most of what you said has nothing to do with ETF then why did you put it in the title!
there tightened conversion controls in an attempt to curb capital outflows.
that may have been one of their reasons but the main reason for what Chinese authorities did is to regulate these exchanges and start fighting money laundering.
What strategy are you putting to profit specially in trading bitcoin?
Are you holding your bitcoin right now and will dump in later?
or are you just buying bitcoin and dumping it as soon as you
see profit ala arbitrage?
Can you please share your thoughts?
i am always a long term holder, these ups and downs you see and get excited (such as 14%) are too small for me. i am holding bitcoin for prices that are going to happen in a couple of years.
but right now i also sometimes do some short trading to take advantage of super volatility when it is happening. which for me it means selling after a spike and buy back more coins after a calm down.
That is right. I also hope the bitcoin price is low now so that I can buy more before the price rise.