Re: Buy Buy Buy or Sell Sell Sell?

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?

Well, that just shows that the market is unpredictable.

You can't time the market because it's very unpredictable. You might see it's price going up for a few hours then suddenly, it will go down. Just look at Bitcoin's price a few days ago when the Coinbase anomaly happened. It went down from I think around $68,000 to nearly $59,000 in just a span of a few minutes.

What's my take on what's happening right now? We're in a time where we need to wait for the market to correct before entering. We have been seeing the market going up for days already, and I don't see any reason for me to enter the market when the market is on the green. I mean we want to buy coins at a lower price, so it's better to just wait until the market corrects then that's the time for us to buy.

However, you have to be careful and patient in terms of investment. Waiting and opportunity can be your real success, but if the market price makes it more complicated than you, then you should invest knowing the strategy to deal with risk even if the market price is determined by time. While waiting for the correction, many times the real opportunities can be lost from your hands. If the risk is reduced and the average purchase price is controlled, you can buy.

When it comes to Bitcoin investment their is no need to wait, just buy once your discretionary income is available, by waiting you may miss a lot of buying opportunity that would have been used to accumulate a huge unit of Bitcoin, anyone that is waiting or timing the market before buying is not an investor but a trader that is thinking that he can outsmart the market which is very unlikely.
Additionally, the best way to accumulate a huge stash of Bitcoin is by buying consistently, either weekly or monthly once your discretionary income is available, not by waiting and wasting time that would have been used properly.