Post
Topic
Board Altcoin Discussion
Re: At what point do you sell your altcoins?
by
Yatsan
on 22/07/2024, 16:36:00 UTC
This is where everyone has different risk levels. Some are happy with a 4-5x and I am not knocking that but I want 10x or more and I don't think that is being too greedy in this crypto world.
There are people out there who would be happy with not that high of a profit as long as it is safe. I get it because I would rather not get the highest possible profit if it meant risking losing all my profit so far.
Quote
I have many altcoin investments, some may go to zero, some may only 2 or 3x but some will 10x or more and that is the fun part of it.
One coin is never the same as the other. As the investor you should learn how to manage each one and take advantage of them.
Everything's subjective and dependent with investor's risk appetite if I would be asked. Desiring for high profit is not a bad thing because it is either they just believe that much with a project or coin's potential which pushes them to wait for a little longer. Same goes with those who are just wanting to earn a small multiplier on the amount they have invested. Eitherway would be fine as long as you can embrace the consequences of your decisions; selling too early and holding for too long. Profit would be missed on these tendencies and the moment you made a decision whether to hold or sell already, you should be removing this idea to your investment. You may learn from these "mistakes" if you would want to.

Personally I'm good with a x3 with my altcoin holdings especially with newly introduced projects. But with major token holdings in my bag, of course I am expecting for more.