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
An investor should have a goal. For example, how many Bitcoins he wants to deposit in his portfolio, for how long he will hold it. That does not mean that a person should always monitor the market. An investor can buy whenever he wants, but he has to be consistent. Waiting to buy is never right. You do not need to study the market to buy Bitcoin. If you have discretionary income, faith in Bitcoin and basic knowledge about Bitcoin, then you can invest.
An investor will never study the market before investing, he will always continue to buy consistently. A trader always studies the market. Our investment goal should be long-term.
Selling your holding before the expiry date will not be the right decision. If your expiry date is over, you can withdraw some amount of money and enjoy the profit, but withdrawing the entire amount of money just because your investment has expired will never be the right approach.