What's your take on this? Given the period we're in is it buy time or sell time?
I want to believe that you are referring to bitcoin. Therefore, if you think long term, you are in the buy and hold period. If you think short term you are in the panic and sell period.
This is the best way I can think of it.
Yes, Bitcoin is the context.
😂😂 Everybody on here relates selling off Bitcoin with panicking.
One thing is buying and another is being able to keep up to it, cause most traders and investors tend to get affected by the price alterations and fluctuations and they sell off at a rate they ought not to cause they are scared of getting a loss. So don't be a panic seller at any cost Bitcoin is the way.
For those who have been familiar with or studying Bitcoin for a long time, I don't think panic selling will lead to losses. In fact, holding Bitcoin for a long period of time will yield significant profits. I think everyone knows this, but if someone sells their Bitcoin holdings early, it could be for other, more personal reasons.
Bitcoin is currently at its peak. Just a few days ago, we saw its latest all-time high. However, that doesn't mean we should stop buying. Instead, consider the possibility that this will continue in the future, creating a strong incentive to continue buying Bitcoin to avoid regrets when the same thing happens again.
Since you have already sold your Bitcoin portfolio for cheap profits due to fear or lack of uncertainty on your side about the market, what then are you still Hodling for the long term? infact you're no longer an investor to begin with for selling your Bitcoin portfolio too early because it is only short term holders/traders that panic sells when the market is not going in their favor. How do you even expect other Long term investors to continue taken your writeup so serious when you cannot even Hodl for the long term. It's always good you learn right about investing in Bitcoin and practice it effectively so that newbies in the house can emulate from you.
As Long term investors and since Bitcoin is a violatile asset,we are expected to invest and Hodl for the long term and since we re on a long term plan, we won't have to bother monitoring/timing the market or have to worry about the fluctuation of Bitcoin prices because investing on the long term keep us as an advantage too that we're certain if the price of bitcoin goes down it will surely rise & appreciate in value overtime .