Buy low sell high?

[Adrian]

So I have seen Coinbase is the main "source" for buying/selling BTC, but I was wondering if anyone has used the method of converting bitcoin to another currency when it reaches a high point, then converting it back to BTC when it is low enough.

If so, what wallet(s), exchanges, etc. are you using? And more specifically, what crypto do you recommend converting BTC to, in this situation?

Any help is appreciated!

[topicmaker]

Of course,This is the most logical thing to do.but things are not always going as desired.but when the prices drop, I get a little more than coin in my hand, the right strategy

[JSD10M]

Yes, I have done that. It is actually a good strategy is you want to increase your holding. You can actually do the same strategy when the market is crashing. You do not have to use a different wallet, just sell BTC to USD then buy back BTC using USD when it drops

[Beattysuhita]

If I myself will use a long-term strategy, because I invest in botcoin to wait for cheap prices, because I saw from yesterday here, bitcoin trading is great to wait patiently for a higher selling price 'so I will also get more profits

[trofim21]

many say that this exchange was in the first places for a long time, and it was convenient to use it, but I saw an article that said that more than 70% of people left this exchange

[elkafi]

So I have seen Coinbase is the main "source" for buying/selling BTC, but I was wondering if anyone has used the method of converting bitcoin to another currency when it reaches a high point, then converting it back to BTC when it is low enough.

If so, what wallet(s), exchanges, etc. are you using? And more specifically, what crypto do you recommend converting BTC to, in this situation?

Any help is appreciated!

Yes I always do that, Buy when low ans sell when high. Hold when the market is red and wait.

[Zyarifa]

yes everyone will certainly do the same thing, I personally am more interested in such a strategy because it is logically more profitable

[cepot22]

yes of course this is the basis for treding to buy when cheap and selling prices when the price is expensive, when we have bitcoin we are simpled in the wallet first we make it when the price drops buy to btc

[UNIVERSE]

Yes, that's my strategy in Bitcoin. Almost all Bitcoin users, including traders, also carry out strategies such as "Buy low, sell high". Because only with this strategy we benefit according to our wishes in trading in Bitcoin or other coins in this Crytpocurrency.

[ZionRTZ]

"If so, what wallet(s), exchanges, etc. are you using?"

Just check coinmarketcap which exchanges has the most volume, you can choose from there whichever you are comfortable using.

"And more specifically, what crypto do you recommend converting BTC to, in this situation?"
I use BTC-USDT pairing most of the time.

[emmanborromeo67]

I think its easy to low sell high like trade a coins example if the price of the coin is dump price it is good to buy and wait pump a price and sell if the price is goes down.

[JaymondStark]

It is hard to live as a day trader, especially in this market.

On the other hand, if you are a long-term investor, it doesn't matter if you bought high or low, (of course if you didn't buy shitcoins) it will be higher when you sell it.

[tamango]

I use in 90% of my coins an hardware wallet (Ledger Nano S) because it has a good safety. I think the best allocation you can have in your crypto portfolio is to divide it into few pieces in order to have all the main top 10 coins at least.

[Altcoinstalks User]

I tried this method once but not in coinbase but a similar one. Converting cryptocurrency to fiat at high and converting fiat to cryptocurrency at low. I did manage to earn .3% for 2 hours or so but it may be considered lucky.

[Unknown]

This is a basic method I always do when trading buy low and sell high via fiat, although my earnings are not so high you know, its okay