Potential of an altcoin

[enhu]

Defi tokens today are hitting more than 600% though, I want profit I would probably just sell my INJ and then buy sushiswap tokens or DOT because its the one that spikes higher than the rest. It would be worth it if I have bought the INJ at such a cheap price. But ask yourself why you did invest in that INJ, maybe you like the project and you sort of support the team.

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[Twinkledoe]

Defi tokens today are hitting more than 600% though, I want profit I would probably just sell my INJ and then buy sushiswap tokens or DOT because its the one that spikes higher than the rest. It would be worth it if I have bought the INJ at such a cheap price. But ask yourself why you did invest in that INJ, maybe you like the project and you sort of support the team.

It is hard to assume that the profit will just continue to increase. Evaluate the project, do they have the capability to stay long term in crypto? Because that 600% profit can go down fast. Especially if the dev team decided to move on and abandon the project. So you need to be alert with what's happening around you. Be vigilant as they may be throwing some signals that they will not push thru their developments. Better sell it while in good profit, and just look for more established alts in the market.

[Dragonfund]

If you are have basic understanding of technical analysis, there is a way traders used ascending wage to measure the outcome of a trade especially when you bought them in accumulation zone, it will be easier to know when to exit the market regardless of the profit you already made.
On a second thought, why not exit the trade at this point? 600% is a good profit for an income. It's better to be in profit than to loose everything one day but if you are aiming higher and a long time then keep it because Enjin is a quality project.

[coinswebid]

Hi all, I would like to understand how to calculate the potential of an altcoin in order to understand when it is a good time to sell it.
In my specific case for example I bought INJ in December and now the profit is about 600% .
Should I compare INJ to an existing well established similar altcoin (if they exists) to understand its potential?
I know I should set in advance a price when starting to sell, but this could be 100%, 200% etc of profit but which to choose?


Thank you.

if we talk about profit, for sure its depends on you, wich mean how much profit that will make you enough mate
because for me if we can gain about 600% from one altcoin that really great ROI buddy

[Untomabur]

Defi tokens today are hitting more than 600% though, I want profit I would probably just sell my INJ and then buy sushiswap tokens or DOT because its the one that spikes higher than the rest. It would be worth it if I have bought the INJ at such a cheap price. But ask yourself why you did invest in that INJ, maybe you like the project and you sort of support the team.

It is hard to assume that the profit will just continue to increase. Evaluate the project, do they have the capability to stay long term in crypto? Because that 600% profit can go down fast. Especially if the dev team decided to move on and abandon the project. So you need to be alert with what's happening around you. Be vigilant as they may be throwing some signals that they will not push thru their developments. Better sell it while in good profit, and just look for more established alts in the market.

The problem is that we don't know whether the project can last long here,
and it all depends on the decision of the development team,
so I don't think we should miss any information about the project because if this happens it will be our own loss,
so stay tuned for information and developments

[coin-investor]

Hi all, I would like to understand how to calculate the potential of an altcoin in order to understand when it is a good time to sell it.
In my specific case for example I bought INJ in December and now the profit is about 600% .
Should I compare INJ to an existing well established similar altcoin (if they exists) to understand its potential?
I know I should set in advance a price when starting to sell, but this could be 100%, 200% etc of profit but which to choose?


Thank you.

Based on my experienced I don't do that, you are going to lose a lot if you treat all altcoins the same way you treat one that has potential, each coin has its own roadmap and time to pump, maybe the coin have their platform ready but not ready for adoption and some coins gets pump even when the platform is still in the drawing board, get the majority reaction of the community and investors and you'll get an idea if it's worth to invest now.

[tabas]

There is no need for you to compare the profits that you have from your other altcoins to another. As long as you're getting profits whether it would 5%, 1% or so on.
The logic lies is that as long as you get the profit, you should sell it if you want to make money from it. 100%-600% profit is already massive and you don't have to compare it with any other altcoin because they have their own percentage and movement.

[harizen]

Should I compare INJ to an existing well established similar altcoin (if they exists) to understand its potential?
I know I should set in advance a price when starting to sell, but this could be 100%, 200% etc of profit but which to choose?

People have different impressions and views regarding a coin being "potential". Either they looked at the community, future plans and developments, speculations, hypes, price movement, etc. Now, what factors do you have to call a certain altcoin as having potential?

And no, you don't have to compare each of the other altcoins to understand the potential. I don't know about INJ but surely, you do have a set of factors why you consider buying them before and now enjoying good profits the moment you sell it.

As for your final question, no one can tell you what's the exact thing to do regarding when should you sell. If you follow that coin since then, you can decide for yourself when to sell. You don't have to wait for a much higher target if you think it's good to sell it now.

[maxreish]

600% profit is already huge. You should put some profit limit whenever you buy a coin. Set target profit so you won't regret that you dont sell that off when market unexpected bear comes. You can't even compare that INJ to the other altcoins in the market. As long as it has a good trading volume,  still has a progress and update, then you dont have to worry that much.

"A wise trader knows how to run their profits"

You shouldn't be that greedy when it comes to your profit. Other altcoins do not gives that much profit.

[Kvalentine]

If you are the type who don't know how to take profits you will soon find yourself in the ground, one thing is certain in crypto space that's price fluctuations, you think that injective protocol will keep increasing in value? This is what many thought too in 2017 before bear market attacked, don't be a fool, 600% is too much already

[Inkdatar]

The market is unpredictable if a certain coin is already increase its price you must set a plan to sell some since 600% is high and the rest hold on your desired target price. Actually it is depends on your plan if the project roadmap is good that meets your standard you can take profit and hold for long term. Just take profit when you are happy and buy when decline or correction occur, just monitor the project update. .

