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?
Yeah, that’s a super common situation in crypto — you buy a coin and boom, it dips right after. Or you sell it, and of course, it moons the next day. Been there, done that. What's your take on this? Given the period we're in is it buy time or sell time?
Trying to perfectly time the market is nearly impossible. That’s why a lot of people stick with DCA (dollar-cost averaging) — just buying bit by bit over time instead of trying to catch the bottom or the top.
Right now, the market’s all over the place. Some see it as a good time to accumulate, others are playing it safe and taking profits. Really depends on your goals and risk tolerance.
But one thing’s for sure — in a market like this, you’ve gotta stay strong and keep a cool head. Emotions can wreck your decisions real fast.
Stick to your strategy, don’t FOMO, and play the long game.
You are making sense about your Bitcoin investment plan but it appears you are missing Bitcoin and some other coin that doesn't have potential like Bitcoin, Bitcoin is the mother and also the father of all the coins that is to say that all the coin depend on Bitcoin while Bitcoin depend on itself only and so going to invest in those coin that depends on Bitcoin is a wrong track that shouldn't be followed because it will lead to regret, frustration, depression etc. there is no coin one can not use the DCA method but how will one go and invest into a coin which value is zero point plenty zeros i mean that is insane and it is purely trading. An investor doesn't have any business with timing the market as that will consume their time because the time one will use to time the market if been use for another thing can be more useful than that.