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?
When you talk about Bitcoin is often considered a strongest investment option for different ways and buying and selling in a long run is very important in bitcoin. Let take it was the first cryptocurrency and remains the most widely recognized and accepted, giving it greater liquidity and market stability compared to other cryptocurrencies around the crypto space
It's the prime mover, no doubt about it, but it terms of ROI, there could be a lot of altcoins that can give us that. But the problem is that it's hard to find and there is greater risk. As compare to Bitcoin wherein we can accumulate and look for the long term perspective of it.
Bitcoin has a limited supply, with only 21 million coins ever to be mined, which can potentially drive up its value over time due to scarcity. Additionally, Bitcoin is often seen as a store of value and a hedge against inflation, making it attractive to investors seeking to diversify their holdings.me I prefer to hold bitcoin and sell in the long run because it worth all it take to gain from it in a long run.
And with the incoming block halving, the demand will surely go up as the supply is dwindling and be scarce as ever. So for me, it is still buy region even if we are in the $70k'ish. The bull run is incoming, there are still a good chance that we double our money in the next couple of years.