Topic: Is it safe to buy now? - page 5. (Read 1594 times)

Buying and holding is one of the good start-up for newbies and also for experience traders, newbies might panic when things are not going as planned, but experience experts already knows how to go about everything, always having plan B will triggered and saved one from severe losses. Good entries results to gigantic profits in trading so getting one of the suitable entries in the market despite the bear season, I'm fully convinced that profits will be made without stress, there are several ways one can achieve this profits with good potential spots on the market. Long term investment on a project in the bear season do actually brings much profits, but it requires full-time patience before profits targets will hits.

Bitcoin is a priority, but if we have to diversify assets then the choice of altcoins in the top 10 cmc list will be better. Altcoins are only optional and Bitcoin is the main one for investment. The price of altcoins is indeed influenced by the movement of Bitcoin, but when Bitcoin Rally itself the altcoins cannot follow it.
Let's hope we don't see anything below $20k again, but if the market does change drastically, we need to have a backup plan and reserve cash for buybacks. The next Halving will be the much anticipated Halving.

Buy now and hold. If you buy now for tomorrow, the price will be double what it is today in terms of affordability. Buy now because no matter what happens, you know you are standing on the right side of history. If you approach your purchase with a long-term perspective, you will have no regrets. And you do not need to buy all at once - strategically invest some money daily, weekly, or monthly as you see fit.

Yep. Bitcoin price is around $22k-$23k so far, today it already reached $23,5k. Looks like Bitcoin price is a bit stable now, it is unlikely to drop significantly again. So, I agree that it is a good time to buy some coins if you still want to add more coins to your wallets. However, I prefer to "see and wait", I assume there should be a dump in the near future. If I were you, I will wait for a dump to buy more.

Regarding profits, holding a long run is always good. But makes sure to choose the proper coins. Only choose the coins that have strong fundamentals and have a big community.

This month is a good one since the beginning of the year and we have seen the bullish momentum Bitcoin exhibited few days agonwhich makes every other coins to take the bullish step. Some persons might see the bullish move as an opportunity to buy from the market which could be a good idea but we are still expecting the market to move more bullish to about $40k before the year of the year.
It is very certain that those that might have bought when Bitcoin was $16k would be in huge profits now. This is why is good for us to buy from the mark when the price of Bitcoin is going down. Those that keep buying and the real and potential buyers.

For at least two weeks, Bitcoin has seen a good climb. It will soon surpass 23k fully. It is still dancing between 22k and 23k as of right now. It remains unstable. You need to purchase right now. Actually, you don't have a choice because if you don't, you will lose. The benefit of bitcoin is that, even if the price falls, you will still be okay as long as you hold on to your coins. Additionally, you will undoubtedly profit in the long run.

We can't accurately conclude that the price will go the direction that we are thinking as there are many factors that really affecting how the market is moving, we can say that news are affecting the situation, but it's tough to say since sometimes bad news creates quick dumped then whales will play and will buy those cheap coins to pump up.

You need to rely on your own understanding and not to follow any speculation without doing your own research. You need to make more confirmation before you jump to any conclusion for your trades.

There's always only 3 days whether it would be going up, going down or going sideways.

There's no way that we would be able to precisely predict on where it would be going due to some factors or doesnt really been affected by anything at all on which it is really making much more harder on this point.
This is why people would really be banging up their heads on making use of lots of speculations out from their own analysis which is something that much better to do so rather than
on price predicting or guessing using your own emotion and intuition.

Bitcoin has recorded an all-time high of $69K in 2021. I believe that investing now is the best time, but still consider the amount you can afford to lose. I think 2022 is the year investors enter the market and buy as much crypto as possible including bitcoin. But that doesn't mean they won't do it in 2023 as long as the price is lower than previous ATH.

Yes, learning is always possible especially to hone his skills about crypto and its market. Profit does not come by just hoping for luck, but there must be effort and sacrifice for it.

Those who knows what they will going to do around the exchange are those who will earned decently, regardless of what might causing the problem why the market is down, as long as you know how to take advantage of the situation you will still have a good chance to earn.

Nothing is impossible if you are doing your homework, research and observe first before taking any steps in investing your hard earned money
is the best way to avoid making a big mistake in losing your investment.

Regardless of the position of cryptocurrency, it can be reduce it's price drastically or further improve. There is a common matter of risk. Those who can invest and understand these things will succeed. At present, a small pumping event has been visible at BTC market, which is why all the crypto markets are now active. At the moment there are more than 1 trillion transactions have been done. The current Bitcoin price is about 23000, according to the market situation Bitcoin price is still within the range and this time can be considered as a good time for investment. A slight price reduction after purchase is acceptable. Moreover, this is definitely a good time to buy if you have long-term investment preparations.

