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?
Going back to the OP, it's always buy time for any real bitcoin investor regardless of any price shifts, the price of bitcoin dropping after you have just made a purchase should not deter you from buying, it should instead be a motivation, you now get to buy at a cheaper rate than when you started which will ultimately bring you more profit while still accumulating because the price will eventually go up, there is never an off season for buying and investing in Bitcoin, everytime is buy time for any real investor.
So just buy! buy!! buy!!!
Everyone who has a good knowledge of Bitcoin and who wants to hold it for the long term considers Bitcoin's dip as an opportunity. Even if we want we will not be able to buy Bitcoin at the price it was in 2020. Even the lowest price of Bitcoin is unknown. It may also be that the market is not decreasing much from the current price. And if that happens, then even though the current price is high for many, those who are buying Bitcoin regularly should definitely not miss this opportunity. If you have discretionary income as an investor, then just buy regularly without being influenced by any kind of information, which may be able to give you significant returns in the long term. Although there is no certainty of profit when investing in Bitcoin, there is a lot that can be assured for long-term investors.
It doesn't necessarily means that you can only buy more during the dip because you are investing for a long-term, you can buy more whenever you want to buy in as much as the money is available to buy or buy whatever you want to buy at the moment, what if the price of the dip is higher than before the dip, are you saying we should buy little by little before the dip and buy more within the dip,so we should save our money and wait for the dip , Bitcoin investment doesn't work that way , you buy what ever you can afford at the moment because you don't know what the price will be tomorrow, you don't hold unto your money but your investment,
In as much as you are a long-term investor of 4-10 years you should not be boarded with the price of Bitcoin at all, your reason is just keep buying and HODLing because at the end of your long-term investment it will be profitable to you.