Don't go making things complicated op, I suggest that instead of comparing your coins or possessions in your portfolio(s), just go ahead and study the charts of your investments together with their developing teams and roadmaps. You need to check wether the market is heading into the bearish season or not by checking bitcoin chart and your altcoin possession chart. Next is to check the legitimacy of the project, the developing team and the timelines of the roadmaps and account their reasons as to why there are delays with the movement of the project itself(if there are any delays).
You ae better off doing those things instead than just comparing your possessions since it is confusing and kind of loose when it comes to accuracy compared to the ways I suggested. This is not a financial advuce but a friendly advice since I have tried it and it worked for me many times. Good luck op.
Topic: Potential of an altcoin - page 4. (Read 970 times)
The market is unpredictable if a certain coin is already increase its price you must set a plan to sell some since 600% is high and the rest hold on your desired target price. Actually it is depends on your plan if the project roadmap is good that meets your standard you can take profit and hold for long term. Just take profit when you are happy and buy when decline or correction occur, just monitor the project update. .
If you are the type who don't know how to take profits you will soon find yourself in the ground, one thing is certain in crypto space that's price fluctuations, you think that injective protocol will keep increasing in value? This is what many thought too in 2017 before bear market attacked, don't be a fool, 600% is too much already
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.
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 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?
People have different impressions and views regarding a coin being "potential". Either they looked at the community, future plans and developments, speculations, hypes, price movement, etc. Now, what factors do you have to call a certain altcoin as having potential?
And no, you don't have to compare each of the other altcoins to understand the potential. I don't know about INJ but surely, you do have a set of factors why you consider buying them before and now enjoying good profits the moment you sell it.
As for your final question, no one can tell you what's the exact thing to do regarding when should you sell. If you follow that coin since then, you can decide for yourself when to sell. You don't have to wait for a much higher target if you think it's good to sell it now.
There is no need for you to compare the profits that you have from your other altcoins to another. As long as you're getting profits whether it would 5%, 1% or so on.
The logic lies is that as long as you get the profit, you should sell it if you want to make money from it. 100%-600% profit is already massive and you don't have to compare it with any other altcoin because they have their own percentage and movement.
The logic lies is that as long as you get the profit, you should sell it if you want to make money from it. 100%-600% profit is already massive and you don't have to compare it with any other altcoin because they have their own percentage and movement.
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.
Based on my experienced I don't do that, you are going to lose a lot if you treat all altcoins the same way you treat one that has potential, each coin has its own roadmap and time to pump, maybe the coin have their platform ready but not ready for adoption and some coins gets pump even when the platform is still in the drawing board, get the majority reaction of the community and investors and you'll get an idea if it's worth to invest now.
Defi tokens today are hitting more than 600% though, I want profit I would probably just sell my INJ and then buy sushiswap tokens or DOT because its the one that spikes higher than the rest. It would be worth it if I have bought the INJ at such a cheap price. But ask yourself why you did invest in that INJ, maybe you like the project and you sort of support the team.
It is hard to assume that the profit will just continue to increase. Evaluate the project, do they have the capability to stay long term in crypto? Because that 600% profit can go down fast. Especially if the dev team decided to move on and abandon the project. So you need to be alert with what's happening around you. Be vigilant as they may be throwing some signals that they will not push thru their developments. Better sell it while in good profit, and just look for more established alts in the market.
and it all depends on the decision of the development team,
so I don't think we should miss any information about the project because if this happens it will be our own loss,
so stay tuned for information and developments
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 we talk about profit, for sure its depends on you, wich mean how much profit that will make you enough mate
because for me if we can gain about 600% from one altcoin that really great ROI buddy
If you are have basic understanding of technical analysis, there is a way traders used ascending wage to measure the outcome of a trade especially when you bought them in accumulation zone, it will be easier to know when to exit the market regardless of the profit you already made.
On a second thought, why not exit the trade at this point? 600% is a good profit for an income. It's better to be in profit than to loose everything one day but if you are aiming higher and a long time then keep it because Enjin is a quality project.
On a second thought, why not exit the trade at this point? 600% is a good profit for an income. It's better to be in profit than to loose everything one day but if you are aiming higher and a long time then keep it because Enjin is a quality project.
Defi tokens today are hitting more than 600% though, I want profit I would probably just sell my INJ and then buy sushiswap tokens or DOT because its the one that spikes higher than the rest. It would be worth it if I have bought the INJ at such a cheap price. But ask yourself why you did invest in that INJ, maybe you like the project and you sort of support the team.
It is hard to assume that the profit will just continue to increase. Evaluate the project, do they have the capability to stay long term in crypto? Because that 600% profit can go down fast. Especially if the dev team decided to move on and abandon the project. So you need to be alert with what's happening around you. Be vigilant as they may be throwing some signals that they will not push thru their developments. Better sell it while in good profit, and just look for more established alts in the market.
Defi tokens today are hitting more than 600% though, I want profit I would probably just sell my INJ and then buy sushiswap tokens or DOT because its the one that spikes higher than the rest. It would be worth it if I have bought the INJ at such a cheap price. But ask yourself why you did invest in that INJ, maybe you like the project and you sort of support the team.
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 the only one who can answer this question pal, the thing is you need to have a target, if any coin gives me 500% profit right now I will gladly leave and take my profit, not knowing when to stop is a very bad disease, once it crawls over you it's the end 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.
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.
if I personally after the price increase very high (more than 100%-150% in 24h) and suddenly the price go down 10%-15%, then I will sell it, because I am afraid if there is a big correction, so if there is a correction, I can buy it again, therefore the most important thing in my opinion is that we shouldn't be greedy when investing in cryptocurrency, because it will make us lose the opportunity to get a big profit. 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.
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 the only one who can answer this question pal, the thing is you need to have a target, if any coin gives me 500% profit right now I will gladly leave and take my profit, not knowing when to stop is a very bad disease, once it crawls over you it's the end 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.
People needs to understand that things won't keep going well forever, ups and downs is just how this life was created, you need to be less greedy to make good money in this space, if you haven't learn how to control your greed it won't go well for you because you will be caught in bears web before you know it
All people know of it, but we need to figure out what the trend will be. If we sell something because of fear and buy something because of greed, its the start of the problem.
For the case Potential of any altcoin, i think nobody know it. As long as the trends go up and its not overbought, its safe to hold ur profit, but if you feel its enough, just take profit from it.
each altcoin has its own characteristics and potential, so they cannot be the same as each other. This will be quite difficult if you match the coins you have on the grounds of a profit above 100%. As for the selection of the next altcoin alternative that you must have in order to approach the potential for significant movement, it is necessary to study each indicator, background and don't forget to pay attention to altcoin trends based on having valid information.
People needs to understand that things won't keep going well forever, ups and downs is just how this life was created, you need to be less greedy to make good money in this space, if you haven't learn how to control your greed it won't go well for you because you will be caught in bears web before you know it
The only and best way to know about the potential of an altcoin, first you must have knowledge about trading and after that do a market survey and read graphs of altcoins. Note down the peak and lowest prices now it is a very simple buy coin at lowest price and sells when price breaks the previous record of the all-time high. Usually, coins grow and break the previous price milestone and then go down. So sell when you feel that you are in good profit.
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.
each altcoin has the potential and development of each. so we can't compare one altcoin to another. each altcoin has the potential and development of each. so we can't compare one altcoin to another. because all the end result of a trade or investment is getting profit. so if you already have a profit then you better sell it and immediately look for other potential altcoins to be able to get even bigger profits.
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