PLEASE DELETE

[JamesDaniel90]

.

[Zaguru12]

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

[Aanuoluwatofunmi]

I am currently invested in an altcoin that has given me a 24x return so far and just wondering how I should play it. I took out my investment so now holding my bag for free.

Let me first congratulate you that you make no lose on altcoin investment and have take a wise decision in withdrawing your money from such, but don't be surprised that the next move on that may landed you on different experience.

On one hand, 24x return is fantastic but on the other I feel we are not even at the Bitcoin halving yet so feel we have the rest of the year ahead for prices to rise higher.

What if this was not seen and instead, reverse is the case for you, what will you do, and you need to remember that you might have been holding for long while seeing other coins performing and the one you have invested is not, i will just only advise you to avoid shitcoins and deepens your research.

[Huppercase]

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.

From your ROI, I want to assume that your investment was on a new coin that has low market cap and has grown to he a large one, if the market cap is still below 50 top coin and the project is solid, good coin that you know can grow further to top 10, the you can do as you said but I think it will be more safer if you divide your money by two, hold the half and invest the rest and not just remove only the capital, if for instance your initial investment is $1k and you made $24k, you don't tell me you will remove just $1k and invest back $24k, that's a very wrong move.

If you are unsure about the market and think there is more pump after halving, you can reinvest some into Bitcoin and ethereum for more diversification of your investment, it's more clean and safe when you have your investment in better and safe coins than just a single coin. Don't just base your investment in how many x you will get bub how safe they are going to be in the long run.

I am not sure what to do but leaning towards holding and not cashing anything just yet. It is now a free bag I hold and it is a lot of money to me but I just feel it is more likely to keep rising throughout the bull run so best to keep holding until we get near the thrill and euphoria stage later this year?

Am I right to believe that as it is performing so well now then it should have no problem surviving the rest of the bull market?

You need to know that when you seek for other people opinion, just know that they are just opinion, not necessary the are right or wrong, anything can happen in the crypto market and all will be down on you whether good or bad. Make a good choice and when you make one, make the smart one, you don't want to be caught by market manipulation.

[sunsilk]

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.

Just a tip for you that you shouldn't ask almost every step and decision that you'd do.

[Zaguru12]

No, it is not a meme coin.
It is in the AI sector, currently ranked 275.

I have noticed lately more people are talking about it and some say it can still do another 10x from its current price but I'm not sure think that is pushing it, if it was do do another 10x that would give me a 250x almost from when I started buying last year.

I do believe it has at least another 3x in it though and that would give me a over a 70x which is why I am a bit hesitant to sell just yet.

An AI sector is on of the three categories that its narratives is said to be the most anticipated this coming bull run to make Xxx, but that doesn’t mean every coin under that category will do well. The problem with many of this Altcoins is that investors actually do just treat them as a pump and dump coin and when they get the pump they pull out leaving you in with shitcoins.

The strong narrative you are hearing from its community to make more Xs shouldn’t be what you rely on. All Altcoin investors shill their products to actually create FOMO around it. If i was to advice you since you personal have a conviction that it will do 3x then you can stick to it, but try to take out some profits and then allow the rest to run. This way you will have gotten out your capital and some profits too. Should it do even a 1000x or rug pull you will only be at advantage

[Sim_card]

No, it is not a meme coin.
It is in the AI sector, currently ranked 275.

I have noticed lately more people are talking about it and some say it can still do another 10x from its current price but I'm not sure think that is pushing it, if it was do do another 10x that would give me a 250x almost from when I started buying last year.

I do believe it has at least another 3x in it though and that would give me a over a 70x which is why I am a bit hesitant to sell just yet.

Since it is ranked 275, nobody knows the fate of the coin, if it will survive in the market or not. But I will say that if I were in your shoes, it is better to take profit, than waiting for it to increase in price due to greed. I guess that coin is pumping, and it might be that when it will dump, it might not recover again. Altcoins have made lucky people rich, but it has crumbled a lot of investors after rug pulling. This is why I don't advise people to hold altcoins for long only for short-term, because most of them are same with gambling.

[Issa56]

Hi,

I am just after a bit of advice as have not been in this position before. I am currently invested in an altcoin that has given me a 24x return so far and just wondering how I should play it. I took out my investment so now holding my bag for free.

Are u really serious about this? The coin have given you 24x, If I can invest in a coin and it has done 24x, I will sell all and take away both my profits and my capital, you invested in altcoin, you shouldn’t trust a altcoin investment. If I will recommend to you, I will tell you to sell all the altcoin, you already made a good profit from it and invest the money in bitcoin, at least you will be able to make a good profit if you also invest in bitcoin, and you will be able to have peace of mind when you invest in bitcoin, altcoin investment are really risky and shouldn’t be trusted.

