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?
You are absolutely right that it is important to know which currency you are buying first because the up/down and future prospects of each coin are not the same. A few times, we buy or sell suddenly due to market emotions, which later turns into regret. If it is BTC (Imagine Bitcoin), then it is normal for the price value to fluctuate in the short term. There have always been big corrections or dips in the history of Bitcoin, but in the long term, it is usually upward. Especially when there is a possibility of a halving cycle or super cycle in the market. It is often profitable to hold patiently. So it is better not to buy/Sell in a hurry here.
On the other hand...
If it is an altcoin (ETH, SOL, ADA...) and many coins, then the strategy is a little different. The price of altcoins is much more volatile than that of bitcoin. Usually, if an altcoin gives a profit of 20-30% or more from your entry price, then it is wise to sell gradually. Because many altcoins can rise sharply in the market at one time but later collapse.
The most important thing is to make decisions through technical analysis (TA). (TA means that technical analysis) Identify support and resistance levels. Try to understand the strength of buyers and sellers by looking at volume analysis.
Those who believe in sheetcoins basically lose their capital, believe like a fool and in the end they blame cryptocurrency. They create backbiting to others for their wrong beliefs, (Bitcoin is Bitcoin) No other coin is ever compared to Bitcoin. From the beginning of this thread to today, no one has been able to prove that sheetcoin is good, but you can ask thousands of millions and educated people in almost all countries of the world, they will definitely give you positive ideas about Bitcoin. And to get proof of Bitcoin, you can learn about El Salvador.