Swap crypto or sell first then buy?
Swap crypto or sell first then buy?
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?
Take profit when you’re happy, some people always think what if, loosing their chance to gain, this is always the problem with some traders, but if you are a holder, and expecting more on what you have, be ready to accept when the price move’s up and down, its like getting tortured every time the price moves, that is why some people really don’t look at their portfolio everyday, they just come back after a year or so.
Most times, swapping to other currencies using the convert option in an exchange always happens a bit below market price since the swap is a no-fee conversion.