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.
If you Buy and sell you may be at lose because the market is volatile. There may be increase today and decrease tomorrow, but stacking up for a long term gives more value, so there is no point of trading with your investment.
Yes, buy and hold for long period is advisable for us. We don't have to worry if the price is drop because that will be our time to buy back for more. Those people may not get the low price if he sell immediately when the price is down so he only regret of what he did. Besides that, the price can jump after the price drop and that happen many times in the market. So if you can control your emotion not to panic and analyze more, you will see the chance to buy back at a low price. If you really want to invest in Bitcoin, you don't have to think about that because you buy and hold and not sell.
That's what happens if you don't really study the Bitcoin journey, most people, especially beginners, are only tempted by the profits without studying the Bitcoin journey because it's not just the basics and what they really need to know and learn is the Bitcoin journey so far. Because the Bitcoin journey trail will motivate them to treat Bitcoin for the long term without having to worry because they will know that declines will always occur but in the end the price will go back up, and will always take advantage of the decline that occurs to collect more Bitcoin because it is the best moment or discount to be able to buy it at a cheaper price and save it for the long term.
Emotions and panic will always be there for those who don't really study the Bitcoin journey trail because emotions and panic will always be there like the Bitcoin journey, declines will always be there and that's what makes them feel emotional and panic which has the potential to make the wrong decisions. And if they study and really understand the Bitcoin journey they will not feel emotional and panic because they already know and will be calm and know what to do, and know that in the end the price will go back up and continue like that so treating Bitcoin for the long term is the best way to create extraordinary profits in the future.