Topic: At what point do you sell your altcoins? - page 2. (Read 820 times)
What are you serious about 50x? I am feeling that 10x is still a very big amount for many crypto traders. We know that 10x comes with huge risk. Nevertheless, I always hold the coins for short-term gains. I target an 8% return on the investment; once that is achieved, I sell the coins. Yes, most of the time I trade with futures, but yes, for this I maintain a good big balance. For this big balance, 8% profit is a good amount. I do trade with altcoins in futures every 2-3 days and target small profits from it.
Well, congratulations for holding it this long. I am sure it will go back there eventually and you get to sell it, but what comes to adoption opportunities it had, i am afraid that they were pilot programs, and most of the time those lead nowhere.
At the time when crypto was booming "and solving everything", most of the people didn't know what it does, like they still don't do. Companies just didn't want to be left behind, and ordered pilot programs to try some of it out. And as it turned out, decentralized ledger just isn't needed in most cases. It just sounds good, but is too expensive and not sustainable in comparison to other solutions.
I almost participated on XRP "ico" or what ever that was called back in time, (i still got my login info for that site), but i was talked out of it by people saying it's centralized corporate coin (which is technically is). I also didn't understand marketcap at the time and thought naively that max supply was too high, and thought of how little i knew makes me headpalm these days.
Back in time it had a simple use case, and that was transferring large amounts of value between exchanges, because there were lack of cheap, fast and liquid options that would be accepted everywhere.
The sad thing about keeping something like this for this long is the fact that you may actually end up with a loss based on missed opportunity, and not a lot of people talk about that part. I think it's quite clear that we are going to see a lot of missed chances if we do not look at this carefully and I believe that we are not going to like what we get. If he sold beforehand, like not let it go down this much and sold and bought something else, then he could have made a lot more money without a doubt.At the time when crypto was booming "and solving everything", most of the people didn't know what it does, like they still don't do. Companies just didn't want to be left behind, and ordered pilot programs to try some of it out. And as it turned out, decentralized ledger just isn't needed in most cases. It just sounds good, but is too expensive and not sustainable in comparison to other solutions.
I almost participated on XRP "ico" or what ever that was called back in time, (i still got my login info for that site), but i was talked out of it by people saying it's centralized corporate coin (which is technically is). I also didn't understand marketcap at the time and thought naively that max supply was too high, and thought of how little i knew makes me headpalm these days.
Back in time it had a simple use case, and that was transferring large amounts of value between exchanges, because there were lack of cheap, fast and liquid options that would be accepted everywhere.
Instead, he kept it, and yeah he could profit in the end, which is fine and happy, but it is going to be something that takes too much time and it is going to be a lot less profit than what OP could have made with something else.
I doubt that XRP would achieve anything high any time soon or ever. If we talk about XRP, than I am holding it since 2021. Bought it when the price was $1.05. Thought that it will be a good investment if they beat SEC. What I get now is that SEC is beaten, price is way lower, ATH is not even close. I would be happy to sell it for $1.05 again. Indeed XRP is popular, but that is pretty much it. Imo it is impossible to get gains just on popularity. As to technology and opportunities XRP give, are they still demanded?
Well, congratulations for holding it this long. I am sure it will go back there eventually and you get to sell it, but what comes to adoption opportunities it had, i am afraid that they were pilot programs, and most of the time those lead nowhere. At the time when crypto was booming "and solving everything", most of the people didn't know what it does, like they still don't do. Companies just didn't want to be left behind, and ordered pilot programs to try some of it out. And as it turned out, decentralized ledger just isn't needed in most cases. It just sounds good, but is too expensive and not sustainable in comparison to other solutions.
I almost participated on XRP "ico" or what ever that was called back in time, (i still got my login info for that site), but i was talked out of it by people saying it's centralized corporate coin (which is technically is). I also didn't understand marketcap at the time and thought naively that max supply was too high, and thought of how little i knew makes me headpalm these days.
Back in time it had a simple use case, and that was transferring large amounts of value between exchanges, because there were lack of cheap, fast and liquid options that would be accepted everywhere.
My portfolio is still full of old and used to be popular altcoins (doge, XRP, Cardano, Matic), whos price is still havent reached the price I have bought them. Except Ethereum, that I hold since 2019-2021, I am in loss with my altcoins. I would happy to sell them and close deals with 0. I wish I would have stayed with Bitcoin and havent diversified my portfolio.
We are only a few months now from the euphoric stage of the bull run beginning.
You have held this long just wait a few more months and then your altcoins will be be back to where you bought them plus a lot more.
