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.
It's just normal because timing the market is difficult. You may buy at the right time, yet market price creates a short term correction to stop you out before rallying higher. Or the other way around, you may sell at the moment, then price would rally short term to take you out before creating a dip. One key to that is to not pick top and bottoms. Just ride with the trend. Don't sell back your position if you have strong conviction that price is going higher.
Don't get confuse because the market is built that way and that is to manipulate price before going to its real direction. Hold until target is met, only sell when your initial idea is already invalidated.