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.
Bitcoin investment is a powerful asset, this asset can be left for the future and future generations. Because this digital asset will seem modern as it moves into the future. Bitcoin is created in such a way that it holds the highest position among digital assets. So no investor should neglect to hold this asset for a long time, everyone should try hard enough to hold Bitcoin as it is a huge and valuable asset in the future. So if one can't save it by accumulated money then surely you try to hold it for long time using DCA method.
The only way to hold your Bitcoins is through the DCA method. and how long can you be able to hodl, your ability to have a sizeable Bitcoin investment and your ability to hodl as long as possibly 5 to 10 years or more, you can lump sum, or use the dca method or probably combination of both and this will tailored down by each investor in such a way it will suits them in terms of physiological/financial situation including their investment goals and objectives such that what the question Will be at the end of the day will be how much of Bitcoin do you have and how long can you be able to hodl.
You know any method we use in accumulating bitcoin has an impact on our portfolio, from my research and observations the DCA method helps reduce the impact of market volatility on our portfolio and unlike lump sum that is just a one time whole buy and if you had bought in a very high price when the dip comes yoir portfolio would be on a big lose although not permanent but for newbies just getting into bitcoin that could be quite the headache for them, so the DCA strategy would be a better accumulation method for a newbie cause he would have to worry less on how his portfolio is doing and just focus more on buying only.
Yeah everyone must figure out the best way they which to accumulate that suites them based on their financial capability, but any strategy can be used by anyone and its not as tho the DCA strategy is only for people with little capital, its just dividing your capital into parts and buying at intervals, so even someone with huge income cam use it and still be very successful at it.