Bitcoin Forum

would u trade ur alts after getting rich off the alt coin for another alt coin. let's say u make sum change off neo coin and now want to put ur bags into skycoin. any body? changing minds?

crypto is addictive, almost like gambling.
In fact, it is the same with all investing.
Once you are ahead, you want to keep the ball rolling and maximise your profits even more.

But that is where everyone makes their mistake.
By continuosly investing and reinvesting, you just keep the wheel turning endlessly without taking any actual money home.

At the very least, you should sell off to make back what you initially invested.
After that, what is left you can freely trade without worry of "losing".
But it is very important to have quarterly and yearly goals where you cash out.

Otherwise you will just be eternally stuck in the game.

of course it will happen, even though it has enough profits, it is not a matter of being wrong in selling shares for other altcoins, of course to get other benefits, there is no need to stay in place, enjoying what you have gained but not moving into a better future is a mistake

Yep if I think that the coin already hits the top and the next thing for that alt-coin is to go down or maintain it's price.
I would move my money to a new alt-coin that I think would have a pump in the next couple of weeks or month.

isn't it what literary everyone does?!!

any trader with half a brain would do exactly that. you invest in an altcoin that is about to get pumped, then as you reach your profit targets and also speculate the pump coming to an end, cash out of that altcoin and take your money out so that you can have it ready to be invested in another one to do the same thing....
do this over and over and increase your wealth.