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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: kungi on January 14, 2021, 02:33:24 AM



Title: When Do You Take Profit From Your Altcoin Bags?
Post by: kungi on January 14, 2021, 02:33:24 AM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?



Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: WalkerIVIV on January 14, 2021, 05:32:21 AM
i always sold my bag when the bitcoin reached its peak price. I just try to follow the bitcoin's trend to determine when i can sell my altcoin at the peak price. i have sold all of my alts when bitcoin reach 41ka nd then i have been making very good profit consider the price of bitcoin down again to the 32k a few days ago and buy back again.
I will try to move into the coin that i think if it's still dumped coz the chance for recovery will always there.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: aTriz on January 14, 2021, 05:43:05 AM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?


so I messed up. I had 0.1 BTC when Bitcoin was in $14000+ back in October. their USD Value that time was some $1400 or something I think. I invested them in some of top alts in binance. and now when Bitcoin's price is $37,000 today my account's BTC value is dropped to 0.06 BTC but their USD value is $2500 dollars.
now I am totally lost in confusion. I am in profit in term of USD and in lose in term of BTC. I have no idea what should I do. am I really in lose or in profit?


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: cryptoaddictchie on January 14, 2021, 05:48:43 AM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?
When it reached your particular target on gains then convert to stablecoin immediately this is my strategy when I am trading short term period but if I am buying a medium hold tokens then when it become double or more then gonna sell that of course if its already satisfy my gains. Its hard to missed green signal or profits, I've learned my mistake before of not selling when it indeed already have some massive gains cause I hold and watch it drop every time.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: RabbiTANK on January 14, 2021, 06:57:01 AM
Been smart and watchful is very important when you are trying to take the advantage of crypto market, there are some altcoins that will recovers from dumps when bitcoin goes down, just buy such altcoins when bitcoin is down and wait for Bitcoin to recover to sell the altcoin again, there is nothing better than buying low and selling high


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: qory on January 14, 2021, 08:30:50 AM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?

I'm trading Altcoin to Btc my current goal was to allocate more Bitcoins as much as possible I really think the price of the Bitcoin will going above $50,000 before hitting February this is just a prediction of mine.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: LogitechMouse on January 14, 2021, 08:38:16 AM
TBH, I'm currently holding quite a few altcoins as of now.
ETH and ENJ (I don't know why I  hold ENJ :D but ETH..).
MRPH and XRP (I got the MRPH tokens from signature campaigns and XRP I bought some when it dipped few weeks ago).

I personally doesn't have any plans on selling my altcoin holdings as of now for some reasons but I will have for sure in the future. Right now I'm just holding them for dear life and will like to add some altcoin holdings in the future :).


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: KaratX on January 14, 2021, 08:44:35 AM
For me, I am hodling right now waiting and hoping now that the alt season is approaching it will give me double or even triple profit and once that it happen I sell this altcoins to a more stable once such as eth or ripple and then I hold it also.
I'm not satisfied with altcoin gains presently, excluding Ethereum because the only altcoin that brings good returns right now is still Eth, others like bnb, Chainlink, Neo brings fair returns but not close to ETH, the question is why? Not much interest on altcoins right now, Im just hoping this will change in few weeks time...


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: rainingbitcoins on January 14, 2021, 08:46:23 AM
when I have seen price changes I usually start to open to trade at the daily which I have predicted. and it is irregular depending on the movements in the market that I invest in. but for the main results I usually take every 2 weeks or 1 month. yes ,,, never took it directly because of sudden need.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: cryptomaniac_xxx on January 14, 2021, 08:47:01 AM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?


Depends, if I wanted to go full bitcoin then I will shift everything on my alts and then hold. Or if I wanted to invest on other altcoins that I've found good then I will do it. Really up to your decision on what's the best for you in the long run. And I'm sure other traders or investors have this kind of mindset. Of course, it's better to diversify your portfolio so you can do that as well. BTC->ALT or ALT-ALT which fit your strategy better.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: zidanw on January 14, 2021, 10:12:12 AM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?



I was currently more into Bitcoin due to the speculation of how much will it became in the future well
I was trading with Bitcoin to altcoins and not to Bicoins to USD


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: scottsanderman12 on January 14, 2021, 10:19:02 AM
I traded last week only alts.
Expected profit was not reached(


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: akar87 on January 14, 2021, 10:37:50 AM
Still not reach my profit with last altcoin trading before and keep waiting when price raise up above 10% from my first price I will sell, I think enough when reach 10% my profit because I think is very good for me and I like with faster way trading exactly with altcoin, not waiting up above 300% to sell my coin because I think waiting reach 10% is enough and I will looking for and take entry with other altcoin for trading.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: bittick on January 14, 2021, 10:45:34 AM
I traded last week only alts.
Expected profit was not reached(
it maybe you are entering the market at the wrong time.
I have bought ethereum yesterday and got almost 20% return from my initial capital right now.
It's not alts can be bought and the only altcoin that gets plunged to the bottom is really worth to buy,
Just like what warren buffet says buy when others selling and sell when others buying.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: XRiders on January 14, 2021, 11:07:35 AM
Mostly depends on each individual strategy. I used to trade mostly altcoins for a few years now, but I must admit it's quite time consuming and stressful, but it can also be very rewarding. Due to a lot of circumstances that changed in my life, I switched from trading crypto to investing in blockchain projects with strong fundamentals and try to get in as early as possible. Minimum hold time is 6-9 months, I'm aiming for 5x 10x 20x profits. The advantages of this is I barely have to spend time monitoring the market, it's way less stressful than active trading plus the returns can be a way bigger.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: maxreish on January 14, 2021, 11:16:59 AM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?
I don't simply sell my alts when it pump. I mean, I use some technical analysis and have my own goal profit. Setting your desired profit plus relying on indicators is an advantage. You can actually know when is the right time to buy, to cut loss or to make a trading entry. Im

Quote
When you sell do you buy more BTC or Rotate into another Altcoin?

Both.
Like this bullish market of bitcoin seems still continuosly pumping but I tend to sell off some of my btc holdings and I rebuy it when it went down 25% recently with the other altcoins who followed the corrections, too.

Here are some article and threads that may help you determine the right time to sell your altcoins;

- https://medium.com/@cryptomood/altcoins-how-to-tell-when-to-sell-ff4704687f35

- https://bitcointalk.org/index.php?topic=2533848.0


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: ipanks on January 14, 2021, 11:53:04 AM
Just wondering what your strategy for taking profits on alts?
Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?
When you sell do you buy more BTC or Rotate into another Altcoin?
My strategy is simple. I sell my altcoin in the profit conditions, and I do not sell when the price is down because that can make me get to lose the profit. Although I can sell some amount when the price is down, I prefer to hold for more and wait for the high price. I will sell my altcoins in BTC because I want to make more and more bitcoin. I do not have the right percentage because that will depend on the market situation. When I sell my altcoin, I get bitcoin, so I do not have to buy bitcoin, but sometimes, if I can make a profit in USDT, I will convert it into BTC to have more bitcoin.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: silverston on January 14, 2021, 12:38:09 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?



With the market growth in 2018, I made a major mistake and always considered my profit solely in relation to Ethereum. Now I began to consider profit only in relation to the dollar and I think this is correct, because on growth, everyone has the opportunity to go into fiat and re-buy on the global market decline.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: lobo13hf on January 14, 2021, 12:46:41 PM
Before i wanna try to invest in a coin and i have determined how much profit that should be achieved by my portfolios before i wanna try to sell it.
I will try to sell it when it reached the peak price. I don't know how much it is but i just take the at least 1x ROI as the minimum return that i can try to use it as my point to sell my altcoins.
It's easy to determine it dude.
I will not put a very big expectation like got 100x return from my investment lol


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: iv4n on January 14, 2021, 02:13:55 PM
I have some alts I have been keeping for a while, and I add when I can... believe me, I don't even think about selling them for profit! I keep them as support for the projects, I use them for gambling and trading (to make more), and when the time comes maybe I will be able to use them on other places, and maybe those alts will worth a lot by that time!
Profit (in fiat) is not everything, if you need that fiat for something it's alright, I am selling when I am in some need (selling coins is my last option, and I hate doing that)! But I like to keep my coins and grow them!


