Hi guys. I've been lurking for a few months but this is my first post. I'm new in the cryptospace and only started investing about a month ago.
I bought a few waves, siacoins and stratis and I'm holding them.
I want to start playing with part of my portfolio and day trade, that is buying and selling on a daily basis for profit. I currently use Bittrex.
My question is, lets say today I think the market will go down and I want to sell my alt coins. You sell to what? Bitcoins? Because bitcoin will also go down, you go to fiat? Can you hold fiat in bittrex? My question is, when you sell and wait to buy, in what format do you hold your money while waiting?
Hope someone can help. Thsnks
Waves , Sia coin are my best coin and also stratis is a best coin but these are those coin where you need to long because these coins have better technology but they need more trust by the bitcoinerd to take interest them , so you need for month and these coins are not for day trading .
Now come at the panic selling of down price , first of all never buy those coins which are increasing and only buy those stable coins which are going down . If you already bought coins at high rate then never sell until its price get high , I mean don't sell in loss , even it take one year or even two years .
And never invest allmof your money in a single coin which is the first basic idea of trading .
