Altcoin profit - when is being greedy too greedy?

[JamesDaniel90]

I hold an altcoin called Arcblock which I invested in last year at an average price of £0.09 and it reached an all time high earlier this week of £3.72 which is a 40x return. Current price is £3.35.

So far I have taken out my investment (£300) plus £1.6k profit but I am wondering if I should take more now or continue holding as we still have months to go, possibly even another year until the peak of the bull run so feel the price could go a lot higher.

On one hand I don’t want to sell too early , I believe Arcblock can reach at least £15 this bull run, some are even saying as high as £50 which is crazy to think as that would give me over a 500x return, but I’m not sure about that.

On the other hand I moved into my first house 6 months ago and the amount I can cash out now will help pay towards some of the work we want done to the house.

I have not been in this position before, it is my first bull run and this is the first investment that has given me 40x return so not sure what is best to do.

I am leaning towards cashing out half of the remaining amount I have left and then leaving the other half until the peak of the bull run but is that too much too cash out this early or is it the smart thing to do?

I know taking profits is never a bad thing but could cost me a lot if this does continue to grow in price a lot over the next 6-12 months , that is my concern.

[Tipstar]

This is really a complex topic. In the last bull of 2021, I booked my profit too early and left the market with USD and as I watched the coins that I had just sold rise, all I had was less profit, more regret. We are nearing another bull and as the price rises, both fear and greed fights inside our mind.
Selling your coins on all time high is a myth. You can neither predict nor execute it. The best thing would be to sell as close to that high as possible.
Someone did shared some strategy which I like and am rephrasing it. For a coin you plan to keep long term,
Put 50% of your coins at x2 of your buy price. When this order executes. You'd get back your investment and the remaining 50% of coins would be your profit.
Keep the 50% of the remaining coin (25% of initial buy) on x3, when executed, it brings 75% ROI to your investment.
Likewise keep half of what is left (12.5% of initial buy) on x4. This way you could go up till the price point you believe the coin could rise.
Might not work with bitcoin but is valid and achievable for newer promising altcoins.

[JamesDaniel90]

Yes that is my main concern selling too early.

I could sell my whole bag now for a 40x return but it only takes the price to now 2x in price for me to have an 80x return so its a big difference.

The current price is £3.40 , I think I will just continue selling in parts as we go up in price my next sell target is £4.25 I will take more out then.

[peter0425]

I am leaning towards cashing out half of the remaining amount I have left and then leaving the other half until the peak of the bull run but is that too much too cash out this early or is it the smart thing to do?

If I were you this is what I would do. With altcoins, it’s hard to determine whether it could still go up or would it be the highest peak before it crashes out. Everything happens abruptly as well so it’s hard to save some of your profit while being sensitive to time. The safest bet would be to do this. At least you’ve got some of your profit out already and if it continues to go up then it’s just a win-win situation.

[Kelward]

The crypto market is volatile, and all what we can do is speculate prices, not knowing whether the coins/token we hold will dump or pump. You've in a spot now to make decision to sale and put the money in your housing project or leave your crypto project in the hope of getting more ROI, I think that since you have made tremendous profit so far, and have recovered your investment fund, it'll be good to leave some, but the percentage to leave has to be your decision. Unless if your housing project requires some urgency to finish it, otherwise it's best not to sale a promising crypto that has the potential to be bullish in this season.

[JamesDaniel90]

Can I also ask, now that this altcoin has been performing really well over the last 6 months am I correct in assuming it will at least survive the rest of the bull run?

Or can altcoins crash at any point even during the bull run stage?

I don't want to get too confident with it and just assume it will still be around in a year just because of the recent rise if that is not always the case.

