the first one. Take that profit and make use of it outside crypto, don't lose your money into shitcoins.


You are looking at the only bright side of crypto and that's a good thing but it's because you made a good profits but I'm sure the story would have change if you made -50% from your investment. Just know that altcoin that give you profit can also take it, the 40x you made can vanish under 24 hours if bad things happen to the market, that's the bad side of investing in altcoins.

That could be true as we are all aiming to become more profitable and yes of course we have to be more aggressive during the bull market as we all know, we can have a better chance here to make profit and if you do have that money, then why not utilize it to the fullest. Either with Bitcoin or altcoins, you should have your target price always so you can know when to buy and sell, to secure the profit no matter what.

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.

One of the temptations that often makes us regret it in the end is being greedy, especially for altcoins which are quite new and don't have a good and strong position in the market. I often do it, hoping it will go up again and again, but in reality it's the opposite. Greedy is one of the reasons I procrastinate taking profits even if it's only a few percentage points. In fact, you just leave it until in the end it becomes trash and the tokens are no longer valuable.

So, in my opinion, it doesn't matter if you still want to continue holding. However, in my opinion, at least you have to take profits first to return your capital in these coins. So in the future, if these coins continue to survive and the price is high, it will really be a bonus and reward for you. However, if it turns out to fail, at least you have returned your capital and didn't lose.

That's the risk on every investment, we need to sacrifice a lot of things particular with capital investment we had.
There's a lot of concerns not just you but for many traders including me. What I value nowadays is keeping my asset within control, don't easily dump when you see potential rise might soon take a big break.
Long term holding needs a lot of patience, eventually our undertakings will become successful once our goal is reached.

Yes, it's definitely a good idea to start cashing out your profits, since you have already made x40 profit. That is a lot of profit, even when compared to the profit made through BTC by the early investors from previous bull seasons. If you are so confident this altcoin is going to hit 15$ by the end of this bull run, you can keep holding some portion of them to see what happens. However, it's highly advisable that the largest part of your portfolio should be put for sale already, so you can guarantee the x40 profit made.

It doesn't make much sense to take high risk after high risk without enjoying the fruits after all. It's similar to the story of the addicted gambler who keeps betting, chasing losses, and even when he is successful on the process, he doesn't cashout, but keep pursuing higher and higher betting rewards, as to win was the final goal, while the final goal should be in fact to put the winning into good use.

We still have many months left of the bull run including the parabolic stage so it can hit £15+ easy.

The whole market is dumping currently, not sure why.

If you didn’t sell in the peak of the last bull then that is a stupid mistake to make, I will not be making that mistake and will cash out most of my profits by the end of this year.

I would have some the same thing you did the right thing for sure there is no reason to hold anymore since you make that huge profits. It can results to lots of losses if you continue holding the coins so exit is definitely the safer option here

In this kind of scenario, only you can decide whether you further hold it and get some more profit in the future or sell it to get a decent amount of income in order to use it on other investment platforms that you have already been up to. Most investors at this point will take the profit since there are not so many chances of having this kind of chance to earn as much profit as possible in your altcoin investment. When you don't get it now, you will find no more chances like this one in the future because sometimes the price won't rise again due to incompatibility of their new updates to the investors and they failed to have another impact for their coin to grow because they already so much investors.

There's no right answer to this, as no one knows the outcome beforehand. But why would you have to sell everything? Just exit slowly or take out 50% or something like that. 100x is my 50% exit point no matter what i think of the markets. This is based on my experience of being delusional and starting to fall in love on my investments.

Also consider what taxes you need to pay in your local area to get most out of the exit plan. Sometimes keep holding is so much better option if you need to decide on life changing money and pocket money.

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.

The altcoin market fluctuate a lot but once anyone is able to understand the altcoin market movement i think they will be fine with buying and selling as they please. The truth is, those who have deep knowledge about the market can make money in any market condition, bullish or bearish. What matters most is knowing what you are doing, especially avoid fomo and buying at the top 
Imo, when greed becomes too recessive is during bull when you have the best opportunity to take profit and you refuse. As of now, we are not there yet. 

We seem to be having a bit of a dip in the market despite the news of the Ethereum ETF approval.

Current price of Arcblock is £3.22, I will wait till it reaches £4 to then take out another decent chunk of profit and then hold the rest till end of year when it is hopefully £10+

So as of now you made profits which is quite high you chose to decide only a small percentage from it like 20-30%, but I would say get your 50% profit and reinvest them into some other coin which is the most conservative method from investment perspective but if you believe it can still rise and you already took more than you staked then there is no harm in taking the gamble but you should accept whatever the result whether it rise further or comes down to zero.

