How To Sell And Make Profit On Coins Exchange.

in #cryptocurrency7 years ago


All cryptocurrencies that have made it to the exchange market are listed on coinmarketcap.com these are currencies that can be traded. The secret is to look for coins that cost less than $1 and are listed in the top 100 on coinmarketcap. The top hundred coins are the ones with huge market capitalization and have the potentials to rise and remain relevant for a long time.

Once a coin of interest has been found on coinmarketcap, head back to Huobi.pro, click on exchange, market and search for that coin of interest. Lets assume that your found IOSToken, ELF or ITC. So then I will show how you can purchase this coin of your interest in the exchange platform.

From the image above, the side with the red arrow lists the IOST that have been put up for sale with the one with the lowest price listed first. The figures displaying alongside the coins include, price of each unit of the coin, amount of coin the seller has put it up for sale, the total cost of the whole coins the seller is willing to sell. All prices are listed in Bitcoin.

According to the market graph , an IOST coin costs $0.03 cent ; that means you will get more coins with $100 bitcoin. You will see that you investment might yield over 2000 units of IOST coin. After the purchase, you can either setup a sell order by fixing a price at which the system exchanges your IOST for Bitcoin on your behalf or you can have patient till the said coin appreciates and one more pice I need to add is that you shold not be in too much hurry to buy or sell your coins always monitor and study the market rise and fall strategy .

This is because the coin might appreciate to over $100 in three months and then you can decide to sell it. So then you will have 2000 units of IOST multiplied by $100. That will give a whopping $200,000 worth of bitcoin and then you will sell it in exchange market for real cash in your local currency. I believe at this point you can contest for the post of a mayor in your community. Hahaha! That was just for fun but I quess the concept really make sense.

So let go down on how to you sell your coins

Selling your coin is as simple as buying it. It involves exchanging your coin with Bitcoin and selling your bitcoins to local buyers who will pay you in your local currency.

To exchange your coin with Bitcoin in cryptopia, enter the name of the cryptocurrency you want to sell in the search field, click on it and enter the price you would want to sell a unit of your coin, enter the amount of coin you want to sell and click on sell.
credit : https://www.techsfair.com/2018/02/how-to-sell-and-make-profit-on-coins.html

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Thanks @techsfair for the information. After going through your post, I have started to develop interest in cryptocurrency. I'm looking forward to learn more about cryptocurrency.

Your welcome @aliyuussy .... i will only advice you trade wisely should in case your develope more interest and really wwant to venture into and i will also want you to know the post above is not aquarrentee to making income out of life hence there are risk attached in every businessRisk_dial_image_1.png

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BTCBitcoin9436.060$-5.69%-14.47%
ELFaelf0.774$-15.52%-34.0%
IOSTIOStoken0.020$-18.77%-44.25%
ITCIoT Chain1.025$-12.57%-49.24%

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