[X-ray]

the thing is that you just never know whether in the next months or in 6 months your coin gonna pump or dump, its overall a hard decision to make when you don't even have any idea what future gonna be, but i'm myself always set a rule if cashing out the profit for the sake of whatever needs i want to fulfil is somewhat worth it, for example, i want to buy house, then its worth it regardless the price of altcoins keeps pumping or not, a profit is still a profit.
regret after selling altcoin is unavoidable anyway, you just wasting your time over thinking it, there's always opportunities in the future that you can take, but if you are so sure with the investment and thinks that the profit you make by holding longer may be life changing for you and a massive help, then I guess it depends on you to decide.

you're the one that knows your own financial condition the most, this decision is entirely up to you.
but yeah there are some other strategy that may not cause future regret of not holding longer like stated by some people before, just sell half of it if you're so adamant to fulfill your needs and keep the rest.

[JamesDaniel90]

I am just trying to imagine what it would be like in both scenarios.

If it was to crash today, yes I could have had a lot more profit If I had played it safe and taken more out but at least I will have still banked £1.6k profit and not lost anything.

If I was to sell today and it does another 10x from current price this bull run, that would annoy me more as we would be talking tens of thousands of pounds extra I could have had.

I will continue to hold for now and see how the next week or so goes, current price is £3.45 and my next take profit level is £4.20 so will take some more out then.

[VFalcon]

Looking forward to alts season now, FOMO is high and you have to be willing to take risks. I'm preparing well, but I'm still continuing to staking TFS for backup, at least it will help keep me in the market

[JamesDaniel90]

Looking forward to alts season now, FOMO is high and you have to be willing to take risks. I'm preparing well, but I'm still continuing to staking TFS for backup, at least it will help keep me in the market

Yes you do have to take risks.

Many like to play it safe and that's fine if you have good money to start with but if you don't then you have to take a gamble like i did here.
It was only £300 over a 3 month period I put into this altcoin and it is now number 1 in my portfolio. 

I am hoping to end this bull market with good money to then play it more safe in the next bear market in 2026.

Hopefully alt season is only a month or so away now, fingers crossed.

[Apocollapse]

Can I also ask, now that this altcoin has been performing really well over the last 6 months am I correct in assuming it will at least survive the rest of the bull run?

Or can altcoins crash at any point even during the bull run stage?

Altcoins can crash even during bull season because the bull caused by Bitcoin, which mean Bitcoin is the coin that has 100% guarantee the price will increase, while other is either following or die. It can die because people who invest in altcoins choose to cut loss and shift to Bitcoin, which make altcoins no longer have any volume.

You can check there are many altcoins price are keep declining despite Bitcoin price tend to rise.

[Strongkored]

Investors or traders who have experienced several bullruns will face situations like this, and there are those who managed to get maximum profits or not, but the sad thing is that they didn't even get any profits at all because they left the market too late and even ended up becoming long-term holders or even seeing that the price of the coin has no value, you have to be careful in the altcoin market because it will actually be difficult for investors or traders to know which is the highest price and also the lowest price. Understanding the risks and getting a profit of 40x-100x is much better than failing to get a profit.

[jrrsparkles]

I hold an altcoin called Arcblock which I invested in last year at an average price of £0.09 and it reached an all time high earlier this week of £3.72 which is a 40x return. Current price is £3.35.

So far I have taken out my investment (£300) plus £1.6k profit but I am wondering if I should take more now or continue holding as we still have months to go, possibly even another year until the peak of the bull run so feel the price could go a lot higher.
 

So as of now you made profits which is quite high you chose to decide only a small percentage from it like 20-30%, but I would say get your 50% profit and reinvest them into some other coin which is the most conservative method from investment perspective but if you believe it can still rise and you already took more than you staked then there is no harm in taking the gamble but you should accept whatever the result whether it rise further or comes down to zero.

[JamesDaniel90]

We seem to be having a bit of a dip in the market despite the news of the Ethereum ETF approval.

Current price of Arcblock is £3.22, I will wait till it reaches £4 to then take out another decent chunk of profit and then hold the rest till end of year when it is hopefully £10+

[Bitstar_coin]

The altcoin market fluctuate a lot but once anyone is able to understand the altcoin market movement i think they will be fine with buying and selling as they please. The truth is, those who have deep knowledge about the market can make money in any market condition, bullish or bearish. What matters most is knowing what you are doing, especially avoid fomo and buying at the top 
Imo, when greed becomes too recessive is during bull when you have the best opportunity to take profit and you refuse. As of now, we are not there yet. 

