Is it safe to buy now? - page 6. | Bitcointalksearch.org

bettercrypto

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Quote from: Steph91 on January 14, 2023, 08:44:51 PM

I observed that the cryptocurrency market is a kind of green at the moment, but as a beginner, I still find it difficult to tell when the market is actually bullish. I will appreciate any advice from fellow community members concerning this current situation because I'm considering to buy some coins but finding it difficult to decide on which coin to give a trail.

Just a kind advice, the risk is mine.

But in a few days that I have noticed and maybe other communities here in the crypto space have also noticed that the price value of bitcoin is gradually increasing, and for three days in a row, it is increasing slowly.

If it continues for 4 weeks maybe this is the signal that we enter the bull run, but this is just my opinion, so before we regret it in the end let's buy as long as we have any coins to buy we want apart from bitcoin.

Altryist

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Quote from: SirLancelot on January 23, 2023, 02:51:00 PM

Buying in a bull market? I think that sounds wrong but the best time to buy is only when the market is in bear. In a bull market, there are times where we can see a red candle but it doesn't mean that it's a good time for buying as the decrease in price is only small and there is a chance that after you buy the price will decline further so it's better if we can wait first.

A red candle in a bull market can be a good day trading opportunity, but if you are a long-term trader, then this is not worth paying attention to. Of course, it is worth buying in a bear market, there were many opportunities for this in 2022. Now we are still in a favorable zone for long-term buying, but if you are a short-term trader, then you need to be careful now, as there is a risk of correction.

tygeade

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Quote from: SirLancelot on January 23, 2023, 02:51:00 PM

In a bull market, there are times where we can see a red candle but it doesn't mean that it's a good time for buying as the decrease in price is only small and there is a chance that after you buy the price will decline further so it's better if we can wait first.

Yeah, it is safe to buy now for sure. I believe that we are on the start of a bull run, it's not going to be just this year where the price is going up, maybe we won't even break over the ATH price this year, but that doesn't change the fact that it's going to be on the rise. Look at how much we went up just in the first three weeks of 2023, and imagine how many more weeks we have left.

We have about 48 weeks left in the crypto world and even if we go up on average 1-2% on each of those weeks, doesn't have to be every week, but could be higher in some weeks than others, then we are going to end up with at least 40-50k dollars and that would be great for us, most people will be back in profit.

carlfebz2

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Quote from: greengrassis on January 23, 2023, 01:22:00 PM

No one will say that it is safe and what is not. Analysts, too, with small creeds will be able to say exactly what the market awaits after a while. So, it is worthwhile to understand that in trading it is the risk that makes profit.

And you would need to take up some risks for you to be able to potentially make profits and this is something a personal choice to deal with.Safe to buy now? There's no one would be able to know because this

market is really that unpredictable and there's no way that you would be able to know on whats ahead.This is why self analysis and made out strategies is really that relevant into these particular times.

If you wont be able to bare up with the risk, then you would be ending up on missing opportunities on getting in or buying cheap and this is why
its up to your own choice and preference on when to move.

Fredomago

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Quote from: salad daging on January 23, 2023, 02:03:23 PM

Quote from: Jatiluhung on January 23, 2023, 06:35:43 AM

No one knows when the market will be truly bullish. But at least if we have done a good fundamental analysis. and have found out which coins still have good potential. then installments from now is what I do. or maybe i have made some altcoin purchases since bitcoin was at 16k. But now some altcoins have shown a pretty good increase. for example Aptos. So I have not dared to buy it yet. But some say that Aptos still has higher upside potential. But I don't want to take the risk. I prefer to buy coins that haven't had a high enough increase like BNB, ADA and Matic.

but if you are still confused about the choice of coins that you will buy. then I think Bitcoin is still better.

Now might be the right time to say bullish because prices keep sticking out but I'm not sure this will last long and of course a correction will definitely occur again in the future but indeed the beginning of the year was quite good considering the current market potential.
But I'm not brave enough with any altcoin long term it's quite risky with a sharper drop than bitcoin so I always do DCA in bitcoin with no other cryptocurrency but whatever be your best fundamental maybe it's an option including some other altcoins but I feel it's not suitable for me.

