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?
This problem is so common, to this day no one can estimate the price of a coin with perfect accuracy. The movement of crypto assets is very volatile and not easy to analyze, it is very difficult to predict where it will go after you make a purchase.
You can do technical analysis and fundamental analysis before buying crypto assets, this method can help you see price developments over several days, weeks or months. You can predict the movement of the crypto assets you want to buy by studying historical price movements over a certain period of time. You can do this by choosing several crypto assets based on the same characteristics so that the money you use to invest is not wasted.
Bitcoin is the lead Coin and i frawn at your narratives by not even mentioning it of which it is the context where this thread is lead upon from the (op) but rather you emphasis on using the term crpto which does seem to be talking about Bitcoin to this regards. Yeah specifications should be made when using the term crpto in terms of describing Bitcoin and other coins, Bitcoin is a special coin that is far better than any other coins and it is very wrong generalizing their functionalities with the use of the word crypto. However, volatility is not a problem for those who those that knows the potential Bitcoin holds when view long term perspective, the reason why it is always advisable to buy and hold, with your dca strategy you mitigates the short term price fluctuations by making purchases on different intervals irrespective of the price either weekly or monthly according to your financial situation. Furthermore, it is not necessary that one must do or have a technical knowledge or analysis before buying Bitcoin rather what is most important is having a basic knowledge while you learn more other things on your way up, I will also like to add that no one can predict the market but we can only speculate and It is good to know that the historical performance is not a guarantee of the future but rather it can only be a quide.
Fuck the use of the term crpto in terms of Bitcoin and other coins.