At what point do you sell your altcoins?

[betswift]

That is just pure trading and you run the risk if u sell at 100% and it ends up going further meaning you could have got 500% or more.

This pump and dump scamcoins are feasting on greed, you will lose this game going this way.

By selling at 100% or any profit - let it be 1% - you are not risking anything and you can bet with the money you have made continuing this safe route instead of risking losing it.

Not all altcoins are pump and dump , look at the like of Polygon and Cardano last bull run they did over 100x and still around today.

You do not make life changing gains taking 10 or 20% at a time.

I will have some altcoins that won’t do too well but I will have one or two that will do really well and that is all you need to see great returns.

If they don't offer any utility in real world, I call them pump and dump scamcoins no matter the price as it's just a bubble without any real world usage.
That's why my safe bet is on Monero as it has utility and even I am using it on daily basis to buy stuff and online services.
Ask yourself, when did you last time used Cardano or Polygon to actually buy stuff ? if you didn't and only read that it has adoption then it's a worthless scam.
This is my approach to investing, safe and secure.

As for life-changing gains... if you keep investing like that you will most definitively have a life changing experience but not in the way you would like. 

As I've seen, Monero does have lots of businesses that use it as a payment method, however, why the coins that just lay around and wait their time to shine are "worthless scam"? You can anyway change them and Monero too to some stablecoins, which also can be used as a payment for something.

[doubletheprof]

I #HODL Kaspa!! in btc tho! XD

Now I will try to mine Alephium since they added it to oneminers

[betswift]

I #HODL Kaspa!! in btc tho! XD

Now I will try to mine Alephium since they added it to oneminers

Didn't hear about Alephium, what the idea behind it?

[bakasabo]

My portfolio is still full of old and used to be popular altcoins (doge, XRP, Cardano, Matic), whos price is still havent reached the price I have bought them. Except Ethereum, that I hold since 2019-2021, I am in loss with my altcoins. I would happy to sell them and close deals with 0. I wish I would have stayed with Bitcoin and havent diversified my portfolio.

We are only a few months now from the euphoric stage of the bull run beginning.

You have held this long just wait a few more months and then your altcoins will be be back to where you bought them plus a lot more.

I bought most of mine during the bear market lows in 2022/23 and i haven't bought much last few months i have just been holding. It tests my patience at times just waiting but then I remember what is coming in the next 6 months or so.

I like your positive mood, but I dont expect altcoin market to rise in few months or in next 6 months as you say. I have already come to terms with the fact that my altcoins will stay with me for a very long time. Reason for that is they are popular old altcoins, while we observe gains of new altcoins. Seems that nobody is interested in old altcoins, like nobody is interested in old technologies and ideas. I have little hope to see XRP price higher than $1, Cardano would ever cost more than $1.5 and Matic to cost $1.5+.

[betswift]

My portfolio is still full of old and used to be popular altcoins (doge, XRP, Cardano, Matic), whos price is still havent reached the price I have bought them. Except Ethereum, that I hold since 2019-2021, I am in loss with my altcoins. I would happy to sell them and close deals with 0. I wish I would have stayed with Bitcoin and havent diversified my portfolio.

We are only a few months now from the euphoric stage of the bull run beginning.

You have held this long just wait a few more months and then your altcoins will be be back to where you bought them plus a lot more.

I bought most of mine during the bear market lows in 2022/23 and i haven't bought much last few months i have just been holding. It tests my patience at times just waiting but then I remember what is coming in the next 6 months or so.

I like your positive mood, but I dont expect altcoin market to rise in few months or in next 6 months as you say. I have already come to terms with the fact that my altcoins will stay with me for a very long time. Reason for that is they are popular old altcoins, while we observe gains of new altcoins. Seems that nobody is interested in old altcoins, like nobody is interested in old technologies and ideas. I have little hope to see XRP price higher than $1, Cardano would ever cost more than $1.5 and Matic to cost $1.5+.

I agree with the words about XRP, but the alts as a whole rising - that's what I believe to happen in the near future.  We shall see how it will go.

[Taskford]

My portfolio is still full of old and used to be popular altcoins (doge, XRP, Cardano, Matic), whos price is still havent reached the price I have bought them. Except Ethereum, that I hold since 2019-2021, I am in loss with my altcoins. I would happy to sell them and close deals with 0. I wish I would have stayed with Bitcoin and havent diversified my portfolio.

