#coins

PROFIT TAKEAWAY - NEED TO CONSIDER IF IT IS REAL PROFIT!

For those new to coin, please pay attention to taking profits when participating in the cryptocurrency market. As I see it:

1. Purchasing coins with your local currency will often be converted into USDT (according to the USD exchange rate in the free market). And the USD price in the free market is often higher than the legally announced price of the local state in which you live.

So you have suffered a "loss" due to this difference. On the other hand, when buying coins, you will pay a fee to the exchange (apparently each coin will have a different fee, and perhaps it also depends on the time of purchase!!!)

And when you see your coin increase by a certain percentage, and you sell to take a profit, the transaction will also incur a fee, this fee is probably the same as the fee when buying. You will continue to pay another fee.

Some people, when they see some of their coins increasing, will "switch for free" to other coins, usually with coins that are decreasing to get the difference. However, in reality you still lose a small part of the difference. If you exchange the 2 coin positions when converting, you will be clear.

Therefore, when taking profits, you need to carefully consider the fees and differences to know clearly whether you have made a PROFIT or a LOSS.

Some of the above opinions are my opinions drawn after observing the market and you guys FIGHT.

Good luck.