Topic: Taking Profits on Altcoins Strategy (Read 1074 times)

I think there are so many ways to be able to profit from altcoins, you just need to buy them and after that wait for the price to rise again to become very expensive like what happened to the price of Dogecoin, although no one knows when it will go up at least buy an altcoin that has the potential to definitely be still make a profit.

My strategy to earn from altcoin is little different from you.
I divide my Portfolio On 4 Steps
1) Buy Low Satoshi Coins (Strong Projects)
2) Long term Investment ( like eth, bnb, dot, ada, xrp, sol etc)
3) Day trading or short term trading. Sometime reach to midterm
4) Extra Usdt or busd for urgent use or for buy in dip

when a bull run occurs you should watch and predict when it will end and sell all your assets and turn them into stablecoins and wait for a very big bear market moment to come and buy coins at their lowest price.
so you will get a chance at the bottom and wait until the next bull market bull market.

Yep i see your point but HODL is still one of the best investment strategy . This is going to work only but only for amazing potential projects .
Problem is how many projects we have for ''HODL'' ? Well less than %1 of the market .. I know maybe two or three but this is still risky you can get nothing after all that waiting .. been there done that   but i still think Hodl can work very well and remember this strategy has much less stress than others

you already sold them for dollars so why would you still need a stablecoin ? maybe you mean you cashed out ? thats fine but if you dont feel cashing out then you can trade em with a stablecoin .

not sure if i heard that blockfi before or i only forgot it but if its trusted then thats a good idea to earn passive income than hodling your stable coin and earn nothing .

heck yeah that is a nice strategy . good thing you dont forgot to have a top coins like btc and eth because they are more important than a stable coin .

if you consider your self as an experience person and think you can benefit with this why not ? but to me it looks risky

you already ask the blockfi thing earlier but the other one i think that was a good idea to diversify  .

I don't think there is any particular strategy when it comes to taking profit on altcoins, this is because what works for you might not work for another, some people are always okay with a certain percentage of profit while others are okay with long term holding with a very high expectations.
However, I would say, do well to know the type of altcoins you hold, their chances of lasting long term and their development rate; I think these can help someone to know when to take profit. There is always a saying, don't be greedy, but there are times one will see the nature of a market and decides to risk it by holding more, in some cases it works and in some it doesn't, thus why I said there is no particular strategy on this issue.
There are even people who buys at a very low price, see a good price but still holds, therefore I think it's better to know the genuineness of the coin you are holding, then deciding when to take profit. Unless of course it's a shitcoin you are taking a risk on.

There is one important thing that you should pay attention to before being active in cryptocurrency, you want to become an investor or a trader?
If you can answer my questions, you will get answers to all your questions,
Investors and traders have the same goal of looking for profit, but have different strategies, especially when facing a bull market or a bear market.
An investor will only focus on the long term and bull market, and they will only hold their coins until the target is reached,
Unlike a trader, they must be able to take the opportunity when bull market or bear market arrives, and what is more difficult is that they also have to be able to control their emotions and also money management, the more experience a trader has, the easier it will be to make decisions.

if you want passive profits like this, it's better to choose staking or farming on a trusted platform or exchange, that's a pretty good strategy to get passive income. while waiting for the next bullrun. and don't forget to enjoy your profit by making yourself happy, going for a walk, having a picnic, or doing whatever you want.

well, the cryptocurrency market is hard to predict, we never know when the market will bounce back with a beautiful bullrun. while waiting, make sure our lives are fulfilled, have enough expectations, and manage risks as well as possible.

For any NFT platform, liquidity and a large number of users are important. It is good if the principles of the gaming industry are applied to build a large community of users.

Altcoins are the smallest level of risk in investing, this is different from investing in bitcoin and ethereum, I read how complicated the investment you are doing now is, to make an investment you don't have to think about taxes as you mentioned.

Try to make investments that provide safe and promising value, focus on your investment goals, not dealing with the tax problem that is charged, in general what you are doing is very appropriate, you need another strategy to perfect it, if this can be maximized next year you will profit big.

Just monitoring conditions without preparing a strategy will also not be effective. How effective would it be if owned assets like BTC were sold when the market was like it is today. Then he attempted to buy stable coins. I think he really looks forward to every input. What do you think?

