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
Even if you sell it to btc and the price of btc goes down, you have more btc than before so you can wait until the price of btc increase again or use it to buy the coin again cheaper. don't look at the usd value but look at the btc value, your goal is to have more btc than what you've started with. If you can also do btc price analys then it's better as you know when to convert it to usd for more profit. Look at the rsi, if it's overbought then it's the correct time to sell and reenter again later.