Topic: At what point do you sell your altcoins? (Read 1505 times)

You don’t want to sell too early though.

I will have much more regret if I sell an altcoin for a 300% return only for it to then pump a lot higher.

We still have many more months of this bull run to go , Bitcoin may see another 100% move next year but Altcoins can see a lot higher return.

Exactly! Knowing that altcoins have lower potential compared to Bitcoin when holding an altcoin, I just wait for it to reach its maximum performance - typically a  +50% increase above that. Then, I sell it off. I don't want to risk a drastic drop in value, leaving me with regrets. My goal is to catch the altcoin at its peak period.

Unlike Bitcoin, which is currently on a bull run and attracting many investors, altcoins are sometimes unknown or underestimated, lacking active investors. But when you study the coin and notice a significant increase in its market value, I advise selling it off.

Not at all, if you do really try to observe on what are the things that do happen in the market on which you are really just that trying to check out with those top altcoins in the market then you would be able to say that holding them for long term is something that will really be that worth. Investors or traders here on the market doesnt really that just focusing Bitcoin but also rather with altcoins as well. There are those who do love on touching up degens or meme coins on which they are really that indeed hoping that they can be able to make themselves getting rich because of it. Its not really that bad on having those kind of hopes and wishes about on getting rich but make it sure that when it comes to risks management then you do really know on what you are doing. Dont get too desperate when it comes into this aspect because at the moment that you do lose control when it comes to investing then you will really be derailing yourself into your path on which you had made out such analysis.

Selling thing will really be basing up into someones selling threshold because we do have our own level of prices on when we do make out that selling decision. If its really that enough into your preference and taste then no one will really be able to stop you on selling out your coins.

Spreading your sell offers upwards as far as you imagine price might go, and actually I prefer way higher than that as historically for me they have often wildly exceeded my imaginings, helps make sure you don't miss the peak, just as spreading your buy offers all the way down, or at least significantly down, helps make sure you don't miss the buying opportunity presented by dumps / tanking of the price.

(Also, spreading of your offers into columns rather than walls can help avoid the discouraging of the movement of the price that presenting "walls" that some might view as too imposing to try to break through could cause.)


-MarkM-

Altcoins can be very profitable if you get to risk your funds on the right coins but nonetheless altcoins unlike bitcoin isn't an investment you should hold for too long due to its pump and dump nature. 50x returns if achieved is a significant profit to be made though but hanging on altcoins in anticipation towards the bull run peak before selling or taking profit isn't anything I'll want to do because most altcoins may not even wait till the bull run peak before dumping and that's why it will more better to take your profit provided it has made some significant highs  than waiting till your projected timeframe.

How did you identify such as deal ?

This is a smart move. I do not do the second part all that commonly, I just repeat the cycle basically. As in, If I enter 100 dollars, and it reaches 200 dollars, I just take out 100 dollars, making it go back to 100 dollars. After that, I wait for it to reach 400, and take out 200, making it go back to 200, then I wait for it to reach to 800, take out 400... so forth. Basically just keep repeating this at all times.

Not like I take out money and just go buy a burger with it or something, I take that money out and invest into something else anyways, so it is always invested in something. But, if you are definitely sure about a project, then doing one of these, like 100 to 200 and take out profit, then you can just hold it for a decade without ever taking out, which makes sense too.

Not a suggestion, just a personal opinion, generally I apply Money Management in the altcoin trading system, if the price has increased 2x from the entry price I will take 50% profit, then my take Profit area at every important price level, such as Tp 10% at $1, Tp 10% at $2, and so on. where this will minimize losses, most importantly Psychology will not be disturbed if the price goes back down because previously Take Profit capital.

Maybe a good related question which might be worth a thread of its own would be at what point do you quit your "day job".

I see now that I maybe have never really "invested" in altcoins, other than in the sense a carpenter or plumber or electrician "invests" in their tools.

Even when branching out into "real estate" on the theory that that is something my heirs and assigns can get hold of if I "get run over by a bus" whereas my crypto they might be very likely to get scammed out of by some smart-talker who claims to be able to "recover" my holdings I haven't so much "invested" as just piled up houses like more coins as something to do stuff with more than as things to at some point "dump".

Basically for me I think crypto is more of a profession or living in itself than a mere "investment".


