Quote from: Lolipo on Today at 10:36:17 AM

Quote from: LogitechMouse on March 07, 2024, 06:44:32 PM

Quote from: Dorkylickjj on March 06, 2024, 08:50:37 AM

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?

Well, that just shows that the market is unpredictable.

You can't time the market because it's very unpredictable. You might see it's price going up for a few hours then suddenly, it will go down. Just look at Bitcoin's price a few days ago when the Coinbase anomaly happened. It went down from I think around $68,000 to nearly $59,000 in just a span of a few minutes.

What's my take on what's happening right now? We're in a time where we need to wait for the market to correct before entering. We have been seeing the market going up for days already, and I don't see any reason for me to enter the market when the market is on the green. I mean we want to buy coins at a lower price, so it's better to just wait until the market corrects then that's the time for us to buy.

Bitcoin market is not something someone can predict, just like dollar. But just buy and keep and I will advice for anyone buying not to use all his funds to buy so he won't be tempted to sell sharp sharp.

It is always advisable to invest in Bitcoin with your discretionary income, and that is some money that is left over from your income after paying bills and taking care of all your expenses, then you have an interest to invest in Bitcoin you can as well invest from there, I wouldn’t tell you that Bitcoin is risk free, obviously there is risk involved in it, then you’re advised to always appreciate investing and accumulating Bitcoin for a long term purpose depending on what your goals are, but should be mainly on invest and to hodl for a long terms that is the only strategy to maximize the risk involved in Bitcoin, and there are some investors who are profit oriented I suggest that for a starter profit isn’t guaranteed but should be considered for a long run, so it’s never reasonable to invest all our money into Bitcoin but to invest our discretionary money, also considering that there are some investors who will want to invest all their discretionary funds into Bitcoin which I think it’s all depends on your plans which have been set aside to enable an investor accumulate more, instead of using our discretionary money for something else that wouldn’t add value to our investment. And also applying some financial management techniques to help and accumulate more bitcoin.