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?
Truthfully speaking people should actually know when it's the right time to buy or sell . Bitcoin investment need patients and time . You can buy Bitcoin today the next thing you are already selling without even knowing what the time is weather it's a time to sell or not.
It maters a lot to know what time is it at the moment, take out time to study the market properly and know when its time to buy just so you can avoid losing your Bitcoin..
Also you should be careful with the informations you make use of to validate your Bitcoin analysis. Get the right informations to avoid being misinformed especially when when you to or even sell want
A new investor only needs the basic knowledge of bitcoin and his discretionaryincome in order for him to get started with his bitcoin investment. Using DCA method to accumulate bitcoin is the best because it gives you room to buy bitcoin anytime you have youer discretionary avialable irrespective of the price of bitcoin at that moment.
If you keep on waiting and studying the market, you are wasting a lot of opportunity in the market that you should have used to grow your bitcoin investment through reguklar DCA purchase weekly, consistent and persitent for 4-10 years and above.
A new investor shouldn't be hinking of when to sell his bitcoin investment because he is still a low coiner. The best time to sell part of your bitcoin investment is if you have reached your over accumulation stage and you need to use a sustainable witdrawal pattern to afford you selling too many coins and regret your actions.