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?
Every time is always a buying time for Bitcoin so far as you are a long term investor, you will surely make profits in the long run and for me the best time to sell is when the price have surpassed previous ATH then you can decide to sell part of your coin but it must not be all because you can sell your coin when the price gets a new ATH and afterwards the price increases further but the best time to buy more is during the bear season then you can use the DCA to keep accumulating on a regular basis.
Who gives any shits about the best time or the worst time. If you are new to bitcoin, then you don't have any BTC right now and you have to decide whether you are going to buy or not.
Surely those who already bought bitcoin at various times could well be attempting to decide if they should sell now; however, merely because they bought bitcoin at lower prices does not necessarily mean that they should be selling any of it, especially if they make an assessment of their BTC holdings and their situation and they determine that they do not have enough.
If a person has determined that s/he does not have enough then they do not get more by selling it, so then the ONLY way forward is to buy, and therefore to figure out whether to buy now or to wait, and surely it does not seem to make sense to prepare for BTC prices going up by waiting.. .. so then it will still come back to an assessment that each person has to make in regards to whether he has enough or not.. and surely as a general principle, the overwhelming majority of regular people do not have enven close to enough BTC, which is part of the result of an assessment that bitcoin still has pretty low adoption, such as in the 1% arena, and perhaps even less, so generally speaking around 99% of the world's population does not have enough bitcoin, so sure, you could still determine that you actually have enough, yet I doubt that is the case for an overwhelming majority of people.. ..
And, yeah sure there might be a decent number of forum members who have enough, but even that seems to not be the case.. and I suspect a decently sized number, probably even a majority of forum members do not have enough BTC.. .whether they realize it or not.