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?
The phenomenon you want to discuss here is actually a normal phenomenon, just because you sell doesn't mean the price of the Bitcoin or altcoin you bought has changed, these are all normal conditions in the market and getting the best time to buy is actually very difficult, you have to use a strategy in buying or selling, the point is to prevent you from doing stupid things like selling at a loss or buying under FOMO conditions, the DCA strategy is a good one imo.
If you hold Bitcoin intensively, you can buy Bitcoin anytime, anywhere. Many people make many types of investments, short-term placements and long-term investments, long-term investments are made by many for 10 to 15 years. So I think Bitcoin is only suitable for long term holding, and other coins are not suitable.
Bitcoin is also very good to use for short terms, it's just that you have to have good timing when trading, the slightest mistake will only make you lose, again as i said above, the DCA method and buy the dip is a good strategy for long term investment in bitcoin.
I disagree with you on this and I see it as being short sighted, failing and refusing to see the true potential that Bitcoin holds, or probably you aren't ready to leave being poor. However, you can do whatever you like but the truth must be told that Bitcoin is not a tradable coin and shouldn't be view on a short term perspective such that even without considering the negativity that follows trading on the part of approaching Bitcoin with a short term view, Bitcoin investment is best performanced when view on a long term perspective where your investment will experience the compounded value of your Bitcoin investment over period of time.
When you think long term you have no business timing the market rather you maximize every buying opportunities to stash up sizeable worth of Bitcoin. Trading Bitcoin is Very risky and has a lot to do with emotional devastation while investing for long term gives you that peace of mind when you are fully prepared.