How to tell when to dump an entire project/coin? Overall gain loss...

[jimlaman8]

Im becoming more familiar with things each day but much to learn here.  (honestly only been about 3 weeks if that)

They say start small, not sure if i did, i mean i did at first but things ballooned, im at 8k overall, with the bulk of it going to what are long term stable projects from research and advise (almost 1 eth, xlm, ada, dot, nano between 1k and 500 each, etc).  The other small percent were small dollar dumps into hoping for mid run moon shots ($100-150 or less per each, ie: safemoon, bonfire, spore, btt etc)

So in looking at the day to day gain loss for the big picture in coinstats i see it vary from minus 300 to plus 600.  If i look individually its not so bad, ie: eth is plus 300, etc.

**So my questions are in looking at the trading graphs, when do most decide to bail on a project.. ie: example BTT .. it started flat, peaked, went down, then seemed to go up but now for some degree of time its been constant horizontal or flat lined.  Granted this one i didnt put much in, probably not worth bailing on it, but when do those that dump way more bail (IE: $1000+)?

I feel like i should maybe consolidate since i have around 16 overall, though diverse, but if i had put a lot more into the big 4, over time they'd gain more.

I guess in reality this could take years to see profit on the smaller ones.  I see why some dump a lot more in the beginning if research shows the coin has potential, but i wanted to spread it to start.

Any suggestions or tips on what to look for in the graphs (i've read some articles about how to connect things and do triangles and look for features, rsi etc).

Thanks in advance

[jackg]

Have you been buying these coins from the market or buying an ico?

For an ico I'd say if it doesn't reach and trade at about 75% of the coins price within 24 hours after it's been listed, that's probably a good time to sell.

In the chart and news you'd look for dramatic moves that have occurred and anything that doesn't look like it's just being manipulated (eg a bull flag, a wedge or a triangle that seems to follow some sort of order - like 5 bounces before a breakout).

I'd look at the volume too and how that compares, if the price increases but volume doesn't then that might be something to take note of... Also the order books are going to provide quite a bit of information as to how sought after the coin is. No swing trader wants to be holding bags they can't sell.

[Insanerman]

~

Judging by your statements with regards to your investments, you seek more on to mid-long term investing yet seeks to look for your average daily loss of your portfolio. Hence, I would suggest that you should consider knowing what really drives you to spend your money on such tokens/projects/coins. If you seek for a real mid-long term because you know that the project has great fundamentals plus a developing system and increasing community, then you must avoid to look for your daily losses as it would only stress you out. If ever you seek for profit for coins in newly created meme/shitcoins. then Degen Investing (quick in and out) is a preferred way to do so. Still, you should know the background of a project and a coin first by reading its whitepaper before investing in it. With that, you must finally learn not to drive yourself with FUD and red markets. Lastly, invest only what you can afford to lose.

[Bitcoin_Arena]

One thing I can tell you is that it's easier making profits right now because it's a bull market. Be very careful not to be greedy or else your profits can get wiped off overnight. Once the bear market starts, you can sell off your assets for stable coins so that your profits are not affected by the dump and then buy the dip and start off allover again with a new bull market. The bull market can only last about a year but bear market can even go for up to 3 years.

So you should be ready to wait for the perfect opportunity. This is why you should you money you can afford to do away with for years.

[jimlaman8]

One thing I can tell you is that it's easier making profits right now because it's a bull market. Be very careful not to be greedy or else your profits can get wiped off overnight. Once the bear market starts, you can sell off your assets for stable coins so that your profits are not affected by the dump and then buy the dip and start off allover again with a new bull market. The bull market can only last about a year but bear market can even go for up to 3 years.

So you should be ready to wait for the perfect opportunity. This is why you should you money you can afford to do away with for years.

By not get greedy, do you mean not buy into too many at once?  Does this mean during the bull put as much as possible into ones that succeed and then only trade off the profit portion and leave the rest?  Or trade off entirely to another coin?

In the case of my current lineup, i have put most of the funds into the ones that should be long term rides, or so i thought (asterisk), the rest are either slow burners or late arrivals, or crap coins wildcards i figured i'd just throw a few bucs at just in case (doge, shiba, safemoon).
I definitely think i wont be touching the eth for years, maybe even cardano.  I suppose i could consider skimming the profits (if i dont run into tax killing it, i guess it wouldnt on a trade) on ones like stellar, vechain, litecoin
It may take some time on those though, ie: stellar so far is plus $28, nano is $75, cardano however, already at plus $309 etc.  (this after 4 weeks and i added a bunch more to these in the last few days).   If the market busts by july i guess im in the long haul (on 9k, small dollars to most).

