Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: MCcabe Rory on April 24, 2024, 08:31:33 PM
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Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
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The best thing right now for those who bought Bitcoin early at good prices is to continue with the holding strategy until Bitcoin gets a new ATH which is expected to be around the corner.
For those who have not bought yet can buy some Bitcoin with each correction because it is still a fairly good opportunity to buy yet since we expect the ATH to be around 100-150k$.
You should also be careful of fluctuations during the coming period, so anyone who does not have much experience in trading is better off just watching.
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The best thing right now for those who bought Bitcoin early at good prices is to continue with the holding strategy until Bitcoin gets a new ATH which is expected to be around the corner.
For those who have not bought yet can buy some Bitcoin with each correction because it is still a fairly good opportunity to buy yet since we expect the ATH to be around 100-150k$.
You should also be careful of fluctuations during the coming period, so anyone who does not have much experience in trading is better off just watching.
Thanks for the tip. Same applies to alts?
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Of course hold until the sell target is reached... bullruns are the most profitable moment to hold or do DCA when a correction occurs, some people can't predict the end time of the bullrun, so it's safer for them not to rush into buying, and I agree That...
However, if you have a long-term view and have strong hands, you can still buy more with the DCA technique and aim to hold for a longer time. Back again to each individual's trading style.
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It depends on your goals and approach. For some, the ultimate goal is for Bitcoin to reach 100k, in that case it's best for longtime investors to keep holding for now as analysts are predicting this bull run will see Bitcoin reaching the 100k/150k mark. For some other seasoned investors, the targets are even loftier, they want to HODL till it reaches 250k or more. If that's the strategy you want to keep, then I'd suggest you keep buying regardless of the price, but especially during the dips. DCA is smart, but long-term HODLers can benefit from even more aggressive buying. As for alts, definitely do your research and invest in the ones that are high potential and have solid base tech. Keep your portfolio diverse for minimum risk. When Bitcoin rises, the altcoin season will follow so it's all about betting on the right coins.
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Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
All I can say about this bull run that is our future today is just proof that I have noticed that many of our communities here in the crypto space are those who have really prepared to hold assets that they expect to make a profit in the run.
Just keep doing what we started with DACA bitcoins or altcoins, and don't stop or be greedy when you see that you have reached your target price.
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Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
My advice is to keep on holding until you make a profit or to increase your profit, but be sure to follow the market and the chart and sell for a profit if there's a correction coming.
There's nothing wrong in selling for profit but be sure you are comfortable and fair enough for you, the time of halving or when there's a shift in the market from bear to bull is the time to make a profit so this is the time to set your goal and an open eye in the market.
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Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
I will say, create a profit booking plan, as without it we won't be able to book maximum profit. First know your limits with some coin, as if you have invested in BTC and at the current price tag expecting BTC to give you 4x then I will say recalculate your limits, as well as of BTC. Because BTC doesn't have the potential to give more than 2x at the current market price. But if you are talking about alts then do the same thing, but the main point is to judge the potential of the project we are investing in.
Besides, do DCA in profit booking, if you think you don't have a good knowledge then DCA in profit booking can become handy. Don't sell low, even if you have to wait another cycle. Never invest more than what you can't afford to lose. Always control your emotion in bull season, never expect that you will get rich in the bull run with few thousands dollars if you are investing in BTC, but in alts there is a possibility.
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Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
I also see the halving as the start of a new cycle and bull run, more importantly, we will have an altseason in the future. Before the halving, I focused on DCAing BTC and a few top ALTS, but after the halving, I decided to use most of my capital to DCA ALTS and allocate a small portion to BTC. I believe that ALTS will soon outperform BTC in price and can bring more profits.
At the same time, I think that for now we can continue to monitor the market and wait for a growth in Q4. Q2 & Q3 should be a time for the entire crypto market to re-accumulate as we have had a continuous recovery process lasting for more than 1 year. DCA & Hold is the only action I will take throughout Q2 & Q3.
