Is it safe to buy now? - page 8. | Bitcointalksearch.org

Inwestour

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Quote from: GigaBit on January 18, 2023, 09:03:34 AM

After a long period of time, the market has once again seen some growth. This cannot be said to be the beginning of a bullish trend. But this movement was needed. I think the current market condition is very suitable for investment. The market is likely to grow further in the future. But a new investor should keep a few things in mind before investing. Bitcoin price is now slightly above $21000 if an investor buys now and then the price falls below $18000 or $19000 it is possible to overcome it as Bitcoin bullish trend can start anytime. US inflation slowed slightly following last month's report which is very positive for Bitcoin. I think it is very safe to invest at this time but hundred percent safe investment can never be expected in crypto.

Local growth was quite expected, but another thing is that it happened very quickly, and this was exactly what was unexpected. Bitcoin has made a good growth, and moving up is not so easy, the 21k level has so far proved to be insurmountable. And now it seems more likely to me that price will fall a little.

Yes, it is still profitable to buy, but personally I have taken a little pause for now to see what happens next, as I expect a pullback.

I'm not sure that inflation is actually as positive as it looks on paper. It is still tangible, and in the future it will be reflected in prices, even if there is a slight slowdown. For Bitcoin, this is always good news in the long run.

GigaBit

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Quote from: Steph91 on January 14, 2023, 07:44:51 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.

After a long period of time, the market has once again seen some growth. This cannot be said to be the beginning of a bullish trend. But this movement was needed. I think the current market condition is very suitable for investment. The market is likely to grow further in the future. But a new investor should keep a few things in mind before investing. Bitcoin price is now slightly above $21000 if an investor buys now and then the price falls below $18000 or $19000 it is possible to overcome it as Bitcoin bullish trend can start anytime. US inflation slowed slightly following last month's report which is very positive for Bitcoin. I think it is very safe to invest at this time but hundred percent safe investment can never be expected in crypto.

YOSHIE

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Quote from: Steph91 on January 14, 2023, 07:44:51 PM

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.

So, you want to buy some coins in the form of what method you want to apply, trade or invest in the future.

Suggestion:
Bitcoin is a good destination right now, if you want to trade and some other types of cryptos like Ethereum, BNB maybe, your chances of getting good profit in the next few days, maybe next.

But if you focus on altcoins or other types of crypto in general for investment, my speculation is also a suitable move at this time, maybe the bear market is at bottom, only you need to wait for the bull market in the future.

dunfida

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Quote from: ultrloa on January 18, 2023, 05:20:45 AM

Quote from: CryptoSable on January 18, 2023, 03:40:37 AM

While the market is still technically in a bear market, investor sentiment is improving.

Improving to the extent that market is doing a good performance. And those negative sentiments has been change since the speculation of people are in bullish condition now. For sure this is the slow start for getting on that situation since maybe we can feel this year the bullish run or recovery phase of bitcoin.

Im not really that making myself that confident out of those people who do switch up from bears to bullish real quick which it is really that a normal approach and even myself would really be thinking that but i would really be that much prefer on seeing those bearish sentiments out of a bull or positive market on which i would really love to see on different approach about minding about possible correction or dip after some overbought
condition which it is always im that a fan when it comes to this moment.I do prefer because im really that anticipating and trying to catch out cheaper prices.Sell when you are in gains or profits
and then buyback when you do see reds or considerable cheap price.Sounds easy but its never been that simple.

Fredomago

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Quote from: Natalim on January 17, 2023, 04:41:26 PM

Quote from: lalabotax on January 17, 2023, 04:18:09 PM

Quote from: ?? on ??

Quote from: bounceback on January 17, 2023, 01:14:20 PM

No one knows for sure when the bull market will come, although in recent weeks the market has been seen crawling up slowly but the current increase does not mean that the bear market will end, maybe this is just a fortress trap,

This what it makes really that hard to deal and guess with on which there's no way we could really be able to determine whether we are on the bottom now or not.

It is like this. What is usually a sign that the market will actually bullrun is when it has passed the Bitcoin halving. Whereas in this bearish phase, we haven't passed the halving yet, right? So I don't think this is the beginning of a bull run. This may be a temporary increase that will not be too significant. I am sure there will be another market correction later and there will be a positive trend again. This cycle will continue to repeat. that's why we should be more understanding, wise, and also precise when we want to invest. that is, when there is a decline, then we can use Dca as exemplified by many people. Instead of buying when it starts to rise.

DCA is the best option in this kind of market. Whether the current situation is temporary or not, at least we know that the market will never stay at dip but also have the chance to rise. As we beat the $20,000 for Bitcoin, it certainly gives us hope that Bullrun is not impossible and this is to correct those who think the market will collapse.
Yes, Bullrun always happen after halving, so buying now is still safe unless we are buying useless altcoins.

Unless you are wasting your time and money in hope that you are holding some assets that offers quick profits, those are the misconceptions when some good market movement is ongoing, traders who bought alts thinking that it will pump hard during the bullrun are people who mostly regret their investment.

