Topic: When do you take out your investment when in profit? - page 4. (Read 952 times)
I can only have peace of mind to hold any cryptocurrency for a long time if it's Bitcoin, perhaps a very few top altcoins like Ethereum. For others I'd have a time frame to sale, especially if they pumped, I'd sale the worth of my investment capital and put it in Bitcoin, then I'll leave the rest there and if it pumps withing my time frame again, I'll still remove and reinvest in Bitcoin. This is because I don't trust most altcoins, so if they diminish in value, I'll not be I'll not be affected. Instead of leaving all my money in one altcoin, the moment it pumps, I'll surely remove my capital, either reinvest it in Bitcoin, or look for another altcoin to buy, the idea is not to have too much investment in one altcoin.
Well, we all have been too optimistic about the upcoming years because we believe that bull season happen again after halving.
If you have the guts and have a strong belief that your altcoins will pump more, then make a decision to hold and wait for its peak but if you feel some doubts, you'd rather sell and take the profit. If you ask me, yeah, I did this multiple times and reinvest my money in known coins as this will give me some assurance that it will pump when the bull season comes unlike some altcoins we were expected to rise but it dumps.
We should be smart when choosing the coins to hold long-term otherwise, we are just wasting our time waiting for nothing.
If you have the guts and have a strong belief that your altcoins will pump more, then make a decision to hold and wait for its peak but if you feel some doubts, you'd rather sell and take the profit. If you ask me, yeah, I did this multiple times and reinvest my money in known coins as this will give me some assurance that it will pump when the bull season comes unlike some altcoins we were expected to rise but it dumps.
We should be smart when choosing the coins to hold long-term otherwise, we are just wasting our time waiting for nothing.
Emotions run high when trading, it’s important to check one’s own emotions when making trade decisions. In your case, it’s obvious your greed is driving you to want more profits. When in a winning position, traders often lose their fear of losing and become overconfident in their trading plan. You forget altcoins are volatile and are often not worth hodling for long term.
A lot of my altcoins have pumped over the last month or so and it has got me wondering when the best time is to take out initial investment.
Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?
My best investment so far has been Myria - I got lucky with this one and bought pretty much at the bottom a few months ago and I took my investment out last week once it did a 10x so I am now holding a bag of Myria with no risk.
I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.
What does everyone else do when it comes to altcoins?
Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?
My best investment so far has been Myria - I got lucky with this one and bought pretty much at the bottom a few months ago and I took my investment out last week once it did a 10x so I am now holding a bag of Myria with no risk.
I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.
What does everyone else do when it comes to altcoins?
It really depends on you, if you wanted to take profits then why not? So good decision on that 10x, that's already a huge profit and don't regret your decision. Because there could be some who sold at that profit and then thinking that they could still make more money if they hadn't sold.
As for the other altcoins that you are holding, if you are not satisfied by it with that 4x, then hold.
Although I would say that we are not in he bull run yet, so perhaps for experience investors, they are not going to sell even with a 10x, just saying.
They are going to HOLD and accumulate more and wait for the bull run next year or new all time high prices. Best of luck to your decision though.
It should depend on the projects potential. If its a new project then it can be a bit risky as the community will be small and there is a chance that the whale investors will try to manipulate the price. Most of the time you can be profitable if you invest early but if you don't know how to deal with new token then it will be better to avoid this kind of project. Major altcoins are less risky but its growth has a limitation because they already have billions of dollars in market capital.
A lot of my altcoins have pumped over the last month or so and it has got me wondering when the best time is to take out initial investment.
Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?
My best investment so far has been Myria - I got lucky with this one and bought pretty much at the bottom a few months ago and I took my investment out last week once it did a 10x so I am now holding a bag of Myria with no risk.
I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.
What does everyone else do when it comes to altcoins?
Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?
My best investment so far has been Myria - I got lucky with this one and bought pretty much at the bottom a few months ago and I took my investment out last week once it did a 10x so I am now holding a bag of Myria with no risk.