Good strategy my friend. For me much better to cash out some money to enjoy life for awhile. Take a vacation tour and rest from crypto trading and investment. My strategy is different from you because I am just a simple guy starting from simple steps. Aiming to have huge gain in the future. I bought few potential tokens and will hold all until bull run.

Every experienced investor, surely they have made several alternative strategies from several possibilities that will happen, for novice investors in the crypto world, the thing that is no less important is to always monitor market conditions and don't get carried away by emotions so that they make silly mistakes such as selling assets just because they panic. .

This is an ideal scenario, only it does not look real) No matter how much research we do before investing, there will definitely be unprofitable transactions. In such cases, immediately after buying a new coin, it is necessary to set a stop loss in order to immediately fix the loss if the price moves in the opposite direction to our expectations.

It is great if you are currently selling BTC and buying Altcoins like Ethereum. Then, keep Ethereum for some time and before the end of the year, you sell Ethereum again. For me it was right. You also have to prepare other strategies for the future and anticipate the negative possibilities that will come to you.

I think you are very ambitious in achieving the target you want, so you start investing with a perfect profit goal, even though you are trying to balance your investment with current conditions, this is indeed a good thing to apply in investing, but what I fear you will unable to control it.

I think you need to pay attention to good altcoins, or look at the condition of bitcoin, ethereum and others, if you can maximize this, in the future your investment will generate considerable profits.
But don't forget to calculate every risk that will occur, both now and in the future, the rest is good and perfect.

Indeed, I think that method is very effective where we don't bet on altcoins, but follow the waves and enter the market when there is a correction, so we don't need long to wait for the market to rise again, because it's a bullish trend. especially for new altcoins, I think it will be even more risky, this way we don't be too greedy to come out when we are full enough

This below link absolutely will be help for you about cryptocurrency trading, how can you do it, read this belows helpful article.
https://icoholder.com/blog/trading-altcoins/

You put multiple choices in one option, i think you can differentiate long term and short term investment, if you have an altcoin like Ethereum then do spot trade and the profit you have you can put into usdt/stablecoin,after that use the DeFi platform to profit from farming stablecoins of your choice, choosing several portfolios for investment requires patience, and make sure you choose long-term investments if you want to get a lot of profit, I'm not giving you advice, but you can see a graph of each coins on coinmarketcup.

It is a really good strategy, I have a similar one. It is better to sell off all altcoins when bear market starts, as they can drop by 80+% easily and you don’t know which of them will recover later.

It is up to your tolerance to red numbers. I mean that if you are a long-term investor and can put up with situations when you see big losses and you can wait several years more, you can hold your crypto, but if not, you should invest in something more conservative until the next bull run.

depends tho! if you are buyign the dip during a downtrend you are just buying the dip before the next dip, make sure you are buying when price is uptrending so you are buyng the pullback before the next push. In this way you can maxinum your earning in smart way with alt.

accumulating our profits from short term traders to bitcoin or other major altcoin could double our profits in near future. new altcoin should used to speculate for gaining big profts but we have to doing good research before decided invest in this projects. safety should be first priority in our investment and dont ever trapped in hype or fomo.

Me I rarely slack in taking profit on whatever I invested on. What I mostly do is taking out the exact amount I invested with by the moment it doubles. But if the project however doesn't double within a short period of time, then I wait for as long as it takes to take out profits and watch the rest grows.

To me, the best strategy is that setting price goals all the time and take the profit when we reach the goal. Maybe not all of the profit, but taking some of the profit will still be the wise thing to do. Otherwise, we may even lose all our profit and even our capital. So, this is my strategy in general honestly.

This is a good strategy and I use it myself, getting a profit from trading new coins, I use part of it to buy BTC. And of course, I believe that Ethereum will still exceed its ATH not only in relation to the dollar, but also in relation to bitcoin. Therefore, every investor should have, in addition to BTC, also ETH in his wallet.

Market is pump for the now.Some coin had raised a good value.The people who had invested money in such coin ,now withdrew the money with some profit.It's better to withdrew for now instead of holding for the longer period.Bitcoin will rock the world in a short period.BTC and ETH was the potential coin all the time.

If you mean long run you should take into account that you should have minimum of 2 years  to fully maximized

the benefits out from those assets that you've mentioned. There are big potentials that acceptance will continue

and adoptions for crypto transactions will bring more value to those assets. Treat it as your lone term savings you'll

love the benefits once you succeed holding it.

