Hy guys. Most of the time I use to trade with altcoins and I use to sell altcoins when they are above ICO price and giving some profit. I do not hold atlcoins for long time. What if you have some altcoins, what will be your strategy to use that coins? Is there any specific best time for every altcoin and when it is going well and we should sell ??
The strategy that I use for Altcoin is a long-term investment. But if the price of a coin can go up higher, I better sell it immediately. Because the Altcoin price opportunity rises sometimes we have to wait long. We must really be able to those advantage of every opportunity that exists. If the price has not gone up and does not provide a better profit, continue to hold it.
Strategy and making use of every possible opportunities are what determine the best time to sell altcoin because most new project coins usually dump in price this when they hit an exchange site so selling asap so ones could buy again will the best strategy but if we're talking about old project which already have hug community support, it better to hold for a long term and sell until ones is satisfy with the profit.