I bought most of mine during the bear market lows in 2022/23 and i haven't bought much last few months i have just been holding. It tests my patience at times just waiting but then I remember what is coming in the next 6 months or so.
I like your positive mood, but I dont expect altcoin market to rise in few months or in next 6 months as you say. I have already come to terms with the fact that my altcoins will stay with me for a very long time. Reason for that is they are popular old altcoins, while we observe gains of new altcoins. Seems that nobody is interested in old altcoins, like nobody is interested in old technologies and ideas. I have little hope to see XRP price higher than $1, Cardano would ever cost more than $1.5 and Matic to cost $1.5+.
High risk high rewards right? Provably that decision either could give him learnings or profit. But its good to take action regarding on what possible best situation that might happen in next following months since I think this year is really the best to test up something since many alts might experience to experience bullish situation. Old altcoins might not give a great growth but its fine to acquire it since we already have confident that rug pull schemes will not happen on those coins. Compare to those new alts which we don't know if they could last for long months. There are chances for XRP and Cardano, but I think XRP would reach for that figures first since this is more popular than the other old altcoins in the market.
I doubt that XRP would achieve anything high any time soon or ever. If we talk about XRP, than I am holding it since 2021. Bought it when the price was $1.05. Thought that it will be a good investment if they beat SEC. What I get now is that SEC is beaten, price is way lower, ATH is not even close. I would be happy to sell it for $1.05 again. Indeed XRP is popular, but that is pretty much it. Imo it is impossible to get gains just on popularity. As to technology and opportunities XRP give, are they still demanded?
My portfolio is still full of old and used to be popular altcoins (doge, XRP, Cardano, Matic), whos price is still havent reached the price I have bought them. Except Ethereum, that I hold since 2019-2021, I am in loss with my altcoins. I would happy to sell them and close deals with 0. I wish I would have stayed with Bitcoin and havent diversified my portfolio.
We are only a few months now from the euphoric stage of the bull run beginning.
You have held this long just wait a few more months and then your altcoins will be be back to where you bought them plus a lot more.
I bought most of mine during the bear market lows in 2022/23 and i haven't bought much last few months i have just been holding. It tests my patience at times just waiting but then I remember what is coming in the next 6 months or so.
I like your positive mood, but I dont expect altcoin market to rise in few months or in next 6 months as you say. I have already come to terms with the fact that my altcoins will stay with me for a very long time. Reason for that is they are popular old altcoins, while we observe gains of new altcoins. Seems that nobody is interested in old altcoins, like nobody is interested in old technologies and ideas. I have little hope to see XRP price higher than $1, Cardano would ever cost more than $1.5 and Matic to cost $1.5+.
High risk high rewards right? Provably that decision either could give him learnings or profit. But its good to take action regarding on what possible best situation that might happen in next following months since I think this year is really the best to test up something since many alts might experience to experience bullish situation. Old altcoins might not give a great growth but its fine to acquire it since we already have confident that rug pull schemes will not happen on those coins. Compare to those new alts which we don't know if they could last for long months. There are chances for XRP and Cardano, but I think XRP would reach for that figures first since this is more popular than the other old altcoins in the market.
My portfolio is still full of old and used to be popular altcoins (doge, XRP, Cardano, Matic), whos price is still havent reached the price I have bought them. Except Ethereum, that I hold since 2019-2021, I am in loss with my altcoins. I would happy to sell them and close deals with 0. I wish I would have stayed with Bitcoin and havent diversified my portfolio.
We are only a few months now from the euphoric stage of the bull run beginning.
You have held this long just wait a few more months and then your altcoins will be be back to where you bought them plus a lot more.
I bought most of mine during the bear market lows in 2022/23 and i haven't bought much last few months i have just been holding. It tests my patience at times just waiting but then I remember what is coming in the next 6 months or so.
I like your positive mood, but I dont expect altcoin market to rise in few months or in next 6 months as you say. I have already come to terms with the fact that my altcoins will stay with me for a very long time. Reason for that is they are popular old altcoins, while we observe gains of new altcoins. Seems that nobody is interested in old altcoins, like nobody is interested in old technologies and ideas. I have little hope to see XRP price higher than $1, Cardano would ever cost more than $1.5 and Matic to cost $1.5+.
I agree with the words about XRP, but the alts as a whole rising - that's what I believe to happen in the near future. We shall see how it will go.
