💸 Coin Transfer — is it worth doing? 🤔

This is one of the most controversial points in crypto. It refers to transferring your coins to another asset (not a stablecoin) to increase profits.

Example from practice:

Recently, I transferred PIRATE coins to ETH — I wrote about it here

📌 At the time of the exchange:

- The price of PIRATE was $0.117

- ETH was $1850

- I received 0.077 ETH

⏳ 20 days have passed:

- Now PIRATE costs $0.062

- ETH — $2650

💰 Net profit: ~$60, simply by transferring from one asset to another.

And this is without considering additional actions.

⚠️ BUT it's important to understand:

- The larger the amount, the larger the potential income

- Such transfers do not always lead to a profit

- Personally, I only do this if the coin is in profit or at least at break-even from the average purchase price

🧠 Draw conclusions and always assess risks before changing one asset for another.