Sell high, i get it but how?

[rafter_01]

Hi All,

All the Crypto experts are always banging on about selling high, which is in most cases is correct, but i don't really get how someone can lock in the profits.

If i sell, do i convert the coin back to BTC for profit? How does someone make profit because most of the time when coins dump so does BTC! so how does someone secure profits?

What do you peeps do? I'm slightly confused.

Thanks

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[rosered]

I didn't look at it. I saw it above board. Set an ideal goal for yourself and sell it.

[Daddyj2]

1st you could trade thru USDT as USDT don't much change in value even if BTC price decreases. I see a lot of people doing this kind of trades but there are only few alts that you can pair with USDT so you need BTC/LTC/ETH/DOGE to trade other Alts.

2nd if you will use other coin to trade other than USDT like BTC as most of the people. You don't count what te value of your holdings by USD you will count it as satoshi. If you trade thru BTC the goal is to increase tour satoshi not the USD value.

[Jimmy palumbo]

Most of the time you have to remember that when people are crazy, you should consider selling.
And when people start to hesitate,you should consider buying.

[vlad230]

I think the best thing to do is to read a lot of news related to crypto and check the roadmap for your coins. This will get you an idea on where the price will go and you can define your selling/buying points.

1st you could trade thru USDT as USDT don't much change in value even if BTC price decreases. I see a lot of people doing this kind of trades but there are only few alts that you can pair with USDT so you need BTC/LTC/ETH/DOGE to trade other Alts.

2nd if you will use other coin to trade other than USDT like BTC as most of the people. You don't count what te value of your holdings by USD you will count it as satoshi. If you trade thru BTC the goal is to increase tour satoshi not the USD value.

I think you will always have to trade through BTC or ETH since USDT is not available for all coins and it's not really relevant to track the USD price for your portfolio. You should always set your selling/buying points in btc or eth.

[rafter_01]

I have ADA and it has its pairing with USDT. I think a dump is due so I have sold some ADA and waiting to buy more ADA on the cheap.

Thanks

[saganpav]

I think you will be able to record your profit in dollars if you trade the BTC to a dollar. This is the best way to protect your assets from the big fluctuations of BTC. But unfortunately, not all coins are traded in the BTC / USD pair.

[Casmania]

I think the best thing to do is to read a lot of news related to crypto and check the roadmap for your coins. This will get you an idea on where the price will go and you can define your selling/buying points.

1st you could trade thru USDT as USDT don't much change in value even if BTC price decreases. I see a lot of people doing this kind of trades but there are only few alts that you can pair with USDT so you need BTC/LTC/ETH/DOGE to trade other Alts.

2nd if you will use other coin to trade other than USDT like BTC as most of the people. You don't count what te value of your holdings by USD you will count it as satoshi. If you trade thru BTC the goal is to increase tour satoshi not the USD value.

I think you will always have to trade through BTC or ETH since USDT is not available for all coins and it's not really relevant to track the USD price for your portfolio. You should always set your selling/buying points in btc or eth.

Yes, I  agree that when you buy coins either BTC or ETH, you must see too it that you should buy during bear market and sell it during the bull market where this is usually done by the experts on crypto currency market.

[traderethereum]

Hi All,

All the Crypto experts are always banging on about selling high, which is in most cases is correct, but i don't really get how someone can lock in the profits.

If i sell, do i convert the coin back to BTC for profit? How does someone make profit because most of the time when coins dump so does BTC! so how does someone secure profits?

What do you peeps do? I'm slightly confused.

Thanks

maybe I can give some example. you want to buy doge at 60 satoshi with 0.01 btc. and you get 16666.66666666 dogecoin. and if the price of dogecoin increase at 80 satoshi and you want to sell all of your dogecoin, then it will be 16666.66666666 x 80 satoshi = 0.01333333 btc. so there are a different from what you spend to buy dogecoin and it will be 0.00333333 btc and that is your profit. you can keep your profit or you can use to buy another coin. and if coins get dumps then it will get pump again in someday and even if at that time we are getting lose our value, we can recover when the price increase back.

[infested]

Hi All,

All the Crypto experts are always banging on about selling high, which is in most cases is correct, but i don't really get how someone can lock in the profits.

If i sell, do i convert the coin back to BTC for profit? How does someone make profit because most of the time when coins dump so does BTC! so how does someone secure profits?

What do you peeps do? I'm slightly confused.

Thanks

When your alts rise sell them directly for FIAT if you your exchange allows it or sell them for BTC and instantly sell BTC for FIAT afterwards.

