Potential of an altcoin - page 5. | Bitcointalksearch.org

isaac_clarke22

sr. member

Activity: 1610

Merit: 264

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

~

INJ? Never heard of that coin, but from how you described it, it seemed to give a promised and good profits hmm. 400%? That's a lot.
Upon comparing it, you shouldn't.
That coin stood on its own and managed to get that high in price. Not sure if that coin is only part of pump and dump communities because I was never part of it anyway so be wary of that.
The coin, from my assumption, stood on its own and investors wouldn't think of investing to any other altcoins that have the same potential as that.

Mighty_crypt

member

Activity: 784

Merit: 21

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.

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

sgenuine

full member

Activity: 854

Merit: 103

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.

Many top coins have potential. When you choose an object for investment, remember the main thing. Don't blindly trust ads. It is best to invest your money in a studied project. And one more rule, never spend more than the amount that you are not so afraid of losing in case of loss.

Sanitough

hero member

Activity: 2856

Merit: 674

There's a big potential for a coin to rise in the long run, but the question is, can you wait that long, or you want to enjoy your profit now.

For me, 600% ROI is already a huge return, if possible, sell half of it, and hold the half for long term.
At least you already get your capital and a little profit, and you can use it to accumulate once the price will dump.

cryptomark2021

newbie

Activity: 11

Merit: 0

I would like to set a price where to sell, but INJ is in discovery price and I have no previous support/resistance etc. What to do?

optimisticcm

member

Activity: 210

Merit: 10

Sovryn - Brings DeFi to Bitcoin

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.

I think this is more than enough growth so personally i would have took partial profit here if not all, you can take 25% or so profit for now if you are still bullish and hold on for more gains later. If you do not need cash at the moment then obviously you can hold for even more gains.

crzy

full member

Activity: 2128

Merit: 180

You see every project base on their contribution in the market and comparing its to competitor is a great strategies, investing on new potential altcoins is not that easy, and you really have to do your best to know it's pros and cons and to know if its worth investing, having your own research is a must. 100% profit in just a short period of time is really possible on good new projects, and if you're lucky enough it can still go higher that your 600% profit, just like Poolz right now.

Asuspawer09

sr. member

Activity: 1820

Merit: 436

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.

600% is a good profit when it comes to investing in the altcoin market, you could still risk it in the market because it is still altcoin season and probably it might pump more in the coming months.

But you need to understand that you need to set a goal in your investment or set it at a certain price point to sell it because altcoin season could end and money in the market need to circulate, I never see a token in the market just continue to pump mostly up to 5years and then it is going to reset there is always a risk that market price is going to go down so always set a goal.

You could look at the chart of ATH of some altcoins where the market circulates and support is falling, as long as you made a good profit already it's a good time to sell already don't be too greedy.

masterrex

full member

Activity: 1820

Merit: 107

It depends on how do you define the so-called potential aspect of an altcoin, Because If you have already gained a decent profit then it's good to go. because most of the time the greed will not benefit us instead it can cause a serious problem. In order to gain something, you must understand what you are doing, especially in the crypto industry that the risk and volatility are always present, and then if you have already gained a decent profit let's say 600% I believe there's no need for you to speculate or gamble again just grab it now for good and that was my opinion about it no more trick so that we can minimize the risk.

cryptomark2021

newbie

Activity: 11

Merit: 0

Quote from: JeffBrad12 on February 07, 2021, 07:09:54 AM

You don't need to compare it with another altcoin that is similar to your coin. What you need to watch the chart when there's a big signal for the bearish trend and you may sell your coin and go out with your profit.
If you are seeing the future roadmap of INJ and that will give you a clue about how potential your portfolio is.
The comparison will make you feel confused. Just try to make sure if you are always in profit.

If you are on 600% ROI for your investment and you can try to set it to 500%. That's why you will always need to watch the market. This is my 2 cents.

What do you mean for "If you are on 600% ROI for your investment and you can try to set it to 500%" ?
Should I sell some to reach the 500% ROI of investment?

JeffBrad12

hero member

Activity: 2954

Merit: 533

Leading Crypto Sports Betting & Casino Platform

You don't need to compare it with another altcoin that is similar to your coin. What you need to watch the chart when there's a big signal for the bearish trend and you may sell your coin and go out with your profit.
If you are seeing the future roadmap of INJ and that will give you a clue about how potential your portfolio is.
The comparison will make you feel confused. Just try to make sure if you are always in profit.

If you are on 600% ROI for your investment and you can try to set it to 500%. That's why you will always need to watch the market. This is my 2 cents.

cryptomark2021

newbie

Activity: 11

Merit: 0

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.

Topic: Potential of an altcoin - page 5. (Read 970 times)