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.
Mate, you need to be specific with the word bitcoin, because this is a bitcoin thread and only bitcoin is worth throwing some value into for the future. If you just say coin, it might be misleading to newbies reading your post. We have bitcoin which is unique, and a lot of shitcoins which are for gambling. I hope that you are not talking about shitcoins, if not you will be a big loser in future. If your portfolio is filled with shitcoins, I will advise you to sell of them and invest the money in bitcoin.
Yes buying bitcoin at the dip is the best because you bought way cheaper than buying on top. However, if you are a no coiner and you have your discretionary income to buy bitcoin right away and use weekly DCA to invest regularly with consistent, persistent, and aggressively. You don't need to wait to the dip but just buy it at whatever price bitcoin is because no one knows when the dip will come. Don't go and be waiting for the dip and mise out the opportunity in the market.
Those who are buying bitcoin at high price and plan on a long term goal, already understand that bitcoin is worth throwing some value on and that's why they are buying using DCA irrespective of bitcoin price to build and grow their bitcoin portfolio overtime. Bitcoin is still growing and no matter the price that you buy it now, it doesn't matter but what matters is your consistency, and persistent buying to keep your bitcoin accumulation ongoing, because the future of bitcoin is still young.