I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.
What does everyone else do when it comes to altcoins?
It really depends on you, if you wanted to take profits then why not? So good decision on that 10x, that's already a huge profit and don't regret your decision. Because there could be some who sold at that profit and then thinking that they could still make more money if they hadn't sold.
As for the other altcoins that you are holding, if you are not satisfied by it with that 4x, then hold.
Although I would say that we are not in he bull run yet, so perhaps for experience investors, they are not going to sell even with a 10x, just saying.
They are going to HOLD and accumulate more and wait for the bull run next year or new all time high prices. Best of luck to your decision though.
If you plan to invest in a coin for a long period of time and hope for high returns, this may be the highest risk for you. Because if you don't follow the website and various aspects of that project and can't analyze the market, then of course you are likely to get scammed by an altcoin. So you need to consider and think about such things before making long term and short term investments before you can profit. If there is a profit when you invest, but if you wait to get more greedy, your money may go down the drain. That's why you have to think deeply and sell your investments according to the call. It depends on your personal thinking.
From my perspective, the decision of when to take profits from an investment is a personal one that is impacted by my personal financial goals and investing strategy of choice. It is also essential to set fixed profit targets and take into factors like the state of the market, the reason for the investment, and changes in your own finances. And its better if you regularly reevaluate the portfolio and make decisions based on pre-established criteria instead of emotionally responding to temporary changes in the market. If you’re in doubt, consulting a financial adviser would be recommended.
And also, if you are already satisfied with what you earn, just collect your profit.
Being blinded by the amount of money you get and expecting to have tons of it in another round of the investment and did not receive the same profit you gain from the previous transaction, well it can lead you in dismay. So maybe, just be thankful for the luck that has been given to you and have a self-control especially when your gaining so much profit.
And also, if you are already satisfied with what you earn, just collect your profit.
Being blinded by the amount of money you get and expecting to have tons of it in another round of the investment and did not receive the same profit you gain from the previous transaction, well it can lead you in dismay. So maybe, just be thankful for the luck that has been given to you and have a self-control especially when your gaining so much profit.
I don't know how other people proceed in this situation, so I will present what I do in this kind of situation. When I double the amount of money I have invested, I will focus on withdrawing 50% from it, or you can say the main amount that I have invested. Then I will use the earned profit to invest more. This way I can keep the actual amount that I have invested from my own pocket and then continue on investing using the profit I have made from that investment.
More investment equals more profit but if you want to be on the safe side, you can use this method. He can also use the actual amount that you have taken from your investment and then reinvested into something new. Because as people say, diversification is the key.
More investment equals more profit but if you want to be on the safe side, you can use this method. He can also use the actual amount that you have taken from your investment and then reinvested into something new. Because as people say, diversification is the key.
The truth is there is NO best time or accurate time to take out your investment once you hit profit. If you're the type who always gets their hunches right, then you should stick to what you feel. If your mind tells you that the your trade will still gain more profits, then you keep holding your investment. If you're uncertain about it, then you should probably take out your investment. The key is to avoid losing what you invested so like I said, if your hunches are always right, then follow it.
A lot of my altcoins have pumped over the last month or so and it has got me wondering when the best time is to take out initial investment.
Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?
My best investment so far has been Myria - I got lucky with this one and bought pretty much at the bottom a few months ago and I took my investment out last week once it did a 10x so I am now holding a bag of Myria with no risk.
I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.
What does everyone else do when it comes to altcoins?
You have asked a similar question in the bitcoin discussion board. I just took my time to revisit your question and it is so identical. Why repeating same question in different boards? This can be regarded as spamming. Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?
My best investment so far has been Myria - I got lucky with this one and bought pretty much at the bottom a few months ago and I took my investment out last week once it did a 10x so I am now holding a bag of Myria with no risk.
I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.
What does everyone else do when it comes to altcoins?
