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.
It is mainly traders who target to buy bitcoin when there is drop in price and sell when it comes up, accumulating Bitcoin when the price is low and sell when its high is not a good buying option and the profit gotten
here can't be compare with when you keep accumulating Bitcoin at any price level and hodl for long time
using the DCA strategy,
you won't have a good bitcoin portfolio when you wait to buy bitcoin when there is dip because there are times it won't dip to your expected price to accumulate and by not accumulating regularly you are missing out more buying opportunity, so adopting the DCA strategy will enable you to accumulate Bitcoin at any price level either weekly or monthly and hodl for 4-10 and more rather than regularly waiting for price to drop before accumulating and sell when it goes up.