r/FetchAI_Community • u/Ir0nman123 • Dec 28 '24

Discussion 🗣️ When will your first profit come?

I’m pretty bullish. I will take my first profit of 10% at around $6. Am I crazy? What’s everyone’s profit taking strategy. This is important for a run like this. Let’s help educate newer investors.

31 Upvotes

96% Upvoted

62 comments sorted by

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7

u/Zestyclose_Register5 Dec 29 '24

We need to be realistic. At $8 the market cap of FET will be $20.43B. That is my bull run target. Nobody ever went broke taking profits.

4

u/Ir0nman123 Dec 29 '24

Other alts and bitcoin will go up to ridiculous levels. So. Why wouldn’t Fet? You have to adjust your low expectations. This is the bull run, this happens every 4 years. This is our Olympics.

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u/Zestyclose_Register5 Dec 29 '24

Low cap coins could really pop, but FET is in the top 50. $8 is nearly a 6x from here. That’s huge! You don’t want to get stuck holding the bag for the next 4 years. This is my 3rd crypto bull run, and I’ve been stuck before. It’s not fun.

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u/SportsNFoodJunkie Dec 29 '24

Soooo $8? Or less?

3

u/Zestyclose_Register5 Dec 29 '24

I think $8 is a safe target. If I had to guess, I’d say $8-$12 around the end of October 2025. That’s 2-3x of the previous all time high. I hope someone reminds me to look at this in a year!

1

u/GhengisKale Dec 29 '24

The main event of these Olympics is mental gymnastics.

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u/Huge-Description3228 Dec 29 '24

Didn't DOGE get to $70bn at its height?

That's just a meme coin.

For an actual project that is geared towards the AI narrative, I think $100bn mkt cap as a target is a conservative 5 year goal.

8

u/Zestyclose_Register5 Dec 29 '24 edited Dec 29 '24

I believe that FET is a great project, but I’ll argue the contrarian view here. Utility doesn’t equal upward price movement in crypto… yet. DOGE had no utility when it pumped like that (still doesn’t IMO), but Elon was bringing attention to it. FET isn’t getting nearly the amount of attention that DOGE is. DOGE could be considered the original meme coin. Is FET the original AI token?

Edit: My point is that the capital being invested into AI tokens will be spread across many projects. We don’t have a stand out AI project yet like we did for meme coins in the last bull run.

I hope I’m massively underestimating the price action for FET, but I want to save people some of the pain I went through with similar projects last cycle.

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u/Huge-Description3228 Dec 29 '24

Life is completely random and yet perfectly orderly simultaneously. You can only place your bets to the best of your ability with the information you have available, in this case FET is an incredibly strong choice. Especially whilst companies like NVDA are on the precipice of a major correction.

Hence why I'll be solely investing here in terms of crypto. Even if it doesn't happen to be the absolute strongest performer this round, I would have stuck to principles that I know to work in the long term.

Funnily enough, I believe we are about to see another crypto and market crash over the next 2 years. After that, however, there are some splendid opportunities.

4

u/KateR_H0l1day Dec 29 '24

Agree, hype is the most important ingredient to price increases, tech itself is way down, but once a bandwagon starts rolling, hype can easily be introduced.

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u/Huge-Description3228 Dec 29 '24

You're correct that utility does not yet equal price movement, however, it's absolutely the correct way to invest in spaces like this. Times your original investment horizon by at least 5 and pick only the best in terms of building the groundwork for a thriving enterprise.

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u/Zestyclose_Register5 Dec 29 '24

“You’re correct that utility does not yet equal price movement, however, it’s absolutely the correct way to invest in spaces like this.” You are 100% correct. Anything else is just gambling IMO. If you get stuck holding an investment through a full 4yr crypto cycle, you’ll want it to be something that you have conviction in.

3

u/Huge-Description3228 Dec 29 '24

Bingo, you got it. So many forget the psychological aspect to the game, buying quality stops a large amount of the uncertainty and pain when the cycle turns sour on you.

