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RE: Crypto Dives AGAIN? Trading and Some Warnings
love your videos, i was investing on crypto for 1 month now, sadly i jump on a bad wave and i lost about 400 usd, but hey, i'm holding :)
i have a question (lame question)
as example:
i buy BTC when it was 16.000 usd and now it ist 10.000Usd, can i still trade btc to another altcoin now? or i will lose money if i trad'it below my purchase value ?
keep the good work
Im was exactly in the same situation as you, bought at the December peak and saw 20% or around 400USD wiped. I pulled out a few days ago, because I couldnt take it :D
When I get more free funds Ill go back in tho
As for buying altcoins - you can, you wont loose money on that particular transaction - the exchange rate between coins is what it is. During tough times BTC or ETH tend to hold their value more though, so altcoins are insanely risky right now
Best of luck and HODL