A quick pump from scam assets can be performed by the scam developers/teams behind. Best to choose projects that already have
good foundation and established communities.

ultrloa

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Quote from: CryptoSable on January 18, 2023, 03:40:37 AM

While the market is still technically in a bear market, investor sentiment is improving.

Improving to the extent that market is doing a good performance. And those negative sentiments has been change since the speculation of people are in bullish condition now. For sure this is the slow start for getting on that situation since maybe we can feel this year the bullish run or recovery phase of bitcoin.

CryptoSable

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While the market is still technically in a bear market, investor sentiment is improving.

GeorgeJohn

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Quote from: Steph91 on January 14, 2023, 07:44:51 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.

Actually we can't conclude that the market is on bullish now because it's on a green color, i have started this before on another thread that i come across. That if bitcoin price is not exceed twenty thousand or thirty thousand we can not openly say that we are in bullish, at least this is a example that we shall experience positivity in Bitcoin come this 2023

Natalim

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Quote from: lalabotax on January 17, 2023, 04:18:09 PM

Quote from: ?? on ??

Quote from: bounceback on January 17, 2023, 01:14:20 PM

No one knows for sure when the bull market will come, although in recent weeks the market has been seen crawling up slowly but the current increase does not mean that the bear market will end, maybe this is just a fortress trap,

This what it makes really that hard to deal and guess with on which there's no way we could really be able to determine whether we are on the bottom now or not.

It is like this. What is usually a sign that the market will actually bullrun is when it has passed the Bitcoin halving. Whereas in this bearish phase, we haven't passed the halving yet, right? So I don't think this is the beginning of a bull run. This may be a temporary increase that will not be too significant. I am sure there will be another market correction later and there will be a positive trend again. This cycle will continue to repeat. that's why we should be more understanding, wise, and also precise when we want to invest. that is, when there is a decline, then we can use Dca as exemplified by many people. Instead of buying when it starts to rise.

DCA is the best option in this kind of market. Whether the current situation is temporary or not, at least we know that the market will never stay at dip but also have the chance to rise. As we beat the $20,000 for Bitcoin, it certainly gives us hope that Bullrun is not impossible and this is to correct those who think the market will collapse.
Yes, Bullrun always happen after halving, so buying now is still safe unless we are buying useless altcoins.

lalabotax

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Quote from: ?? on ??

Quote from: bounceback on January 17, 2023, 01:14:20 PM

No one knows for sure when the bull market will come, although in recent weeks the market has been seen crawling up slowly but the current increase does not mean that the bear market will end, maybe this is just a fortress trap,

This what it makes really that hard to deal and guess with on which there's no way we could really be able to determine whether we are on the bottom now or not.

It is like this. What is usually a sign that the market will actually bullrun is when it has passed the Bitcoin halving. Whereas in this bearish phase, we haven't passed the halving yet, right? So I don't think this is the beginning of a bull run. This may be a temporary increase that will not be too significant. I am sure there will be another market correction later and there will be a positive trend again. This cycle will continue to repeat. that's why we should be more understanding, wise, and also precise when we want to invest. that is, when there is a decline, then we can use Dca as exemplified by many people. Instead of buying when it starts to rise.

Crypto Library

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Quote from: Steph91 on January 14, 2023, 07:44:51 PM

~snip~

For answering your question at first I need to know that which trading strategy you took for your investment like Long-term or Short-term, Then I have to decide if the investment is safe for you now. It is true that the market has pumped a bit in the last few days but that does not mean that the bull-market has already started.
Now if you want to invest for long term then I would say observe the market for a few days because in the past we have seen such pumps come few times but after that big downish market was seen. Although the market is currently dip compared to all time high but I would say you can get more better dip than it, so for long term investment you should wait some more time, especially in case of Bitcoin.
But for short time investment you can easily choose BNB or Ethereum in addition to Bitcoin.

bounceback

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Quote from: Steph91 on January 14, 2023, 07:44:51 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.

No one knows for sure when the bull market will come, although in recent weeks the market has been seen crawling up slowly but the current increase does not mean that the bear market will end, maybe this is just a fortress trap, if you want to enter the current market then it is better to choose bitcoin as an investment goal and make purchases gradually so you can take advantage of the momentum if the price drops again, don't buy altcoins because altcoins are too risky for us to invest when the market hasn't fully recovered.

Oceat

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If you are hesitating to invest, let me tell you this that Bitcoin is supposed to be invested for long term to consider a great profit during bull run. If you are only thinking of when you will get your ROI when investing crypto for a short time then Bitcoin is not for you.

Altcoins can give you that but it's hard to choose the right one that would give you a decent profit in a short term investment plus you will have to do your own research before investing some altcoins since most of them are useless or shit coins that will die and gets delisted in the exchanges soon.

You better buy when you have the time because ones this price go beyond to this level you might just have to wait a little longer. We are still in bearish market but this small pump is still enough to some traders to make some profit.

Flexystar

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Well, you have already lost most of the profit because you are looking at the green candles and then thinking about buying the coins. In fact when candles were red during the whole last year, it was the best time to buy the coins mate. Now is like rush time for every buyer who missed the red candle buys. This is the difference between regular trader and the institutional based traders. The later is always prompt in their decisions and they know exactly when to buy and when to stop buying. I mean when crypto was discounted at 50-60%, that was the real time to have this question. Now most of the big players might have crossed their BEP and enjoying the profits already.