Without Cryptomarket's Top altcoin.  The road map of all the other altcoins that are available and coming in the market, which have been created in the support of some companies, using the case, everything is completely safe for a short time and it is possible to make more profit.  The best option is to invest in BTC, ETH, BNB for more profit in the long run.

Hmmm, the things you have said here are good moves to make in an investment like this. There is nothing wrong with investing in real estate, if you have enough funds to invest, then it wouldn’t be bad to take out a part of that money and invest in real estate. Real estate is like one of the best investments you’re going to make these days. So, that’s a yes. Keep part of the money for investing in cryptocurrency, while the rest goes towards the real estate investment.

When the market is bullish you can hold your cryptocurrency and when you feel you have made enough profit, it’s best to pull out and wait for the right time when the market will crash. It wouldn’t be bad to invest back into cryptocurrency with the money. Even at a stable time like this, cryptocurrencies like BTC and ETH can make you enough profit in a month than you will get from those BlockFi.

But almost all altcoins will lose its value in terms of both USD and BTC at a time; I mean I have not come across a coin which is profitable either BTC or USD value. I guess it would too helpful if you suggest me any of such coin so that I may watch them and may include into my portfolio.

Booking profits on time to time with any altcoin investment is highly recommended. I have seen many coins which were trading at decent price levels suddenly got dumped and then slowly exchanges delisting them in the end; one good example must be bitsend.

We have different strategy in taking profits on Altcoins. For me, I would rather choose an altcoin with good return even for a short run then put some percentage of my profit on bitcoin so that if ever the altcoin I choose suddenly lose it's value, I still have profit put on bitcoin. It's too risky to hold altcoins specially a new hype altcoin, maybe ETH is good or BNB but others, I doubt it, that's why be wise, if you gain profit through pump in altcoins, put some percentage in bitcoin.

Majority of the projects are too risky to hold for a long period of time because when the market starts to correct some of these projects might stop working if there is a major sell off and it all depends upon the core strength of the project and the innovation they are implementing in it according to the changing trends.

The major projects that are established in the market has its risk but not like new projects.

Now many cryptocurrency projects pay attention to gamers, as gamers have huge communities and are able to have a significant impact on cryptocurrencies.

Just stake NEAR and Celo and sell your staking rewards when the market is up.

How do you intend to stake stablecoins? Do you mean lock up with less than 6% APY or you mean farming with other tokens to get more coins?
I have not seen that though buddy, you either lock stable coin, we misuse the concept of staking from what it's originally designed for.
Anyways, stay away from shitcoins if you are really into farming because of impermanent loss, rug pull by team or hackers and you might also not gain much if you are into liquidity providers for huge profits. It's better to hold coims or hold stable coins to avoid unnecessary stories.

There is a flow that we can always see in the crypto market, when BTC begins to dim in its dominance, that's when altcoins begin to take their place in the crypto market, and that's when we should take

The gaming industry offers great potential for cryptocurrencies. Thanks to NFT, players can earn money from games, so the community of players is now very popular and is growing rapidly.

In my opinion in investing or trading we don't need to hope to be rich because if this is not fulfilled or we lose, of course we will feel sorry, I myself have been trading in the market all this time and I don't expect if I can get rich but at least the profit I get can be sufficient my family's daily needs , I agree with your advice don't rely on one type of altcoin to invest because it's better for us to take several altcoins in trading so that when altcoin A suffers a loss, of course at least Altcoin B can cover the loss, because we know that if the market goes red of course not all altcoins experience this and sometimes there are altcoins that go up when other altcoins also go down.

In the Philippines  where I belong I can see that not all of us here know about bitcoin and on how it was going to be more fun and challenging to earned bitcoin. But the fact is even not all of us is not knowing of crypto but we are trying to teach to everybody because bitcoin and altcoin is the best to earn of it..

IMO,
you must know what kinds of altcoins we are trading or investing in so that we can understand how to take profits from the altcoins. For, in my opinion, there may be some different strategies of taking profits for several different types of altcoins.
Let's see about the new hype altcoins emerging. We can trade them and take profits in the short time waiting for the pump price and then sell them at the high price as we have targeted.
However, we may not need to hold them for a longer time because it may be too risky.
And there are also some altcoins that will have good news or events at a certain moment so we can just prepare to buy some of these coins and wait until the right moment after the events, so we can make higher profits at that time.
And there may be also another chance to take profits based on investing for middle and long term investment. I believe this is more to top coins only.

