Buy Buy Buy or Sell Sell Sell?

[sotelorene]

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?

Sell your bitcoins!

I don't really know the reason this folk said one should sell his or her Bitcoin in this period but the only reason I see is because we are experiencing Dip now and that is not enough reason for someone to sell off their Bitcoin especially those that have decided to hold for long term, I'm sure they understands whatsoever that is happening currently in the market and I want to believe this folk is a trader and nothing more because someone with a long term mindset and target will never suggest or advise his or her colleagues to sell now and this is a misleading information.

[Dreadboost]

With what is happening in the market and all the questions you asked here, I don't think their is any special strategy to avoid buying at $100k plus, because during those periods when Bitcoin price was $123k, $100k was seen as a serious dip, so I don't think that earnonvictor is talking base on the fact that he has any strategy in mind, though I might be wrong. He might be targeting a much lower price since he always emphasizing on acting smart as a Bitcoin investor, but those types of situations are unavoidable because no one knows what may happen to the price of Bitcoin next, since you might buy now thinking it's a dip, and in the next hours or days, a much lower dip you never imagined may surface.
So all I can say in a situation like that, since we are long term investor, we have nothing to worry about because it's just a matter of time before Bitcoin rally back to it previous high and even sets a new all time high along the line, so going long term is the only way an investor needs to look at things, in other not to feel bad or whatsoever when he bought at the top, because that $125k that we are looking at as too expensive now may be a serious dip later in the future when Bitcoin has skyrocket to $500k or a million dollars in the future.

Indeed mind set does matter, in investment generally you have 2 options, long term investment or short term investment.
But with the nature of Bitcoin and its volatility, only long term should be consider, this is a knowledge that has to be known before anyone starts investment in Bitcoin.

Even as jobs need you to be qualified before you get the job, Bitcoin investment is just similar, you need to get some knowledge about it before you start the investment, don't just invest with motivational impulse, apart from knowledge you also need good amount of discipline and patience as well.

[Bigjoe158]

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?

Sell your bitcoins!

Wow, what a mysterious and audacious suggestion from a newbie with one activity, @monstarcoolman try not to prejudge situation without getting proper knowledge of what is being discussed. I’ll suggest you do more of learning from others senior member here than jumping to conclusions without fact.

If you have coins to sell you are free to do so. Don't ask if it is right to sell now or not . Those who are in the business of BTC long enough to know when to sell and when not to sell. Now the price is dip and this is the time to buy. Market is gamble and those who have the idea of BTC market will buy instead of selling. The audacity at which you said sell your BTC is what baffles me,it seems you have forecasted the BTC market long ago. My advice is hang on.

[Tonimez]

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?

Sell your bitcoins!

This comment is so catchy and I think there could be more underlying reasons for saying this here. A close look at this account has a lot of things to consider. Firstly, it is possible that he is an alt account of an investor who made an investment error and sold at lost and out of frustration has come to cause chaos amongst other investors. Another angle could be a newbie who doesn't want to learn first before giving advice. Since making this post over 10 hours ago, he hasn't made any post again. This whole thing looks suicidal and I hope he is in good condition.

Bitcoin investment is not a do or die because the perception we have about bitcoin from the initial stage really matters a lot and goes a long way to determine our success. Many people have lost a lot of funds due to bitcoin gambling and such people always end up been an enemy of bitcoin. We have to remain focused on the future and also avoid any form of panic selling of our bitcoin. Investing with a Discretionary income will help you to be able to HODL your bitcoin for a long time. Again avoid borrowing to invest in bitcoin because you may be forced to sell at loss when you are no longer able to pay back your loan.

Sell your bitcoins!

Noted but highly Ignored

[Bobrox]

Indeed mind set does matter, in investment generally you have 2 options, long term investment or short term investment.
But with the nature of Bitcoin and its volatility, only long term should be consider, this is a knowledge that has to be known before anyone starts investment in Bitcoin.

Even as jobs need you to be qualified before you get the job, Bitcoin investment is just similar, you need to get some knowledge about it before you start the investment, don't just invest with motivational impulse, apart from knowledge you also need good amount of discipline and patience as well.

