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 discussion is not just about anything coin but Bitcoin so it will really help if will try and retain Bitcoin instead of using the word coin which can mean a wide range of other things including shitcoins. Other than this suggestion and when the coin in your comment is replaced with Bitcoin, I generally agree with what you said.
Before buying Bitcoin, the investor must first decide the plan as this will guide his actions and approach. If the plan is for short term, which I do not always encourage, then when reason profits are seen within a short term, the investor can sell and meet his objectives. But when the plan is long term, which is the best way to go, then even when the market experience some downturns, the investor will be able to wait it out knowing that it will increase in price with time.