We're currently experiencing a bear market phase. How do you intend to secure profits once the market undergoes a turnaround? What proves to be the most formidable obstacle in executing this strategy? If your intention isn't to convert profits back to fiat, kindly explain your philosophy regarding this choice. Newbies in this platform like me could gain insight from your past experiences.
I suppose the best strategy with
BTC and other currencies is to hodl no matter what the price is. Now there is a risk of inflation of any currency (dollar, other fiats, btc, other crypto). So there is nearly no cance to save much money by performing fiat to crypto and back transactions in a hurry. This only brings financial instability and loss of money due to transaction fees.