We are only a few months now from the euphoric stage of the bull run beginning.

You have held this long just wait a few more months and then your altcoins will be be back to where you bought them plus a lot more.

I bought most of mine during the bear market lows in 2022/23 and i haven't bought much last few months i have just been holding. It tests my patience at times just waiting but then I remember what is coming in the next 6 months or so.

I like your positive mood, but I dont expect altcoin market to rise in few months or in next 6 months as you say. I have already come to terms with the fact that my altcoins will stay with me for a very long time. Reason for that is they are popular old altcoins, while we observe gains of new altcoins. Seems that nobody is interested in old altcoins, like nobody is interested in old technologies and ideas. I have little hope to see XRP price higher than $1, Cardano would ever cost more than $1.5 and Matic to cost $1.5+.

High risk high rewards right? Provably that decision either could give him learnings or profit. But its good to take action regarding on what possible best situation that might happen in next following months since I think this year is really the best to test up something since many alts might experience to experience bullish situation. Old altcoins might not give a great growth but its fine to acquire it since we already have confident that rug pull schemes will not happen on those coins. Compare to those new alts which we don't know if they could last for long months. There are chances for XRP and Cardano, but I think XRP would reach for that figures first since this is more popular than the other old altcoins in the market.

[bakasabo]

My portfolio is still full of old and used to be popular altcoins (doge, XRP, Cardano, Matic), whos price is still havent reached the price I have bought them. Except Ethereum, that I hold since 2019-2021, I am in loss with my altcoins. I would happy to sell them and close deals with 0. I wish I would have stayed with Bitcoin and havent diversified my portfolio.

We are only a few months now from the euphoric stage of the bull run beginning.

You have held this long just wait a few more months and then your altcoins will be be back to where you bought them plus a lot more.

I bought most of mine during the bear market lows in 2022/23 and i haven't bought much last few months i have just been holding. It tests my patience at times just waiting but then I remember what is coming in the next 6 months or so.

I like your positive mood, but I dont expect altcoin market to rise in few months or in next 6 months as you say. I have already come to terms with the fact that my altcoins will stay with me for a very long time. Reason for that is they are popular old altcoins, while we observe gains of new altcoins. Seems that nobody is interested in old altcoins, like nobody is interested in old technologies and ideas. I have little hope to see XRP price higher than $1, Cardano would ever cost more than $1.5 and Matic to cost $1.5+.

High risk high rewards right? Provably that decision either could give him learnings or profit. But its good to take action regarding on what possible best situation that might happen in next following months since I think this year is really the best to test up something since many alts might experience to experience bullish situation. Old altcoins might not give a great growth but its fine to acquire it since we already have confident that rug pull schemes will not happen on those coins. Compare to those new alts which we don't know if they could last for long months. There are chances for XRP and Cardano, but I think XRP would reach for that figures first since this is more popular than the other old altcoins in the market.

I doubt that XRP would achieve anything high any time soon or ever. If we talk about XRP, than I am holding it since 2021. Bought it when the price was $1.05. Thought that it will be a good investment if they beat SEC. What I get now is that SEC is beaten, price is way lower, ATH is not even close. I would be happy to sell it for $1.05 again. Indeed XRP is popular, but that is pretty much it. Imo it is impossible to get gains just on popularity. As to technology and opportunities XRP give, are they still demanded?

[o48o]

I doubt that XRP would achieve anything high any time soon or ever. If we talk about XRP, than I am holding it since 2021. Bought it when the price was $1.05. Thought that it will be a good investment if they beat SEC. What I get now is that SEC is beaten, price is way lower, ATH is not even close. I would be happy to sell it for $1.05 again. Indeed XRP is popular, but that is pretty much it. Imo it is impossible to get gains just on popularity. As to technology and opportunities XRP give, are they still demanded?

Well, congratulations for holding it this long. I am sure it will go back there eventually and you get to sell it, but what comes to adoption opportunities it had, i am afraid that they were pilot programs, and most of the time those lead nowhere.

At the time when crypto was booming "and solving everything", most of the people didn't know what it does, like they still don't do. Companies just didn't want to be left behind, and ordered pilot programs to try some of it out. And as it turned out, decentralized ledger just isn't needed in most cases. It just sounds good, but is too expensive and not sustainable in comparison to other solutions.

