Sell high, i get it but how? - page 5.

WalkerIVIV

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Cryptocasino.com

Quote from: rafter_01 on April 29, 2018, 04:47:17 AM

Hi All,

All the Crypto experts are always banging on about selling high, which is in most cases is correct, but i don't really get how someone can lock in the profits.

If i sell, do i convert the coin back to BTC for profit? How does someone make profit because most of the time when coins dump so does BTC! so how does someone secure profits?

What do you peeps do? I'm slightly confused.

Thanks

The kay is about to become patience dude. you don't need to convert your amount to the bitcoin and the only thing you must do if you have sold your token at peak and then be patience by put lower order and remember it needs some analyzation. I've sold CRPT when it was reached its peak and then i buy again when the price gets rekt and i have doubled my amount. If the problem is about when? and you should learn more how to read the pattern.

infested

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Quote from: rafter_01 on April 29, 2018, 04:47:17 AM

Hi All,

All the Crypto experts are always banging on about selling high, which is in most cases is correct, but i don't really get how someone can lock in the profits.

If i sell, do i convert the coin back to BTC for profit? How does someone make profit because most of the time when coins dump so does BTC! so how does someone secure profits?

What do you peeps do? I'm slightly confused.

Thanks

When your alts rise sell them directly for FIAT if you your exchange allows it or sell them for BTC and instantly sell BTC for FIAT afterwards.

Other people sell alts for USDT (Tether) but i would avoid that since its almost certain its a scam coin.

After the market dips use again your FIAT to buy alts at the new lower prices.

traderethereum

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Vave.com - Crypto Casino

Quote from: rafter_01 on April 29, 2018, 04:47:17 AM

Hi All,

All the Crypto experts are always banging on about selling high, which is in most cases is correct, but i don't really get how someone can lock in the profits.

If i sell, do i convert the coin back to BTC for profit? How does someone make profit because most of the time when coins dump so does BTC! so how does someone secure profits?

What do you peeps do? I'm slightly confused.

Thanks

maybe I can give some example. you want to buy doge at 60 satoshi with 0.01 btc. and you get 16666.66666666 dogecoin. and if the price of dogecoin increase at 80 satoshi and you want to sell all of your dogecoin, then it will be 16666.66666666 x 80 satoshi = 0.01333333 btc. so there are a different from what you spend to buy dogecoin and it will be 0.00333333 btc and that is your profit. you can keep your profit or you can use to buy another coin. and if coins get dumps then it will get pump again in someday and even if at that time we are getting lose our value, we can recover when the price increase back.

Casmania

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Quote from: vlad230 on April 29, 2018, 05:13:06 AM

I think the best thing to do is to read a lot of news related to crypto and check the roadmap for your coins. This will get you an idea on where the price will go and you can define your selling/buying points.

Quote from: Daddyj2 on April 29, 2018, 04:59:03 AM

1st you could trade thru USDT as USDT don't much change in value even if BTC price decreases. I see a lot of people doing this kind of trades but there are only few alts that you can pair with USDT so you need BTC/LTC/ETH/DOGE to trade other Alts.

2nd if you will use other coin to trade other than USDT like BTC as most of the people. You don't count what te value of your holdings by USD you will count it as satoshi. If you trade thru BTC the goal is to increase tour satoshi not the USD value.

I think you will always have to trade through BTC or ETH since USDT is not available for all coins and it's not really relevant to track the USD price for your portfolio. You should always set your selling/buying points in btc or eth.

Yes, I agree that when you buy coins either BTC or ETH, you must see too it that you should buy during bear market and sell it during the bull market where this is usually done by the experts on crypto currency market.

saganpav

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Activity: 140

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SPOKKZ

I think you will be able to record your profit in dollars if you trade the BTC to a dollar. This is the best way to protect your assets from the big fluctuations of BTC. But unfortunately, not all coins are traded in the BTC / USD pair.

rafter_01

full member

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I have ADA and it has its pairing with USDT. I think a dump is due so I have sold some ADA and waiting to buy more ADA on the cheap.

Thanks

christian07

full member

Activity: 265

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We can earn only if the coins that you have go high like 20% or more and that's recommended to sell because you already can earn by that then after that wait again if the coins you have go down then invest again so you need to predict the price and you can earn only by that like if btc go high,Better to not sell always in low like you coins go low like save it until it gone or you earn already,That's only the way to earn in trading so don't confused then always think positive

vlad230

sr. member

Activity: 616

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I think the best thing to do is to read a lot of news related to crypto and check the roadmap for your coins. This will get you an idea on where the price will go and you can define your selling/buying points.

Quote from: Daddyj2 on April 29, 2018, 04:59:03 AM

1st you could trade thru USDT as USDT don't much change in value even if BTC price decreases. I see a lot of people doing this kind of trades but there are only few alts that you can pair with USDT so you need BTC/LTC/ETH/DOGE to trade other Alts.

2nd if you will use other coin to trade other than USDT like BTC as most of the people. You don't count what te value of your holdings by USD you will count it as satoshi. If you trade thru BTC the goal is to increase tour satoshi not the USD value.

I think you will always have to trade through BTC or ETH since USDT is not available for all coins and it's not really relevant to track the USD price for your portfolio. You should always set your selling/buying points in btc or eth.

Jimmy palumbo

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The Experience Layer of the Decentralized Internet

Most of the time you have to remember that when people are crazy, you should consider selling.
And when people start to hesitate,you should consider buying.

Daddyj2

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Activity: 532

Merit: 1

1st you could trade thru USDT as USDT don't much change in value even if BTC price decreases. I see a lot of people doing this kind of trades but there are only few alts that you can pair with USDT so you need BTC/LTC/ETH/DOGE to trade other Alts.

2nd if you will use other coin to trade other than USDT like BTC as most of the people. You don't count what te value of your holdings by USD you will count it as satoshi. If you trade thru BTC the goal is to increase tour satoshi not the USD value.

rosered

jr. member

Activity: 124

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I didn't look at it. I saw it above board. Set an ideal goal for yourself and sell it. Grin

rafter_01

full member

Activity: 336

Merit: 100

Hi All,

All the Crypto experts are always banging on about selling high, which is in most cases is correct, but i don't really get how someone can lock in the profits.

If i sell, do i convert the coin back to BTC for profit? How does someone make profit because most of the time when coins dump so does BTC! so how does someone secure profits?

What do you peeps do? I'm slightly confused.

Thanks

Topic: Sell high, i get it but how? - page 5. (Read 582 times)