Topic: When will you sell your alts? - page 3. (Read 1252 times)

Patience is the key for achieving muti fold profits here and I have learnt it through my experience that never sell altcoins for loss unless you bought them at their peak. I usually wait for the bullrun or the period where it's value crosses more than 2x and sells it right when it starts to drop post rally.

The only regret I have right now is the investment I have made in Cardano 3 years ago and still couldn't achieve breakeven.

During a bull run, I aim for a 5-10x overall gain and take profits along the way. I still hold a few altcoins for a shot at 30x, but I try not to get too greedy. The key is sticking to the plan and not letting hype take over though market seems too extended.

I believe Alts have the potential of doing multiple x's this period, especially after Trump is being sworn in as the President of the United States of America, remember that he has included lots of crypto enthusiasts in his cabinet. So expect some pumps in few weeks time and don't forget to take profit when you see them.   

well, under normal circumstances, I will also sell some percentage of my altcoin assets when the price increases several times, even when the price has increased 2x, I will sell some of my altcoins, and maybe buy other potential altcoins. However, in a pinch, I might sell my assets even at a loss. However, most of me hold popular altcoins like ethereum and BNB, and sell them when I feel it is profitable enough

Thanks. I generally believe that most altcoins are a hit or miss. I've had most of those for quite a while, some are over one year old and acquired through Binance's launchpool, thus, I haven't actually spent any money on them. From what I've encountered, sometimes it's way more likely to achieve major returns when a coin is during prelaunch or when it's relatively new. For instance, I bought a few dollars worth of PEPE just for fun, for the sake of buying. I don't support the coin but it seems that these meme coins are massively driven by hype. I spent $5 at most, and they're worth approximately $40 now. Imagine what would happen if I had spent a major amount of money.

Bull season of BTC goes to the alt season, and usually from here, it goes into the meme season.
Then it all begins anew.

For altcoins I prefer holding for a few years, and selling after gaining profits before the start of a new bear season and repeat the process again because most altcoins I invest in are actually Altcoin that doesn’t have value and hope they grow during bull market.

It is not impossible to determine altcoin with great potentials to grow in future but it takes a lot of research and effort especially because there are a whole lot of them in the market so if you are not being careful you will end up investing in the wrong coin. You need to do a thorough analysis and research on any coin before investing in it, there are also a lot of scam coins which can not be differentiated by easily looking at them that’s why you need to be very careful with alltcoins.

I wouldn’t advise people to hold altcoins that are have not proven to be worthy and capable of retaining their value after going through the bear market for a very long time because they might lose all their gains and even capital as well.

That is why I pile huge columns of buy and sell offers all the way up and down.

However far up it goes it means buying from more and more of my higher and higher sell offers, then when it dips if I have been noticing the rise and respond to it by using the proceeds to build my column of buy offers upward following the rise I will be buying back more and more of what I just sold, cheaper and cheaper and cheaper.

Then if I have noticed the dip and followed it downward using the proceeds of the buy offers that just got sold to it doesn't need to climb far before it again starts having to chew through my sell offers in order to rise.

Thus both ups and downs are profitable in terms of the pair involved.

If both sides of the pair go down relative to something else, such as fiat, that just means it is not a good time to use either of my pair to buy fiat with until fiat dips back down relative to one or both of my trading-pair.

The buy-side of my trading-pair is usually bitcoin or HZ or Stellar Lumens.

When it is bitcoin then I particularly don't have to care what fiat is doing since bitcoin is always good to have and long term will almost certainly eventually rise faster than fiat.


-MarkM-

Okay lets talk about on the current condition in the market now on which everything is dumping specially that Bitcoin is making up some -5% drop for this day but pretty sure that there are tons who do freak out specially that it will really be dragging out the whole market down too. If we do tend to look out whether with those top ranking alts or with those low ranking too on which there's really that significant correction that we are really that experiencing as of this moment. If you are not a long term holder then you had just that missed out on securing your profits since the market had corrected, but somehow if you do look up these dumps then there are the sweetest time on accumulating more or making up some DCA method on which this do really works anytime but of course it will be that basing up into the coins/tokens that you are investing into.

When you do sell your alts? On the time that you are already in greens and able to hit up that desired profit then its always been advisable that you should really be taking up profits on which at least if the price do make out some correction or reversal then at least you had been able to make a good call with your position. The main hindrance on why people do keep on hesitating on doing such action because they do wanted more to wait up and sell out into those peak prices on which we know that this is something that cant be predicted on which this is something that you must consider everytime or on the moment that you are on such situation.

