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?
Yes, what you said is true, there are many who think for a short time but sell when the price drops, later they have nothing to do but regret it when the price increases. So I would say if you invest in any currency, then definitely hold it for the long term, there is no need to be disappointed when the price drops, later the price will increase from which you can expect to get good returns. If you buy the currency now, then you can buy and wait for the highest price. When the price increases much more than the amount you bought it with, then you can sell it.
Which currency are you taking about if i may ask? because I can't catch up with what you mean, what we are talking about in this thread is Bitcoin and not just an currency.
Those who panic and sell when the price of Bitcoin drop are mainly gamblers or traders the fear of not losing everything forgetting that Bitcoin is a long time since there is still every possibility that the price will increase so instead of selling keep accumulating even accumulate More Bitcoin if the income is there and still by accumulating using the DCA strategy and hodl for long.