/biz/ - Business & Finance

>>6679553
>Is it by selling for a different coin that can be traded for cash?
Yes. Remember, I said that I always keep my day trading account as liquid as possible (within reason) by using ETH. Whenever I'm done with a trading session, I should be holding 0 altcoins (keeping in mind that long term investments are kept separately). Before I close my trading platform for the day, my money is all back to ETH--ideally with a modest increase in Wei.

When it comes time to take some profits, just account for how much you'd like to have total, factor in the withdrawal fee from something like Binance, KuCoin, Bittrex, etc. as well as the Coinbase/GDAX fee.

>Take ETH and withdraw to GDAX account
>Use ETH/USD pairing on GDAX to cash out ___ amount.
>Transfer USD holding on Coinbase/GDAX to your linked banking account.

The "you can't cash out" meme is just that: a meme.

But plan your moves, anon. The worst thing you can do as a day trader is go into the market without a plan. Plan your entry, stop-loss, exit, and point where you'll take some profit. If you don't you're likely to have gains minimized tremendously by fees just for not having the foresight/patience to plan accordingly.

>>6679670
Really you should store it on BEEEECONECCCCCCCCCC for comfy daily gains. :^)

>>6573062
>>6573197

Oh my god, I just realize that Carlos Martos is actually Tuco after he got into the crypto game.