1. Have a look at your options. Remember gain is the focus. Which is less expensive? Change to dollar or stables? Use a procedure with lower fees.
2. I can't say much about blockfi at the moment as I haven't invested with them but if you are pretty much convinced after your research, you can go ahead. Consider diversity as well for interest generation such as staking or farming on seascape Network.

when it comes to choosing the right asset like BTC or ETH I believe there is no need to doubt.
but your suggestion is correct. investing in several potential assets will reduce the risk of loss as well as increase the maximum profit potential.
I myself do a lot of strategies like that. choose more than one asset for investment with a different planning. some are for the long term, some are for the short term.

I agree that not only Bitcoin is good for investment, there are also many popular altcoins that are worth buying and can generate profits. It is advisable
for beginners who do not have good knowledge and analytical skills to avoid investing in new projects. I say that, because very few new projects can
be successful in bringing us profit, because most new projects are only used for pump and dump. Which can result in us losing money if we sell late at
the right time, my advice if we want to invest in altcoins, choose coins that are included in the top 10 cryptos on coinmarketcap.

Now TAE is very popular, many of them are actively used in the gaming industry and many gamers are already actively earning on TAE, even creating their own communities such as https://twitter.com/LiquidationsOf/status/1415853396792201216

I don't just invest alone in Bitcoin, it is safer to spread our funds to different coins in the market. There are several potential altcoins available and sometimes they are more profitable than Bitcoin. Maybe I was wrong but I have some experience with them that is why I keep buying new projects for short-term trades and sell them when hypes have come.
Well, that seems to be risky but sometimes we have to gamble.

Yeah you're right mate, buying bitcoin is the most essential right now especially when you are wiser enough and become more patient for all our decision making.And for the US taxes we don't care if we pay taxes as long as we have a huge income in crypto currency.

Keep buyingif you are aiming for long term investment, don't be bothered by price changes, let your own analysis

brings you the right decision making. Many traders suffer losses since they are chasing for  quick profits and they

didn't  anticiapate changes in direction when manipulations happened around.

My take on this one is to do it only if you are sure that the altcoin that you intend to sell will be worth nothing some altcoins are worth keeping and some coins are worth dumping, trading it on the stable coin is good if you are sure that it's going to worth nothing and the market is going down, the stable coin is good for safekeeping in times of bear.

we should have some stable coins in our wallet in order to catcht best opportunity when we see major coins drop sharply. having some stable coins will help us to avoid huge risk from altcoin investment, price volatility was very extreme and maybe some our assets could drop. This is the benefits stable coins to buy on dips.

some of the strategies that you do I see you have learned a lot about how effective strategies are in trading, I suggest to do a simple strategy, buy at a price that you predict will increase in the future and sell for a profit, if there is a decrease in price that is not according to your predictions from there we need to do long-term trading to minimize your losses.

about taxes that we cannot avoid it is our obligation as good citizens.

For the security of your money purpose, keeping them in stablecoin is tge safest that's if you don't want them to be in fiats. Now ones they're in stablecoin, having them stored in your personal wallet is the next best thing to do. I don't accept the idea of handing them over to a third-party for storage or investment as you're simply putting back your money to the market for scammers to try stealing.

Many things can go wrong when your money isn't under your control, firstly you can get restricted from accessing you money or they get stolen through hack and now you'll have to rely on the operators of the service for compensation.

It is hard but you get to take profits whether you consider it as the peak of the cycle or you think that the price is quite high already. That's the game for altcoins and you have to make sure that you're doing well in taking profits because it's your money and it's needed to get sometime for you to understand the cycles and what's the probable peak that you're about to take the profit. Learn from the mistakes of others that didn't took profit at the peak because they think that it's not yet the peak and that's why you have to be decisive in taking profits during the top, it's going to depend on how you're going to look at the price of the altcoin you've got and how much profit you have already.

Every owner of Altcoin assets must have their own strategies and plans, and indeed if there is an opportunity to take advantage that is deemed sufficient, we should take it but not all of it. Don't have high expectations to always get fantastic profits until it's too late to get profits.

