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.
It is difficult to know if you are talking about bitcoin or something else, even though we are in the bitcoin section of the forum. You don't even use the word bitcoin, but instead refer to buying "a coin," which surely, any coin other than bitcoin may well be trading rather than investing, since I cannot think of any other coin worthy of investing into, unless maybe just putting a very small percent, such as 1% or 2% or something relatively low in comparison to the amount that a guy might decide to invest into bitcoin.
If you were referring to bitcoin, then how can any of us determine if bitcoin is at a low or a high price, and does such assessment really matter, if we happen to be investing into bitcoin for 4-10 years or longer, then does it really matter very much if we might start buying bitcoin at $109k, $95k, $80k or some other price, especially if any of us might have difficulties figuring out where the BTC price might go in the short term.
And, a newbie to bitcoin is probably even less able to figure out which way the BTC price might be going in the event that he might consider that waiting might be more helpful than to just get started buying on a regular, persistent, consistent and perhaps even in an aggressive manner.
Surely, if someone had been investing into bitcoin for 4 years or longer, then maybe his bitcoin stash is getting to such a state that the size of his stash is helping to inform him about whether he might have enough bitcoin, yet if someone had not accumulated much BTC then it may well not make a lot of sense to employ some kind of a waiting strategy rather than a buying strategy. The best way to prepare for up is to buy some bitcoin, and if a person is ONLY preparing for down, such down might not end up happening, so then they are ONLY prepared for down rather than being prepared for up.
Of course, since you have been registered on the forum since mid-2011, then you likely have plenty of BTC, yet it seems problematic for you to be proclaiming in some generally applicable way that there is some kind of advantage to waiting for dips rather than investing into bitcoin persistently and regularly, especially for most people who are either no coiners or low coiners....and not even referring to shitcoins.. I am talking about bitcoin. Hopefully you know the difference and are able to speak about bitcoin in ways that distinguish it from shitcoins, since it is likely a big ass waste of time for anyone to consider that they are able to invest into shitcoins, even though you can trade shitcoins, even though that also seems to be a pretty big distraction away from the strength of bitcoin's investment thesis, which also means that we should not be fucking around with trading if we have been able to identify the most pristine asset that is broadly available, namely bitcoin.
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I don’t think its HARD for someone who’s a trader, where it might prove difficult is when you have no knowledge and tested skills of trading. I know people who do both very well, and to tell y’all a fact most traders are holders. Traders might have more knowledge of bitcoin than even holders. Why there is commotion and large losses in trading is cos there are a lot of wannabe traders who have not fully understood the art but go into practice cos they see it as a get rich quick scheme cos they’ve seen successful traders who flunt their wealth and wants to be like them forgetting that those successful traders lose money too, And those who feel they’re experts after one or two months online class in trading, a lot of people claim to be traders in the real sense they’re just wannabes who wants to make it big and fast and when they lose money they feel like they’re gonna get the market back, there’s no such thing and no 100% in trading, to be successful you have to make sure you’re winning more than you’re losing. Trading is not so bad when you know what you’re doing. It’s a risky game Yes, it’s gambling Yes, don’t just be too greedy and Stick to your plans. Don’t start trading when you’re a novice, there’s a reason for demo accounts.
Or better still just buy and hodl and have your peace for as long as you want.
Real traders can do both perfectly WELLThat is bullshit. An overwhelming majority of traders lose, especially over the longer term and an overwhelming majority are not able to do both trading and investing well.
If there were any segregated accounts that attempt to compare traders to bitcoin investors over a couple of cycles, probably less than 5% would be able to have had beaten a straight-forward DCA approach to bitcoin. Sure in the short term some traders might be able to show all kinds of profits (perhaps luck, perhaps some skill), but having consistent results is not easy, even for some of the traders who might have a lot of good luck and good skills.
I don't have any problem with guys choosing to trade, yet I do have problems with any suggestion that any normal person would be able to be consistently successful in trading without a lot of practice and perhaps even building up some very good cash management systems...and sure anyone can try trading, and likely they are going to be best off to limit their trading budget (perhaps less than 10% the size or their bitcoin investment) while they are getting used to trading an practicing it.
Oh and by the way, a decent number of traders might not know diddly squat about bitcoin besides superficial aspects of it otherwise they would not be so retarded as to try to trade it. So I would not presume that traders of bitcoin know bitcoin merely because they know things about it and they may know a lot of things, and they might even be some of the smartest people that we know, yet at the same time, they are likely missing some kind of appreciation about bitcoin if they are trying to trade it.