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Topic: At what point do you sell your altcoins? - page 4. (Read 1505 times)

sr. member
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August 03, 2024, 12:22:22 AM
#82

Yes it is risky, but what is someone going to do now just invest in Bitcoin and get a 2x for the rest of this bull run?

Hardly life changing is it. Its ok if you have big money but not if you are a normal person with normal working life and salary.

You can get 10-20x easy in altcoins in the next 6-12 months, some will do 50x if your lucky.

Yes some will go to zero but as long as you are diverse then you will not lose all your money and more likely make a good amount overall.
In fact, to invest in Bitcoin, you need to plan to hold it for the long term. If you plan to hold until the coming bullrun you can make 2x profit, but it is not guaranteed that you will get 2x profit, maybe less but investing in Bitcoin is very low risk.

Not that the price of bitcoin will not increase in the future, hopefully the price of bitcoin will be more than $1 million dollars in the future, but you need to hold for a long time. Now if you are an ordinary working person then you can invest in Bitcoin in DCA method according to your ability, which at some point in future the investment amount will be big and you can earn a lot of profit.

It's not guaranteed to get 10-20x profit from altcoins in 6-12 months, yes, if you're lucky you can get more profit because you have to take a lot of risk. However, I think it would be wrong to expect 50x profit.

Everyone's plan is unique, your plan will not match mine. I have invested in a few altcoins and will not hold the altcoins for long, will sell in the upcoming bullrun. I will sell when I see 2x profit.
sr. member
Activity: 1316
Merit: 379
Fully Regulated Crypto Casino
August 02, 2024, 09:42:51 PM
#81
If you are a normal person with a working life and salary, you should definitely go for the dca method. Like you said, bitcoin can be life changing if you already have a lot of money to invest in bitcoin since bitcoin is just too expensive.

But this should not discourage people from investing in bitcoin. I would rather slowly but constantly invest in bitcoin than dump a huge amount of money into an altcoin I have no guarantee of making profits.

That is to say that based on the current price of Bitcoin, investing on it is not only for the rich, someone that's not very wealthy can also invest in it, all the person just got to do is come up with methods of investment plan, and for some that falls under such category or a person who doesn't tolerate risk, the dca method is not a bad idea cause the salary earner could invest in bits over time regardless of price and still benefit hugely when a massive bull season comes. Well Bitcoin is by far the best asset for invest but their are still some Alts one could invest on in a short-term period and make profits, not all are pump and dumps moreover the growth of Eth has shown that it could be an asset for long-term investment plan and since the dca method is mostly best for long-term plans I think using the dca method for it is not a bad idea if an investor got spare money.
legendary
Activity: 3066
Merit: 1169
Leading Crypto Sports Betting & Casino Platform
August 02, 2024, 05:05:50 PM
#80
Something tells me that by the time XRP completely solves their issues with SEC, another project will already replace SWIFT or find a way to work parallel with it, offering the same services as XRP. That is why I will be happy to sell my XRP when sell price reaches my buy price. I have lost all the hopes to earn with that my XRP investment. I can go with trading and reselling/rebuying to minimize losses, but it will take a lot of time and nerves to do that.

Innovation doesn't wait, it pushes the boundaries. Those who forget it usually are lost in time, and others take their place.
And it's not like it's uncommon or that best tech would even win. We have history full of cases where inferior tech wins (like VHS vs Betamax), or stolen tech gets credited by someone with more influence and money behind them. And since it's probably open source tech that will replace SWIFT (if it even gets replaced), it wouldn't need some private company like ripple to deal with. Because governments don't want to give private companies too much power over their monetary system.

And i know that we are used to the way of coins being the incentive to secure the chain, but i am not sure if that's the only way. It's just the only way we know for now.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
August 02, 2024, 07:15:17 AM
#79

Yes it is risky, but what is someone going to do now just invest in Bitcoin and get a 2x for the rest of this bull run?

Hardly life changing is it. Its ok if you have big money but not if you are a normal person with normal working life and salary.
If you are a normal person with a working life and salary, you should definitely go for the dca method. Like you said, bitcoin can be life changing if you already have a lot of money to invest in bitcoin since bitcoin is just too expensive.

But this should not discourage people from investing in bitcoin. I would rather slowly but constantly invest in bitcoin than dump a huge amount of money into an altcoin I have no guarantee of making profits.


copper member
Activity: 266
Merit: 5
August 02, 2024, 04:47:41 AM
#78
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?

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.
Investing in altcoins is risky. I don't know which altcoins you invested in. You should not expect much profit, if you expect much profit then you may face losses. In my opinion if you see 4-5x profit from altcoins in the upcoming Bullrun, it will be wise to take profit. Everyone's plan is not the same, everyone has different plans. But don't expect extra profit.

Yes it is risky, but what is someone going to do now just invest in Bitcoin and get a 2x for the rest of this bull run?

Hardly life changing is it. Its ok if you have big money but not if you are a normal person with normal working life and salary.

You can get 10-20x easy in altcoins in the next 6-12 months, some will do 50x if your lucky.

Yes some will go to zero but as long as you are diverse then you will not lose all your money and more likely make a good amount overall.

