Swap crypto or sell first then buy?

[Mate2237]

Not a good plan, most people have done this and in the end they would have done better if they held the first coins, the thing is it's not easy to find gems.

...stop jumping from one to another project.

Exactly It is not idea to sell one coin and invest in a lower project, that calculation might run at lost because the risky there very high. You have been investing in a particular token or coin and the coin has declined or reduce in price and you just like to invest in another coin that is more lower than the present coin you are investing so that you will gain more, hey mate, experienced is the best teacher, I have done that and I don't think I will advise someone to do that again because you will lose the more.

I sold some of the percentage of Bitcoin to invest in Ethereum and I can see the loss I made from the investment. I invested in Ethereum when the price was $3,658 and that is about 4 month now and till now the price has not reached $3,400 and I have sold 20% of the investment as lost price. Jumping from one coin to another is very dangerous. You can lost everything in the process.

[doomloop]

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.

We all are in for the profit, so if a token that we currently have, earns it for us, then they are worthy to keep except only if we are 100 percent sure that they will collapse later on. If the platform allows, we can just swap them right away to the other coin of our choice as I think that is much easier and maybe we can save some transaction fees with that than doing it the other way around.

Holding a crypto is better than having a fiat in terms of inflation and with the popularity cryptos currently have, it is now possible to use them directly. Soon, fiats might even become obsolete which is better and a dream come true of a crypto enthusiast like me.

[beerlover]

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 do not think that there is a big difference between these two things. Don't get me wrong I am not saying that we are going to face a lot of trouble if we do one or the other, we are going to realize that both of them are quite normal and we shouldn't really see difference. I have done both and there wasn't any difference at all.

The reality is that not a lot of swapping options do exist in most places, so you are dealing with places that you do not like, that is why I end up selling first and then buying later because that is the option I am given, not because that is better but because that is what the dexo r the cex I am using offers at the moment, which makes things a lot better. I do not think that it will be cared or have financial consequences to pick one.

[senyorito123]

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 can swap directly in an instant to see your profit as liquidity will show up once you hit the swap button, just make sure you have enough gas fee for the transaction. Using coinbase is reliable too, same with other cryptocurrency wallets like trustwallet, metamask and other trusted applications that caters swapping.

[woez]

You can swap directly in an instant to see your profit as liquidity will show up once you hit the swap button, just make sure you have enough gas fee for the transaction. Using coinbase is reliable too, same with other cryptocurrency wallets like trustwallet, metamask and other trusted applications that caters swapping.

That's right and the platform you mentioned above provides swab services too. I often do this using metamask which is simpler, easier and faster without needing to connect here and there.

As for gas costs, it depends on the network, if it's busy, of course it's a bit expensive, but if you use BSC, I think it's still quite standard.

Just OP executes if he wants.. .

[Godday]

I sold some of the percentage of Bitcoin to invest in Ethereum and I can see the loss I made from the investment. I invested in Ethereum when the price was $3,658 and that is about 4 month now and till now the price has not reached $3,400 and I have sold 20% of the investment as lost price. Jumping from one coin to another is very dangerous. You can lost everything in the process.

And now ETH has hit 3,700 dollars. This means you have made a small profit if you still hold it. Maybe this is not a big profit because you bought it at $3,658. But this proves that if you have a conviction and you use cold money then you can still make a profit in crypto.

Jumping from one project to another is very risky. I prefer to stay in one project but it is a project with good fundamentals because I like to hold coins for the long term.

[Mate2237]

I sold some of the percentage of Bitcoin to invest in Ethereum and I can see the loss I made from the investment. I invested in Ethereum when the price was $3,658 and that is about 4 month now and till now the price has not reached $3,400 and I have sold 20% of the investment as lost price. Jumping from one coin to another is very dangerous. You can lost everything in the process.

And now ETH has hit 3,700 dollars. This means you have made a small profit if you still hold it. Maybe this is not a big profit because you bought it at $3,658. But this proves that if you have a conviction and you use cold money then you can still make a profit in crypto.

Jumping from one project to another is very risky. I prefer to stay in one project but it is a project with good fundamentals because I like to hold coins for the long term.

There is no profit yet because when you buy a coin the buyer will pay you lower than the selling price at that time so the coins would reduce and before the coins will start to make profit is when the price hit $4,600. Therefore for now I am still at the losing side of the investment but the remaining coins will there for years to cone. There is a prediction that Ethereum will hit $10k in this bull run but that prediction is not really impressive because the movement of this coin is not encouraging me.

[rachael9385]

I sold some of the percentage of Bitcoin to invest in Ethereum and I can see the loss I made from the investment. I invested in Ethereum when the price was $3,658 and that is about 4 month now and till now the price has not reached $3,400 and I have sold 20% of the investment as lost price. Jumping from one coin to another is very dangerous. You can lost everything in the process.

