Topic: At what point do you sell your altcoins? - page 3. (Read 799 times)

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.

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.

It is very possible that you can even get more than 10x, as long as you hold onto your Bitcoin investment for a very long period. Let’s imagine those people who had the opportunity to invest in Bitcoin early, when Bitcoin was still at $100. How many times do you think those who have not yet sold their Bitcoin by now have profited? So, it is very possible to make a lot of money from Bitcoin investment. However, the truth is that you need to be ready to hold Bitcoin for a long period. Making profits in Bitcoin depends on how long you can hold it.


I don't think anybody will deny the fact that altcoins cannot give more than 100x profit within a few months or weeks. However, the truth about altcoins is that they are almost always pump-and-dump tokens. So, altcoin investing is all about gambling. If someone is not lucky enough, they will lose everything they invested. Most of these meme coin projects nowadays in the crypto industry are for scamming people. That is why you need to be eager to make more in the crypto industry by investing all your funds in altcoins. The risk of altcoins is too high. It is not something you can predict like Bitcoin, where you can expect a bull run after halving.


Instead of investing all your money in altcoins, it will be better to invest a small portion of your crypto budget in altcoins and the rest in Bitcoin. The altcoin that you think may fetch you more profit might end up yielding no profit by December as you think. Don't try to be too clever and end up with nothing later.

I have taken profits on my altcoins that did a 42x and 10x. I now have a free bag of these investments and going to hold them for another 6 months at least when they will give me biggest returns in the peak of the bull run.

Depending on how long I leave bitcoin and since I have been holding it, it will determine the amount of X it’s going to do for me. Some people are targeting only the bull run, but even after the bull run is over, bitcoin will still continue to grow, so I don’t really have the intention to sell all my bitcoin in the next bull run, I am planning to hold some for future purposes.

Yeah, altcoins can give you such a mad pump within a short period of time, but I hope you know that the coin that has 42X for you can crash at any moment and you will be left with nothing left. That’s just why altcoin investment is just kind of risky compared to bitcoin investment. If you haven’t sold your altcoin yet, don’t believe the money is yours yet.

Maybe you are just kind of greedy because you said you have to make 42x, 10x, and 3x in some of your investments. Are you not supposed to take your profits from those investments? Some might even crash even before the bull run starts.

In my opinion, knowing when to sell your altcoins is basically a personal decision. It also has a lot to do with the type of coin you are dealing with as well as the age of the coin. Meme coins , for example, have the potential to rise in value (due to hype) within a couple of hours after launch, and can also fall in value moments later. Due to fear of losing, some investors may consider it as an opportunity to sell and make big profit, and if a large number of people are selling, the value of the coin falls just within few hours of rising in value.

On the other hand, investors in old altcoins (meme coins excluded), will not be in a hurry to sell, they will wait for a longer time to make some level of profit before they sell. In my opinion, the type of coin as well as personal decision are key factors that determine at what point you will sell your altcoins in a market place.

You are in Bitcoin of course you are not going to get 5-10x return, u will be lucky to get 2x from current price.

This is why I am in altcoins, I have one that has done 42x, a few that have done 10x and many that have done 3x already and we still have the real euphoria stage of the bull run to come over the next 12 months.

I plan to take my altcoin profits this bull run over the next 12 months and then buy bitcoin with those profits in the next bear market

We should be expecting a bull run during that period, but nobody knows when it’s really going to start. Let’s just keep on accumulating coins, and if you don’t have much money to accumulate, then keep on holding the ones that we are having. A bull run will come at any moment, but nobody knows when it’s going to start.

Which altcoins did you put your money in, that makes you to expecting that amount of money during the bull run? Maybe you should just share with us and see if that amount of profit will be achievable in the next bull run. Most of my investment is in bitcoin, and I don’t expect anything close to the profits that you are expecting in the next bull run. I know altcoins are always giving massive profits, but we should also know that the risk is also high.
 
I don’t expect 10x in any of the coins in which I invested my money, so I am just surprised that you are expecting 50x in some of your altcoin investments.

In my case I am only invested in bitcoin, but I hope to at least sell when I make a profit above 3x. I'm not convinced that in the next 4 years the price of bitcoin will reach 10x but at least I hope that next year the price of bitcoin will rise at least 3x and I will sell a part and continue holding it to see if it will rise more. But if I notice that the price has risen 3x and is showing signs of a price drop, then I will sell everything. I don't buy altcoins because I don't trust altcoins to do hodl, but I confess that I've thought about putting a little money into some altcoins and looking at it as if I were dealing with gambling, something like: "I'm putting money into this altcoin, so I consider this money as lost "

I read Op's comment in which he said that he has already had profits above 10x with some altcoins, this is something good for him, there really are altcoins that give these profits, but it is not easy to find and when you put little money into many altcoins in the attempt If you are lucky enough to find one that gives 40x profit, it is still possible that the person will not find any altcoin that gives that 40x profit and the person will be left with losses.