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Handsome Boy on January 14, 2021, 02:17:25 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?


I will sell my altcoin when I get 100%-150% profit from my capital and I will withdraw half the profit I get for my needs, then I will use the capital and the remaining profit that I get to buy Ethereum, because I believe Ethereum is the best investment for now and will definitely give me a very big profit in the future, that's why I invest all my money in Ethereum.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: max6575 on January 14, 2021, 02:36:19 PM
some traders want to make more money as use with plan on investment by waiting of the longer as the market begins to draw price on chart but some makes decision to collect as immediately to manage by different plan with crypto finance.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Coin_trader on January 14, 2021, 02:52:25 PM
The common way of professional trader on taking profit was spreading it in different price level, The use fibonacci level to determine the perfect price level to take profit base on the recent pump/dump. When price go beyond level means oversold and overbought which means there will be an imminent price pullback on that certain altcoin. Setting target is the smart move on taking profits on trading.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: bitcon on January 14, 2021, 04:13:08 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?



I fix the profit in this way, manually periodically track the "extra" coins and sell them. I think such actions allow you to maintain the balance of the portfolio. You can of course just sell all the coins and withdraw cash. The market is very unstable so it is difficult to predict the right actions.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: trauchot on January 14, 2021, 06:57:32 PM
I usually sell my altcoins when I manage to make a profit of 2 times the first amount I invested in altcoins and then I withdraw some of the money for my needs and transfer other funds to stablecoins in order to then invest in altcoins again.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: babygun on January 14, 2021, 07:06:28 PM
I have some alts I have been keeping for a while, and I add when I can... believe me, I don't even think about selling them for profit! I keep them as support for the projects, I use them for gambling and trading (to make more), and when the time comes maybe I will be able to use them on other places, and maybe those alts will worth a lot by that time!
Profit (in fiat) is not everything, if you need that fiat for something it's alright, I am selling when I am in some need (selling coins is my last option, and I hate doing that)! But I like to keep my coins and grow them!

Which alts are you holding?
Most of the times, I sell a bit of my altcoins when I have my investment back, the rest I just hold. Other coins, I sell completely if I don't believe in the project (i.e. most of the coins I received from coinbase earn lol). The only thing I don't like to do is selling with loss, but sometimes you need to do this to avoid major losses...


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Zeehaxan on January 14, 2021, 07:39:06 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?


If you talk about alts and their price target i think you should also name the coin specifically because in my view different alts will be moving 10x to 100x as a result of parabolic run later this year.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: bttmember on January 14, 2021, 07:43:03 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?


For ease of investing and taking profit i set the targets against the usd mostly like i would be selling my trx or take profit at $3 per trx and it is very reasonable target because trx has previously made 30 cents peak so it will be just 10x from that.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: RealMalatesta on January 15, 2021, 05:16:17 AM
Before i wanna try to invest in a coin and i have determined how much profit that should be achieved by my portfolios before i wanna try to sell it.
I will try to sell it when it reached the peak price. I don't know how much it is but i just take the at least 1x ROI as the minimum return that i can try to use it as my point to sell my altcoins.
It's easy to determine it dude.
I will not put a very big expectation like got 100x return from my investment lol
I do something similar and I would suggest you to do the same thing as well. Take out your own capital and continue with the rest of it. Let's say you invested 100 bucks into something, it became 150 bucks (that number can change to whatever you want), instead of taking out all the money from it, withdraw the 100 bucks you invested, now you are not in a loss, and you still have 50 bucks left in that project.

I did this to so many projects and right now I have about 80 bucks, I never invest more than 10 bucks to brand new projects, so 80 bucks would mean 8 successful ones and most of them weren't even 10 bucks and some lost money so I never lost a single dime, and I made 80 bucks with it, using only 10 bucks to invest to projects as well. So if you did this with 100, that would have been 800, if you did it with 10k, it would have been 80k. And this was only in 2020 as well so not really long time.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: akirasendo17 on January 15, 2021, 05:23:59 AM
lots of people want to take profit when it's due, but sometimes they become greedy when they thought it's going to get higher, and the result is lost,
when you invest you need to have a target, if you really are investing for the short term, I have done long and short investment, for me taking profits should be done when you are up 15-20% in my opinion, no matter what other people say its already a profit, most people do is hold it even they are up 100% sometimes knowing it could double, but it's different in crypto your up in a minute and down rock bottom in seconds.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: lobo13hf on January 15, 2021, 07:25:09 AM
some traders want to make more money as use with plan on investment by waiting of the longer as the market begins to draw price on chart but some makes decision to collect as immediately to manage by different plan with crypto finance.
The traders will always be seeing from the situation that was happening with the market They will never put their money into the big risk. If they were seeing the opportunity to get out from the market and then they will re-enter into the market again, i do believe they will do that. if the market was showing the bearish trend and they will be liquidating all of their assets.
Trader is always watching the market to determine what kind of decision that should be taken by them all.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Eco_111 on January 15, 2021, 08:03:00 AM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?


Probably when you make money and reach your target? Hesitation means you are been greedy, many newbies and old investors failed to take profits because they don't even know when to stop, what to do or know what they want, that's why they get rekt in the end


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: IkonaDro4ku on January 15, 2021, 08:10:15 AM
At the moment I am trading altcoins against the dollar because it is not altcoin season now. Basically the price of coins is growing due to the growth of bitcoin, this can be seen if you look at the dominance of bitcoin in the market in such conditions, it is better to trade with the dollar and otherwise with bitcoin.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: CashbackLover on January 15, 2021, 01:20:36 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?


Assuming I invested 200$ on a altcoin, I will have to make up my mind to take profit when I get 400$ back as returns, this is what many don't do, most want that 200$ to turn into 20,000$, I'm not saying this is impossible but the chances are too slim, it's better to learn how to be less greedy


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: akar87 on January 16, 2021, 12:04:21 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?


Assuming I invested 200$ on a altcoin, I will have to make up my mind to take profit when I get 400$ back as returns, this is what many don't do, most want that 200$ to turn into 20,000$, I'm not saying this is impossible but the chances are too slim, it's better to learn how to be less greedy
Absolute truth. Better to do less but consistently. But many remember 2017 and the Xs overshadow their minds. Even if one day they manage to win x-20 jackpot, then with such a strategy, in any case, they will all lose at a distance.
I think is better with little profit but consistently where every time and every day we trade always get profit than have hold few year before reach much profit, some time looks crazy when we got many people holding much coin and get good price but we have sold all coin early when lower price, but we can get profit every day and they have other source income so is not look worry when holding few years later with their assets and keep hold it.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: leea-1334 on January 16, 2021, 12:42:46 PM
lots of people want to take profit when it's due, but sometimes they become greedy when they thought it's going to get higher, and the result is lost,
when you invest you need to have a target, if you really are investing for the short term, I have done long and short investment, for me taking profits should be done when you are up 15-20% in my opinion, no matter what other people say its already a profit, most people do is hold it even they are up 100% sometimes knowing it could double, but it's different in crypto your up in a minute and down rock bottom in seconds.

I am definitely taking profit when my coins reach their old ATH from 2017/2018. But only to recoup what I initially invested. I still buy in every now and then for the "solid" alts,,, these are the Litecoins and Moneros but these I hold on to for as long as I hold BTC.