On one hand, 24x return is fantastic but on the other I feel we are not even at the Bitcoin halving yet so feel we have the rest of the year ahead for prices to rise higher.

You invested in altcoin, and it has done 24x for you, and you think because halving is coming it’s going to do more, hope you know it’s bitcoin halving, and not altcoin halving, don’t be surprised that it’s going to start dumping when bitcoin is pumping, that’s altcoin for you. Since we are expecting bull run soon, then take the money and invest in bitcoin.

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.

I like people that are greedy like you, maybe when everything goes back to zero, then you will realize you should have taken your money when it did 24x for you, I don’t know why you are not satisfied with the profit which you have made.

[Jawhead999]

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.

When the price went to 48x, you will think it's better to wait 96x, when it's already crossed, let's wait until 192x

Of course it's good if you can make money as high as possible, but altcoins is uncertain.

AI is currently hyped, but we don't know how long it will last, I haven't heard anything about AI, the last is Devin AI.

Just a reminder, if Bitcoin price is increase during bull run, it doesn't mean all altcoins will follow Bitcoin.

[traderethereum]

Only you know when you need to withdraw the profits and leave the coins to sell at another high price. But there are also people who think about selling their coins when they see a high price, for example 24X or 100X, and don't think about saving a few coins just in case the coin price increases very high.
This reason makes sense because the value of their investment has increased many times over and they shouldn't be greedy for wanting even bigger profits, even though in crypto there is a possibility that we can get them. If you believe that the coin project can develop even better in the future, maybe you can sell half of the coins and take the profit.
You can wait for the price to rise even higher or buy the coin if the price drops again drastically. The important thing is that you can determine when you sell the coins and don't be too greedy. It's okay to be greedy but don't be too greedy.
It all depends on you

[mindrust]

Hi,

I am just after a bit of advice as have not been in this position before. I am currently invested in an altcoin that has given me a 24x return so far and just wondering how I should play it. I took out my investment so now holding my bag for free.
On one hand, 24x return is fantastic but on the other I feel we are not even at the Bitcoin halving yet so feel we have the rest of the year ahead for prices to rise higher.
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.
I am not sure what to do but leaning towards holding and not cashing anything just yet. It is now a free bag I hold and it is a lot of money to me but I just feel it is more likely to keep rising throughout the bull run so best to keep holding until we get near the thrill and euphoria stage later this year?
Am I right to believe that as it is performing so well now then it should have no problem surviving the rest of the bull market?

Sell and don't look back. Even if it does another x2, the risk you are taking isn't worth as it already made a x24 return. This is like playing bustabit/rocket/crash (whatever it is called nowadays). It goes up up up up if you don't say "enough" on time, the rocket to the moon goes back to earth and you'll end up with nothing.

Remember "Nobody's ever went broke taking profits." Look for other opportunities to make up for the money you need. Don't fall in love with any asset. If it is overpriced > sell.

[tyz]

I am just after a bit of advice as have not been in this position before. I am currently invested in an altcoin that has given me a 24x return so far and just wondering how I should play it. I took out my investment so now holding my bag for free.

Depending on the coin/token. Since you do not have mentioned it, I must answer in general. 24x is a big profit. It was the right decision in my opinion to take out your initial investment to be save no matter what is going to happen. In the course of my "crypto career" I was oftentimes in the same position, especially in this high volatile phases around 2017/2018. I would take the chips from the table little by little. You should think about a payout plan like, lets take out 10% every week from now. If the price is still rising you will take further profits. If the coin is going down you can accerlerate the process, by going from 10 to 20% a week or even more.

But all depends on how you personally think of the future of the coin or token. If it is a shit coin, I would take everything from the table immediately.

[Uhwuchukwu53]

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.

The truth remain that it's not a win-win situation except you can boost if hundred percent sure about the altcoin because if the altcoin is what your not sure of it continues rising holding it is risky because many investor on altcoin end up crying at the end.

But holding has been the best where your profit supposed to be huge if throughly it can stand in test of time. One major thing I will advise is that you should check very well about the altcoin, but if what you have invested is too big to loss you can cut down the capital while holding the generated interest as the reoccurring investment.

[SatoPrincess]

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

Altcoins are very volatile, there is no guarantee that the coin will keep going up, I think you should take your profits now. At least that’s what I would do but the decision is yours.

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.

I’m not going to try to convince you why Bitcoin is a better investment than altcoins. You have been on the forum long enough to know what you want. If you’re looking for coins that can give you quick profits, you can go and ahead and gamble with altcoins. But don’t say Bitcoin won’t be here in the next ten years.

[Zlantann]

Am I right to believe that as it is performing so well now then it should have no problem surviving the rest of the bull market?

