Quote from: Sim_card on May 04, 2025, 03:52:34 PM

Quote from: harapan on May 04, 2025, 03:07:54 PM

Quote from: Dorkylickjj on March 06, 2024, 08:50:37 AM

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?

It's either ways and one thing is we all have different decision making process and what best suit your preference is what you go for. Likes of me i think it could be sell time and buy time depending how long you've accumulated your coins and if you can be able to sturdy the market very well to know when the coin is appreciating then you can as well sell at profits and vice versa.

I don't think that studying the market is of any importance to long-term investors, because that wouldn't help them in any way to increase the size of their bitcoin portfolio rather it will be a distraction to them on focusing on their bitcoin target. A new investor shouldn't think of selling or profits, rather he should think on how he can keep his bitcoin investment accumulation ongoing, regularly, consistently and persistently for 4-10 years and above in order for him to reach his bitcoin target.

If you buy and because you are in profits and you sell, it means you are a trader and traders are only gambling with their funds because in the long run, you will end up with little or no bitcoin sinceyou are after little profits and you will always sell whenever you see profit planning to buy back again at a cheaper price. Have a bitcoin target and accumulate bitcoin with your discretionary income overtime for your future because bitcoin price will be very high in future than what we are seeing.

The only time that a long term investor should sell little part of his bitcoin is when he has reached his over accumulation stage and when selling, you sell very little from your bitcoin investment so that you don't sell too many bitcoin too soon and end up in regrets later.

As an investor, you have no business monitoring the market price; your main concern should be to accumulate as much bitcoin as you can. Although there is nothing wrong with following up on the price of bitcoin, the reason for this shouldn't be solely because of the bitcoin you have as an investment. You can choose to track the price of bitcoin to observe its historical movements. The truth is that as an investor you can't do without knowing what is happening in the market because the price of bitcoin is an integral part of discussions about bitcoin. However, for those who intend to hodl bitcoin, looking at the market won't make them sell because they understand where they are heading.