Post
Topic
Board Altcoin Discussion
Re: What to do when the value of your coins starts going up dramtically?
by
~V~
on 10/08/2017, 21:42:16 UTC
It is good to see the value of your cryptos going up, but be aware that as the price goes up, so does the number of people taking profit, and if you take a long time to sell, the profit can be much lower. At worst you can even go out with a loss.
The right thing to do is to define in advance what your upper limit is, where you are going to take your profits. If you do this in advance you will be less likely to act emotionally when your crypto is reaching high values.