So I have seen Coinbase is the main "source" for buying/selling BTC, but I was wondering if anyone has used the method of converting bitcoin to another currency when it reaches a high point, then converting it back to BTC when it is low enough.
If so, what wallet(s), exchanges, etc. are you using? And more specifically, what crypto do you recommend converting BTC to, in this situation?
Any help is appreciated!
You should consider that in some point doing this is a kind you need to take a risk. There is always gambling but then when you are lucky enough you will win. When you already lose surely you will sell it in low price.
That is a very common thing in the auction markets as well where to minimize the average cost of commodities, people buy things in bulk which pays a lot after selling them. Same is the case here but in a different scenario which is due to the down market that the costs are down.
So of course it is a chance to make money which is worth utilizing. Moreover, the most desirable strategy should be to hold until you are able to make profit. Now is the best time to make this happen.