Topic: Potential of an altcoin - page 2. (Read 936 times)
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
They estimate where the market cap may be in the next few months. Take the market cap, divide it by the number of coins in circulation, and you have the new coin price.
Look at what it is their creating. If it's rather niche don't expect it to hit BTC market cap. That doesn't mean you cant make considerable gains though
Look at what it is their creating. If it's rather niche don't expect it to hit BTC market cap. That doesn't mean you cant make considerable gains though
Altcoins are more suitable for trading, investments are profitable, but only in the case of a non-long-term perspective. Altcoins are usually backed by some kind of business and functional value, which leads to their natural growth.
All price changes are directly related to the position of the business behind it. Therefore, how to choose the right potential coin that will bring the desired money is necessary with the calculation of assessing the prospects for the development of the project. If you chase a small price, then you can really get in not good situation.
All price changes are directly related to the position of the business behind it. Therefore, how to choose the right potential coin that will bring the desired money is necessary with the calculation of assessing the prospects for the development of the project. If you chase a small price, then you can really get in not good situation.
Every currency in the crypto market develops over time so when a currency rises will depend on the market conditions. Currencies are not dependent on the market rise upwards on the basis of demand the higher the demand for that currency the higher the price all other altcoins develop on a supply basis, so it is difficult to predict their potential but now the demand for crypto is increasing due to which investing in altcoin is becoming very profitable. Cryptocurrencies cannot be compared to other currencies it is not stable currencies are profitable for price rise and fall.
Comparing all altcoins into one doesn't seem to be fair because there are different coins from the start every coin yes they had potential to increase itself depends on the supply and the demand people are now looking for there investment to be grow if they can easily think that investment into coins gives them a huge profit then you can easily compare it as you can see into the market graph from exchange website coins can be volatile or stable like i said it always "depends" if you wanna make a good profit set a goal.
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.
What else do you want to compare? you already said you made about 600% since you have invested in that crypto and this is definitely the time you take profit with out question and if you look at it, this kind of mentality is why people miss out in taking good profit as they continue to wait for more high profit and wake up one day and the price is 50% again of total investment
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each altcoin has its own potential, graphics and market cap. but if you want to compare about the profit that can be obtained, I think you can see etherum. from $ 100 and now $ 1800, an incredible increase. That is, if it is calculated from the percentage increase, if it is calculated from the initial price and the increase and the current price, it is difficult to compare the same with your coin. because the start price must have been different and also the graph of the increase.
Comparing it to another coin that is similar wouldn’t do no good. Take for example ; we all know that Ethereum was created for smart contracts and there are so many other altcoins out there that were also created for the same purpose and they were even created to be better than ETH in so many areas, but still ETH continues to grow while most of these coins are just falling everyday, ETH doesn’t determine where they are heading to, ETH can be increasing and they are all decreasing.
So, you can’t use a similar coin to compare, because one can be better or have a stronger community than the others. And since you have gotten another profit, maybe it’s best you sell some part of the money.
So, you can’t use a similar coin to compare, because one can be better or have a stronger community than the others. And since you have gotten another profit, maybe it’s best you sell some part of the money.
You do not have to equate your altcoins with other altcoins how much they gain if you know you have the potential to hold altcoins you have to wait for the price to rise even more but in your case your profit will be large if you buy altcoins gain 600% for me you can now sell it and buy some other altcoins with potential and longterm so that your profit will increase even more by buying other altcoins with potential.
but if you buy the top altcoin of your choice at the current price then you should really be prepared for the next market situation. we will never know the movement of a coin price or market conditions can last long or not. But talking about the potential there is no doubt for the top coins in the market and if you have bought then have to be patient, don't panic, don't be greedy and always monitor the movements of your portfolio.
what is that inj coin is than enjin coin ? enjin is an old project and its not bad to compare it to other established coins but if this coin is not enjin coin and its only a new altcoin i would be shy to compare it with established coins in the market today but i will be happy if i hold it till it reach 600 percent profit but i will sell after that because thats already too much and you dont know whats next to happen but it may collapse and leave you crying if you will be greedy .
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.
There is no definite calculation or target to take a profit, if you have made a profit of 600% it is already very large and you can sell it, but if you are still sure the token will continue to rise you can continue to hold it until you get thousands of percent profit. Most important is profit regardless of nominal, is better than loss. 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.