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Don't get a "profit rush". A lot of people make a lot of profit during the bull run and they end up not caring about the result all that much. They should realize that making money during this period doesn't mean that you are going to end up with a profit forever, eventually that bull run will end and you are not going to end up with anything decent for good. So what you should do is just take that profit and store it, but unfortunately a lot of people end up with a lot of losses because they risk a lot of money in the end.
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Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
If we are thinking about bullruns, I will think about my investment assets which have been held on a long-term basis. That won't be a problem if we don't encounter even higher prices. Because we got most of it during the last bearish season. Aren't we just waiting for the time to come? Because we really think we will be much more patient to welcome the bullish ra that we have been waiting for for more than 4 years. Therefore, just be patient, our assets will definitely double if we choose coins. Just waiting for the real bullrun.
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Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
The best I could ever think of is not to get all anticipated and hyped and sell too early or too late and that's the mistakes most people do. How and what do you do inorder to avoid this? Well for starters no one actually knows the exact price that any coin will especially those with big reputation like Bitcoin and Ethereum so have your own target price is probably the best thing you do and make sure you do all research by yourself so to avoid blaming anyone if it doesn't work out as planned .
If you have a specific target then it will save you from all the stress and panic of wanting to or contemplating on waiting more.
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Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
Hy folk!
- If you have invested for long and your coins have started to appreciate, make sure you are not clicking random links or downloading random apps if you are using hot wallet. It will be bad that you labour for a scammer.
- Mind how you invest in new projects without researching because this is the period that scam projects flood the industry to steal your money.
- Ensure you have an exit strategy. Some people will keep holding and the bear market will approach them and they will have to wait for another cycle.
- Don't invest because of FOMO
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The best thing right now for those who bought Bitcoin early at good prices is to continue with the holding strategy until Bitcoin gets a new ATH which is expected to be around the corner.
For those who have not bought yet can buy some Bitcoin with each correction because it is still a fairly good opportunity to buy yet since we expect the ATH to be around 100-150k$.
You should also be careful of fluctuations during the coming period, so anyone who does not have much experience in trading is better off just watching.
Thanks for the tip. Same applies to alts?
Depends on which alts you hold, if it is solid like in the top 20 in marketcap or prices then it could have follow Bitcoin's path, it might be a slow increased but we still have next year to see how alts will do and I think they will do just fine.
If it is meme or shit coins, there could be occasional pump and dump, so just be careful with it. Not sure if you have the experience though. But nevertheless you can lose money from them. Best of luck in your journey and hopefully everyone here can make great profits in this bull run.
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Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
1. Always double-check or triple-check the websites you're going especially when it's a new website.
2. Don't interact with strangers especially those who just sent you a DM out of nowhere.
3. Always be vigilant and don't be gullible. Don't get attracted too easily with huge returns in a project.
4. Make a list of red flags that will help you decide which projects you can invest, and which are scam.
5. Have a selling target especially now that we are in a bull run soon.
These are just some of the things that you can do during the bull run. Some of them aren't directly increase your profits, but that will help you at least secure the profits that you might get during the bull run. Hope it helps. :)
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Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits?
1. Make sure that you are holding a good crypto portfolio concentrating a lot on solid coins like Bitcoin, Ethereum, SOL and many more...for as long as your funds will allow but don't ever get tempted to use loans or get family members to ride with your activities.
2. Never be tempted with other projects most especially those who are sprouting all over in the SOL network and if you think you want to partake with the excitement learn to limit your exposure and use due diligence so as to limit possible loss.
3. Establish your holding strategy so you won't be rattled with FOMOS which are all common when the market is on the upswing...get yourself the diamond hands and not the weak hands so you won't cry a river.
4. Make sure you are keeping your cryptocurrencies safe and secure so you can avoid the possibility of being hacked or phished...so learn from the horrifying experiences of other people so you won't lose funds.
