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.
In making decision over an altcoin, you should mostly rely on your experience on it for the best possible outcomes. If you have earned much profit already and the altcoin you are currently investing on right now, exchanging the most of it wouldn't hurt you that much. Just remember to leave some of it on hold so that if ever the value of that specific altcoin suddenly goes up, you wouldn't have much regrets. Since you've been on that altcoin for a while now, it wouldn't be ideal to compare with others that appears similar to it, you can just focus on it and keep updated on the market movement so that you may know if it's the best time to exchange or to buy.