Topic: When do you know its time to sell your altcoins? - page 54. (Read 8153 times)
Well it really depends if you are satisfy to your profits. One thing is for sure don't sell it under value or below ICO price because you will get a loss. Hold it until you have reach an amount wherein you can sell it to a profitable size. TIPS: buy always when it is low so that you can sell it later when it goes high.
In life generally, it is not good to be greedy and this also applies in crypto because it can ruin or cause lot of loss. You should be able to strategize well on how long you want to hold your coin and when you a coin that the price has risen to a reasonable amount and you know you will make big profit if you trade at that price, I think it is better to sell it and you can re-invest in the coin later. It is good to know when to sell and when to buy in crypto to avoid loss.
To sell or buy you need to learn, you need to learn how to choose the right time depending on the drop in bitcoin, because now a lot of projects follow the price of bitcoin, this has already been proved by many analysts.
Just wondering if ya'll have a typical formula you go by or a certain X percentage profit or loss.
I've been playing around with coins for just under a month now. $23750 total investment and currently up just under 10k in profit. One of the coins (IOTA) has gone up about 288%. Obviously it would suck if it crashed but it would equally suck to sell if it continues to grow.
Just wondering what a lot of you folks do. I'm considering investing another 25 or 50k into coins. Ideally I'd like to net 15k a month off them but I know that may not be realistic on a monthly basis.
I think the trend will be different every time. For example, you would realistically expect 30% in April, but not in May. So I think we should be more observant to see the situation to determine the target. I've been playing around with coins for just under a month now. $23750 total investment and currently up just under 10k in profit. One of the coins (IOTA) has gone up about 288%. Obviously it would suck if it crashed but it would equally suck to sell if it continues to grow.
Just wondering what a lot of you folks do. I'm considering investing another 25 or 50k into coins. Ideally I'd like to net 15k a month off them but I know that may not be realistic on a monthly basis.
You could follow your instincts or the charts and predictions.
It's also safe to have a profit and loss limit. Capital preservation should be your goal.
It's also safe to have a profit and loss limit. Capital preservation should be your goal.
The best time for me to sell altcoin is when its price goes up and brings me profit. Need to choose a suitable time without being forced prices. The electronics market has fluctuated at an erratic pace. So if you want to sell high, sell immediately.
Do not be too hasty to sell if you know what you are doing. If the accident is near, and you can read the chart then you do not have to sell now and pay close attention for the time if the value of the coin keeps growing. if you trust the project and you want to survive for the long term then keep it even if things are going down at once.
Everything is simple, I take the most promising coins for one price and sell them when the price of coins has increased several times!
It can be very easy to enter a trade but to know when to exit is the hand part. Different kind of emotions comes into play. Anxiety of hoping for more profits even after in some reasonable profits, fear of losing your profits, etc. At the end it's your past experiences that will help you decide what's best for you and suits you.
From my experience, I have learnt the hard way to take some profits (if not all) when a coin has done beyond my expectations and absolutely well in gains.
From my experience, I have learnt the hard way to take some profits (if not all) when a coin has done beyond my expectations and absolutely well in gains.
For me, a 100% return is a cap after which I sell 50% and keep on holding if the price goes up further.
I thnk you must have a strong strategy, when exactly you must sell altcoins or that must be some bad or good news for it. Sometimes simply need money.
Personally I have one strategy, own. I stipulate all conditions and events before investing and then follow the procedure. Very convenient and eliminates panic.
you should sell your Altcoins if the price is above your ICO price it is greed for keeping it for so much gain,even when the price is five times more what they buy so investors are still holding
Words are no boy but men. Yes, greed is the main dangerous for investors. With such volatility and manipulation on the market the most smart is to define own sufficient income. And it must to sell on this level notwithstanding the circumstances
you should sell your Altcoins if the price is above your ICO price it is greed for keeping it for so much gain,even when the price is five times more what they buy so investors are still holding
For what would backers decide get rid of tokens getting considerable costs? The holdings will go upwards in a short while and possibly reach over ATH.
If you buy your coins within the last three months, then my recommendation for you is this - keep them for at least 4-5 months. Time for their sale has not yet come.
Depends on what kind of a coin it is. But usually I sell coins when the price has increased by 25% or more.
That's right like don't be too greedy instead set a target price and sell. And if you think that the pump will continue you can still buy back and from this you already gain and will have more profit sooner. Just follow this and you won't regret any of your decision. Always be certain in holding because holding too long can also give you losses.
Depends on what kind of a coin it is. But usually I sell coins when the price has increased by 25% or more.
The best time to sell my altcoins is not in the red market. I will prefer to keep it for holding. The right time, in my opinion is during the green market. Whatever the condition, selling the coin when the price has been higher than the first rate will be profitable. Hence, just ensure that I will discuss and analyze the coin that I hold.
the "formula" that i usually use is mostly looking for at least 20-30% profit whenever i invest in an altcoin. but that is not set in stone and it changes quite a bit.
for coins that are hot and are getting pumped pretty hard, i aim for a higher percentage and for those that are not so hot and have little potential of pump i aim much lower. it is of course depending on the market and the situation too. sometimes coins can get pumped real hard but other times they may have harder time even having a small rise.
for coins that are hot and are getting pumped pretty hard, i aim for a higher percentage and for those that are not so hot and have little potential of pump i aim much lower. it is of course depending on the market and the situation too. sometimes coins can get pumped real hard but other times they may have harder time even having a small rise.
Agree, it is true that its tough of when to sell our Altcoins in a right time moment because of prices is fluctuating that even you set a price limit still it is mostly difficult to hit. For me it will be time the to sell my Altcoins if i really need money for spending in which i will sell the most highest earning but if i don't need money i will hold it as long as it was always healthy in the market.
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