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.
I doubt if you are an investor because you are not speaking like one, as an investor you don't really need to focus at the Dip because it will distract you from your investment and secondly investors doesn't buy and sell because of slight uptrend, investors doesn't consider or see little profit as an option because they focus on long term and that is when the main profit will be seen. Your last statement explain your intention towards Bitcoin ( a trader), because only traders target the market to know when they will be profitable if they buy which is not even correct and certain because it is an assumption.
all of what he said here have the trademark of a trader, because it's only a trader that will only be thinking of making profit in a very short space of time.
Additionally, waiting for dip
before buying is not the best way to go about your Bitcoin accumulation because you are going to miss so many buying opportunity which should have been used to accumulation a good fraction of Bitcoin, so waiting for a dip is not the right way to go about your Bitcoin accumulation.