Quote from: Godday on Today at 04:11:12 PM

Quote from: Mate2237 on May 20, 2024, 09:02:43 PM

I sold some of the percentage of Bitcoin to invest in Ethereum and I can see the loss I made from the investment. I invested in Ethereum when the price was $3,658 and that is about 4 month now and till now the price has not reached $3,400 and I have sold 20% of the investment as lost price. Jumping from one coin to another is very dangerous. You can lost everything in the process.

And now ETH has hit 3,700 dollars. This means you have made a small profit if you still hold it. Maybe this is not a big profit because you bought it at $3,658. But this proves that if you have a conviction and you use cold money then you can still make a profit in crypto.

Jumping from one project to another is very risky. I prefer to stay in one project but it is a project with good fundamentals because I like to hold coins for the long term.

with spot trading or investment its always game of waiting, previous ath buyer of bitcoin already profit if they sell it now otherwise they lose same with ETH.
i personally never bought ATH but people could literally wait it out until price recover then they can avoid their losses but I think time is just too important for some people.

Quote from: woez on Today at 03:40:51 PM

Quote from: senyorito123 on Today at 02:55:11 PM

You can swap directly in an instant to see your profit as liquidity will show up once you hit the swap button, just make sure you have enough gas fee for the transaction. Using coinbase is reliable too, same with other cryptocurrency wallets like trustwallet, metamask and other trusted applications that caters swapping.

That's right and the platform you mentioned above provides swab services too. I often do this using metamask which is simpler, easier and faster without needing to connect here and there.

As for gas costs, it depends on the network, if it's busy, of course it's a bit expensive, but if you use BSC, I think it's still quite standard.

Just OP executes if he wants.. Grin

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even ethereum right now having affordable gas already after the new dencun upgrade if im not mistaken where L2 right now can officially submit their transaction to main blockchain without the need to pay high gas fee.
it does helps a lot in swapping and I think whether exchange or swapping right now doesn't really have any difference.