I like your No. 1 choice, when the Bullrun is over and we take advantage of Altcoins, it is better to keep it in stablecoins, as a preparation for our trading capital in the next season or when there is a good opportunity to trade and withdraw some of it for real-world investment
Remember, never put eggs in one basket

I will go with your number two strategy if I were you.  Putting your profit in stablecoin while you gain interest on it until the bear market circle is over is the best way to go.  The Cryptocurrency market is unpredictable especially with new institutional investors selling and buying,  you will never know how low market could sink!

When the market started rallying there were many new hyped up coins and tokens that appeared and gave everyone the opportunity to make huge amount of profit and the only problem is that when the hype dies off you will end up loosing your investment, there are many NFT projects that came out with a bang and the price peaked to levels that we never expect and then the massive sell off took the entire market down and if you were able to book the profit during the rally you were lucky and i am not confident to enter those once again.

Not a problem at all, as long as you have your goals and you believe that in any period of time your target will reached out,
there are people who deal wtith long term and earned more decently than those who works with short term deal,

Traders who don't have that much time mostly goes with long term, look at the positive side and earn your rewards.

apart from being able to analyze the market, we must also have control over our satisfaction. sometimes greed makes us want bigger profits, even though profits are in sight. when hopes don't come true, gains turn into losses, all that's left is regret. So, feeling satisfied with the profit that has been obtained, whatever happens next, whether the price is higher or lower, we must be grateful.
from cryptocurrency I really learned a lot of things including patience.

I realize that my strategy takes a lot of time I prefer to trade long term, be patient to watch the market move as I don't have much time to trade short term.

For a lot of strategy you have made, you make yourselves confused. Instead of thinking about those strategies why not focus on one thing? Buy, Hold, and Sell, will be the most effective strategy and you are making yourself too easy.
Honestly, I don't know where you go with all these strategy, you just helping yourselves to get compromise and you have stated to take a loan during the bear season. Because of planning to take a loan much better to sell you coins and get back when the market is bullish.

As long as you're content with the profit then take it out and have it cash if you want or remain it as a stable coin. So in times of drop again, you'll be able to buy those coins that have dropped a lot and that's what most of the traders in long term does. They wait for the plummet of those coins that they want to hold again and make a profit by holding it. The strategy is very easy but to spot on those coins that you're about to buy at their possible lowest is hard. You need to be more active in the market and check out which of those have dropped significantly and if you think that coin is worthy to buy at its lowest then you just repeat the strategy.

Yes,my friend but I don't really focus on the target too if there is a chance to sell I will definitely do it even though in the short term I don't waste a profit opportunity if I find lucky time when I see a green market

Stable coins is not moving that much but crypto due to it's volatility the value against usdt is really good if you are into
day trading, you can pick which assets that's expereincing downfall,

Buy and wait, then convert it back to usdt once the market rise up, short term profits is far better than waiting for long
time but missmanaged your timing.

Depending on how trusting you believe the blockfi platform is, personally I won't trust my coins in such places I  have no control over,  besides I don't know what is the interest rate they give on stablecoin staking but I feel it is not worthy keeping your entire crypto funds because of some miserly interest, the best idea while taking profit is either sell to stablecoin and hold yourself until when the market correct enough to buy in again.

My take on this is that, yes, buying and holding BTC for the long term is a strategy that many turn as it is believed that it will pay off in the future. But I'd also not sell the crypto market short and would also suggest considering a few strong alts like ETH.

With Serenity on the way it looks to me that buying and holding ETH for the long term could increase your odds of success.

I agree, as for tax, there isn't much way around it, unfortunately, you'd have to pay it as capital gains whenever you're converting your original coin for that profit within the current tax year.

Taking the profits from altcoins seems simple for me all I need to do is to exchange the altcoin to ustd and hold till the dump comes to buy back and wait for the next pump to sell again.

You can still be profitable as the market drops, since dropping every weekend is a new trend. Thing has not always repeat but last 2-3 month trend on that way. Money takes the weekend off then buy back from the weak hands. I'm expecting good days still left, instead selling just holding. Anyways, No one knows for sure what happens next DYOR!

With convert it into a stable coin, he can buy again when the price is down or he can select the other coin which will have potential and have a chance to increase later. As long as we know when we should sell and take profit, we can sell it and do not wait for more or become greed because we will be too late to sell at a high price. We should use the chance to make a profit while we see it. Otherwise, we will regret not selling at a high price because the price will not stay at a high price for a long time.

