Topic: Exiting altcoins at the correct time is the best thing you can do do with them. - page 3. (Read 593 times)

It is really a good thing you said. But the hardest part is to be able to predict the correct time to exit.    Because there is no obvious sign for it to warn investors. It is totally up to us, investors. We need some luck in this too.

Not really. All altcoins aren't shitcoins. You have to exit at the "correct time" when you know you are investing in a shitcoin. Those coins usually gets hyped at the beginning and then gets pumped when everyone starts to invest in it. Once the hype is over, most of the people starts to dump the coins and take their profit. This is when the people that exit at the right time makes profit, while those who exits at the wrong time, loses everything. Even if you are at loss, never hold your shitcoins. Highly likely it will never go up again. Better to make some loss and save some of your investments.

Altcoins build up, increase in price, and eventually, money flows out to stablecoins or Bitcoin. I realized that in the crypto market. Trends will soon end and altcoins will be gutted. There are only a handful of altcoins left that continue to grow and deliver huge profits. Such altcoins are few in the multitude of projects created.

I fear this greatly. Some will crash 90% and never return to its all time high. I've put most of my altcoin eggs in VET, ADA, KSM, and some in Doge. I'm just hoping VET one day gets recognized for the value it has not as a currency but a marvel of digital engineering that will revolutionize the logistics and tracking industry, instead of it being tethered to the bitcoin price. Uhg. VET is more like a stock than any other crypto currency. ADA hoping on some Africa deal thing and hoping Elon tweets at least one final thing about Doge that pumps it again.

I foolishly listened to 90% of these "expert" youtubers all... universally claiming the bear market was just getting started, and we would have this supposed fantasy "alt-coin season" where alts keep climbing when bitcoin is done or even declining.

I thought it was a bit high to enter the market, me being a noob I just trusted everyone. I wish I got in last year, I didn't know where to get no KYC crypto via credit card. Turns out, oh you can't. But I heard people doing it. No, it was outdated info... So I found another less easy more pricy way... Not a lot of info is out there on that. So I got in too late. I knew bitcoin was way too high for the short time it pumped so I was expecting a pullback any moment but it kept going up, then sideways, so I figured well maybe I'm just in time for this mythical "alt coin" season. Uhg.

Lord Bogdanoff personally hates me in particular for some reason.

Holding good altcoin  we put you ahead and secure your position! The fact that you are holding give you an awareness you may not have if you exit!  And been aware help you to buy at very cheap price even if there are lower lows as market correcting persist,  you will still be able to average down.  These are unique opportunity for outstanding gain when reversal of current situation happens.

When you find it hard to find an exit point because you have doubts of where the market might go, just take profit and wait. Altcoins are good to sell when there is a bullrun and the more you should sell when the bear market is here. You should see that an altcoin worth $50 per coin during the bull run could turn $2 during the bear market. Thats how low it will be.

Even the amount isn't half for your profit. As long as you're in profit with that altcoin and you don't have any confidence on it, sell.
But if you're going to regret selling it because it might pump, don't sell.
What I usually do, when I get a good profit from it. I don't think of it and I'll sell no matter what happens as long as it's a profit to me.

agree, it is hard to be disciplined when the market is going up, but you should have some strategy how to trade, before start trading
trend is your friend, greed is certainly not your friend, but it is easy to misunderstand that when you are emotionally in the market, always trade only what you can lose, and follow your strategy, if the exit price is reached, just exit the market

I understand that "sell high" is a big part of the trading world but you are basically ignoring all the investors as a whole and saying they are greedy. I mean we are just investors and we do not want to keep buying and selling constantly, I can't be bothered by that and I do not want to start learning how that can be done, all I care about is to buy bitcoins until I retire and then sell them all at once and retire that's it, I do not want anything else.

So selling high is not really a thing for many of us, selling them at the right time or wrong time is not an option for me, the only time I will sell any crypto will be the day I need something, for example I want a new PC and when I have enough money to spare for PC then I will sell some crypto, or I want to retire as a huge goal, when I retire I will sell them, but I do not plan on selling for just profit reasons, no trading for me, that doesn't make me greedy, that just makes me an investor.

Our greed gets the better of us most of the time, and it’s really hard to know whether it’s already the right call or not. If one is a well-disciplined trader, this shouldn’t be a problem as they will abide by their goals and standards and be done with it, no regrets or any more questions asked. Not everyone can achieve this level of proficiency and discipline, thus a lot of people still gets burned in the process of trying to earn more than what they can already take.

obviously not all altcoins will double or triple, some can even drop in value immediately that's why we have to use the right strategy to be able to earn always and in any case, set a limit value beyond which if it(altcoin) go down, sell immediately, i.e. stop loss on exchanges or exit in stable coin quickly to keep the profit made

That's right, limiting losses is a way that must be emphasized as a trader, even though it is often a defeat of ambitions that feel lacking and not enough for the profits they get. Trading always has a pattern of ups and downs, and we have to instill that from the start. Honestly, dealing with greed is so hard, even all the old merchants can't control it.
so we have to return to our intentions and patience with market situations that often pressure us to stop losses.

I have read your thoughts and can say, do you know where your problem is? You just picked a bad time to buy altcoins. I have a feeling that you don't want to miss the whole party and got in, even though it was too late. Just be patient and don't miss a good starting point

Yeah, when I get more money I'm gonna buy more bitcoin on this dip as much as I can. One day whenever my alts make double gains I'll convert half.

the nature of humans when they get profit and feel greedy, that's one of the factors traders always experience losses,
of course this must be avoided by traders, greed must be eliminated before bad things happen to you,
getting out of the market is also difficult if you don't understand the chart , of course you also have to learn to analyze first before trading

Exactly the part that got me pissed off, it unnecessary to enter an altcoin after 1000% gain except the project has a good and continuous development plan, it's annoying and unbenefitial to see investors longing for a long term plan in such coin. The best way of gaining profit in shitcoin is joining at early stage and enjoy the first time pump while puling out immediately.

I don't know how people think, a currency that rose at a crazy rate and there is no technological progress or a real motive to use it, yet you find many people who buy it for nothing but that its price has risen by 1000%.
Not all altcoins are losing now unless you bought them during that crazy period when many altcoins rose by 300%.
I bought some altcoins last November and some are still profitable (I'm talking about altcoins not shit)

Any way buy bitcoin is your long-term investing.

An atheist earns as much Bitcoin as possible. I like your point about increasing the number of Bitcoins over time because Bitcoin is always moving forward. Altcoins are highly volatile and they rise in price after Bitcoin.
Taking profits Altcoin is an art, we need to know how to be satisfied with profit even though it is small, avoids greed leading to loss. As long as you limit your investment losses, you won't lose.
To facilitate the maximum accumulation of Bitcoin, we need to first take profits from the stablecoin and wait for a strong bear market to start buying.

I like the words that. I hope you do not sell your altcoin, instead of buying more if you have money because the altcoin will be back to the high price someday. When the bitcoin price increase, that will the time for the altcoin to increase. But this time, we need to have more patients wait for the next bull that will come. So if you can trade your altcoin and profit in bitcoin, you should hold tight to your bitcoin and not sell before the price increases. We have more times to see bitcoin and altcoin increase so waiting for a while will be necessary.

Many people understand that a timely exit from altcoins before the correction will allow you to save your deposit. But only a few can boast that they sold their altcoins on high in time and are now waiting for the end of the correction in the market. The reason that we do not sell our altcoins in time is the desire to get more profit.