-MarkM-

When the rally stops? I mean when we are looking at the market right now it's still pretty green and as long as it's green we do not really have a reason to sell, we should keep on trying to hold it for as long as we can, that means we are not going to really stop for a while longer. That's at least me, but for a long time I do not see how that could stop, I am assuming I will hold at least until spring, summers are usually a bit boring period so I may sell before the summer and reconsider after that.

I do not like selling all together to be fair, if I trust a project then I try to hold and own as much as I could, which makes it a lot better and that's how I approach all of this, makes it much better whenever I try to hold long term.

I definitely do not plan to hold the altcoins I hold forever.
I am not greedy to make a lot of x, I have set prices where I will sell at 3-4 digits, what I think is to make partial sales there and sell the altcoins I hold before the season ends.
10x is very good for me, I can't say no to that. Some altcoins may do more in the future, but taking profit is the key point, right?

Since you are talking about altcoins, you don't need to hold altcoins for long term like the way some holders use to hold bitcoin for long term before they can sell, because altcoins don't use to remain so long for bull season, and if you want to earn income from altcoins, make sure you sell the moment you discover that there is an income if you sell the altcoin, and you will like altcoins investment because is the simple way people use to earn income from altcoins, but there is a big risk behind altcoins investment which you need to put in the back of your mind before approaching altcoins, sometimes you can invest in altcoins hoping you have make a good altcoin your choice than to later discover is not going to bring out a good income base on the speed dumping of the altcoin.

It's really big, especially if, for example, you invested $1,000 and multiplied by 10, for sure your profit will be $10,000, which is a big amount of money too.
ten times the capital fund that you will use for any altcoins you choose.

That's why I base my sell of altcoins that I hold on the price I want, and once it reaches that, I will actually sell my hold because I will take profit,
and that will help me too, of course.

There isn't really a specific moment when you know it's at peak, maybe it's already peaked and will never grow further, some of them will surely be in this category, some will go up 2x more and drop, some maybe go 10x higher and drop after that. You never know what it is going to do and because of that I do not think that it will be that crazy to think about what we are dealing with, it is not really that complicated at all, we should be favouring this as much as we possibly can.

I understand that people could sell their coins at any given moment, but figure out what the peak would be, doesn't have to be correct each time, but do not sell before you think it's peaked, do not rush into trying to make a profit, keep hold of it as long as you can until the peak.

Just don't be greedy that is the key, everyone want their investments turned into X2 or even X100. So if you asked me At what point do you sell your altcoins? When I'm think the profit is enough usually when the price reach around  local resistance zone or at least when the price reach new all time high.

The thing is if you want big profit you can use tool like trailing stop

I am not saying I know when the peak of the bull run will hit.

I said peak bull run months , we still have many months to go until we see peak bull run months.

The truth is that it is not advisable to hold some altcoins for long periods of time unless you have a great project like Solana, BNB, or Ethereum. Even then, I don’t think these projects will give you the 50x returns you want easily, it will surely take time, even if they eventually do 50x.

Many other altcoin projects are just pump-and-dump schemes, and success often depends on luck. When someone is lucky, they can make some reasonable profits there. In fact, many people claiming to make massive profits from altcoin projects, especially meme coins, are often part of the project teams. Once they achieve high profits, they just dump the tokens.

We have to be very careful when investing in altcoins because it is not easy to find good projects in the cryptocurrency industry nowadays. I have seen some tokens that did 100x in the last bull market, but those types of projects are rare now.

There is no way you will know when we have reach the peak bullrun. As you are enjoying everything about it right now, be cashing out and locking in some profits while keeping the rest of the coins for future of incase we have much more bull run in the future. If we later have one, lock in more profit and keep some if there is more to come later, the profit you have lock in will forever be profit and wouldn't be any loss but if you don't sell and they crash, you will never make any profit.

My fear about the altcoin market is that you don't really know and can't say which is the best way to go, diversifying of portfolio helps but you still have to take some profits unless you are that risk taker that will hold and be patient for anything. This kind of people don't care if the coin goes to zero but they will make sure it's secure for life and will later sell when there is something significant in their holding, that's when they come out and sell..

The altcoin is Hbar. Not sure if it will do another 5x but think it can do another 4x so that would give me a 40x return from when I bought below $0.05.

So you will get a big profit, congratulations. But what altcoin do you invest in? Altcoins that provide such profits are rarely found in the top altcoin market. But don't know how long you hold the coins you have. Because more altcoins in a short period do not provide that much profit.
I don't focus on altcoin investments, most of me hold Bitcoin and only a few altcoins that I am also still waiting for to provide profits and hopefully like what you get.