Let me give you benefit of doubt that the question in the bitcoin discussion board was meant for your bitcoin investment while this is for altcoins investment.
If you invested in an altcoin and already in X10 profit, what again are you waiting for to sell. I am just so scared that I do not invest in altcoins, but if I have a legit information about any altcoin, I may change my mind and invest. X3 is a very huge profit I mean.
Although, altcoins investment is just like gambling, the reverse can also happen. That is the reason I have sticked with bitcoin.
I also prefer to stay away from altcoins because of my bad experience. X10 profit says @JamesDaniel90, heh. I probably got -X10 or even higher.
X2 is already good.
Altcoins's analogy with gambling is spot on. That's why I prefer not to get involved in these dubious games.
By the way, it seems like it's high time you updated your rank.
A lot of my altcoins have pumped over the last month or so and it has got me wondering when the best time is to take out initial investment.
Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?
My best investment so far has been Myria - I got lucky with this one and bought pretty much at the bottom a few months ago and I took my investment out last week once it did a 10x so I am now holding a bag of Myria with no risk.
I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.
What does everyone else do when it comes to altcoins?
take your investment when it has yielded a reasonable amount of returns.Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?
My best investment so far has been Myria - I got lucky with this one and bought pretty much at the bottom a few months ago and I took my investment out last week once it did a 10x so I am now holding a bag of Myria with no risk.
I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.
What does everyone else do when it comes to altcoins?
Don't be greedy in waiting till you get 10x your initial invested amount. To be on a safer side, depending on the strength of the Altcoin you're holding, take the initial capital out and you can decide to reinvest the profit and maybe gamble with to the best of your ability.
Study the market, sometimes, follow trends, if people ate taking out their investment, join themm, don't allow greed eat you up.
A lot of my altcoins have pumped over the last month or so and it has got me wondering when the best time is to take out initial investment.
Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?
If you are willing to lose the chance of profiting then you can have that way but for me a a practical investor?I am enough to earn at least doubled or a little more from that so yeah never become a greed person there.Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?
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My best investment so far has been Myria - I got lucky with this one and bought pretty much at the bottom a few months ago and I took my investment out last week once it did a 10x so I am now holding a bag of Myria with no risk.
Now your shilling about Shitcoin? then I now understand why people like you losing and same as those people that you have lured.Quote
I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.
What does everyone else do when it comes to altcoins?
onet thing that we understand about this and that is not to let us become like you,What does everyone else do when it comes to altcoins?
HAHAHA I am not losing mate I am in profit.
Basically I would consider first the potential of the project, if they have enough value in the market and chances of growing and getting better are higher then I will find it a little convenient to hold for more time even after getting x4 of my investment but will always check on my investment daily so as not to miss the opportunity of selling out as most later end up in a bad state.
If it is then any memecoin or shitcoin as soon as the first pump begins I sell within the line when I feel convenient selling because as soon as the pumps end their is every tendency of the project dumping and getting rugged. I would not mind if my profit is X3, X4 or what ever.
If it is then any memecoin or shitcoin as soon as the first pump begins I sell within the line when I feel convenient selling because as soon as the pumps end their is every tendency of the project dumping and getting rugged. I would not mind if my profit is X3, X4 or what ever.
A lot of my altcoins have pumped over the last month or so and it has got me wondering when the best time is to take out initial investment.
Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?
If you are willing to lose the chance of profiting then you can have that way but for me a a practical investor?I am enough to earn at least doubled or a little more from that so yeah never become a greed person there.Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?
Quote
My best investment so far has been Myria - I got lucky with this one and bought pretty much at the bottom a few months ago and I took my investment out last week once it did a 10x so I am now holding a bag of Myria with no risk.
Now your shilling about Shitcoin? then I now understand why people like you losing and same as those people that you have lured.Quote
I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.
What does everyone else do when it comes to altcoins?
onet thing that we understand about this and that is not to let us become like you, What does everyone else do when it comes to altcoins?