*Eth          39% (almost 1 eth)
*Cardano   22%  (1161)
*Nano        12%
*Stellar     4% (663)
Vechain    4% (2300)
LiteCoin   4%
*DOT       0.9%
Bittorrent  1%
Tron     1.5%
Verasity  1%
Helium   3.7% (soon to mine)
Safemoon 0.9%
Doge   4% (1100)
Shiba  2%

[cryptoaddictchie]

That's depend on your belief actually. I think coin has potential and you can see it if they have it. The best way is always to hold portions of that coins whatever it is. Cause we don't know what progress or development or any kind of surprises that coin might pull.

Thats my regret when I am taking profit to left some bags of those coins that could literally give me more fortune. Its not advisable but can also dumped barely but that's a risk we could always wager on crupto industry.

[mersal]

Flat line doesn't mean the project is died, its still surviving if the circulating supply is in considerable amount and it depends on project to project so we can't draw a line when to dump based on the market movements alone. But what the best practice from the successful investor is dump the projects when its started to rise at a faster speed than how it used to be normal they they will wait for a project to get dumped and show some hope of rising.

[slackovic]

By not get greedy, do you mean not buy into too many at once?  Does this mean during the bull put as much as possible into ones that succeed and then only trade off the profit portion and leave the rest?  Or trade off entirely to another coin?

In the case of my current lineup, i have put most of the funds into the ones that should be long term rides, or so i thought (asterisk), the rest are either slow burners or late arrivals, or crap coins wildcards i figured i'd just throw a few bucs at just in case (doge, shiba, safemoon).
I definitely think i wont be touching the eth for years, maybe even cardano.  I suppose i could consider skimming the profits (if i dont run into tax killing it, i guess it wouldnt on a trade) on ones like stellar, vechain, litecoin
It may take some time on those though, ie: stellar so far is plus $28, nano is $75, cardano however, already at plus $309 etc.  (this after 4 weeks and i added a bunch more to these in the last few days).   If the market busts by july i guess im in the long haul (on 9k, small dollars to most).

/snip

A friendly advice... Never post how much money you have on a public place like forum. Instead post what percentage of your portfolio goes to a certain project you have invested into. It's because of your own security (you never know when someone will link your forum account to your identity) and because it's not important. For someone $200 is a month salary and for other it's pocket change.

As for your question, when project "moons", it's good practice to get your initial investment out and leave the rest until you are satisfied with how much you have earned.

[jimlaman8]

A friendly advice... Never post how much money you have on a public place like forum. Instead post what percentage of your portfolio goes to a certain project you have invested into. It's because of your own security (you never know when someone will link your forum account to your identity) and because it's not important. For someone $200 is a month salary and for other it's pocket change.

As for your question, when project "moons", it's good practice to get your initial investment out and leave the rest until you are satisfied with how much you have earned.

Yeah realized that and divided things up into % thanks.

Thats the part on the mooning unsure on, i guess ill have to trial and error this.  For instance, using random numbers as an example, suppose profits are only $300 (ideally i guess 10x this), clearly not (or maybe not clear) worth trading off $300 of the coin to another coin at that point, i guess i need to decide when to do that if ever.  IE: obviously if its a long term coin then i guess i wont be touching for 1-5 years and have a heart attack during the cold winters of bear runs when the value drops back into negative for awhile.

EDIT:  opps, i guess by "get initial investment out" you meant take away the initial money not the profit (or withdraw or trade for another coin the initial), in this scenario, say you put 1k in and it hit 10k, you withdraw or tradeaway (less tax issue on trade) only 1k worth? Leaving the rest?

Probably more ideal if i had some coins that would moon into decent levels of profit within 6 months to trade that around, maybe still will.  So in doing so, i guess i see what that value of profit is for another stable coin and put it into that one, though i wonder if thats the best method because maybe if you do the math its not.

[jimlaman8]

last few days makes me just want to dump everything, loss or not, the market is crazy low right now, i guess scary for newbies like myself, but im holding.

[tabas]

last few days makes me just want to dump everything, loss or not, the market is crazy low right now, i guess scary for newbies like myself, but im holding.

