Yes, although I prefer to trade with Stablecoins generally, but it is true that traders also usually have a part to accumulate, especially those who make good profits some parts of the profits are kept in cold wallets for long-term investment.
Buying and selling Bitcoin
- Thread starter uptrendfinancialsignal
- Start date
Professional Bitcoin traders can not only take profits during bullish movements but they can also take profits during bearish trends. by borrowing Bitcoin from a broker (eg 2 BTC) and selling it at the current price, (short Bitcoin).
Personally, I love binance for buying and selling cryptocurrencies. The exchange is so easy to use and it offers a wide range of cryptocurrencies to trade. Though you still need to take time and gain trading skills to avoid losses.
This is actually a very profitable trading to me as you get to buy BTC in small quantity from people who own such amounts at a cheaper rate and price and accumulate. You either hold or sell when you have gathered to a certain amount you would get a full payment of it when you sell. Just like buying small amounts at the rate of #745/$ and selling at the standard rate of #760/$ when you accumulate a lot of BTC which gives you profit.
If the crypto is decreasing you could for example exchange to USDT and when buying doing the reverse operation or keep as cryptocurrencies when the market is increasing to gather the maximum possible profit from such kind of operations.
Yes of course, when buy Bitcoin at a cheaper rate and hold for it to make a very good bull run and then you get to sell it and take your profits and go again is one of the best and most strategic ways to earn more from Bitcoin these days as one does not have the time millions to invest and buy a whole Bitcoin at the moment.
