Hi all, I would like to understand how to calculate the potential of an altcoin in order to understand when it is a good time to sell it.
In my specific case for example I bought INJ in December and now the profit is about 600% .
Should I compare INJ to an existing well established similar altcoin (if they exists) to understand its potential?
I know I should set in advance a price when starting to sell, but this could be 100%, 200% etc of profit but which to choose?
Thank you.
No, you cant really make all coins to have the same potential when it comes to price because each of them would really be getting different approach by the community which simply means
that price can be determined basing off into the demand itself.
If you did make 600% already then it isnt bad to consider on selling off those for securing those profits that you had made.These chances are really not common when it comes
to altcoin yet tendency of hard correction is likely.
Setting out specific level of gain and selling it off will really be varying on someones risk management because not all would really be having the same input or views
towards its investment.