Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?
a number one thing that causes some people not the opportune to sell when there are supposed to sell the Bitcoin is because their lack opportunities and they also endurance because when you know the system of cryptocurrency especially Bitcoin I don't think that will be able to rush and the sell out to your coin that your projects, another then is that one want to venture into cryptocurrency investment especially Bitcoin you should know you want to mention into long-term investment or a short-term investment so that will determine when you will make a profit for your investment or when you will not make profit for your investment.
This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.
in this aspect what causes it is when you have not understand the chart of cryptocurrency before you invest in cryptocurrency because it is obvious that many people who invest when the price is low always be a beneficiary when the price Rises so from my own understanding it is a misconception and the misunderstanding of the investors to be able to identify when they are will be able to purchase a Bitcoin and the make a profit and when they are not supposed to purchasing Bitcoin and loose is a instead of making profit.
Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?
I have also heard and experienced both situations that you said, the way to overcome them is to use management, you must have a buying and selling target when you invest in a coin, this will make you wiser in making choices. Then about whether now is the time to sell or buy, if you've bought crypto before the new year, I think this is the time for you to sell your coins (including bitcoin) if you're profit-oriented.
this is not a big deal to overcome because it is obvious that when you learn and understanding the system of cryptocurrency you will know when to purchase so that the market will not fall on you and when not to purchase so that the market will not be against you, what makes people to experience such is inpatient and also investing in a coin that lacks potentials.