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 sound more like a trader because a long term investor wouldn't be waiting to buy cheap and think of selling in few days or months. Only traders does that. Of course, you can do whatever you want with your bitcoin to see it as a means to cash out every little profits that you see, but I must tell you that if you are into such practices, you will regret it in the long run because you will only have little bitcoin or nothing for yourself in future when bitcoin price is expensive and long term hodlers are benefiting from the sacrifice they took to build and grow their bitcoin portfolio over a long period of time.
Your goal should be keeping your bitcoin accumulation ongoing by regularly accumulating bitcoin every week with DCA consistently and persistently overtime till you have reached your bitcoin target. Profits shouldn't be what we consider first if not it will mislead you into following the wrong path that will affect your the growth of your bitcoin portfolio overtime. Anyone that is after short term profits is short sighted and fail to see that bitcoin growth is increasing gradually overtime. Bitcoin investment currently is for the future because that's when you will appreciate taking the bold step to invest in bitcoin now and hodli because it will upgrade your financial strength in future.