Topic: Buy low sell high? - page 11. (Read 5017 times)
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
I have never done that but I can do it in a local market like Indodax, I will try to do it now because the btc value is still cheap, I will not waste this opportunity
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!
The thing you are simply doing is just what we do called commonly "trading" but I would say its not ideal for you to have such stuff on coinbase.Its just limited yet they do only have a few number of coins being accepted unlike on other top tier exchange which you do able to see lots of coins which you can have lots of option on which coin you would decide to convert on.This might be a basic or simple step to make money but choosing up the coin would really be the hardest part. 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!
There are a number of platforms where you can buy low, sell high, and then convert to other currency when low (here are few of them in this link that I found now https://www.cryptocointrade.com/reviews/.
It's quite simple really but what makes it difficult is how to keep profits from all activities there. You can deposit money in them (depending on the method incur fees), buy bitcoin (incurring fees), keep them (no fees), sell them at right time and then do it again. Keep an excel for all transactions, so you can design times and prices at which you wish to do each step!
It's quite simple really but what makes it difficult is how to keep profits from all activities there. You can deposit money in them (depending on the method incur fees), buy bitcoin (incurring fees), keep them (no fees), sell them at right time and then do it again. Keep an excel for all transactions, so you can design times and prices at which you wish to do each step!
yes of course the right trading is that you have to be able to buy coins and buy a cryptocurrency when the price falls very cheap and if you want to sell then you can sell it when the price is high.
i think that just prediction. nobody really know when to convert to fial when market down and buying, then convert to btc when price raise.
because some prediction will never acccurate 100%, so if you mean like that i think that hard, even pro trader never always win.
because some prediction will never acccurate 100%, so if you mean like that i think that hard, even pro trader never always win.
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!
I try to use rupiah (Idr) when trying to sell bitcoin at high prices and try to buy back at a low price,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!
And if you are interested this is the official market link https://indodax.com
indeed now we have to buy coins that are in the bitcoin market at a low price and sell at high prices, I can trade can also buy coins at low prices and sell coins at high prices in order to get a lot of profit
Divide between a few promising alt coins. The potential returns you could get from holding bitcoin would be nice, but are dwarfed in comparison of what you could make from others.
my technique is to buy low sell high, follow the technique of trading with low buying and selling high, we have to be smart in investing and also we have to get a lot of profits.
in trading we must be able to analyze the market well and know the opportunity to be able to get profit and I think the most important thing in trading is buying at a low price and selling at a high price
It is a basic knowledge of a Trader
But does it really effect you need more skill and experience
Don't let your money soldier dose
But does it really effect you need more skill and experience
Don't let your money soldier dose
Coinbase is not the site to go when you want to buy or sell bitcoins or if you want to convert your BTC's to another crypto currency cause they have some issues of missing funds of some of their users and some unknown transactions without the users notice. Best site for trading is binance and bittrex.
Im not using coinbase for converting/trading my btc..u can use any of the big exchanges which is convenient for u..for me im using binance mostly..i buy low and sell high and since the value of btc is not stable u can park it to usd..i mean u trade ur btc into usdt and wait for the next dip and buy btc again
Well that's the point of trading, buy when the price is low and sell when the price is high, you can do it with any exchange as you like but I usually trade on binance because the volume is high so it make trading easier, also it seems like you are completely new to trading in general so i suggest you learn the basic first so you won't lose a lot of money.
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!
im only using my local wallet to do that im converting my funds when the price reach my desire amount and convert again when the price is low because converting is like buying again with a low price.
most traders use techniques or methods like this, they buy when prices are low and resell at high prices, for traders who are looking for is profit, they expect big profits, I also feel this is not cryptocurrency failure or stagnation but recession phase and there are good signs we will recover so it's time to invest in cryptocurrency now.
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.
yes you are right you should be able to do this method to be able to get a lot of profit, you can buy when the price is low and when the price falls and sell it when it has gone up again.
The aim of making profit is exactly what drives many into this simple principle: BUY LOW AND SELL HIGH? But it appear, many have forgotten that you can still buy high and sell high.. It all depends on the market.
If traders can take a chance in bull market maybe buy high and sell high can be happen, but i don't think a lot of people can do it because they afraid if buy coin in high price, they can loss too much
indeed now we have to buy coins that are in the bitcoin market at a low price and sell at high prices, I can trade can also buy coins at low prices and sell coins at high prices in order to get a lot of profit
Yes you are right, the market right now is currently low and you should take advantage of the current situation in order to earn more profit in the market.
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