Post
Topic
Board Altcoin Discussion
Re: At what point do you sell your altcoins?
by
bitgolden
on 20/07/2024, 17:51:02 UTC
Have you been in altcoins long?

4-5x is great yes, but you will be surprised how quick they can go from 4-5x to 10x or more.

I use my example with Kaspa again, I bought at $0.02 and I sold all of mine by $0.10 so that was a 4x for me but it is currently $0.18 and many are saying it will reach $0.50 minimum over the next 6 months.

I got a 4x selling at $0.10 but would have got a 25x if I had held to $0.50 over the next 6 months. That is a massive difference in returns and one of my regrets selling too early.
They "can", but how many does? You think that 4-5x is great, but you are forgetting that 90%+ of the market goes down, because you see the ones that go up. There are literally a dozen new tokens every day that you do not hear, all goes to zero, when you hear one that does 4x, remember that there were nearly a hundred, or maybe two hundred, that crashed to zero between the last 4x and next 4x.

So, while I know that if a token goes up 4-5x, it could be easy for it and could look like it was easy, and could be very quick, and then could reach 10x by the end. I also know that its a 1% or less chance for me to find one that will do that. It means that if I make 4-5x or so, I am getting out and that is a good enough goal for me, I do not need anything else at all.

I believe that we are going to end up with much better results, its going to be simple enough to just avoid further bloodshed if I want to just keep with my profit. Trying to make more and more, usually doesn't end up that great for me, and I never understood the logic of it neither, so instead of that I try to make sure that I am dealing with something that's much simpler, meaning that if I make a profit, I just get out in the end quickly.