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10,000 to invest - possible to buy and sell quickly?

  • 21-12-2017 8:57am
    #1
    boogerballs
    Registered Users, Registered Users 2 Posts: 188 ✭✭


    Hi,

    I am new to the whole Cryptocurrency lark - have only been testing the waters with some low priced coins such as Cardano, Ripple, IOTA and Verge.

    I have seen some pretty big rises on the overall investment which has been pretty modest (roughly about €1500 invested) so far.

    Anyway, I have €10,000 that I want to try some proper trading. My question is how easy is it to sell coins. e.g. If I bought €10,000 of Cardano today and by next Monday they were up to €15,000 could I sell them easily enough. I don't mean the actual process of trading on an exchange but would there be buyers looking to buy or is it a case that you could be left with a load of coins and not necessarily have anyone looking to buy them?

    Any advise would be great.
    Tagged:


Comments

  • #2
    GreeBo
    Registered Users, Registered Users 2 Posts: 27,370 ✭✭✭✭GreeBo


    boogerballs wrote: »
    Hi,

    I am new to the whole Cryptocurrency lark - have only been testing the waters with some low priced coins such as Cardano, Ripple, IOTA and Verge.

    I have seen some pretty big rises on the overall investment which has been pretty modest (roughly about €1500 invested) so far.

    Anyway, I have €10,000 that I want to try some proper trading. My question is how easy is it to sell coins. e.g. If I bought €10,000 of Cardano today and by next Monday they were up to €15,000 could I sell them easily enough. I don't mean the actual process of trading on an exchange but would there be buyers looking to buy or is it a case that you could be left with a load of coins and not necessarily have anyone looking to buy them?

    Any advise would be great.
    The only way you are buying today is because others are selling.
    The question is what price you week sell at.
    If you all below market price, someone will buy them.


  • #3
    seannash
    Registered Users, Registered Users 2 Posts: 5,672 ✭✭✭seannash


    Id make sure you are Tier 2 verified on all exchanges before you attempt it.
    If you are not you wont be able to withdraw to fiat when you need to


  • #4
    boogerballs
    Registered Users, Registered Users 2 Posts: 188 ✭✭boogerballs


    GreeBo wrote: »
    The only way you are buying today is because others are selling.
    The question is what price you week sell at.
    If you all below market price, someone will buy them.

    Is it not the case that if I buy at $1 and the price goes up to $1.50 I can then sell at $1.50 to anyone who is looking to buy in at that point?


  • #5
    Bigmac1euro
    Registered Users, Registered Users 2 Posts: 1,476 ✭✭✭Bigmac1euro


    boogerballs wrote: »
    Is it not the case that if I buy at $1 and the price goes up to $1.50 I can then sell at $1.50 to anyone who is looking to buy in at that point?

    Yeah you can but it may take a while and during that time the price could drop,
    Sell at 1.48 should get rid immediately.


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