When do you take out your investment when in profit?

[TimeTeller]

A lot of my altcoins have pumped over the last month or so and it has got me wondering when the best time is to take out initial investment.

Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?

If you're Investing on bitcoin, the longer you keep your investment or hold them the better it becomes and you get more profitable in them, but if you're Investing on altcoins, then try as much as possible to ensure that you don't take much time on holding them because of the fear of the uncertainty demands, so when you're Investing on the right coin, you can hodl the more and the more your profits becomes alongside.

For alts, much better to sell it while you are still in profit. Don't wait too long because they can easily decline.
Check the progress of the project, and if there's nothing in it. Better sell it fast because the team behind it is just pocketing their money.
I can understand if you are holding btc, but for other alts, better assess your profitability on this fast.

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[batang_bitcoin]

Then that's good. If you want to take profits with those, you should because if I am on your shoes, I'd take my profit with those alts and won't be having a second thought. Most of these alts are very fluctuating and volatile and that's why you may see it grow more or you'd see a drop and might just give you a disappointment after wards.

One thing I advise on Alticoins is to set a price target for them should they meet the target I would say take off some profit and probably leave some there. If the amount even doubles or triples you can simply just withdraw your own capital and gamble on the rest. This tactics should be used mostly for Tokens most especially meme tokens, because they are mostly pump and dump tokens. If the price begin to significantly increase then be sure to know that some investors most especially those who earned it through airdrops will sell off which will result in price fall

There are moments that we do ignore those 2x,3x or 4x gain because we're having a thought that it can go that much. The reason for that is they see other people flaunting their profits and they think that they should also do the same and reach those 100x+ of gains.
It's a different case per investor and there's no need to get onto the shoes of those people flexing their profits and just look up to your own investing journey because many of these tokens/coins are truly pump and dump and you might even get left behind if you don't do necessary actions.

[_BlackStar]

Altcoin is never to be trusted because it can fail at anytime why because whatever percentage you may gain now can never be sustain for a long term since the market doesn't remaining stationary, so whenever you feels that you have gained enough profits then you can withdraw it out and save your principal amount or alternatively you can take profit by removing your capital then you leave your profits to remain in that coin/token.

So far I have to say that not all altcoins are bullshit without any purpose - but I agree that most altcoins have no real use case. It might be nice to get 2x or 4x in returns from an altcoin rather than waiting any longer with any form of greed - but it all depends on the potential of what is possible.

If it were me - 2x to 4x of altcoin returns would be too much. Sell it all and accumulate it into bitcoin - that's a much more make sense to do instead of letting all the returns be in the same altcoin. Of course - it's me, they can have a different approach.

[sheenshane]

What does everyone else do when it comes to altcoins?

It depends on the utility of the new altcoin, if I saw the opportunity, I never sell it even though it reached 5x profit because I know it will not crash if that altcoin has a potential when it comes long long-term holding.  But if I found out that the price of those altcoins was made by the pump and dump group that creates hype and there's no clear utility, that's the sign that you need to sell them once there's a profit.

I have been in years in this forum and in the crypto space, and I know altcoins that after being listed on the exchange will eventually die and won't survive especially those meme coins.

[Dr.Bitcoin_Strange]

When I started investing in cryptocurrency and also when I started trading, I usually got confused about the actual price I should sell and also the price I should buy, but there was a sad experience I had in the past, as did a few of my friends who are into cryptocurrency.

There was one coin I bought in the past. After I bought the coin, it pumped, and I was making a very significant profit, but I was greedy and did not sell when I was supposed to, and the price of the coin dropped very sharply. I felt bad and sold for a lesser profit.

After that experience, I learned not to wait for a coin to start pumping before deciding on the price to sell. Now, for example, if I buy a coin at $0.5, I will also set and agree on the target price I want to sell and the profit I am expecting from that investment. If the coin pumps and gets to my target price, I don't hesitate to sell off and take advantage of the profit. With this strategy, I don't find it difficult to make a profit at the right time again.

Sometimes too, I may buy a coin for $0.5 and sell it for $0.8, but immediately I sell it off. You will see the coin pump to $1+, but I don't feel bad because I have at least made the profit I expected.

My advice for you is to always have the price target you want to sell a coin at so that you don't get greedy when the price begins to pump.

