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?
buying a coin in dip is quit safer than buying it when it is already high at price, but most of the buyer only buy coins when it is already on top because they can't control thier emotions, and that is the big problem not only today but also from the past people is greedy and they cannot control thier emotions and that make them loss.
Are you talking about Bitcoin or you are talking about shitcoins because you are not specific you said buying coin, for clarity if you are talking about shitcoins this thread is not a place for talking about shitcoins so you won't mislead newbies, shitcoins are not something you invest your money into because they are not trust worthy whether you buy them during the dip or not, most of this shitcoins you are seeing are scam, there's a music star called Davido he created a particular shitcoin called Davido when he created it he made the announcement in all his social media platforms and a lot of people especially his fans rushed and started buying the coin and it started growing in value and price so davido being the highest holder of the coin decided to sell off all the coin in his possession and he made huge amount of money from it and that was how the coin fell and stopped growing till date those that bought it lost there money, so shitcoins should be avoided.
If you are talking about Bitcoin that accumulating Bitcoin during the dip is more safe, then you are wrong, as long as Bitcoin is concern there's no safe time to start accumulating and there's no best time, when you start accumulating and holding is the best time.