For long term not really require much knowledge about bitcoin and cryptocurrency just get braveness for entering then waiting for long term to sell bitcoin assets, in other way for long term investment after investing in bitcoin forget and open the market later depend how many years bitcoin want to hold.
Difference for trader want to trade with short term need to know the right time for entering and have understand well about the market condition how long have to sell before bitcoin get possibility dump again, if want to be long term holder just know basic investment about bitcoin but if you want to be long term holder must update the market and cryptocurrency news every day.

[Princess Leah]

Indeed mind set does matter, in investment generally you have 2 options, long term investment or short term investment.
But with the nature of Bitcoin and its volatility, only long term should be consider, this is a knowledge that has to be known before anyone starts investment in Bitcoin.

Even as jobs need you to be qualified before you get the job, Bitcoin investment is just similar, you need to get some knowledge about it before you start the investment, don't just invest with motivational impulse, apart from knowledge you also need good amount of discipline and patience as well.

For long term not really require much knowledge about bitcoin and cryptocurrency just get braveness for entering then waiting for long term to sell bitcoin assets, in other way for long term investment after investing in bitcoin forget and open the market later depend how many years bitcoin want to hold.
Difference for trader want to trade with short term need to know the right time for entering and have understand well about the market condition how long have to sell before bitcoin get possibility dump again, if want to be long term holder just know basic investment about bitcoin but if you want to be long term holder must update the market and cryptocurrency news every day.

You're making a good  point but to an extent cause a long-term holder doesn't have to always monitor the market every now and then, what is required after knowing the basics is buying and holding, not only holding but holding for a longer perioid and sell some portions when it's the rightful time then continue holding.

 Several people claim they're good in trading and have mastered the act of buying and selling long or short, know how to calculate and use their stop lose but we can't deny that trading is more riskier than holding, the major thing that makes holding tough for people is lack of patience, many people want it the easy way and end up liquidated but there's more hope for profits on the long run if you hold Bitcoin for many years.

[Kuchuku]

I think that people who have A big capital tend to Invest in bitcoin Short Term, because they have a big capital and a short term less percentage profit can be a Good and Healthy Amount. But most of these people have to bear loses as Bitcoin is a Volatile Asset. While People who want to Create wealth, or a good amount from scratch then a good strategy like DCA might prove beneficial for them, because small amounts compound over time and Bitcoin also Increases the value of the Fiat getting compounded. I think for people like me DCA is Best.

I don't think that it's about who have a large capital or not, what I think is that it's more about the mindset of the said investor, because a trader can still have a small capital and may likely trade it just for quick profit, and that is how someone may have a huge capital and still trade it because he has no interest in investing, so what am trying say is that, it's more about the mindset of the person involve than the figure used to execute their wish.

Basically, most of those who invest in the short term want quick results. And they face big losses due to not having enough knowledge about investing in Bitcoin. Many people may be afraid to invest due to lack of knowledge about Bitcoin investment despite having a lot of capital. Having the right knowledge is necessary in investing in Bitcoin, which increases patience and reduces fear. DCA strategy is very important in investing in Bitcoin and is very effective for investors, as it helps in creating Bitcoin savings. Bitcoin is basically a long-term investment, so we should invest in Bitcoin using discretionary income.

[HustleZ]

You may have large capital but you don't have the knowledge of BTC investment, because you will be afraid to invest any amount of money in BTC. For those that have the knowledge of BTC they can take any risk that will not going to lead them to death, because they understand how decentralized currency move in the bear season and bull season, which is the confidence some of them have compare to those that have the capital but they don't have the knowledge of BTC investment.

Not just only a mindset but knowledge about BTC hodling, when you have the knowledge to know the type of coin to hodl in the short period of time or long period of time, it will make you comfortable when waiting for the bull market to hit the market before you can sell.

That's Absolutely Right, Only Capital does not matter in Bitcoin investment, while it plays a big part a bigger part is being played by Conviction. Believing in Bitcoin is absolutely necessary for investing in it. Bitcoin has cycles in which the faith of people are checked and those who are for quick money ( opened leveraged positions ) or those who don't believe in it often fall in those cycles. And people who have knowledge and understanding of Bitcoin, The people who it's worth and it's potential Grab the Bitcoins from them. I made an earlier post on the same topic in Bitcoin Discussion where I focused on the Same point, people who do not believe in Bitcoin tend to sell Their lots in these market situations because of fear while people who believe accumulate more. Then those people who have sold live with regret. We should learn from them and Educate ourselves more about Bitcoin.

