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Quote from: Dorkylickjj on March 06, 2024, 08:50:37 AM

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.

At last, we know that DOYR is a very important part of our cryptocurrency. It is very important to do your own research (DYOR - Do Your Own Research) while making your own decisions and not just going by someone's advice. Because emotion or hype in the market can often lead you in the wrong direction. Good results can be achieved only through patience, correct information, and risk management.

This thread is not about shitcoins or to ponder over which shitcoin might be less shitty. You should try to stay on topic. Bitcoin and shitcoins are different things, even though many shitcoins try to present themselves as being similar to bitcoin or better than bitcoin in some kind of way in order to get people to buy those inferior products.

The promoters of shitcoins lure high profits so that newbies easily fall into their trap. Inexperienced and new investors expect high profits in a very short time and they blindly buy those dumb and low-quality products without analyzing the currency. The developers of these products advertise in such a way that they will have skyrocketing potential in a very short time but it was a trap like a spider web for inexperienced and new investors. They can understand in a very short time but they get stuck there and lose their money.
We have a great method like DCA method through which we can deposit Bitcoin even if our income is low and increase our Bitcoin holding through this inovative process.

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