So with the current peak on Bitcon, Ethereum (and nearly all of my alt coins) is it wise to:
1) Take out the profit to either bank or reinvest when there is another dip
2) HODL in the hope that it keeps rising and rising
Take a profit and part of the profit is used to buy back at a cheap price and hold it until it makes profit again. easy as that
No, that is not as easy as we imagine because we never know when the cheap price will come. Besides that, if you see the low price at the coin, that doesn't mean the price will not go down for more because we see the price can jump to the lowest price many times. That is just one strategy to take profit before the price gets correction and goes down so we can use some profit to buy back.