THIS is a short 5-minute video that might help those people strengthen their believes. #KeepHodlin

[Cgrexp]

With what is happening in the market and all the questions you asked here, I don't think their is any special strategy to avoid buying at $100k plus, because during those periods when Bitcoin price was $123k, $100k was seen as a serious dip, so I don't think that earnonvictor is talking base on the fact that he has any strategy in mind, though I might be wrong. He might be targeting a much lower price since he always emphasizing on acting smart as a Bitcoin investor, but those types of situations are unavoidable because no one knows what may happen to the price of Bitcoin next, since you might buy now thinking it's a dip, and in the next hours or days, a much lower dip you never imagined may surface.
So all I can say in a situation like that, since we are long term investor, we have nothing to worry about because it's just a matter of time before Bitcoin rally back to it previous high and even sets a new all time high along the line, so going long term is the only way an investor needs to look at things, in other not to feel bad or whatsoever when he bought at the top, because that $125k that we are looking at as too expensive now may be a serious dip later in the future when Bitcoin has skyrocket to $500k or a million dollars in the future.

Indeed mind set does matter, in investment generally you have 2 options, long term investment or short term investment.
But with the nature of Bitcoin and its volatility, only long term should be consider, this is a knowledge that has to be known before anyone starts investment in Bitcoin.

Even as jobs need you to be qualified before you get the job, Bitcoin investment is just similar, you need to get some knowledge about it before you start the investment, don't just invest with motivational impulse, apart from knowledge you also need good amount of discipline and patience as well.

There is a big difference between the perspective of a trader and an investor towards Bitcoin. Experienced investors can easily get annoyed by traders who think they know how to ride the market waves. It is very difficult for traders who have been invested in Bitcoin for a few cycles or more to outperform their performance. This is because investors have simply followed a buy-and-hold strategy. The longer someone has been investing and has already made an initial investment, the harder it is for a trader to lose. Even those who are buying continuously can easily and with less risk increase their average than a trader. Trying to sell Bitcoin and buy it back again is risky and adds an element of gambling. Trading is especially bad for those who are building their stack. Investors should aim for long-term savings. Success in Bitcoin comes through patience and consistency. Trading or gambling is harmful for new investors, the objective should be to create long-term permanent wealth.

[Merit.s]

Basically, most of those who invest in the short term want quick results. And they face big losses due to not having enough knowledge about investing in Bitcoin. Many people may be afraid to invest due to lack of knowledge about Bitcoin investment despite having a lot of capital. Having the right knowledge is necessary in investing in Bitcoin, which increases patience and reduces fear. DCA strategy is very important in investing in Bitcoin and is very effective for investors, as it helps in creating Bitcoin savings. Bitcoin is basically a long-term investment, so we should invest in Bitcoin using discretionary income.

you don't have to gather much knowledge but only the basic knowledge of bitcoin in order for you to start your bitcoin investment as a long-term investor because you are only to be buying while you learn along side.

The most important thing is for you to figure out your discretionary income and  how much you can use to buy bitcoin weekly, continuously overtime. Bitcoin knowledge is broad and frequently there use to be a new development in the network to enhance the security of the network. Which means that as long as you are investing in bitcoin, you are to keep on learning more about your investment (bitcoin) even at old age.

[Bluedrem]

I don't really know the reason this folk said one should sell his or her Bitcoin in this period but the only reason I see is because we are experiencing Dip now and that is not enough reason for someone to sell off their Bitcoin especially those that have decided to hold for long term, I'm sure they understands whatsoever that is happening currently in the market and I want to believe this folk is a trader and nothing more because someone with a long term mindset and target will never suggest or advise his or her colleagues to sell now and this is a misleading information.

Those who do not know about the right strategy of Bitcoin investment decide to invest in Bitcoin very early. When an investor comes to invest in Bitcoin, he must admit at the beginning that no matter where the Bitcoin market goes, he should not panic, that is, even if Bitcoin falls by 70-80 percent from its highest price, he should not panic because we have seen many such crashes of Bitcoin in the past, but most of the time Bitcoin recovers this price in the next cycle and creates a new ATH again. Therefore, those who have come to invest in Bitcoin without having much idea about Bitcoin investment should be aware of the right investment strategy along with investment management. And if the price is low, smart investors will never destroy their portfolio, what they will do is buy more Bitcoin and take it as a buying opportunity. That is, this will be a great opportunity to increase the portfolio.

