You can if you want to, but I'm not. Not now.
I thought I would do it more, generally, and recently consolidated my crypto so I could focus on a few projects, just to trade a portion.
I shorted some the other day, because it felt right, as I knew Stellar Lumens (XLM) was too high, and it paid off. So now I hold a lot more.
However, I'm very, very careful about it, especially in this market right now, when prices are pretty low - especially alts. I wouldn't touch Bitmex with a barge pole.
I may take a little profit, only on coins that have seen growth since I bought them, and I re-balance, or reinvest in the same one - if price lowers. But otherwise I have only one game plan and that is: HODL.
Because... I love the projects I've chosen, and because at any time one of them rise up, or enjoy a period of decent growth. I love supporting them, storing them, and learning more about their development.
I think I'd rather see coins sink than experience that helpless FOMO as BTC and my coins run off together.
All it takes is a bit of news, a juicy new unexpected partnership, an ETF approval, an 'event' such as a bank collapsing, or a centralised controversy hitting the headlines, and we could see a major reversal, and BTC bringing everything back up with it.
So... stop shorting coins so much everyone! Yes, it's summer holidays, but you'd be much better to BUY right now.
Believe in crypto and the joy of one day spending SBD in a coffee shop, even via a payment card.
Besides... there's nothing like securing your crypto, using it, staking it, mining it, or getting on with researching, engaging (steemin') through it, or experimenting with some of the great tech and working products out there.
Best green wishes
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Best Portfolio Tracking Tools like, ever
What kind of crypto are you actually buying?
I think, for the most part, this is a buy all around. Some are getting to all time lows right now. Tough to think otherwise, for the long term. Down, but definitely not out! Good Post.
To the question in your title, my Magic 8-Ball says:
Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.
wait and buy!