My portfolio is still full of old and used to be popular altcoins (doge, XRP, Cardano, Matic), whos price is still havent reached the price I have bought them. Except Ethereum, that I hold since 2019-2021, I am in loss with my altcoins. I would happy to sell them and close deals with 0. I wish I would have stayed with Bitcoin and havent diversified my portfolio.
We are only a few months now from the euphoric stage of the bull run beginning.
You have held this long just wait a few more months and then your altcoins will be be back to where you bought them plus a lot more.
I bought most of mine during the bear market lows in 2022/23 and i haven't bought much last few months i have just been holding. It tests my patience at times just waiting but then I remember what is coming in the next 6 months or so.
I like your positive mood, but I dont expect altcoin market to rise in few months or in next 6 months as you say. I have already come to terms with the fact that my altcoins will stay with me for a very long time. Reason for that is they are popular old altcoins, while we observe gains of new altcoins. Seems that nobody is interested in old altcoins, like nobody is interested in old technologies and ideas. I have little hope to see XRP price higher than $1, Cardano would ever cost more than $1.5 and Matic to cost $1.5+.
I #HODL Kaspa!! in btc tho! XD
Now I will try to mine Alephium since they added it to oneminers
Now I will try to mine Alephium since they added it to oneminers
Didn't hear about Alephium, what the idea behind it?
I #HODL Kaspa!! in btc tho! XD
Now I will try to mine Alephium since they added it to oneminers
Now I will try to mine Alephium since they added it to oneminers
That is just pure trading and you run the risk if u sell at 100% and it ends up going further meaning you could have got 500% or more.
This pump and dump scamcoins are feasting on greed, you will lose this game going this way.
By selling at 100% or any profit - let it be 1% - you are not risking anything and you can bet with the money you have made continuing this safe route instead of risking losing it.
Not all altcoins are pump and dump , look at the like of Polygon and Cardano last bull run they did over 100x and still around today.
You do not make life changing gains taking 10 or 20% at a time.
I will have some altcoins that won’t do too well but I will have one or two that will do really well and that is all you need to see great returns.
If they don't offer any utility in real world, I call them pump and dump scamcoins no matter the price as it's just a bubble without any real world usage.
That's why my safe bet is on Monero as it has utility and even I am using it on daily basis to buy stuff and online services.
Ask yourself, when did you last time used Cardano or Polygon to actually buy stuff ? if you didn't and only read that it has adoption then it's a worthless scam.
This is my approach to investing, safe and secure.
As for life-changing gains... if you keep investing like that you will most definitively have a life changing experience but not in the way you would like.
As I've seen, Monero does have lots of businesses that use it as a payment method, however, why the coins that just lay around and wait their time to shine are "worthless scam"? You can anyway change them and Monero too to some stablecoins, which also can be used as a payment for something.
My portfolio is still full of old and used to be popular altcoins (doge, XRP, Cardano, Matic), whos price is still havent reached the price I have bought them. Except Ethereum, that I hold since 2019-2021, I am in loss with my altcoins. I would happy to sell them and close deals with 0. I wish I would have stayed with Bitcoin and havent diversified my portfolio.
We are only a few months now from the euphoric stage of the bull run beginning.
You have held this long just wait a few more months and then your altcoins will be be back to where you bought them plus a lot more.
I bought most of mine during the bear market lows in 2022/23 and i haven't bought much last few months i have just been holding. It tests my patience at times just waiting but then I remember what is coming in the next 6 months or so.
My portfolio is still full of old and used to be popular altcoins (doge, XRP, Cardano, Matic), whos price is still havent reached the price I have bought them. Except Ethereum, that I hold since 2019-2021, I am in loss with my altcoins. I would happy to sell them and close deals with 0. I wish I would have stayed with Bitcoin and havent diversified my portfolio.
You know that altcoins are good when, for example, there is potential for the one you chose to hold until a bull run, just like the situation we have now that, a few months from now, it is possible that the price of Bitcoin will rally.
And when that happens, that's our chance to wait for a little while, and once we see that the profit we're going to make is big, we can exchange it for our money, and that's what I'd call a successful holding of altcoins. and when it's a bear market, it's time to accumulate.
The profit and loss depend on your choice of which altcoin you have invested in. Many altcoins in the market don't pump even when Bitcoin goes up and such coins might not provide you the expected profit margin. There have also been times in the market when people bought quite a lot and later got nothing but losses, such as LUNA and LUNA Classic. A lot of people lost a lot of money in this project.And when that happens, that's our chance to wait for a little while, and once we see that the profit we're going to make is big, we can exchange it for our money, and that's what I'd call a successful holding of altcoins. and when it's a bear market, it's time to accumulate.
