onetrikpony said:
onetrikpony said:
langeo said:
I have a question about taking profits from Coinbase, I have a small amount of Bitcoin and Cardano, my average cost of Cardano is 1.20 I want to know if I should take the profit out and put in USD and leave there until Cardano pulls back under my average and then buy more , I know it’s within the realm of possibility that it might not go back that low but I think it will , any opinions would be appreciated, My position in both ADA and Bitcoin is only high hundreds.
ADA will probably find a temporary top when it gets in the $1.90-$2 range and a pullback could occur probably won't see $1.20 again anytime soon but anything is possible in crypto.You can always sell a % of your holdings and wait for a pullback It is usually best to ladder in and ladder out If you have 300 ada @ $1.20 $360 invested now worth $510 so if you sell 100 for $170 you have 200 left for $190 invested and $170 to rebuy on a dip or to buy another coin That is 1 strategy
You can also sell into btc instead of USD then if btc goes up you make those gains and you can rebuy using btc as well as USD
Remember every trade on coinbase carries a hefty fee if you are going to be trading look into a coinbase pro acct or a Binance US acct to save on trading fees