Hi I was wondering if selling when you think a dip is coming and buying back in at a lower price? I know it seems obvious to do such a thing if it increases your position in a coin but I've been told this is a risky strategy that requires timing the top and the bottom
It's a risky strategy because you could be wrong and the price may be nowhere near the top. It's a very good strategy to adopt if you have held a coin and you are already happy with your returns but believe in it for the longer term. You can take your profits and then if a good position comes to re-enter you can take it, if not you move on to something else.