[ChocolateBitcoinK]

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?

Sell your bitcoins!

Wow, what a mysterious and audacious suggestion from a newbie with one activity, @monstarcoolman try not to prejudge situation without getting proper knowledge of what is being discussed. I’ll suggest you do more of learning from others senior member here than jumping to conclusions without fact.

If you have coins to sell you are free to do so. Don't ask if it is right to sell now or not . Those who are in the business of BTC long enough to know when to sell and when not to sell. Now the price is dip and this is the time to buy. Market is gamble and those who have the idea of BTC market will buy instead of selling. The audacity at which you said sell your BTC is what baffles me,it seems you have forecasted the BTC market long ago. My advice is hang on.

Making decisions in the volatility of the Bitcoin market is not always easy because it is difficult to predict. Investors who have been involved in the Bitcoin market for a long time know when to sell and when to be patient, but when a new investor enters the market, he is not able to say for sure whether it is time to buy now or when to sell now. Those who mainly follow a long-term plan can use that opportunity according to their ability when the price drops. Since each person's financial management and risk tolerance are different, it may be logical to sell to reduce their own risk or for short-term needs. Investing becomes a gamble only when decisions are made without planning and risk management due to emotion or ignorance. It is necessary to have the courage to invest, but it is also necessary to understand your own limits and capabilities and accept uncertainty. Decisions should not be made based on emotion or following others.

[POPOLUV]

I think that people who have A big capital tend to Invest in bitcoin Short Term, because they have a big capital and a short term less percentage profit can be a Good and Healthy Amount. But most of these people have to bear loses as Bitcoin is a Volatile Asset. While People who want to Create wealth, or a good amount from scratch then a good strategy like DCA might prove beneficial for them, because small amounts compound over time and Bitcoin also Increases the value of the Fiat getting compounded. I think for people like me DCA is Best.

I don't think that it's about who have a large capital or not, what I think is that it's more about the mindset of the said investor, because a trader can still have a small capital and may likely trade it just for quick profit, and that is how someone may have a huge capital and still trade it because he has no interest in investing, so what am trying say is that, it's more about the mindset of the person involve than the figure used to execute their wish.

You may have large capital but you don't have the knowledge of BTC investment, because you will be afraid to invest any amount of money in BTC. For those that have the knowledge of BTC they can take any risk that will not going to lead them to death, because they understand how decentralized currency move in the bear season and bull season, which is the confidence some of them have compare to those that have the capital but they don't have the knowledge of BTC investment.

Not just only a mindset but knowledge about BTC hodling, when you have the knowledge to know the type of coin to hodl in the short period of time or long period of time, it will make you comfortable when waiting for the bull market to hit the market before you can sell.

For now, considering how BTC market is,if you have the knowledge and money short term investment is preferable. Reason been the market is on a low and the price has dropped so investing heavily now means taking greater risk. Short term risk is better because if you invest heavily today the next morning you might see an upward movement in price and boom you cash out. Although BTC price is unpredictable that is why i prefer the short term.

Your information is really misleading here, because if actually you have eventually try these method of yours, you will understand that you can't compare and suggest that short term investment is more preferably, on a second thought have you ever think the possibility of investing using short term investment with huge income as you said and reaching the next it happens that you lost almost half of what you have invested on, my follow investors i will advise you not to be afraid having patient in a long term investment, and consider buying Bitcoin aggressively or small by small consistently since Bitcoin deal with the future and Bitcoin can add in value in the parallel market along the lines, so is investing in a long term always remain the best as far as Bitcoin investments is concerned.

[PhilosopherKing]

For now, considering how BTC market is,if you have the knowledge and money short term investment is preferable. Reason been the market is on a low and the price has dropped so investing heavily now means taking greater risk. Short term risk is better because if you invest heavily today the next morning you might see an upward movement in price and boom you cash out. Although BTC price is unpredictable that is why i prefer the short term.

What the hell man. You lot should know better than to be fucking around with trading. Bitcoin is long term and you should invest in it for a long term of a cycle and more by using the strategy called DCa. Trading will just dink you in more losses than you can possibly imagine.

Have a look at this post that I saw while searching on the dangers of fucking around with trading bitcoin. Learn from how this dude destroyed himself when chose trading over long term investment.