I prefer the strategy after selling altcoins into fiat currency and then entering the stable coin I chose usdt because it can secure profit and take a chance when usdt goes down when altcoin goes up and when altcoin goes down usually usdt goes up and then sells it to buy other altcoins

after the bull, and you get a profit from the investment you make it would be better to keep it in a stable coin and you can stop for a while to enjoy it.
usually, I do that when I get a big profit from the bull run. like this year because I came out of the market at the right time.

After the correction, I bought some for potential altcoins in the market improvement, but this is not for the long term because the potential for the down market is still very large. so when we get a profit we can get out of the market quickly. don't ever think the bulls brought the asset to break the ATH in such a short time.

i have my own taking profits strategy to accumulate my balance, it is very simple and every one could do this. don't ever take high expectation if your single trade could give us profits more than 100%, its greedy and be main enemy for our self. personally i am prefer to take around 5 to 8% for daily trade, its small amount for some people but if we do this consistently , in a month we will get more than 50% from our balance. Its bigger than return in bank saving.

In the beginning, you no need to sell your alts for fiat then buy stable coins using it, just directly buy stablecoin with alts since crypto to crypto conversion also going to be taxes as per US regulations so just avoid multiple conversions to cut the tax paying then you can invest on blockfi or simply hold the stable coin into your wallet then reinvest back after years so you are going to pay less taxes as well due to long term capital gains.

Then never take any loans, just take your capital amount and keep the gains as an asset so you no need to pay any taxes until you convert the assets into fiat.

if you want to profit from cryptocurrency the strategy you have to do is patiently wait for the right moment to buy coins at low prices and sell them at high prices, when a dump occurs then we must be able to buy as many coins as possible after the price rises then we can withdraw profits, do not sell it at a low price even though you are stuck at a high price. implement this strategy I'm sure you can get a profit.

this way will be very profitable when the market is in very good condition as well as in very bad condition.
but in a fast-moving market situation, I prefer day trading. trading BTC or assets that have high trades will be profitable for day trading.
but staking stable assets is also good because we will not lose the value of the money even if the market is in a bad state. but staking with other altcoin assets will be different because profits will be largely determined by market conditions.

I will go with this strategy, it is better to hold an stablecoin and put it in some exchange that has offer staking at least while you wait your money get some percentage of profit.

I echo most people here, if you think your alts have topped I would cash out into bitcoin but I wouldn't go into fiat.  Yeah once you trade out your alt it's a taxable event so if you don't want to get the tax hit only way is to stay in your coins and hold out.

yes that's right, we can apply a benchmark, we only sell when the price is low and sell it when the price is high, as long as there are many corrections like this, we can use the right time to buy the coins we are researching at low prices, we just have to wait current pump and take advantage of it.

1- If I sell then I go buy BNB because most of the time I am investing something in BSC and that means BNB is the king there, plus I believe BNB will go up to 700+ dollars or even to 1000+ dollars eventually so it is not a bad investment.

2- I do not like the interest rates on stablecoins because there is nothing that can gain you interest by default, those places are either ponzi scheme or use your coin to gain profit in which case they may end up failing and losing money so its going to turn into ponzi eventually when they lose money.

3- I would say btc and eth is a good decision, but keep some BNB because like I said before I like BNB and see a future in that as well.

4- It depends from nation to nation, some nations do see it as something you still have to pay, whereas others do not even recognize any tax burden until you cash it out to your bank account so even if you made millions in crypto as long as it stays in crypto its free (but this is only some nations, check with an accountant in your nation to learn the answer).

5- Investing into real estate is always a good idea because you already spent your money and now people have to work for you, finding proper people to rent your estate is a very very very difficult job and I would advise against that, but the building itself will gain value thanks to inflation so keep that in mind. Remember you can show your profits as collateral and get even bigger loan to buy something even bigger if you trust you can make money from it.

I would suggest this; that once the bear market starts, invest part or most of your portfolio into DeFi.
But not rugpulls, something stable and secure like aave or compound

One simple thing what I am similarly doing like you is, converting my profits from altcoins into stablecoins and then waiting for dips to buy more of the same altcoin. Please note I'm trading only highly reputed altcoins so I'm having confident about bouncing back of those coins always. Do not do the same for random coins as they may never get pumped again.

Do not trust any third party services for your money; there are a lot of such services are offering attractive interest but I never listen to them; keep your coins in your computer/mobile because only when you are holding privatekey, those are your coins.