In this altcoin market, people are smart enough to know that they are investing in projects that are meaningless like meme coins, that's why when people make 50x profits for example and the altcoin falls, they soon abandon the altcoin and go after another altcoin that can make them profit. In other words, it's all about profit and not out of love for the project, because everyone knows that the project is not good, there are few altcoins that have loyal followers, bitcoin doesn't need that kind of thing, bitcoin has loyal followers

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.

They "can", but how many does? You think that 4-5x is great, but you are forgetting that 90%+ of the market goes down, because you see the ones that go up. There are literally a dozen new tokens every day that you do not hear, all goes to zero, when you hear one that does 4x, remember that there were nearly a hundred, or maybe two hundred, that crashed to zero between the last 4x and next 4x.

So, while I know that if a token goes up 4-5x, it could be easy for it and could look like it was easy, and could be very quick, and then could reach 10x by the end. I also know that its a 1% or less chance for me to find one that will do that. It means that if I make 4-5x or so, I am getting out and that is a good enough goal for me, I do not need anything else at all.

I believe that we are going to end up with much better results, its going to be simple enough to just avoid further bloodshed if I want to just keep with my profit. Trying to make more and more, usually doesn't end up that great for me, and I never understood the logic of it neither, so instead of that I try to make sure that I am dealing with something that's much simpler, meaning that if I make a profit, I just get out in the end quickly.

There is not particular time we are expecting to sell our altcoins but the best time for us to sell without being greedy is when we are already in profits. Altcoins can move very fast and the same applies to falling, so we have to be prepared and know what we are doing so that we don't have to finally lose trying to hold when the market is not in our favour. Making money is what we should be after but we don't have to be greedy because this is one of the factors that can make us lose more in the market. I am always prepared to sell anytime when I think price price might fall anytime which could make my profit end up becoming loses.

I don't think time is a factor for profit but how the profit comes is the factor. I have participated in a public sale of a coin that lasted for two weeks and made 15x and I exit the project quickly because some profits are just one time and if you refuse to used the golden opportunity, that's all for you, no amount of days, weeks and months can make you get back that profits no matter how you hold the coins.

Some coins have proof to be time based like when in bull market that's when you see them go up but most importantly if you see that you have made some money already, there is no need in holding them forever, to even see 10x in this bull run is hard. The only coins that are given significant and huge profits are meme coins but we all know the twist of meme coins, you can make or break doing them.

Altcoins are very volatile, nobody really knows what the price of any coin/token will be in any quarter of the year, especially for the regular investors. Although some dev. teams and major bag holders of some projects can intentionally cash out and leave the project dead. Point is investors that are holding altcoins should understand that there is no guarantee of the prices of the token that they are holding to reach their estimated target price. I believe that the longer you hold altcoins the riskier your investment fund, price can skyrocket to 10x, 100x or dump 100x, 10x maybe become shitcoin. We are entering alt season and there is likelihood of price increases but didn't put your hopes on 100x increase especially for altcoins that have previously reached ATH.

That will depend on what altcoins you hold and, more importantly, at what price you buy them. Many altcoins have dropped more than 60%-70% in the last 2 months and if you buy them at the best discount then you can target the big profits they can bring you. But if you buy some altcoins with no potential, altcoins with high capitalization or buy at high prices, you cannot expect that they can bring you x10 or x50 profits.

In addition, don't forget that high profits come with high risks, so don't be too subjective that when the cow season comes, making huge profits by investing in Altcoin is easy. Not all altcoins can perform well during the bull season, and not all of them will survive until the bull season arrives.

Likely  

I have heard it 10 years ago too while Bitcoin had a much bigger crypto market share than today  
You will say the same thing in 2034 but reality is, Bitcoin will never reach 1 million evaluation due to better competition taking it's place.
https://www.reddit.com/r/Monero/comments/1e1b1r4/monero_crushes_bitcoin_on_shopinbit/

I base my opinions on facts and not hopium so you might disagree.

The price of Kaspa is currently $0.18 , you dont think it can reach $0.50 in the next 12 months during the real euphoria stage of the bull run? Course it can and likely will.

Bitcoin will reach $1m one day , but this will be around 10 years from now.

And they base their research on pure hopium  
There is not even one instance in the whole history of the world where following the herd made you rich.
People think Bitcoin will hit 1 million USD for years now and it's struggling to hit 100k even after recent halving.

Majority of people are not much smarter than their dog.

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 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.