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?
One of the basic way to make profits From Bitcoin or any other coin is holding them and then sell when you know that the time is right but the problem with Bitcoin market is that there is not certainty, you can see Bitcoin at $70k today and in the next 24 hours, you see it in under $60k. So what some smart traders does is that they sell anytime the market has made a significant profits and buy back when the price is down again.
Doing this is risky as you may miss out but everything about Bitcoin is taking risk. For instance, you bought Bitcoin when it was $20k and then you sold when the price hit $73k, the price might go above that level but you u not and buy back again perhaps when we dip down to $40k, you will have accumulated more percentage of Bitcoin and this process is profitable as long as you don't touch your trading capital.
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.[/center]
This method is great but there is one thing that one need to cut out, the urge to enter the market after you sold. Have you imagine selling at $70 and then Bitcoin went as high as $300k, will you be confident and less greedy not to fomo? If you can, then this method of accumulating more percentage of Bitcoin/more Tether will work for you for long term.