But good idea to get back at least your capital, and then a little bit of profit so you feel it was worth holding. And of course, liquidate as you need to spend bills and expenses:)


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: kevinzxz on January 16, 2021, 01:03:14 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?



I personally sell altcoin that I own when the price has reached the target (after I get a profit of 30-50%) and of course after I sell these altcoin, then I will look for another altcoin to be used as an investment, because I have a strategy for investing, that is :
1. I always buy cryptocurrency every month, 70% for Bitcoin or Ethereum (random, depending on which price is falling) and 30% for investing in altcoin (usually I look for altcoin that are in the top 500 on coinmarketcap)
2. the profit I get from investing in altcoin, then I will use to buy altcoin again, because investing in altcoin is more profitable, even though the risks are also great.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: 1l1l11ll1l on January 16, 2021, 02:10:26 PM
I usually sell my altcoins when I manage to make a profit of 2 times the first amount I invested in altcoins and then I withdraw some of the money for my needs and transfer other funds to stablecoins in order to then invest in altcoins again.
That's probably the way people are familiar with it until now. Saw a good rise and sold everything and waited for the price to fall back down to buy. But it is not easy to do with our predictions.
I guess if you were only holders, it wouldn't be too difficult because we could check prices every day. if it's profitable, just sell it. maybe we can do a reinvest strategy and also diversity, but of course it must have a little knowledge about trading fundamentally. buy dip and sell when the price has touched a certain price level, then reinvest in other altcoins that are dip


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Cling18 on January 16, 2021, 02:17:00 PM
I always look for the potential of the coin that I'm holding and learn about its possible movements. I always make sure to buy when the price is low and set a target goal. Once I reach my target price after holding, I usually sell my alts because sometimes being too greedy or expecting more could lead to regrets in the future.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Pamadar on January 16, 2021, 02:20:34 PM
I always look for the potential of the coin that I'm holding and learn about its possible movements. I always make sure to buy when the price is low and set a target goal. Once I reach my target price after holding, I usually sell my alts because sometimes being too greedy or expecting more could lead to regrets in the future.

Most cases of losing investment is being greedy.

Instead of taking profits you think that the value will ris for more and eventually you'll realize that you missed the ride and the price start to fall, best thing to always do is to have your set goals, both with profits or loses you should have  a set plans to avoid losing your money and regrets that you missed the opportunities to take good amount of benefits from the projects/coins that you invested in,.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: blckhawk on January 16, 2021, 03:14:30 PM
I always look for the potential of the coin that I'm holding and learn about its possible movements. I always make sure to buy when the price is low and set a target goal. Once I reach my target price after holding, I usually sell my alts because sometimes being too greedy or expecting more could lead to regrets in the future.
Yeah, that is one of the most important things in managing your trade to have an exit point because without there's a tendency that you might fall into greed and lose all your stash. And before trading on a certain altcoin, I also make sure that I make research on it so I don't lose or just to mitigate it. Actually, there are times I've been going on a trend like when I take the profit from my altcoins I will reinvest on Bitcoin which is currently in the rally right now.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: max6575 on January 16, 2021, 03:21:15 PM
with the current market price, the level gives of 4 times on my token to rise with the new price but i have not comes with idea to sells as might with the future the price still improves and gives of more on spares of difference that i better to keep wait.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: darewaller on January 17, 2021, 05:14:51 PM
I always look for the potential of the coin that I'm holding and learn about its possible movements. I always make sure to buy when the price is low and set a target goal. Once I reach my target price after holding, I usually sell my alts because sometimes being too greedy or expecting more could lead to regrets in the future.

Most cases of losing investment is being greedy.

Instead of taking profits you think that the value will ris for more and eventually you'll realize that you missed the ride and the price start to fall, best thing to always do is to have your set goals, both with profits or loses you should have  a set plans to avoid losing your money and regrets that you missed the opportunities to take good amount of benefits from the projects/coins that you invested in,.
I think holding an altcoin for a very long time even after it goes up super high has other options then being greedy. Obviously there are some greedy people who want to see it go higher and higher and forget to sell and when it crashes they lose money, however there are people who believe in the future of the project as well who will let it be too.

Personally I have few alts where I keep it and I will continue to keep it and I will not sell it, mainly eth and bnb has been awesome and I do not care if they do 10x more from here, and I am serious if ethereum becomes 10k dollars, I will still hold it, because I believe in the future of it and non-stop increase of it, so I want to leave some to my children as well when I die. So, not selling is not always about money, it is about principle and goal of keeping it as long as you do not need it.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Dr.Osh on January 17, 2021, 05:24:54 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?


when I feel that it is a suitable price, then I will sell it. after that I might hold it, or invest in something else. well, for altcoins, I might think about it again, because if the price is still pumping after that, I will wait for the price to fall back down to think of the next strategy. however, what I usually do after selling the assets I own is invest in real estate.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: aemma on January 17, 2021, 05:39:25 PM
Before taking profit in altcoins I first consider the type of altcoin it is, thus will decide on how big I will go for the profit. Assuming I am holding a coin like Ethereum, once I am in profit, I take the profit alone while leaving the rest for long term holding, while if it is in the case of other altcoins such as new altcoins, once in profit I will sell everything where 50% of the profit will be going into Bitcoin and the rest for another altcoin good at that moment. Talking about USDT is when I am investing for short term, that is, once in profit I sell to USDT and use it for trading as well. And in addition, I buy Bitcoin when the price retraces not when it is high and as for altcoins, I hardly go into new altcoins because many of them gives concerns while my top altcoins are Ethereum and ADA which are kept for long term.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: bct-user on January 17, 2021, 05:40:39 PM
I am a short term holder. I don't target a very big percentage of profits. If I see my crypto coins already reach more than 50% improvement, I often sell the coins. Then, I buy again the coins when they are in a correction or move to other coins for new assets. This is my humble strategy for now and quite effective for me.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: dimonstration on January 17, 2021, 05:53:56 PM
I am a short term holder. I don't target a very big percentage of profits. If I see my crypto coins already reach more than 50% improvement, I often sell the coins. Then, I buy again the coins when they are in a correction or move to other coins for new assets. This is my humble strategy for now and quite effective for me.
It's always good to take profit, it's better to sell in profit than because of stopping losses. I also sell some ETH when it pumps same with some altcoins when their in profit since it's not something that always happen. I just make sure to always left some of top alts or altcoins that are still improving in their product. Having BTC and ETH to hold is still my priority.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Becky666 on January 17, 2021, 05:59:30 PM
Just wondering what your strategy for taking profits on alts?
Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?
When you sell do you buy more BTC or Rotate into another Altcoin?
Generally, be smart when dealing with the altcoins market becasue they are not stable in nature. Some of these altcoins are pump and dump coins which need more smart guys in terms of profit taking, sometimes my altcoins bags or portfolios with 6% are set for profit taking becasue of my personal lessons i learnt from the past. Altcoins are good to take profit early and later reinvent when the price dip.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Bitstar_coin on January 17, 2021, 06:30:37 PM
Better to reserve my answer for when the alts time is upon us, I don't want to jinx anything  :D that's because am overly prepared for the alts season, I hope the way people speculate a big alts season it will happen eventually, I was a bit disappointed as many alts didn't follow the btc uptrend, the year is just starting and there are many months before end of year, hopefully something positive will happen.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: South Park on January 17, 2021, 09:16:33 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?


You question seems to be too general to me, I understand that you want to learn and in order to learn you need to ask questions but before you do that it is better to try to learn by reading a few books about trading, and if you do you are going to find many systems about how to take profits from any asset not only altcoins, for the most part one of the most popular ways to take profits is to set a level before you even make a trade of where you want to sell then once that level is reached you sell immediately.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: RondoAnyar on January 17, 2021, 09:51:05 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?


