Buy low sell high?

[yitzjoe]

buying cheap prices and selling when it's high, that's the basis of trading, but in reality it won't be that easy because the low price can be a high price if market prices continue to fall, and vice versa determination of high prices can be low when market prices continue go up. need to experience and understand market trends so you can see the limits of low prices and high prices

[1715071785]

1715071785

[1715071785]

1715071785

[1715071785]

1715071785

[1715071785]

1715071785

[stellgod]

Buy low, sell high is an old but still effective strategy in trading whether it is stock, forex or cryptocurrency. Although it is very simple, it is difficult to execute. It is easy to say whether a certain price is low or high in retrospect, but in the moment it is monumentally difficult. Prices affect the minds and emotions of market participants. This kind of strategy take time to master and you study it carefully and patiently.

Buy low and sell high is a not a new technique and this is nice in the sense that it maximizes the profit margin that could be earned by doing the business. The lower you pay for purchase and the higher you sell, the more you earn. That is it is a good way to maximize the outputs.

Buying in bulk also lowers the cost of investment and hence is preferred when the cost of investment is high. This is possible in crypto right now as the market values of many potential coins are lower than what they had been before.

This is a golden rule working out and being implemented since ages. Even if you go some thousand years ago, I am sure the business icons and traders would had gotten profit from this rule. When you don’t buy things in low price and don’t see them at higher than that buying price, there would be no business for you. Hence, you are a trader and you need to work on it.

[KrishaBitcoin]

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!

Buy high and sell it low again is the most effective strategy of this bearish market because the prices keeps on fluctuating. This is good specially if you know how to ride on with the market movement with a perfect timing. All cryptos and exchanges are applicable for this way of earning then you may choose XRP, ETH and BCH as they are the most center of attractions in the market now.