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.
if you have in mind that if you invest in any cryptocurrency today your profit will come immediately, so therefore, I know very well that bitcoin investment is something that appreciate when the market is dominant, and thats why good investor do like to go into long-term investment, so from my own way of understanding investment, is something that you don't need to panic, just have a time factor for any of your investment that will profits you more than than thinking that you will make it immediately you invest or after a period of time, people who enjoy cryptocurrency investment is the people who can endure