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Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
1. Always double-check or triple-check the websites you're going especially when it's a new website.
2. Don't interact with strangers especially those who just sent you a DM out of nowhere.
3. Always be vigilant and don't be gullible. Don't get attracted too easily with huge returns in a project.
4. Make a list of red flags that will help you decide which projects you can invest, and which are scam.
5. Have a selling target especially now that we are in a bull run soon.
These are just some of the things that you can do during the bull run. Some of them aren't directly increase your profits, but that will help you at least secure the profits that you might get during the bull run. Hope it helps. :)
points 2 and 3 often happen on Telegram, they will give high profits that don't even make sense in logic, they will randomly send messages to every Telegram user, therefore beginners are more careful in responding
In my opinion, to face the bull run later, at least we set a target on our parfolio in achieving profits, avoid greed, if you have reached the target, it is better to let go than to zonk because we don't know the market condition in the future. If it has already reached the target, it would be better to let it go.
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1. Always double-check or triple-check the websites you're going especially when it's a new website.
2. Don't interact with strangers especially those who just sent you a DM out of nowhere.
3. Always be vigilant and don't be gullible. Don't get attracted too easily with huge returns in a project.
4. Make a list of red flags that will help you decide which projects you can invest, and which are scam.
5. Have a selling target especially now that we are in a bull run soon.
These are just some of the things that you can do during the bull run. Some of them aren't directly increase your profits, but that will help you at least secure the profits that you might get during the bull run. Hope it helps. :)
points 2 and 3 often happen on Telegram, they will give high profits that don't even make sense in logic, they will randomly send messages to every Telegram user, therefore beginners are more careful in responding
In my opinion, to face the bull run later, at least we set a target on our parfolio in achieving profits, avoid greed, if you have reached the target, it is better to let go than to zonk because we don't know the market condition in the future. If it has already reached the target, it would be better to let it go.
I think almost all of us have received messages that come from nowhere, they will immediately explain the reason they sent us the message. I always ignore those who suddenly send messages offering something very tempting.
We really have to be careful, and I also suggest never posting anything about the amount of assets we have, because that might invite irresponsible people to come to us. It's better to enjoy it yourself.
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We have entered into the bull run but have not seen any huge price yet and also have not seen the effects of halving so the better strategy now is to increase your patience and continue your investment by adding more coins to it or continue your holding with already held coins.
The price of Bitcoin will surely touch the cost higher than 73k$ but the actual time is not easy to identify so this time one cannot do anything instead of waiting for the best therefore working with patience can only help you to continue your journey of success.
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Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
Just be patient in holding your assets. Yes, because patience is the key in the terms of holding or investing. By being patient, we will not rush into making decisions regarding the increase in crypto prices in the current market. Yes, with the belief that crypto market will soon experience a bullrun, I can only be patient with the assets in the portfolio.
1. Make sure that you are holding a good crypto portfolio concentrating a lot on solid coins like Bitcoin, Ethereum, SOL and many more...for as long as your funds will allow but don't ever get tempted to use loans or get family members to ride with your activities.
Indeed, because if we hold on to shit coins then what will happen is that over time the value of our assets will decrease. Because there are not many shit coins that will last long as an investment. Because that's what you say, it's true, if investment also needs to be thought about, what assets should be owned. That's right, BTC, ETH, BNB or other top coins are more valuable than participating in getting hype coins from certain projects which are actually very risky.
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Indeed, because if we hold on to shit coins then what will happen is that over time the value of our assets will decrease. Because there are not many shit coins that will last long as an investment. Because that's what you say, it's true, if investment also needs to be thought about, what assets should be owned. That's right, BTC, ETH, BNB or other top coins are more valuable than participating in getting hype coins from certain projects which are actually very risky.
There are many Shitcoins that will not be valuable, but some Shitcoins will also find their hype time and make a profit, and that is the time to sell.
To be safer if you have to buy top coins like BTC, ETH, BNB or other top coins, buying gradually will be good advice before the real bull run arrives.
Take advantage of this rare moment after the halving to get more benefits.
If you have bought some of the top assets as already said, then the safe way is to hold them and add to them when a correction occurs.
There is no need to panic when there is a correction, the important thing is that there is spare money to buy back.
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There are many Shitcoins that will not be valuable, but some Shitcoins will also find their hype time and make a profit, and that is the time to sell.
To be safer if you have to buy top coins like BTC, ETH, BNB or other top coins, buying gradually will be good advice before the real bull run arrives.
Take advantage of this rare moment after the halving to get more benefits.
