I had an initial investment of 250 on Shib and now it's over 800. Should I sell and buy some other alt-coin or should I hold? Also what altcoin should I buy? Sorry for the stupid newbie post I'm just not optimistic about Shib since it's a poop coin haha.
$550 profit on a meme coin, you are one of the lucky ones and you should exit as soon as possible because meme coins have no guarantee or the ability to hold their price for long because they are dependent on community hype and will start losing value rapidly once the hype starts getting lower. We have seen how quickly these meme coins start losing value every time Bitcoin corrects itself a little, so it's a lot of risk and you will possibly lose your profits back if you don't sell on time.
Sell your tokens and buy an altcoin that has an organic growth mechanism unlike meme coins, you can go for ETH, it has already gone up so much but it will go higher during the bull run for sure.
This is not luck, he I vest money in the project and made profits. The same result we do see with other projects if we know what we are doing. Bitcoin has been going bull and many people holding it has been making consistent profits from their holdings.
Same thing fall to altcoins and we can make more if we have huge capital that will help us to keep earning.
Crypto is a good way to put money and make profits without much time.
An altcoin investor can still make a fortune with his small capital with an efficient capital management strategy. Many new investors will be surprised to hear if i say it is possible to increase your portfolio investment by 30k with a principal capital of 20k. Yes, it is possible to do leveraged trading, and there are many dapps that can be used to do this. This is called capital management and it can be extremely profitable in a bull run if taken care of correctly. But beware of high leverage as your position can be liquidated.