Re: Buy Buy Buy or Sell Sell Sell?

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.

When an investor understands these volatility issues, he will definitely be able to hold Bitcoin for the long term. To achieve success from Bitcoin investment, one must first change one's mindset, since it is a volatile asset, so to hold the investment effectively here, one must prepare a mindset to avoid volatility. Bitcoin never dumps permanently, it dumps for a short period of time due to volatility, so it is not a matter of panic, but if someone does not understand this, then he can easily panic at such times and put Bitcoin investment at risk by making wrong decisions. Therefore, it is definitely necessary to gain general knowledge about Bitcoin so that at least one can understand this volatility and never make the wrong decision to sell the investment.

I agree with you, you are not behind in investing but you have come now. This is for newbies because new investors think they are behind in the present and on the other hand they may also think that a lot of money is needed to invest so they may fail even if they try now, but if you start from now with a source of income from which you meet all the needs of your family and use the remaining money using the DCA strategy and gradually invest weekly and monthly, you will see your investment grow, so even if the present time to invest seems small to you, it will take a much bigger form in the future, if you buy consistently,

It is always better than starting small than never to start at all because there is always a big difference and the moment one start small and as time goes by they will began to grow and increase because they will be gaining insight and their thinking will be different unlike when they first started that is what we call progress. But if you don't start at all you won't be able to notice these things I'm talking about because you are not in the field because only people in the field knows what happen there, we don't need to start big but we ought to grow after starting small and the most important is to hold for long.

Exactly but that shouldn't just discourage us from buying, the worst risk is not taking risk at all, Bitcoin investment is very good and I must say that Bitcoin investment is best now considering the rate at which dollar is skyrocketing now.