Diversification is key, among others, I agree. Been there, and many threads talk about it or forget it, but this factor is still here. More good projects mean more good chances to get something out of them. You just need to put big bucks into all of them, or better yet - just put small sums in all of them and see how it goes, even if the profit wouldn't be - that - big, it would be great in the long run, in my opinion.
member
Activity: 854
Merit: 30
August 02, 2024, 04:40:12 AM
#77
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?

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.
Investing in altcoins is risky. I don't know which altcoins you invested in. You should not expect much profit, if you expect much profit then you may face losses. In my opinion if you see 4-5x profit from altcoins in the upcoming Bullrun, it will be wise to take profit. Everyone's plan is not the same, everyone has different plans. But don't expect extra profit.

Yes it is risky, but what is someone going to do now just invest in Bitcoin and get a 2x for the rest of this bull run?

Hardly life changing is it. Its ok if you have big money but not if you are a normal person with normal working life and salary.

You can get 10-20x easy in altcoins in the next 6-12 months, some will do 50x if your lucky.

Yes some will go to zero but as long as you are diverse then you will not lose all your money and more likely make a good amount overall.
copper member
Activity: 266
Merit: 5
August 02, 2024, 04:10:35 AM
#76
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.

50x is not that difficult if you get in early.

I got in Kaspa at $0.02 last year and sold it by $0.12 - i didn't have a big amount. The price is currently $0.20 but i think it will get close to $1 this bull run so that would have been a 50x had I just held. That was my first and only mistake when it comes to selling too early.

I am currently in an altcoin called Arcblock, got in last year at $0.13 and it hit all time high in May of $4.65 - that gave me a 35x.

It sounds like you are more the trader type which is fine, but I am the buy low, wait many months and sell high type. And in doing this, that is when you can see the big returns.

Then again, you usually don't know what will happen next, so selling and buying in portions is a good way to go, with money you are willing to spend. Especially if it's done like you, very early and trusting the project you are ready to invest your time and effort in (for months or years).
sr. member
Activity: 602
Merit: 369
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August 02, 2024, 04:08:34 AM
#75
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?

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.
Investing in altcoins is risky. I don't know which altcoins you invested in. You should not expect much profit, if you expect much profit then you may face losses. In my opinion if you see 4-5x profit from altcoins in the upcoming Bullrun, it will be wise to take profit. Everyone's plan is not the same, everyone has different plans. But don't expect extra profit.
member
Activity: 854
Merit: 30
August 02, 2024, 04:06:47 AM
#74
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.

50x is not that difficult if you get in early.

I got in Kaspa at $0.02 last year and sold it by $0.12 - i didn't have a big amount. The price is currently $0.20 but i think it will get close to $1 this bull run so that would have been a 50x had I just held. That was my first and only mistake when it comes to selling too early.

I am currently in an altcoin called Arcblock, got in last year at $0.13 and it hit all time high in May of $4.65 - that gave me a 35x.

It sounds like you are more the trader type which is fine, but I am the buy low, wait many months and sell high type. And in doing this, that is when you can see the big returns.
copper member
Activity: 266
Merit: 5
August 02, 2024, 03:55:21 AM
#73
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.

Something tells me that by the time XRP completely solves their issues with SEC, another project will already replace SWIFT or find a way to work parallel with it, offering the same services as XRP. That is why I will be happy to sell my XRP when sell price reaches my buy price. I have lost all the hopes to earn with that my XRP investment. I can go with trading and reselling/rebuying to minimize losses, but it will take a lot of time and nerves to do that.

Innovation doesn't wait, it pushes the boundaries. Those who forget it usually are lost in time, and others take their place.
legendary
Activity: 2520
Merit: 1218
August 02, 2024, 03:52:21 AM
#72
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.

Something tells me that by the time XRP completely solves their issues with SEC, another project will already replace SWIFT or find a way to work parallel with it, offering the same services as XRP. That is why I will be happy to sell my XRP when sell price reaches my buy price. I have lost all the hopes to earn with that my XRP investment. I can go with trading and reselling/rebuying to minimize losses, but it will take a lot of time and nerves to do that.
copper member
Activity: 266
Merit: 5
August 02, 2024, 12:29:37 AM
#71
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.

For me, 10x is even too much, 3-4x - great, 10 - is overkill, because you can easily spoil everything and lose your profit. But I trade in spot, so, the moves here should be slower, and they are safer.
copper member
Activity: 2268
Merit: 539
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August 02, 2024, 12:19:38 AM
#70
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.
legendary
Activity: 2086
Merit: 1058
August 01, 2024, 11:49:24 PM
#69
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.

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.
legendary
Activity: 3066
Merit: 1169
Leading Crypto Sports Betting & Casino Platform
August 01, 2024, 05:56:28 AM
#68
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.
legendary
Activity: 2520
Merit: 1218
August 01, 2024, 04:50:37 AM
#67
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?
hero member
Activity: 2520
Merit: 783
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.
copper member
Activity: 266
Merit: 5
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.
legendary
Activity: 2520
Merit: 1218
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+.
copper member
Activity: 266
Merit: 5
I #HODL Kaspa!! in btc tho! XD

Now I will try to mine Alephium since they added it to oneminers

Didn't hear about Alephium, what the idea behind it?
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