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.
When investing for a short period is part of the plan, there will always be problems, especially when the price of bitcoin is dropping. It is important for investors to make good plans and decisions when planning to buy bitcoin because if investing for the long term is not part of the plan, it is very possible to sell along the line at a loss. While buying bitcoin to invest, long-term investment should be the priority, and investing in bitcoin with a specific duration and time to sell can also affect investment because bitcoin is volatile and the market is unpredictable. Buy bitcoin and hodl with confidence, and never have a specific time to sell, but hodl until you are satisfied with the value from your hodling.
Investing in Bitcoin in the hope of short-term profits is always risky, market fluctuations are a very natural thing, and unexpected dumping is very normal. So a real holder never thinks about these, only by holding for a long time can the real profit of Bitcoin be achieved. You always have to think about buying, buy regularly in DCA and hold for a long time, this is the most correct strategy.
And an investor will be able to hold the investment for a long time only when he is confident in himself and in Bitcoin, this is just the beginning of Bitcoin's journey, Bitcoin's future is still far and bright. So if you want to achieve real success in the future, you must have long-term thinking.
it is true that holding btc for the long term is certainly a good idea and of course there have been many people who have succeeded because of holding btc for the long term and I also see many examples of people who buy btc but not for the long term, not a few who lose or do not get much profit because yes indeed with price fluctuations of course not a few people sell their btc even though they suffer losses.
so yes it is true that buying btc and holding it for the long term is a wise choice as long as you buy with money you are ready to lose. but of course the decision is in the hands of each, but what is clear is that until now I have never seen anyone who has lost due to long-term investment in btc because btc of course always makes new ath and until now btc has never disappointed those who are patient and hold btc firmly for the long term and do not panic selling when there is a price drop.
Yes, I agree with you and yes, this is the beginning of the journey of Bitcoin and of course in the future we will potentially see the current price of BTC is cheap like we see the price of BTC for example in 2015 or before 2015 for example 2014 and below.
The truth of the matter is that Bitcoin is on the rise, so it's either you join the moving train now or miss out and regret later, because in the short time of it existence, it has proven over and over again that it's an asset that appreciate in value overtime and even when it deeps in value, it can always recover no matter the market conditions, and it's only those myopic investors that can't see the bigger picture of it, that later regret after selling in a loss, because to the best of my knowledge, once you invest in Bitcoin, it's near impossible to be at the losing end if you are actually holding for long time.
I can still remember when Bitcoin rose to $69k at first and most people bought it then, when it crash to $16k some Investors were regretting that they bought it too costly, so fast forward from that time till now, it has gone up above $100k and now it's presently at $97k plus, so this alone entails that it can still go up further because it's on the rise, and it's still very cheap comparing to how much it might get up to in like 10 to 20 years time from now, so what am trying to say is that if you are only thinking long term when dealing with Bitcoin, you will hardly be at the losing end of your Bitcoin investment, because probability of being in a massive profit is way higher than the probability of being at a loss if you are actually holding for a longer duration.