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?
actually there is nothing strange about the phenomenon you mentioned, we are all aware and understand very well that the crypto market is very volatile, the coin you buy will not always experience an increase in price when you buy it, the price may go down and our attitude is what determines to sell or hold. Have you ever heard of the DCA method? Well, currently it is the investors who use the DCA method who profit, not the traders.
the best answer that would have helped him get the right narrative regarding his question should have been to help him know that thier is a very big difference between
a coin and BitcoinWhat's mostly prone to pump and dump after you've invested into them are mostly meme coin and most Altcoin because they mostly do well due to hype and the noise from the media and doesn't really take long before it goes extinct puting most investors in wreck. They are not worth investing into for the long term and that in itself means that they are not an investible asset. On the other hand, Bitcoin is also volatile and do occasionally experience some minor corrections due to economic factors of demand and supply but always bounces back and surges even further than the momentary correction experienced and has overtime grown consistently increasing in it worth.
To avoid selling your coin (
Bitcoin and when it goes up in value you regret and buy your Bitcoin and get tensed up whenever it goes down or experience some correction, it's best to buy with tge mindset of HODling for the long term such that when there is any form of correction, you buy more Bitcoin and when there is a bull, you are more confident to keep holding on to your Bitcoin.