If you have selected good and healthy coins and bought them when the market was down and you have kept them safe and waiting for the time when the market will go higher, you will surely profit from such investments.
When a trade is done with knowledge and analysis, it gives you profit and when you wait and hold, you get more profit. I have also profited from altcoins many times and I have quite a few altcoins which have always been favourites. I trade on the ones I know well. The rest of altcoins I don't trade much because I don't know that much about them and I don't trust them that much.
Terra Luna was a rare occasion when one of the top altcoins got burned.
I have sympathy with those who lost money but not much, I hear many saying it ruined their lives. They should never have had so much money in an altcoin as it was not safe like Bitcoin is.
I have around 20 altcoins and all of them are still alive and well, my worst performer is 60% down but i have some that have given me over 10x return and one that done over 30x return. The key with altcoins is being spread, you should never have the majority of your money in one altcoin just incase something bad does happen to it.
Agreed. It should be the sum which is okay to spend yet it would be nice to have a 3-4x on it or as you said, even a 30x! Diversification of both the efforts and the money is key.
You know that altcoins are good when, for example, there is potential for the one you chose to hold until a bull run, just like the situation we have now that, a few months from now, it is possible that the price of Bitcoin will rally.
And when that happens, that's our chance to wait for a little while, and once we see that the profit we're going to make is big, we can exchange it for our money, and that's what I'd call a successful holding of altcoins. and when it's a bear market, it's time to accumulate.
The profit and loss depend on your choice of which altcoin you have invested in. Many altcoins in the market don't pump even when Bitcoin goes up and such coins might not provide you the expected profit margin. There have also been times in the market when people bought quite a lot and later got nothing but losses, such as LUNA and LUNA Classic. A lot of people lost a lot of money in this project.And when that happens, that's our chance to wait for a little while, and once we see that the profit we're going to make is big, we can exchange it for our money, and that's what I'd call a successful holding of altcoins. and when it's a bear market, it's time to accumulate.
If you have selected good and healthy coins and bought them when the market was down and you have kept them safe and waiting for the time when the market will go higher, you will surely profit from such investments.
When a trade is done with knowledge and analysis, it gives you profit and when you wait and hold, you get more profit. I have also profited from altcoins many times and I have quite a few altcoins which have always been favourites. I trade on the ones I know well. The rest of altcoins I don't trade much because I don't know that much about them and I don't trust them that much.
Terra Luna was a rare occasion when one of the top altcoins got burned.
I have sympathy with those who lost money but not much, I hear many saying it ruined their lives. They should never have had so much money in an altcoin as it was not safe like Bitcoin is.
I have around 20 altcoins and all of them are still alive and well, my worst performer is 60% down but i have some that have given me over 10x return and one that done over 30x return. The key with altcoins is being spread, you should never have the majority of your money in one altcoin just incase something bad does happen to it.
You know that altcoins are good when, for example, there is potential for the one you chose to hold until a bull run, just like the situation we have now that, a few months from now, it is possible that the price of Bitcoin will rally.
And when that happens, that's our chance to wait for a little while, and once we see that the profit we're going to make is big, we can exchange it for our money, and that's what I'd call a successful holding of altcoins. and when it's a bear market, it's time to accumulate.
The profit and loss depend on your choice of which altcoin you have invested in. Many altcoins in the market don't pump even when Bitcoin goes up and such coins might not provide you the expected profit margin. There have also been times in the market when people bought quite a lot and later got nothing but losses, such as LUNA and LUNA Classic. A lot of people lost a lot of money in this project.And when that happens, that's our chance to wait for a little while, and once we see that the profit we're going to make is big, we can exchange it for our money, and that's what I'd call a successful holding of altcoins. and when it's a bear market, it's time to accumulate.
If you have selected good and healthy coins and bought them when the market was down and you have kept them safe and waiting for the time when the market will go higher, you will surely profit from such investments.
When a trade is done with knowledge and analysis, it gives you profit and when you wait and hold, you get more profit. I have also profited from altcoins many times and I have quite a few altcoins which have always been favourites. I trade on the ones I know well. The rest of altcoins I don't trade much because I don't know that much about them and I don't trust them that much.
I would be happy even with 4-5x, and that's my goal with any altcoin. There is too much risk waiting for it to go 10 times more than taking what you already can. That way, I won't be upset even it goes higher, and especially if it dumps down.
Have you been in altcoins long?
4-5x is great yes, but you will be surprised how quick they can go from 4-5x to 10x or more.
