Swap crypto or sell first then buy? | Bitcointalksearch.org

Wakate

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Quote from: JamesDaniel90 on May 16, 2024, 04:51:35 PM

Hi,

I have a few altcoins that are doing pretty well and want to take profits soon to then reinvest into other altcoins that haven’t pumped yet and I am wondering if it is best to swap directly or sell my altcoin that is doing well into USDT and then buy the new altcoin I want with the USDT?

I use Coinbase mainly so wondering which way is best to do it or is there not really much difference?

The price of Bitcoin has been moving up and down affecting the price of altcoins making it to fluctuate. It will be advisable for you to follow the trend wisely especially if you don't have concrete knowledge about the market. You can decide to sell or convert your coin to stable coin so that the market volatility will not affect your holdings. This is what many investors have been doing since the bull trend commenced. Converting your coin to stable coins will safe you the stress of waiting for the price to fall and recover again before yiu continue counting your profits. If you are using an exchange the process will be quite easy for you.

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Quote from: hamba laeh on September 12, 2024, 09:29:34 AM

Basically everyone invests to make a profit. However, if you have made a profit from the altcoin that you currently have, it is better for you to exchange it and then buy another altcoin that has the potential to increase in the future so that you can get twice the profit.This is just my suggestion but the decision is in your own hands

It seems like the right solution to apply, by choosing an altcoin that has the potential to rise in this way we can buy directly without waiting long, but keep in mind that it takes time to analyze and examine it carefully in order to get the benefits we want.

ekotyo24

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If your goal is to maximize profits and minimize risks, using USDT as an intermediate step may be a wiser choice, as is Liquidity and Flexibility and Reducing Price Risk. However, you also need to consider the transaction costs that may arise from converting to USDT and then to a new altcoin, as well as potential price movements during this process. If transaction costs are too high or the market is too volatile, you may need to reevaluate your strategy.

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If you are doing it in an instance, swap would be cheaper. Conversion of coin to stable coin and back to another coin takes fees in two steps while a swap may come expensive than a single step is most likely cheaper than two steps. But if you are to play with different price selling your coins at upward trend, holding stable coin for buying at lower price for another coin, you could make a profit out of the conversion as well.

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Quote from: JamesDaniel90 on May 16, 2024, 04:51:35 PM

Hi,

I have a few altcoins that are doing pretty well and want to take profits soon to then reinvest into other altcoins that haven’t pumped yet and I am wondering if it is best to swap directly or sell my altcoin that is doing well into USDT and then buy the new altcoin I want with the USDT?

I use Coinbase mainly so wondering which way is best to do it or is there not really much difference?

Basically everyone invests to make a profit. However, if you have made a profit from the altcoin that you currently have, it is better for you to exchange it and then buy another altcoin that has the potential to increase in the future so that you can get twice the profit.This is just my suggestion but the decision is in your own hands

betswift

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If I were you, I would swap some coins directly for the alts that have the possibility to grow in some time (doing the research beforehand, of course), and selling all the others into the USDT to gain the profit and have them just in case you will something promising. That way, you will ensure the gains from the coin which now doing pretty well, as well as having little resources invested into the new ones.

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Quote from: mbakruroh on June 17, 2024, 01:33:02 PM

Quote from: JamesDaniel90 on May 16, 2024, 04:51:35 PM

Hi,

I have a few altcoins that are doing pretty well and want to take profits soon to then reinvest into other altcoins that haven’t pumped yet and I am wondering if it is best to swap directly or sell my altcoin that is doing well into USDT and then buy the new altcoin I want with the USDT?

I use Coinbase mainly so wondering which way is best to do it or is there not really much difference?

You must be able to ensure first that your next choice is the best choice. Because selling a coin that is performing well, then buying a coin with a low level of popularity, will lead to disappointment. Coins with high levels of price fluctuation can certainly easily generate profits.

If you have got a coin that is performing well, I think if you want to take profit then it would be better if you took some of the profit, but if you are sure about the performance of the token then it is better for you to keep some of it. So you won't miss the opportunity if it turns out that the token rises again at a higher price. But you have to understand the risk that there is a possibility that an altcoin that you think is good will actually have bad performance in the future. If that's the case then taking all the profits is the best choice.

mbakruroh

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Quote from: JamesDaniel90 on May 16, 2024, 04:51:35 PM

Hi,

I have a few altcoins that are doing pretty well and want to take profits soon to then reinvest into other altcoins that haven’t pumped yet and I am wondering if it is best to swap directly or sell my altcoin that is doing well into USDT and then buy the new altcoin I want with the USDT?

I use Coinbase mainly so wondering which way is best to do it or is there not really much difference?

You must be able to ensure first that your next choice is the best choice. Because selling a coin that is performing well, then buying a coin with a low level of popularity, will lead to disappointment. Coins with high levels of price fluctuation can certainly easily generate profits.

abel1337

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Quote from: JamesDaniel90 on May 16, 2024, 04:51:35 PM

Hi,

I have a few altcoins that are doing pretty well and want to take profits soon to then reinvest into other altcoins that haven’t pumped yet and I am wondering if it is best to swap directly or sell my altcoin that is doing well into USDT and then buy the new altcoin I want with the USDT?

I use Coinbase mainly so wondering which way is best to do it or is there not really much difference?

