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?
So the big hit is buy and buy most necessarily buying as at when there's a price drop and hodl then after sell when the coin is profitable, that's what is required of every trader or investors. But looking at the period we're in it could be either of them buy time or sell time we just need to know when the market is favourable inorder to profitable in the end.
You're wrong, in Bitcoin investment, the big right thing to do is jumping in and buying regardless of the market sentiment as long as you've discretionary income present.
You don't just sell because your Bitcoin is profitable, else you can be going for short-term gains. You sell (if at all necessary) at the end of your long-term holding period in order to get the desired profits.
A big hit is accumulating a decent portfolio and holding for a long-term ( 4 -10 years or longer) so that you can have a chance to maximize your profits potential and not worry if the price goes low or high since by then the compounding interest on Bitcoin price appreciation would've acted on your holdings and possibly, you'll be very profitable depending on how long you were able to hold.