Flipping defines a strategy in which you buy cryptocurrencies and sell them instantly to make profits. Flipping can be profitable when you’re certain that the value of cryptocurrencies would spike up. Given the high volatility of crypto, buying crypto and reselling them in the secondary market seems to be a good idea.
Flipping can occur in all cryptocurrencies. But the term Bitcoin Flipping is more popular in the crypto space. Investors buy Bitcoin and resell them, expecting huge profits, instead of holding them for long. Choosing trending cryptocurrencies, buying them, and reselling them can lead to quick profits. Chances are trending cryptos price would always spike up.
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