Selling shib to buy other alt coin? - page 2.

Mpamaegbu

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Quote from: AllYourBitcoinRBelong2Us on March 09, 2024, 02:13:46 AM

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?

If I were you, and as scared as you're right now, I would do the following – take out my initial capital ($250) and don't reinvest it. Then leave 50% from the $550 difference in Shib as my moon bag. Reinvest the remaining 50% into any alt(s) that I fancy.

However, my true position as an investor in respect to this Shib question would mean I don't do anything yet because I know there's no cause for panic. I will just let the $800 continue to grow until I begin to sight signs of Bitcoin dominance going down. When that happens, I will take out half of the whole cash and allow the rest roll in expectation of an alt rally.

Mate2237

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Op that should be your decision whether to sell or to continue hodling. But since you have gotten enough profit I will advise you to take the profit and continue with the capital and if you wish then you can invest in Eloncoin with the profit and see how the two can display in the next four years. 250 to 800 is nice investment so far. But make your choice from the comment box because everyone gave their different opinions and you are to select the best among them.

JeffBrad12

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frankly speaking if you have made that much amount of a profit selling it for the sake of investing in other coin does make sense, but also most of the coin these days have been increasing just as high as the meme coin that you just mentioned though so its probably gonna be kinda hard finding one that can make you profit and that is not meme coin since it seems you don't really like it.
maybe try those new L2 and some new coins that gonna get listed where they definitely hasn't hit any all time high yet that might be a good coin to invest.
but if you want to tune down the risk, reducing any possibilities of losing money why don't you just put your money into either bitcoin or ethereum anyway.
since they are almost guaranteed to have good rally, not to mention etheruem is just waiting for its ETF probably in the future it will go even higher, can't go wrong with bitcoin or ethereum.

cryptoaddictchie

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Quote from: AllYourBitcoinRBelong2Us on March 09, 2024, 02:13:46 AM

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.

Its always your choice if you want just subtract the profits from shib and put it into a new memecoin. This is a risky method but theres nothing to gain by being scared. Most tokens are unique and you need to find which one suited you best. But tip of an advise pick a meemcoin that has a lot of supporters or big community because thats the key to a moon mission on memecoin.

pinggoki

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You can either risk hodling even further with Shib but I don't see any other altcoin that's worth your money to invest into right now, I'd say just take the profit and be on your merry way, that's the only solution in my opinion that would be good for you, are you sure that you want to invest that profit money into other altcoins that aren't going to guarantee you any profit because they're as risky as they can be, it's probably a good idea if you do some more thinking about what you're going to do with that money, I think Shib's got a really good investor base so it's safe for you to just hodl there but I wouldn't risk it when there's an obvious opportunity to grab the profit right? Maybe put it in ETH or Solana.

mindrust

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Quote from: AllYourBitcoinRBelong2Us on March 09, 2024, 02:13:46 AM

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.

You had a good run with shib and you are aware of that it is a shitcoin. What does that tell you? Sell and buy something more legitimate. I’d say even doge is a better option because doge has a history.wtf is a shibcoin? It appeared out of nowhere. It is a bad doge imitation. Get rid of all t and buy something better. The best choice is obviously btc but it is not as volatile as shib or doge and that might be a good thing or bad thing depending on what you want. Remember though, volatility goes both ways. It feels great when you are on top but what if shib dives hard tomorrow?

bluebit25

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Quote from: AllYourBitcoinRBelong2Us on March 09, 2024, 02:13:46 AM

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.

avp2306

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Quote from: AllYourBitcoinRBelong2Us on March 09, 2024, 02:13:46 AM

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.

Don't base your decision on the opinion of other people since you might get a wrong insights then lose all the money you have. Best for that is you are the one do the decision making about what do you like since if you want to explore on other crypto then let it be. But if not confident on other token then much better if do research first before dropping those decisions. I'm sure you don't want to regret for losing your money so better for now you should do a research on what are the other options that best for you to accumulate aside from that shib if you really want to get and take your profit from that token.

hugeblack

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From 250 to over 800 that is a good profit and It is better to withdraw because SHIB has an unlimited supply and the correction will begin as soon as the price of Bitcoin decreases. As for the best suggestions, they would be some promising tokens that have not risen recently, or Ethereum, or buy USDT and wait until a correction occurs and buy SHIB with the profits if you really believe that SHIB has a good future.
In any case, selling now or converting to USDT is the most appropriate option.

xeqoRameshAxueamExaqana

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Shiba's price has risen high from its lowest price, it has risen almost 6x. but it has not reached its new ATH, it still needs to increase 200% at the current price to reach its latest ATH price.
If you want to buy other coins, other coins have also risen very high in price. look for coins with a large market but the price increase is still small so the potential to rise high is still very large if you want to sell and buy other coins.

batang_bitcoin

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Quote from: AllYourBitcoinRBelong2Us on March 09, 2024, 02:13:46 AM

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.

You don't know what to buy and what to do, this is the hardest part when you have no idea what you must do. Because some will just shill you out unknown altcoins because you are intended to do that. So, if you happen to have no idea what they're telling you, DYOR at all times.
If you are in profit and you are satisfied with it now, sell. But if you think that there's going to be a bigger value of it during the altcoin season or once the halving is done, sell.

AllYourBitcoinRBelong2Us

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Quote from: MAAManda on March 09, 2024, 02:58:11 AM

Quote from: AllYourBitcoinRBelong2Us on March 09, 2024, 02:13:46 AM

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.

Depends on you, if you think getting 800 from 250 is enough, it's better to sell it and buy another potential coin/token, right now we are in the halving hype, why not try buying Bitcoin (BTC) and ride the wave?

If you don't want to choose Bitcoin (BTC) and prefer altcoins, just choose the major altcoins that are in the top 30 of CMC, there are lots you can choose from there.

I already have like 2k in btc, is that too little? Should I maybe get eth or xrp?

MAAManda

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Quote from: AllYourBitcoinRBelong2Us on March 09, 2024, 02:13:46 AM

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.

Depends on you, if you think getting 800 from 250 is enough, it's better to sell it and buy another potential coin/token, right now we are in the halving hype, why not try buying Bitcoin (BTC) and ride the wave?

If you don't want to choose Bitcoin (BTC) and prefer altcoins, just choose the major altcoins that are in the top 30 of CMC, there are lots you can choose from there.

AllYourBitcoinRBelong2Us

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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.

Topic: Selling shib to buy other alt coin? - page 2. (Read 161 times)