RE: Up 149% in Vertcoin (VTC), What to do Now
Congrats on the good fortune! If I'm following my rule of thumb.. I set a threshold return that I'm happy to cash out at and dollar cost average sell for anything over the gains I'd be satisfied with. .
While you won't experience the full gain potential as if you'd waiting till the market's peak. Let's be real. Trying to time it with that level of precision is impossible. So just as an example, with the whole crazy rally with ANTSHARES a couple weeks ago.... during the first 100% jump from $5 - $10, I cashed out 25% and for every 25% higher, I'd sell another 25% of my stack.
So you know, I peaked at selling around $20-25... and while ANTSHARES blew up to $50, I had the peace of mind knowing that I got what I came for (even more so actually!) Getting greedy in instances like this, will screw you, so even though it's crypto, try to practice some conservatism.
Coming from a more conventional investing background, anything north of 10% is god-like. And the 30-1000% that crypto investors are experiencing, is just gross (used in a positive manner). I'm sure you'll be killing it with other coins in the future! :)
I like your strategy. It's a good way to not go broke;-) You definitely don't wan't to be piggish, the pigs get slaughtered, right. So I like to do small sells, stack some BTC, and reinvest the rest. At the same the time there's a lot of money coming into the space so I'm reticent to close entire positions at this point.