If you have bought some of the top assets as already said, then the safe way is to hold them and add to them when a correction occurs.
There is no need to panic when there is a correction, the important thing is that there is spare money to buy back.
That's a DCA strategy and it works for almost to all coins or any project just make sure that you are choosing a good project or stay only at these known coins like you mention because not all on the top 50 are good coins some of them are not and only listed on shitexchange and can't able to trade on a well-known exchange like Binance or OKX. So it would be better to stick to the coin that we usually use polygon, ADA, and TRX including the major coins.
Not just only on the correction you should always keep DCA every time the price drops you can monitor the market every week because that is the time frame to notice if it's a bullish or bearish week if it's bearish that's a good opportunity to buy them at a cheap price.
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Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
The bull run describes a season when the value of different coins increases. There is no specific time range in which it is expected to last, but a safe practice with your investment is not to be too quick to sell your investment for quick profit, and you also should be careful where or who you are selling to.
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Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
DCA or dollar cost averaging is for me the most safest and maybe the most profitable strategy so far I know. Since we are talking about bull run here this strategy is perfect and it is proven by many. Don't be greedy on your investments rather be patient and wait for the best opportunity.
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The bull run describes a season when the value of different coins increases. There is no specific time range in which it is expected to last, but a safe practice with your investment is not to be too quick to sell your investment for quick profit, and you also should be careful where or who you are selling to.
Bull season starts when the buying rate of coins increases but there should be specific targets for selling during bull season as not a single person knows regarding the end of bull season. Some people just sell their Bitcoin and other coins so quickly that they become unable to take profit at the time of ATH but it will suggest that they keep holding and don't decide to sell quickly.
Investment is not only about buying low and selling high but you have to accept every possible strategy with the help of which you can increase your profit. Keep in mind that your coins will also suggest your profit so use your knowledge instead of other suggestions to buy coins.
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Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
I will say, create a profit booking plan, as without it we won't be able to book maximum profit. First know your limits with some coin, as if you have invested in BTC and at the current price tag expecting BTC to give you 4x then I will say recalculate your limits, as well as of BTC. Because BTC doesn't have the potential to give more than 2x at the current market price. But if you are talking about alts then do the same thing, but the main point is to judge the potential of the project we are investing in.
Besides, do DCA in profit booking, if you think you don't have a good knowledge then DCA in profit booking can become handy. Don't sell low, even if you have to wait another cycle. Never invest more than what you can't afford to lose. Always control your emotion in bull season, never expect that you will get rich in the bull run with few thousands dollars if you are investing in BTC, but in alts there is a possibility.
It’s interesting to evaluate the potential of the project. How is it? In my opinion, this is a general phrase that, if you think about it, does not convey anything in terms of usefulness. The only thing that can be said for sure is that when a bullish trend begins, it is better to invest in altcoins as they will bring more profit as a percentage than the same Bitcoin. The exception is ether and perhaps some “old” altcoins, most likely their growth will not be significant. And the second point is not to forget to take profits, everyone determines the fixing ceiling for themselves, there is no universal formula.
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It’s interesting to evaluate the potential of the project. How is it? In my opinion, this is a general phrase that, if you think about it, does not convey anything in terms of usefulness. The only thing that can be said for sure is that when a bullish trend begins, it is better to invest in altcoins as they will bring more profit as a percentage than the same Bitcoin. The exception is ether and perhaps some “old” altcoins, most likely their growth will not be significant. And the second point is not to forget to take profits, everyone determines the fixing ceiling for themselves, there is no universal formula.
You gave good and the most easy tips, although they are easy but hard to follow even by many experts, as investors are sometimes played by market sentiments. You are a few of the legendaries here who have this POV that we should also invest in ALTs. As I have seen people talking so good about BTC that they are literally ignoring the fact that BTC can't give them much at the moment. But still, I don't know why members here and on other forums, always praise BTC I also praise BTC, but I praise ALTs too. While those don't praise but talk bad for ALTs.
Well, as an investor, and traders we should not see which token we are investing either BTC or alts, what we should see, is whether this token has enough potential to give us some returns or not. If it have, then we should go for it and take the profit why giving up on an opportunity just because we or some member told us to become BTC enthusiast. At start I also ignored alts but later realized my mistake and now I have some funds in alts too.
