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.
Doing such thing does not seem as if it is the best idea at least to me, why you want to compare one coin to another when there are many instances in which a coin that is a direct clone of another does really well and the other coin does not move at all? You are asking basically for an exit strategy and I will recommend that you read a few books about it and select the exit strategy that you like the most, a trailing stop loss is very popular and at least to me it seems like the best way for you to keep holding your coins and still keep most of the profits that you already got in the case that coin crashes.