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Author Topic: How quick do altcoins pump in bull run?  (Read 1872 times)
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June 21, 2023, 09:34:06 PM
 #21

I reckon it varies from altcoin to altcoin? Though if it's a really bad coin and the hype just got to it, then a day or two is more than enough for it to suddenly dump. If it was a good coin though, and some just hyped it up to profit a bit but still have a solid group of investors on it, then I reckon a week or two would be the frame before it goes down again (on the first pump that is).

The thing is it's really hard to identify good altcoins in the first place, so I suggest just selling them the moment you see a good enough profit margin from your initial investment. It's not too late to reinvest again anyway if you see things are going pretty well (in some cases, probably.)

R


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June 21, 2023, 09:41:21 PM
 #22

I reckon it varies from altcoin to altcoin? Though if it's a really bad coin and the hype just got to it, then a day or two is more than enough for it to suddenly dump. If it was a good coin though, and some just hyped it up to profit a bit but still have a solid group of investors on it, then I reckon a week or two would be the frame before it goes down again (on the first pump that is).

The thing is it's really hard to identify good altcoins in the first place, so I suggest just selling them the moment you see a good enough profit margin from your initial investment. It's not too late to reinvest again anyway if you see things are going pretty well (in some cases, probably.)

There's no concrete answer to what the OP is asking here as there are many variables in play.
What he can do is keep tab with the progress of the coins he is holding onto.
He will know where they are heading if he is also subscribed to their social media channels.
He should not only accumulate those coins but check the progress every now and then.
A lot of alts are going down without any prior warning. So one should be careful on holding too long.
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June 21, 2023, 09:50:00 PM
 #23

I understand that a bull run has a high impact on altcoins and at that when there is a market increase, it becomes evident in the price where the coin does an x price movement and that is what we must take note of, that as the coin rise with significant proportion same way, it drops when the market crash happens..


And one thing we must know is that, sometimes, when altcoin crashes it comes with a significant percentage which the coin may not recover from in a long time.

R


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June 21, 2023, 10:03:54 PM
 #24

Any advice on how to prepare when it comes to being ready to take profit?
Actually, we cannot guarantee how quickly or at a certain time the bullrun on altcoins will occur. sometimes the time when altcoins experience bullish is not the same between altcoins. And in my opinion, it would be better if we set a certain price target. Btw, don't be too greedy or have too high hopes for altcoin prices to touch ATH again. In the past, I always set prices that exceeded the ATH limit too much and in the end I didn't reach the target and there were no more opportunities to take profits. This is really a very valuable lesson to continue to monitor the market and the possibility of increasing its price. Or, we need to set some price targets so that we can at least enjoy the profits from these altcoins.

R


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June 21, 2023, 10:55:29 PM
 #25

each altcoin differs in term of market movement even in the bullrun but one thing for sure they are more in bullish sides than in bearish and they definitely gonna have quick bullrun
that easily shoots up their prices within short amount of time.
best preparation you could do to anticipate such bullrun is definitely making an entry in your investment at the lowest price possible since bullrun doesn't necessarily means its just gonna surpass its all time high but maybe
just gonna recover back to its original state before the massive collapse that we've seen earlier in previous year.

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June 21, 2023, 11:20:59 PM
 #26

Sometimes it happens with just a snap of a finger, sometimes it takes a day, and there are times it will take a week or a month.
A pump mostly is short-lived. There will be whales that will think the profits are enough to sell it back and then they patiently wait for the wave down when retail buyers are selling too due to the dump they did. If it reaches their buying point, they buy back which means another pump.

As a low-time investor, I try to just take the profit whenever I can, I don't want to get greedy into maximizing the profits because I've seen the worst. When you are caught by that dump that will be done by the group of whales then you are fucked. Instead of profits, you will be back to just ROI or you are so down that you need to wait for the next pump to come. But, it will still all depend on you. If you are somehow a high-risk taker and want to maximize the profits then go wait as long as you can. But I tell you, there's no sign that a dump will happen. It's a bad surprise. 

