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
If they said sell high, it doesn't mean that sell crypto if the price reach the moon, the proper definition of Buy low and sell high is to buy tokens at low price as possible and sell it when the price goes back to normal or if the price is above your buying price. Lets make a scenario, example you bought btc at $7000 if it reach $8000 or higher it can be consider as sell high.