I ended out coming out well ahead so it was a good move in.the end.
Unlike stocks, crypto doesn’t have much backing its value. For example, with stiocks company valuations can be tied to revenue and even hard assets like real estate. Which is why I think any sudden increase in crypto is ultimately a speculation bubble.
I think the problem with this strategy is that you can get h it with short term capital gains. So you have to do pretty darn well in the short term to make it work. Unless you were a long term holder and decided to cash out