It's enough that bitcoin has more potential than other coins, it's clear there is no confusion than other shitcoins.

It's better to stay where you feel your comfortable to deal with, it's true that the potential is good for buying assets, the market is showing some little increase and it's not showing any downfall yet, those who manage to buy as early as last month are now in good profitable gain, but, it's not ours to conclude if the market will continue moving upwards or there's already an upcoming corrections, better not to forget doing your homework before placing your investment or taking your buying position.

Decide only if you are fully convince that the potential is really high, if not, always do your assessment and analyze your desicions.

CryptocurencyKing

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Quote from: Hyphen(-) on January 23, 2023, 02:56:21 PM

Quote from: Steph91 on January 14, 2023, 08:44:51 PM

Just a kind advice, the risk is mine.

As you can see, the market is not predictable because no one can predict its exact direction.
All you need is a risk-taking mindset, but before investing in any Altcoins, do your own research about the project because no one can be trusted and there are scammers everywhere;

No doubt altcoins comes with the greatest risk as you never can tell which one would dump never to rise again and you've got a million of them listed in the various exchange and features in the market.

When it comes to bitcoin, it's just as unpredictable as other coins but comes with a promise of a rise in time. Fortunately, there is a speculative time range for which this rise (bullrun) is anticipated to be about.

If you understand that there is a risk taking to an investment and the promises bitcoin comes with, you won't be scared to invest or have timing to it but instead, have a plan that ensures you make profit at the end of the day.

greengrassis

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No one will say that it is safe and what is not. Analysts, too, with small creeds will be able to say exactly what the market awaits after a while. So, it is worthwhile to understand that in trading it is the risk that makes profit.

Hyphen(-)

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Quote from: Steph91 on January 14, 2023, 08:44:51 PM

Just a kind advice, the risk is mine.

As you can see, the market is not predictable because no one can predict its exact direction.
All you need is a risk-taking mindset, but before investing in any Altcoins, do your own research about the project because no one can be trusted and there are scammers everywhere; I'm sure you've heard or seen how Luna and FTX ruined some people's investments, so make sure you conduct thorough research before investing in any altcoin.

If possible, invest in Bitcoin because the risk associated with Bitcoin investment is lower than that of Altcoins.

SirLancelot

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Quote from: irhact on January 22, 2023, 07:45:29 PM

Quote from: AicecreaME on January 19, 2023, 10:38:21 AM

Red candles are good indications to buy, if you bought bitcoin on its lowest price, then you could've made already profits since it pumped up to $21,000.

Red candles are good indicator to buy only in bull market or when you're a long term investors looking for when to accumulating your coins then you can decide to buy at every dip in the market. In the bear market, be very careful of red candles as they could indicate a further dip in the market is about to occur and when you buy during this dip, you're already starting your investment on a negative loss and this could influence your other decisions.

In this market, the charts aren't always accurate as human efforts still plays a very big role so don't always rely on them. Majority of the daily traders are novice that can be easily manipulated by the market. And whales are guilty of this behavior. We should wait for some confirmation of the bull market actually returning fully before joining in buying just because of this small recovery by the market.

Buying in a bull market? I think that sounds wrong but the best time to buy is only when the market is in bear. In a bull market, there are times where we can see a red candle but it doesn't mean that it's a good time for buying as the decrease in price is only small and there is a chance that after you buy the price will decline further so it's better if we can wait first.

Charts are created to display the price movements but you can base your predictions at it. Human efforts or decision making will actually based on how we look at the price but we should avoid getting distracted, being too emotional and being greedy as that helps us to go against our plans.

salad daging

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Quote from: Jatiluhung on January 23, 2023, 06:35:43 AM

No one knows when the market will be truly bullish. But at least if we have done a good fundamental analysis. and have found out which coins still have good potential. then installments from now is what I do. or maybe i have made some altcoin purchases since bitcoin was at 16k. But now some altcoins have shown a pretty good increase. for example Aptos. So I have not dared to buy it yet. But some say that Aptos still has higher upside potential. But I don't want to take the risk. I prefer to buy coins that haven't had a high enough increase like BNB, ADA and Matic.

but if you are still confused about the choice of coins that you will buy. then I think Bitcoin is still better.

