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Topic: When do you take out your investment when in profit? - page 7. (Read 871 times)

hero member
Activity: 2044
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What does everyone else do when it comes to altcoins?
What was you initial goal when you purchased those altcoins? Did you intend to hold for how long or until making how much profit over it? You should have a plan and stick to it. However, if you don't have any, and considering how much progress you have already made you should cashout at least a percentage of your profits, as a guarantee you won't lose the initial investment anymore. Moreover, you can also use part of the profit made through altcoins to invest in Bitcoin, which won't return you x4, x10 profitability, but it's the most assured cryptocurrency to hold without worries of a unrecoverable dump to zero on the next day.

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?
Many investors don't even achieve to double their money through altcoin investments, due to investing in scammy projects or waiting too long to cashout. You have already done 5x in one investment and x10 on another. That is huge! In my opinion, to seek more from this right now is indeed greed. If I were you, I would gather the fruits and prepare myself for the next sowing.
hero member
Activity: 1022
Merit: 667
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The criteria I consider before entering or holding any coin is to first of all check the coin and what my mindset is towards the project,  if it is worth me holding for long term or just short term bases,  this helps me to put timing on my investment and when I take important action inline with the dollars cost average value of the investment,  so for sure if I hold a coin and the price already did a 1x profits merging that means I am already in profits and at that can sell at any time I wish,  so it left for you,  because this is your personal call and you have to decide according to your preference and conditions.
hero member
Activity: 1540
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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's not difficult to make at least X2 or X3 from investing in altcoins, but that doesn't mean you have to TP on X4 or X5. If I were you, I would do TP and look for and research other potential altcoins, therefore I can say that you're too greedy, also remember that altcoins don't have the stability of Bitcoin (although Bitcoin itself is very volatile).
hero member
Activity: 3038
Merit: 634
Just take your profit whenever you think that you're good already. When we think that there can be more profits that is awaiting us, this makes us greedier and the result can be more disappointing when we're like that.

Speaking of my experience, it's best to take profits when you're satisfied. Take out your initial and let your profits on its own. Or take your profits and leave your capital there and let it move until the next bull run comes.

Congratulations if you have made a profit already. Just a reminder to take profit whatever it takes.
member
Activity: 770
Merit: 30
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?
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