I can see now that my question wasn't clear. I revised the headline.
I'm not asking where the money goes, I'm asking how do you do it - sell altcoins. What do you buy instead? BTC? something else?
Topic: What do you do with your money after selling altcoins? - page 2. (Read 393 times)
I'm making my first steps in the cryptocurrency trading world, and am learning everything from scratch (and loving it!)
I have a question which I couldn't find a definite answer for.
What do you do when you want to close a trade of an alt coin? With BTC it's easy, you just cash out (or not?)
But with alt coins, what do you do? Do you buy BTC? If so, then I assume it's a gamble as well, as you don't know what BTC will do from this point onward.
Do you buy BTC and then Tether maybe, so you can stay in the exchange and not have to withdraw the money and then deposit again?
I'm obviously talking about a scenario where you want to take the earnings and re-invest them, as opposed to just take the money and go home.
I have a question which I couldn't find a definite answer for.
What do you do when you want to close a trade of an alt coin? With BTC it's easy, you just cash out (or not?)
But with alt coins, what do you do? Do you buy BTC? If so, then I assume it's a gamble as well, as you don't know what BTC will do from this point onward.
Do you buy BTC and then Tether maybe, so you can stay in the exchange and not have to withdraw the money and then deposit again?
I'm obviously talking about a scenario where you want to take the earnings and re-invest them, as opposed to just take the money and go home.
Altcoin goes to the trader you are selling the coin to that concern person. I want to know which exchange you are using to change your currency. Sometimes if you are okay with the site value of the coin you want to sell. That will give exchange of the coon within few minutes but the expectation amount you can set when you open the trade. The value will be accordingly and you will able sell forchigh price too.
I'm making my first steps in the cryptocurrency trading world, and am learning everything from scratch (and loving it!)
I have a question which I couldn't find a definite answer for.
What do you do when you want to close a trade of an alt coin? With BTC it's easy, you just cash out (or not?)
But with alt coins, what do you do? Do you buy BTC? If so, then I assume it's a gamble as well, as you don't know what BTC will do from this point onward.
Do you buy BTC and then Tether maybe, so you can stay in the exchange and not have to withdraw the money and then deposit again?
I'm obviously talking about a scenario where you want to take the earnings and re-invest them, as opposed to just take the money and go home.
I have a question which I couldn't find a definite answer for.
What do you do when you want to close a trade of an alt coin? With BTC it's easy, you just cash out (or not?)
But with alt coins, what do you do? Do you buy BTC? If so, then I assume it's a gamble as well, as you don't know what BTC will do from this point onward.
Do you buy BTC and then Tether maybe, so you can stay in the exchange and not have to withdraw the money and then deposit again?
I'm obviously talking about a scenario where you want to take the earnings and re-invest them, as opposed to just take the money and go home.
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