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Topic: Is This How You Short A Crypto Coin? (Read 250 times)

hero member
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"CoinPoker.com"
July 29, 2023, 11:56:50 AM
#37
for someone which has never traded it may seem impossible to sell something first before you buy it, but by borrowing first you can indeed sell something before you buy it, however going short is not something I would recommend on this market, as even if the profits can be attractive, especially with the use of leverage, if you happen to be wrong and a bullish movement starts then your account could be destroyed incredibly quickly.
How can we sell if we don't have anything to sell? So it does make sense to buy first but for a newbie, I think the first thing that they must do is not to buy but to study how things work. Borrowing isn't also the best solution to make a profit no matter how skillful we are. I know we are talking about shorting here but I already heard lots of negative feedback about it.

We still can try it if we badly want to but just make sure that we have the funds to cover our expenses later on and we can accept the tragic situation that we will be facing. High risk might equate to high profits but I think it's still possible to earn high even with a minimal risk involved.
legendary
Activity: 2030
Merit: 1643
Verified Bitcoin Hodler
July 28, 2023, 04:13:25 PM
#36
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?


The profits from both selling and shorting are the potential extra BTC you can gain if you buy at a lower price, compared to the current price.

If you sell Bitcoin, because you expect to buy back at a lower price in the future, you are leveraging the price of whatever it is for that you are selling your BTC. So if you leverage against USD, for example; You are "betting" that the Bitcoin price will fall, in relation to USD and therefore you can buy more BTC at a lower price at a later time. This is the same thing as if you were shorting BTC by 1x. With spot selling you do not have a liquidation number hanging over your head. If you trade derivatives instead, you can increase that leverage as you see fit and short BTC for 10x or even 100x. But the danger here is the liquidation price will is always closer than you imagine. Even if you only short 1.5x, the moment BTC hits the liquidation price, you lose everything. Of course you could try to escape liquidation but your losses will be finalized and multiplied by the same leverage level that you chose.

So best thing to do is keep away from derivatives and options until you have understood how things work. There are testnets that you can use to short and long test BTC... For exampl Deribit Testnet.
hero member
Activity: 1400
Merit: 911
July 28, 2023, 02:42:22 PM
#35
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?
From the question you just asked, then I can see that you don’t know much about trading, you are just following people providing the signal blindly which is very wrong.

The group which you joined that are producing the signal for you are into future trading and not spot, you can’t find how to short a coin if you are into spot trading, but if you are trading future, you can either long a coin if you think the price will pump, and you can decide to short a coin if you think a coins price is going to dump. But you should have it in mind that future trading is kind of risky most especially for newbies that are just joining the crypto space, so I will recommend you just stick to spot trading as a newbie, so that you can reduce your chances of losing money.

Also you have to be careful with the way you are following signal providers, I don’t see anything difficult in you learning how to trade yourself, people providing the signals learn it themselves, and most of them are always wrong, but if you learn it yourself, then you will have confidence when ever you are trading, because you will make sure your analysis are right.

I wonder how you can start margin trading or futures contracts when you do not have enough experience, it is better to advance in education and acquire the necessary skill for trading before starting real trading.
I was just surprise that the OP was just following signals without even know what it’s all about, if you want to be a professional trader, then you must be ready to learn, you think going for signals is just the best because you won’t stress yourself, but the OP should have it in mind that if you are not ready to read or learn, then you are not ready to be a trader, trading is not for the lazy once.

Margin trading is not easy and it is very risky. It is better to start learning with spot trading and gain the necessary experience before moving to margin trading.

Also, it is safe to try with a small capital in the beginning to learn.
As a beginner spot trading is the best to start with, but we all know some trader’s are always after money so they believe their is more profit in future trading because they will end up using high leverage, but the higher the leverage you are using, the higher your chances of losing money when trading futures incase if your trade goes against you, and the lower your leverage, the lower your chance’s of losing money incase if your trade goes against you. But most people just care about the profits and they don’t know they can easily lose money also.
sr. member
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Instant cryptocurrency exchange with own reserves!
July 28, 2023, 01:18:34 PM
#34
This is how it should be explained to begin with, so that newbies could understand it as well. When I first saw it, if I saw your explanation, I would have understood it better, but I stayed away from it because I never understood it.