Now might be the right time to say bullish because prices keep sticking out but I'm not sure this will last long and of course a correction will definitely occur again in the future but indeed the beginning of the year was quite good considering the current market potential.
But I'm not brave enough with any altcoin long term it's quite risky with a sharper drop than bitcoin so I always do DCA in bitcoin with no other cryptocurrency but whatever be your best fundamental maybe it's an option including some other altcoins but I feel it's not suitable for me.

It's enough that bitcoin has more potential than other coins, it's clear there is no confusion than other shitcoins.

Jatiluhung

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No one knows when the market will be truly bullish. But at least if we have done a good fundamental analysis. and have found out which coins still have good potential. then installments from now is what I do. or maybe i have made some altcoin purchases since bitcoin was at 16k. But now some altcoins have shown a pretty good increase. for example Aptos. So I have not dared to buy it yet. But some say that Aptos still has higher upside potential. But I don't want to take the risk. I prefer to buy coins that haven't had a high enough increase like BNB, ADA and Matic.

but if you are still confused about the choice of coins that you will buy. then I think Bitcoin is still better.

KingsDen

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Quote from: Chainsmokers on January 22, 2023, 12:27:09 PM

in my view 2023 is very suitable to start investing in crypto currency,
seeing the very strong price of bitcoin above 20k makes me sure that this year will be the best investment year in crypto currency,
altcoin prices are also currently still very low cheap, and there is a high chance of achieving high profits in the future,
so I can guarantee that this is a very safe and right time to invest.

You may be right if you say that this is a good time to buy;
You may also be right to say that their will be price increase this year;
You may also be correct when you say that the market is safe for invest since the price is still below $30.
But you may not be correct whe you said that this year may be the best year in the world of cryptocurrency. We are not expecting ATH this year and it won't happen.

Slow death

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in that time when the price went up a lot and is at 22700 it became a bit dangerous to buy because this is a very dangerous line, if the price manages to break 24000$ then the next big resistance would be at 28000 - 32000$ then you would have a good profit and even the price could continue to rise, this would be an excellent scenario for you, but if the price drops below 22000$ there is a high probability that it will touch 15000$ once again, the problem in this scenario is that in addition to the price falling a lot even if you keep buying at each drop nothing will guarantee that the 15000$ would be the maximum that the price could fall.

my advice would be that you take it easy and wait for the price to break the 23500$, above that you could make a buy and you would place a stop-loss at 23500$ and you would collect the profits

irhact

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Quote from: AicecreaME on January 19, 2023, 10:38:21 AM

Red candles are good indications to buy, if you bought bitcoin on its lowest price, then you could've made already profits since it pumped up to $21,000.

Red candles are good indicator to buy only in bull market or when you're a long term investors looking for when to accumulating your coins then you can decide to buy at every dip in the market. In the bear market, be very careful of red candles as they could indicate a further dip in the market is about to occur and when you buy during this dip, you're already starting your investment on a negative loss and this could influence your other decisions.

In this market, the charts aren't always accurate as human efforts still plays a very big role so don't always rely on them. Majority of the daily traders are novice that can be easily manipulated by the market. And whales are guilty of this behavior. We should wait for some confirmation of the bull market actually returning fully before joining in buying just because of this small recovery by the market.

Fredomago

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Quote from: AicecreaME on January 19, 2023, 10:38:21 AM

Red candles are good indications to buy, if you bought bitcoin on its lowest price, then you could've made already profits since it pumped up to $21,000. Investing on some coins, like altcoins could be crucial, especially if you don't study about their background, you might lose your funds in the long run. So stick to biggest coins if you want to hodl while the market is in bearish season.

Top performing coins are more reassuring to hold rather than risk your funds on your luck by buying some random altcoins.