In the crypto space there is no thin line between greed and risk. What others might see as greed might be risk to another person and vice versa. It is possible that you might make profit if you keep hodling your altcoin which will give you more profit. There is also the option that you might end up losing. The decision to take profit or keep hodling depends on the level of risk you can take. The advice is invest what you can bear or endure if you lose. But if I were you, I will take my profit because altcoins are not dependable.

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.

The best time to buy Bitcoin is when you can afford it. Don't forget that you are investing your profit in a stable and reliable coin. Keeping you money in fiat will expose it to inflation which will lead to loss of value. Maybe you can decide to keep your money in fiat till after the bull run hoping that the price might drop. Most people are are regretting why they didn't invest in Bitcoin earlier also had the same belief like you that Bitcoin will not last long.

[Churchillvv]

I have seen alot of people that have given my thoughts here but I will still have to contribute a little more.

Just as your instinct keeps telling that you're becoming too greed as per waiting to hit a 48x before you can take the said profit when for sure you have received a convincing profit so it is mate!
You're becoming too greedy to lay your hands on a risk that is not really necessary.

IMO, since this is an altcoin that we are talking about nobody knows the next move of the market and not all coins even follow with the move of bitcoin so even if the market becomes bullish some coins will still be experiencing a downward movement hence I advise you take the half bread than wait for a full loaf that might not come.

[Faisal2202]

Just a tip for you that you shouldn't ask almost every step and decision that you'd do.

Well said, we should not depend on others' decisions, but asking for one is not a bad thing either. He the OP did not mention in which coin he had invested, if he had then some people here might have given him/her a more detailed answer of whether you should buy or not. So basically I don't think the purpose of OP here is to ask about the nature or potential of the coin. His main concern here is to ask whether he should take profit or if he is being greedy. So, that's a thing that we should ask especially when we have a community of experts.

I hope you won't my reply, as I can't agree more with you on the fact that he is already making a good profit, TBH I did not make such gains on any of my investments till now. If I were in his shoes, then I would have booked the profit and would be searching a new coin. Because the probability of becoming rich or financially independent by investing in only one coin is too low. So, its not that the coin will not make him good money its that it also have the potential to lose him all. So, greed is curse, besides token name would help us more to give you a little better answer dear op.

[sunsilk]

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.

Just a tip for you that you shouldn't ask almost every step and decision that you'd do.

24x is fantastic , but this could 100x easy too.

I think I will wait a little longer till have around 35x to take out half my bag and then just let the rest ride till the end of the bull run and hope it does over a 100x.

That's a good strategy to DCA for profits, you take some when a certain amount hits and then leave the rest for you as a free asset that you've taken already some profit and also your capital.

But saying that it can go easy as 100x. Good luck with that, you'll not know if that's going to happen at this bull run although the possibility is there but you haven't mentioned what coin is that.

Anyway, if it goes 30x and didn't go to 35x as planned, you have to still take some profits along the way.

[Franctoshi]

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.

I am not sure what to do but leaning towards holding and not cashing anything just yet. It is now a free bag I hold and it is a lot of money to me but I just feel it is more likely to keep rising throughout the bull run so best to keep holding until we get near the thrill and euphoria stage later this year?

Am I right to believe that as it is performing so well now then it should have no problem surviving the rest of the bull market?

You've done a wise thing by taking your capital out, now you have zero worries about the investment, However, the bag of coins you are holding isn't Bitcoin. The system is trusted, So holding this crypto there's no guarantee of the future growth, except for the fact the coin has a utility case then good, I kind of see this bull market that cryptos with utility case will thrive. If I'm in your place I will take more profit off the table and ride the rest, this way you would be rest assured that you profited from this investment. It will not be only you have taken your investment capital out but also some profits out regardless of future potential growth.

[lalabotax]

I am not sure what to do but leaning towards holding and not cashing anything just yet. It is now a free bag I hold and it is a lot of money to me but I just feel it is more likely to keep rising throughout the bull run so best to keep holding until we get near the thrill and euphoria stage later this year?

It's a bit tricky when we decide what price target we want to achieve for this era. Sometimes, our decisions can be made too early and the price still continues to rise. However, if we decide to set it at a certain high price, it turns out it doesn't work, and in fact the price drops further. This often happens and I actually experienced it when I was in the last bullish era. And this really taught me a lot.

That's why in taking profits this time, there are several things I pay attention to before setting the correct number. that is, by setting a certain price rate with a certain percentage, so that at least we seem to have made a return on some percentage of our investment. especially regarding the rest, it can be used to wait for the next profit. The point is, we also have to determine how long the maximum holding period is. If it's fast, then it will be much faster. but if not, the important thing is that we have achieved the target rate we expected or more.