[el kaka22]

If we are talking about just an altcoin that I do not trust that much, when it doubles I take the initial investment out, and keep the other half. That way, if I invest 1000 into something, when it reaches to 2000, I take out 1000 so I got my money back, and then the rest sits there for a time longer, when I get out changes on how it moves, if it goes even higher then I keep holding it, but when it starts to fall I start selling it.

However, that is only with alts that I do not trust, stuff like bitcoin, ethereum, bnb and the likes stay, I am not selling them at all, I am going to keep holding them until I die if I can, or until there is an emergency in the family which there usually is something and I try to take care of it. I believe that alts that are dangerous that we invest should be things that we look to get out as quickly as possible and sometimes we do achieve that but sometimes we can't really do it and that's the most important difference to everyone.

[Ben Barubal]

A lot of my altcoins have pumped over the last month or so and it has got me wondering when the best time is to take out initial investment.

Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?

My best investment so far has been Myria - I got lucky with this one and bought pretty much at the bottom a few months ago and I took my investment out last week once it did a 10x so I am now holding a bag of Myria with no risk.

I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.

What does everyone else do when it comes to altcoins?

  In such situations, you should have a target for how much you want to get. And when you reach that, take out the profit you got, and then it's up to you if you leave the amount you started there again.

  At least this way, what you do is systematic. It's difficult because the one you hold is only on standby on the exchange platform. And then maybe later on, instead of having an income, you will lose it in the end because it has been dumped again.

[Bazzu]

A lot of my altcoins have pumped over the last month or so and it has got me wondering when the best time is to take out initial investment.

Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?

My best investment so far has been Myria - I got lucky with this one and bought pretty much at the bottom a few months ago and I took my investment out last week once it did a 10x so I am now holding a bag of Myria with no risk.

I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.

What does everyone else do when it comes to altcoins?

When I already have 4x profits. So usually I will just take my capital first (sell for the initial capital) and leave the rest until the bullrun comes higher. But everyone definitely has their own way. Because sometimes being too greedy is not always profitable. But sometimes greed can also make us lucky when the coins we hold tightly keep climbing higher.

[btc78]

well if you did not have any prior plans or goals before you made profit it’s understandable if you are caught up in a turmoil now altcoins can decrease in price very quickly and you could lose the profit you have already made if you don’t act accordingly my rule is usually when i start thinking that i have made profit then it is enough and i just follow my instinct of course the decision will be yours because this is your money we’re talking about if you really feel that it might still go up but you’re scared to risk the profit you’ve made then just leave a percent of your money in it something you won’t feel that bad about if you were to ever lose it

[Adreman23]

A lot of my altcoins have pumped over the last month or so and it has got me wondering when the best time is to take out initial investment.

Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?

I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.

It is important that before you purchase the altcoins you are interested in as an investment, you already have a plan in place. One aspect of this plan is having set selling target price points for profit or, alternatively, for a stop loss. It is crucial to stick to your plan and keep going regardless of what happens. Refrain from blaming yourself if the price takes a different direction after you sell. The market can be unpredictable, so it is necessary to manage the risks it carries through careful planning effectively.

[OrangeII]

Currently, I also have assets that have risen several times, but I am still holding them and waiting for higher prices. This might be called greedy, but I would probably sell it when I know that the halving is still a long way off. However, considering that the halving will occur next year, and may have a positive effect on crypto prices, I decided to hold, and continue to add to the assets I currently own.

[Strongkored]

Stick to your initial target, because usually investors will set a target when starting to invest, whether 5x 10x and so on, and if you have achieved what was targeted then take the profit without having to feel regret if the price continues to rise above the target that has been set, or sell it gradually and for Myria coins, because you have made a profit, leave it for a while still continuing to pay attention to price movements, If it starts to decline, selling it all would be better because altcoin market conditions will change very quickly, coins that have value today could be worthless in a another day.

[AnonBitCoiner]

The better timing to take economic gain is that if the price of invested token inflate and become able to give you profit then sell it without thinking of future because there are so many people who are considering that the price will show more multiplication but regrettably they loss a big amount. Beside Bitcoin if anyone leave their altcoin even he is in profit then this will be his big mistake.

In a case of altcoins if you find a certain upswing in any altcoin then immediately sell that coin because many altcoins if once elevated in price never attain the exact amount again in their life Span. Setting a goal or target a price will always be helpful because if you are in patience for more upswing then may be your altcoin decreases suddenly to become invaluable forever.

