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?
If you’re someone who is interested in buying Bitcoin as a newbie you should not be interested in Bitcoin coming down, you might probably be referring to shit coin, But it’s best you should be interested in investing in Bitcoin and you shouldn’t be interested in when to trade, you should consider accumulating more bitcoin and laying down a good strategy to accumulate more and more, well if you are someone who have invested in bitcoin for a long time, and you’ve over accumulated then you can decide to sell little by little so you don’t encounter a huge loss in your investment portfolio
Actually its advantage for us to be in that situation on where we can see Bitcoin dump since that's great chance for us to buy more Bitcoin at good rate, but we should make it a habit to wait for a dump to accumulate since we don't know on when that situation to happen so for sure there are lots of miss chances will happen. So always think about that we should buy Bitcoin at any rate since its more better to us to establish our portfolio rather than choosing to wait for perfect opportunity to come since there's nothing to gain here.
Commitment to go for long term is important and paying attention on things that can cause troubles will be an bad option so better focus on plans or strategy created to avoid getting any further confusions. I don't mind over accumulating if you mean that we gather lots of Bitcoin already since I'm considering also to have Bitcoin on my retirement since its like preparing my future for possible better changes knowing that Bitcoin might provably have better positions for more years to come.