Topic: At what point do you sell your altcoins? - page 4. (Read 801 times)

I've already set my price selling targets to the coins that I'm holding.

Since most of the coins are in the top 50, I don't consider a significant increase towards them during the bull run. At most, it will be x10, but I doubt that it will happen. I'm not focusing on the multiplier, but I set my price selling targets based on a bit of technical analysis that I've learned while watching some YouTube videos. Altcoins that are outside of top 100 will have a higher upside than those that are the top as it has a lower market cap, but it's riskier. Higher multiplier = the lower the chance of it to happen so at least be realistic on your price selling targets especially in altcoins.

On average, I think around x3 is my first selling target followed by x4 or x5 or at least around those multipliers.

Even 2x return is already huge for me with altcoin investment, as far as I know only underrated gems that no one noticed but has really good fundamental could make it 10x within one bullrun season and usually we should already accumulate from when bearish occurs.

so i'm myself investing in BNB, ETH, and SOL will at best just gonna get 1.5x since i'm pretty late to the bullrun, the recent dips really giving me boost to my portfolio decreasing the average costs for my DCA though.
pretty sure moving forward if BTC could hits $70k then it's gonna be big alt season that could double my portfolio worth, but we'll see.

You are quite understood and as far as I am concerned, we are still saying the same thing only that you added some points that weren't added in the OP. What I referred to was for investors not to have too many expectations in this current bull run and of course, it captures the current market standing and price and not when the market was super cheap (at bottoms) like when it started buying in late 2022. Anyone who bought at that level has a huge advantage over those who are just buying now.

For this, it will be dangerous for some people to continue to buy altcoins close to their 2-last 2-year peak. It will blow back on their faces as many of them (altcoins) may never reach their last 2-year ATH again, while some that will try to achieve that will even struggle to pass that level noticeably. This is because the liquidity can't go round all of them to have warranted that huge buy that people expect this season.

This really needs to be done to make a profit, especially in the world of crypto trading, we have to be more careful when making decisions in transactions, this is very necessary, so in investment decisions you can use the DCA strategy, of course this strategy helps in being disciplined in buying investment assets in this way, it is hoped that it can reduce the impact. losses will be incurred, but not in the way I want in order to achieve altcoin market capitalization which is always moving and that shows market stability.

I didn't invest in any altcoin this season, but from experience, while investing in any token, one best thing you should do is to have a price target at which you will want to sell off and take profit. There are so many tokens that some people have invested in that might not be able to give a 10x profit, and if the investor doesn't sell at the best price that they can get while the bull market is still on, they might have to wait till the next bull market, but that's if the token survives through till then. 

Tokens are all "premined", I wouldn't put a broken dime into them.

Project must be running on it's own chain, not be premined and not have dev-tax otherwise it's worth as much as a used condom.

You can try to outrun this scammers on their own game, many have tried and many have fallen.

At the time of the ATH or would you rather sell when you are down -90%? Just so you know most alts will pump at the initial or some days after the listing, your best moves will be to sell while the price is high then decide whether to buy back in at a much lower price.
Most project nowadays usually distribute their token through airdrop and most of these projects usually get dump at the initial stage, most of the whales will instantly dump their allocation and dip the price.
Imo, better to sell when the price is at a good price, you don't want VCs to dump their bags on you.

I agree, being greedy over alts could mean a lot of loss as well, not a smart move, and I would advice against it. I believe that we are not going to get anything out of this, it is going to of course be something special, but that doesn't mean that we are going to get a deal about it simply, it is not going to be that easy. We should be considering how that could work some other way, it is going to cause a lot of trouble, and because of that I have no idea how much is enough to get out, but the moment you are fearing, getting out to bitcoin isn't a bad idea.

Normally, I understand that selling out of fear isn't a smart move, and many people regret their decision when they do that, but this time we are talking about getting out to bitcoin and not to fiat. Which means that if you fear an altcoin going south, then selling and getting bitcoin instead of that is not a bad idea, I would say that it would be something that we could benefit from and do very well.

Yes there are plenty of altcoins that will do it but all most of them are premined so the owners have full control over the price and you won't have any chance to escape if you keep your attitude.
While the greed will be eating you and your brain will be full of dopamine from this great feeling of becoming rich, this scammers will dump it all.

You might say Polygon and Cardano are worthless scam but my point is they done over 100x.

There are so many altcoins that will do 20x or more between now and this time next year and I just feel as long as I find 2 or 3 of them then I will be fine.

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. 

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.

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.

check this out:

https://www.youtube.com/watch?v=-t5e0rFhuYc

Don't be one of them.

It is good to take 100% profit in a bear market but in the peak of a bull run if you take 100% profit you run the risk of cashing out too soon as it will likely go much higher in bull run euphoria stage.

I use Monero and I don't need to sell it (trade to FIAT in order to buy stuff I want)  because so many places accept it as payment today.

This is right. It really depends on the market flow of the altcoin and where it will go.

Also IMO, If I gain more than 100% profit after buying the altcoin then that would be the time to sell it and wait for the right time to buy back if it goes down.

This depends purely on the altcoin. Small/ microcaps i am starting to sell around 50x and holding some to 1000x or bust.

With high and midcaps i create different plans based on my TA and FA. I am also comparing them to other altcoins, but not in a way i want them to achieve the same marketcap. When it's a competition against something else, that already has a big marketcap, i'll wait at least until it has at least 1/5th of the marketcap to the one i am comparing it with. Then i either sell all or slowly start exiting. Usually i leave a moonbag if i don't have a need of cash.

EarnOnVictor,

When Bitcoin reached its all time high in March earlier this year, one of my altcoins reached 42x return so a 50x return in the peak of this bull run over the next 6-12 months is definitely possible.

You do not have to wait years from now for 50x return if you were buying in the low part of the bear market like I was that’s why I’m hoping I bought at least a few low enough last year to give me that 50x return by this time next year.  

I use Kaspa as example. I bought a small bag at $0.02 and it is currently $0.18 so that’s a 9x already and many are saying it will get close to $1 which is only a 5x from current price but would be a 50x for me as I got in early a year ago.

This is now a common question in the crypto space, simply because it is a thing to invest profitably but another thing to exit without regrets. My advice is that altcoins may not behave the way we used to know them anymore, so we should be more careful this time. Many may not move past their recent ATH again, while many will only be moving sideways until the bearish season meets them again.

As it is, every investor should buckle up, we should be contented with some gains and not be greedy, and better still, random our gains. By randomizing our gains, I mean, for instance, you purchased 10 coins, with some, you might be content with just 3x profits, then you liquidate them. In others, you might wait for 5x profits (which I believe will be almost impossible again for many coins/tokens), and some 7x, 10x and so on as your risk affinity could take you.

However, it would be a self-deceit to believe that you will wait by holding altcoins for years simply because you want 50x profits from it. My brother, you might wait forever in almost all of them, and surely, even with the best-performing ones, if they can't attain it in a certain bull run season, they might erase all your profits back and will still not attain it in the next crypto bullish cycle. This is because more projects are being created and dumped into the crypto market while the available liquidity can no longer cover them as we thought to warrant such huge bullish movements.

The next 12 months considering many bitcoin predictions will be bullish and maybe altcoins will follow in its footsteps so it is called altcoin season, it still makes sense but I am not brave enough to store long with the altcoin plan always be careful, because you don't want to get stuck in the same hole.

You have a high profit target of 10x 50x it doesn't matter you may have observed more with altcoin, remember don't store too long with the hope of 50x when it enters the bear market the decline will be more plummeting you can't even recover the money from altcoin.