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.
Since we are talking about bitcoin investment, I want you to understand that there's no right time to invest in bitcoin. If you are waiting to buy bitcoin in a dip, you are wasting your time, and you may possibly miss out on accumulating a reasonable amount of bitcoin since no man or woman on planet earth can actually predict when a dip will happen. Instead of waiting for a dip, you can start accumulating bitcoin with the DCA strategy when you money is readily available because the DCA strategy will allow you to even accumulate bitcoin in the bullish trend and the bearish trend, and it will also control your emotions.
Yes you are actually right, waiting for a dip before making a purchase of Bitcoin is actually a terrible decision making if you are still lagging behind in your accumulation journey, because by waiting your stash of Bitcoin will still remain the way it is , and it's never the right thing to do when you have not accumulated any tangible stash of Bitcoin.
For those that have accumulated enough Bitcoin and are close to the end of the accumulation process, they have that luxury of time to wait for a dip, not someone that has little or no stash of Bitcoin in his possession.
So in essence of what am trying to say is that waiting for a dip before making a purchase is not a good idea especially when you have little or no Bitcoin stash, but someone that is very close to the end of his accumulation journey may have such luxury of time to wait for a dip before making a purchase, even though am not a fan of waiting, I buy once the funds is available, because I believe that it's the best way to accumulate Bitcoin, since we are still in it early days, and it's still very cheap comparing to how much it might be in the future.