There is no strategy needed to take profits once it's available, you have to get rid of your greed first and you also have to be patience, the whole idea is buy low and sell high but it won't happen instantly, you will have to give it time and watch the market closely, sometimes all you need is just patience

Your topic is really informative about trading. But i want to share my trading style with crypto community.
If i a have 1000$. I pick 4,5 coins for trading and equally distribute my total portfolio in 5 parts. It means that every trade is 200$. And if my picked coin pumped 50%. It means my profit is 100$. then i reinvest 50$ and cash 50$ in my bank account.
In this method, my crypto portfolio and my bank account both are increasing.

I think your strategy is too complicated for new investors, what I advice is simple, take one-third of your investment out when the coin do 3X to 5X and let the rest run to 10X and take more out, by doing this you will have your investment back and sit in profit. For bear market learn how to hedge yourself and short the market, this is where the profit is because they there will be a lot of stupid money still sitting around and waiting to be scooped

Sell for USDT and just keep the USDT until there will be another bull market and then start buying again when the bull market starts. When bear market is here, all the coins are going to dip for months to years and holding BTC will not be recommended.  You will have to watch the market every time because the bull run today might take more than a year actually so don't hurry upon reaching your price target, it may just be the lowest as possible.

You have a lot of strategies, because most of you might be confused about which one to use, I always use a strategy before buying to determine the target to be achieved so it won't be a headache to take advantage or in how long you will hold it
staking or farming can produce bigger returns than stable coins you have to try it but the risk is greater you need to deepen it before investing.
Even if history will repeat, chances are it will not be exactly the same you cant use same strategy over and over, make a new one or follow market condition.

Taking profit is very important strategy on Altcoins. Most importantly also is to know the best time to take profit. Also, cultivate the habit of not emptying your entire portfolio.

After a huge fall in the price of bitcoin,some people had loss their trust on bitcoin. It's especially for the new investors and traders.Take this as a advice. The price is just a number, if you inverse on bitcoin and hold over a period of one year. Their may be a miracle happens. So holding is essential one in bitcoin to get profit.

If indeed your country already has government regulations on virtual currencies I think it is an opportunity for you to take cash loans from several banks with collateral using (BTC and ETH). at least the loan that you take can be used as capital to trade in altcoins which have low prices. and that you can do if in your country there are regulations from the government regarding virtual currencies. I think it is a brilliant idea for you to share

When alt season is running why don't you take the chances. Investing money into alts and convert them into USD when alt season is over is a good idea. This will increase your portfolio but my suggestion will be looks for the long run. For the long run BTC, ETH, BNB, DOT is the real deal and this could give your more benefits than other alts so far.

This is the safest way(holding BTC) at least but the least profitable route along the span of time.  Taking advantage of the altcoin surge brings more profit than holding Bitcoin in a long term.  Diversify and never stop trading to maximize the potential profit.  Investing only in Bitcoin and holding it for a long time means you are sleeping your coins while waiting for the possible profit of BTC to doubles or triples its value in the future.  But investing (short term) it on different altcoins (as long as you don't get busted) can give you a possible profit of more than 100x the profit you take on just holding BTC.

but a trader and investor sometimes cannot be that easy. They plan from scratch but when the market makes them greedy they will forget all the planning they made.
panic feelings sometimes save us from difficult situations. because we can sell or buy assets according to the plan we make and do not expect more.

This is the common dilemma of crypto traders why the majority of traders suffers a huge loss due to greediness on taking profit. Taking profit the ultimate goal why people wants to trade so taking some in to a fiat not bad even the price continues to pump after you convert. The price will correct soon and you might re-enter. The only strategy that you should is to take profit in part.

I make it simple for you. When you want to take profits from your altcoins, you can take profit in bitcoin and hold it. You do not have to take profit in stable coin or usdt because you can not see the increase of the value in usdt instead, you can sell your altcoin using pair bitcoin. But if your reason to sell your altcoin in usdt is that you want to buy bitcoin in a downtrend, that can work if the downtrend happens. But I prefer to profit in bitcoin, so when the bitcoin price increases so high, the value of your stable coin will also increase. But that is up to you.

Taking profit during the altcoins season is the best choice, because if the season is over, we will see a lot of coins wasted and experiencing a downturn, and in the end only coins that are stable will dominate.