He write the post in 2018, Imagine that dude focused on investing in bitcoin from that time till now, that will be approximately two cycle of investing which should have gotten his finances to the peak.
https://bitcointalk.org/index.php?topic=3860402.msg37433822#msg37433822

[red4slash]

For now, considering how BTC market is,if you have the knowledge and money short term investment is preferable. Reason been the market is on a low and the price has dropped so investing heavily now means taking greater risk. Short term risk is better because if you invest heavily today the next morning you might see an upward movement in price and boom you cash out. Although BTC price is unpredictable that is why i prefer the short term.

This was a mistake for me. How can short-term investment in bitcoin be less risky than long-term risk? Your understanding is reversed friend because when talking about risk, the long term still allows us to be more able to minimize the risk in daily or perhaps short-term volatility and we can also maximize the growth potential in terms of price.

I know maybe the price is always a benchmark because in this case value is always one of the things that cannot be separated for some people but when we are too focused on it and think that the short term is currently the best, it actually becomes a wrong decision because in any case the long term is always superior to the short term.
Especially if we only focus on trading to buy and sell in the hope of getting more profit, it becomes a much more risky situation and I don't think I need to give examples because nowadays even on forums there are many people who are destroyed just because they trade even if they trade in bitcoin.

[Bigjoe33]

I think that people who have A big capital tend to Invest in bitcoin Short Term, because they have a big capital and a short term less percentage profit can be a Good and Healthy Amount. But most of these people have to bear loses as Bitcoin is a Volatile Asset. While People who want to Create wealth, or a good amount from scratch then a good strategy like DCA might prove beneficial for them, because small amounts compound over time and Bitcoin also Increases the value of the Fiat getting compounded. I think for people like me DCA is Best.

I don't think that it's about who have a large capital or not, what I think is that it's more about the mindset of the said investor, because a trader can still have a small capital and may likely trade it just for quick profit, and that is how someone may have a huge capital and still trade it because he has no interest in investing, so what am trying say is that, it's more about the mindset of the person involve than the figure used to execute their wish.

You may have large capital but you don't have the knowledge of BTC investment, because you will be afraid to invest any amount of money in BTC. For those that have the knowledge of BTC they can take any risk that will not going to lead them to death, because they understand how decentralized currency move in the bear season and bull season, which is the confidence some of them have compare to those that have the capital but they don't have the knowledge of BTC investment.

Not just only a mindset but knowledge about BTC hodling, when you have the knowledge to know the type of coin to hodl in the short period of time or long period of time, it will make you comfortable when waiting for the bull market to hit the market before you can sell.

Your concept understanding here is correct but it is mainly for trading, not for long term investment. Because the one who has money and knowledge is definitely aware of the volatility of Bitcoin, due to which he will plan long term investment but not in any other coin.

It is right that one cannot become an investor just by having money and there is a difference between an investor and a trader. So to invest in Bitcoin, understanding Bitcoin is the real power. However, both investor and trader should have knowledge and it reduces fear, increases patience and thus increases the chances of profit in investment.

Having knowledge and understanding bitcoin isn't bad, but that is not the real power. The real power lies in your ability to first figure out what your discretionary income is, with which you can begin your investment with, and a common sense, that's where the real power lies. Because if you have figured out your discretionary and have started, knowledge and skills can actually be acquired while already in the market and accumulating Bitcoin.  So the emphasis is more on figuring out your discretionary and staring your investment, that's the main power that boosts you later and grants you access to learning all other things about the investment.

[JayJuanGee]

Sure past performance does not guarantee future results, so we have to figure out the extent to which we consider consistently and persistently putting value into bitcoin is going to give us greater options in the future as compared to if we had not and/or as compared to if we are fucking around trying to strategize when to buy and when not to, and even worse if we are fucking around selling and ending up being "out" when we should have had been "in."

If it can't be used as a guarantee for the future our past actions will certainly be a good lesson. With discussions like this we will certainly be more careful in our actions remembering that no matter how much we do there must be an attitude that our actions are not 100% guaranteed for our future. Therefore every action must be considered carefully because the results are often questionable. However with what has been revealed here I think others will be more careful in strategizing when the right time to act.

You might be over thinking that matter, since the best time to buy bitcoin was yesterday and the next best time to buy bitcoin is today.  

We cannot turn back the clock, but we can act from today while attempting to use information of past price performance to attempt to understand aspects of bitcoin that are not just related to it's historical price dynamics yet maybe considering various aspects of bitcoin's adoption and/or network effects (as categorized and outlined by Trace Mayer) that go along with its adoption.

