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.
Assessing yourself to have had reached overaccumulation stage gives you options, and surely the greater your overaccumulation level, then the more options that you have, especially in regards to the overaccumulation amount.
Surely, I am not in any rush to sell my BTC, yet I did start to employ
price-based sustainable sales once I considered myself to be well into an overaccumulation level.. and I stared that in late 2015, and sure I made various reassessments along the way, too.
Sure it could be a problem to assess yourself as to having had reached overaccumulation status and then to be mistaken within your own assessment and then you would mistakenly sell too much too soon. so there still can be questions regarding how to manage your BTC once you assess yourself to be in overaccumulation status.. which also at minimum might cause you to change your accumulation practices, since if you really are in overaccumulation status, then you don't need to accumulate more bitcoin. Sure optionally you can accumulate more bitcoin, but you have options and you don't have to accumulate any more BTC.
For example, if you consider that being able to live off of your bitcoin with a perpetual income of
$80k per year, then right now, you might consider 17.166 to be the threshold level for overaccumulation status. So if you have 25.166 BTC, then you would have 8 BTC in your overaccumulation amount, yet if you are barely at 17.166, you might feel that you don't have any cushion... so there can be comfort in regards to having a cushion, and maybe if you only have 17.166 BTC, then maybe you might consider spending one more year accumulating bitcoin and then to reassess your level of overaccumulation at that time...
So even if you assessed that you reached overaccumulation status, you might not be comfortable to start to sell any of your BTC until you are sure that you are ONLY selling from within your overaccumulation amount and you are not accidentally taking yourself out of overaccumulation status based on your sales of too many BTC too soon. Each of us has to make these kinds of assessments and to try to protect ourselves from making a mistake of selling too many BTC too soon, especially if our goal might be to try to keep ourselves in overaccumulation status rather than putting ourselves back in a situations where we feel that we have to accumulate more BTC in order to either get to overaccumulation status or to make sure that we are in overaccumulation status, in case we might not be sure of our own assessment and/or the level of our cushion.