Ben SimpsonNavigating the world of crypto with confidence & expertise | Founder & CEO of Collective Shift

This altcoin dropped 80 percent and most people gave up, I doubled down! #crypto #investing

Name: This altcoin dropped 80 percent and most people gave up, I doubled down! #crypto #investing
Uploaded: 2025-09-25T02:22:49+00:00
Duration: 41 s
Channel: Ben Simpson
Description: Ben Simpson (YouTube) explains his altcoin investing approach: he doubled down during an 80% drawdown when the token hit 6 cents (in April), later…

25 Sept 2025 · 1 min

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0:41

Ben Simpson (YouTube) explains his altcoin investing approach: he doubled down during an 80% drawdown when the token hit 6 cents (in April), later achieved a 10x gain in the bull market and sold at his target of 43 cents to take profits (buying his parents a house). He emphasizes having conviction, a clear goal/exit price, and re-entering after achieving objectives rather than chasing the top.

Questions this video answers

6 cents (in April).

43 cents.

10x.

Chapters

This one token has already done a 10x this bull market. I'm going to share with you my exit strategy right behind me. Now the biggest thing that people get wrong in investing in altcoins is that they get scared on this 80% drawdown syrup. This project here was down 80% when it hit 6 cents in April but that is when I doubled down because I believed in the token and the fundamentals. Now my goal was to get to 43 cents which allowed me to sell, take profits and now I'm buying my parents a house which is absolutely crazy. Most people keep holding on trying to get to the top and they don't know where the top is and they miss it because they think it might go to a dollar. This is the most important thing. You need to have conviction when people give up you need to have a goal and exit and not get back to the top and round trip. Now I'm buying back in after achieving my goal and that is what's so important about altcoin investing.