Is This How You Short A Crypto Coin? - page 2.

sheenshane

legendary

Activity: 2534

Merit: 1233

Quote from: CupCakeHugs007 on July 23, 2023, 10:15:53 PM

But I don't understand how you make money on SELL.

For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to ~~go down~~ to go up and then SELL.
Don't I lose money?

That's how you will work buy when the price is low and sell when the price is high.
Fixing the above for you.

I think you need to search what is DCA way of buying Bitcoin.
But this isn't a quick scheme you need to wait a perfect time to sell because the DCA method is designed for long-term investment purposes. It allows you to participate in the potential growth of Bitcoin while avoiding the impact of short-term price fluctuations.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: CupCakeHugs007 on July 23, 2023, 10:15:53 PM

1. I joined Learn2Trade, where they provide 5 suggestions per day, on whether to BUY or SELL.
2. I understand how to BUY and wait for the price to go up.
But I don't understand how you make money on SELL.

For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL.
Don't I lose money?

Depends on what you are dealing with and we know that trading could really be either;
SPOT or FUTURES

If we do speak about spot, then it would really be just that normal that you would really be needing to buy low and sell high for you to make profits on which it would be simply having that
kind of acts on buying when the price is low and selling when the price moves up which it is really the basic principle.

If we do speak about futures, then it would be pertaining on the position that you are really chose whether SHORT OR LONG. If you have assumed that the price of Bitcoin or whatever
coins that we do have in the market would be going down and then you do position yourself SHORT and on the time it dumps then you are making money with that
or profits and on the time that you do find yourself that contented with those profits then you could anytime close that position but take note, futures
trading is very that risky and better stay away or not mind on engaging if you are still noob in this industry.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: samcrypto on July 24, 2023, 07:30:21 AM

Quote from: CupCakeHugs007 on July 23, 2023, 10:15:53 PM

For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL.
Don't I lose money?

You'll lose the money if buy during the corrections but if you will wait for the bottom then that's a possible profit.
I don't know why many wants to join any signal group instead of learning the market on their own, are you thinking about an easy money here?
Ask for the timing as well because that's a different suggestion, if they can't provide this learn on your own, I'm telling you this is more worth it.

In spot trading, he will lose if he buys during a correction. But he is talking about future trading where he starts to enter or press the SELL button during the correction period, like in the image below. After that, he had to wait until the price touched his desired bottom.

It is just an example.

Those who join the signal group expect to get profit without having to analyze market conditions. They wait for the signals to be shared in telegram groups they know and then execute them. But as for the truth of those signals, they just don't know because they just follow the signals.

This is very risky, especially if it is a futures trade. No one can guarantee that the market can move according to that signal. That is why we must learn more about analyzing the market to trade to the best of our ability.

Litzki1990

sr. member

Activity: 1386

Merit: 406

You may be talking about futures trading. In the case of futures trading, you can make profit by trading in two ways, one is you have to do long trading and the other is you have to do shot trading. Long threading means if you buy a coin and if the price of that coin increases, you will get profit according to the increase and short trading is if you buy a coin and if the price of that coin is decreasing then you will get profit from it according to the decrease of certain amount. If you are talking about futures trading and if you are new to trading then you should do spot trading first because futures trading is more risky than spot trading.

abel1337

legendary

Activity: 2492

Merit: 1145

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: CupCakeHugs007 on July 23, 2023, 10:15:53 PM

1. I joined Learn2Trade, where they provide 5 suggestions per day, on whether to BUY or SELL.
2. I understand how to BUY and wait for the price to go up.
But I don't understand how you make money on SELL.

For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL.
Don't I lose money?

You'll basically lose your money if you do what you refer as an example. You're selling on a loss since you sell when bitcoin goes down. I think the short you are pertaining is on futures trading where you borrow some money and short some cryptocurrency that has a potential to go down and that's the time where you can earn some profit. Spot trading and futures trading is different. Also be careful on trusting these kind of groups since some of them are just trying to manipulate their members into buying and selling so that they can earn in their own gain. They particularly try to pump and dump small altcoins but if it's bitcoin that has a large market capitalization, maybe they are legit in providing help to newbies. Try to back check their past predictions.

samcrypto

sr. member

Activity: 2044

Merit: 314

Vave.com - Crypto Casino

Quote from: CupCakeHugs007 on July 23, 2023, 10:15:53 PM

For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL.
Don't I lose money?

You'll lose the money if buy during the corrections but if you will wait for the bottom then that's a possible profit.
I don't know why many wants to join any signal group instead of learning the market on their own, are you thinking about an easy money here?
Ask for the timing as well because that's a different suggestion, if they can't provide this learn on your own, I'm telling you this is more worth it.

