At the same time, some traders are staking their BTC - not necessarily to earn more Bitcoin, but to receive other tokens. This can be a strategic advantage, especially ahead of the anticipated bull run.
Despite market fluctuations, Bitcoin offers multiple earning opportunities. Which strategy do you prefer - Futures, Spot, or Staking? Share your thoughts
The strategy that I am using is to hodl Bitcoin, I know we have not gotten the highest price that Bitcoin can get to and there are more growth left therefore I am not scared of anything that happens as I will keep holding until Bitcoin gets a better highest price for this bull market and then I can take some profits to hodl fiats while the market recovers. I do not recommended staking Bitcoin because Bitcoin does not have that feature as it is not using a proof of stake algorithm as etheurem is using but it is using proof if work. Any platforms that allow you to stake Bitcoin is going to require you to deposit Bitcoin on their platform and all centralized platforms are not safe because some of this platforms are scams or they are going to be hacked one day.