Potential of an altcoin

[ElaineGanda]

Potential of an altcoin is always unpredictable. Some of those coins can change your life either into good way or badway. There are coins that have a full potential to pump in a huge amount of percentage and even double up the existing market price and that is when you can change your life in a positive way but there are coins also that is possible to have some market loss in a great amount of percentage.

[terciduk123]

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 definite calculation or target to take a profit, if you have made a profit of 600% it is already very large and you can sell it, but if you are still sure the token will continue to rise you can continue to hold it until you get thousands of percent profit. Most important is profit regardless of nominal, is better than loss.

[shoreno]

what is that inj coin is than enjin coin ? enjin is an old project and its not bad to compare it to other established coins but if this coin is not enjin coin and its only a new altcoin i would be shy to compare it with established coins in the market today but i will be happy if i hold it till it reach 600 percent profit but i will sell after that because thats already too much and you dont know whats next to happen but it may collapse and leave you crying if you will be greedy .

[lousie9]

You do not have to equate your altcoins with other altcoins how much they gain if you know you have the potential to hold altcoins you have to wait for the price to rise even more but in your case your profit will be large if you buy altcoins gain 600% for me you can now sell it and buy some other altcoins with potential and longterm so that your profit will increase even more by buying other altcoins with potential.

but if you buy the top altcoin of your choice at the current price then you should really be prepared for the next market situation. we will never know the movement of a coin price or market conditions can last long or not. But talking about the potential there is no doubt for the top coins in the market and if you have bought then have to be patient, don't panic, don't be greedy and always monitor the movements of your portfolio.

[tygeade]

Comparing it to another coin that is similar wouldn’t do no good. Take for example ; we all know that Ethereum was created for smart contracts and there are so many other altcoins out there that were also created for the same purpose and they were even created to be better than ETH in so many areas, but still ETH continues to grow while most of these coins are just falling everyday, ETH doesn’t determine where they are heading to, ETH can be increasing and they are all decreasing.

So, you can’t use a similar coin to compare, because one can be better or have a stronger community than the others. And since you have gotten another profit, maybe it’s best you sell some part of the money.

[fuer44]

each altcoin has its own potential, graphics and market cap. but if you want to compare about the profit that can be obtained, I think you can see etherum. from $ 100 and now $ 1800, an incredible increase. That is, if it is calculated from the percentage increase, if it is calculated from the initial price and the increase and the current price, it is difficult to compare the same with your coin. because the start price must have been different and also the graph of the increase.

[nicecrypto]

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.

What else do you want to compare? you already said you made about 600% since you have invested in that crypto and this is definitely the time you take profit with out question and if you look at it, this kind of mentality is why people miss out in taking good profit as they continue to wait for more high profit and wake up one day and the price is 50% again of total investment  .

[Noctis Connor]

Comparing all altcoins into one doesn't seem to be fair because there are different coins from the start every coin yes they had potential to increase itself depends on the supply and the demand people are now looking for there investment to be grow if they can easily think that investment into coins gives them a huge profit then you can easily compare it as you can see into the market graph from exchange website coins can be volatile or stable like i said it always "depends" if you wanna make a good profit set a goal.

[Xinarae*]

Every currency in the crypto market develops over time so when a currency rises will depend on the market conditions. Currencies are not dependent on the market rise upwards on the basis of demand the higher the demand for that currency the higher the price all other altcoins develop on a supply basis, so it is difficult to predict their potential but now the demand for crypto is increasing due to which investing in altcoin is becoming very profitable. Cryptocurrencies cannot be compared to other currencies it is not stable currencies are profitable for price rise and fall.

[sgenuine]

Altcoins are more suitable for trading, investments are profitable, but only in the case of a non-long-term perspective. Altcoins are usually backed by some kind of business and functional value, which leads to their natural growth.

All price changes are directly related to the position of the business behind it. Therefore, how to choose the right potential coin that will bring the desired money is necessary with the calculation of assessing the prospects for the development of the project. If you chase a small price, then you can really get in not good situation.

[Jamesdila1]

They estimate where the market cap may be in the next few months. Take the market cap, divide it by the number of coins in circulation, and you have the new coin price.
Look at what it is their creating. If it's rather niche don't expect it to hit BTC market cap. That doesn't mean you cant make considerable gains though

[Father Bitcoin]

it seems you don't need to compare with Bitcoin which is similar to what you have, you better focus on the profit opportunities you can get, if you feel that you are already profitable enough, you can sell the altcoins you have, because if you compare too many altcoins you with other similar altcoins will only make you dizzy

[tabas]

it seems you don't need to compare with Bitcoin which is similar to what you have, you better focus on the profit opportunities you can get, if you feel that you are already profitable enough, you can sell the altcoins you have, because if you compare too many altcoins you with other similar altcoins will only make you dizzy

That's one hard part for those altcoin holders that have seen their coin being held in profit. They'll wait furthermore because they'll think that there's more profit that's about to come.
But within a flash and split seconds, they'll see the dump and will miss the opportunity of selling it.

[marilynmanson21]

You can't compare it, each altcoin has its own potential and uses, you have to focus on finding altcoins that haven't gone up, and studying the potential of these coins. If you don't find the potential after research, you can look for other coins, because each coin the price can go up above 200%. To be on the safe side, look for altcoins that have a top 100 ranking on coinmarketcap.

[Negotiation]

It is not right to compare one altcoin with other altcoins because the altcoins do not increase in price at the same time these tend to rise over time based on market demand it will depend on the person himself. The market confirms that altcoin will have the potential to increase in price and that investing in it will be profitable the potential of altcoin depends on the market.

[xSkylarx]

Not all altcoins can increase more than 100%, OP said he already gain 600% from the price he bought so I think it is a good time to sell. Don't think that it will go up more because the more you think of it, you forget when to take profit. You will just realize that when you start to sell that you will only gain less than what it was before because your mind keeps telling you that it's just a small correction and it can still go up more. If you are still confident that it can go up then sell only a portion of it then find other potential altcoin to invest.

[gurunanakji777]

You are already in huge profit. 600% profit is awesome. It totally depends on you how much you are expecting from the coin you invested. Everyone sets targets according to the potential of coins. I did not hear much about INJ but the price of INJ is really good. You don't need to compare with other well-established coins when you already made a huge profit. If you think it will rise more you can hold but my advice would be to sell at least equivalent to your principal amount so that your risk would be zero but If I were you I would sell 50% of holding till now.

[javainn]

for me your analysis must be realistic. maybe you don't compare too much with established coins, you are just doing an analysis of the increase in the coin chart. where the 30% increase benchmark is good for the coin because in my opinion the safest point is 30% and that you can make as a starting profit

[nightxglow]

I don't think comparing with other altcoin will help, since each coin is really different, and have so many other factors affecting them.
And 600% profit for altcoin is really great already. I think you just need to set the target, like how much you expect the profit, and make it reasonable. Don't be too greedy and stay rational. Try to analyze and see the trend, if you see the probability it might go higher, then you could wait for a little bit more. But if the trend is going down soon, i think you can sell it asap since you earned a great profit already. But if it's great and have big potential to be a long term investment, you might need to consider that chance as well.

[rosebrand]

Sorry but you can't compare altcoins together because there are not from same projects some altcoins got good project with hard-working team members ensuring the growth of their token while some is the opposite. 600% profit is actually a good one to exit the market buy most times are greed don't let us take profits while in profit that's why a winning trade turns out most times to be a loosing trade, I think u should try this strategy of selling half of the altcoin you hold at 600% and leaving half to flow while you watch the market. As you maximize your profits try to control your greed also.