Market is still in bear market because it's did not perform well from almost one year. There is lot of fear in the market which produced because of many factors such as Ftx,Aax exchange collapse, bitkeep wallet hacking and huge withdraw from Binance . Among all I think Ftx produced biggest fear in market. Now most of big traders transfered their tokens to cold wallet and trading volume become down in exchanges.
Now marketing is recovering and many coins has been recovered and fear is decreasing. I thinks it's still not safe to buy at this time. We should wait for dip. We can find all coin at very low rate. We should wait for Btc to drop down to 17k and this will best time to place our First entry for safe trading. We can make further entry if it's down.

I have noticed cryptocurrency markets trending upwards with green candles for the past few days. From this point of view if Bitcoin is invested and held then I think there is a desire to profit. In the current market, it has been seen that the market position is gradually changing from a bad level to a good level.  So if investment is made in this market then definitely the desire for profit will be high. especially if you don't lose patience, you must have enough knowledge about the market to invest. because it is very difficult to tell when the market will move to any position so you have to invest carefully.

Not new to see why some altcoins are also moving high as it was affected by Bitcoin. That is why people are hoping that Bitcoin will pump as altcoins are there to follow as well - the real situation of the market. But if we still have the plan to invest now, I would say to better choose Bitcoin, not altcoins. If the rise continues until the end of this quarter, I could really think that we are leaving far from the bottom, probably we're not turning back below $20k until the next halving come.

there is nothing better than bitcoin if we ask about what it has the potential to do. But some altcoins are also starting to recover and reach even higher prices. Predicting the market is not easy and requires technical analysis skills to do so. the market is currently trending upwards and has been able to sustain $20k and above, this may be a good sign as long as there is no negative news about anything plaguing bitcoin.

The investment of cryptocurrency actually take place to newbies or novice when the price of Bitcoin get accelerated, and that's when some people do buy cryptocurrency from different domination for investment. And from my understanding and my observation, i consider buying Bitcoin anytime that's convenient to me depending what i have in mind as a target. But in normal circumstances many people have different reasons while they purchase Bitcoin when the price is high or low.  But the best time and period to buy Bitcoin is when the price is low and especially for people who purchasing for long term investment depending on the target.

Yes, you can buy but the investment is not the whole, and invest in a few coins. If the market crashes for some reason, you will buy again from the bottom, so if you invest in this way, you will not lose it. Good wishes

If I learnt anything trading and being around it's probably that everybody observing the market has got an opinion, u meet a bull, he'll give you his angles and reasons the price will accend, if you met a Bear he'll show the reasons too for his bias, in the end the market tends to play both side. The only winner in this rigged game is the patient trader who has got trust in the asset class he has chosen to trade. If I may quote warren Buffett "the market is a tool meant to transfer money from the impatient and to the patient.." During the pandemic lockdown they threw the asset oil from over $60 to below $1, the same asset traded above $120 in the past year, Billions of $ exchanged hands as many cut their losses only for the market to quickly take off without them,
My point is, there isn't much need to be picking tops and bottoms, because many that tried are on  a rekt boat(that doesn't mean that there are nobodies that have successfully done so). The assumption is that you are a newbie thus this advice is given with your peace of mind at heart, this is where I agree with those that suggested dollar cost averaging in to any major dips for the assets u trust, eg Bitcoin, as no matter how low they went they'll be bought up given time.  

On the other Hand if I were to give you my 2cents of which way from here (but understand that this view is mine and like all other biases can easily falter) I say do not buy yet until the monthly candle closes above 25k,. Understand that there is a weekly death cross about occurs and this current rally will probably be  terminating into it as a retest, and if that becomes the case then new lows will be made,

Be it a beginner or not it's hard to predict the market else almost everyone would be making unimaginable all time profits. Presently like bitcoin,  it can be argued that the market is still not to the extend when it could be referred to as bullish market, it's still too soon and the market is still struggling with the resistant level and it's possible it can fall even though some persons only looking at breaking high .
If you want to give a trial any day anytime bitcoin is the best choice of coin to chose mostly for beginners. (My opinion).

It might a correction also and I believe that market is not well enough to enter right now. If anyone has deep intention to hold long term then it is okay to buy now. Otherwise, we should wait to see the price movement of Bitcoin. It can go down again within short possible of time.