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.
A real investor never gets too excited about temporary changes in the market. They do not sell their investments or rush to increase their investments due to temporary changes in the market. When an investor can decide about his investment by considering all aspects of the market, then we consider that investor as an ideal investor. Bitcoin is bought by a large number of people, so not all people who buy Bitcoin are investors. There are some people who buy Bitcoin as an investment plan, but when you look at their activities, it seems that they are not investing, but rather trading. Again, there are some investors who make investment and trading the same, as a result of which they buy when the price decreases a little and when the price increases relatively a little, they sell their investments. But real investors will only focus on buying and the temporary changes in the market will not cause any confusion in their investments.