To be fair, I am staying away even today because I understood what it means and that's why I am not getting into it, I would never go against bitcoin price, even if it means that I am going to lose money, I rather buy bitcoin than short it, that seems a lot better. Of course I could be wrong, sometimes it falls and sometimes people who short it make money, imagine all the ones who shorted all the way from 68k to 15k, they made some decent money for sure, I just do not want to be part of that.
You must have a solid reason for that, because my reasons is related to the Future trade which i avoid to do as it consists of Interest Factor even if the amount is near to zero but if i pay that my money is haram for me. I know many people will criticize me for that but i am a religious person.

And, on the other hand, currently, there is not opportunity for us to short BTC, because it is already testing its bottoms and when those who have not taken any entries yet will enter the market. Then we will see a huge boom in the price in upcoming days. So, my purpose was only to help OP understand what Short trade is? But i didn't intend to advice him to do Short or long trade. because that's not what i suggested.

Well, i agreed with your point too that we should not short BTC now, but people who are shorting it will still short it and will still make money out of it even in the current market situation too.
hero member
Activity: 2170
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Vave.com - Crypto Casino
July 28, 2023, 11:22:03 AM
#33
In spot trade,you can get profit from selling your bitcoin.But future trade is highly risky one,many of my friends had loss huge money in future trading.It’s essential one to look about the past profit and loss by the traders.So future is not highly recommended one for the beginners,they can use the bitcoin to inverse their money.Because the bitcoin will never make to lose your money,if you are ready to hold funds for longer period.Because in next halves bitcoin will reach maximum.
legendary
Activity: 1498
Merit: 974
Top Crypto Casino
July 28, 2023, 10:54:51 AM
#32
Whats the win rate of those free signals?, is this worth it to stay or just get gaslight with the people who think they know all the things in the market?
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?
In this part in futures trading you are predicting that the market price of the bitcoin goes down so it's equivalent to the Sell if you predict to goes up you will use the buy, but if you will do this in spot trading surely that you will lose all your money like a buying high and selling low the net profit is negative. Ideal to learn a basic fundamentals of the smart money concept and the technical analysis so you don't need to get dependent with other traders.
hero member
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Instant cryptocurrency exchange with own reserves!
July 28, 2023, 03:36:32 AM
#31

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?
Of course you lose money if you do it this way bud, lol.
Making money from trading crypto is the other way around, that is , if you believe the price of the coin will go up, you wait find a good price when its down and buy in, then wait for the price to go up and then sell, when you buy when the price is low and sell at a higher price, that is how you make profit, but if you buy at a particular price and end up selling it at a price that is lower than the price you bought, you lose money.
Some people don't study the rudiments of Trading before they venture into trading, in normal circumstances if you want to make a profit in trading you most target when the price is downgrading, and make purchase and expecting to make a profit when the price happens to rise, in trading it's all about rising and falling that determine profit making and loss making also, so you have to take precautions and know the basics things of trading before investing, while some of us today runs into losse is as result of not acquiring the knowledge of trading and also not be acquainted with the rules and regulations of trading, so for we to trade out profit instead of losing our capital in trading, we need to advocate time and learn the primary things of trading.
legendary
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Leading Crypto Sports Betting & Casino Platform
July 28, 2023, 02:37:04 AM
#30

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?
Of course you lose money if you do it this way bud, lol.
Making money from trading crypto is the other way around, that is , if you believe the price of the coin will go up, you wait find a good price when its down and buy in, then wait for the price to go up and then sell, when you buy when the price is low and sell at a higher price, that is how you make profit, but if you buy at a particular price and end up selling it at a price that is lower than the price you bought, you lose money.

Simplest way to understand this is, if you have any experience of how businesses work in the real world, like you buy a bottle of wine at a wholesale price, then sale it at a retail price, that is exactly how trading works as well , you buy low, you sell high, buy low, sell high.
I believe this is understandable.
legendary
Activity: 2086
Merit: 1058
July 28, 2023, 12:46:00 AM
#29

This is the correct explanation, for someone which has never traded it may seem impossible to sell something first before you buy it, but by borrowing first you can indeed sell something before you buy it, however going short is not something I would recommend on this market, as even if the profits can be attractive, especially with the use of leverage, if you happen to be wrong and a bullish movement starts then your account could be destroyed incredibly quickly.
Thanks for appreciation dear, and i can't agree more that currently taking short entries is not advice-able. But maybe for those who are day traders because in short time candles, market is giving some opportunities to take short entries. But obviously in the long run we should not take short one.