I used the option choosing BTC or USD but after I sold it I prefer to convert to BTC. because in my opinion BTC is clearer than to other altcoins, so I often use it and then sell it into money


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Flowzer on January 17, 2021, 09:54:23 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?



I dont have any strategy, i simply hold it as long as i dont need it. Its not good i think, but sometimes i feel hurt after sell then price x2 x3.
Especially for low liquidity coins, it will just dump your coins if you sell all your coins, so sometimes i just sell 10%-25% to make profit of it, and buyback when the price is lower.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Lanatsa on January 17, 2021, 09:57:13 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?



Altcoin/USD  pairs aren't really that common that's why Alt/btc will be the common target for most people.Whats the strategy? sell when in profits as usual.

Percentage will vary on each person because we do have our goals and targets. For me, it will be on random and on the time I do see it to be okay then I do immediately sell.

When it comes to btc accumulation then I do diversify in some alts and the rest would be hold up for long term.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: sayaya17 on January 17, 2021, 09:57:55 PM
Of course I sell altcoins when it’s already profitable. I don’t sell it in adverse circumstances. Even for my altcoins nowadays when bitcoin is high in price,
this is a  good time  to sell altcoins  that are in my wallet.  I see the growth of  altcoins has  doubled. Even the altcoins I  keep are over three  years old,
only this time they’re green and I’m selling them. And I keep it in ethereum hoping ethereum can provide more return on my investment.
Investing should be fraught with patience.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: shinratensei_ on January 18, 2021, 04:48:35 AM
but some people like to take a little longer to make a big profit.
Dude, the future of the project can't be determined easily and i should remind you that there are a bunch of coins already dead even they look like the promised projects when they were launched.
People are always taking the profit gradually will always become the winner consider they will always be watching the situation.
they know when to enter or out from the market.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: akar87 on January 19, 2021, 06:16:02 PM
Of course I sell altcoins when it’s already profitable. I don’t sell it in adverse circumstances. Even for my altcoins nowadays when bitcoin is high in price,
this is a  good time  to sell altcoins  that are in my wallet.  I see the growth of  altcoins has  doubled. Even the altcoins I  keep are over three  years old,
only this time they’re green and I’m selling them. And I keep it in ethereum hoping ethereum can provide more return on my investment.
Investing should be fraught with patience.
What about if your coin buying have lower price and keep waiting until price is up, do you wanna try for cut loss and how many months or year you will be patient waiting for your coin up? for me if loss chance for coin back to higher price better I cut loss and looking for other coins maybe give me profit and could recovery with my loss before.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: cryptofirm on January 20, 2021, 02:47:32 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?



this question will never come if you know about technical analysis my friend
because with technical analysis you can understand how to enter or exit the market, even when your predictions going to wrong directions, wich mean you will know when the right time to cut your loss short buddy


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Chainsmokers on January 20, 2021, 03:49:46 PM
the huge profit I experienced when I invested in TWT altcoins in those days the price was very cheap and I took the opportunity to buy when I saw the development getting better and better, I keep hold TWT  and at the end, of the TWT pump is so very high even gave me a profit many times over


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: South Park on January 21, 2021, 08:18:14 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?



this question will never come if you know about technical analysis my friend
because with technical analysis you can understand how to enter or exit the market, even when your predictions going to wrong directions, wich mean you will know when the right time to cut your loss short buddy
Exactly, technical analysis is a very powerful tool, it is not going to allow you to predict what the market is going to do all the time but it is going to allow you to make reasonable predictions of what the market can do in the future and if you pair technical analysis with good money management then sooner or later you will make profits, this is why I recommended the OP to read a book or two about the subject before asking questions because it is going to be almost impossible for us to cover the basics of technical analysis in a forum post.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Santri on January 21, 2021, 08:46:44 PM
I traded last week only alts.
Expected profit was not reached(
I think you are too hasty to buy so you are not aware of the charts in the market but don't worry because when the altcoins season comes you will get profit, all you have to do now, hold on and be patient, don't panic too much


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Gozie51 on January 21, 2021, 10:02:16 PM

When you sell do you buy more BTC or Rotate into another Altcoin?


When I dump the few btc I have, I don't be in a haste to buy back btc even as it leads, I just move to altcoins section. Bitcoin reinvestment is very volatile and deciding to put back money into buying bitcoin as it dropped is risky.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: lienfaye on January 21, 2021, 10:35:27 PM
Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?
I will only sell my alts on my set target price. Recently the alts that I hold increased but not enough for me to sell, im not being greedy here but I waited for years and will still hold it until I see an acceptable price to sell already. Well the good thing for holding on long term is I dont mind seeing the price plunged because im confident it will recover because its an establish coin.

When you sell do you buy more BTC or Rotate into another Altcoin?
I dont switch my alts for bitcoin. I have separate capital meant for bitcoin itself. I might regret selling since its a profitable investment as well.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: TastyChillySauce00 on January 21, 2021, 11:01:38 PM
when I have made a profit in altcoins then I immediately sell them and immediately change to more stable coins, usually in bitcoin and only occasionally on usdt if necessary, I plan to have more bitcoins
Bitcoin is almost breaking the 30k support and it looks like we are gonna see bitcoin will be traded below 30k again very soon. The market is showing the bearish trend signal and wow it comes to be the true story.
I can't deny that bitcoin is starting to face the major correction.  People who have sold their coins when it reaches the peak price.
If they were not doing it and then say bye for that.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: kawetsriyanto on January 21, 2021, 11:52:52 PM
I have no certain percentage as the target for taking profits. If I think it is enough to take profits, I will sell my altcoin or Bitcoin assets. I am not a typical person who must achieve a specific target, it is too greedy for me. But it is my own way, other people may have different strategies. Some may put all their assets for a long term investment. And probably to sell their asset once it reaches a target only.   :)


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: ivankoh on January 22, 2021, 05:14:25 AM
To gain profits with the altcoin, wait for it to go through the 70% roadmap for the product to launch to the public.  The outcome of the project is in user value and free to use it.  not considering its initial value, you may lose your chances of getting 5x or more.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: FireBallex on January 22, 2021, 07:44:27 AM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?


There is no strategy for taking profits from your coins, you can only find strategy of making profits, if you don't know when to take profits they that's your problem and that problem can only be solved within yourself, many investors have the greed problem, not knowing when to quit is wrong, have a purpose, if you don't have just create one, e.g I want to invest 20$ and I want to make 40$, if you have this mind set you will Definitely know when to quit


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: bitzizzix on January 22, 2021, 09:16:10 AM
Since I always invest in the long term indefinitely, I will sell it when it is profitable and need it.
and to have multiple Altcoins really requires strong patience and must choose the right and profitable coin, and long term without a time limit is the right choice for me so I don't have to worry and panic if it doesn't match expectations.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: JeffBrad12 on January 22, 2021, 12:37:11 PM
To gain profits with the altcoin, wait for it to go through the 70% roadmap for the product to launch to the public.  The outcome of the project is in user value and free to use it.  not considering its initial value, you may lose your chances of getting 5x or more.
Yes, the initial value must be considered, especially for investors who buy at the beginning of the project launch, of course this will be an important reference for them before the product is launched to the public.
Anything is important and all of the factors were giving a contribution to the price of the token. People will be taking their profit when it reached their target and we can't argue this statement consider the majority of short-term traders will always be doing it but long-term traders will never try to think about that.
Im always taking the profit when it meets the target. Product is a very important thing to trigger people to create FOMO.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: deean_3one on January 22, 2021, 04:16:44 PM
I think everyone has their own thoughts. For me personally, I will monitor the price growth of my altcoins. If the price goes up according to predictions, I will immediately sell it. That's how I profit from altcoins.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: isaac_clarke22 on January 22, 2021, 05:43:32 PM
~
One from what I watched from Youtube is to just risk it once you're getting "too much" since coins like Bitcoin doesn't increase consistently. Right now we're even experiencing occasional corrections and pretty much traders have been doing vice versas (buy->sell, sell->buy) right now.
I am still in the hodl because I'm not pushing myself too much into trading.
Time issues. Figures.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: South Park on January 26, 2021, 09:32:01 PM

When you sell do you buy more BTC or Rotate into another Altcoin?


