I just wonder if I should swap my BTC into a stablecoin like DAI for the moment and wait for it to fall back a bit and then go back in. Or if I save myself time and trouble and just hodl and wait. I will probably to the latter.
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Hi @flauwy It's not an easy call. BTC looks overbought so it would make sense to sell and buy back in when it dips, as it should now. But in a bull market like this, BTC is showing that it can stay overbought for weeks and keep climbing, so I agree that the latter insight is the safest, simply hodl on the way up. Or if you do want to speculate, then just use a very small percentage of your overall BTC to attempt a sell into stabelcoins with the view to buying more at a lower price. Never put all your money into one trade.