Top coin/s are those who you can rely in terms of potentials, buying assets that have good market presence especially those coins that continually moving if you manage to buy those at the price where downfall is ongoing, you can now enjoy decent profits, but the current market still good if you wanted to store your coin for long-term investment.

The risk is always around, but doing your DYOR always gives you the confidence to keep your assets hold and wait for the market to pump high.

_BlackStar

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Quote from: Luzin on January 22, 2023, 08:59:15 AM

The best advice, buy with several stages. This I also do in trading.

Only if they have doubts about the lump sum, Only if they are unsure about the lump sum, then they can consider the DCA.

Quote from: Luzin on January 22, 2023, 08:59:15 AM

But the first piece of advice I give is to choose the best altcoins. The best here may be a little difficult, but for sure there are some coins that have been able to survive to date and thrive instead of the hype.

It would be better if you could recommend it instead of just saying. I did not analyze altcoin, but basically altcoin can also be considered as an investment ^{[only investment, not use cases].}

Quote from: Luzin on January 22, 2023, 08:59:15 AM

Indeed, no one knows when the price will fall, but a trader must know that there is an analysis that must be used. Technical analysis that many traders already know and agree on. Well at least that can help,although in the end the market may change because of the owners of large funds(whales).

Prices can move in any direction either up or down. Demand and supply will affect it and these fluctuations are really hard to predict. You are safe if you invest an amount you can afford to lose, while you also need to adjust your budget for other needs.

Jody.Drummer

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Quote from: Chainsmokers on January 22, 2023, 12:27:09 PM

in my view 2023 is very suitable to start investing in crypto currency,
seeing the very strong price of bitcoin above 20k makes me sure that this year will be the best investment year in crypto currency,
altcoin prices are also currently still very low cheap, and there is a high chance of achieving high profits in the future,
so I can guarantee that this is a very safe and right time to invest.

I even thought earlier (2022) would be a good time to buy bitcoins. Now the bitcoin price is at 22k, having previously stepped on a lower price of 20k. This is the problem, some people see an opportunity when the price shows an increase, and while the price is still below they are reluctant to buy more. In fact, they want a deeper price, even though it could be their last chance to buy at that deep price and bitcoin won't go any lower than that. Now there's no harm in continuing to buy bitcoins, I don't think there's any hesitation to buy bitcoins.

Chainsmokers

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in my view 2023 is very suitable to start investing in crypto currency,
seeing the very strong price of bitcoin above 20k makes me sure that this year will be the best investment year in crypto currency,
altcoin prices are also currently still very low cheap, and there is a high chance of achieving high profits in the future,
so I can guarantee that this is a very safe and right time to invest.

Popkon6

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Quote from: Steph91 on January 14, 2023, 08:44:51 PM

Just a kind advice, the risk is mine.

Your wealth is your risk. I can advise you as a newbie you have to bear your own risk. I can't recommend investing in altcoins but I can recommend investing in Bitcoin if you want. Investing Bitcoin in the current market will not make you lose money. Current time is bull market so now is the right time to invest. Improvement is possible if you use this opportunity.
Investing should be done for the long term. If you invest for a short period of time, you will not achieve much success. So it is better to invest for long term.

Luzin

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Quote from: teosanru on January 20, 2023, 06:38:46 PM

I'll give you the kindest advice, be prepared to have some unrealized loss in the beginning. Go for averaging out, suppose you have 10k to invest. Just go with $2500 on your first buy. Then wait for market to go down if it does buy another $2500. Remember the point is to buy in the bearish times and not in the bullish times.

The best advice, buy with several stages. This I also do in trading. But the first piece of advice I give is to choose the best altcoins. The best here may be a little difficult, but for sure there are some coins that have been able to survive to date and thrive instead of the hype. Maybe if it's Bitcoin's choice, right now maybe the price is still quite cheap if you look at the ATH that has ever happened.
Indeed, no one knows when the price will fall, but a trader must know that there is an analysis that must be used. Technical analysis that many traders already know and agree on. Well at least that can help,although in the end the market may change because of the owners of large funds(whales).

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