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?
Bitcoin is a long-term investment platform. Most of our market behavior is often controlled by emotions, not logic. We sell when we are scared and become restless when the market price fluctuates.
When we sell Bitcoin after the price has fallen, its price has risen again. This will really depend on our timing, our success. Long-term investment attitude will make our investment in Bitcoin profitable.
I see no reason why a Bitcoin investor that has the basic knowledge of Bitcoin will be panicking and be selling off when their is a dip in the market, because he should have known that Bitcoin will always recover, no matter how dip it fell, and as long as you are a long term holder, their is no point panicking because on the longer run Bitcoin can do up to 10x or more of it current price, so why panicking?
One major thing about Bitcoin right now that should be as a drive to invest in Bitcoin is that it's still in it early days, so it's no where near it peak price, so any amount you bought it now is still very cheap, so it's best that we accumulate as much as possible now because in years to come, we are going to look back and be happy with ourselves that we took the right decisions now.