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boyptc
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April 08, 2024, 09:56:39 PM
 #21

The #1 rule after taking out your capital is to do whatever you think is right with your portfolio. Since there is no longer a risk for you to lose money but the next thing comes is the potential of losing your profit that came from free money.

But going to the #1 rule since the risk is no longer there and you'll just have to regret whether your profit is quite high or becomes lower because of the decision that you didn't sell earlier.

With that, you're all free to do what you wanna do.



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Rainbot
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April 08, 2024, 10:09:18 PM
 #22

I constantly hear people who have experienced a bull run advise to take profits and I will but is now too soon?

I can take the 24x now, but I only need my investment to double in price again and that will give me a 48x which is a massive difference.
If the unnamed altcoin happens to be confirming to what moves Bitcoin is doing in the market, then there is a tendency that, come next bullrun, you could find it heading towards the bulls as well and that would put you in a position to make more profit.
Mind you, it’s altcoin we are talking about here and the risk factor is always on the high side given that, a fall is often a dead weight. You just wouldn’t find it pumping ever. No one wants to have their money lost to any altcoin investment no more.
You’ve already made a best move in taking out your capital but, you didn’t just invest to get back your capital, did you…?
I would advice you get some more of those profits and invest it with Bitcoin while, you hold a few to see how it plays out.

R


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April 08, 2024, 10:59:21 PM
 #23

IMHO, you don't ask people for every decision that you're going to make. It is only you that can do what you think is right for you. Is 24x not that enough for you?
Because for me, I'd take all the money and leave that coin and try to find some other altcoins that haven't pumped yet or much better to just stick that profit entirely to Bitcoin.

That's right because after all, this is all about money and you can decide it all for yourself without taking any opinions from others since you already get to multiply your investment that much, it's better not to be greedy because this volatile market is brutal just like what happened to one of my friends when he let to sleep his altcoin overnight after reaching its ATH at that time and when he woke up the price decrease up to -95% which cost him to lose much of his earnings. If I were you, I wouldn't even ask a question for this one, I would sell it right away after reaching that much.

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April 09, 2024, 12:22:29 AM
 #24

My first question is what category of Altcoins is the coin under, is it a meme coin of it is one I will advice you take profits again like 10x from that 24x reason been that not all coins make it to the bull run some of this Altcoins are just pump and dump coin, should they dump now they would probably not recover again. It is a 50/50 chance now. It will be a better regret that you too profit early than you lost profit trusting the coin to pump more.

If it is a solid Altcoins like the top 20 I will say take profit too and you can still do DCA again when the price drops because it will certainly drop as it is pump now. Just do your research
Whether its a top altcoin or not, there is only one thing I can advise, sell your profits now, otherwise you will only regret and may lost all those expected profits knowing altcoins suddenly drop their prices even when there's no valid reason. Altcoins are just a pump and dump scheme so nothing's new about it. Sell them and invest some of your profits into bitcoin while bitcoin halving and bull run are not happening yet. However, this is just my own personal point of view. You still have to make your final decision and won't rely others in decision-making.

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April 09, 2024, 12:24:50 AM
 #25

If I cash out now it would be $7.5k profit so that would get me 0.1 Bitcoin.

I feel wary about investing a lot of money in Bitcoin when it’s at its all time high as even though it is the safest, there is no guarantee it will be around in the next 10 years Id rather cash to my bank and take the profit.
Will the bank's profits bring you the same profits as Bitcoin in the long term? Honestly, I cannot give any investment advice because you are the decision maker, but of course, Bitcoin returns can exceed banks' profits many times. But why not invest a part of your profits you can afford to lose and choose the appropriate time to buy, and even the AI token that gave you 24x, if you trust its project, you should have left some funds in for the long term. If it achieves a new all-time high, you will be able to achieve more profits from it, and if the price of the token drops sharply, you've already taken your profits and can buy back at a lower price and a larger quantity with less capital.

Truly, no one can determine the future of any currency and its performance in the future, so you must always get rid of your greed. Indeed, each investor's decisions and strategies vary based on the coin's project, profits, and capital invested. I advise you to manage risks and manage your capital properly to reach your investment goals and achieve good returns while reducing the percentage of risks that you will face.

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April 09, 2024, 05:25:48 AM
 #26

After reading most of the replies of OP, I found that OP has taken his/her initial investment and made some profits by holding that altcoins. My simple advice to OP is to sell half of their holdings and hold rest of the it for a few more months.

Holding an altcoin in bear market hasn't been a successful experience at all, and I hope that he/she may make some more profits when he/she sell the holdings during the peak of the bull run. The question is how could he/she determine when bull run is at its peak? A simple answer is no one knows that.

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