Source
r/VertcoinTrader•
robv60

Someone help me out

Ok, I'm having a little trouble wrapping my thick brain around this so if someone could explain how this works Id really appreciate it.

If after the fork BTC gets sold off as seems to be the general consensus and Alts rise, including VTC, once VTC hits a peak and is at a good sell point, why sell at all if you're going to have to sell back into BTC at a low point? Ok, sure, you sell into BTC and it (hopefully) goes back up thus earning you more but.... Would it not be better to convert to say, LTC - assuming LTC doesn't go up much. I'm just not understanding something simple here....

My hope would be to have LTC rise quickly while VTC lags behind wherein I can convert more of my LTC over to VTC and catch the ride up on VTC, or vice versa. Doing the opposite would behoove me more since I can more easily cash out my LTC into cash if need be. Is there a way to convert or sell VTC into USDT that Im not aware of on Bittrex? I converted ~2 LTC to VTC back when it was <$1.00 so I'm holding a pretty penny worth of VTC right now and ALMOST converted all of my LTC to VTC during the last huge dip in Sept. Wish I would have.

Posted Nov 5, 2017, 7:54 PM UTC

106
Wolfofmillenials•

If you convert it back to BTC you’ll be able to buy more BTC than you originally could. Get it?

5
forsayken•

Just have to run some math to see if selling off VTC to BTC is still netting you a gain in terms of USD. Otherwise, you may be selling VTC at a higher BTC value than, say, now, but if BTC is down in terms of USD, you may not gain.

3
watchedtheboatsail•

You dollar price average in. Gradually buy the coin (BTC or B2X) that you think will gain BTC's original value. Don't buy back in all at once, in case you are wrong.

2
abbeyeiger•

buy low - sell high.

so you do that with your vtc post fork. and you end up buying btc low by doing it. then btc rises and you sell.

step. 4?

step. 5 - profit$

of course if btc does not rise after you buy then step 5 is toast. and it very well could drop more after you buy btc -- but you have to assume it will go back up if you intend to hold it for profit. otherwise sell the btc immediately into cash or another coin you feel will rise.

1
DaddyNewYork•

B2x will be sold off and btc will hover around its future ATH then taper off and the alt coins will pump including vert.

People will sell b2x and buy btc to then buy alts.

B2x may pump like bitcoin cash but who knows. I'm not touching that shit

1
_moto•

Do not touch USDT.

https://www.reddit.com/r/CryptoCurrency/comments/6y8c3m/tether_has_the_potential_to_bring_down_the_entire/

1