I use my example with Kaspa again, I bought at $0.02 and I sold all of mine by $0.10 so that was a 4x for me but it is currently $0.18 and many are saying it will reach $0.50 minimum over the next 6 months.
I got a 4x selling at $0.10 but would have got a 25x if I had held to $0.50 over the next 6 months. That is a massive difference in returns and one of my regrets selling too early.
You are right, but, then again, it could go from 4x either to 10x and >25x or into 0x or even a minus, thus, I am always going with a safe option. At least I try
There is a lot that can happen in 6 months with an altcoin, and I am not talking about shitcoins. This is where everyone has different risk levels. Some are happy with a 4-5x and I am not knocking that but I want 10x or more and I don't think that is being too greedy in this crypto world.
I have many altcoin investments, some may go to zero, some may only 2 or 3x but some will 10x or more and that is the fun part of it.
I am just waiting now really, I am mainly done buying so just waiting for the last quarter of this year when we are likely to see great returns again like we saw in the first 3 months of this year.
I am happy that you found the way that suits you with memecoins. Hope we will see them (the returns
) soon! 
This is where everyone has different risk levels. Some are happy with a 4-5x and I am not knocking that but I want 10x or more and I don't think that is being too greedy in this crypto world.
There are people out there who would be happy with not that high of a profit as long as it is safe. I get it because I would rather not get the highest possible profit if it meant risking losing all my profit so far.Quote
I have many altcoin investments, some may go to zero, some may only 2 or 3x but some will 10x or more and that is the fun part of it.
One coin is never the same as the other. As the investor you should learn how to manage each one and take advantage of them.Personally I'm good with a x3 with my altcoin holdings especially with newly introduced projects. But with major token holdings in my bag, of course I am expecting for more.
I would be happy even with 4-5x, and that's my goal with any altcoin. There is too much risk waiting for it to go 10 times more than taking what you already can. That way, I won't be upset even it goes higher, and especially if it dumps down.
Have you been in altcoins long? 4-5x is great yes, but you will be surprised how quick they can go from 4-5x to 10x or more.
I use my example with Kaspa again, I bought at $0.02 and I sold all of mine by $0.10 so that was a 4x for me but it is currently $0.18 and many are saying it will reach $0.50 minimum over the next 6 months.
I got a 4x selling at $0.10 but would have got a 25x if I had held to $0.50 over the next 6 months. That is a massive difference in returns and one of my regrets selling too early.
I sold it at $40 and $45. Last SOL I remember I sold at $55. When I sold all my SOL, the market went up and SOL crossed $100. I also regretted how much more profit I would have made if I had held, but I later explained to myself that this was the coins I bought three years ago and it fell too much. I had to wait three years to get it back, so I should be happy that I got as much profit as I was blessed with, and when the market goes down further, I should buy again.
You can never find the exact point of buying and selling either you will buy for a little higher price or you will sell for a little less profit so it happens to everyone not just you and it's not a problem because we didn't create crypto we don't know what the exit point is.
This is where everyone has different risk levels. Some are happy with a 4-5x and I am not knocking that but I want 10x or more and I don't think that is being too greedy in this crypto world.
There are people out there who would be happy with not that high of a profit as long as it is safe. I get it because I would rather not get the highest possible profit if it meant risking losing all my profit so far.Quote
I have many altcoin investments, some may go to zero, some may only 2 or 3x but some will 10x or more and that is the fun part of it.
One coin is never the same as the other. As the investor you should learn how to manage each one and take advantage of them. 
Be interesting to hear how we all plan to profit from the peak of this bull run over the next 6-12 months.
What return will you be happy with?
As long as I'm able to mark up, that's more than enough for me. I'd probably take cover some losses that I've missed on 2021's bull run for being an early seller. What return will you be happy with?
I feel a 10x overall would be great personally but i do have a few altcoins I plan to hold longer in the hope they can 50x or more.
10x is a satisfying feeling. This is possible for altcoins that you'd be lucky to hold. And having that thought that it might grow more to 50x, this is like the early 2017 and 2021 thought for many meme coins. I know that it's still possible to happen as there were folks even thought of having 1000x gain and more. I hope that you have a diamond hands and you'll be able to achieve that goal of hitting a 50x profit. This has happened to many but IMHO as time passes by, profiting to the market with that multiplier is going to get harder through the established projects. And this is the reason why many are optimistic in investing into the newer projects. Well, I don't and I like to go through the traditional investing of leaning towards the established ones. Jump to: