The transaction fee that may be charged if you swap directly from one particular coin to another may be kind of higher than when you convert to a stablecoin before buying the desired coin. I would have told you to find out but it is not worth taking the risk. Do as others have advised you to, first swap to stable coin before swapping back to the new asset you want.
I think both transactions would have high transaction fees especially if you are making transactions in a centralized exchange so I think you will just be doubling the transaction fees if you switch to a stablecoin first. The transaction fees would also depend on what specific stablecoin you want to switch on to. I think it would be better to just swap directly. 
Topic: Swap crypto or sell first then buy? - page 3. (Read 600 times)
check slippage percentage you might find the swap platform lacking liquidity that causes there to be some big slippage that can cut some of your money, also check the fee required to execute transaction as well and see whether your really want to swap it instead of using exchange, personally I just use exchange its just a lot more convenient for me, no need to think about slippage percentage and fee, just fill in some buy or sell order then its all set and there's more likely close to zero fee so its really not gonna hurt if you just trade your investment into stablecoin occasionally since if we are talking about making profit its also better to cut down fees so that it don't eat our profit.
just imagine if ethereum gas price were still 30 gwei with current ethereum price its gonna cost you around $50 to swap alone that already eating up your profits and also without taking into account things like slippage which happens a lot to a coin with low liquidity provider in swap platform like uniswap.
just imagine if ethereum gas price were still 30 gwei with current ethereum price its gonna cost you around $50 to swap alone that already eating up your profits and also without taking into account things like slippage which happens a lot to a coin with low liquidity provider in swap platform like uniswap.
I think I am just going to cash out every $3 it goes up from now on.
I have seen price predictions for this bull run from $10 - $50 so I will leave 1000 till the peak of the bull run and hope it is closer to $50
I have seen price predictions for this bull run from $10 - $50 so I will leave 1000 till the peak of the bull run and hope it is closer to $50
Well, I am wondering what you would do if you take $3 cash continuously for 5 times and then the price goes down, where do you define as your stop so you continue taking $3 gain? $3 from the dip? Or does the dip need to clear and get back to the amount it was, then you wait for $3 gain on that? For me I think a best to have a target which can be hit at once instead of taking the gain in such small bits.
Im not 100% sure but think you misunderstood me.
I mean I will take profit every time the price of Arcblock increases by $3.
So it is currently at $4 , so when it gets to $7 I will take some profits , when it then gets to $10 take some more.
I understand better now. Yet, what I am still asking is that assuming it gets to $7 and you take profit, then $10 and you take profit, then it falls back to $3, when will you take the next profit? $13 or $6?
The transaction fee that may be charged if you swap directly from one particular coin to another may be kind of higher than when you convert to a stablecoin before buying the desired coin. I would have told you to find out but it is not worth taking the risk. Do as others have advised you to, first swap to stable coin before swapping back to the new asset you want.
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?
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?
Do the one that is more easy for you, it's just the same thing. If you want to spend all the profit from the other investment, you can just swap to the new asset you want to own but if you to want to spend all, only swap the amount you want to the new token. If you swap directly, you will only spend a one time fee but if sell and buy back that's twice fee you spend.
If you really want to immediately own your target coin, then exchanging it directly is the best thing. However, if you feel that the price of the coin you currently own will fall, and still want to wait for your target coin to have a suitable price, then exchanging it for USDT first is a good option. However, it all depends on you. If it is at the same time, then both are the same thing, but it would be better if you swap directly.
I think I also have the same initiative here but I would rather OP hold the current coin as long as it is not failing yet but if op thinks the coin is holding currently is about to fall then swapping directly would be the best advice but if the otherwise then he should split the coin swap the other part of the coin then still hold the coin because one does not know what way the market goes. It might end up going high after op decide to swap or sell which will end up in regret so I suggest op still holds the coin in the meantime swap the rest for the new project which he thinks is better or wil do higher. As long as profit is what we aim at then op should do the best he can just to maximize profit.
It all depends on the means you are using to swap or sell your coins. If you are using an exchange, it will be more easy for you adon't have to sell before you swap the coin. If you are using a wallet then you would have to swap with gas fee which could be bigger depending on the amount and what network you are using. If you are using a network that requires higher gas fee the you will have to pay more for the transaction to be completed. It all depends on our choice
If you really want to immediately own your target coin, then exchanging it directly is the best thing. However, if you feel that the price of the coin you currently own will fall, and still want to wait for your target coin to have a suitable price, then exchanging it for USDT first is a good option. However, it all depends on you. If it is at the same time, then both are the same thing, but it would be better if you swap directly.
I think I am just going to cash out every $3 it goes up from now on.
I have seen price predictions for this bull run from $10 - $50 so I will leave 1000 till the peak of the bull run and hope it is closer to $50
I have seen price predictions for this bull run from $10 - $50 so I will leave 1000 till the peak of the bull run and hope it is closer to $50
Well, I am wondering what you would do if you take $3 cash continuously for 5 times and then the price goes down, where do you define as your stop so you continue taking $3 gain? $3 from the dip? Or does the dip need to clear and get back to the amount it was, then you wait for $3 gain on that? For me I think a best to have a target which can be hit at once instead of taking the gain in such small bits.
Im not 100% sure but think you misunderstood me.
I mean I will take profit every time the price of Arcblock increases by $3.
So it is currently at $4 , so when it gets to $7 I will take some profits , when it then gets to $10 take some more.
I think I am just going to cash out every $3 it goes up from now on.
I have seen price predictions for this bull run from $10 - $50 so I will leave 1000 till the peak of the bull run and hope it is closer to $50
I have seen price predictions for this bull run from $10 - $50 so I will leave 1000 till the peak of the bull run and hope it is closer to $50
Well, I am wondering what you would do if you take $3 cash continuously for 5 times and then the price goes down, where do you define as your stop so you continue taking $3 gain? $3 from the dip? Or does the dip need to clear and get back to the amount it was, then you wait for $3 gain on that? For me I think a best to have a target which can be hit at once instead of taking the gain in such small bits.
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?
Always you should swap your token to stable coin like USDT and then you can buy another coins you want. Usually the coins and tokens are in USDT, BTC, BNB, ETH pairs so you cannot directly swap any of your tokens with other tokens or coins even if you want to. So if you swap your tokens to stable first and then buy another token you will have a good measurement of how many dollars it cost you per token if you always calculate $ for your profitI 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?
Well said Mate. I don't suggest he swaps considering he made profits off the token. It a great idea of converting to fait, and withdraw. Also mapping out the money to be invested in the other wether it worth it or you re-invest.
But still be cautious of Altcoins, make profit and withdraw nothing is certain, invest in Bitcoin which has proven and not mere pump and dump coin.
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?
Always you should swap your token to stable coin like USDT and then you can buy another coins you want. Usually the coins and tokens are in USDT, BTC, BNB, ETH pairs so you cannot directly swap any of your tokens with other tokens or coins even if you want to. So if you swap your tokens to stable first and then buy another token you will have a good measurement of how many dollars it cost you per token if you always calculate $ for your profit 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?
I think I am just going to cash out every $3 it goes up from now on.
I have seen price predictions for this bull run from $10 - $50 so I will leave 1000 till the peak of the bull run and hope it is closer to $50
That's a lot of price for the prediction. But you know what you are up to and you have price targets.I have seen price predictions for this bull run from $10 - $50 so I will leave 1000 till the peak of the bull run and hope it is closer to $50
So whatever happens to that and it has reached your price and expectation, always secure for yourself. Yes, the profit should be secured for you to be able not to miss every opportunity that's already at hand.
I think I am just going to cash out every $3 it goes up from now on.
I have seen price predictions for this bull run from $10 - $50 so I will leave 1000 till the peak of the bull run and hope it is closer to $50
I have seen price predictions for this bull run from $10 - $50 so I will leave 1000 till the peak of the bull run and hope it is closer to $50
Boyptc - it was a $360 investment.
I have taken the $360 out plus $2k profit so far so I am now holding a free bag which is currently worth $9495 - it has been my best investment by far so far in my crypto journey.
Congratulations and all I can say is great job. I have taken the $360 out plus $2k profit so far so I am now holding a free bag which is currently worth $9495 - it has been my best investment by far so far in my crypto journey.
I am just not sure if I should take more out at this current price or hold and be brave hoping it goes a lot higher by the end of the year in the peak of the bull run.
Well, you're free to do what you think will benefit you. You've taken your initial capital from it and you're in profit and as you've said, you're holding a free bag.That's for you to decide and you can explore more freely without having a bad feeling about it whatever the results will be.
