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NEVER CONVERT CRYPTOCURRENCIES!
When converting, you receive the market value, and this is the type of situation that only the most novice traders do. Conversion is only viable if you have, for example, small amounts that cannot be traded on the spot market.
Converting crypto on CEX is the equivalent of buying cryptocurrency on Fintechs like #NuBank , for example, places where you don't actually buy crypto; it's the same as still using training wheels on your bike.
You always need to trade with cryptocurrency. If you bought at price "A", place a sell order at price "B". You can even use a Trailing Stop to improve your profits, that way, you will always sell at the highest possible price.
You should always want to buy as cheaply as possible, to sell at the highest possible price. And this is only possible when you create your own sell order, either at a limit or through Trailing to follow the price trend, after analyzing the chart and defining the points (Converting is not the same thing, and anyone who thinks there is no fee is mistaken, since the value is already included in your operation. There is no free lunch).
In the#Spotmarket, you can afford to get stuck in a crypto, unlike futures. In other words, if you bought a crypto and got stuck at the top because it started to fall, you just need to be patient and wait for it to recover to sell at a profit (There is crypto and crypto! Getting stuck in a BTC is not the same as in a **DEX bitcoin that has a short lifespan).
Remember, you only sell at a loss if you want to, no one is forcing you to do so. The market is completely psychological. In the Spot operations classes, I mentioned the example of someone who bought $BTC at the top in November 2021, it took years for the person to get out of the loss and sell the position at a profit.
I see a lot of comments here from desperate people in the red. This happens most of the time because they simply go to the converter and make the change, without even analyzing the graph and understanding the current movement.
In short: learn how to buy and sell on SPOT!
When converting, you receive the market value, and this is the type of situation that only the most novice traders do. Conversion is only viable if you have, for example, small amounts that cannot be traded on the spot market.
Converting crypto on CEX is the equivalent of buying cryptocurrency on Fintechs like #NuBank , for example, places where you don't actually buy crypto; it's the same as still using training wheels on your bike.
You always need to trade with cryptocurrency. If you bought at price "A", place a sell order at price "B". You can even use a Trailing Stop to improve your profits, that way, you will always sell at the highest possible price.
You should always want to buy as cheaply as possible, to sell at the highest possible price. And this is only possible when you create your own sell order, either at a limit or through Trailing to follow the price trend, after analyzing the chart and defining the points (Converting is not the same thing, and anyone who thinks there is no fee is mistaken, since the value is already included in your operation. There is no free lunch).
In the#Spotmarket, you can afford to get stuck in a crypto, unlike futures. In other words, if you bought a crypto and got stuck at the top because it started to fall, you just need to be patient and wait for it to recover to sell at a profit (There is crypto and crypto! Getting stuck in a BTC is not the same as in a **DEX bitcoin that has a short lifespan).
Remember, you only sell at a loss if you want to, no one is forcing you to do so. The market is completely psychological. In the Spot operations classes, I mentioned the example of someone who bought $BTC at the top in November 2021, it took years for the person to get out of the loss and sell the position at a profit.
I see a lot of comments here from desperate people in the red. This happens most of the time because they simply go to the converter and make the change, without even analyzing the graph and understanding the current movement.
In short: learn how to buy and sell on SPOT!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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