I always tell people not to rotate their bitcoin, bitcoin is good for long term so what’s the point rotating when it could head for a bullish run anytime
Rotating is actually putting your coins in danger.
Let's say you earned bitcoin somehow, or mined it, or bought it P2P, or got it from a defunct exchange. If you now send it to a KYC exchange that bitcoin gets associated with your real identity, you lose the advantage of anonymity. You also risk that something will happen to
that BTCyour coins at the exchange, you lose control
of your coins just to do what? Turn it to fiat money and back to bitcoin while creating a taxable event
, and paying exchange fees
, temporarily losing control?
If you want out completely
, - fine. But if you're doing it just to quickly go back in,
even if it brings little profit, to meI'd say the risk outweighs
itgain, unless the money you're getting is
big, likeover 10% of your holdings
or more.