Hi,
I started with Crypto Last Year in September so before the big run up where everything was green every day. That’s when you think you are so good in trading Cryptos😉
Everybody knows what happened … the little dip
and of course I didn't take any profits before the dip, so it was also hard to buy the dip afterwards.
My Question is now when I take profits to stake up for the next dip, into what should I convert it?
Do you convert into FIAT and in the Dip you put it back to Crypto or do you convert to a Top 3 Crypto?
Do use Tether as it should be stable?
Let me know your way
There are two logical things you can do with this kind of situation the first one is convert it to another coins to your choice of preference. During the dip every coins is on sale because of its low price. But you have to be careful because we really don’t know which one is the bottom. The second one is to convert your profit to other kind of investment. This is to diversify your investment to free you from greater risk. Both strategy has pros and cons you have to weight it down to make the decision correct.