Boyptc - it was a $360 investment.
I have taken the $360 out plus $2k profit so far so I am now holding a free bag which is currently worth $9495 - it has been my best investment by far so far in my crypto journey.
I am just not sure if I should take more out at this current price or hold and be brave hoping it goes a lot higher by the end of the year in the peak of the bull run.
I have taken the $360 out plus $2k profit so far so I am now holding a free bag which is currently worth $9495 - it has been my best investment by far so far in my crypto journey.
I am just not sure if I should take more out at this current price or hold and be brave hoping it goes a lot higher by the end of the year in the peak of the bull run.
Although OP it's up to you to decide which action to take but I would suggest you don't loss every thing at once buy swapping to the new Altcoin.
Finding a good project isn't easy so if you see an alt that is doing well correctly and you wish to take profit then what you have to do is keep a certain amount of that coin back sell only what you thing is necessary then you can use the profit to invest in the new Altcoin you wish to invest in.
This means that you will be maximising your profit by not lossing the first coin and even if the new Altcoin don't perform very well you wouldn't be in a deep loss as you would have been if you swapped directly.
Finding a good project isn't easy so if you see an alt that is doing well correctly and you wish to take profit then what you have to do is keep a certain amount of that coin back sell only what you thing is necessary then you can use the profit to invest in the new Altcoin you wish to invest in.
This means that you will be maximising your profit by not lossing the first coin and even if the new Altcoin don't perform very well you wouldn't be in a deep loss as you would have been if you swapped directly.
Thanks for the replies so far.
The altcoin I have just taken profit on is Arcblock - I was lucky and got in last year at $0.11 and it has just reached a new all time high of $4.26 so almost given me 40x return so far so felt I had to take some more profit.
That's a lot of gain so congratulations to you. I want to ask if you don't mind, how much you invested on it and how much you gain in $?The altcoin I have just taken profit on is Arcblock - I was lucky and got in last year at $0.11 and it has just reached a new all time high of $4.26 so almost given me 40x return so far so felt I had to take some more profit.
I haven't made a lot of altcoin investing and that's why I'm only asking his actual profit and the capital that he has invested with it. If he's not going to answer it, that's fine and no worries.
Thanks for the replies so far.
The altcoin I have just taken profit on is Arcblock - I was lucky and got in last year at $0.11 and it has just reached a new all time high of $4.26 so almost given me 40x return so far so felt I had to take some more profit.
That's a lot of gain so congratulations to you. I want to ask if you don't mind, how much you invested on it and how much you gain in $?The altcoin I have just taken profit on is Arcblock - I was lucky and got in last year at $0.11 and it has just reached a new all time high of $4.26 so almost given me 40x return so far so felt I had to take some more profit.
Thanks for the replies so far.
The altcoin I have just taken profit on is Arcblock - I was lucky and got in last year at $0.11 and it has just reached a new all time high of $4.26 so almost given me 40x return so far so felt I had to take some more profit.
I sold to Usdt and then with that Usdt I topped up my bags on 4 other altcoins I already have in my portfolio that I believe will do well this bull run.
From $0.11 to $4.26? wow a whole lot of profit you got there depending on the amount you invested in it and converting it to USDT is good but don't be overzealous about the other altcoins you want to switch to but I wish you luck in the bull run. The altcoin I have just taken profit on is Arcblock - I was lucky and got in last year at $0.11 and it has just reached a new all time high of $4.26 so almost given me 40x return so far so felt I had to take some more profit.
I sold to Usdt and then with that Usdt I topped up my bags on 4 other altcoins I already have in my portfolio that I believe will do well this bull run.
I usually prefer to swap to USDT and then buy whatever crypto it is. This is better to me because it helps you to keep easy track of what you are doing. The rate you bought at, and the rate your wish to sell. Some people still do the necessary calculations despite swapping directly between currencies, but USDT is simple and easily understandable.
Me too and you're right with that. If someone wants to swap crypto, the best option is to put it first into USDT or other stable coins. You get to see the amount of it and you don't have to compute this and that when the conversion happens. You keep away from the away of the calculations that sometimes are going to confuse us when we're doing a lot of things and yet we have to do these trades. I guess that's becoming the process of most people, traders and not. Jump to: