Post
Topic
Board Altcoin Discussion
Re: How to profit from altcoins collapses?
by
sulendra12
on 19/02/2023, 20:25:08 UTC
Is it possible to profit from collapses of altcoins? Do you have any ideas how to?
If you think you can't then would prefer to cut the losses and move to Bitcoin for your own sake.
Or with the big risk you can hold it when collapsed but it depends on how big the collapse is, it might take quite a while to reach the price back depending on how low it becomes when the event occurs.

I'd prefer to do stop loss and wait for a bit to buy if possible or do it in Bitcoin so I can recover it overtime. The strategy varies depends on every user in here.