Pandu Geddon

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Quote from: Rufsilf on January 17, 2023, 04:31:05 AM

Well, I believe that OP missed the chance to buy at a cheaper price. He might regret of not doing it and now asking if a possible dump may occur after this which probably worries him to invest.
It was indeed right, time doesn't matter a lot as long as we don't buy during the ATH. But what really matters now is not investing earlier while the market is still in the correction period. OP could realize soon the mistake he made. Investing in crypto can be profitable long-term and so we should be patient enough.

some newbies sometimes buy when the price starts to go up. sure they didn't buy at ATH, but some rookies were too brave to follow the pump that was going on in the market. what is clear is that it will be very risky when suddenly a correction occurs very quickly.
The OP may have made a mistake in setting the entry price and having trouble planning a selling price. this happened to me when I just started trading. there is no specific strategy other than buying low and selling high.

Luzin

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Quote from: AakZaki on January 17, 2023, 12:52:51 AM

Why are still asking about buying today? Did you not buy when the price was so cheap under $20k a few weeks ago, and you are still wondering if it is safe to buy now. if you missed yesterday's discount price it was a moment that might not be repeated again when Bitcoin was above $ 20k and continues to stabilize. If you want a lower price, wait until you reach a new ATH again. Actually buying now or whenever is a good decision, because you start investing and target what price will be reached to make a profit. Don't wait for the price to get more expensive.

There are many people who may need to convince themselves of the current state of the world economy. Many countries that experience recessions may be able to affect the value of crypto for the foreseeable future. It's also possible that he's not sure if today is an accumulation ready to explode to climb higher.
But, if he knew the crypto cycle maybe he wouldn't ask at this time. Because for some periods Bitcoin has always been able to come back at its best price, even more so. I think the author just needs to buy and try to learn to continue to maintain, increase the amount of assets he has.

Rufsilf

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Quote from: AakZaki on January 17, 2023, 12:52:51 AM

Why are still asking about buying today? Did you not buy when the price was so cheap under $20k a few weeks ago, and you are still wondering if it is safe to buy now. if you missed yesterday's discount price it was a moment that might not be repeated again when Bitcoin was above $ 20k and continues to stabilize. If you want a lower price, wait until you reach a new ATH again. Actually buying now or whenever is a good decision, because you start investing and target what price will be reached to make a profit. Don't wait for the price to get more expensive.

Well, I believe that OP missed the chance to buy at a cheaper price. He might regret of not doing it and now asking if a possible dump may occur after this which probably worries him to invest.
It was indeed right, time doesn't matter a lot as long as we don't buy during the ATH. But what really matters now is not investing earlier while the market is still in the correction period. OP could realize soon the mistake he made. Investing in crypto can be profitable long-term and so we should be patient enough.

AakZaki

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Why are still asking about buying today? Did you not buy when the price was so cheap under $20k a few weeks ago, and you are still wondering if it is safe to buy now. if you missed yesterday's discount price it was a moment that might not be repeated again when Bitcoin was above $ 20k and continues to stabilize. If you want a lower price, wait until you reach a new ATH again. Actually buying now or whenever is a good decision, because you start investing and target what price will be reached to make a profit. Don't wait for the price to get more expensive.

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Quote from: Steph91 on January 14, 2023, 07:44:51 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.

Basically, not all coin price increases mean that bullishness has come. It could just be some market trap, along with the market trend or something else. So it does not rule out the possibility that after this there will be a significant decline or not. So, still have to be vigilant. If you say is it safe to buy now, then the question then is:
- What is the purpose of investing? Is it for the short term or long term?
- What are the expectations? Is it to immediately meet bullishness and take high profits?
If it is, then it should not be done because crypto does not fully promise such results quickly. especially since this is still a bearish era. And maybe we still need a few years to be bullish again.

But if you are ready for the risks and want a long-term investment where it is not a problem with your finances, then please start doing DCA. And since it is still new, I recommend investing in Bitcoin only. Moreover, you also have to learn more about cryptocurrencies and the risk management of this investment. So that you can really be prepared for various risks that might occur.

sheenshane

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Quote from: Kelvinid on January 16, 2023, 04:52:31 PM

Just only buy any of the top 10 coins in the market excluding stablecoins, and it will guarantee your safety. Might it drop but I was certain that it recover and give you no losses as long as you will hold them.

Not all might give you a better profit there, I saw altcoins that are from the top 10 going down into the lowest position.
This means not all give you a guarantee there.

Why not give a large allocation to investing in Bitcoin instead of altcoins, I think IMO, this is the safest way if you're new to this investment field.
When you have a little knowledge, DYOR in altcoins that potentially will survive in a long-term position would be also the best idea in choosing to be a part of your portfolio.

People are always afraid to invest when seeing the market show resistance or afraid when the market is in a correction, asking for the button position.
Just invest and hold your potential coin in the long term until seeing your profit was there, that's it. You can invest any time as you want, no need to ask for a right time.

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