If I'm on the situation, I would probably swap it out if the altcoin that I want has a pair with the altcoin that I need and if it has a sufficient liquidity that the price impact on swapping is not that large. I would check out and compute the loss in swapping, if I can take it, I will just swap it because it is less hassle and straight forward method. Though if you want to maximize your profit, trading it to stable coin would be the way and of course you can choose to buy any altcoin on the market with the stable coin you have since most of the good altcoin has a stable coin pair.

bastian466

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Do it first which means take the profit first, sell it to USDT, then start the next step by researching other potential altcoins, don't waste your profit, that's my advice. and be careful with new altcoins, don't be lulled by offers, we must be alert, we must understand the framework of the building they are building, must be in line with the journey map that has been laid out

Rasa nanas

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swap or exchange USDT first? choose the one that costs the smallest transaction fees. but in my opinion the problem here is when you want to exchange an altcoin that is performing well with another altcoin that is not necessarily performing well either. You have to be careful careful because most altcoins are not worth investing in long term and if you make a mistake in investing you will lose the profits you previously made.

betswift

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The question is if it's on the exchange, so you will pay fees twice. If it's on the wallet, you need to bridge stable if the assets are on various chains. So, it depends on the exact situation!

gurunanakji777

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It's your choice. Do what you think is best. However, if you have coins you want to sell and there's an option to swap them directly for the coins you want to buy, that would be the best option. Otherwise, you can always sell the coins and then use the proceeds to buy the new ones.

DiMarxist

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Quote from: teamsherry on June 13, 2024, 02:26:49 PM

It's your choice OP, but look at it this way too, investing in altcoins is like playing a gamble and if luckily you win and get profits it wise to first take that profit and withdraw it before investing into another altcoins cause there is also a big chance you lose it all on the other alt, so wise thign to do change to usdt and invest what you can afford to lose on the next alt, better have some than lose all.

Yes I will agree with you because altcoin too is luck. It is only when you are lucky that you can make profit from the investment and the same thing with gambling. So whoever investing in altcoins, should prepare for to face risk. But if the platform has the option of swapping then I will do the swapping because considering the on-chain fee that will be paid when selling and reinvesting.
But that should be a decision of the investors to know which one is preferable and no one here can tell him what to do. He has to do the one that will favor him.

teamsherry

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It's your choice OP, but look at it this way too, investing in altcoins is like playing a gamble and if luckily you win and get profits it wise to first take that profit and withdraw it before investing into another altcoins cause there is also a big chance you lose it all on the other alt, so wise thign to do change to usdt and invest what you can afford to lose on the next alt, better have some than lose all.

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Quote from: JamesDaniel90 on May 16, 2024, 04:51:35 PM

Hi,

I have a few altcoins that are doing pretty well and want to take profits soon to then reinvest into other altcoins that haven’t pumped yet and I am wondering if it is best to swap directly or sell my altcoin that is doing well into USDT and then buy the new altcoin I want with the USDT?

I use Coinbase mainly so wondering which way is best to do it or is there not really much difference?

Swap is expensive in terms of fee structure that make it preferrable choice for small conversion but if you are about to convert decent amount then better use the traditional exchange where you can find the best price and less trading fee but the down side is you have to move from your wallet to exchange then convert from crypto x to USDT then USDT to crypto y then you need to withdraw so if you're sure that you can still save some even after spending in these then exchanges are the best choice.

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Quote from: JamesDaniel90 on May 16, 2024, 04:51:35 PM

Hi,

I have a few altcoins that are doing pretty well and want to take profits soon to then reinvest into other altcoins that haven’t pumped yet and I am wondering if it is best to swap directly or sell my altcoin that is doing well into USDT and then buy the new altcoin I want with the USDT?

I use Coinbase mainly so wondering which way is best to do it or is there not really much difference?

Every time we make a trade, we have to determine the profit we want to get from the altcoin we have bought. If we have reached the target we want, my advice is to sell it immediately and then buy altcoins that have not been pumped. This is what I have done on every trade.because if that's what we do then we can get bigger profits.

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Quote from: rachael9385 on May 21, 2024, 05:29:15 PM

he should only swap the coins and keep. Besides, after selling coins into fiat currency, there might be an emergency, and you won't know when you will use the money to solve it.

I think it's also easier and convenient rather than taking it out of the platform. At least that way you can easily swap it when you want to or when you feel that the price is best to buy now.

There's also a higher chance to save the money if you don't directly hold it.

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Quote from: Lamkuthang on May 22, 2024, 11:52:26 AM

Ordinary It appears when we first enter the market and make a profit. Of course. This factor will not disappear even once it has experienced a loss. Looking for the top one is good advice in my opinion and of course safer. Yes. Investing requires a strategy and it's not just empty talk if it doesn't end in failure.

the decision to take profit is very clear with a safe strategy we can rely on it by holding a good coin that the coin has the potential to rise higher if there is a project opportunity, we should not miss it that way we collect the desired profit by choosing the top coin which is safer.

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Quote from: Xampeuu on May 21, 2024, 09:43:41 PM

the decision to take profits and move them to the top coins is very important, our hope is that our investments will increase. However, what needs to be avoided is greed, which is if we invest in altcoins and get a lot of profit, but we don't take it and move it to the top altcoin which is safer, things like this can damage the growth of our investment in a better direction.

Ordinary It appears when we first enter the market and make a profit. Of course. This factor will not disappear even once it has experienced a loss. Looking for the top one is good advice in my opinion and of course safer. Yes. Investing requires a strategy and it's not just empty talk if it doesn't end in failure.

Topic: Swap crypto or sell first then buy? (Read 600 times)