Topic: At what point do you sell your altcoins? - page 2. (Read 1505 times)

I am not saying I expect a 50x return on my entire portfolio I meant that I will hold some coins that will give me a 50x return if I just hold them till peak of bull run over the next 6 months.

I currently have a coin that I am 10x up on, it only needs to do another 5x now from current price to give me a 50x return from when I bought it

10x is a big profit and it is enough for me. i will also happy when i get 5x profit from altcoin or Bitcoin investment. nothing is ever able to pay more than 1x profit in 6-12 months. Crypto is the only thing that can make big profits very quickly.Expecting 50x profit in 6-12 months is too much. 1-2x profit is enough for me but if I get 5-10x profit it will be a big gain for me. investment on altcoins is very risky but also profitable in short time

Actually its really just that the basic stuff because thats how trader does on which buying low and selling up high which is really that the very basic of things but the question is, how you would be able to do it?
Outcomes and results will really be that varying into someones skills and knowledge towards trading on which we know that not all would really be that having the same skills and other aspects on which there would really be those who do have that better trading methods or ways in compared into those who are really just that new on trying to make themselves dealing up with this unpredictable space.

Selling your altcoin portfolio would really be that entirely basing up into someones preference because there are ones that will really be that deciding on holding up their coins for long term and there are ones who do make out some short term dealing with their holds which at the moment that they've seen that they are already making up some profits then this is the time or moment that they will really be that deciding on selling it out and secure their gains. Actually there's no bad on selling it out on short term yet this is really that our main goal or target in the first place.

For me then it will really be situational on which in according into my portfolio then there are really that those coins which are really that good for long term and there are for short term ones including my meme coin portfolio. At the moment that i have seen some significant gains then this is the time that i will really be selling it out if i do have the chance.

It probably depends on the price you want to sell whatever coins you hold. It's important that you know or have a timeframe for when you want to sell your holdings, whether it's bitcoin or cryptocurrency. Because if you just base it on feeling, you'll probably end up regretting it if you do it this way.

And once you have a timeframe date and year, once you've set it, you should also stand by and stick to your plans and don't attempt to extend your plans.

This strategy is used by many traders, buying when it goes down and selling when it goes up, making a profit of 50%. I haven't seen a definite movement in altcoins in general. Xrp and Hbar are coins that have future potential. We cannot ignore them in the overall sense of the word.
These two altcoins are rising so fast. I suggest always being consistent in looking for profits from the top altcoins. The key is to be smart in analyzing movements so that the profits you get are bigger. I like these two coins and keep them in my portfolio while waiting for the altcoin season to arrive.

Trying to time the markets gets to be a lot of work, plus as number of coins you are into increases the daily chore of checking all of them can get tedious unless maybe you stick to assets that some kind of monitoring aggregator tool offers to monitor for you which gets into would you even trust such tools can you take the time to investigate whether any are structured in a trustable way and for me more importantly what is the chance they even work with the nice "less popular thus much easier to have some real control over the fate of" coins that for me are a lot of my long long term things I have been into for in many cases over a decade.

A nice feature of my build huge columns of buy and sell offers strategy is I don't have to hover over it all monitoring it all all the time even though of course doing so can often pay me more by letting me react more swiftly, moving sell side gains to buy side and buy side gains to sell side.

There are times when waiting a bit actually helps even, times when if I fail to react super fast the price moves farther before I react so the gap between my buys and sells grows farther than it would have if I had been hovering over it, so that when I do re-post proceeds from one side of the order-book to the other I get a bonus for having let it move further before reacting.

The huge columns help a lot to enable time off, since even if it moves a long way while I am away from keyboard my pre-placed columns of offers way way up and way way down already in place catch those movements for me even though I am not right there to react fast to them.

If I leave the gap between my highest buy offer and my lowest sell offer at say 5% and have 20 offers in place then each offer that gets "taken" is 0.5% profit in whichever direction (buy side or sell side), so at that few offers even one offer "taken" per day would be 0.5% profit over the total sum I have on that pair; realistically of course I have many more offers than that by now but being already in place with offers to catch the occassional big moves seems historically to more than make up for what a lot of you maybe think is a low total overall percent per day and of course active pairs usually provide more than just one "taking" of one offer each day on average.