When I dump the few btc I have, I don't be in a haste to buy back btc even as it leads, I just move to altcoins section. Bitcoin reinvestment is very volatile and deciding to put back money into buying bitcoin as it dropped is risky.
That is a dangerous strategy, you are complaining about the volatility of bitcoin but altcoins are way more volatile especially when the market is going down, altcoins have a tendency to crash and never recover, at least in the case of bitcoin you know that even if it crashes the price will recover if given enough time, something that for the most part is not true for the majority of altcoins, which is why bitcoin is still the preferred method to invest in this market and this will remain to be the case for the foreseeable future.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: kram31 on January 26, 2021, 10:02:26 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?



When I sell the one of my altcoins on my bag, I tried to look for other things in which I think it give me more
profit in the future. This was the thing I did several times here in this field of business dude and so far so  good
to me actually, meaning I am doing the right thing as long as you have the skills in doing trade activity, due to its an
advantage.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Ridwan Fauzi on January 27, 2021, 12:07:42 AM
Just wondering what your strategy for taking profits on alts?
Depend on the situation, I always find the altcoin that has a good fundamental factor. I never choose to trade in an altcoin if the price movement is rely on bitcoin price movement, I'll be tired watching every movement price.

But, when an altcoin is getting pump because there is a reason behind it the increasing is really crazy and there is no correction. I'll take my profit when I trade in such altcoin I at least take when the price up more than 10-15%.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Nanda Dewi277 on January 27, 2021, 12:21:01 AM
I prefer to exchange for ETH, if I see the price of BTC going up, ETH must go up.  As we know in December 2020, ETH follows BTC price movements and it's possible that ETH will continue to increase.  2021 be a boon for all of us in the crypto world.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: meldrio1 on January 27, 2021, 05:35:06 PM
Waiting to double your money seems you will hold it for long. My strategy is when I gain profit and I'm satisfied then I will sell my coins and then I wait to go down the price so that I will buy cheap coin and I will sell it high again, that's my basic strategy for short term. 


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: akar87 on January 31, 2021, 12:45:39 PM
I use bigger funds for trading right now and when price reach above 5% up I will sell my trading assets and looking with other coin for trading or waiting my before assets back to lower price, I am not greedy have waiting above 100% to take profit because now I wanna change my trading, keep enough earn profit although 5% in daily trade although have holding when price down. Have run few months with my trading way but keep safety only potential altcoin for trading.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: ARTCOINSLV on January 31, 2021, 02:59:24 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?



I always take profit in USDT, this is in my opinion the safest option, but not the most profitable.
Jumping from one coin to another usually ends badly.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: ARTCOINSLV on January 31, 2021, 03:00:42 PM
Been smart and watchful is very important when you are trying to take the advantage of crypto market, there are some altcoins that will recovers from dumps when bitcoin goes down, just buy such altcoins when bitcoin is down and wait for Bitcoin to recover to sell the altcoin again, there is nothing better than buying low and selling high

I agree, you need experience and the right choice.
If you work within the time-tested crypto assets, you won't earn much, but you always want more, and this is already a big risk. So you have to choose between safety and greed.



Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: ivankoh on January 31, 2021, 03:15:57 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

To me, That is when the market moves well, the levels of value correspond to the return invested. It is very difficult to find the top to make a profit. In all circumstances, be careful and wary of your click.
Quote
When you sell do you buy more BTC or Rotate into another Altcoin?
Buying BTC or altcoin depends on the state of the market. If bitcoin is balanced, I will buy altcoin, bitcoin goes down choose bitcoin.
Incorporate promising altcoins for the long term and harvest some as a reserve fund or buy when conditions are right.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: South Park on January 31, 2021, 06:10:27 PM
I prefer to exchange for ETH, if I see the price of BTC going up, ETH must go up.  As we know in December 2020, ETH follows BTC price movements and it's possible that ETH will continue to increase.  2021 be a boon for all of us in the crypto world.
Generalizations while useful are not always the best way to trade, ethereum has a tendency to go up while the price of bitcoin goes up, but while bitcoin has surpassed its previous all time high by a very wide margin ethereum has done so by very little so if you had just invested in bitcoin and forget about any maneuvers to try to maximize your profits you would in fact have made more money, as such it is important to always check the markets before you make any movement so you can avoid making a bad move.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: ardentvolcanoes on January 31, 2021, 06:17:17 PM
Been smart and watchful is very important when you are trying to take the advantage of crypto market, there are some altcoins that will recovers from dumps when bitcoin goes down, just buy such altcoins when bitcoin is down and wait for Bitcoin to recover to sell the altcoin again, there is nothing better than buying low and selling high

I agree, you need experience and the right choice.
If you work within the time-tested crypto assets, you won't earn much, but you always want more, and this is already a big risk. So you have to choose between safety and greed.



You need to have the right perceptions in choosing the right project to invest, if you are not going to fit yourself you will just find yourself

being greed and lose your opportunities, it should be controlled and facilitate carefully, it's not bad if you can control it but if not it will

be the reason why you'll lose your chances to earn.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: doomloop on January 31, 2021, 06:27:20 PM
I would say those type of quick returns would be great for you in the short term, specially if you are trading constantly, but if you are not dealing with it everyday, that looks like a lot of work to do and I wouldn't be capable of doing it. I am not saying it is a bad idea, it is definitely a good idea, I just do not think that it would be smart to actually go with that if you do not have the time for it or do not want to put the time for it.

I think buying at a certain level, and then putting a stop loss at 5% when it goes even higher is the way to go, that way if bitcoin is 10k and you buy it, but price goes to 20k, you could put a stop loss at 11-15k range and just wait for it to go down, if it is like this that means you will keep profiting, if not then you would still be in profit. I just believe small profit is just not worth my time.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: kak uli on January 31, 2021, 06:46:02 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?



the right time to take profits when the assets we have reached 100% of the initial capital. and trade again after we take the profits. and to save the profit we have, we better save it in the form of usdt because usdt has a relatively stable price until the profit we have reaches the target of 100% of the capital.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: ScamViruS on January 31, 2021, 06:55:02 PM
Been smart and watchful is very important when you are trying to take the advantage of crypto market, there are some altcoins that will recovers from dumps when bitcoin goes down, just buy such altcoins when bitcoin is down and wait for Bitcoin to recover to sell the altcoin again, there is nothing better than buying low and selling high

I agree, you need experience and the right choice.
If you work within the time-tested crypto assets, you won't earn much, but you always want more, and this is already a big risk. So you have to choose between safety and greed


There is no way you can keep yourself safe without experience. There are plenty of opportunities in the crypto market to make a profit but most traders cannot take advantage of those opportunities because they do not have the experience. Experienced traders are making huge profits in this bull market while new traders are making losses. Because new traders are running from one to the other to make more profit so they can't hold on to the profit. Trading in the crypto market by controlling emotions and using inexperience has the potential to do something good.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: ZaraCB on January 31, 2021, 07:10:36 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?
I know many opinions have already been expressed here. I am giving my own opinion. I sold all my Altcoin when its usd value doubled and cashed out all the crypto. I didn’t want to take any kind of risk. I don't want to buy BTC or any other Altcoin right now. If the bullish market goes down in the future, maybe i can think again to buy crypto.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: tycsols on January 31, 2021, 07:11:26 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?


