Buying is always best done during the most bearish of states and selling during the most bullish of states. Bear season is actually buying season. So instead of being fearful, people should be stoked that they are given an opportunity to buy low, to buy Bitcoin at a discounted price. Others would think it is irresponsible to recommend buying during the red days in the market. But when is the better time? When the price has already recovered?
Sounds so simple and so great in theory, but good luck getting the typical newbie “investor” to do it successfully; as if we would know what the price floors and price ceilings would be.
For most people — assuming they actually know what they’re investing in, the ever so simple buy and hold is the way to go; while looking for ways to increase cash flow in other places outside crypto.
I agree with your statement- I mean, it is definitely easier said than done especially if you are an investor who invested large quantities of capital in BTC. In this case, the slightest movement of price, whether an increase/decrease, could mean a gain or loss of thousands to millions on your part.
Though I do agree with your point, it is still essential that you recognize the goal behind your investments. If you plan on HODLing your investments for long-term, then better purchase now while the price is bearish. If you plan on focusing on short-term gains, hence, short-term investments, then I really suggest to purchase only a handful of BTCs and trade them once the price increases.