-MarkM-


EDIT: I might have gotten that percent number wrong enjoying some fortified eggnog right now. But regardless of exact figures I have lived off this stuff for well over a decade and it still works just fine.

Not going to mention all my coins but my number 1 currently is Hbar , it has done a 10x in 4 weeks.

From my average price of $0.04 it can definitely see a 50x return and reach $2 next year. But I will be selling out gradually from $0.50.

It all depends when you buy, for those buying Hbar now getting to $2 would only give them a 5x but for me a 50x and that because I got in a few months ago.

It is a lot easier to see a 50x in a top altcoin than you think.

Would crossing a specific price be impactful during the bearish season? Bitcoin's market value relies on users and their reaction to the bear season. And if more people do not feel relaxed about the negative shift in price that they need to take profits, the bear season could have a little shake off to do. But this bull season seems like what has come to be for sometimes.

Everyone will definitely have a target for themselves, and you won’t have a general target for all the coins that you are holding, you don’t expect all coins to perform well, and some won’t really be performing well, so make sure you do your research to know the coins that are going to perform well and set high targets for them, and the ones that won’t be performing well, and make sure your target is lower.
 
What kind of altcoin are you holding? If you are holding altcoins that have been in the market for some time, then expecting them to do 50X will be just kind of difficult, the coins that you will be expecting such a massive reward from are all those shitcoins just entering the market, which I don’t really encourage people to invest their money in because the risk is just always too high. I know if you're lucky, you will be making a high reward, but the risk isn’t just worth it.

As they say, hope for the best but prepare for the worst. We know that it is too early for the market or altcoins to start pumping because we were expecting that to happen when the new year begins. We had the same thing in mind for Bitcoin as well, but it surprised us and so did the altcoins. However, I would say that it is best that we take at least some profit so that if the market gets a reversal from here, we don't regret not selling at least a portion of our holdings.

Sell about 25% or something so that you have saved your initial investment just in case the market dumps, you can use those funds to buy again and add to your bag. We might see the market dumping within one week or so, but that would only happen if Bitcoin doesn't manage to cross the current resistance at $104k.

That's a good strategy and we don't have to ignore that. Investing in a project need a little of concentration so that we can know when to buy and when to sell so that you can look for an opportunity to buy more when the price goes down. Crypto is very profitable once we understand the strategy and how to make money with this strategy. At first, it is important we get the skill of analyzing the market if we actually want to be making money from this. I am very bullish on some tokens when I know that once the price starts going bullish, we can make really good profits from those projects. We also need to understand the right time to sell and when to rebuy. This is very important so that we don't keep waiting when seea good opportunity to buy more before price keeps going bull.

I swap the machines on my hosting, I have some for LTC, some for BTC, some for Kaspa and Alephium, depends on whats more profitable etc. etc.

The rally for BTC is still strong currently. And it won't stop.
The alt season will be far, far away from our point of time, in my opinion.

What do you mine exactly currently?

Before BTC corrects itself - we ball.
I do think we have enough time to not see that in a month or so.

When i feel like i Made enough profit with my miner

Personally, I am not too greedy with alt coins. I will most likely be holding them until a 10X max. But some of them definitely have more potential.

Well my portfolio has alot of alt coins in it. But it is mostly Ethereum, Ripple, and Solana and then some Doge. But I have same thoughts for selling alt coins like I do for selling of Bitcoin.

I do think it is best for us to still hodl. And right now we are seeing very big gains for Ethereum and I do think we are in a new 'bull run'. Do not sell those alt coins you will make a big mistake and wish that you did not do that.

by looking at the percentage of trading in the crypto market, we will know the shifts that occur and we can take advantage of it well, all considerations and assessments are clear and seeing their position in the previous year between bitcoin or altcoin can be a determinant for the future, although sometimes the cycle changes far from our estimates.

Who is selling or holding?

I did not expect these altcoins to pump this quick this early.

We still have many months for them to pump higher right?

We expecting crash soon or can they continue to pump for many more weeks at this point of the bull run?

I have sold small amount so far but it’s becoming tempting to sell more but just feels too early not even 2025 yet.