Keep the faith and hold. If you think that you're doing good with all of the altcoins that you're holding, you don't have to show that you're panicking.
Remain calm because these drops will pass by and if you are ever able to conquer it, that's where the learning starts. If you want to dump, just don't dump all of it yet at least remain some remarkable and good coins.

[jimlaman8]

last few days makes me just want to dump everything, loss or not, the market is crazy low right now, i guess scary for newbies like myself, but im holding.

Keep the faith and hold. If you think that you're doing good with all of the altcoins that you're holding, you don't have to show that you're panicking.
Remain calm because these drops will pass by and if you are ever able to conquer it, that's where the learning starts. If you want to dump, just don't dump all of it yet at least remain some remarkable and good coins.

Yeah or buy a lot at a great discount too

Holding strong.

[senyorito123]

last few days makes me just want to dump everything, loss or not, the market is crazy low right now, i guess scary for newbies like myself, but im holding.

Keep the faith and hold. If you think that you're doing good with all of the altcoins that you're holding, you don't have to show that you're panicking.
Remain calm because these drops will pass by and if you are ever able to conquer it, that's where the learning starts. If you want to dump, just don't dump all of it yet at least remain some remarkable and good coins.

Holding such coins needs trust, faith, and knowledge. Sometimes it's price goes up or high so better fix your mind that it is just a normal thing in cryptocurrency. You need to be strong to think the right decision when facing such hard situation because in the end l, it is your decision matters because you are the one who can tell what is good enough for you.

[yazher]

last few days makes me just want to dump everything, loss or not, the market is crazy low right now, i guess scary for newbies like myself, but im holding.

It will make it more scare when you hold a wrong coin thinking that it will regain back its price after it completely falls. Like the other coins that my friend is holding where it completely fell its price to -98% and it never recovers even though we already have the biggest bull-run we already have in the history of the cryptocurrency. That's why most of the people raised their questions regarding this matter because most of the time they invested huge amount of many and they don't want to waste everything when things like that happened.

[ipanks]

last few days makes me just want to dump everything, loss or not, the market is crazy low right now, i guess scary for newbies like myself, but im holding.

Keep the faith and hold. If you think that you're doing good with all of the altcoins that you're holding, you don't have to show that you're panicking.
Remain calm because these drops will pass by and if you are ever able to conquer it, that's where the learning starts. If you want to dump, just don't dump all of it yet at least remain some remarkable and good coins.

Yeah or buy a lot at a great discount too

Holding strong.

Calm down bro. The market will recover soon. But if you want to sell some amount to make a profit and buy back at a low price, you can do that but I will not suggest you do it right now because the price now is down and if you sell it now, your profit will not be bigger. This time is a good time to buy more for every coin you have, so you can increase each coin you have. It is just another correction that always happens to the crypto market so you do not need to worry.

[slashz9]

if you want to play in a new project and make a profit quickly then graphics are not really needed here but if the goal is a good project and lasts for the long term then buying coins like eth is the right choice.
new project listings you only need to rely on fundamentals or news that will come out about the project then make an analysis and estimate whether the value will increase or not because of the news after that you come out and look for new projects again, regardless of whether you lose or win.

[tabas]

last few days makes me just want to dump everything, loss or not, the market is crazy low right now, i guess scary for newbies like myself, but im holding.

Keep the faith and hold. If you think that you're doing good with all of the altcoins that you're holding, you don't have to show that you're panicking.
Remain calm because these drops will pass by and if you are ever able to conquer it, that's where the learning starts. If you want to dump, just don't dump all of it yet at least remain some remarkable and good coins.

Yeah or buy a lot at a great discount too

Holding strong.

Yup, it's either buy and hold. Any of the two works effectively during the corrections.

Keep the faith and hold. If you think that you're doing good with all of the altcoins that you're holding, you don't have to show that you're panicking.
Remain calm because these drops will pass by and if you are ever able to conquer it, that's where the learning starts. If you want to dump, just don't dump all of it yet at least remain some remarkable and good coins.

Holding such coins needs trust, faith, and knowledge. Sometimes it's price goes up or high so better fix your mind that it is just a normal thing in cryptocurrency. You need to be strong to think the right decision when facing such hard situation because in the end l, it is your decision matters because you are the one who can tell what is good enough for you.

And that decision will satisfy you if you know that you did the right thing. Just like what he said, he's holding and there's no need to think of any other thing but to vision the long term effect of the decision.