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
That's why there are coins that has fix in value like USDT. If you participated in an ICO and thinks that it is a good time to sell them you can trade them to either ETH or BTC. If the value of both coins is at a high one, and you think that the market will drop again, you can exchange them to USDT or tether. USDT is the same value of US Dollars with only minimal increase or decrease in value. If you are planing to remove the coins out of crypto world just exchange them to fiat which is much safer.