Hello Everyone,
I'll keep this one short.
Question
HODL is common practice with many Bitcoiners but has anyone braved the risk of changing out BTC for a stablecoin to then change back into BTC when the price has significantly lowered to gain percentages?
Personal Experience
I have held & traded, personal view is that the trading aspect is exciting (within reason) as it yields percentage points. Having a risk assessed figure in mind then switching out to wait for the prolonged market decline to join back draws very few negatives from my view.
This is confusing, but still to make it shorter. To make money in this volatile market such as Bitcoin and other Altcoins, you only have one task. That is to buy low and then sell high. And if you get trapped from a high that the market sentiment turned bearish, then you can do dollar cost averaging. As much as you have high hopes for the project you are investing, just continue buying and compounding until the market get back to bullishness. And in order to do this all, patience and discipline is truly a necessity.