facebookHow do you decide when to sell cryptocurrencies? Enjoyed some gains on some coins now but not sure how much of my portfolio I should sell or whether I should sell them. Any advice? Thank you. - Seedly

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Anonymous

19 Aug 2021

Cryptocurrency

How do you decide when to sell cryptocurrencies? Enjoyed some gains on some coins now but not sure how much of my portfolio I should sell or whether I should sell them. Any advice? Thank you.

Also, is there any undervalued coins that are interesting and not so well known now?

Discussion (4)

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Take out enough to get back your capital and look for “undervalued” coins. Which typically mean Low market cap with high catalyst potential like a main net launch or some new use case.

You can use the total current market cap of the coin as a general rule of thumb.

For speculative coins, I usually sell all/half of my holdings once I reach a 50%/100% profit, which is what I did for AVAX recently. I bought AVAX at an average price of $17, and I recently sold my initial invested amount at $47, and I am just letting my profits run now.

I'm no expert on crypto but I can see that they do fill a gap in the market and can thus be consider...

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