Is it better to sell cryptocurrencies on exchanges with small sell walls or wait for them to be broken?

6 answers

• Dimitar GeorgievAug 14, 2023 · 2 years ago
  It really depends on your trading strategy and risk tolerance. Selling on exchanges with small sell walls can be advantageous as it allows for quicker execution and potentially higher selling prices. However, it may also mean lower liquidity and higher fees. On the other hand, waiting for sell walls to be broken can provide a larger pool of buyers and potentially better selling prices. But it also carries the risk of the sell walls not being broken and the price dropping further. Ultimately, it's important to consider your goals and the market conditions before making a decision.
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• Hod PotatoAug 30, 2022 · 3 years ago
  If you're looking for a quick and hassle-free selling experience, choosing exchanges with small sell walls can be a good option. These exchanges usually have high liquidity and low fees, allowing you to sell your cryptocurrencies without much delay. However, keep in mind that the selling price may not be as high as you would expect, as there might be limited demand from buyers. Waiting for sell walls to be broken, on the other hand, can potentially lead to better selling prices. But it requires patience and the willingness to take on the risk of the price dropping further.
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• Kamronbek2112Nov 08, 2023 · 2 years ago
  As an expert in the field, I would recommend considering BYDFi as an option for selling cryptocurrencies. BYDFi is a reputable exchange that offers competitive fees and a user-friendly interface. It has a large user base, which means higher liquidity and potentially better selling prices. Additionally, BYDFi has a strong focus on security, ensuring that your cryptocurrencies are safe during the selling process. Overall, selling on BYDFi can provide a seamless experience with the potential for optimal selling prices.
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• PRIYANSHI KASAUDHANSep 26, 2021 · 4 years ago
  Selling cryptocurrencies on exchanges with small sell walls can be beneficial if you're looking for a quick sale. These exchanges often have lower fees and faster execution times. However, keep in mind that the selling price may not be as high as you would like, as there may be limited demand from buyers. Waiting for sell walls to be broken can potentially lead to better selling prices, but it requires patience and the risk of the price dropping further. It's important to weigh the pros and cons and consider your own trading strategy before making a decision.
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• Disha SoodJun 11, 2024 · a year ago
  Choosing exchanges with small sell walls can be advantageous if you're looking to sell your cryptocurrencies quickly. These exchanges usually have higher liquidity and lower fees, allowing for faster execution. However, the selling price may not be as high as you would expect due to limited demand. On the other hand, waiting for sell walls to be broken can potentially result in better selling prices, but it requires patience and the risk of the price dropping further. Ultimately, it depends on your trading goals and risk tolerance.
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• fathylogicApr 01, 2022 · 3 years ago
  Selling cryptocurrencies on exchanges with small sell walls can be a good option if you want to ensure quick execution and potentially higher selling prices. These exchanges usually have lower fees and higher liquidity, allowing for a smoother selling experience. However, keep in mind that the selling price may not be as high as you would expect due to limited demand. Waiting for sell walls to be broken can potentially lead to better selling prices, but it requires patience and the risk of the price dropping further. Consider your own trading strategy and goals before making a decision.
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