Swap crypto or sell first then buy?

[leonair]

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?

Always you should swap your token to stable coin like USDT and then you can buy another coins you want. Usually the coins and tokens are in USDT, BTC, BNB, ETH pairs so you cannot directly swap any of your tokens with other tokens or coins even if you want to.  So if you swap your tokens to stable first and then buy another token you will have a good measurement of how many dollars it cost you per token if you always calculate $ for your profit

[Bravut]

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?

Always you should swap your token to stable coin like USDT and then you can buy another coins you want. Usually the coins and tokens are in USDT, BTC, BNB, ETH pairs so you cannot directly swap any of your tokens with other tokens or coins even if you want to.  So if you swap your tokens to stable first and then buy another token you will have a good measurement of how many dollars it cost you per token if you always calculate $ for your profit

Well said Mate. 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.

[oktana]

I think I am just going to cash out every $3 it goes up from now on.

I have seen price predictions for this bull run from $10 - $50 so I will leave 1000 till the peak of the bull run and hope it is closer to $50

Well, I am wondering what you would do if you take $3 cash continuously for 5 times and then the price goes down, where do you define as your stop so you continue taking $3 gain? $3 from the dip? Or does the dip need to clear and get back to the amount it was, then you wait for $3 gain on that? For me I think a best to have a target which can be hit at once instead of taking the gain in such small bits.

[JamesDaniel90]

I think I am just going to cash out every $3 it goes up from now on.

I have seen price predictions for this bull run from $10 - $50 so I will leave 1000 till the peak of the bull run and hope it is closer to $50

Well, I am wondering what you would do if you take $3 cash continuously for 5 times and then the price goes down, where do you define as your stop so you continue taking $3 gain? $3 from the dip? Or does the dip need to clear and get back to the amount it was, then you wait for $3 gain on that? For me I think a best to have a target which can be hit at once instead of taking the gain in such small bits.

Im not 100% sure but think you misunderstood me.

I mean I will take profit every time the price of Arcblock increases by $3.

So it is currently at $4 , so when it gets to $7 I will take some profits , when it then gets to $10 take some more.

[Dr.Osh]

If you really want to immediately own your target coin, then exchanging it directly is the best thing. However, if you feel that the price of the coin you currently own will fall, and still want to wait for your target coin to have a suitable price, then exchanging it for USDT first is a good option. However, it all depends on you. If it is at the same time, then both are the same thing, but it would be better if you swap directly.

[Bushdark]

It all depends on the means you are using to swap or sell your coins. If you are using an exchange, it will be more easy for you adon't have to sell before you swap the coin. If you are using a wallet then you would have to swap with gas fee which could be bigger depending on the amount and what network you are using. If you are using a network that requires higher gas fee the you will have to pay more for the transaction to be completed. It all depends on our  choice

[Churchillvv]

If you really want to immediately own your target coin, then exchanging it directly is the best thing. However, if you feel that the price of the coin you currently own will fall, and still want to wait for your target coin to have a suitable price, then exchanging it for USDT first is a good option. However, it all depends on you. If it is at the same time, then both are the same thing, but it would be better if you swap directly.

  I think I also have the same initiative here but I would rather OP hold the current coin as long as it is not failing yet but if op thinks the coin is holding currently is about to fall then swapping directly would be the best advice but if the otherwise then he should split the coin swap the other part of the coin then still hold the coin because one does not know what way the market goes.

It might end up going high after op decide to swap or sell which will end up in regret so I suggest op still holds the coin in the meantime swap the rest for the new project which he thinks is better or wil do higher. As long as profit is what we aim at then op should do the best he can just to maximize profit.

[Mrbluntzy]

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?

Do the one that is more easy for you, it's just the same thing. If you want to spend all the profit from the other  investment, you can just swap to the new asset you want to own but if you to want to spend all, only swap the amount you want to the new token. If you swap directly, you will only spend a one time fee but if sell and buy back that's twice fee you spend.

[Stablexcoin]

The transaction fee that may be charged if you swap directly from one particular coin to another may be kind of higher than when you convert to a stablecoin before buying the desired coin. I would have told you to find out but it is not worth taking the risk. Do as others have advised you to, first swap to stable coin before swapping back to the new asset you want.

[oktana]

I think I am just going to cash out every $3 it goes up from now on.

I have seen price predictions for this bull run from $10 - $50 so I will leave 1000 till the peak of the bull run and hope it is closer to $50

Well, I am wondering what you would do if you take $3 cash continuously for 5 times and then the price goes down, where do you define as your stop so you continue taking $3 gain? $3 from the dip? Or does the dip need to clear and get back to the amount it was, then you wait for $3 gain on that? For me I think a best to have a target which can be hit at once instead of taking the gain in such small bits.

