Buy low sell high? - page 19. | Bitcointalksearch.org

avikz

legendary

Activity: 3080

Merit: 1500

Quote from: _Doc_ on August 07, 2017, 12:29:41 PM

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!

That's the normal and very basic trading technique. Buy at dips and sell at high. However, to know when to buy and when to sell, you need to monitor the market continuously and then only you will be able to determine that.

Also I won't recommend you to use any altcoin with btc trading because their price are really volatile. So unless you monitor that market very closely, you may make loss from your trading. Instead, I will suggest you to use btc/usd pair only because it is easy to monitor and understand.

Pearls Before Swine

sr. member

Activity: 1190

Merit: 306

Umm..yeah, buddy, that's what most traders do. Are you in some sort of special school
by any chance? Watch out with coinbase. They are one of the most reputable exchanges,
but they will close your account in the blink of an eye if you make the slightest error.
I've seen it happen to people here and that's one of the biggest complaints I've read. You
better be ready to pay taxes too. I think coinbase is deep in bed with the IRS and
probably every other government tax agency...and they have to be.

MMA

legendary

Activity: 1134

Merit: 1000

Quote from: radjie on August 07, 2017, 01:28:09 PM

This is a trading technique because the market is in a positive condition, by buying at a low price and selling it at a price slightly higher than the purchase price by targeting the price to make a profit. It's so simple you only need to change the bitcoin into your local currency after the bitcoin price goes back down, you re-buy bitcoin with the local currency you use.

in fact every person want to use the same strategy but some time it become difficult when they trapped by panic selling and instead of making money they even lose their money. and specially those people who are very new in bitcoin trading and when the price start decreasing they cannot dare to hold and even sell their bitcoin in lost.

radjie

sr. member

Activity: 1876

Merit: 264

This is a trading technique because the market is in a positive condition, by buying at a low price and selling it at a price slightly higher than the purchase price by targeting the price to make a profit. It's so simple you only need to change the bitcoin into your local currency after the bitcoin price goes back down, you re-buy bitcoin with the local currency you use.

ss890

sr. member

Activity: 644

Merit: 263

I think that is what everyone here does everyday. That is called as swing trading in short where you buy at lowest possible price and sell at highest possible price. And I'm getting what you trying to say here, when you get the sell at high price then just convert the amount into fiat currency. Hold it until the amount of btc goes all the way down and then again buy new low priced bitcoins.

Well that's what we do really and it works.

_Doc_

newbie

Activity: 1

Merit: 0

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!

Topic: Buy low sell high? - page 19. (Read 5059 times)