GeorgeJohn

hero member

Activity: 1666

Merit: 723

Enjoy 500% bonus + 70 FS

Quote from: knowngunman on July 24, 2023, 04:03:54 AM

Quote from: CupCakeHugs007 on July 23, 2023, 10:15:53 PM

For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL.
Don't I lose money?

When you believe a particular coin price will go down; you don't buy again, you short the trade which we refer to as sell. It's definitely not for everyone because of it high risk. It looks good in theory but a very dangerous strategy because once you short your trade and the market price start appreciating, is your money that is gradually liquidating as the price increases.

Some who is a trader knows what to do at any given point of time, but someone is a novice in trading doesn't know what to do at any point of time, I know very well that trading that trading is a skill someone who is interested or desperate in trading have to learn and understand the basis before joining, as I stipulate in my first response here, anyone who want to trade and always try to be in positive side of the market have to know when to enter market and when to quit from the Market, and one of the tools that will help to know the preferable time to be in the market is when you have understand the system by learning the chart and understanding the movement of candles sticks in chart, when you are able to understand this primary thing in trading I think you don't need to be fare of when to be in the market and when to leave the market.

knowngunman

sr. member

Activity: 826

Merit: 372

Quote from: CupCakeHugs007 on July 23, 2023, 10:15:53 PM

For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL.
Don't I lose money?

When you believe a particular coin price will go down; you don't buy again, you short the trade which we refer to as sell. It's definitely not for everyone because of it high risk. It looks good in theory but a very dangerous strategy because once you short your trade and the market price start appreciating, is your money that is gradually liquidating as the price increases.

I think you should first of all learn about the basics of trading before even thinking of joining a signal group. I'm afraid you're likely to loose your money since you can not even tell or understand how buy and sell works in trading. Don't forget to switch your account to future trading before you begin else you might lose your money if you are on spot trading. It's important to be aware of the risks involved in trading before you attempt to get into it. Knowledge first, then practice follows.

jeraldskie11

sr. member

Activity: 1316

Merit: 356

Quote from: CupCakeHugs007 on July 23, 2023, 10:15:53 PM

1. I joined Learn2Trade, where they provide 5 suggestions per day, on whether to BUY or SELL.
2. I understand how to BUY and wait for the price to go up.
But I don't understand how you make money on SELL.

For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL.
Don't I lose money?

You can only do it if you're with futures trading where you can be profitable when the market is down trend. You can't do it in spot because if you do you will lose your money only if you sell it below your buying price. However, if you're going to trade with futures, have enough knowledge but still a newbie, I recommend to use a small leverage only. And please bear in mind to use Isolated mode instead of cross margin mode to safeguard your remaining funds if ever the price drastically going down and forgot to put a stop loss.

GeorgeJohn

hero member

Activity: 1666

Merit: 723

Enjoy 500% bonus + 70 FS

Quote from: CupCakeHugs007 on July 23, 2023, 10:15:53 PM

1. I joined Learn2Trade, where they provide 5 suggestions per day, on whether to BUY or SELL.
2. I understand how to BUY and wait for the price to go up.
But I don't understand how you make money on SELL.

For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL.
Don't I lose money?

I will encourage you to learn how trade in bitcoin manually that will give you a better understanding for having a comprehensive understanding of trading in bitcoin or any other cryptocurrencies, basically a group were you achieve or get the understanding of bitcoin can be in group but I'm not like joining a group because they might be deceived you, so in nutshell bitcoin buying and selling have to be on a target so that you can as well make a profit during process, and the only thing that may make you to exactly when you will make a profit in Bitcoin is when you have understood the basic concepts of chart, with bitcoin graph chart it will you know when the market is of negative and when the market is of positive, so buying and selling of bitcoin from a investors is dependent on the ability of the investor to interpret a chart of bitcoin, so therefore any investor or trader should be able to know exactly when due to invest or sell it bitcoin in order make a profit.

Pandu Geddon

hero member

Activity: 826

Merit: 583

Quote from: CupCakeHugs007 on July 23, 2023, 10:15:53 PM

1. I joined Learn2Trade, where they provide 5 suggestions per day, on whether to BUY or SELL.
2. I understand how to BUY and wait for the price to go up.
But I don't understand how you make money on SELL.

For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL.
Don't I lose money?

I believe they give you futures trading signals. if you are in spot trading, then the way you trade of course is your loss.
you better focus first on your spot trading. learn more about trading. Don't focus too much on trading signals that someone gives or even those channels on Telegram asking you for money as a member.
it may be difficult to start, but you can do it gradually. buy when the price goes down, hold, and sell when it goes up. don't think too much about market conditions that can affect your psychology to panic.
I wish you a pleasant experience in your trading.

