Topic: Buy low sell high? - page 10. (Read 5017 times)
It is reasonable to convert bitcoin into a less volatile currency, which of course is the USDT, but these periods are not everyone can determine, you need to be careful.
So I have seen Coinbase is the main "source" for buying/selling BTC, but I was wondering if anyone has used the method of converting bitcoin to another currency when it reaches a high point, then converting it back to BTC when it is low enough.
If so, what wallet(s), exchanges, etc. are you using? And more specifically, what crypto do you recommend converting BTC to, in this situation?
Any help is appreciated!
If so, what wallet(s), exchanges, etc. are you using? And more specifically, what crypto do you recommend converting BTC to, in this situation?
Any help is appreciated!
Anyway, you can convert Bitcoin and other crypto in any different exchanges but you should have one wallet that you will keep you bitcoins. I suggest coinbase for this if you don't have a ledger wallet. Coinbase is already trusted wallet for cryptocurrency so I also have trust in this than any other wallets.
That's is the basic idea in crypto trading, and the trader's
golden rule "buy low sell high". different wallet is used in
different trading strategy, for example you're into shorter
term trades then you should use exchange platforms.
golden rule "buy low sell high". different wallet is used in
different trading strategy, for example you're into shorter
term trades then you should use exchange platforms.
in trading, indeed to be able to get profit we must know the best time to buy and sell, analyze the market well so that we will avoid losses, buy at low prices and sell at high prices then you will get profit
It's good time to buy now. The market is at bottom and have a signal to come back. You should analyse before investing. Do not put all eggs in one basket. That's smart tactic which i learn. Good luck!
what crypto do you recommend converting BTC to, in this situation?
I recommend as long as the system can support your needs and is good for growing your trade and everything depends on your needs. You can buy LTC and ethereum to get a profit
This is the best way to earn money in crypto world. If you will work here, you should work wisely, buy coins when the market is red then sell it when the market becomes green.
In my opinion this is a trading technique because the market is in a positive condition, buying at a price lower than the purchase price by targeting prices to make a profit. So the basic idea is to buy low and sell high but altcoin rates will be adjusted to the level of Bitcoin we use .
That is of course a simple logic and one does not need a high mathematical skills or technical analysis to do it. You just have to invest it your money in a point in time when the price of the coins you want to invest in is down. If we take a clear observation of the market right now, the values of most of the good coins is down. This is not the failure of the cryptocurrency nor stagnation but the recession phase and there are good signs we will recover again so it is high time to invest in cryptocurrency now.
This has been the most commonly applied strategy in order to reduce risks and huge losses. Holding makes earning more secured and safe as it helps to gain profit. However, it needs appropriate timing and thorough knowledge. Market keeps on moving highs and lows, and it's important that we stay up to date and be informed to determine what approach to take in times of crisis. Nothing comes easy, it's best that we know what we are dealing with and be committed to it.
True, HOLD is a way to secure our fortune, but we can't make a profit by just holding back, if we get stuck at a loss of 10% it's better we sell and trade back to cover the losses we experience, it's better to trade crypto in a short time to at this time because the price is hard to guess, from us HOLD coin and wait until the price goes up again we cannot guarantee that you will get a profit. it's better to get a little profit but to be consistent in a short period of time
I like to use coinbase to collect some btc but I use exchange for trading when coin price is so low I bought some coin I think this is good strategic make good profit
This is the normal and the usual way things are supposed to be done in my opinion. The goal is to buy low and sell high and this is what the professionals do but some new people in this market buy high and sell low because of depression.
This has been the most commonly applied strategy in order to reduce risks and huge losses. Holding makes earning more secured and safe as it helps to gain profit. However, it needs appropriate timing and thorough knowledge. Market keeps on moving highs and lows, and it's important that we stay up to date and be informed to determine what approach to take in times of crisis. Nothing comes easy, it's best that we know what we are dealing with and be committed to it.
If you have the patience, you can buy low and sell high prices in a long time, this effective way if you can wait that long.
However if you greed, you will miss many opportunities
However if you greed, you will miss many opportunities
Buy low and sell high is the basic strategy in trading business to earn profits. But with your idea in converting bitcoin to another crypto when the price is high and vice versa for me is not necessary. Just don't touch your bitcoin. Keep it as it is and just try investing in other cryptos which you think has a greater chance of rising in the future for additional profits.
absolutely right and that is what is called trade. so we can get a profit from buying and selling like that. buy low selling at high prices
at the moment I prefer an exchange that has a large volume like binance etc. most people use a strategy to buy low prices and sell at high prices, but many people lose because of the panic brand and they will lose a lot of money. trading well don't panic
Many people are frightened of panic because there are people who go against the principle that they will buy high sell low. These are whales, looking in the short term looking like they are going in the opposite direction but actually they still apply "buy low sell high" when they hold in large numbers coins.
Yeap its a good technique but some lose money this way because they just buy and sell without researching and after seeing a few reds they panic sell and lose and not gain any profit
I think many buy at low prices and sell at high prices. this is because this strategy must be done. Now all you need to do is choose a few coins on several exchanges and check them well.
So I have seen Coinbase is the main "source" for buying/selling BTC, but I was wondering if anyone has used the method of converting bitcoin to another currency when it reaches a high point, then converting it back to BTC when it is low enough.
If so, what wallet(s), exchanges, etc. are you using? And more specifically, what crypto do you recommend converting BTC to, in this situation?
Any help is appreciated!
it is really hard to buy low and sell high. Even professional traders have hard time buying the lowest and selling at the top. They always wait for confirmation and generally buy in the middle-low and sell middle-high. If so, what wallet(s), exchanges, etc. are you using? And more specifically, what crypto do you recommend converting BTC to, in this situation?
Any help is appreciated!
at the moment I prefer an exchange that has a large volume like binance etc. most people use a strategy to buy low prices and sell at high prices, but many people lose because of the panic brand and they will lose a lot of money. trading well don't panic
Many people are frightened of panic because there are people who go against the principle that they will buy high sell low. These are whales, looking in the short term looking like they are going in the opposite direction but actually they still apply "buy low sell high" when they hold in large numbers coins. Jump to: