I presently use an exchange service, that has option to hold in Fiat money as well, such as USD
would this method work.
1. put some money into a crypto. e.g. ETHEREAL
2. wait for it to all go up, the rates to go up
3. withdraw all or just the gained earnings and put into Fiat account as holding
4. wait for Ethereum etc to go down again, to fall
5. reinvest and put in from Fiat account again,
6. wait for Cryptos to go back to green again.
7 repeat cycle
would you consider this as a decent way to make earnings in crypto?
I am sure that this way will work for every trader because if you stay with fiat, you can buy bitcoin as the main coin in the crypto so after that you can buy every coin that you want. and if you can repeat the cycle, I am sure that you can increase your money amount and you can see your balance will also increase. but to do that, you need to have the skills to know what coins that will increase, you need to know when the best time to buy and sell so you can make a lot of money.