If you have a strong feeling bitcoin is going to go down then the right call is to sell and then wait for the price to bottom out and buy again at this cheaper price, this is a very simple strategy but very profitable if applied correctly.
imo this is a risky move...you just might end up losing all your stashed bitcoins and remain with nothing. Best option would be to wait for market prices to correct and sell with confidence.
Hi,
I'd like to know what do you think is a good strategy when BTC price shoots up and you feel it's going to come down again.
- hold on to your Bitcoin?
- Sell it for USD hoping to buy it again cheaper?
- Sell it for other crypto (in this case which would you choose)?
well depending on external influences such as btc etf maybe hodling will be the right thing to do as speculations of an approval are eminent. In a case of prices falling sell and buy cheaper btc.