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Author Topic: Buy low sell high?  (Read 1888 times)
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August 07, 2017, 05:29:41 PM
 #1

So I have seen Coinbase is the main "source" for buying/selling BTC, but I was wondering if anyone has used the method of converting bitcoin to another currency when it reaches a high point, then converting it back to BTC when it is low enough.

If so, what wallet(s), exchanges, etc. are you using? And more specifically, what crypto do you recommend converting BTC to, in this situation?

Any help is appreciated!
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August 07, 2017, 06:05:52 PM
 #2

I think that is what everyone here does everyday. That is called as swing trading in short where you buy at lowest possible price and sell at highest possible price. And I'm getting what you trying to say here, when you get the sell at high price then just convert the amount into fiat currency. Hold it until the amount of btc goes all the way down and then again buy new low priced bitcoins.

Well that's what we do really and it works.

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August 07, 2017, 06:28:09 PM
 #3

This is a trading technique because the market is in a positive condition, by buying at a low price and selling it at a price slightly higher than the purchase price by targeting the price to make a profit. It's so simple you only need to change the bitcoin into your local currency after the bitcoin price goes back down, you re-buy bitcoin with the local currency you use.

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August 07, 2017, 10:15:55 PM
 #4

This is a trading technique because the market is in a positive condition, by buying at a low price and selling it at a price slightly higher than the purchase price by targeting the price to make a profit. It's so simple you only need to change the bitcoin into your local currency after the bitcoin price goes back down, you re-buy bitcoin with the local currency you use.
in fact every person want to use the same strategy but some time it become difficult when they trapped by panic selling and instead of making money they even lose their money. and specially those people who are very new in bitcoin trading and when the price start decreasing they cannot dare to hold and even sell their bitcoin in lost.

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Pearls Before Swine
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August 07, 2017, 10:37:32 PM
 #5

Umm..yeah, buddy, that's what most traders do.  Are you in some sort of special school
by any chance?  Watch out with coinbase.  They are one of the most reputable exchanges,
but they will close your account in the blink of an eye if you make the slightest error.
I've seen it happen to people here and that's one of the biggest complaints I've read. You
better be ready to pay taxes too.  I think coinbase is deep in bed with the IRS and 
probably every other government tax agency...and they have to be. 
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August 07, 2017, 10:49:32 PM
 #6

So I have seen Coinbase is the main "source" for buying/selling BTC, but I was wondering if anyone has used the method of converting bitcoin to another currency when it reaches a high point, then converting it back to BTC when it is low enough.

If so, what wallet(s), exchanges, etc. are you using? And more specifically, what crypto do you recommend converting BTC to, in this situation?

Any help is appreciated!

That's the normal and very basic trading technique. Buy at dips and sell at high. However, to know when to buy and when to sell, you need to monitor the market continuously and then only you will be able to determine that.

Also I won't recommend you to use any altcoin with btc trading because their price are really volatile. So unless you monitor that market very closely, you may make loss from your trading. Instead, I will suggest you to use btc/usd pair only because it is easy to monitor and understand.

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August 07, 2017, 10:58:57 PM
 #7

Many people maybe hundreds or thousands of them doing it everyday, buy bitcoin or other altcoins in bittrex, bitstamp, kraken or coinbase, and then sell it at higher point. The problem is, you should know when the price will be fall and when the best time to sell it, which almost like gambling, lucky guess or loss for a moment. Yes, just for a moment, maybe several months, but bitcoin price will be recover again for sure, and your money will be paid off for full, even more if you can be patient.

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August 07, 2017, 11:28:50 PM
 #8

This is a trading technique because the market is in a positive condition, by buying at a low price and selling it at a price slightly higher than the purchase price by targeting the price to make a profit. It's so simple you only need to change the bitcoin into your local currency after the bitcoin price goes back down, you re-buy bitcoin with the local currency you use.

Yeah that should be our motive here and the trading technique we have in the market must be practice most of the time so that profit will be he gained. Don't ever buy at higher price because it might drop suddenly, rather buy at lowet price so thaf you will benefit when it come a time that it will rise again so you CD an sell at a right price when it eventually rise higher.

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August 07, 2017, 11:38:02 PM
 #9

I am sure bitcoin price will increase significantly in this month as segwit will be lock-in today, its price already jump from $2800 to $3300 within days and will continue to rise. If you want to buy bitcoin, do not hesitate to buy it now because you won't regret it. Imagine if bitcoin could reach $4000 n this month, and you have purchased 1BTC at $3300 (today), easy $700 profit obviously.
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August 08, 2017, 03:20:11 AM
 #10

Right now the price of bitcoin still creating it's highest peak. I saw the price today and its on its way to $3500 a piece. So i recommend don't sell your btc yet. But once btc price goes down. Just go for potential altcoin like Ethereum. We know when bitcoin dumps, the altcoin market is alive. It's up to you what altcoins you are going to put your funds. That's the essense of trading. Buying low, selling high.