I almost participated on XRP "ico" or what ever that was called back in time, (i still got my login info for that site), but i was talked out of it by people saying it's centralized corporate coin (which is technically is). I also didn't understand marketcap at the time and thought naively that max supply was too high, and thought of how little i knew makes me headpalm these days.

Back in time it had a simple use case, and that was transferring large amounts of value between exchanges, because there were lack of cheap, fast and liquid options that would be accepted everywhere.

[tygeade]

Well, congratulations for holding it this long. I am sure it will go back there eventually and you get to sell it, but what comes to adoption opportunities it had, i am afraid that they were pilot programs, and most of the time those lead nowhere.

At the time when crypto was booming "and solving everything", most of the people didn't know what it does, like they still don't do. Companies just didn't want to be left behind, and ordered pilot programs to try some of it out. And as it turned out, decentralized ledger just isn't needed in most cases. It just sounds good, but is too expensive and not sustainable in comparison to other solutions.

I almost participated on XRP "ico" or what ever that was called back in time, (i still got my login info for that site), but i was talked out of it by people saying it's centralized corporate coin (which is technically is). I also didn't understand marketcap at the time and thought naively that max supply was too high, and thought of how little i knew makes me headpalm these days.

Back in time it had a simple use case, and that was transferring large amounts of value between exchanges, because there were lack of cheap, fast and liquid options that would be accepted everywhere.

The sad thing about keeping something like this for this long is the fact that you may actually end up with a loss based on missed opportunity, and not a lot of people talk about that part. I think it's quite clear that we are going to see a lot of missed chances if we do not look at this carefully and I believe that we are not going to like what we get. If he sold beforehand, like not let it go down this much and sold and bought something else, then he could have made a lot more money without a doubt.

Instead, he kept it, and yeah he could profit in the end, which is fine and happy, but it is going to be something that takes too much time and it is going to be a lot less profit than what OP could have made with something else.

[Nrcewker]

What are you serious about 50x? I am feeling that 10x is still a very big amount for many crypto traders. We know that 10x comes with huge risk. Nevertheless, I always hold the coins for short-term gains. I target an 8% return on the investment; once that is achieved, I sell the coins. Yes, most of the time I trade with futures, but yes, for this I maintain a good big balance. For this big balance, 8% profit is a good amount. I do trade with altcoins in futures every 2-3 days and target small profits from it.

[betswift]

What are you serious about 50x? I am feeling that 10x is still a very big amount for many crypto traders. We know that 10x comes with huge risk. Nevertheless, I always hold the coins for short-term gains. I target an 8% return on the investment; once that is achieved, I sell the coins. Yes, most of the time I trade with futures, but yes, for this I maintain a good big balance. For this big balance, 8% profit is a good amount. I do trade with altcoins in futures every 2-3 days and target small profits from it.

For me, 10x is even too much, 3-4x - great, 10 - is overkill, because you can easily spoil everything and lose your profit. But I trade in spot, so, the moves here should be slower, and they are safer.

[bakasabo]

I doubt that XRP would achieve anything high any time soon or ever. If we talk about XRP, than I am holding it since 2021. Bought it when the price was $1.05. Thought that it will be a good investment if they beat SEC. What I get now is that SEC is beaten, price is way lower, ATH is not even close. I would be happy to sell it for $1.05 again. Indeed XRP is popular, but that is pretty much it. Imo it is impossible to get gains just on popularity. As to technology and opportunities XRP give, are they still demanded?

Well, congratulations for holding it this long. I am sure it will go back there eventually and you get to sell it, but what comes to adoption opportunities it had, i am afraid that they were pilot programs, and most of the time those lead nowhere.

At the time when crypto was booming "and solving everything", most of the people didn't know what it does, like they still don't do. Companies just didn't want to be left behind, and ordered pilot programs to try some of it out. And as it turned out, decentralized ledger just isn't needed in most cases. It just sounds good, but is too expensive and not sustainable in comparison to other solutions.

I almost participated on XRP "ico" or what ever that was called back in time, (i still got my login info for that site), but i was talked out of it by people saying it's centralized corporate coin (which is technically is). I also didn't understand marketcap at the time and thought naively that max supply was too high, and thought of how little i knew makes me headpalm these days.

Back in time it had a simple use case, and that was transferring large amounts of value between exchanges, because there were lack of cheap, fast and liquid options that would be accepted everywhere.