The fear of proving wrong and correct will always be there, even if you (not specifically you, used as metaphor) are a pro trader or a noob like me, So, risk management will helps us out there.
This is how it should be explained to begin with, so that newbies could understand it as well. When I first saw it, if I saw your explanation, I would have understood it better, but I stayed away from it because I never understood it.

To be fair, I am staying away even today because I understood what it means and that's why I am not getting into it, I would never go against bitcoin price, even if it means that I am going to lose money, I rather buy bitcoin than short it, that seems a lot better. Of course I could be wrong, sometimes it falls and sometimes people who short it make money, imagine all the ones who shorted all the way from 68k to 15k, they made some decent money for sure, I just do not want to be part of that.
sr. member
Activity: 2310
Merit: 332
July 27, 2023, 01:28:33 PM
#28

I would recommend on this market, as even if the profits can be attractive, especially with the use of leverage, if you happen to be wrong and a bullish movement starts then your account could be destroyed incredibly quickly.

The best way to trade without panic of losing all your capital is to trade by applying stop loss, if you don't use it then you have all reason to fear, panic or feel anxiety. Stop loss is advised by professional traders, they suggest that stop loss is better used than tp because with tp you can maximize your profit if the order goes your direction but it is stoploss that will guide your losses from taking you out from the market. Therefore, a wrong market that is triggered by stop loss is still safe because you have the opportunity for another trade instead of losing all at once.
hero member
Activity: 2842
Merit: 625
July 27, 2023, 01:11:38 PM
#27
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 only sell when you're at profit.

That's the simplest way of understanding on how you're going to make money. But I don't think that this is all about the logic and process of buying and selling.

I'm more inclined that you're just voicing and advertising this group which is likely a pump and dump group.
legendary
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#SWGT CERTIK Audited
July 27, 2023, 12:33:25 PM
#26
I wonder how you can start margin trading or futures contracts when you do not have enough experience, it is better to advance in education and acquire the necessary skill for trading before starting real trading.

Margin trading is not easy and it is very risky. It is better to start learning with spot trading and gain the necessary experience before moving to margin trading.

Also, it is safe to try with a small capital in the beginning to learn.
legendary
Activity: 2520
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Rollbit.com | Crypto Futures
July 27, 2023, 11:09:59 AM
#25
-snip-
The fear of proving wrong and correct will always be there, even if you (not specifically you, used as metaphor) are a pro trader or a noob like me, So, risk management will helps us out there.
When fear is stronger than anything else, nothing can save the trade taken, It will only give a technical loss.
Professional traders or beginners really need to have the courage to take action, make sure everything is set according to the strategy, and follow the strategy.

I also made a strategy but in the end, the strategy was not used because it was controlled by fear when the market suddenly crashed.
Doing risk management, and financial management will provide a strong foundation when trading.
So that way you will not easily waver to maintain the initial strategy or backup strategy.
sr. member
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Instant cryptocurrency exchange with own reserves!
July 27, 2023, 09:19:51 AM
#24

This is the correct explanation, for someone which has never traded it may seem impossible to sell something first before you buy it, but by borrowing first you can indeed sell something before you buy it, however going short is not something I would recommend on this market, as even if the profits can be attractive, especially with the use of leverage, if you happen to be wrong and a bullish movement starts then your account could be destroyed incredibly quickly.
Thanks for appreciation dear, and i can't agree more that currently taking short entries is not advice-able. But maybe for those who are day traders because in short time candles, market is giving some opportunities to take short entries. But obviously in the long run we should not take short one.

The fear of proving wrong and correct will always be there, even if you (not specifically you, used as metaphor) are a pro trader or a noob like me, So, risk management will helps us out there.
legendary
Activity: 2534
Merit: 1338
July 27, 2023, 05:07:36 AM
#23
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.
This is the correct explanation, for someone which has never traded it may seem impossible to sell something first before you buy it, but by borrowing first you can indeed sell something before you buy it, however going short is not something I would recommend on this market, as even if the profits can be attractive, especially with the use of leverage, if you happen to be wrong and a bullish movement starts then your account could be destroyed incredibly quickly.
sr. member
Activity: 616
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July 26, 2023, 12:49:19 AM
#22
~Snip
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.
Why should you be confused, because to make a profit, it's clear that you definitely have to sell the crypto assets that you have. Even if you buy a crypto asset, like bitcoin or ETH, and then the crypto coin experiences a price increase. But when the price increases, you don't sell it, meaning you can say, you haven't got a real profit, but only get a profit in terms of market value. So basically, don't get too confused about how to profit from put options. Because of the put option, crypto investors usually use it to sell their assets when the market price has increased.

