When Do You Take Profit From Your Altcoin Bags?

[Gozie51]

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.

[lienfaye]

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.

[TastyChillySauce00]

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.

[kawetsriyanto]

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.   

[ivankoh]

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.

[FireBallex]

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

[bitzizzix]

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.

[JeffBrad12]

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.

[deean_3one]

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.

[isaac_clarke22]

~

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.

[South Park]

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.

[kram31]

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.

[Ridwan Fauzi]

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%.

[Nanda Dewi277]

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.

[meldrio1]

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. 

[akar87]

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.

[ARTCOINSLV]

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.

[ARTCOINSLV]

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.

[ivankoh]

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.

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.

[South Park]

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.