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?
Bitcoin is very volatile; you can buy Bitcoin today, and the price can drop in the next few minutes. This doesn't mean you have lost the value of your Bitcoin or that the price will continue to fall and won't rise again. You have to understand volatility before investing in Bitcoin. If you don't understand it, you will always have problems with when to buy Bitcoin and when to sell. There is no perfect time to buy Bitcoin; you can always buy Bitcoin at any time, and if you do, you need to hold it for the long term. If you have made a good profit while holding, it is up to you to decide when to sell.
You should prepare for the long term to invest in Bitcoin, I agree with you, volatility is the natural feature of Bitcoin, almost new investors who are waiting for Bitcoin to fall at the present time to invest on the other hand when they make such mistakes to invest then they lag behind over time where Bitcoin price is on the rise on the other hand if Bitcoin price is on the dumping side then they look for better opportunities, but they always try to catch the highest or lowest in the market to invest in Bitcoin but in reality which is almost impossible, so instead of wasting their valuable time, they can move forward slowly using DCA strategy to move their investment forward at the present time.