Is it really a big mistake to sell portion of your bitcoin and then rebuy back when the price has dip?
In the case of long-term investment, I think this is completely wrong. Because Bitcoin is very volatile, when you sell and after some time if you want to buy, if the price of Bitcoin increases a lot in the meantime, then you will have to buy Bitcoin at a higher price. Again, suppose if you invest today at a price of $ 50 and if the price of Bitcoin decreases a lot and if you want to sell your investment and buy again, then you will have lost a lot of money.
The best way for an investor is to continue buying continuously. If a person buys depending on the price of Bitcoin, then it will never be the right decision, but a trader does so. So always depending on your discretionary income and adopting the DCA method and continuing to buy continuously will be the best decision.
Yes, that's definitely right. It's best for an investor to observe when to buy and have the right knowledge. Because buying after some time of selling can cause you to lose. I think it's better to do it long-term and long-term planning is also good because if you consider that you won't hold it for long and don't sell when it increases, it may happen that the price will increase at the time of buying, you may lose, so I would tell you to do it with the right decision. If an investor thinks that the price will decrease and buys it, it is not wise because if you continue to do so, you can improve. If you always sit for a good market, you will only waste your time. I think you can invest alongside a good market and make a profit if you invest for the long term. However, there are many investors who buy and sell based on the price of Bitcoin, but it may be better for them if they hold it for a long time and sell when it reaches the highest level. This may be their characteristic, but I think it is better to survive in all situations.