Re: Buy Buy Buy or Sell Sell Sell?

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

I disagree with your last two sentence, even you don't sell your Bitcoin little by little after overaccumulation stage there is nothing like huge loss remember Bitcoin is a volatile asset so what will only happen is fluctuation and it doesn't mean that if Bitcoin Dips that it will not rise or pump that's it nature. Moreover, even after getting to overaccumulation stage you don't need to be only selling little by little rather you should also be trying as much as possible to be topping ( accumulating back) while you are selling some of it because the idea is to hold and have Bitcoin in our possession, we don't just accumulate and hold for 4-5 years and after getting a good return you sell everything no that's not the idea.

Partially you are making a good point but no one says you cant sell at all. The main point I think we need to keep in mind is just never sell it all. That’s the key. When you sell everything, you lock yourself out of potential future profits, and Bitcoin’s volatility is something we have to accept as part of its nature. But it doesn’t mean that every dip is a sign to sell or that every peak is a time to take profits. Fluctuations are normal and as long as Bitcoin exist we must see the ups and downs.

The real deal with Bitcoin is not to get swept up in the short-term swings. No matter the amount of Bitcoin we have accumulate and how long we have held on to it. Always hold on to a good portion, even when things are uncertain. That’s how you really build wealth in the long run.