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).
Yes, you should not delay in investing in Bitcoin, but you should start investing in Bitcoin as soon as possible. You have raised a good point here and I appreciate your point, it is true that the amount of funds we have today may not be available tomorrow. Now if we go somewhere with friends, but we may spend money there or if we want to do some shopping and if we do shopping, but we may spend money there, so if we start investing without thinking too much, then a responsibility will automatically come on that investor, but he will try how to maintain the continuity of investment.
I have also practically examined the issues in my own case, as long as I thought about investing, I did not have any sense of responsibility, but since I started investing, I have felt that I should not spend money unnecessarily, but the money that I am spending unnecessarily should be spent on my investment.