It is very easy to determine especially when you are not sure of what will happen next in the market and there are some altcoin that can actually be selected to do very well but when they are not careful selected then there will be issue because if you want to go for an 100 x then you will have a problem with the management and selection of coin no matter how bad those altcoin are they are still not that bad because there are people that invest in altcoin and they are making good profits.

This as to do with everyone's seriousness and how determined we are to make profit we be the hudge of that because many of us lack understanding of how to make use of the market we think it's always bitcoin but altcoin have there own investors and there are people that invest in bitcoin and the same time also invest in altcoin and it does not change anything, we know altcoin have risk but there are altcoins that also have a high chance of given a better profit even than bitcoin because the quantity acquired is going to be better than when you want to invest in bitcoin because of funds.

Alt season is still on the way, this is January, between the period and February Alts won't make any significant growth, but I'm guessing from March and April the pumps will start on Alts. 

You've done well for yourself but let's be clear, if you are sticking to those you've initially bought that are earning the decent multiples for you, then it's good, but if it is another new investor who is just trying to make money from the market and still expecting as high as x3 or x5 in this short time remaining, then that is not going to happen. We have too many altcoins not to make such view feasible.

Are you sure? Things are changing, altcoin season may never come again with the way things are unfolding. Let's enjoy it the way things are now.

Obviously, the targets would be probably reached during the heights of alt season, and it would come after Bitcoin reached its final leg in this bull season. We are yet to witness that in 2025, so, there is more time to accumulate / patiently wait.

I am actually not a big fan of holding alt, especially for a long time, I prefer buying during a dip, once their is a slight increase in value I sell off and move on, and when doing it, it's more of a calculated risk too me, but right now the only alt coin that is in my possession right now is popcat, I still haven't sold it yet because it fell from $1.01 that I bought it to $0.83 as at this morning, I only risk $100 dollar on it, so am not that bothered because like 96% of my portfolio is in Bitcoin, the 4% I risk in popcat is an amount am willing to lose.

But talking about the bold words in your write,  I think that 30% profit is quite ok for me because being too over greedy while dealing with alt or meme coin can be very dangerous, so it's best to thread with caution.

Honestly this has to be about the alt, and not with you all that much, or maybe a bit about both. Some alts peak and when you realize it peaks you could sell it, and when you make enough money according to you, you could sell it too. So there is no single correct answer to this, you could do fine or you could do terrible, in the end what matters is that you are going to end up with a good result one way or another.

I believe the best way to move forward would be just focusing on how to do better, and for that reason I believe that we are going to end up with a terrible result, so do not be worried about that, just do what you already know and you could get a good return, and you could make some good profit with it as well.

Selling will be done when the target we have previously designed has been achieved, therefore we will make sales, but market movements cannot be predicted, but when we already have a plan, although sometimes the plan can change in the middle of the road, but it is necessary and sales can also be made depending on market conditions, therefore we must continue to monitor and research the altcoins that we have invested in

Basically, selling alts and going into fiat would upset me a lot, that would not be something I would be willing to do, but I understand when it is selling all of them and going into bitcoin, because that looks like a good idea too.

Maybe I could even do that, I am not so sure, not doing it right now, but looking where bitcoin is right now, it is easy to say that we could make a 50%+ ROI this year if we do that, and that is not that bad, you would have to get out at some point when it peaks or there abouts, because if you wait until the end of the year and hold, eventually it will start to go down and maybe would go down under 100k again, so it would be smart to wait for the peak and see where the all time high is and get out as close as possible.

The price of many of these altcoins are not really stable and I don't think it's a good time for us to sell our holdings. Keep holding , maybe untill the price of Bitcoin hits 150K. I know very gambler knows what they are really wants but it is better we become patient and try to hold for a little while, especially for people that have thinking of selling part of their crypto portfolios. The altcoins season is not here yet and we could be seeing some good movement soon when the price of Bitcoin continues creating some green candles as the price set to hit 150k before going to 200k.

Not ready to sell any of my altcoin at the moment market is still very bullish currently .Will wait a bit much longer through the new year before making any decision for now the best thing is to wait .

The idea of selling all of them right now doesn't really upset me that much, which shows that I am not really attached to them too much, so it could one way or another work well. I can see why that would feel different to some people but I am fine with it because I do not really "love" any coins other than Bitcoin.

I do have times that I like one more than the other at times, like SOL was the latest one I loved, but that doesn't mean I can't sell it all, I can do that right now and it won't bother me. There is no real connection to them, I just keep them because I think they will do fine and that's the most important part, as long as that exists, I think I can just keep waiting for the gold timing and sell, that's all I care about.