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
There is never a wrong time to buy Bitcoin but the best time to buy is now and always. On the other hand, there is a wrong time to sell Bitcoin which is selling under pressure, when you should be buying, when you have not reach your accumulation target or selling your Bitcoin when you see significant profits. Bitcoin is best treated as a lifetime investment, something you should always have in your custody and never run out of it.
The main reason I so much love Bitcoin is that the longer you have it, the richer you become so without much grammar, everyone should think long term when investing in Bitcoin. Even if you are in big profits, don't be tempted to sell because you will gain more if you can just hold a little longer.
When should someone start buying Bitcoin? Actually, one should start investing from that time. The price of Bitcoin keeps increasing or decreasing but after a long time it increases several times. And the reason why its price will be higher in the future is that there are more holders now than before. Many institutions are holding Bitcoin. So in the future, the demand will be high in the Bitcoin market and the price will be higher. So if someone wants to invest in Bitcoin, he should start now without wasting time. The more time is wasted, the more opportunities will be missed. Following DCA, one should invest with discretionary income for a period of at least 4 to 10 years, it can be weekly or monthly. One should continue investing until the overaccumulation stage is reached. If that is not possible, even after 10 years, there will be much more profit compared to investing, which may never be possible if one invests in any other sector.