I had an initial investment of 250 on Shib and now it's over 800. Should I sell and buy some other alt-coin or should I hold? Also what altcoin should I buy? Sorry for the stupid newbie post I'm just not optimistic about Shib since it's a poop coin haha.
First of all, congratulations on making a profit through it, and it's a really good profit. If you have lost all faith in it, then strongly make a decision. With Shib, many people here have made big profits with it, but there are also many people who have lost money. FOMO with memecoins often happens quickly, and in this situation I would suggest that you take some profits to switch to safer categories. I often tell people to calculate the balance between
risk/return, and even when taking risks, always be ready for every situation, even if you lose money, and if you have gained a lot of profit, then know the satisfaction point because from $250 to $800 is also a success for many people. In short, investing depends on many different factors. Maybe memecoin in many people's minds is very risky and I also think it is not safe, but the decision is yours and you should be responsible for your investment.