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.
Going for short term investment into Bitcoin is not really a good strategy and it sounds more like gambling and trading also. Bitcoin investment is for the future like hodling for a longer period of time like between 4-10 years or more and not to sell out your hodling in 1 or 2 years because it's just same thing as trading and can be misleading.
And then there is need timing the market that's why is good to use the best strategy to accumulate more Bitcoin by using the DCA strategy which helps you purchase Bitcoin at different interval at a fix time probably weekly or monthly so you won't have a high blood pressure by timing the market.