Potential of an altcoin is always unpredictable. Some of those coins can change your life either into good way or badway. There are coins that have a full potential to pump in a huge amount of percentage and even double up the existing market price and that is when you can change your life in a positive way but there are coins also that is possible to have some market loss in a great amount of percentage.
Comparing an altcoin against another in the name of trying to projected put its value is fans recipe for disaster because in altcoins are independent of eachother and you should analyze them individually.
You need to know if the projects in a serious if the team I'll get so far, what you do future plans, what is the price liquidity on exchanges. By performing this research you'll know which coin to sell or keep
You need to know if the projects in a serious if the team I'll get so far, what you do future plans, what is the price liquidity on exchanges. By performing this research you'll know which coin to sell or keep
Honestly it's almost impossible to guess the up[side potential of a promising project let alone some worthless meme coins. The best scope of action would be to sell some take out your investment and sell them later at periodic intervals.
I would sat that there are some few methods of doing TA to see if the price should be higher or lower, that's what people use to decide what the price of something should be worth, but we all know that most of the time that is wrong and many people end up losing money because of it. However I do think that if you believe in the coin you are holding, you are going to make a good amount of return from it for sure, it may not be huge right away, but it could be very decent at the end of the day, and I believe as long as you can wait long long long time for something, eventually it will become a good coin as long as it is actually a decent project.I am not talking about shady or scammy coins, there are tons of them as well, I am talking about projects that promises a good future, if you find one and think that it will not be zero, that will probably go up decently in the long term.
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.
If you are trading a coin, you know when to get in and out but this can be difficult when investing in a coin, there are two ways I go about it, if the price has done 2X, I will start scaling out, take part of it and invest into another project or I will look at the project that they are in thesame market like Sushi and Uniswap look at the performance of the other, if the price is doing well then fine, I will wait until the price touch half of the other market cap to start scaling out
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.
Now all altcoins have huge potential because the market is growing and they are catching up with bitcoin. I would not even call it an alt season. But if the market goes down, then altcoins will start to fall much faster than they grew. So be careful, don't invest only in altcoins!
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.
Honestly it's almost impossible to guess the up[side potential of a promising project let alone some worthless meme coins. The best scope of action would be to sell some take out your investment and sell them later at periodic intervals.
If manageable to sell your capital investment and periodically sell those assets from time to time.
This will allow you to take profits from the asset that you choose, it's hard cause even in the bull market chances of any coin to pump
is still depends from the developers and to those people behind, adding to that are the whales who also playing and keep on tracking which moving coin/s are best to invest and catch some decent profits.
600% profit is already huge. You should put some profit limit whenever you buy a coin. Set target profit so you won't regret that you dont sell that off when market unexpected bear comes. You can't even compare that INJ to the other altcoins in the market. As long as it has a good trading volume, still has a progress and update, then you dont have to worry that much.
"A wise trader knows how to run their profits"
You shouldn't be that greedy when it comes to your profit. Other altcoins do not gives that much profit.
"A wise trader knows how to run their profits"
You shouldn't be that greedy when it comes to your profit. Other altcoins do not gives that much profit.
I agree that after raise of the market there is a fall of the market. And it is important to fix the profit.
Also a lot of depends how useful project is for people, how many people use the token.
There are ecological projects. https://moss.earth/blog/ - here is written how it is important to protect the nature.
I think that such projects will be always useful for people because it is very important to protect the nature.
I checked the volumes of MCO2 tokens here https://etherscan.io/token/0xfC98e825A2264D890F9a1e68ed50E1526abCcacD
They are increasing. Some people buy a really big volumes of MCO2. It means that people understands how it is important to protect nature.
I vote for SYL from XSL labs for new project of altcoin, because next big thing is we need to protect our Data and DeFi need to do KYC without any third parties knows and stores our data in one place. Second new project i have been invest to is Sovryn. Tokenomic is so good with only below 10million for the first year of its launch.
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.
You can't compare to make gains out of other crypto projects, every coins have their own standard and their utilities, what is potential? Coins don't just grow them, it's all about the team hardwork that brings good worth and value to coins and token and to attract high adoption rate the coin must be very useful 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.
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