Potential of an altcoin - page 3. | Bitcointalksearch.org

judaspriest

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Quote from: Farma on February 17, 2021, 02:22:43 AM

To see the potential of an altcoin, you need to learn something even to the point of being specific about the coins you will hold. Talking about potential, a lot of people think that as long as the project still has new development, or it's included in a popular altcoin, then it will be fine. that's not wrong, but try to find the latest breakthrough of the coins that you hold, because the price might go up even higher.
To be honest, I also felt like I was failing in seeing the potential, as I was also selling Ethereum for under $ 1000 at the end of last year. however, it made me realize that I was ill-informed, and less patient in this matter.

maybe you can but it will be difficult because most projects just follow or update their existing projects.
some who made new breakthroughs such as ETH, DOT, BNB. have shown their existence and have increased many times the initial price.
maybe another project will come up again.

The project project should also make a breakthrough because it will make it better in the future.
and indeed the three coins are progressing better and of course it cannot be separated from the team,
yes it seems so and we'll see if another project will appear or not

Francis Freeman

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Quote from: cryptomark2021 on February 07, 2021, 06:55:42 AM

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.

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.

Farma

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To see the potential of an altcoin, you need to learn something even to the point of being specific about the coins you will hold. Talking about potential, a lot of people think that as long as the project still has new development, or it's included in a popular altcoin, then it will be fine. that's not wrong, but try to find the latest breakthrough of the coins that you hold, because the price might go up even higher.
To be honest, I also felt like I was failing in seeing the potential, as I was also selling Ethereum for under $ 1000 at the end of last year. however, it made me realize that I was ill-informed, and less patient in this matter.

Silberman

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Quote from: cryptomark2021 on February 07, 2021, 06:55:42 AM

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.

Doing such thing does not seem as if it is the best idea at least to me, why you want to compare one coin to another when there are many instances in which a coin that is a direct clone of another does really well and the other coin does not move at all? You are asking basically for an exit strategy and I will recommend that you read a few books about it and select the exit strategy that you like the most, a trailing stop loss is very popular and at least to me it seems like the best way for you to keep holding your coins and still keep most of the profits that you already got in the case that coin crashes.

aioc

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Quote from: cryptomark2021 on February 07, 2021, 06:55:42 AM

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 are lucky to have found a project that already yields you 600% it's not rare but you need to do diligent research to find one, the most important is to take out your initial investment so you have no worry about losing and just follow the development of the coin, if you think the coin will continue to show strength in the market, you can retain your investment and add more, the most important thing here is to always get an update on the coin you've invested and going to invest.

Shasha80

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The best time to sell our altcoins is when the price of the altcoins has risen beyond the purchase price. Regarding what percentage of profit we have
to take, it all depends on each person. There are no rules that determine the profit we should make from investing in altcoins. So determine
the percentage of profit you want, because surely everyone has a different sell target.

Regarding INJ that you have bought and now have a profit of 600%, it should be sold immediately. Because if you are greedy for even greater
profits, can eliminate opportunities for profit. Because the INJ price could suddenly be dumped. And you don't need to compare INJ's profit with
other altcoins profit. Because every altcoins must have a different profit target, depending on the results of the analysis that we make.

Viscore

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Profit is what we aim for why we choose to have these potential altcoins but you can't find it measurable since the price is quite moving in a different direction. You'll be saying 600% profit gain, you'll get so lucky for that and it is only common to happen when it hypes but this is not it happens all the time.

That is why it is a need for us to choose the coins that we feel can have the potentials, we don't need to overly think about big returns but at least we get some that are very important.

Ridwan Fauzi

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First of all you have to choose tge pariode of time before you buy the coin/token. By doing this you will have a target price and you will set it for the first time your entry is being reached. After that, you will let your entry until the target is been reached.

You will not confused like this time if you specify which pariode of time that will you choose. But, you have another solution to resolve your confusion, you have to know the latest update about crypto currency. For this bull run season will end if there is something bad news come. Becausw if we look technically, many time especially bitcoin gave a sign that its price will fall but it is just based on the chart only.

shinratensei_

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You don't even need to compare it again when INJ already lead the competition. As far as i know, this project has been giving a very big return and that's why your position should on a safe place. I have been observing INJ and you can see the potential based on the development progress. The comparison is not needed when you are not getting a competitor that can replace INJ anytime.
As far as i can see that there's no still a potential competitor for INJ. Just see that based on the current progress. that's enough.

Willitivity

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I don't know why you need to compare between a new altcoin and an existing coin, remember the existing one once had days like the current one coin, the bear market is coming because things can't keep going up this way forever, I just hope you lock on that profit before you lose it.

