if my way of investing I make a large purchase,
well when selling I do a high price selling system,
but sometimes find problems with altcoin prices are down, the way to overcome is when the selling price down to 20% sure I will immediately cut loss on my investment.
and move it to another coin that I predict will be more profitable
Topic: How difficult is it to sell your position? - page 4. (Read 3098 times)
the only way to exchange the money we have primarily on other types of bitcoin or crypto is to use the local bitcoin market exchange available in every country. That way bitcoin users will find it easier to exchange bitcoins into real currency they use. Any exchange on localbitcoin should have a limit on the amount of exchange rate, It aims to minimize pending transactions, and all transactions can be faster and more efficient.
Yes. It is just to find the available exchange for the country in question or ask around. Google is a very good way to know which one is quite easy to make someone get going pretty fast and you had be surprised the huge number of them around. However, localbitcoin and remitano has always been the best option for P2P transactions so fat that I have seen and are available in most places depending on who is ready to sell in your area though or just use some exchanges like LUNO direct if available. HI guys,
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
It's like having a share on a big company on your country, You need to decide when to buy or sell it.
Lets take the average price of BTC as example - on coinmarketcap $5.7k.
To get BTC, services such as localbtc or any native/local BTC exchange services would usually cost you differently, for example dealers on localbtc would sell their BTCs close to the average on low numbers ($5.5-$.5.6k), but low on huge volumes($5.4k). Exchange services would mostly give you a sort of safe price mechanism to counter fluctuations, and their price would be somewhat middle between the previous 2 ($5.5k).
Buying them is easy when you are able to pay more, but selling is a little bit more tricky as prices are competitive, and during times where market is dropping you have cope with some losses.
Other cryptocurrencies, or refers as Altcoins (Alt) is an entire different story, in short people use btc to buy alt, when alt grow sell it for more btc = profit, the reason on getting BTC is that cryptocurrencies that are exchangeable to fiats are only available for popular coin such as BTC, LTC or ETH.
To get BTC, services such as localbtc or any native/local BTC exchange services would usually cost you differently, for example dealers on localbtc would sell their BTCs close to the average on low numbers ($5.5-$.5.6k), but low on huge volumes($5.4k). Exchange services would mostly give you a sort of safe price mechanism to counter fluctuations, and their price would be somewhat middle between the previous 2 ($5.5k).
Buying them is easy when you are able to pay more, but selling is a little bit more tricky as prices are competitive, and during times where market is dropping you have cope with some losses.
Other cryptocurrencies, or refers as Altcoins (Alt) is an entire different story, in short people use btc to buy alt, when alt grow sell it for more btc = profit, the reason on getting BTC is that cryptocurrencies that are exchangeable to fiats are only available for popular coin such as BTC, LTC or ETH.
THere are many ways you exchange your bitcoins, there are exchanges that will exchange your bitcoin for you. What I do is I buy in-game items and then sell it in my local currency that can also be done if the amount isn't that big.
Bitcoin is not hr single thing but it has the high and the positive options I the circle of the bitcoin people who were not aware of the stable and the reliable income with the bitcoin are now having the fair and the main aim so just to make the future secure. Now it is not difficult to exchange to bitcoin it is now available in all the areas the bitcoin is popular in all the areas of the country. The income will be high if the bitcoin will get the high GPH.
If selling at market price it's pretty easy. However it's true it depends on the exchange you're using, some are having problems with their operations lately.
HI guys,
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
It is not difficult at all in my opinion. Not for me, because i sell my bitcoins when i need to directly at Localbitcoins.com, where i give my bank details to the buyer, he sends the funds to my account and then i release the coins held in escrow, and that's it!
Maybe there are other ways to sell bitcoins for fiat, but i never tried any other source for cashing out bitcoins as it never had been an hassle for me to do it by Localbitcoins.
the only way to exchange the money we have primarily on other types of bitcoin or crypto is to use the local bitcoin market exchange available in every country. That way bitcoin users will find it easier to exchange bitcoins into real currency they use. Any exchange on localbitcoin should have a limit on the amount of exchange rate, It aims to minimize pending transactions, and all transactions can be faster and more efficient.
Theoretically selling is as easy as buying.
You can sell the same way you bought your Coins. Either via marketplace (e.g. localbitcoins), currency exchanges (e.g. kraken), here in currency exchange section or Offline while meeting the person you want to trade with. After sending your coins to an exchange (for example) you can convert them to your FIAT currency and then cash out to a bank account.
But you have to be careful. You may need to pay taxes for your winnings of bitcoins as a investment, depending in which country you live.
And you also have cautious when meeting someone to trade with. There are a lot of people who rob people and force them to send all their coins to the scammer.
If you sell BTC make sure to not take paypal (or any other reversible payment gateway) - so you don't get scammed and lose your coins within seconds.
You can sell the same way you bought your Coins. Either via marketplace (e.g. localbitcoins), currency exchanges (e.g. kraken), here in currency exchange section or Offline while meeting the person you want to trade with. After sending your coins to an exchange (for example) you can convert them to your FIAT currency and then cash out to a bank account.
But you have to be careful. You may need to pay taxes for your winnings of bitcoins as a investment, depending in which country you live.
And you also have cautious when meeting someone to trade with. There are a lot of people who rob people and force them to send all their coins to the scammer.
If you sell BTC make sure to not take paypal (or any other reversible payment gateway) - so you don't get scammed and lose your coins within seconds.