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June 22, 2023, 01:33:20 AM
 #27

Just wondering for those who were in the last bull run what it was like and how fast prices pump during the peak bull times?

Any advice on how to prepare when it comes to being ready to take profit?
For me, just like old times. After Bitcoin pumps, altcoins follow. But with this pump, it seems altcoins didn't follow at all, and as you can see the Bitcoin dominance is already back above 50% which means Bitcoin is showing why it's the king.
So if you are still expecting altcoins, for me be patient, altcoins are high-risk high rewards, so you will not get that reward if you are not patient, it takes time I believe, and that is the consequence of choosing altcoins of the king (Bitcoin).

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June 22, 2023, 01:50:31 AM
 #28

2024/25 will be my first bull run and I have been patiently buying and holding for over a year now.

Just wondering for those who were in the last bull run what it was like and how fast prices pump during the peak bull times?
What coins are you holding now? Remember that not all altcoins are going to soar high during bull season. However it can bring more profit if you invest in hype alts because the peak can reach x1000 or more if you're lucky. Diversify your portfolio by holding Bitcoin, established alts and coins that didn't reach its ATH yet.

Any advice on how to prepare when it comes to being ready to take profit?
Have set target price to sell or if you're happy with the profit you made. Gaining is our goal here so taking profit would be depending on your plan, just don't be greedy.

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June 22, 2023, 05:22:24 AM
 #29

A bull run may hit anytime, hoping you experience your first one is good but you must also appreciate the bear run while it's lasts. Both of these time periods have their own significance and it's not that bull run is good and bear run is bad. The bear run reveals hidden lacunae in the shitcoins causing them to reveal their full colours eventually leading to their downfall and weeding out. Bear market is the time to buy at the lows while you sell at the bull market.

So as far as preparation is concerned buy the coins while the bear market persists and sell them at the bull run.

R


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June 22, 2023, 07:27:25 AM
 #30

We can accumulate crypto for a long time and profit taking I also think the use of a long time to apply, as I have been through a few cycles before and have made many mistakes, I am not too much. Expecting a certain coin to reach the expected price, when the market starts to increase and there are many sources of money moving in, it is also easier to reverse the portfolio and take profits. A bull cycle can take profits in about a year, I think every 10% cashout monthly, or move into new categories where we feel more confident.

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June 22, 2023, 08:33:23 AM
 #31

Hello all, thanks for the replies so far.

I am currently holding 12 altcoins, 5 in the top 25 and the majority of the rest in the top 60 with a few outsiders that I am betting a small amount on to do well in the bull run.

I do not have a plan yet for profit taking but thinking the first thing I will do once I 2x my position is to take out half of my investment.

I understand not all altcoins will go back to all time high although I am expecting most of the ones I am holding to do so.

I think once the bull run does come around that I will ladder sell parts of my holdings as the prices go up, I will not try and time the top.
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June 22, 2023, 09:54:24 AM
 #32

...I understand not all altcoins will go back to all time high although I am expecting most of the ones I am holding to do so...

Everything will depend on how high bitcoin can rise in relation to its ATH. In this case, the top altcoins that you hold will also be able to exceed ATH. But given the current price of altcoins, you need to form your cryptocurrency portfolio without waiting for the bull market.

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June 22, 2023, 10:35:51 AM
 #33

Just in case that will go to happen sooner, you need to know what you will need to do because it won't be expected, and the market is congested because there will be lots of transactions than ever before, so you need to be fast and know exactly where to go when it is crowded. You need to have alternative routes on where to sell out your altcoins whenever their price has risen unexpectedly because when you see that, you will quickly panic and want to sell it as soon as possible. You need to have multiple things ready if the exchanges do not seem prepared to trade bitcoins, and you need to search for another way, like switching it temporarily for a stablecoin of your choice to get the max price of your altcoins when bull runs come.