And now ETH has hit 3,700 dollars. This means you have made a small profit if you still hold it. Maybe this is not a big profit because you bought it at $3,658. But this proves that if you have a conviction and you use cold money then you can still make a profit in crypto.

Jumping from one project to another is very risky. I prefer to stay in one project but it is a project with good fundamentals because I like to hold coins for the long term.

There is no profit yet because when you buy a coin the buyer will pay you lower than the selling price at that time so the coins would reduce and before the coins will start to make profit is when the price hit $4,600. Therefore for now I am still at the losing side of the investment but the remaining coins will there for years to cone. There is a prediction that Ethereum will hit $10k in this bull run but that prediction is not really impressive because the movement of this coin is not encouraging me.

You are correct, so from my opinion, I think instead of you selling your coins because it's reducing due to price fluctuations, it's better to swap the coins to a stable one. For example one invested in Bitcoin and Bitcoin is reducing in price, it would be wise for the person to just swap the coins from BTC to USDT then wait for the perfect time then reswap it to BTC.
Swapping from Bitcoin to USDT will not take use of your time especially if the Bitcoin is inside an exchange. But selling and buying again will take a lot of time as you will have to wait for awhile so that the vendor can be able to pay, and in most cases, ones you sold your coins you might use the money because it's fiat and fists are easily spent.

[Mate2237]

I sold some of the percentage of Bitcoin to invest in Ethereum and I can see the loss I made from the investment. I invested in Ethereum when the price was $3,658 and that is about 4 month now and till now the price has not reached $3,400 and I have sold 20% of the investment as lost price. Jumping from one coin to another is very dangerous. You can lost everything in the process.

And now ETH has hit 3,700 dollars. This means you have made a small profit if you still hold it. Maybe this is not a big profit because you bought it at $3,658. But this proves that if you have a conviction and you use cold money then you can still make a profit in crypto.

Jumping from one project to another is very risky. I prefer to stay in one project but it is a project with good fundamentals because I like to hold coins for the long term.

There is no profit yet because when you buy a coin the buyer will pay you lower than the selling price at that time so the coins would reduce and before the coins will start to make profit is when the price hit $4,600. Therefore for now I am still at the losing side of the investment but the remaining coins will there for years to cone. There is a prediction that Ethereum will hit $10k in this bull run but that prediction is not really impressive because the movement of this coin is not encouraging me.

You are correct, so from my opinion, I think instead of you selling your coins because it's reducing due to price fluctuations, it's better to swap the coins to a stable one. For example one invested in Bitcoin and Bitcoin is reducing in price, it would be wise for the person to just swap the coins from BTC to USDT then wait for the perfect time then reswap it to BTC.
Swapping from Bitcoin to USDT will not take use of your time especially if the Bitcoin is inside an exchange. But selling and buying again will take a lot of time as you will have to wait for awhile so that the vendor can be able to pay, and in most cases, ones you sold your coins you might use the money because it's fiat and fists are easily spent.

No no no I don't don't do that to migrate from one coin to another. No. I invested to the coin because I like the coin so there is no need to swap or convert to another because of the price fluctuations. No cryptocurrency is 100% stable and all have their specific time that it moves up and down. The only stable Currency I know was the National Fiat money but in these days, Fiat money is more volatile like the Cryptocurrencies.

And I will use my country economy to show example. People are buying naira now to hodle till when it rise in price then sell it. And the government is doing that and that is why they don't want to stop the inflation in the country.

[kawetsriyanto]

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?

If you want to reinvest from shitcoins/memecoins/newcoins to the top coins with strong fundamentals, it is good idea. It means you relocate your funds to safer coins. I also already take profits on some coins that I assume they already hit the peak and look like difficult to continue increasing. Most of them are hype coins with weak fundamentals and new altcoins, these type of coins won't last a long time increasing their values. Even some new altcoins only increase the prices when it is launched in the exchange for the first time, after that they tend to decrease their values.

However, it is also good if you divide the profits. A half convert to USDT and the rest to reinvest to top coins. In this way, you can safe some profits but you still can continue to invest in safe coins. Sometimes, I choose this way if I think it won't be a really good time for using all the funds for collecting more coins. Just take a research first, it will help you to take a better decision!! Good luck... 

[rachael9385]

I sold some of the percentage of Bitcoin to invest in Ethereum and I can see the loss I made from the investment. I invested in Ethereum when the price was $3,658 and that is about 4 month now and till now the price has not reached $3,400 and I have sold 20% of the investment as lost price. Jumping from one coin to another is very dangerous. You can lost everything in the process.

And now ETH has hit 3,700 dollars. This means you have made a small profit if you still hold it. Maybe this is not a big profit because you bought it at $3,658. But this proves that if you have a conviction and you use cold money then you can still make a profit in crypto.

Jumping from one project to another is very risky. I prefer to stay in one project but it is a project with good fundamentals because I like to hold coins for the long term.

