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 just like you’ve said there is no time to waste time in bitcoin investment, if you want to start investing in bitcoin now is the time to start investing in bitcoin because there is no point in waiting and to be looking at market curves and price spikes and fluctuation, one thing someone that is trying to start investing should know is just that the price of bitcoin can never be stable because bitcoin is a volatile assets and it’s quite unpredictable, so whichever way that you’ve a discretionary income now is the best now time to invest in bitcoin and mind you there is no time that is bad to invest in bitcoins, I feel it’s just necessary to know the strategies that will help you in continuous accumulation and to hodl for a long term. And for someone who is starting bitcoin is actually not ideal to be profit oriented instead to be more efficient in accumulation.
It is never a good idea to wait to start investing. If you have a stable income and if you have basic knowledge about Bitcoin, then you can start investing immediately. A real investor will never wait for a fall to invest, those who wait for a fall are basically businesses. If you do not have an emergency fund before investing, then create an emergency fund along with the investment. So that you can protect your holdings from unexpected financial disasters.
An investor can use the fall if he wants. For example, if a person continues to buy continuously using the DCA method and if he sees a fall in the market, he can buy at that time in the DIP way.
It will never be right to sell their holdings until the investment period ends. You have to be patient until the investment period ends. Remember one quota that patience always does not cheat people but gives the best gift of good times.