Altcoin profit - when is being greedy too greedy?

[JamesDaniel90]

Dump my friend. I have experienced missed $350k unrealized profit at 2021 bull run. I just tell you that if you will be regretting it once you will not able to sell your bags at new ATH. It's kinda stupid to believe your money will be going even higher than this time. The better to take a look at what stack has done. It was going back down again.
Im expecting parabolic chart for arcblock after this. It was never reaching a new ATH since it was getting listed. This is the time for you to sell it at the top. Don't be so dumb and greedy. You will be regretting it once you will be missing a chance to sell your tokens at the top.
Think about that my friend. The pump will never be forever. I remind you there was no a strong reason why this token gets pumped so hard like this time. The better for you to cash out it at least a half from your investment.
Expecting you to get more is a very risky decision.

We still have many months left of the bull run including the parabolic stage so it can hit £15+ easy.

The whole market is dumping currently, not sure why.

If you didn’t sell in the peak of the last bull then that is a stupid mistake to make, I will not be making that mistake and will cash out most of my profits by the end of this year.

[uneng]

Yes, it's definitely a good idea to start cashing out your profits, since you have already made x40 profit. That is a lot of profit, even when compared to the profit made through BTC by the early investors from previous bull seasons. If you are so confident this altcoin is going to hit 15$ by the end of this bull run, you can keep holding some portion of them to see what happens. However, it's highly advisable that the largest part of your portfolio should be put for sale already, so you can guarantee the x40 profit made.

It doesn't make much sense to take high risk after high risk without enjoying the fruits after all. It's similar to the story of the addicted gambler who keeps betting, chasing losses, and even when he is successful on the process, he doesn't cashout, but keep pursuing higher and higher betting rewards, as to win was the final goal, while the final goal should be in fact to put the winning into good use.

[3la9l_kolbaCa]

I know taking profits is never a bad thing but could cost me a lot if this does continue to grow in price a lot over the next 6-12 months , that is my concern.

That's the risk on every investment, we need to sacrifice a lot of things particular with capital investment we had.
There's a lot of concerns not just you but for many traders including me. What I value nowadays is keeping my asset within control, don't easily dump when you see potential rise might soon take a big break.
Long term holding needs a lot of patience, eventually our undertakings will become successful once our goal is reached.

[lalabotax]

One of the temptations that often makes us regret it in the end is being greedy, especially for altcoins which are quite new and don't have a good and strong position in the market. I often do it, hoping it will go up again and again, but in reality it's the opposite. Greedy is one of the reasons I procrastinate taking profits even if it's only a few percentage points. In fact, you just leave it until in the end it becomes trash and the tokens are no longer valuable.

So, in my opinion, it doesn't matter if you still want to continue holding. However, in my opinion, at least you have to take profits first to return your capital in these coins. So in the future, if these coins continue to survive and the price is high, it will really be a bonus and reward for you. However, if it turns out to fail, at least you have returned your capital and didn't lose.

[kentrolla]

This is not being greedy but rather utilizing the bull run to the fullest because we often make the mistake of early cashout but yeah sometimes we end up missing out the peak assuming there's more surge to come and I have experienced both be it selling Bitcoin and $1000 or holding Altcoins when they were 50x in profit but didn't sell and ended up in loss during bear market. It's difficult to comment much on this topic.

[goaldigger]

This is not being greedy but rather utilizing the bull run to the fullest because we often make the mistake of early cashout but yeah sometimes we end up missing out the peak assuming there's more surge to come and I have experienced both be it selling Bitcoin and $1000 or holding Altcoins when they were 50x in profit but didn't sell and ended up in loss during bear market. It's difficult to comment much on this topic.

That could be true as we are all aiming to become more profitable and yes of course we have to be more aggressive during the bull market as we all know, we can have a better chance here to make profit and if you do have that money, then why not utilize it to the fullest. Either with Bitcoin or altcoins, you should have your target price always so you can know when to buy and sell, to secure the profit no matter what.

[Huppercase]

On the other hand I moved into my first house 6 months ago and the amount I can cash out now will help pay towards some of the work we want done to the house.

I have not been in this position before, it is my first bull run and this is the first investment that has given me 40x return so not sure what is best to do.

You see,  one of the reason why people make millions and lose millions the same market they made it, it's because they don't have experience. Statistics said it that people who make their first large amounts of money lose it carelessly and that's what you are doing.

If you have made such kind of profits, why not just the profit and reinvest the capital, a place where you made your first big money can make you more again if you put more effort into the things you put into consideration that help you in the process to win the first one. Take that profit and make use of it outside crypto, don't lose your money into shitcoins.

I am leaning towards cashing out half of the remaining amount I have left and then leaving the other half until the peak of the bull run but is that too much too cash out this early or is it the smart thing to do?

I know taking profits is never a bad thing but could cost me a lot if this does continue to grow in price a lot over the next 6-12 months , that is my concern.

You are looking at the only bright side of crypto and that's a good thing but it's because you made a good profits but I'm sure the story would have change if you made -50% from your investment. Just know that altcoin that give you profit can also take it, the 40x you made can vanish under 24 hours if bad things happen to the market, that's the bad side of investing in altcoins.