HI guys,
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
You can cash out by exchanging btc to your local currency.Then You can withdraw your money via bank transfer. There are no buy limits or sell limit.That is automatic.You can buy that you want.But some website have minimum buy limit but no maximum buy limit. I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
HI guys,
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
It is not difficult at all in my opinion. Not for me, because i sell my bitcoins when i need to directly at Localbitcoins.com, where i give my bank details to the buyer, he sends the funds to my account and then i release the coins held in escrow, and that's it!
Maybe there are other ways to sell bitcoins for fiat, but i never tried any other source for cashing out bitcoins as it never had been an hassle for me to do it by Localbitcoins.
That depends in your country if they support or some website supports cashing out your crypto currency to your fiat currency like online bitcoin wallet if there is a website that adopted crypto currency in that country and it is an bitcoin wallet or whatever altcoin that it supports usually you can withdraw and convert digital assets through bank, remittance or other methods.
It is good but if you are not able to get what you want to have then it is good to convert your bitcoin to the other wallet the amount of the bitcoin is very important pot have and to invest in the other form of the money. The value of the bitcoin is increasing more and more. The price is high and the use will be easy now than before.HI guys,
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
It is really easy, there were local exchange that really support this kind of services, which I am lucky enough in my country, especially in bitcoin buying or investing. And as far as I know there is no limit on investing in one coin because they love many investors.
To cash the altcoin is only one way, first convert in btc and then convert that btc into local cash.
HI guys,
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
You can cash it out by transferring your Bitcoins to your bank accounts then withdraw them. When you withdraw, your bank of choice automatically converts it to your country's currency which rate is converted at the time of withdrawal. Please know that your Bitcoin's value varies real-time. That being said, it changes in value depending on the time you decide to transfer them on your bank.
HI guys,
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?
Thanks
Well this question shows that you are new to this forum and Cryptotrading. Yes it is really easy to cash out them, and it depends on your trading exchange where it transfer to your bank account within the given period, but before withdrawing to your bank account you need to convert into Fiat currency. Yes it is very easy to buy them, keep in mind that exchanges have their own limit, whereas your Native Local dealer or agent wont have limits as comparing to the Exchange. You can use Google to find out some local agent near you for buying and investing purposes or you can use localbitcoin .
Easy or hard Depend on your country lows if exchange allow you can Directly get cash other need middle coin
I've seen some coins on exchanges like Yobit where you can't even find a buy order when
it comes time to sell. The markets are sort of like penny stocks, where there isn't a lot of
liquidity. Check out some of the stinkers on Yobit, and you'll see a bunch of sell walls and
absolutely NO buy orders. So yeah, it's very difficult to cash out of some of them.
For bitcoin and the other big cryptos, the market is very liquid and you should have no
trouble selling them. Litecoin, ethereum, Dash, and others...there are a lot of buyers right now.
I'd try to stay away from ones that don't have a strong 'brand name'. If you trade on
exchanges like Kraken, where they don't have a lot of coins to begin with you should be safe
as well.
YoBit seems so grimey, how do people even make a profit on there it comes time to sell. The markets are sort of like penny stocks, where there isn't a lot of
liquidity. Check out some of the stinkers on Yobit, and you'll see a bunch of sell walls and
absolutely NO buy orders. So yeah, it's very difficult to cash out of some of them.
For bitcoin and the other big cryptos, the market is very liquid and you should have no
trouble selling them. Litecoin, ethereum, Dash, and others...there are a lot of buyers right now.
I'd try to stay away from ones that don't have a strong 'brand name'. If you trade on
exchanges like Kraken, where they don't have a lot of coins to begin with you should be safe
as well.
Luckily I have my own local exchanger that enable to me cash out whenever I want !
Of course after I've my verify my bank's account and my ID ! Although my government still not legalize bitcoin yet, we can still use it but with our own risk
Of course after I've my verify my bank's account and my ID ! Although my government still not legalize bitcoin yet, we can still use it but with our own risk
You don't need your government to enjoy bitcoin and there is no risk involved. You even told us that you are using your local exchanges so I'm assumed that your government is still lenient in terms of its used as long as you, the customer would submit the proper documentation for KYC/AML compliant. So I'm don't think there is a risk. A risk could be involved in bitcoin if you are using it to launder money or transacting illegally, like buying/selling prohibited drugs and other things that your government will deemed against the law. Other than that, you are safe converting your cash to your local currency. So don't be nervous about using your bitcoin. And yeah, you are extremely lucky about having your country a local exchanges that supports bitcoin.
Luckily I have my own local exchanger that enable to me cash out whenever I want !
Of course after I've my verify my bank's account and my ID ! Although my government still not legalize bitcoin yet, we can still use it but with our own risk
Yes in most of the are people have to take the risk, but i think that if they want to continue their business they do not prefer to scam but want to continue their business as smooth. If a person want to sell bitcoin and convert it in to local currency i think that if you want sell on market price then it will be done in a friction of time but if you want to sell on specific time then you have to fixed a selling point and wait for the time to sell your bitcoin on that price. Of course after I've my verify my bank's account and my ID ! Although my government still not legalize bitcoin yet, we can still use it but with our own risk
Luckily I have my own local exchanger that enable to me cash out whenever I want !
Of course after I've my verify my bank's account and my ID ! Although my government still not legalize bitcoin yet, we can still use it but with our own risk
Of course after I've my verify my bank's account and my ID ! Although my government still not legalize bitcoin yet, we can still use it but with our own risk
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