Show Posts
I am new to the whole trading scene and I have invested about $100 and made a profit of $325 in ETH. Which I am kind of proud of since I never even bought/traded crypto before! Now, I am turning my head towards you the more experienced trader.. Should I reinvest a sum of the profit into other cryptocurrencies? I have a few in mind. Should I hodl/hold it?
Reinvesting is a good choice because the new altcoin will not get any traction. Recommend you take advantage of the ether price and sell around 60% of the ether to cash it. Then buy some other altcoins or bitcoin with it.
Quote
It might sound stupid, it most likely is stupid but we were all noobs at one point.
I can fell it myself. I was a noob at one time too. Dont worry. 
Quote
Another thing I have been thinking about recently on how to make profit.
Buy low sell high - the basic. Quote
This is pretty much how I see it: I have $325 it bumps up to $400. How do I take out that $75 profit before it falls back down to $325? Do I have to cash out the $400 then reinvest when it drops back to let us say $325 to make that $75 profit? 
Hopefully I do not sound retarded. 
I bet someone will get what I mean. Since the price shoots up and then goes back down to normal. There is a small window of opportunity to make a profit when it still rises. I just do not know how and where to do it.
Hopefully I do not sound retarded. I bet someone will get what I mean. Since the price shoots up and then goes back down to normal. There is a small window of opportunity to make a profit when it still rises. I just do not know how and where to do it.I think my above explanation is clear. If you need any more clarification let me know.
The thing is I have the money in my cryptowallet and not online on an exchange service like binance. (Even though I have a binance account.) I just do not know how to cash it out to continue making profit. Since I live in Sweden the regulations with cryptocurrency and banks are..well..not exactly approving of it. My friend got his bank account closed because of it. It is rediculous tbh. I am assuming I should transfer the profits over to an exchange and reinvest them into other cryptos then? Also we pay about 40-50% taxes here. So a simple transfer would cost more. I am currently thinking of investing in IOTA, NEO, LISK, Ripple, Steem and Stellar Lumens. Hopefully I will become as successful as you guys at some point. Even though my budget is very, very slim.
Hoping on growing this into at least $1000! Have a great day and thank you for your time!