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?

Sell your bitcoins!

I don't really know the reason this folk said one should sell his or her Bitcoin in this period but the only reason I see is because we are experiencing Dip now and that is not enough reason for someone to sell off their Bitcoin especially those that have decided to hold for long term, I'm sure they understands whatsoever that is happening currently in the market and I want to believe this folk is a trader and nothing more because someone with a long term mindset and target will never suggest or advise his or her colleagues to sell now and this is a misleading information.

If a guy had spent a couple of years accumulating bitcoin, then it makes little to no sense to sell any of those coins and to gamble with all of the that was put into the accumulation of the bitcoin.  

In my own experiences, I recall so many times when guys were talking about dips that did not end up happening, so there were bitcoin holders/accumulators who sold some or all of their bitcoin out of expectations to buy back more BTC cheaper, yet they ended up with either fewer coins or having to spend a lot more money to try to build their bitcoin back up to its previous size.

So then yeah, if a guy has coins he has options to sell some or all of them, yet selling some or all of them might not be a good thing - especially if guys have goals to accumulate bitcoin.

[cyberninja2]

You might be over thinking that matter, since the best time to buy bitcoin was yesterday and the next best time to buy bitcoin is today.  

Currently the focus is more on learning to understand investment so that under current conditions we don't invest too aggressively for the long term. This discussion is necessary because a few years ago we might have easily earned income leading us to invest very aggressively. This thinking ensures that we have a guarantee of future returns on our investments.

We cannot turn back the clock, but we can act from today while attempting to use information of past price performance to attempt to understand aspects of bitcoin that are not just related to it's historical price dynamics yet maybe considering various aspects of bitcoin's adoption and/or network effects (as categorized and outlined by Trace Mayer) that go along with its adoption.

It is true because turning back time will not be possible anymore and as is currently happening in conditions where prices have fallen drastically so if we have ever experienced prices that are at $110K of course now we also need market prices like those that occurred several years ago meaning that now sometimes we only need to see why it could happen several years ago where market conditions did not fall as much as they are now so that currently some people are still considering several aspects that perhaps the adoption of these aspects can run according to things that are categorized in terms of trying again.

[arwin100]

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?

Sell your bitcoins!

I don't really know the reason this folk said one should sell his or her Bitcoin in this period but the only reason I see is because we are experiencing Dip now and that is not enough reason for someone to sell off their Bitcoin especially those that have decided to hold for long term, I'm sure they understands whatsoever that is happening currently in the market and I want to believe this folk is a trader and nothing more because someone with a long term mindset and target will never suggest or advise his or her colleagues to sell now and this is a misleading information.

If a guy had spent a couple of years accumulating bitcoin, then it makes little to no sense to sell any of those coins and to gamble with all of the that was put into the accumulation of the bitcoin.  

In my own experiences, I recall so many times when guys were talking about dips that did not end up happening, so there were bitcoin holders/accumulators who sold some or all of their bitcoin out of expectations to buy back more BTC cheaper, yet they ended up with either fewer coins or having to spend a lot more money to try to build their bitcoin back up to its previous size.

If they already spend lot of years accumulating Bitcoin, that thinking about selling on the dip is really bad decision to take. Those people do that like trying to spot a perfect time to sell their Bitcoins might gonna lose and maybe they might waste all those efforts made then try to start over again. For sure this is disappointing phase for investor and that's why better focus on their plan and don't better don't ride with the hypes.

Much better if they choose to hold their position for more years since there's provably nothing bad or stressful situation will happen to them. Since that decision to sell their Bitcoins will surely derail their plans and they might get afraid to start out of disappointment of bad outcome of their past decisions.

[Call_Me_Guru]

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?

Sell your bitcoins!

I don't really know the reason this folk said one should sell his or her Bitcoin in this period

You are still querying the reason, but me, no reason can be justifiable for anyone to sell their Bitcoin when it is now at a low reasonable enough to buy without thinking. Every strategy works fine for buyers now,  but none works for sellers. "Accumulation" should be in the mind of everyone now, not selling. You accumulate now, you smile tomorrow. Bitcoin doesn't mean you should be perfect on the Timing and the Pricing, it only means you shouldn't "miss-out" at the right Times and Prices. This is exactly the definition of that. Selling is just 100% off.