Altcoin profit - when is being greedy too greedy?

[JamesDaniel90]

I hold an altcoin called Arcblock which I invested in last year at an average price of £0.09 and it reached an all time high earlier this week of £3.72 which is a 40x return. Current price is £3.35.

So far I have taken out my investment (£300) plus £1.6k profit but I am wondering if I should take more now or continue holding as we still have months to go, possibly even another year until the peak of the bull run so feel the price could go a lot higher.

On one hand I don’t want to sell too early , I believe Arcblock can reach at least £15 this bull run, some are even saying as high as £50 which is crazy to think as that would give me over a 500x return, but I’m not sure about that.

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.

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.

[Tipstar]

This is really a complex topic. In the last bull of 2021, I booked my profit too early and left the market with USD and as I watched the coins that I had just sold rise, all I had was less profit, more regret. We are nearing another bull and as the price rises, both fear and greed fights inside our mind.
Selling your coins on all time high is a myth. You can neither predict nor execute it. The best thing would be to sell as close to that high as possible.
Someone did shared some strategy which I like and am rephrasing it. For a coin you plan to keep long term,
Put 50% of your coins at x2 of your buy price. When this order executes. You'd get back your investment and the remaining 50% of coins would be your profit.
Keep the 50% of the remaining coin (25% of initial buy) on x3, when executed, it brings 75% ROI to your investment.
Likewise keep half of what is left (12.5% of initial buy) on x4. This way you could go up till the price point you believe the coin could rise.
Might not work with bitcoin but is valid and achievable for newer promising altcoins.

[JamesDaniel90]

Yes that is my main concern selling too early.

I could sell my whole bag now for a 40x return but it only takes the price to now 2x in price for me to have an 80x return so its a big difference.

The current price is £3.40 , I think I will just continue selling in parts as we go up in price my next sell target is £4.25 I will take more out then.

[peter0425]

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?

If I were you this is what I would do. With altcoins, it’s hard to determine whether it could still go up or would it be the highest peak before it crashes out. Everything happens abruptly as well so it’s hard to save some of your profit while being sensitive to time. The safest bet would be to do this. At least you’ve got some of your profit out already and if it continues to go up then it’s just a win-win situation.

[Kelward]

The crypto market is volatile, and all what we can do is speculate prices, not knowing whether the coins/token we hold will dump or pump. You've in a spot now to make decision to sale and put the money in your housing project or leave your crypto project in the hope of getting more ROI, I think that since you have made tremendous profit so far, and have recovered your investment fund, it'll be good to leave some, but the percentage to leave has to be your decision. Unless if your housing project requires some urgency to finish it, otherwise it's best not to sale a promising crypto that has the potential to be bullish in this season.

[JamesDaniel90]

Can I also ask, now that this altcoin has been performing really well over the last 6 months am I correct in assuming it will at least survive the rest of the bull run?

Or can altcoins crash at any point even during the bull run stage?

I don't want to get too confident with it and just assume it will still be around in a year just because of the recent rise if that is not always the case.

[X-ray]

the thing is that you just never know whether in the next months or in 6 months your coin gonna pump or dump, its overall a hard decision to make when you don't even have any idea what future gonna be, but i'm myself always set a rule if cashing out the profit for the sake of whatever needs i want to fulfil is somewhat worth it, for example, i want to buy house, then its worth it regardless the price of altcoins keeps pumping or not, a profit is still a profit.
regret after selling altcoin is unavoidable anyway, you just wasting your time over thinking it, there's always opportunities in the future that you can take, but if you are so sure with the investment and thinks that the profit you make by holding longer may be life changing for you and a massive help, then I guess it depends on you to decide.

you're the one that knows your own financial condition the most, this decision is entirely up to you.
but yeah there are some other strategy that may not cause future regret of not holding longer like stated by some people before, just sell half of it if you're so adamant to fulfill your needs and keep the rest.

[JamesDaniel90]

I am just trying to imagine what it would be like in both scenarios.

If it was to crash today, yes I could have had a lot more profit If I had played it safe and taken more out but at least I will have still banked £1.6k profit and not lost anything.

If I was to sell today and it does another 10x from current price this bull run, that would annoy me more as we would be talking tens of thousands of pounds extra I could have had.

I will continue to hold for now and see how the next week or so goes, current price is £3.45 and my next take profit level is £4.20 so will take some more out then.

[VFalcon]

Looking forward to alts season now, FOMO is high and you have to be willing to take risks. I'm preparing well, but I'm still continuing to staking TFS for backup, at least it will help keep me in the market

[JamesDaniel90]

Looking forward to alts season now, FOMO is high and you have to be willing to take risks. I'm preparing well, but I'm still continuing to staking TFS for backup, at least it will help keep me in the market

Yes you do have to take risks.

Many like to play it safe and that's fine if you have good money to start with but if you don't then you have to take a gamble like i did here.
It was only £300 over a 3 month period I put into this altcoin and it is now number 1 in my portfolio. 

I am hoping to end this bull market with good money to then play it more safe in the next bear market in 2026.

Hopefully alt season is only a month or so away now, fingers crossed.

[Apocollapse]

Can I also ask, now that this altcoin has been performing really well over the last 6 months am I correct in assuming it will at least survive the rest of the bull run?

Or can altcoins crash at any point even during the bull run stage?

Altcoins can crash even during bull season because the bull caused by Bitcoin, which mean Bitcoin is the coin that has 100% guarantee the price will increase, while other is either following or die. It can die because people who invest in altcoins choose to cut loss and shift to Bitcoin, which make altcoins no longer have any volume.

You can check there are many altcoins price are keep declining despite Bitcoin price tend to rise.

[Strongkored]

Investors or traders who have experienced several bullruns will face situations like this, and there are those who managed to get maximum profits or not, but the sad thing is that they didn't even get any profits at all because they left the market too late and even ended up becoming long-term holders or even seeing that the price of the coin has no value, you have to be careful in the altcoin market because it will actually be difficult for investors or traders to know which is the highest price and also the lowest price. Understanding the risks and getting a profit of 40x-100x is much better than failing to get a profit.

[StreakW]

In my opinion, taking some of the profits from altcoin investments is a good move when the price rises. it is an opportunity that cannot be missed because we don't know whether the price will continue to rise or even when it will reach its peak. Therefore, while the price is rising and it is profitable, take the opportunity to make a profit.

[jrrsparkles]

I hold an altcoin called Arcblock which I invested in last year at an average price of £0.09 and it reached an all time high earlier this week of £3.72 which is a 40x return. Current price is £3.35.

So far I have taken out my investment (£300) plus £1.6k profit but I am wondering if I should take more now or continue holding as we still have months to go, possibly even another year until the peak of the bull run so feel the price could go a lot higher.
 

So as of now you made profits which is quite high you chose to decide only a small percentage from it like 20-30%, but I would say get your 50% profit and reinvest them into some other coin which is the most conservative method from investment perspective but if you believe it can still rise and you already took more than you staked then there is no harm in taking the gamble but you should accept whatever the result whether it rise further or comes down to zero.