Oshosondy

legendary

Activity: 1652

Merit: 1208

Gamble responsibly

Quote from: CupCakeHugs007 on July 23, 2023, 10:15:53 PM

1. I joined Learn2Trade, where they provide 5 suggestions per day, on whether to BUY or SELL.
2. I understand how to BUY and wait for the price to go up.
But I don't understand how you make money on SELL.

For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL.
Don't I lose money?

First, I will say you should be careful about signal groups, they can be as inaccurate as humans too. The best that you can do is to learn how to trade even if you will use crypto signals. Know what they you are doing.

Another thing is that you should avoid paid signals, they are scam.

You have only been buying bitcoin using the spot market and sell to buy a stable coin like USDT or USDC or fiat after you make profit or loss. If you want to be able to learn how to use sell/short to gain, you will learn about future trading.

Future trading are derivative trading and very different from spot trading. It makes use of different market and you will be able to leverage which makes it riskier unless you are very determined not to go more than 1x to make it be like spot market. If you use it to trade altcoins, going short can still lead to liquidation as you know altcoins are very volatile and they can increase 2x very fast.

Go to exchange like Bybit or Binance after you read about future trading. The exchange have trading guides for future trading too. I have forgotten of Bybit, but I know Binance also has videos that you can watch about it.

Faisal2202

hero member

Activity: 1428

Merit: 513

Payment Gateway Allows Recurring Payments

Well, few members has already answered your query but here is my explanation but with example. Definition says, You borrow BTC or any coin on which you are shorting (taking short trade which mostly a future trade). From someone like let's say from a broker. It maybe a exchange too you are using. Let's say you are doing short trade on Binance and borrowed 1 BTC and sold it at the current market price of around $29800 and let's say market wis going down to around $25000 maybe. And at that price you bought the 1 BTC again and gave it back to your lender and now you have left with 4,800$ profit.

I hope this example might make sense to you. I know you might think i am not buying it again at the price of $25,000 but it's what happened when you close the trade. The smart contract is buying that 1 BTC with the amount of $25k and leaving $4,800 dollars in your account as profit.

Dear op, if you could share your experience with this VIP signal selling group then it will be highly appreciated as i am interesting in knowing what results these groups could bring on your table. Because obviously they will charge you for joining them but what's their winning ratio.

dzungmobile

sr. member

Activity: 854

Merit: 424

Playbet.io - Crypto Casino and Sportsbook

Quote from: CupCakeHugs007 on July 23, 2023, 10:15:53 PM

2. I understand how to BUY and wait for the price to go up.

Buy and wait for price to go up is good but if you are in trading, you must know when is a maximum time you can wait before you must exit your trading position. Because if you wait too long, market will come to a point which has very big change that can be up or down in a blast off or a weak down.

Quote

But I don't understand how you make money on SELL.

Buy low, sell higher, it is how you make money with buying and selling, in spot trading.

Quote

For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL.
Don't I lose money?

If you do this with Spot trading, you will lose money because you buy high and sell lower.

If you do this with leverage trading (Margin), you will have profit because you use your bitcoin as collateral for your leverage trading, when you sell, you sell that position with leverage, not directly sell your collateral bitcoin.
However with Leverage trading, risk is much bigger than with spot trading. I don't recommend you to do Leverage trading.

mk4

legendary

Activity: 2870

Merit: 3873

📟 t3rminal.xyz

Quote from: CupCakeHugs007 on July 23, 2023, 10:15:53 PM

For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL.
Don't I lose money?

If you're shorting, you don't need to own the bitcoin to be able to "sell". Depending on what the exchange's UI is(it can vary), just use the "short" button. Maybe you're on the "spot trading" category hence you don't see a "short" button.

adaseb

legendary

Activity: 3808

Merit: 1723

No that doesn’t make sense. If you think Bitcoin will go down you don’t buy it. You will lose money.

The way it works is you borrow someone’s Bitcoin with a margin account and sell it. Then when it goes down you close the trade and pay back those bitcoins and you keep the difference as profit.

You can also trade futures which are essentially contracts which let you short Bitcoin with leverage. However be careful with this as it’s easy to get liquidated due to leverage on volatile crypto assets.

CupCakeHugs007

newbie

Activity: 21

Merit: 0

1. I joined Learn2Trade, where they provide 5 suggestions per day, on whether to BUY or SELL.
2. I understand how to BUY and wait for the price to go up.
But I don't understand how you make money on SELL.

For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL.
Don't I lose money?

Topic: Is This How You Short A Crypto Coin? - page 2. (Read 260 times)