altcoins very perspective coins, i think alts more interesting than btc
many altcoins have interesting ideas and technologies, but now btc is a lead 
Topic: Potential of an altcoin (Read 936 times)
finding or determining which altcoins have the potential to go up is quite difficult, but not impossible to do, because many people have successfully done it, start by frequently monitoring the latest news about crypto, so you know which altcoins have good news, and you have to hurry so as not to miss
but regret will be there when a long correction occurs. why not sell everything when the price is good instead of holding some to finally see only a long correction.
I honestly don't like it that way. indeed most people still use it in investing in altcoins.
when I sell at a price that I think is profitable then I no longer need to keep the asset. I will wait for it to correct again. meanwhile, I will transfer my money to another asset. trading trends will inevitably shift to other assets. like the current market momentum. we can see how each altcoin takes turns gaining its momentum.
Actually its a good decision to exit if you already earned enough profits in your investment, and it's better also to wait for another opportunity to buy low rather than waiting for a long correction while your profits still involved...its very stressful to be honest and unpredictable , wherein you don't even know what will happen after that. Lest say even its possible to excess. but still not safe.. So it will become a good decision to play safe and too good to be true..
In making decision over an altcoin, you should mostly rely on your experience on it for the best possible outcomes. If you have earned much profit already and the altcoin you are currently investing on right now, exchanging the most of it wouldn't hurt you that much. Just remember to leave some of it on hold so that if ever the value of that specific altcoin suddenly goes up, you wouldn't have much regrets. Since you've been on that altcoin for a while now, it wouldn't be ideal to compare with others that appears similar to it, you can just focus on it and keep updated on the market movement so that you may know if it's the best time to exchange or to buy.
I honestly don't like it that way. indeed most people still use it in investing in altcoins.
when I sell at a price that I think is profitable then I no longer need to keep the asset. I will wait for it to correct again. meanwhile, I will transfer my money to another asset. trading trends will inevitably shift to other assets. like the current market momentum. we can see how each altcoin takes turns gaining its momentum.
Hi all, I would like to understand how to calculate the potential of an altcoin in order to understand when it is a good time to sell it.
In my specific case for example I bought INJ in December and now the profit is about 600% .
Should I compare INJ to an existing well established similar altcoin (if they exists) to understand its potential?
I know I should set in advance a price when starting to sell, but this could be 100%, 200% etc of profit but which to choose?
Thank you.
In making decision over an altcoin, you should mostly rely on your experience on it for the best possible outcomes. If you have earned much profit already and the altcoin you are currently investing on right now, exchanging the most of it wouldn't hurt you that much. Just remember to leave some of it on hold so that if ever the value of that specific altcoin suddenly goes up, you wouldn't have much regrets. Since you've been on that altcoin for a while now, it wouldn't be ideal to compare with others that appears similar to it, you can just focus on it and keep updated on the market movement so that you may know if it's the best time to exchange or to buy. In my specific case for example I bought INJ in December and now the profit is about 600% .
Should I compare INJ to an existing well established similar altcoin (if they exists) to understand its potential?
I know I should set in advance a price when starting to sell, but this could be 100%, 200% etc of profit but which to choose?
Thank you.
Many choices of coins now have the potential to grow, if you want to select which ones are good for investment objects, you have to remember a few things, first, don't trust advertisements, or research from other people before you make the research yourself so you understand and understand what you will choose, secondly, don't over invest, invest with an amount where when you lose the money it doesn't frustrate you because all the possibilities in investing can happen
Should I compare INJ to an existing well established similar altcoin (if they exists) to understand its potential?
It's not a bad thing to draw up comparison of the coin you're hodling with another that's similar to it in all ramifications. I do that too and it helps me to gauge where I think the coin I'm hodling should be headed. And if the one I'm hodling is on the lead to the one I'm comparing it with, I should become cautious and make small sales.In my specific case for example I bought INJ in December and now the profit is about 600% .
At that level of 600% of ROI, you should cut some profit and allow some quantity to roll. One investment tactics I have learnt (after my BNB experience) is never to sell off everything of any coin/token I'm hodling. Always leave some quantity behind. You never can tell how high price will get to later. Hi all, I would like to understand how to calculate the potential of an altcoin in order to understand when it is a good time to sell it.
In my specific case for example I bought INJ in December and now the profit is about 600% .
Should I compare INJ to an existing well established similar altcoin (if they exists) to understand its potential?
I know I should set in advance a price when starting to sell, but this could be 100%, 200% etc of profit but which to choose?
Thank you.
In my specific case for example I bought INJ in December and now the profit is about 600% .
Should I compare INJ to an existing well established similar altcoin (if they exists) to understand its potential?
I know I should set in advance a price when starting to sell, but this could be 100%, 200% etc of profit but which to choose?
Thank you.
i think you should go for sell. its a secured profit already and its time for you buy another altcoin to trade. do not wait until it went down and not profitable. comparing INJ to other altcoin is not a good idea, but if you take the risk and go for the higher profit its up to you its your own choice.
Hi all, I would like to understand how to calculate the potential of an altcoin in order to understand when it is a good time to sell it.
In my specific case for example I bought INJ in December and now the profit is about 600% .
Should I compare INJ to an existing well established similar altcoin (if they exists) to understand its potential?
I know I should set in advance a price when starting to sell, but this could be 100%, 200% etc of profit but which to choose?
Thank you.
In my specific case for example I bought INJ in December and now the profit is about 600% .