Something tells me that by the time XRP completely solves their issues with SEC, another project will already replace SWIFT or find a way to work parallel with it, offering the same services as XRP. That is why I will be happy to sell my XRP when sell price reaches my buy price. I have lost all the hopes to earn with that my XRP investment. I can go with trading and reselling/rebuying to minimize losses, but it will take a lot of time and nerves to do that.

[betswift]

I doubt that XRP would achieve anything high any time soon or ever. If we talk about XRP, than I am holding it since 2021. Bought it when the price was $1.05. Thought that it will be a good investment if they beat SEC. What I get now is that SEC is beaten, price is way lower, ATH is not even close. I would be happy to sell it for $1.05 again. Indeed XRP is popular, but that is pretty much it. Imo it is impossible to get gains just on popularity. As to technology and opportunities XRP give, are they still demanded?

Well, congratulations for holding it this long. I am sure it will go back there eventually and you get to sell it, but what comes to adoption opportunities it had, i am afraid that they were pilot programs, and most of the time those lead nowhere.

At the time when crypto was booming "and solving everything", most of the people didn't know what it does, like they still don't do. Companies just didn't want to be left behind, and ordered pilot programs to try some of it out. And as it turned out, decentralized ledger just isn't needed in most cases. It just sounds good, but is too expensive and not sustainable in comparison to other solutions.

I almost participated on XRP "ico" or what ever that was called back in time, (i still got my login info for that site), but i was talked out of it by people saying it's centralized corporate coin (which is technically is). I also didn't understand marketcap at the time and thought naively that max supply was too high, and thought of how little i knew makes me headpalm these days.

Back in time it had a simple use case, and that was transferring large amounts of value between exchanges, because there were lack of cheap, fast and liquid options that would be accepted everywhere.

Something tells me that by the time XRP completely solves their issues with SEC, another project will already replace SWIFT or find a way to work parallel with it, offering the same services as XRP. That is why I will be happy to sell my XRP when sell price reaches my buy price. I have lost all the hopes to earn with that my XRP investment. I can go with trading and reselling/rebuying to minimize losses, but it will take a lot of time and nerves to do that.

Innovation doesn't wait, it pushes the boundaries. Those who forget it usually are lost in time, and others take their place.

[JamesDaniel90]

What are you serious about 50x? I am feeling that 10x is still a very big amount for many crypto traders. We know that 10x comes with huge risk. Nevertheless, I always hold the coins for short-term gains. I target an 8% return on the investment; once that is achieved, I sell the coins. Yes, most of the time I trade with futures, but yes, for this I maintain a good big balance. For this big balance, 8% profit is a good amount. I do trade with altcoins in futures every 2-3 days and target small profits from it.

50x is not that difficult if you get in early.

I got in Kaspa at $0.02 last year and sold it by $0.12 - i didn't have a big amount. The price is currently $0.20 but i think it will get close to $1 this bull run so that would have been a 50x had I just held. That was my first and only mistake when it comes to selling too early.

I am currently in an altcoin called Arcblock, got in last year at $0.13 and it hit all time high in May of $4.65 - that gave me a 35x.

It sounds like you are more the trader type which is fine, but I am the buy low, wait many months and sell high type. And in doing this, that is when you can see the big returns.

[Bd officer]

Be interesting to hear how we all plan to profit from the peak of this bull run over the next 6-12 months.

What return will you be happy with?

I feel a 10x overall would be great personally but i do have a few altcoins I plan to hold longer in the hope they can 50x or more.

Investing in altcoins is risky. I don't know which altcoins you invested in. You should not expect much profit, if you expect much profit then you may face losses. In my opinion if you see 4-5x profit from altcoins in the upcoming Bullrun, it will be wise to take profit. Everyone's plan is not the same, everyone has different plans. But don't expect extra profit.

[betswift]

What are you serious about 50x? I am feeling that 10x is still a very big amount for many crypto traders. We know that 10x comes with huge risk. Nevertheless, I always hold the coins for short-term gains. I target an 8% return on the investment; once that is achieved, I sell the coins. Yes, most of the time I trade with futures, but yes, for this I maintain a good big balance. For this big balance, 8% profit is a good amount. I do trade with altcoins in futures every 2-3 days and target small profits from it.

50x is not that difficult if you get in early.

I got in Kaspa at $0.02 last year and sold it by $0.12 - i didn't have a big amount. The price is currently $0.20 but i think it will get close to $1 this bull run so that would have been a 50x had I just held. That was my first and only mistake when it comes to selling too early.

