Post
Topic
Board Altcoin Discussion
Re: At what point do you sell your altcoins?
by
SOKO-DEKE
on 21/07/2024, 20:27:25 UTC

You are in Bitcoin of course you are not going to get 5-10x return, u will be lucky to get 2x from current price.

It is very possible that you can even get more than 10x, as long as you hold onto your Bitcoin investment for a very long period. Let’s imagine those people who had the opportunity to invest in Bitcoin early, when Bitcoin was still at $100. How many times do you think those who have not yet sold their Bitcoin by now have profited? So, it is very possible to make a lot of money from Bitcoin investment. However, the truth is that you need to be ready to hold Bitcoin for a long period. Making profits in Bitcoin depends on how long you can hold it.

This is why I am in altcoins, I have one that has done 42x, a few that have done 10x and many that have done 3x already and we still have the real euphoria stage of the bull run to come over the next 12 months.

I don't think anybody will deny the fact that altcoins cannot give more than 100x profit within a few months or weeks. However, the truth about altcoins is that they are almost always pump-and-dump tokens. So, altcoin investing is all about gambling. If someone is not lucky enough, they will lose everything they invested. Most of these meme coin projects nowadays in the crypto industry are for scamming people. That is why you need to be eager to make more in the crypto industry by investing all your funds in altcoins. The risk of altcoins is too high. It is not something you can predict like Bitcoin, where you can expect a bull run after halving.

I plan to take my altcoin profits this bull run over the next 12 months and then buy bitcoin with those profits in the next bear market

Instead of investing all your money in altcoins, it will be better to invest a small portion of your crypto budget in altcoins and the rest in Bitcoin. The altcoin that you think may fetch you more profit might end up yielding no profit by December as you think. Don't try to be too clever and end up with nothing later.