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?
That's the normal thing in the market. You buy when you're able to buy and decide until how long you're going to hold it. And the same goes for selling, you sell at the rate that you're satisfied and no matter what happens next will be out of your control. You have no control over the market so if you sell and then suddenly it pumps, what's the matter with that? You'll regret because you've sold too early? That's normal because not everyone that sells are selling at the top and no one knows if it's the top already. That's why plan all of your activities whether you'll buy or sell, as long as you're able to plan that, no regrets afterwards for any decision that you do.
As a Bitcoin investor, when you buy your bitcoin asset may be during the dip, you hold until the market turns bullish, then you will sell, and make your profit, but while selling it is advisable not to panic, otherwise you might loose the profit you are supposed to make. Though it is your decision to sell when ever you want to sell, but when you sell your bitcoin in a haste, because selling to early will make you not to benefit much from the bull market.
When you buy your bitcoin asset, don't forget to keep yourself updated with the market trend, and what other experienced investors are saying about the bitcoin market, and with this, you will be well informed on when you should sell your bitcoin asset .
During the bull market, many investors also miss the opportunity of selling their bitcoin asset at the right time, and thereby incurring losses. The reason being that some of them don't keep themselves updated, and listen to what other experienced investors are really saying about the market.