I usually use Poloniex and Bittrex for trading. I have not sold my btc yet because of segwit locked in hype. The pump is just getting started. When it start to drop, then i will buy some IOTAs on bitfinex and Ethereum. And the other is for cash.


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August 08, 2017, 03:47:50 AM
 #11

This is a commonly used strategy by majority of the users involved into trading. The same strategy won't be successful on every trading, because now people has got the chance to buy low and sell high as the price grows in no time. The same happens rarely, so traders need to make other plans to earn through the fluctuations.

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August 08, 2017, 04:01:30 AM
 #12

it's very difficult to buy low. you may you think buy low, but the price is goning to down, then you can't sell high, only to hold and wait.

so, hold your bitcoin is the best investment./
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August 08, 2017, 04:51:21 AM
 #13

Of course there are many people doing that thing converting from one crypto to another crypto if they think that the other one is going up more than the current coins that they are holding. But if you are just asking in what crypto should you invest with is like asking where do I get rich. Trading money or crypto is no joke you need to learn it by yourself in an easy way(good for you) or hard way.

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August 08, 2017, 05:12:45 AM
 #14

So I have seen Coinbase is the main "source" for buying/selling BTC, but I was wondering if anyone has used the method of converting bitcoin to another currency when it reaches a high point, then converting it back to BTC when it is low enough.

If so, what wallet(s), exchanges, etc. are you using? And more specifically, what crypto do you recommend converting BTC to, in this situation?

Any help is appreciated!

You can choose wallet, exchanges or even strategy to make profit as your needed. Everything has their own system and you'll see if join with that platform and must deal with all risk. I only recommend as long the system can supported your needed it's fine and good to grow up your trading/ investment. All depend on your needed and will not the same with others people. You can buy monero to make profit, the price is not too low and has stable volume. Good luck. 

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August 08, 2017, 05:19:06 AM
 #15

So I have seen Coinbase is the main "source" for buying/selling BTC, but I was wondering if anyone has used the method of converting bitcoin to another currency when it reaches a high point, then converting it back to BTC when it is low enough.

If so, what wallet(s), exchanges, etc. are you using? And more specifically, what crypto do you recommend converting BTC to, in this situation?

Any help is appreciated!

It depends on your own choice, there is a lot of exchanges and you are free to choose it. Trade requires a meticulous strategy and you must be active to see the price margin on some exchanges, you can see where the exchange have a low prices and where the exchanges have a high prices. You must be careful if you want to get a profit on the trade you will do.

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August 08, 2017, 07:31:18 AM
 #16

it's very difficult to buy low. you may you think buy low, but the price is goning to down, then you can't sell high, only to hold and wait.

so, hold your bitcoin is the best investment./
Yes sometimes it happens. Because the strength or low price of each person is different the research is different and I've experienced it myself I went to buy altcoin which I think was at the low point but he came down after I bought it and I tried to buy back at different prices but he did not want to stop and finally I survived and waited for him back at the pump

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August 08, 2017, 08:14:20 AM
 #17

So I have seen Coinbase is the main "source" for buying/selling BTC, but I was wondering if anyone has used the method of converting bitcoin to another currency when it reaches a high point, then converting it back to BTC when it is low enough.

If so, what wallet(s), exchanges, etc. are you using? And more specifically, what crypto do you recommend converting BTC to, in this situation?

Any help is appreciated!
You can use bittrex exchange which is one of the most popular exchange that my friends recommended to me. You just need to deposit bitcoin there and exchange it for USDT which is like a dollar currency so you can preserve your money there and continue to play bitcoin without having any worries and just keep doing buy low sell high.

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August 08, 2017, 09:52:26 AM
 #18

I use Poloniex and Bittrex mainly for trading. I recommend converting BTC to USDT (as per above post) to take profit when BTC rise. Converting BTC to fiat usually cost much expensive fees.


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machinek20
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August 08, 2017, 11:52:48 AM
 #19

That is what we called trading and there are a lot of famous exchanger to do trading, bittrex and poliniex is one of them and there are a lot coin to trade in that place, if you want to try to trade, these sites is the best place to start, the crypto I recomended is eth

Vishnu.Reang
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August 08, 2017, 12:44:35 PM
 #20

Back in 2016, I had tried my luck with BTC-e. I purchased LTC for low prices, and tried to sell it for higher rates. The first few times, I was lucky and was able to net small profits. But then the LTC exchange rates crashed and all my previous profits were wiped out.

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