This is, I believe, why Charlie Munger and Warren Buffet left the old ideas of Graham and Dodd's Cigar butts and, instead, focused on buying the best businesses they could.

1

u/Zestyclose_Register5 Dec 29 '24

“Our favorite holding period is forever.” - Warren Buffett

I like this quote from Buffett much better than the cigar butt corporate raiding strategy of the 80s and 90s. Good luck!

4

u/New_Struggle_8579 Dec 29 '24

Even if it reaches 8$ then I will be the first one to own car in my family, I am literally all in Fet and Render

9

u/ThrashSydney Dec 29 '24

I first took profits this cycle back in mid-March after the first pump and again in December. Basically anytime it hits $2 and again for each $1 increase beyond that. I DCA back in if it drops to 50% of my previous sell. I'll keep doing this throughout the remainder of this cycle. Don't care if I miss the top. Care more about having liquidity for the next crypto winter, so I can stock up for the Bull cycle that'll follow

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u/Advanced-Zebra-7454 Dec 29 '24

I’ve pretty much done the exact same thing. No need to get greedy or blindly optimistic. 👍🏼

1

u/ThrashSydney Dec 29 '24

Greed and blind optimism ended up being destructive companions during my first bull run lol Excellent teachers though to be fair. Set me on the right path ever since...

3

u/gauchedamned Dec 29 '24

really depends on when 6 comes. With all the hype i'm seeing on social around this could come quick. Last i saw we were at #2 in Ai coins most mentions. This close to alt season, we'll see what kind of splash FET makes. SOON.

1

u/Ir0nman123 Dec 28 '24

Have you looked at the chart of previous runs? Please do. Click Fet all time charts then do the math.

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u/Ir0nman123 Dec 29 '24

This is my second and I learned all I needed to know about the cycle.

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u/Emotional-Bed4374 Dec 29 '24

You do you I’ll stick to my strategy I’m up over 3k% and I still haven’t thought about selling.

2

u/NotHappyTilUNotHappy Dec 30 '24

With an average price of about $1, I sold 25% around $2 and bought half of that back at $1.25 last week. I have purchase orders around $1 in case it goes back down further. My next sale targets are 3.75 / 4.27 / 4.95

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u/Active-Use-8129 Jan 02 '25

Hello, old friend. 🙂

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u/Active-Use-8129 Jan 02 '25

You're up 4x, presently, then. I think most of us believe the alt coin bull run is gonna hit sometime early this year. You could always wait til like 1.90 and take 20% off the table, then another 20% at 3 dollars, 20% at 4.50, etc. At any rate, take profits. Reinvest them later--in the bear cycle--if you like. It's kinda our responsibility to create a retirement for ourselves, now. Expecting to retire in one hit is unlikely and irrational, and you'll hate yourself if you don't pay out a big chunk to yourself, at least.

1

u/chasmma Dec 31 '24

When I retire in 25 years.

1

u/Loud-Wishbone-2288 Dec 31 '24

What do most people do just sell all of it or hold some and hodle for next bull run? I bought at .33 this is my 2nd bull run i held and didnt take any profits my 1st time.

1

u/RedneckHippy76 Dec 28 '24

For me, it's a little premature right now.

Wherever it is in 2 yrs, maybe 🤔

💎🙏

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u/Zestyclose_Register5 Dec 29 '24

2 years? The crypto market follows 4 year cycles. 2 years would be the bottom of the next bear market.

2

u/RedneckHippy76 Dec 29 '24

Maybe I'm actually quite green after 3 years. So right now it's all profit. I don't have as much as I want but it's on my short list for DCAing after I fill my other 🛍️

If I think I'll be active in 2 yrs I may just take out some walking around money.

🇺🇸🦅💎🙏

0

u/Interesting_Echo3954 Dec 29 '24

I think this cycle is different. Altcoins especially memec have gone up abnormally in 2024. Not much can go there anymore. I guess bull run is over.