There is no profit yet because when you buy a coin the buyer will pay you lower than the selling price at that time so the coins would reduce and before the coins will start to make profit is when the price hit $4,600. Therefore for now I am still at the losing side of the investment but the remaining coins will there for years to cone. There is a prediction that Ethereum will hit $10k in this bull run but that prediction is not really impressive because the movement of this coin is not encouraging me.

You are correct, so from my opinion, I think instead of you selling your coins because it's reducing due to price fluctuations, it's better to swap the coins to a stable one. For example one invested in Bitcoin and Bitcoin is reducing in price, it would be wise for the person to just swap the coins from BTC to USDT then wait for the perfect time then reswap it to BTC.
Swapping from Bitcoin to USDT will not take use of your time especially if the Bitcoin is inside an exchange. But selling and buying again will take a lot of time as you will have to wait for awhile so that the vendor can be able to pay, and in most cases, ones you sold your coins you might use the money because it's fiat and fists are easily spent.

No no no I don't don't do that to migrate from one coin to another. No. I invested to the coin because I like the coin so there is no need to swap or convert to another because of the price fluctuations. No cryptocurrency is 100% stable and all have their specific time that it moves up and down. The only stable Currency I know was the National Fiat money but in these days, Fiat money is more volatile like the Cryptocurrencies.

And I will use my country economy to show example. People are buying naira now to hodle till when it rise in price then sell it. And the government is doing that and that is why they don't want to stop the inflation in the country.

Well, what I am trying to say is that instead of anyone selling their coins because of the way Bitcoin's price is fluctuating downward, it's better for them to swap their coins to a stable one. My reasons for saying this is because the time that will be consumed for the person to sell and wait for the Marchant to credit before he will release coins might be too much and if the person who's selling is in a hurry to attend or do something else, 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. Yes, there's no coin that's 100% stable, but there are some that are 90% stable.

Swap crypto or sell first, then buy?

Why I am talking about swapping and from one coins to another is because of the topic of this thread.

[shinratensei_]

I sold some of the percentage of Bitcoin to invest in Ethereum and I can see the loss I made from the investment. I invested in Ethereum when the price was $3,658 and that is about 4 month now and till now the price has not reached $3,400 and I have sold 20% of the investment as lost price. Jumping from one coin to another is very dangerous. You can lost everything in the process.

And now ETH has hit 3,700 dollars. This means you have made a small profit if you still hold it. Maybe this is not a big profit because you bought it at $3,658. But this proves that if you have a conviction and you use cold money then you can still make a profit in crypto.

Jumping from one project to another is very risky. I prefer to stay in one project but it is a project with good fundamentals because I like to hold coins for the long term.

with spot trading or investment its always game of waiting, previous ath buyer of bitcoin already profit if they sell it now otherwise they lose same with ETH.
i personally never bought ATH but people could literally wait it out until price recover then they can avoid their losses but I think time is just too important for some people.

You can swap directly in an instant to see your profit as liquidity will show up once you hit the swap button, just make sure you have enough gas fee for the transaction. Using coinbase is reliable too, same with other cryptocurrency wallets like trustwallet, metamask and other trusted applications that caters swapping.

That's right and the platform you mentioned above provides swab services too. I often do this using metamask which is simpler, easier and faster without needing to connect here and there.

As for gas costs, it depends on the network, if it's busy, of course it's a bit expensive, but if you use BSC, I think it's still quite standard.

Just OP executes if he wants.. .

even ethereum right now having affordable gas already after the new dencun upgrade if im not mistaken where L2 right now can officially submit their transaction to main blockchain without the need to pay high gas fee.
it does helps a lot in swapping and I think whether exchange or swapping right now doesn't really have any difference.

[Xampeuu]

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?

If you want to reinvest from shitcoins/memecoins/newcoins to the top coins with strong fundamentals, it is good idea. It means you relocate your funds to safer coins. I also already take profits on some coins that I assume they already hit the peak and look like difficult to continue increasing. Most of them are hype coins with weak fundamentals and new altcoins, these type of coins won't last a long time increasing their values. Even some new altcoins only increase the prices when it is launched in the exchange for the first time, after that they tend to decrease their values.

However, it is also good if you divide the profits. A half convert to USDT and the rest to reinvest to top coins. In this way, you can safe some profits but you still can continue to invest in safe coins. Sometimes, I choose this way if I think it won't be a really good time for using all the funds for collecting more coins. Just take a research first, it will help you to take a better decision!! Good luck... 

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.

[Lamkuthang]

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.

[Qiubell5]

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.

[kotajikikox]

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.

[Wildwest]

It all depends on your choice depending on which altcoin you prefer to invest in, in the discussion you want to sell the altcoin and you want to invest again in another altcoin. The easiest way to exchange is not to exchange from one coin to fiat, but to exchange directly to altcoins is easier and there won't be many discounts from the market you usually use.

[Kocret02]

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.