Usually i do not actively trade but keep holding through all the bulls and bears but that strategy has cost me badly in the past years so now im holding few coins that i have set a high target in my mind and once the price hit that level i will be taking stleast half of my holding out.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: olabiyijummy02 on January 31, 2021, 07:14:36 PM
my strategy for profit taking varies from coins to coins & that is because every single project is unique, irrespective of any similarities it may bear with another project, the roadmap is a very good way to decide when to take profits. this is because price tends to rally/dump depending on which milestone of the currency is met at that moment in time.
With this i try to avoid buying before a dump and selling before a rally of price.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: pixie85 on January 31, 2021, 07:59:17 PM
I prefer to exchange for ETH, if I see the price of BTC going up, ETH must go up.  As we know in December 2020, ETH follows BTC price movements and it's possible that ETH will continue to increase.  2021 be a boon for all of us in the crypto world.

I feel the same and ETH is the main altcoin that I'm holding. I don't care about all those losing projects because I feel like they'll all die eventually.

Some people think the altcoin marke will continue to grow but it won't. 90% of altcoins will die because 90% altcoins have no use and no purpose. If some of them hit mainstream they're going to take all the use cases with them. The rest will remain a speculation or disappear and that won't be coins that are big or small now but those that have utility and are popular.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: KimmyF on January 31, 2021, 08:03:25 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?


You are new to this forum. In a few times, you can't learn everything. Whatever, don't forget about the bullrun time. Don't hold anything after passing this year. But now you shouldn't be so greedy, just fixed your profit as volume and exchange listed. You know 5 times or 10 times profit is enough. Short term or long term never hold only a single altcoins.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: SaShiRaJaVu on January 31, 2021, 08:05:10 PM
I know many opinions have already been expressed here. I am giving my own opinion. I sold all my Altcoin when its usd value doubled and cashed out all the crypto. I didn’t want to take any kind of risk. I don't want to buy BTC or any other Altcoin right now. If the bullish market goes down in the future, maybe i can think again to buy crypto.
This is a position even i took, i booked the doge coins i am holding when the price rallied when it was least expected, i booked my profit in the Ripple i was holding for a few years when the lawsuit appeared as you never know what will happen, i am waiting to sell off a few other coins as well but i am waiting for the right moment to empty my collection and then take my position about what all coins to hold in the future.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: 1l1l11ll1l on January 31, 2021, 08:16:23 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?
Usually i do not actively trade but keep holding through all the bulls and bears but that strategy has cost me badly in the past years so now im holding few coins that i have set a high target in my mind and once the price hit that level i will be taking stleast half of my holding out.
Yes, if you're talking about new tokens or altcoins, maybe holders are enough strategy. but you can get better profit if you have bitcoin for trading. but trading must have sufficient skills to be able to continue to maintain profit. btw, don't forget to take the profit and my advice don't take too long to hold it


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: ameliana on February 01, 2021, 07:39:23 AM
in investing you need to determine targets, estimate the estimated profit you want to generate and also not be greedy. it is for me personally to take advantage of short-term investments when the price of the coins I invest in increases more than sufficiently from the initial investment capital. and for the long term I always prioritize the top coins in the CMC market.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Pamadar on February 01, 2021, 10:54:51 AM
Just wondering what your strategy for taking profits on alts?
Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?
When you sell do you buy more BTC or Rotate into another Altcoin?

I take my altcoins bags profit in batches because that is the best way i trade. You should trade your altcoins against the most preferred pair that want; it could be a btc pair or a usdt pair. When i take profit; i convert my profits to usdt and re invest the capital into another coin. Makes it easy that way
It gives you the opportunity to grow your assets.

Bagging your profits depends from how you fully understand the market, as long as you are willing to take the risk and you study how the market will work for you, bagging your profits is like harvestin the fruits of your labor, the more you plant the more furits that you'll going to gain back.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Wahyuihib on February 01, 2021, 01:07:12 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?




I don't have any strategy in trading, what I often do is look at the chart about the alt I want to buy. if today the alt that I want to buy does not change, I usually buy at the general price.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: skarais on February 01, 2021, 01:31:38 PM
I only chose 4-5 altcoin which I thought were very good and would be in my portfolio. Ethereum, Litecoin, BNB and Waves are 4 out of 5 good altcoin in my opinion for making a profit. I don't like short-term trading or what is commonly referred to as day trader. I'm aiming for long-term gain that might be good for me. This is how I profit from altcoin, but you can still do it in a different way.



Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Ziskinberg on February 01, 2021, 01:47:22 PM
Immediately, lol..

unfortunately most of my altcoins are not profitable yet, I don't know if they are dead already or they still have a chance to rise, but one thing I'm certain is that they are almost worthless, I'm talking about the majority of my holdings that I bought last 2017, until now they have not rise yet.

I should have bought DOGE!


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Cengghengmania21 on February 01, 2021, 02:08:00 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?



- My strategy is to make a profit, which is to buy when the price goes down and sell it when the price goes up.
- Trades that I do gradually using little capital.
- I am not too ambitious in making trades, the important thing is to buy according to the capital that I have


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: ARTCOINSLV on February 01, 2021, 06:47:02 PM
Been smart and watchful is very important when you are trying to take the advantage of crypto market, there are some altcoins that will recovers from dumps when bitcoin goes down, just buy such altcoins when bitcoin is down and wait for Bitcoin to recover to sell the altcoin again, there is nothing better than buying low and selling high

I agree, you need experience and the right choice.
If you work within the time-tested crypto assets, you won't earn much, but you always want more, and this is already a big risk. So you have to choose between safety and greed


There is no way you can keep yourself safe without experience. There are plenty of opportunities in the crypto market to make a profit but most traders cannot take advantage of those opportunities because they do not have the experience. Experienced traders are making huge profits in this bull market while new traders are making losses. Because new traders are running from one to the other to make more profit so they can't hold on to the profit. Trading in the crypto market by controlling emotions and using inexperience has the potential to do something good.

This is my case, I am not good at controlling my emotions in a short period of time, when the price changes rapidly, then up and down, trading is a dangerous path.
That's why I choose investing, where you can calmly think about your steps and choose a promising project.



Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: ARTCOINSLV on February 01, 2021, 06:48:13 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?
I know many opinions have already been expressed here. I am giving my own opinion. I sold all my Altcoin when its usd value doubled and cashed out all the crypto. I didn’t want to take any kind of risk. I don't want to buy BTC or any other Altcoin right now. If the bullish market goes down in the future, maybe i can think again to buy crypto.

Zara, I think like you, but don't you want to make more money?
There are many interesting projects for which money is not in the foreground, projects that have an idea, which is much more important. Such projects will only grow in price, there are not many of them, but they are there.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Fatunad on February 03, 2021, 05:34:22 PM
We have different strategy to make profit from altcoins but mine is if the altcoins increased around 20% then I will take my profit just a short trade only and for stop loss maybe only -10%.. I also have some altcoins that I hold for long term, hoping to double my money in the future. 
My bag is composed of long term coins and those short term ones.It cant really be denied that we are really aiming for that 10-100x gains on an altcoin excluding
those top one of course but for short term then its always good to stick into those huge volume or those top tier coins in the market.
Managing your bags would really vary on each person because we do have different decisions towards on profit taking.
Neither it would be on 10-20% or would go after with 100%-200%, depending on what percentage do a trader would really be contented.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Flowzer on February 03, 2021, 07:22:54 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?



