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?
That is why it’s always advisable to buy and hold for long period ,
you can only get the value of Bitcoin when u buy and it could be for a long term or a short period.
It's only traders that think and act this way, when dealing with Bitcoin, you must be thinking long term, anything other than that is trading, and trading your Bitcoin investment for minimal gains wouldn't take you anywhere. In my own opinion, the best way to go about your Bitcoin investment is to buy regularly through the DCA accumulating strategy, and try to accumulate a very good stash of Bitcoin for like 10 years or more, because your stash of Bitcoin is what's going to determine how profitable and successful you might be in your investment, so try to think long term when investing in Bitcoin because that's the best way to get the best possible result out of your Bitcoin holdings.
We only have to think about the purchase side of Bitcoin, only if we can buy Bitcoin can we take the decision to sell later. But in the initial stage we have to buy Bitcoin deep and follow the regular DCA method, then if we hold Bitcoin for the future 5 to 10 years or 10 to 15 years and follow the regular DCA method, then it is definitely possible to create a large portfolio. But only on patience can you determine your time that the investor will be able to accumulate as much Bitcoin as he is patient.
If someone can add a small amount of Bitcoin, he can deposit the money there in Bitcoin, excluding his habits except for his family needs. An investor will definitely succeed only if he has an investment strategy, because long-term investment will definitely give clear results to the investor.