Im not 100% sure but think you misunderstood me.

I mean I will take profit every time the price of Arcblock increases by $3.

So it is currently at $4 , so when it gets to $7 I will take some profits , when it then gets to $10 take some more.

I understand better now. Yet, what I am still asking is that assuming it gets to $7 and you take profit, then $10 and you take profit, then it falls back to $3, when will you take the next profit? $13 or $6?

[poodle63]

check slippage percentage you might find the swap platform lacking liquidity that causes there to be some big slippage that can cut some of your money, also check the fee required to execute transaction as well and see whether your really want to swap it instead of using exchange, personally I just use exchange its just a lot more convenient for me, no need to think about slippage percentage and fee, just fill in some buy or sell order then its all set and there's more likely close to zero fee so its really not gonna hurt if you just trade your investment into stablecoin occasionally since if we are talking about making profit its also better to cut down fees so that it don't eat our profit.
just imagine if ethereum gas price were still 30 gwei with current ethereum price its gonna cost you around $50 to swap alone that already eating up your profits and also without taking into account things like slippage which happens a lot to a coin with low liquidity provider in swap platform like uniswap.

[kotajikikox]

The transaction fee that may be charged if you swap directly from one particular coin to another may be kind of higher than when you convert to a stablecoin before buying the desired coin. I would have told you to find out but it is not worth taking the risk. Do as others have advised you to, first swap to stable coin before swapping back to the new asset you want.

I think both transactions would have high transaction fees especially if you are making transactions in a centralized exchange so I think you will just be doubling the transaction fees if you switch to a stablecoin first. The transaction fees would also depend on what specific stablecoin you want to switch on to. I think it would be better to just swap directly.

[Fara Chan]

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?

In terms of the ending it may be the same and there is no significant difference in that because in the end you just want to exchange the old altcoin so you can buy a new altcoin on the market. And it wouldn't be wrong for you to choose the option of selling the old altcoin for USDT and then using the USDT to buy another altcoin, because currently there are still quite a lot of USDT pairs among all altcoins. However, if you have the option to exchange it directly, I think that is also better as long as you don't incur excessive fees for this action.

[yazher]

It's better to sell first and get some decent income from your profit and buy some things that make you remember your successful stories as a crypto investor and that will make you motivated to wait for a bull run next time or for the price to increase. Also, you can spend it on other things like investing it in some small business which you can do in your place because others have bought agricultural lots with their earnings to make their investment expand further without focusing on cryptocurrencies at all. Because converting it all into other altcoins is risky and not recommended.

[Freddie Boyer]

If you want to do a swab first look at the value you are swabbing and target a coin that really has a good chance of buying it later, or if the price is high, convert it to USDT first while waiting for your target coin to drop even lower.

I don't think we will lose if we don't make a purchase for just one day and survive for a while with USDT. When it's time, buy back into your trading account for the coin you want.

[andyou1234]

In my opinion, if the coin you are holding has made a profit, it's best to sell the coin first and buy another coin that has the potential to provide a profit in the future, but if you want to exchange the coin for another coin then you're afraid, the transaction fees that may be charged will be very large later even if you exchange it for a stable coin first such as USDT,

[Jose Mourinho]

In my opinion, selling first and buying another coin is a better way than exchanging it for another coin, because the gas costs of selling and exchanging have different costs and it is clear that selling is lower than exchanging.

[Asiska02]

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 have made a profit in your investment already, so it is better you sell it for USDT first. Wanting to invest in another altcoin immediately after earning profits from your earlier investment is not advisable now. Other altcoins you want to invest in, do as much research about them to know their potential of giving you plenty profit in the long run just as this one has given you. If you think too much about the transaction fees to buy later, that would only make be at an higher risk if you’re not sure of the coins potential that you’re swapping to. Take your time to get as many confirmations before continuing with the choice that will give you good profit. The good part of the initial investment is that, your aim of investing to get profit has already been achieved, so take your time before making the next choice of investments because of the long time effects of altcoins of not trusting very well for a positive outcome after investment.

[DiMarxist]

If there is swap option then I advise you to do that because if you sell it, the total coins will not complete and after selling them and you buy the coin you are talking about or like to swap. The total number will not complain again because the buyer must have his cut for the profit would make so the best way to go about this is to swap it and not to sell and reinvest again that will not benefit you.
And I will say you should stay (invest) were you are because you don't know the outcome of the project you want to swap to. If the coin or token is doing well for you, just sell it and take the profit.

[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.