Quote from: lombok on May 22, 2024, 11:16:17 PM

Quote from: rhodelmabanal on May 22, 2024, 08:16:06 PM

Quote from: Dorkylickjj on March 06, 2024, 08:50:37 AM

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 best time to buy coin is during dip, because we can have a huge coin because it is still cheap and affordable, the problem is most of the newbie investors didn't want to buy when the price is cheap maybe because they are afraid that after they buy it will continue to fall or there are some reason, emotions, money as capital, etc., that is why many people always have a regret when it come to investing.

It's true, when we want to buy, we have to wait for the right time or wait until the price drops to become very cheap. Because so far the price of Bitcoin is still not at its lowest price and the price shows a constant increase in price. When prices are high like now, it will be very dangerous to buy because it will cause us to get trapped at high prices.

You're getting something wrong mate. There is no perfect time for investing be it in Bitcoin or any other asset, waiting for the drop is simply an illusion for me from your view, because you will still want to wait again. If you wanna invest you make plans, and follow up it a long term view not a short term view because I know that the reason you said get trapped in price. Bitcoin have move from one price range to the other so far, of which price kept correcting each range, waiting won't and is never a approach to investing. The price you are fantasizing to wait for, and you bought from can be corrected, yeah we can't control the market. What would you do, what if price just surge and never return to your level.

In essence if we view Bitcoin as an asset, holding not just it but having the understanding that we have an Asset will drive us more. That why DCAing is good to solve issues like yours, whereby opportunity is given to buy at every market situation and counter trade others you view as running in losses.
Our Bitcoin is intact, the value of dollar relative to it is what causes your misinterpretation,what if we begin to see Bitcoin value in our local currencies I think most of us will see how far the value is.

Those who think have more time to think, just like those who wait for good things while doers have time to keep doing and achieving the result.