Hi Friends,
I hope you all are enjoying the BTC ride
in Some youtube videos I heard some analysts talk about taking profits in bitcoin without selling bitcoin. some of them even said that they doubled their Bitcoin amount in this bullrun. They don't explain how exactly to do that.
I tried to research and can't find any way to do that in any of the exchanges I use such as kraken, bittrex or coinbase.
The only way I know of, to take profit of bitcoin bull run is to sell some bitcoin which means the bitcoin holding will reduce.
So, I am just wondering is it really possible to take profit without reducing bitcoin holding? Am I missing something here?
Thanks
I hope you all are enjoying the BTC ride
in Some youtube videos I heard some analysts talk about taking profits in bitcoin without selling bitcoin. some of them even said that they doubled their Bitcoin amount in this bullrun. They don't explain how exactly to do that.
I tried to research and can't find any way to do that in any of the exchanges I use such as kraken, bittrex or coinbase.
The only way I know of, to take profit of bitcoin bull run is to sell some bitcoin which means the bitcoin holding will reduce.
So, I am just wondering is it really possible to take profit without reducing bitcoin holding? Am I missing something here?
Thanks
as a trader you cannot actually gain profit when your not selling your assets, its is not efficient in gaining more income not to trade your investment, you better take the risk in order to double up your investments. Regarding those videos you watched in, actually doesn't matter at all, at the end of the day you will still be the one decide whether you trade or hold your assets and gain profit.