I am currently in an altcoin called Arcblock, got in last year at $0.13 and it hit all time high in May of $4.65 - that gave me a 35x.

It sounds like you are more the trader type which is fine, but I am the buy low, wait many months and sell high type. And in doing this, that is when you can see the big returns.

Then again, you usually don't know what will happen next, so selling and buying in portions is a good way to go, with money you are willing to spend. Especially if it's done like you, very early and trusting the project you are ready to invest your time and effort in (for months or years).

[JamesDaniel90]

Be interesting to hear how we all plan to profit from the peak of this bull run over the next 6-12 months.

What return will you be happy with?

I feel a 10x overall would be great personally but i do have a few altcoins I plan to hold longer in the hope they can 50x or more.

Investing in altcoins is risky. I don't know which altcoins you invested in. You should not expect much profit, if you expect much profit then you may face losses. In my opinion if you see 4-5x profit from altcoins in the upcoming Bullrun, it will be wise to take profit. Everyone's plan is not the same, everyone has different plans. But don't expect extra profit.

Yes it is risky, but what is someone going to do now just invest in Bitcoin and get a 2x for the rest of this bull run?

Hardly life changing is it. Its ok if you have big money but not if you are a normal person with normal working life and salary.

You can get 10-20x easy in altcoins in the next 6-12 months, some will do 50x if your lucky.

Yes some will go to zero but as long as you are diverse then you will not lose all your money and more likely make a good amount overall.

[betswift]

Be interesting to hear how we all plan to profit from the peak of this bull run over the next 6-12 months.

What return will you be happy with?

I feel a 10x overall would be great personally but i do have a few altcoins I plan to hold longer in the hope they can 50x or more.

Investing in altcoins is risky. I don't know which altcoins you invested in. You should not expect much profit, if you expect much profit then you may face losses. In my opinion if you see 4-5x profit from altcoins in the upcoming Bullrun, it will be wise to take profit. Everyone's plan is not the same, everyone has different plans. But don't expect extra profit.

Yes it is risky, but what is someone going to do now just invest in Bitcoin and get a 2x for the rest of this bull run?

Hardly life changing is it. Its ok if you have big money but not if you are a normal person with normal working life and salary.

You can get 10-20x easy in altcoins in the next 6-12 months, some will do 50x if your lucky.

Yes some will go to zero but as long as you are diverse then you will not lose all your money and more likely make a good amount overall.

Diversification is key, among others, I agree. Been there, and many threads talk about it or forget it, but this factor is still here. More good projects mean more good chances to get something out of them. You just need to put big bucks into all of them, or better yet - just put small sums in all of them and see how it goes, even if the profit wouldn't be - that - big, it would be great in the long run, in my opinion.

[Reatim]

Yes it is risky, but what is someone going to do now just invest in Bitcoin and get a 2x for the rest of this bull run?

Hardly life changing is it. Its ok if you have big money but not if you are a normal person with normal working life and salary.

If you are a normal person with a working life and salary, you should definitely go for the dca method. Like you said, bitcoin can be life changing if you already have a lot of money to invest in bitcoin since bitcoin is just too expensive.

But this should not discourage people from investing in bitcoin. I would rather slowly but constantly invest in bitcoin than dump a huge amount of money into an altcoin I have no guarantee of making profits.

[o48o]

Something tells me that by the time XRP completely solves their issues with SEC, another project will already replace SWIFT or find a way to work parallel with it, offering the same services as XRP. That is why I will be happy to sell my XRP when sell price reaches my buy price. I have lost all the hopes to earn with that my XRP investment. I can go with trading and reselling/rebuying to minimize losses, but it will take a lot of time and nerves to do that.

Innovation doesn't wait, it pushes the boundaries. Those who forget it usually are lost in time, and others take their place.

And it's not like it's uncommon or that best tech would even win. We have history full of cases where inferior tech wins (like VHS vs Betamax), or stolen tech gets credited by someone with more influence and money behind them. And since it's probably open source tech that will replace SWIFT (if it even gets replaced), it wouldn't need some private company like ripple to deal with. Because governments don't want to give private companies too much power over their monetary system.

And i know that we are used to the way of coins being the incentive to secure the chain, but i am not sure if that's the only way. It's just the only way we know for now.