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