Investors or traders who have experienced several bullruns will face situations like this, and there are those who managed to get maximum profits or not, but the sad thing is that they didn't even get any profits at all because they left the market too late and even ended up becoming long-term holders or even seeing that the price of the coin has no value, you have to be careful in the altcoin market because it will actually be difficult for investors or traders to know which is the highest price and also the lowest price. Understanding the risks and getting a profit of 40x-100x is much better than failing to get a profit.

Altcoins can crash even during bull season because the bull caused by Bitcoin, which mean Bitcoin is the coin that has 100% guarantee the price will increase, while other is either following or die. It can die because people who invest in altcoins choose to cut loss and shift to Bitcoin, which make altcoins no longer have any volume.

You can check there are many altcoins price are keep declining despite Bitcoin price tend to rise.

Yes you do have to take risks.

Many like to play it safe and that's fine if you have good money to start with but if you don't then you have to take a gamble like i did here.
It was only £300 over a 3 month period I put into this altcoin and it is now number 1 in my portfolio. 

I am hoping to end this bull market with good money to then play it more safe in the next bear market in 2026.

Hopefully alt season is only a month or so away now, fingers crossed.

Looking forward to alts season now, FOMO is high and you have to be willing to take risks. I'm preparing well, but I'm still continuing to staking TFS for backup, at least it will help keep me in the market

I am just trying to imagine what it would be like in both scenarios.

If it was to crash today, yes I could have had a lot more profit If I had played it safe and taken more out but at least I will have still banked £1.6k profit and not lost anything.

If I was to sell today and it does another 10x from current price this bull run, that would annoy me more as we would be talking tens of thousands of pounds extra I could have had.

I will continue to hold for now and see how the next week or so goes, current price is £3.45 and my next take profit level is £4.20 so will take some more out then.

the thing is that you just never know whether in the next months or in 6 months your coin gonna pump or dump, its overall a hard decision to make when you don't even have any idea what future gonna be, but i'm myself always set a rule if cashing out the profit for the sake of whatever needs i want to fulfil is somewhat worth it, for example, i want to buy house, then its worth it regardless the price of altcoins keeps pumping or not, a profit is still a profit.
regret after selling altcoin is unavoidable anyway, you just wasting your time over thinking it, there's always opportunities in the future that you can take, but if you are so sure with the investment and thinks that the profit you make by holding longer may be life changing for you and a massive help, then I guess it depends on you to decide.

you're the one that knows your own financial condition the most, this decision is entirely up to you.
but yeah there are some other strategy that may not cause future regret of not holding longer like stated by some people before, just sell half of it if you're so adamant to fulfill your needs and keep the rest.

Can I also ask, now that this altcoin has been performing really well over the last 6 months am I correct in assuming it will at least survive the rest of the bull run?

Or can altcoins crash at any point even during the bull run stage?

I don't want to get too confident with it and just assume it will still be around in a year just because of the recent rise if that is not always the case.

The crypto market is volatile, and all what we can do is speculate prices, not knowing whether the coins/token we hold will dump or pump. You've in a spot now to make decision to sale and put the money in your housing project or leave your crypto project in the hope of getting more ROI, I think that since you have made tremendous profit so far, and have recovered your investment fund, it'll be good to leave some, but the percentage to leave has to be your decision. Unless if your housing project requires some urgency to finish it, otherwise it's best not to sale a promising crypto that has the potential to be bullish in this season.

If I were you this is what I would do. With altcoins, it’s hard to determine whether it could still go up or would it be the highest peak before it crashes out. Everything happens abruptly as well so it’s hard to save some of your profit while being sensitive to time. The safest bet would be to do this. At least you’ve got some of your profit out already and if it continues to go up then it’s just a win-win situation.

Yes that is my main concern selling too early.

I could sell my whole bag now for a 40x return but it only takes the price to now 2x in price for me to have an 80x return so its a big difference.

The current price is £3.40 , I think I will just continue selling in parts as we go up in price my next sell target is £4.25 I will take more out then.

This is really a complex topic. In the last bull of 2021, I booked my profit too early and left the market with USD and as I watched the coins that I had just sold rise, all I had was less profit, more regret. We are nearing another bull and as the price rises, both fear and greed fights inside our mind.
Selling your coins on all time high is a myth. You can neither predict nor execute it. The best thing would be to sell as close to that high as possible.
Someone did shared some strategy which I like and am rephrasing it. For a coin you plan to keep long term,
Put 50% of your coins at x2 of your buy price. When this order executes. You'd get back your investment and the remaining 50% of coins would be your profit.
Keep the 50% of the remaining coin (25% of initial buy) on x3, when executed, it brings 75% ROI to your investment.
Likewise keep half of what is left (12.5% of initial buy) on x4. This way you could go up till the price point you believe the coin could rise.
Might not work with bitcoin but is valid and achievable for newer promising altcoins.

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.