I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.
What does everyone else do when it comes to altcoins?
What does everyone else do when it comes to altcoins?
Altcoins are very risky as we don't know when they'll crash, if you made profits it would be better you take out your initiative investment so you can use that profits invest to buy Bitcoin or a stablecoin and hold waiting for when that coin will dump in price so you can buy more and expect to make more profits when the price rise again. There's no specific price to sell as you don't know if the coin can go up to a particular price for you to sell and make profits.
What I do when I invest into altcoins and my investments are doing very well is to sell when I see I have made a good profits, some coins I sell at a good profits while others I just barely sell in profits. What is important when I invest into altcoins is to make sure I don't sell when the investment is now in a loss. Altcoins can dump so quick so I try to always secure my profits before the coins begin to lose value by dumping.
A lot of my altcoins have pumped over the last month or so and it has got me wondering when the best time is to take out initial investment.
Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?
I think altcoin is not for long time holding. And profit is made I Dont thing it's necessary to still leave your capital and profit there. Because it's risky and unsafe. If there is any little dip now investors will start selling gradually till it dip below entry point and you will loose your capital and profit. Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?
It is often advisable to always keep away from altcoins because they have the potential to cause loss of fund and if you have guessed privilege to make profit I sugjest you shouldn't be greedy otherwise you regret ever not selling it earlier.
There are some news are circulating in the market and all of us know about it. I am talking about Bitcoin ETF. So if the Bitcoin ETF will pump the Bitcoin so Definitely the Altcoins will pump with Bitcoin. So if you are still holding so I will recommend that you should hold it more because if the Bitcoin will pump so others will follow it.
And if you are holding your assets in exchange so I will recommend to take them out in a wallet. Or if you don't want to do this so you should set a stop limit at entry point it will be good if coin will dump so you will exist at no profit no loss.
And if you are holding your assets in exchange so I will recommend to take them out in a wallet. Or if you don't want to do this so you should set a stop limit at entry point it will be good if coin will dump so you will exist at no profit no loss.
A lot of my altcoins have pumped over the last month or so and it has got me wondering when the best time is to take out initial investment.
Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?
My best investment so far has been Myria - I got lucky with this one and bought pretty much at the bottom a few months ago and I took my investment out last week once it did a 10x so I am now holding a bag of Myria with no risk.
I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.
What does everyone else do when it comes to altcoins?
The best strategy is the one you are thinking on employing, once a coin has presented significant profits the safest path you can take is to take out your initial investment and keep holding the rest.Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?
My best investment so far has been Myria - I got lucky with this one and bought pretty much at the bottom a few months ago and I took my investment out last week once it did a 10x so I am now holding a bag of Myria with no risk.
I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.
What does everyone else do when it comes to altcoins?
This way even if the altcoin you are holding collapsed you will suffer no losses, but after that movement you will have to think once again about the perfect moment to sell the rest of your stash, however if the rest of the coins you are holding are not shitcoins but instead they are some good projects, then I do not think it could hurt you to keep those coins in your wallet and see if their performance is still good during the next months.
My best investment so far has been Myria - I got lucky with this one and bought pretty much at the bottom a few months ago and I took my investment out last week once it did a 10x so I am now holding a bag of Myria with no risk.
I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.
What does everyone else do when it comes to altcoins?
Well for me I am investing on new projects and taken out capital and of course have a moon bag too just in case that token pumped well. Also invest on whats hot but not in the case that I am fomo hard. Sometimes being greedy isnt too good and holding too much as well bad either. We should have a goal or target when to profit and be contended with it. I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.
What does everyone else do when it comes to altcoins?
Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?
Don't be too greedy to get bigger profits because it could actually be the opposite (loss), while there is an opportunity to see an increase in the price of the tokens we hold, we must be able to make the most of it. Unless you make it a long-term investment and can target the expected profits.
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