As a 5 years of experience i tried every method for waiting optimal profit. Waiting just with a hold of any coin is not very good at short and mid-term time intervals. Generally holders wait for historical rise but it comes in 3-4 years or maybe more. So even if you wait for that rise you can gain something on short and mid-term time. Basically i assume you have some coin just sell some of them on a small rise period, price is moving with 6k-8k for a few month so when you see 7-8k prices start to sell dont sell all but some of them should be great. Even if it rises after you sell you are now waiting it to fall , and short time period it always falls just wait 1-2 months low and buy even if it drops more you basically gained profit. So if you can read some trend moves you can invest mid-term so you dont have to hold for years. If price starts to rise historically then it is time to buy.
I agree. I say that because fiat or money is still the king of all currencies. As much as cryptocurrencies are making a name for itself in the global market and in the business sectors of many countries, paper money is still the mode of payments that's relied on by many and that's trusted by most people. Therefore, it would be easier to have it for all other expenses, because at the moment, cryptocurrencies are not yet in a state that it is widely used by many people, and also, its main use currently is an asset that is held for profit and not really like a currency.