Post
Topic
Board Altcoin Discussion
Re: When Do You Take Profit From Your Altcoin Bags?
by
Pamadar
on 01/02/2021, 10:54:51 UTC
Just wondering what your strategy for taking profits on alts?
Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?
When you sell do you buy more BTC or Rotate into another Altcoin?

I take my altcoins bags profit in batches because that is the best way i trade. You should trade your altcoins against the most preferred pair that want; it could be a btc pair or a usdt pair. When i take profit; i convert my profits to usdt and re invest the capital into another coin. Makes it easy that way
It gives you the opportunity to grow your assets.

Bagging your profits depends from how you fully understand the market, as long as you are willing to take the risk and you study how the market will work for you, bagging your profits is like harvestin the fruits of your labor, the more you plant the more furits that you'll going to gain back.