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 that, it's clear you will lose your money. Because logically and what is learned in trading and investing in bitcoin or all cryptocurrencies, basically you have to buy crypto assets at low prices, and you have to sell them at prices that are rising.
That way you can benefit. But if you buy crypto like bitcoin, and you sell it when it goes down. So it's clear you will definitely experience losses.
sr. member
Activity: 1008
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July 25, 2023, 03:18:41 PM
#21
Sell can make you profit both in spot trade and future trade. Let's talk about spot trade. When you analyze that the price will go down, you can sell instantly or set a selling order at which price point you want to sell your coins at. Then you will have a stable asset that you can later use to buy again. This time the amount of the coin will increase but the value will stay the same. Later when the price will go up again, you can again sell at a higher price and wait for next price dump. This is how you make profit in spot trades.

In future trades, it's a bit different. You choose your leverage and set a prediction whether the price will go up or down. If up, then you will have to use BUY. If down, you will have to use sell. If your predictions are right, you will make profit based on your leverage. This is how you make profit from selling. Which is also known as shorting.
copper member
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Try Gunbot for a month go to -> https://gunbot.ph
July 25, 2023, 11:14:08 AM
#20
What the heck is Learn2Trade? Is it this one?

https://learn2.trade

Upon reading the site, I d see that they provide signals with different markets and empower traders by subscribing to them.

Anyway, you can make money when you sell when it's going down because you pay the difference from when you bought it. You are borrowing the asset/investment, then selling it at market price. Then you buy that same amount of asset at a lower price. So the difference between that would be the profit. You return that asset where you borrowed it. Or on the exchange.
sr. member
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July 25, 2023, 11:06:27 AM
#19

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?

What you are talking about is futures trading. If you want to profit while bitcoin is to drop, what you have to do is to sell and not to buy. By this selling if the price begins to drop, you begin to make profit from where you have entered. Futures allow you to make profit from long or short, that is buy or sell position are possible for profit if you enter at the right time.
hero member
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[Nope]No hype delivers more than hope
July 24, 2023, 10:53:20 PM
#18
-snip-
Don't I lose money?
It depends on which market you are trading. Let's simplify the explanation of some folks above.

- "Buy" and "Sell" are only available in the spot market.
To make a profit, the only condition is that you buy low and then sell high.

-"Long" and "Short" are only available in the futures market.
This goes both ways to take profit. You open a "long" position, then you should close the position at a higher price. Conversely, you open a "Short" position, then you should close the position at a lower price.
legendary
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July 24, 2023, 07:02:23 PM
#17
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.
legendary
Activity: 3108
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July 24, 2023, 04:42:15 PM
#16
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.
hero member
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July 24, 2023, 01:12:09 PM
#15
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.
sr. member
Activity: 1190
Merit: 296
July 24, 2023, 09:19:04 AM
#14
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.
legendary
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FOCUS
July 24, 2023, 08:58:07 AM
#13
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.
sr. member
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Vave.com - Crypto Casino
July 24, 2023, 08:30:21 AM
#12
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.
hero member
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July 24, 2023, 07:41:51 AM
#11
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.
sr. member
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July 24, 2023, 05:03:54 AM
#10
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.
sr. member
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SOL.BIOKRIPT.COM
July 24, 2023, 04:28:49 AM
#9
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.
hero member
Activity: 1470
Merit: 711
Instant cryptocurrency exchange with own reserves!
July 24, 2023, 03:08:30 AM
#8
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.
hero member
Activity: 826
Merit: 583
July 24, 2023, 02:25:23 AM
#7
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.
legendary
Activity: 1414
Merit: 1118
...gambling responsibly. Do not be addicted.
July 24, 2023, 02:14:05 AM
#6
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.
sr. member
Activity: 1232
Merit: 475
Instant cryptocurrency exchange with own reserves!
July 24, 2023, 01:56:42 AM
#5
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.
sr. member
Activity: 658
Merit: 354
I stand with Ukraine!
July 24, 2023, 01:23:20 AM
#4
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: 2786
Merit: 3845
Paldo.io 🤖
July 24, 2023, 01:13:23 AM
#3
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.
legendary
Activity: 3738
Merit: 1708
CoinPoker.com
July 23, 2023, 11:54:55 PM
#2
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.
newbie
Activity: 21
Merit: 0
July 23, 2023, 11:15:53 PM
#1
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?
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