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. Should we buy or sell Bitcoin now? I would say, do not get confused by the fluctuations in the price of Bitcoin and decide on your strategy and long-term investment attitude. If you invest without caution or without knowing the long-term attitude and strategy, you will definitely face losses. No matter what the price fluctuates, you will benefit only if you can implement it in a long-term plan by investing in small amounts. Thank you!
If you are considering buying Bitcoin today, then you should start today. Waiting a day is like wasting time for you and the amount of funds you have available may not be there tomorrow, so instead of thinking about alternatives, you should act on the immediate decision to accumulate Bitcoin. New investors analyze the market emotionally and are tempted to invest for higher profits. Bitcoin will not make you profit immediately but regular accumulation through discretionary income can increase your financial stability as your holdings grow. What I mentally think about when holding Bitcoin is the stages of wealth growth that will put me in a great position in the future. Financially sound long-term Bitcoin accumulation along with discretionary income. I would recommend that you only think about profiting from Bitcoin when you have a decent holding and can put it into multiple cycles of accumulation (6-10 years).