Bitcoin Forum
May 24, 2024, 02:31:09 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Have you ever bought crypto directly for cash?
Yes - 38 (65.5%)
No - 14 (24.1%)
No, but I would like to - 6 (10.3%)
Total Voters: 58

Pages: « 1 2 3 4 5 6 7 8 9 [10]  All
  Print  
Author Topic: Do you buy or sell crypto for cash?  (Read 871 times)
Omega Weapon
Hero Member
*****
Offline Offline

Activity: 1092
Merit: 501


View Profile
May 19, 2018, 09:59:10 PM
 #181

I want to sell at the highest price, hold cash, and then buy it back when the price is lowest. This is the best operation, but it is often difficult. So once the price rises I will hold cash, and if the price falls I will buy it back.
That is nothing more than the standard strategy of a trader however selling at the very bottom of the price is incredibly difficult, selling close to the bottom is a lot easier, but selling your bitcoin for cash can be very troublesome, this is why many people decide to exchange their bitcoins for tether dollars instead, that way you get the convenience of using a cryptocurrency but with the stability of the dollar.
asduznxz9999
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile
May 20, 2018, 02:58:03 AM
 #182

in the country of my residence there are often problems with cashing out the cryptocurrency .. the bank just can block my bank account and ask to declare this money.. there are certainly different ways of cashing out cryptocurrencies but they are not always completely legal.. at the moment I am looking for different alternative ways.
Pages: « 1 2 3 4 5 6 7 8 9 [10]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!