Most my trade is take 20-30% profit. But some of my investment is for long term, so i wont take any profit unless i need money or the profit already satisfy me enough (its not a good strategy).
I usually rotate into another altcoin, only in some condition i buy more btc.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Ozero on February 03, 2021, 07:32:27 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?


so I messed up. I had 0.1 BTC when Bitcoin was in $14000+ back in October. their USD Value that time was some $1400 or something I think. I invested them in some of top alts in binance. and now when Bitcoin's price is $37,000 today my account's BTC value is dropped to 0.06 BTC but their USD value is $2500 dollars.
now I am totally lost in confusion. I am in profit in term of USD and in lose in term of BTC. I have no idea what should I do. am I really in lose or in profit?
You invested $ 1,400 in the cryptocurrency, and now its price is $ 2,500. Of course, there is definitely a profit here, but if it is locked in, that is, converted to a stablecoin such as USDT.
I am now trying to watch the price rise of my tokens. So, the YOUC token of the YOUengine company, in which I took part in the bounty companies, for the period of receiving this token cost $ 0.009, and today it has risen in price to $ 0.037. I partially sell it and expect further price growth. Anyway, I've already made a good profit.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: firmino10 on February 03, 2021, 07:42:23 PM
My methodology is straightforward. I sell my altcoin in the profit conditions, and I don't sell when the price is down on the grounds that can cause me to will lose the profit. In spite of the fact that I can sell some sum when the price is down, I like to hold for more and sit tight at the significant expense. I will sell my altcoins in BTC on the grounds that I need to make increasingly more bitcoin. I don't have the correct percentage since that will rely upon the market circumstance.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: bluelogic on February 03, 2021, 08:31:29 PM
I use a very non-emotional system that has made me great profits since 2017.  I'm generally long.

I only play in ETH and BTC

When the price hits a new ATH or pops up 30%, I sell 30% of my portfolio and pay my short term gains tax separate savings account
When the price goes down 15% I start buying in 30% increments the amount above every 5% down using the money from above until hitting 25% down
When the price goes down 30% or more I buy using new money as I have available
If none of the above conditions happen I hold and wait and ignore the news

Bluelogic



Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: kindbtc on February 03, 2021, 09:05:57 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?


Since i have major portfolio in ETH i do invest in other coins with my Eth and only if i find a good price in a quality coin so overall i do check the profit in terms of Eth and make sure that even if im getting good margin in usd terms i should also be in profit with reference to Eth.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: didzi on February 03, 2021, 09:22:54 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?



simple i just an indicator that give a sign if the price already overbought such as relative strengt index mate
so, when the price already in overbought zone, i will sell my alts a half then if i believe the coins is promissing and deserve for long term hold
i will hold a half


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: jahepahit on February 03, 2021, 09:53:03 PM
i usually take profits in tranches , i sell and convert to stable coin then flip it to other coins if i spot any opportunity in any token. taking profits also depends on the type of project you are holding. some it may happen that it pumps after you sold which means you sold too early why some will dip more after losing a profit taking opportunity.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: roosbit on February 03, 2021, 10:04:56 PM
Just wondering what your strategy for taking profits on alts?
With a look at the charts, i try to find where the supply area is so if price is moving from the demand area where we have the bulls my target price is up up there...were you sell at a retail price, its all in the name of buy low and sell high  ;)

Quote
Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?
sometimes you just have  to forget about them,checking on price everyday is so much work

Quote
When you sell do you buy more BTC or Rotate into another Altcoin?
believe it or not altcoins have hidden gems to make you more money than btc,so rotate into another altcoin is the answer


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: marilynmanson21 on February 03, 2021, 11:47:27 PM
We have different strategy to make profit from altcoins but mine is if the altcoins increased around 20% then I will take my profit just a short trade only and for stop loss maybe only -10%.. I also have some altcoins that I hold for long term, hoping to double my money in the future. 
Your Stop Loss (SL) target is very large, if your SL target is large then your TP must be bigger, at least 5x the risk you get,,
this is risk management, the greater the loss you can get, the greater the profit.
If I will at least take a profit when the profit has reached 100% to 200%, but depending on chart conditions and market sentiment at that time, such as a doge that has risen to 700% in less than 1 week


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: akar87 on February 04, 2021, 02:27:04 PM
We have different strategy to make profit from altcoins but mine is if the altcoins increased around 20% then I will take my profit just a short trade only and for stop loss maybe only -10%.. I also have some altcoins that I hold for long term, hoping to double my money in the future. 
Your Stop Loss (SL) target is very large, if your SL target is large then your TP must be bigger, at least 5x the risk you get,,
this is risk management, the greater the loss you can get, the greater the profit.
If I will at least take a profit when the profit has reached 100% to 200%, but depending on chart conditions and market sentiment at that time, such as a doge that has risen to 700% in less than 1 week
Stop loss is good way when your coins drop lower price but for me is not happening when buying coin keep holding as long time until reach much profit is my best way, never wanna get for cut loss because I think always have chance with my coin back to higher price, many trader after cut loss their coin back to higher price although many worth from cut loss to save your money than you have loss much.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: oHnK on February 04, 2021, 03:58:33 PM
We have different strategy to make profit from altcoins but mine is if the altcoins increased around 20% then I will take my profit just a short trade only and for stop loss maybe only -10%.. I also have some altcoins that I hold for long term, hoping to double my money in the future. 
Your Stop Loss (SL) target is very large, if your SL target is large then your TP must be bigger, at least 5x the risk you get,,
this is risk management, the greater the loss you can get, the greater the profit.
If I will at least take a profit when the profit has reached 100% to 200%, but depending on chart conditions and market sentiment at that time, such as a doge that has risen to 700% in less than 1 week
Stop loss is good way when your coins drop lower price but for me is not happening when buying coin keep holding as long time until reach much profit is my best way, never wanna get for cut loss because I think always have chance with my coin back to higher price, many trader after cut loss their coin back to higher price although many worth from cut loss to save your money than you have loss much.

It will be very different if you have a very large investment amount, because if the value goes down to 10% it is already in a very heavy category, how can you still let it drop to more than 20%. Do you just let it go. Say your investment amount is 100k USD, and you let it drop by 20% meaning your money is only 80k USD, are you sticking with your stance? I'm sure you are rocking about that.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Ceyflix-Rez on February 04, 2021, 04:18:45 PM
I was the type who never gets satisfied even when I'm in profits, I always want to be a future whale, well that never ended well for me, I even went ahead to buy some gpus that are now obsolete to mine new altcoins, it was successful as I had up to 20 different coins with me, thinking my future will be brighter but I ended up with shitcoins, now any profits is profit, that's how I see things now and things have changed since then


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: ice098 on February 04, 2021, 04:37:01 PM
I was the type who never gets satisfied even when I'm in profits, I always want to be a future whale, well that never ended well for me, I even went ahead to buy some gpus that are now obsolete to mine new altcoins, it was successful as I had up to 20 different coins with me, thinking my future will be brighter but I ended up with shitcoins, now any profits is profit, that's how I see things now and things have changed since then
You should know that a profit is a profit and we don't need a lot of coin to hold, we just need only those who have a high potential in the future and have an active community and social media updates, in that way you may say that your coin is good and highly profitable.You may also try to invest to only top 10 coins in the market, since they are the best coin to trade for a shorter period of time and have a high volume in the market.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: masterzino on February 04, 2021, 05:18:27 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?

When we talk about crypto <> crypto trading, I tend to collect BTC/Stablecoin profit when the other pair is rising and tend to balance the altcoin sheets when the other pair is dropping.