I suggest taking profit when alts season comes because when it is over, their prices will go down and Bitcoin will again dominate the market. And wait for bear market again because all coins will be definitely at a bargain sale that time including Bitcoin.

Longterm is a relative period, It is not the smartest decision to hold coin through the parabolic market of bullrun for another time. Taking profit as such period is to reallocate fund to buy from the dip and have bigger position. Technical Analysis should have been the best tool to determine when to take profit but it has so much dissappointed to pick the peak of the market and allow exiting early. I prefer a staggered form of taking profit all through the market to buy into other coins and stable coin

I agree, you're doing a lot of things and putting yourself into more complicated things which you can simplify it. You're going to miss a lot if you're putting it on stable coins and you're going to put that on blockfi or any of the same.
You're not thinking of a higher risk that your funds might be compromised because you're not the one who holds it. Instead of getting it into stable coins, use it to buy bitcoin and hold it on your own.

All users from the United States should avoid making many profitable trades in digital currencies and content themselves with trying to make losses, but with Bitcoin since many profit-making operations are taxed.
If you do not calculate your taxes correctly, 40% of these profits will end up zero.

Your strategy is complicated. My suggestion is to stick to a simple strategy: buy bitcoins and hold them for the long term.

As for the tax questions, As a citizen or resident of the U.S., you must pay taxes any time you convert a coin to dollars or another coin. There are no tricks that can avoid it or delay it.

If you want something like 5% interest for a month or so, you can try something like yield.credit. It is a P2P lending platform running on Ethereum for now, so you don't need to rely on a centralized party (but you have to rely on smart contracts and stuff like that). It is definitely a risky play, so I don't suggest using all of your money for that. Diversify for a bit and select or create offers that match your risk profile. On top of that, it is full P2P for now, so you have to manually find and accept a borrow request. It definitely has some issues but if you can get a deal on it, you can get decent profits.

Why not both? Diversify your profits into several bags so you don't have to rely on a single asset.

I will try to help you.

I think the main problem with your strategy is that you have already traced what will happen in the next few months:
Altcoin season, then you take profits in USD, then it comes a bear market, you will put in blockfi.....

You need to consider different scenarios, as we don't know if we are even going to have an altseason like before, or even a so hard bear market. Are you ready for a different scenario like a Bitcoin bull run and altcoins losing even more value?

Doesn't make a difference. But you can take your profits in bitcoin. I believe that you have profit in altcoins only when you have profit in altcoin x BTc ratio.


I think it is too risk to put them in any lending plataform. You will gain 5-10% per year... that is very little in comparinson to 1000% gains bitcoin can still have in the next years, and you risk losing it all.


Certainly. Bitcoin has better perfomance in long term compared to altcoins (in general, few random exceptions). I would consider keeping a hug amount  of bitcoin now, at least 50%. Even in a bull market, as altcoins usually lose in AltcoinXBTC ratio in long term.


It depends on your country regulations and laws. In Brazil you don't need to pay taxes if you sell less than 5k USD per month. Additionally, if you are just holding in the bear market you don't have to pay any tax.

Dont worry about taxes in the bear market, just try to survive.

I am looking to take some profits on my altcoins after the next big pump. Need some advice if my strategy is good or not. I'm based in the US.

1. When I start to take profits from my altcoins do I just sell them on the exchange for dollars and then buy stablecoins with that? Or do I somehow trade the alts for stables? Does is matter since selling or trading them are taxed for capital gains regardless?

2. Once I take the profits in stablecoins, is putting them on something like Blockfi to gain interest the best thing to do while I wait for another dip to possibly reinvest them?

3. Once the bull run is over I'm most likely going to keep all my bitcoin and probably most of my Ethereum. I'll sell most of my alts for stablecoins but keep small bags of the ones I want to keep through the bear market. Is this a sound strategy?

4. During the bear market is taking a cash loan using my crypto as collateral (BTC and ETH) a good way to defer capital gains taxes? Won't I have to pay these taxes eventually? I know there are drawbacks to this strategy but it seems like a lot of experienced people do this.

5. After the bull run should I just put my stablecoins in something like Blockfi during the bear market? Or is cashing out to dollars and investing in something like real estate a good way to defer capital gains taxes?

I know these are a lot of questions but any advice is greatly appreciated, this forum has been extremely helpful for a noob that has been in the space for about 4 months now. Thanks!