Should I compare INJ to an existing well established similar altcoin (if they exists) to understand its potential?
I know I should set in advance a price when starting to sell, but this could be 100%, 200% etc of profit but which to choose?
Thank you.
Don't compare your altcoins with other altcoins because they are not the same. Defining the potential aspects of an altcoin depends on your point of view. you need to know that altcoins that have the potential are always profitable and to determine the right time to sell it is all up to you, depending on how you decide to make a profit.
Comparisons cannot be used as a benchmark, because each coin has its own development, its own exchange and it is different for now. so I think it needs analysis to choose a coin not based on the benchmark of other tokens, because that is not good and not accurate
This is actually a very subjective matter as each project is really different from the others. So if you want to evaluate the project, you need to check all the important factors for each and every project. And that is a tedious job. So you need to stream down the number of projects that you want to evaluate with. If you are long enough in crypto, you will already spot some potential projects, and then, you can dig deeper about its capability. Because most of them are masked with good whitepapers, nice roadmap, professional team members. But when it comes to actual work, that's when they deviate from each other.
Comparisons cannot be used as a benchmark, because each coin has its own development, its own exchange and it is different for now. so I think it needs analysis to choose a coin not based on the benchmark of other tokens, because that is not good and not accurate
Hi all, I would like to understand how to calculate the potential of an altcoin in order to understand when it is a good time to sell it.
In my specific case for example I bought INJ in December and now the profit is about 600% .
Should I compare INJ to an existing well established similar altcoin (if they exists) to understand its potential?
I know I should set in advance a price when starting to sell, but this could be 100%, 200% etc of profit but which to choose?
Thank you.
In my specific case for example I bought INJ in December and now the profit is about 600% .
Should I compare INJ to an existing well established similar altcoin (if they exists) to understand its potential?
I know I should set in advance a price when starting to sell, but this could be 100%, 200% etc of profit but which to choose?
Thank you.
Don't compare your altcoins with other altcoins because they are not the same. Defining the potential aspects of an altcoin depends on your point of view. you need to know that altcoins that have the potential are always profitable and to determine the right time to sell it is all up to you, depending on how you decide to make a profit.
Sorry but you can't compare altcoins together because there are not from same projects some altcoins got good project with hard-working team members ensuring the growth of their token while some is the opposite. 600% profit is actually a good one to exit the market buy most times are greed don't let us take profits while in profit that's why a winning trade turns out most times to be a loosing trade, I think u should try this strategy of selling half of the altcoin you hold at 600% and leaving half to flow while you watch the market. As you maximize your profits try to control your greed also.
I don't think comparing with other altcoin will help, since each coin is really different, and have so many other factors affecting them.
And 600% profit for altcoin is really great already. I think you just need to set the target, like how much you expect the profit, and make it reasonable. Don't be too greedy and stay rational. Try to analyze and see the trend, if you see the probability it might go higher, then you could wait for a little bit more. But if the trend is going down soon, i think you can sell it asap since you earned a great profit already. But if it's great and have big potential to be a long term investment, you might need to consider that chance as well.
And 600% profit for altcoin is really great already. I think you just need to set the target, like how much you expect the profit, and make it reasonable. Don't be too greedy and stay rational. Try to analyze and see the trend, if you see the probability it might go higher, then you could wait for a little bit more. But if the trend is going down soon, i think you can sell it asap since you earned a great profit already. But if it's great and have big potential to be a long term investment, you might need to consider that chance as well.
for me your analysis must be realistic. maybe you don't compare too much with established coins, you are just doing an analysis of the increase in the coin chart. where the 30% increase benchmark is good for the coin because in my opinion the safest point is 30% and that you can make as a starting profit
You are already in huge profit. 600% profit is awesome. It totally depends on you how much you are expecting from the coin you invested. Everyone sets targets according to the potential of coins. I did not hear much about INJ but the price of INJ is really good. You don't need to compare with other well-established coins when you already made a huge profit. If you think it will rise more you can hold but my advice would be to sell at least equivalent to your principal amount so that your risk would be zero but If I were you I would sell 50% of holding till now.
Not all altcoins can increase more than 100%, OP said he already gain 600% from the price he bought so I think it is a good time to sell. Don't think that it will go up more because the more you think of it, you forget when to take profit. You will just realize that when you start to sell that you will only gain less than what it was before because your mind keeps telling you that it's just a small correction and it can still go up more. If you are still confident that it can go up then sell only a portion of it then find other potential altcoin to invest.
It is not right to compare one altcoin with other altcoins because the altcoins do not increase in price at the same time these tend to rise over time based on market demand it will depend on the person himself. The market confirms that altcoin will have the potential to increase in price and that investing in it will be profitable the potential of altcoin depends on the market.
You can't compare it, each altcoin has its own potential and uses, you have to focus on finding altcoins that haven't gone up, and studying the potential of these coins. If you don't find the potential after research, you can look for other coins, because each coin the price can go up above 200%. To be on the safe side, look for altcoins that have a top 100 ranking on coinmarketcap.
it seems you don't need to compare with Bitcoin which is similar to what you have, you better focus on the profit opportunities you can get, if you feel that you are already profitable enough, you can sell the altcoins you have, because if you compare too many altcoins you with other similar altcoins will only make you dizzy
That's one hard part for those altcoin holders that have seen their coin being held in profit. They'll wait furthermore because they'll think that there's more profit that's about to come.But within a flash and split seconds, they'll see the dump and will miss the opportunity of selling it.
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