This allows me to increase the altcoin trading balance when it's cheaper.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: South Park on February 04, 2021, 11:01:10 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?
I know many opinions have already been expressed here. I am giving my own opinion. I sold all my Altcoin when its usd value doubled and cashed out all the crypto. I didn’t want to take any kind of risk. I don't want to buy BTC or any other Altcoin right now. If the bullish market goes down in the future, maybe i can think again to buy crypto.
You are taking a risk, at the beginning of 2017 when the price of bitcoin reached 2k many people speculated the price could not go any higher and they sold their coins thinking a crash was inevitable but instead of the price going down we saw the opposite and the price began to skyrocket until it got close to 20k, 10x their prediction, so while a decrease in the price is always possible if I were to take a guess I think bitcoin will go up in value once again and surpass its ATH, and when that happens you do not want to be without any bitcoin in your wallet.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: barbara44 on February 05, 2021, 03:47:34 AM
I have to say it all depends on what you are investing into. Because I invest into ETH thinking I will not ever sell it if I have that chance, I would like to keep it until I am a retired old guy. I get that many people do not see the point of being old with money when you can be young with money but the difference to me is that either you have a bit of money when you are young and you spend it, or you are very wealthy when you are old and leave a good wealth to your family.

From birth I was raised believing family is everything, it is sort of like fast and furious family theme type of deal, if I can make 100k today or 100 million dollars upon my death, I will pick 100 million dollars upon my death so that my family could live better after I die. That is why I would rather keep my alts as long as I can without ever selling them for any reason at all.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: republicrypto on February 09, 2021, 08:21:08 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?



i will take my profit when i feel enough mate, and in my predictions thats the right time to exit the market
after i take my profit usually i will use a half to find other alts
regards


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: leatutz on February 09, 2021, 08:26:32 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?
To exchange into other altcoins, make sure you take the best profits. Now my strategy is holding altcoins until the upcoming bullrun. Especially new altcoins where my expectations are so high. I won't sell any new altcoins until I get 10-20 times from a single altcoins.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: South Park on February 09, 2021, 09:09:12 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?



It depends on individual preferences. As for me, once my bags sees at least %50, I sell off to take profit. And then set lower order of the same coin. I believe it is good to always take profit no matter what. But I am always very careful when selling off my bags
This is not only about individual preferences but also about what kind of market you are invested in, if you are investing in altcoins that are relatively new then the strategy that you are applying is not precisely the best because the whole point of investing in those coins is to try to get enormous profits, if you sell after you get 50% in profits then you are better than when you started but it is questionable whether or not that will be enough to offset the losses that you will get when investing in other coins.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: kaeluxdeuz on February 09, 2021, 09:37:23 PM
My strategy is simple. If the market goes down today, I want to be satisfied with the amount of money I've converted into Fiat. For newcomers this may be difficult to understand as they are thinking go "all in", yes true this seems to be the time of all in, but when those bear days kick in, I want to feel my safe zone, without the greed that surrounds us today.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Smartvirus on February 09, 2021, 10:07:15 PM
If there were actually a point, a real defined point for taking profit, this would have been about that point where the change of trend would be greatly observed and about that point you'll find a hot spot for activities once the signal is given in the chart pattern.
Fortunately, there isn't anything such as these so, its always up to you to have a target and know when it is just about right to be contented with what you've gotten from an altcoin trade. Greed is always going to kick in once you tend to have reasons to make the most profit. It chocks!


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: aioc on February 09, 2021, 11:15:23 PM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?



I sell a portion of my shares but not all of it, if there's a 20% profit of the price I sell a portion of it, in a bull run you really never know when is the peak I just make sure that I always have Bitcoin in my portfolio especially in a bull run, and you should have a fund in case there is a dip, I always follow the golden rule which is to buy low and then sell high.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: lionheart78 on February 09, 2021, 11:23:56 PM
When it comes to altcoin and newly released tokens, I always aim for 2x profit since the market is raw and highly volatile.  Whenever my holding of altcoin reaches that high profit, i never hesitate to sell and then look for another possible profit potential project.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: BuNga_cute on February 09, 2021, 11:27:56 PM
I really like daily trades, so I always have a target profit of 2% per day. Then I always trade using stable coin pairing, so when the profit is obtained
I save it in a stable coin. In order not to be affected by the volatile crypto market, and also I always rotate my trades between Bitcoin and
altcoins. Depending on market conditions, which one is more profitable.

If it turns out that the price of Bitcoin has dropped, then buy Bitcoin immediately. Vice versa, if it turns out that the altcoins are dropping in price i will
buy altcoins. If both prices drop, I'll buy both. So the trading strategy I use is very flexible, depending on market conditions.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: South Park on February 14, 2021, 07:46:05 PM
If there were actually a point, a real defined point for taking profit, this would have been about that point where the change of trend would be greatly observed and about that point you'll find a hot spot for activities once the signal is given in the chart pattern.
Fortunately, there isn't anything such as these so, its always up to you to have a target and know when it is just about right to be contented with what you've gotten from an altcoin trade. Greed is always going to kick in once you tend to have reasons to make the most profit. It chocks!
The problem is that for most coins there is no point like that, in the case of bitcoin despite its volatility the price moves slow enough for you to find one of those points, to find a point in which the trend changes and allows you to sell for profits with relatively ease, but for most altcoins this is not true, they move so quickly that unless you're watching the market as that turning point happens then you're not going to be able to sell fast enough in order to keep whatever profit that you had from holding your coins, which is yet one more reason why it is so difficult to become profitable while trading those coins.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Pamadar on February 15, 2021, 01:29:51 AM
If there were actually a point, a real defined point for taking profit, this would have been about that point where the change of trend would be greatly observed and about that point you'll find a hot spot for activities once the signal is given in the chart pattern.
Fortunately, there isn't anything such as these so, its always up to you to have a target and know when it is just about right to be contented with what you've gotten from an altcoin trade. Greed is always going to kick in once you tend to have reasons to make the most profit. It chocks!
The problem is that for most coins there is no point like that, in the case of bitcoin despite its volatility the price moves slow enough for you to find one of those points, to find a point in which the trend changes and allows you to sell for profits with relatively ease, but for most altcoins this is not true, they move so quickly that unless you're watching the market as that turning point happens then you're not going to be able to sell fast enough in order to keep whatever profit that you had from holding your coins, which is yet one more reason why it is so difficult to become profitable while trading those coins.

You need to have full knowledge in order to take this advantages.

Your skills in monitoring the movement will guide you to find certain point to sell your assets, in-case that you wanted to continue the
chase, you can buy low and sell high. It's always depends from how you percepts and how high your trust with certain assets, not all
can provide you the benefits that you are aiming but as long as you are updated from how things are working behind, you'll always find the position that might gives you some edge.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: blockman on March 10, 2021, 06:44:43 PM
^
I've seen that lately coming round in the forum, and because of that, I'm not going to look at it.
@op it doesn't much matter to me, as long as I've gained through it whether, in BTC or USD, I'm taking the profit nevertheless.



Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Fredomago on March 11, 2021, 02:36:59 AM
actually no one knows for sure when to dump / pump depending on predictions and estimates and it will not always be right if you want to take it as safely as possible not looking for a profit above 30% and immediately selling it and waiting for the moment to buy back, but that can also be wrong because market is not fully predictable.

It's hard indeed! there's no accurate predictions as most are just according to speculative guesses, taking your profit in each time opportunites comes your way.

Avoid being greed and be contented with any profits, small are much better than nothing.
Most of the time those who are aiming for too much got stucked or lose their invesments.

Expecting that corrections may take place and how volatile the market can be, there are lots of factors to consider in taking your money out from your investment inside altcoin assets.


Title: Re: When Do You Take Profit From Your Altcoin Bags?
Post by: Wahyuihib on March 11, 2021, 03:07:21 AM
Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?




I do not have a specific strategy in making purchases. but the activity that I often do is monitor the movement of the alt prices that I buy. this is a simple way