[Vatimins]

     Don't go making things complicated op, I suggest that instead of comparing your coins or possessions in your portfolio(s), just go ahead and study the charts of your investments together with their developing teams and roadmaps. You need to check wether the market is heading into the bearish season or not by checking bitcoin chart and your altcoin possession chart. Next is to check the legitimacy of the project, the developing team and the timelines of the roadmaps and account their reasons as to why there are delays with the movement of the project itself(if there are any delays).

     You ae better off doing those things instead than just comparing your possessions since it is confusing and kind of loose when it comes to accuracy compared to the ways I suggested. This is not a financial advuce but a friendly advice since I have tried it and it worked for me many times. Good luck op.

[RealMalatesta]

Hi all, I would like to understand how to calculate the potential of an altcoin in order to understand when it is a good time to sell it.
In my specific case for example I bought INJ in December and now the profit is about 600% .
Should I compare INJ to an existing well established similar altcoin (if they exists) to understand its potential?
I know I should set in advance a price when starting to sell, but this could be 100%, 200% etc of profit but which to choose?

I end up checking what the potential of it based on what the community is thinking and what the market is doing and what the roadmap is like as well. I personally believe that if you end up buying something and it goes up, you probably know if you should sell or not based on your initial goal.

If I buy something for 100 dollars and I say that I will get out at 500 dollars and it becomes 600 dollars, I will just put a stop loss at 500 and wait, that way if it goes down to 500 I sell and still make 5x profit, if it doesn't drop that way and continues to go up, I will be still in profit by having the price keep going up anyway. So long story short, have a goal before you go in, if it goes beyond that goal, put a stop loss, and just keep on waiting, if it ever makes it to another goal you picked change that stop loss to the new goal and so forth.

[Rampagoe004]

If selling tokens at a suitable price, you must have principles and be consistent, for example, I want to release existing coins, especially see the contribution of a token and see comparisons with other coins in the market, especially coins of the same type that we have, when the altcoins have started to move up automatically you have to offer the right price so that the price passes that is the time for the altcoin to go up and we can sell it

[bison]

if you support a good project. and from the start you have participated in their token investment, you should have a plan when you sell and buy.
measuring the best value would be difficult. because the ability of the market can be beyond the reason and predictions that we do. If you have made a large profit, I think you should choose to get out of your investment and switch to another asset. try your luck in other projects.

[Casdinyard]

if you support a good project. and from the start you have participated in their token investment, you should have a plan when you sell and buy.
measuring the best value would be difficult. because the ability of the market can be beyond the reason and predictions that we do. If you have made a large profit, I think you should choose to get out of your investment and switch to another asset. try your luck in other projects.

Long term vision in a project is important to determine whether potential is present for a crypto or altcoin perhaps in this case. If the platform or the concept is already sketchy in the first glance then that should be a caution already whether to invest or not. Altcoin are believed to be good only for short term, but there are still altcoin which are surprisingly existing in a long run. Despite of an unequal ratio of the good over the bad ones, I think it is just the market analysis that would matter. There are good altcoin and there are not, so better not to be easy on choosing the good ones or if possible, the best ones.

[konflikkastil]

Sometimes I smile when people come out and start to open their buval cavity and be saying stuffs that are not real or correct. All these coins we are seeing, they all have a particular purpose they are intended to provides a solution too. So the time that they can pump differs. It's likeusing the price of a petrol to determine that of gold. Yes, I agreed some of the coin are built on the same or a blockchain technology. I think what can be a major boost to a con is the ability to bring big Investors who are ready to invest heavily on the coin. And they have to keep doing that till the coin gain some certain level.

[olabiyijummy02]

The best way to determine the potential of an altcoin is to look into the fundamentals that is looking to work the company is trying to achieve look at their roadmap as regards what they have achieved so far and look at what the project will it means to the capital space and also to the economy in general if it provides value there any coin is valuable if it doesn't provide value then when is not valuable as simple as that.

[jacafbiz]

Hi all, I would like to understand how to calculate the potential of an altcoin in order to understand when it is a good time to sell it.
In my specific case for example I bought INJ in December and now the profit is about 600% .
Should I compare INJ to an existing well established similar altcoin (if they exists) to understand its potential?
I know I should set in advance a price when starting to sell, but this could be 100%, 200% etc of profit but which to choose?


Thank you.

There is no formula in the space that is being used to calculate the growth potentials of these projects, one thing that is very important is the community and the users especially now that we have DEFI projects that people can use and tie down their capital into, also note this, you can't compare new projects and new one. A project with marketcap of $6 million and a Project with market cap of $600 million with give you different ROI in a year. New projects with huge potential tend to capture value fast in percentage as compared to established ones

[Oilacris]

Hi all, I would like to understand how to calculate the potential of an altcoin in order to understand when it is a good time to sell it.
In my specific case for example I bought INJ in December and now the profit is about 600% .
Should I compare INJ to an existing well established similar altcoin (if they exists) to understand its potential?
I know I should set in advance a price when starting to sell, but this could be 100%, 200% etc of profit but which to choose?


Thank you.

No, you cant really make all coins to have the same potential when it comes to price because each of them would really be getting different approach by the community which simply means
that price can be determined basing off into the demand itself.

If you did make 600% already then it isnt bad to consider on selling off those for securing those profits that you had made.These chances are really not common when it comes
to altcoin yet tendency of hard correction is likely.

Setting out specific level of gain and selling it off will really be varying on someones risk management because not all would really be having the same input or views
towards its investment.