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.