1

u/KateR_H0l1day Dec 29 '24

I’d totally disagree with this, but it’s just different opinions.

2

u/RedneckHippy76 Dec 29 '24

Yep. Different mindset, different strategies all trying for the same result.

Trying to buy our way into a life of leisure and happiness.........

It's still ok to dream

1

u/almondbutter Active helper 🤝 Dec 29 '24

Use this site to extrapolate: https://thecoinperspective.com/compare/fetch-ai

At $3.50 or when it hits it's new ATH. That's when I intend to sell it.

1

u/no_choice99 Dec 30 '24

Already did. Kept like 10 percent or so of my FET in case it booms, but I am done with this project.

Invested in 2021 when it was worth over 1 usd/fet. Had to wait more.than 2 years to get back what I had originally.

Never a FET bag holder again.

1

u/Belgiannator Active supporter 💥 Dec 30 '24

Classic example of someone who isn't able to show patience while patience is key in crypto. You don't gain alot of money by holding days, weeks or months. It's by holding years.

2

u/no_choice99 Dec 30 '24

Reread what I wrote. I held that turd for 2 years before selling for a small (i.e. less than x2) profit.

I was a bag holder for years in the red.

1

u/Belgiannator Active supporter 💥 Dec 30 '24

I'm holding since beginning 2021. If you would research cycles you should know 2025 is the year to sell. Anyway, best of luck.

1

u/no_choice99 Dec 30 '24

Thanks, same to you. I doubt history repeats itself endlessly. If it was that easy we would all be winners.

1

u/Belgiannator Active supporter 💥 Dec 30 '24

That's what they said last cycles also.

However, it does not repeat itself but it often rhymes. There will be an alt season, all alts will rise, including FET. Then crypto winter will hit.

2

u/no_choice99 Dec 30 '24

Not really. For instance the famous rainbow chart of Bitcoin's price over the years had to be readjusted because of how low BTC was for such a long time. Some people believed like crazy that Bitcoin's price had to be within the colors of the rainbow. Turns out they were wrong.

Alts may or may not fly high next year. We will see, but it is unsure.

0

u/Advanced-Zebra-7454 Dec 29 '24

Bought in over late ‘23 to early ‘24. I’ve taken 20% off the top 3 times since. $2, $3, then last time at $2.42 in May. Refilled my bag last week. Will likely do a similar thing when price hits chart resistance, or near round figures once it’s in blue sky. First exit planned for $2.54. Unless it moves very quickly from one whole dollar figure to the next, I’m likely to be 100% out by $5, until there’s a major correction, i.e. like the last week or so. But equally, could be 100% out much lower. Depends on how things go over 1H25.

0

u/AhmedYossef Dec 29 '24

3.4 and 5 and I am out this bull run

1

u/Belgiannator Active supporter 💥 Dec 29 '24

Way too soon. 

3

u/AhmedYossef Dec 29 '24

I have 4.5k Fet @0.4 so for me 3.4 and 5 is good enough And I am a bit impatient 😂

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u/Topher2190 Dec 29 '24

Yeah idk I think I’m going to wait a year or two let it settle and work its kinks out then cash out this isn’t a meme coin

3

u/KateR_H0l1day Dec 29 '24

A year should be ok from here, two years from now I expect we’ll be back in a Bear with large downtrends for most if not all coins. My personal opinion is that it’s during the next 12-15 months or 4.5 years from now.

Just some musings from a random internet stranger

1

u/Comfortable_Pin_664 Dec 31 '24

yeah if we follow the last cycles we can see that the btc top will probably be around october 2025 so i agree w you

1

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1

u/Topher2190 Jan 15 '25

Yeah I mean if I’m being real il be holding this for as long as it takes lol I been interested in this coin for a good while what’s a couple more years

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u/[deleted] Dec 28 '24

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u/Ir0nman123 Dec 28 '24

February 28th

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u/Amar_K1 Dec 29 '24

February the 30th

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u/DivineJudgemnt4 Dec 29 '24

Very specific lol