Quote from: Mighty_crypt on February 10, 2021, 02:06:18 PM

600% Profit is enough to say goodbye to a altcoin, maybe it's just me? I always take advantage of every new altcoins that comes out and deliver, I don't plan on holding for so long because they will eventually lose value at one point in time, greediness is what most hold on to altcoins even when their prices are over the roof

Not just you man, considering how volatile the crypto market is if my investment is up with 300%, I would dump the token and move on to the next big project, greediness could pay sometimes while 90% of the times you will eventually end up getting rekt because you want the market to work hard enough for you alone, which doesn't work that way.

target

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INJ is a popular token, there are many YouTubers who review it to have a good potential I guess thru these videos a person who wants to profit will likely buy the token as early as possible just like OP. I wouldn't be comfortable investing in it still even after the price had spiked. The potential is there for INJeven to Doge but it will remain as pump and dump when there isn't a fair distribution.

SunOfBooost

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I think this is going to be a little different for everyone. I think a big thing is setting a goal. I have found that it is easier to 3x 10 times than it is to x10 once. I usually set the bar fairly low and when we hit the mark i was looking for in the long term , I pull out. I feel like this is a little safer and you keep your losses to a minimum. just from my experience though..

Oilacris

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Quote from: cryptomark2021 on February 07, 2021, 06:55:42 AM

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.

No, you cant really make all coins to have the same potential when it comes to price because each of them would really be getting different approach by the community which simply means
that price can be determined basing off into the demand itself.

If you did make 600% already then it isnt bad to consider on selling off those for securing those profits that you had made.These chances are really not common when it comes
to altcoin yet tendency of hard correction is likely.

Setting out specific level of gain and selling it off will really be varying on someones risk management because not all would really be having the same input or views
towards its investment.

jacafbiz

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Quote from: cryptomark2021 on February 07, 2021, 06:55:42 AM

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 formula in the space that is being used to calculate the growth potentials of these projects, one thing that is very important is the community and the users especially now that we have DEFI projects that people can use and tie down their capital into, also note this, you can't compare new projects and new one. A project with marketcap of $6 million and a Project with market cap of $600 million with give you different ROI in a year. New projects with huge potential tend to capture value fast in percentage as compared to established ones

olabiyijummy02

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The best way to determine the potential of an altcoin is to look into the fundamentals that is looking to work the company is trying to achieve look at their roadmap as regards what they have achieved so far and look at what the project will it means to the capital space and also to the economy in general if it provides value there any coin is valuable if it doesn't provide value then when is not valuable as simple as that.

konflikkastil

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Sometimes I smile when people come out and start to open their buval cavity and be saying stuffs that are not real or correct. All these coins we are seeing, they all have a particular purpose they are intended to provides a solution too. So the time that they can pump differs. It's likeusing the price of a petrol to determine that of gold. Yes, I agreed some of the coin are built on the same or a blockchain technology. I think what can be a major boost to a con is the ability to bring big Investors who are ready to invest heavily on the coin. And they have to keep doing that till the coin gain some certain level.

Casdinyard

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Quote from: bison on February 12, 2021, 09:12:28 AM

if you support a good project. and from the start you have participated in their token investment, you should have a plan when you sell and buy.
measuring the best value would be difficult. because the ability of the market can be beyond the reason and predictions that we do. If you have made a large profit, I think you should choose to get out of your investment and switch to another asset. try your luck in other projects.

Long term vision in a project is important to determine whether potential is present for a crypto or altcoin perhaps in this case. If the platform or the concept is already sketchy in the first glance then that should be a caution already whether to invest or not. Altcoin are believed to be good only for short term, but there are still altcoin which are surprisingly existing in a long run. Despite of an unequal ratio of the good over the bad ones, I think it is just the market analysis that would matter. There are good altcoin and there are not, so better not to be easy on choosing the good ones or if possible, the best ones.

bison

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if you support a good project. and from the start you have participated in their token investment, you should have a plan when you sell and buy.
measuring the best value would be difficult. because the ability of the market can be beyond the reason and predictions that we do. If you have made a large profit, I think you should choose to get out of your investment and switch to another asset. try your luck in other projects.

Rampagoe004

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If selling tokens at a suitable price, you must have principles and be consistent, for example, I want to release existing coins, especially see the contribution of a token and see comparisons with other coins in the market, especially coins of the same type that we have, when the altcoins have started to move up automatically you have to offer the right price so that the price passes that is the time for the altcoin to go up and we can sell it

RealMalatesta

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Quote from: cryptomark2021 on February 07, 2021, 06:55:42 AM

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?

I end up checking what the potential of it based on what the community is thinking and what the market is doing and what the roadmap is like as well. I personally believe that if you end up buying something and it goes up, you probably know if you should sell or not based on your initial goal.

If I buy something for 100 dollars and I say that I will get out at 500 dollars and it becomes 600 dollars, I will just put a stop loss at 500 and wait, that way if it goes down to 500 I sell and still make 5x profit, if it doesn't drop that way and continues to go up, I will be still in profit by having the price keep going up anyway. So long story short, have a goal before you go in, if it goes beyond that goal, put a stop loss, and just keep on waiting, if it ever makes it to another goal you picked change that stop loss to the new goal and so forth.

Topic: Potential of an altcoin - page 3. (Read 970 times)