Other people sell alts for USDT (Tether) but i would avoid that since its almost certain its a scam coin.

After the market dips use again your FIAT to buy alts at the new lower prices.

[WalkerIVIV]

Hi All,

All the Crypto experts are always banging on about selling high, which is in most cases is correct, but i don't really get how someone can lock in the profits.

If i sell, do i convert the coin back to BTC for profit? How does someone make profit because most of the time when coins dump so does BTC! so how does someone secure profits?

What do you peeps do? I'm slightly confused.

Thanks

The kay is about to become patience dude. you don't need to convert your amount to the bitcoin and the only thing you must do if you have sold your token at peak and then be patience by put lower order and remember it needs some analyzation. I've sold CRPT when it was reached its peak and then i buy again when the price gets rekt and i have doubled my amount. If the problem is about when? and you should learn more how to read the pattern.

[CryptoTamer]

Hi All,

All the Crypto experts are always banging on about selling high, which is in most cases is correct, but i don't really get how someone can lock in the profits.

If i sell, do i convert the coin back to BTC for profit? How does someone make profit because most of the time when coins dump so does BTC! so how does someone secure profits?

What do you peeps do? I'm slightly confused.

Thanks

Profit is not always about the amount of FIAT that increases , so what kind of profit do you want?
-, Take your profit to BTC if you trade to increase your Bitcoin amount, 
-, Take your profit to FIAT if you want profit in FIAT   

But there are several factors that make traders prefer trading in Bitcoin pair Altcoins
-, Exchange services do not provide altcoins exchange for their traditional currency
-, Altcoins option on FIAT pair Altcoins is less if compared with Bitcoin pair Altcoins market
-, Trading volume

[tycsols]

If you sell an altcoin at a higher price against bitcoin then you get more bitcoins, it is simple forget about usd, if your aim is to grow your usd then i suggest you to trade in fiat that is usd or usdt that is provided by some exchanges.

[macchiato]

If you want security then convert your tokens into US dollars. They are much more stable compared to crypto currencies like bitcoin or ethereum and as you mentioned, you are not quite a fan of its price fluctuations. US dollar is your safest bet in times of market fluctuations.

[OluwaTosin10]

Hi All,

All the Crypto experts are always banging on about selling high, which is in most cases is correct, but i don't really get how someone can lock in the profits.

If i sell, do i convert the coin back to BTC for profit? How does someone make profit because most of the time when coins dump so does BTC! so how does someone secure profits?

What do you peeps do? I'm slightly confused.

Thanks

I think the easiest way to go about is it to sell the coin back for BTC OR ETH, then you exchange for fiat.


Most times, crypto experts means, to sell when it is really pumped up, which brings more profit in value; thereby corresponding value in fiat.

In other words, you can also place a sell order at a conveniently high rate, so when the coin moons, it will pump up and you get your profit equally.
don't be confused, make the decision swiftly

[daenarys_stormborn]

actually it is very easy, but it takes precision, when bitcoin is at the highest price, we have to sell it immediately, and wait for bitcoin to fall again, then buy it, and sell it again when it has gone up again, but the difficult thing is to determine when bitcoin is at the highest price and when at the lowest price

[ShadowBits]

Hi All,

All the Crypto experts are always banging on about selling high, which is in most cases is correct, but i don't really get how someone can lock in the profits.

If i sell, do i convert the coin back to BTC for profit? How does someone make profit because most of the time when coins dump so does BTC! so how does someone secure profits?

What do you peeps do? I'm slightly confused.

Thanks

Usually most of the traders are waiting for the days that all of the coins turns into red and eventually all of those coins will be back on green.

[Stalin645]

This market is very unstable and it is difficult to fix profits at the maximum price increase. just designate for yourself the price that suits you and sell it. better small profit than losing everything

[hhussain]

I think you are new to this market and do not have much knowledge about this market. So I will recommend you to first learn about trading more and you will understand all the things and I will recommend you to start trading in USD pairs in this you will have less confusion in trading.

[bstewart]

Hi All,

All the Crypto experts are always banging on about selling high, which is in most cases is correct, but i don't really get how someone can lock in the profits.

If i sell, do i convert the coin back to BTC for profit? How does someone make profit because most of the time when coins dump so does BTC! so how does someone secure profits?

What do you peeps do? I'm slightly confused.

Thanks

There's literally no way to know where the top or bottom are, unless you are a massive whale manipulating the market.

With that being said, you can still make wise decisions like not chasing/fomoing, and buy-in when coins are cheap and haven't gone 5000x