Bittrex Global
It is a good way of buying more BTC if bitcoin would dump. The idea was to convert your BTC to Tether a stable coin as the price rises into newer heights and then buy it again at a cheaper price if and when the dumping goes into action. We really do not know if BTC will ever again touch the sub-7K levels because these crypto markets are crazy.
For some people though they do not care about the price action today for BTC. It is because they are in it for the long-term and would only sell if BTC had appreciated to their expectations. But bitcoin is certain to raise its value because of its limited supply, it is a given fact.
But maybe for myself I would just sell-off a few hours before the halving if the price is going parabolic again in the next halving, if I can wait that long.. Then I would do as stated and enjoy the profits.
The good thing is that after the halving the price will eventually rise and some predicts it to go to maybe 100K a year and a half from now. That is something to look forward to and holders of Bitcoin will certainly be in a more comfortable position in their lives.
Things are really exciting now more than ever. I guess that Altcoins will continue to get invigorated following Bitcoin where BTC goes the altcoins alos goes with it . So now I am just waiting and waiting until I can see the moment when I have to pounce on the opportunity to earn more BTC if I would short it or just hold it for now and let the markets do what it wants and I myself would just wait until I see the better price where I can sell and enjoy the profits.