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.
The question you should ask this people who buys coins and what coin did they buy, because in most scenarios this people buy shitcoins that is why it’s always advisable to invest in Bitcoin and not only investing in Bitcoin, you invest and HOLD for a long term, with a good strategy to accumulate for a long time. and people who are interested in checking the price of coins are people who are interested in trading which have more rate of risk and selling when there is a market rise then you’re loosing money. Bitcoin is a volatile asset that is why it is important to invest in longer term projects.