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.
I think you see investing in Bitcoin as someone who is going through the eye of a needle. Well I must tell you that Bitcoin investment is not difficult as you consider it to be to panic sell your Bitcoin is good for you, well you must have panic sold your Bitcoin before saying this and I think that was never a good idea for selling, probably you went through a strategy that you find it difficult to hold on to your bitcoin, if you had hold on to your bitcoin for as long as possible you could have benefited from the potential of long term investment. But it’s never too late to realize yourself and choose to invest and accumulate and hold for a long term investment, obviously people do make mistakes but what is important is how you react after making the mistake.