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June 22, 2023, 11:11:47 AM
 #34

One thing I know for sure about bull run is the total number of Altcoin you hodl and the exchange they are been traded at, also the strength of the coin and it's social activities, the last Bull run can remember very well favours coins that was listed on Binance and Coinbase, I came to understand that coins on those cex has good structure and use case and those are the coins that pump out during bull run.

If you really want to enjoy the next Bull run and your portfolio are full of shitty coins with low volatility and no use cases, then I would advise you op to revised your portfolio to better Altcoins mainly listed on major centralized and decentralized exchange.



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June 22, 2023, 11:46:37 AM
 #35

I'm not sure that time period the market is in a bull cycle, but I'm also very optimistic that it could happen. Having gone through at least 2 bull cycles in the crypto market I feel like I have missed out on a lot of opportunities to make big profits, but I also always take them as lessons to do better now and in the future. In the future, I know that everyone will have different investment criteria and profit margins, so it's hard to advise anyone on how. But however I think it's hard to take profits on target, they are quite relative and there are times when the sentiment is not strong and we miss the opportunity to sell the ATH level, in fact a few people can grasp it. catching profit taking opportunities, remember that during the bull phase we can easily take profits so make sure everything is always proactive in the asset and don't get too caught up in exaggerated trends, names previous investment should have a plan to guarantee the initial capital as well as the desired profit, reaching x10 or even higher is not difficult and the need to know is to be patient with them.

SUGAR
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June 22, 2023, 11:58:40 AM
 #36

...I understand not all altcoins will go back to all time high although I am expecting most of the ones I am holding to do so...

Everything will depend on how high bitcoin can rise in relation to its ATH. In this case, the top altcoins that you hold will also be able to exceed ATH. But given the current price of altcoins, you need to form your cryptocurrency portfolio without waiting for the bull market.
You could say Bitcoin is still the benchmark for altcoins and that's because Bitcoin is the king of crypto,
forming a crypto portfolio does not have to wait for a bull market,
clearly take advantage of the opportunities that exist to generate profits.

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June 22, 2023, 12:51:39 PM
 #37

2024/25 will be my first bull run and I have been patiently buying and holding for over a year now.

Just wondering for those who were in the last bull run what it was like and how fast prices pump during the peak bull times?

Any advice on how to prepare when it comes to being ready to take profit?



I hope you are buying the right coins because yesterday's performance won't determine future performance. Every bull market comes with its own story, L1, NFT, Metaverse, L2, AI, etc so you need to research what is likely going to pump next, rather than just go to the exchange and buy any cheap available token.
The rate of the pump depends on the narrative pushing the pump, some coins pump for a few days and stop while some will pump for weeks and even months, the most important thing is for you to be well positioned, buying the right tokens is very important and spread your bet

.SUGAR.
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June 22, 2023, 03:58:37 PM
 #38

2024/25 will be my first bull run and I have been patiently buying and holding for over a year now.

Just wondering for those who were in the last bull run what it was like and how fast prices pump during the peak bull times?

Any advice on how to prepare when it comes to being ready to take profit?




it's feel like you won the lottery every single day and you always want to buy a lottery ticket again to win it again the next day.

Unfortunately it not going to happen, but yeah it's going to be like that for some time.

The sign for you to take a profit is, when you want to brag about your gain, whether online or with your IRL friend, that's was one of the signs. I like to think like this when it comes to taking a profit " If I take a profit at this level, will it be enough? And if the price drop at a certain point can I take it mentally ?" yea something like that.
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June 22, 2023, 05:03:16 PM
 #39

Very fast! if the bullrun comes Altcoin will experience bullish and always increase in every correction,
so if you lose the moment to buy Altcoin like at a bearish time like now then it will be a regret,
because altcoin has fallen more than -90% from its peak and now the price very cheap, buy and hold is a good way.
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June 22, 2023, 05:25:13 PM
 #40

Why you haven’t bought billion btc then altcoins market will pump autocratic. You should justify crypto market which is important for btc price rising then we can expect bull market for altcoins. You may know very long time over the price of btc not moving so that's why we couldn’t confirm date about bull market.
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