[TastyChillySauce00]

Dump my friend. I have experienced missed $350k unrealized profit at 2021 bull run. I just tell you that if you will be regretting it once you will not able to sell your bags at new ATH. It's kinda stupid to believe your money will be going even higher than this time. The better to take a look at what stack has done. It was going back down again.
Im expecting parabolic chart for arcblock after this. It was never reaching a new ATH since it was getting listed. This is the time for you to sell it at the top. Don't be so dumb and greedy. You will be regretting it once you will be missing a chance to sell your tokens at the top.
Think about that my friend. The pump will never be forever. I remind you there was no a strong reason why this token gets pumped so hard like this time. The better for you to cash out it at least a half from your investment.
Expecting you to get more is a very risky decision.

[o48o]

I hold an altcoin called Arcblock which I invested in last year at an average price of £0.09 and it reached an all time high earlier this week of £3.72 which is a 40x return. Current price is £3.35.

So far I have taken out my investment (£300) plus £1.6k profit but I am wondering if I should take more now or continue holding as we still have months to go, possibly even another year until the peak of the bull run so feel the price could go a lot higher.

On one hand I don’t want to sell too early , I believe Arcblock can reach at least £15 this bull run, some are even saying as high as £50 which is crazy to think as that would give me over a 500x return, but I’m not sure about that.

On the other hand I moved into my first house 6 months ago and the amount I can cash out now will help pay towards some of the work we want done to the house.

I have not been in this position before, it is my first bull run and this is the first investment that has given me 40x return so not sure what is best to do.

I am leaning towards cashing out half of the remaining amount I have left and then leaving the other half until the peak of the bull run but is that too much too cash out this early or is it the smart thing to do?

I know taking profits is never a bad thing but could cost me a lot if this does continue to grow in price a lot over the next 6-12 months , that is my concern.

There's no right answer to this, as no one knows the outcome beforehand. But why would you have to sell everything? Just exit slowly or take out 50% or something like that. 100x is my 50% exit point no matter what i think of the markets. This is based on my experience of being delusional and starting to fall in love on my investments.

Also consider what taxes you need to pay in your local area to get most out of the exit plan. Sometimes keep holding is so much better option if you need to decide on life changing money and pocket money.

[yazher]

In this kind of scenario, only you can decide whether you further hold it and get some more profit in the future or sell it to get a decent amount of income in order to use it on other investment platforms that you have already been up to. Most investors at this point will take the profit since there are not so many chances of having this kind of chance to earn as much profit as possible in your altcoin investment. When you don't get it now, you will find no more chances like this one in the future because sometimes the price won't rise again due to incompatibility of their new updates to the investors and they failed to have another impact for their coin to grow because they already so much investors.

[cute nmp]

I would have some the same thing you did the right thing for sure there is no reason to hold anymore since you make that huge profits. It can results to lots of losses if you continue holding the coins so exit is definitely the safer option here

[JamesDaniel90]

Dump my friend. I have experienced missed $350k unrealized profit at 2021 bull run. I just tell you that if you will be regretting it once you will not able to sell your bags at new ATH. It's kinda stupid to believe your money will be going even higher than this time. The better to take a look at what stack has done. It was going back down again.
Im expecting parabolic chart for arcblock after this. It was never reaching a new ATH since it was getting listed. This is the time for you to sell it at the top. Don't be so dumb and greedy. You will be regretting it once you will be missing a chance to sell your tokens at the top.
Think about that my friend. The pump will never be forever. I remind you there was no a strong reason why this token gets pumped so hard like this time. The better for you to cash out it at least a half from your investment.
Expecting you to get more is a very risky decision.

We still have many months left of the bull run including the parabolic stage so it can hit £15+ easy.

The whole market is dumping currently, not sure why.

If you didn’t sell in the peak of the last bull then that is a stupid mistake to make, I will not be making that mistake and will cash out most of my profits by the end of this year.