Quote from: mbakruroh on Today at 06:33:02 PM

Quote from: JamesDaniel90 on May 16, 2024, 09:51:35 PM

Hi,

I have a few altcoins that are doing pretty well and want to take profits soon to then reinvest into other altcoins that haven’t pumped yet and I am wondering if it is best to swap directly or sell my altcoin that is doing well into USDT and then buy the new altcoin I want with the USDT?

I use Coinbase mainly so wondering which way is best to do it or is there not really much difference?

You must be able to ensure first that your next choice is the best choice. Because selling a coin that is performing well, then buying a coin with a low level of popularity, will lead to disappointment. Coins with high levels of price fluctuation can certainly easily generate profits.

If you have got a coin that is performing well, I think if you want to take profit then it would be better if you took some of the profit, but if you are sure about the performance of the token then it is better for you to keep some of it. So you won't miss the opportunity if it turns out that the token rises again at a higher price. But you have to understand the risk that there is a possibility that an altcoin that you think is good will actually have bad performance in the future. If that's the case then taking all the profits is the best choice.