Topic: At what point do you sell your altcoins? - page 6. (Read 1505 times)

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.

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.