[bluebit25]

Actually, I feel like the OP only has short-term FOMO and has not researched the strategy or goals of the profit-taking plan from the beginning, and when there are profits, how can you get profits is too complicated ?
I suggest a strategy with limited things and especially with low value cryptos, which is to lock in the principal and retain the profits. If they belong to cryptos with development potential, then confidently keep them until the hype gets even bigger. But not sure what your initial capital investment is, because there will be an assessment of the risk to manage them. But anyway, congratulations on making profits through buying crypto.

[Miles2006]

Firstly you know what to do with your investment, if your plan is to double and expect for another ATH that's your choice but in my opinion there's no need being too smart with your altcoin cause when dealing with altcoins you just need to be wise and follow the market rather than investing in long term, it's always advisable to choose bitcoin for long term to avoid loss, how do you know if those coins will reach ATH and when will that happen, in altcoin investment I believe more in luck and chance rather than taking risk so I will prefer to take advantage of the market, your strategy might be different from mine but in all make sure you make profit from your investment when the market is profitable.

[yazher]

When it comes to altcoins, I usually take the profit along with selling all the altcoins I have once the price increases drastically like last time. Because if you don't do that, you won't really get another chance to see that price because many others also sell their altcoins and they won't hesitate to do it once they see it all green. I am one of them because I am not an extreme risk taker who might gonna wait for more days to sell it, as soon as I see that I managed to make a profit, I'm fine with that I don't care anymore whatever the outcome of my decision after that as long as I got my earnings.

[Sophokles]

A lot of my altcoins have pumped over the last month or so and it has got me wondering when the best time is to take out initial investment.

Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?

My best investment so far has been Myria - I got lucky with this one and bought pretty much at the bottom a few months ago and I took my investment out last week once it did a 10x so I am now holding a bag of Myria with no risk.

I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.

What does everyone else do when it comes to altcoins?

We are in the early stages of the bull run and it is too early to sell off your portfolio if you were accumulating those in the bear market. If your plan was to hold those altcoins until the next bull season then one thing you can do is remove your seed money from those investments and let the profit grow. In that way if that project drops in value or anything unexpected happens your seed money will be saved and also you can reinvest those money into other project that has the potential to grow in the next bull run.

[Natalim]

A lot of my altcoins have pumped over the last month or so and it has got me wondering when the best time is to take out initial investment.

Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?

Please remember that a greedy person indeed up almost nothing and misses some great opportunity.
If I were you, sell some of your altcoins while it is in the pump condition and reinvest the profit while keeping your capital for another investment. We don't need to wait until the price starts to dump because in just a few hours it is possibly on the bottom already.

For a few years in the crypto market, I've already experienced this thing. I'd never sell because I was looking for more but unfortunately, when I woke up early in the morning the price dropped more than 50%. Regrets and so I don't let it happen again.

[Wexnident]

A lot of my altcoins have pumped over the last month or so and it has got me wondering when the best time is to take out initial investment.

Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?

My best investment so far has been Myria - I got lucky with this one and bought pretty much at the bottom a few months ago and I took my investment out last week once it did a 10x so I am now holding a bag of Myria with no risk.

I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.

What does everyone else do when it comes to altcoins?

Most of it I plan to take profit after even a 2%-5% increase. Anything beyond that is me forgetting I invested in the first place. That's for short term ones though, for long term ones I usually wait at least until it doubled then decide from there whether I still continue or not. In cases where I DCA though, I just determine a period where I think the market has peaked after a couple of years of DCA'ing and then decide from there, which is what I'm going to do with Bitcoin.

[LesterD]

A lot of my altcoins have pumped over the last month or so and it has got me wondering when the best time is to take out initial investment.

Is it too early to take it out once you have doubled your money , is waiting till you have done a 5x or more too greedy?

My best investment so far has been Myria - I got lucky with this one and bought pretty much at the bottom a few months ago and I took my investment out last week once it did a 10x so I am now holding a bag of Myria with no risk.

I have other altcoins I am holding that I am up 3 or 4x on but have not taken profit yet but thinking of doing so , just take my investment out then I am holding more with no risk.

What does everyone else do when it comes to altcoins?

x5 or more in altcoins is not impossible when it comes to altcoins. However, in terms of making a profit, it's all up to you what would be your target profit. When investing in altcoins, you should always set a target price of when you should take your profit, by either selling all your holdings or selling only half until you reach your target price.