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Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion
DCA or dollar cost averaging is for me the most safest and maybe the most profitable strategy so far I know. Since we are talking about bull run here this strategy is perfect and it is proven by many. Don't be greedy on your investments rather be patient and wait for the best opportunity.
This way is indeed the best way to collect bitcoins. As long as you keep a record of all the transactions you have purchased, this will give you the opportunity to collect a very large amount of bitcoins and you can sell them when the price is very high.
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However, if you have a long-term view and have strong hands, you can still buy more with the DCA technique and aim to hold for a longer time. Back again to each individual's trading style.
We have to move according to how much we expect from our investment. Those buying Bitcoin and holding it for the long term should be more cautious. We should accumulate more bitcoins until the target bitcoin price turns bullish. And for this I would agree with you that the strategy followed by DCA is to regularize it. Everyone who holds bitcoins until they reach their goal the definitely will get the success.
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The best strategy is not to be greedy, in other words if you are in all this just for profit you have to determine your exit point in advance. Some people are satisfied if they earn 50%, others will be completely satisfied with 100%, some others will seek a much higher profit - but in the end you should be realistic and not ask for the impossible.
There is no doubt that many have the goal of $100 000, so although we believe that it could happen this year or next year, those who are waiting for just such a moment risk not seeing it again.
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My advice is just be patient. Even though we are in the bullish trend in a higher time frame, there is always a retracement. So if for you we are bullish, we should expect for a downward movement to occur. Sometimes this movement can make you hesitant, so we have to bear in mind that don't sell your asset if this happened because it's normal. And if you have more funds, add more investment. Following these ways can maximize your profit.
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My advice is just be patient. Even though we are in the bullish trend in a higher time frame, there is always a retracement. So if for you we are bullish, we should expect for a downward movement to occur. Sometimes this movement can make you hesitant, so we have to bear in mind that don't sell your asset if this happened because it's normal. And if you have more funds, add more investment. Following these ways can maximize your profit.
People should also learn to differentiate between retracement and when others are selling. There is no point of holding coins from beginning of bull run, have something significant as profit and then didn't sell because you are looking for a particular price. It's better to sell if retracement becomes a constant drop in the price continuesly and by the way, there is nothing bad if you sell your coin if you are in profits, unless you are holding for years.
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My advice is just be patient. Even though we are in the bullish trend in a higher time frame, there is always a retracement. So if for you we are bullish, we should expect for a downward movement to occur. Sometimes this movement can make you hesitant, so we have to bear in mind that don't sell your asset if this happened because it's normal. And if you have more funds, add more investment. Following these ways can maximize your profit.
There are many ways to be able to maximize profits, one of which is by preparing some reserve funds that will indeed be used to make repurchases.
This needs good fund management and how to implement the strategy so that it can work properly.
People who are hesitant about the movement that continues to fall are certainly afraid when the price will not come back again.
But as long as you still have spare funds, you only need to rebuy and wait for the price to rise again, it will give greater profits.
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My advice is just be patient. Even though we are in the bullish trend in a higher time frame, there is always a retracement. So if for you we are bullish, we should expect for a downward movement to occur. Sometimes this movement can make you hesitant, so we have to bear in mind that don't sell your asset if this happened because it's normal. And if you have more funds, add more investment. Following these ways can maximize your profit.
People should also learn to differentiate between retracement and when others are selling. There is no point of holding coins from beginning of bull run, have something significant as profit and then didn't sell because you are looking for a particular price. It's better to sell if retracement becomes a constant drop in the price continuesly and by the way, there is nothing bad if you sell your coin if you are in profits, unless you are holding for years.
What you said is actually correct, taking your profile and rebalancing your portfolio when you notice an unusual decline in the market is actually a reasonable approach to avoid losses, but it's not always the best approach in moments like that, investment is not always about taking profits.
Except of course you don't believe in the coin's long-term potential, but if it's a token that has potential for further growth then selling when there's a decline in price is definitely a very wrong approach.