Topic: At what point do you sell your altcoins? - page 7. (Read 1505 times)

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.

i believe it would all depend on the performance of the coin, how many do i hold and for how much did i get it  so it’s difficult to put a specific number on it because of factors aforementioned

personally i would like to have the maximum profit a coin can offer you just have to make sure that you can sell at its peak right before it crashes

It depends on the coin. I'm holding everything in the long term and waiting for the big results. But I sold DOGE almost right after it became green in my portfolio since I wasn't planning to hold it anymore and don't believe in its future.

Yes the current prices are in a bull run but we are nowhere near the top of the bullrun yet, we still have many months to go until we see the top price for Bitcoin and altcoins.

10x is not too insane a target, I have been in altcoins a few years now and if you look at the last bull market many altcoins went well over a 10x in the last few months of the bull run and it will happen this bull run too.

Is the current price not a bullrun to you because your expectations might cause you a huge loss if you didn’t learn how to take profit properly.


This is an insane target profit considering that the current price of most altcoins is already near the peak or just 50% decrease. A x10 to x50 price increase means huge volume of fresh money needs to enter in crypto market which I don’t know where you will get it now that ETF is already weigh in the price.

Yes, the bear market is many months away and it could begin at the end of 2025 or at the beginning of 2026. But expect that most of these altcoins may not get to all-time high which they attain in 2 months or few months ago and this could be a trap for many people. Although, some may still increase significantly but people needs to be very careful.

So you are more of a trader then which is fair enough but I hold long term , many months.

10-50% is good if your trading but I’m looking for my altcoins to 5-10x over many months and once I see 5-10x return that is when i start to cash out.

The bear market is many months away maybe even a year away.

We still have the real euphoric stage of the bull run to come and I will be cashing out my profits in them months in either Q4 of this year or Q1 2025.

Be careful of altcoins. If bear market comes, it will not be easy at all because they are more volatile. You can be expecting 10x now but the altcoins has done that since 2023 and the beginning of this year to two months back. They may not increase like before but just only few might still increase up to 10 times. If the bear market comes, their fall would be 10 time or more if their present prices.