Is it safe to buy now? - page 9. | Bitcointalksearch.org

Kelvinid

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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.

I will tell you that some investors are preferred to buy crypto when they can see an uptrend because they think that it will be the beginning of the bull season and it never makes them hold long in order to make money. If you have the gut and interest in buying crypto, don't wait that it moves higher, don't wait that the price of Bitcoin will reach $25k otherwise, you miss the opportunity.
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.

dunfida

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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.

DYOR!

Dont make yourself believe on whatever other people been saying because it would be always boils down into your own decision because all of us here are speculators too on which there's
no way that you should really be relying on others buying decision.We are all asking on the same question but in regarding about on which position you should really be placing yourself is into those times
where everything looks red and bearish.This is the best time on buying cheap and not on a Fomo'ing market. Safe word isnt something that you could really be able to attached up
on this crypto space or market.

SOKO-DEKE

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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.

Few todays now we have being observing green in crypto market but doesn't mean we are in bullish time, according to some crypto analysts we are still in bearish period,some one may buy coin now and start seeing dumping tomorrow.but just know that nobody can actually predict crypto market 100%, so know that Bitcoin is good to buy at anytime so far you can hold it for a long period of time but don't buy any coin to hold as a beginner expect Bitcoin.

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.

Just a kind advice, the risk is mine.

I will not advise you to go for any coin rather than Bitcoin. Don't never try any shit to buy altcoins as a beginner, it involves risk than Bitcoin because their not well secured. you can later buy altcoins when you later have much knowledge about cryptocurrency, by the time you can able to do research on your own have find out which altcoin have potential,and risk the altcoins involved.

Fondarchand

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Trust blindly on market is not a good idea as you know that market falls and rises but if market is high it does not refer that you have to buy some coin because buying at high does not suited well but instead it is risky. Whenever you want to buy coin then put money into bitcoin, and other successful coins but never do this when market is elevated but try to do this when market is lower so it will not be much dangerous for you.

TheUltraElite

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So anyway, I applied as a merit source :)

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.

The best would have been when the market was still in red around 16k USD but now price has crossed 20k and hovering at 21k USD. This brings in the risk that correction might happen back to 20k USD and hence if you feel lucky you might buy but with that risk. Although bitcoin is still low considering how long it was in the bear but this decision needs to be taken quickly because drastic changes often occur overnight.

It can be called bullish by looking at the greed index and so on, but in reality the market runs on a mind of its own, at this moment buying has a risk, which you have to accept if you buy.

mvdheuvel1983

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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.

My first counsel to you is to buy only bitcoin. Focus on it and forget all others until you understand the crypto ecosystem very well.
The second counsel is to use the money you can afford to lose to buy it.
The third counsel is since you are a beginner, buy and hold.

My fourth counsel is that once you buy it, move it out of centralized exchanges into a cold storage wallet. Remember;Not your keys, not your coins.

That's all I have got for now.
Goodluck.

Peanutswar

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If you plot a support and resistant right now in the current situation of that market its gives a good thing to buy because we are on the bottom currently we have a minipump and of course make a correction with the market so make sure you are well prepared for a short position else you are looking forward with the long term holding of your assets, it depends on your strategy until you will make a hold or not for the long run or just get scared with the mini dump.

TalkativeCoin

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For me, it's pretty simple, if you can lower your average cost, go for it. Of course, It depends on when you entered, but I assume it's now below that threshold for the majority of fresh buyers.

Shinpako09

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If you are worried just go with btc or eth but you should have done it when the market is still down/red. You are a bit late now and will always be late if you are going to wait for a pump before you make a decision. You will always miss the opportunity to buy at a cheaper if you are like that. Not only did you miss buying at a cheaper price but also you are going to lose your investment when they started to dump as others reach their selling point. Ending, you need to wait longer if you wanted not to lose your investment. You can't go wrong either in the top 3 to top 10 altcoins. In every investment, there is always a risk. There is no such thing as safe.

Alisha-k

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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.

If Bitcoin is the key focus no time is too late to buy the question should be between the buyer and his/her instinct to decide how long the are willing to hodl and if they funds for investment will not be needed in near future. Crypto investment especially Bitcoin is most appreciated when the buyer hodl for a longer duration of time.

michellee

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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.

As a beginner, you don't need to buy some coins that you don't know whether the coins are promising or will give you losses. I suggest you buy only bitcoins and not buy any other coins because by buying bitcoins, you can expect to get big returns in the future. So it will be easier to allocate the money you use to invest in crypto. Apart from that, you won't have any trouble choosing the coins because your only option is to invest in bitcoins.

lixer

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Quote from: goaldigger on January 15, 2023, 08:50:53 AM

Go for Bitcoin and you should have done this since the last quarter of 2022, though of course the current price are still safe since that is still not the peak price we are looking for, new ATH can still happen in the future so buying right now is always a good decision. As a beginner, you should also spend some time learning the market, for now the safest coin that you can get is Bitcoin, just buy some when you already know when to buy and sell, don't rush in the market just follow the basic rules.

Yeah, bitcoin is often considered a safe bet for new traders due to its historical performance and overall market dominance. The fact that it was the first cryptocurrency and has been around the longest, it's considered a more stable coin than others. It's also important to note that Bitcoin's price tends to be more volatile than other cryptocurrencies, which can make it a more risky investment.

Bitcoin's historical performance suggests that it has a higher potential for growth in the long term. Moreover, Bitcoin has a larger market capitalization and trading volume than other cryptocurrencies, making it more liquid and easier to buy and sell. It's also important to remember that the market is constantly changing and the price of Bitcoin and other coins can be affected by a variety of factors, such as regulatory changes, adoption, and overall market sentiment. So, it's necessary to keep an eye on the market and to be prepared to make quick decisions.

Volimack

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The crypto request isn't stationary so it's delicate to determine when a coin will rise and when to buy. But the value of the coins is veritably low so it's surely profitable to buy bitcoins if you can collect in the early stages or before entering the main request. Bitcoin, Ethereum, Litecoin could be booby trapped for free in the early stages. latterly closed after entering the main request if you collect before entering the main request you can anticipate good profit.

SirLancelot

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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.

As a beginner in the cryptocurrency market, it can be difficult to know when the market is bullish and when to make a trade. The market is constantly changing and can be difficult to predict, so it's important to have a solid understanding of the market before making any trades. One way to determine if the market is bullish is by looking at the overall market sentiment. This can be done by analysing social media, news articles, and online forums to see what other traders and experts are saying about the market.

Moreover, you can look at technical indicators such as moving averages, relative strength index (RSI), and the Fibonacci retracement levels to help you identify trends and potential entry and exit points. Another way to determine if the market is bullish is by looking at the overall performance of the coins that you're interested in. This can be done by analysing the coin's historical performance, current market capitalization, and trading volume. Additionally, you can look at the coin's whitepaper, team, and partnerships to gain insight into the coin's potential for future growth.

xSkylarx

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Quote from: GeorgeJohn on January 16, 2023, 12:14:22 AM

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.

As a beginner, i will encourage you to buy Bitcoin and keep instead of buying altcoins, because their is something i understand so far, buying other coins is at your own risk indecencies that the green color of the market is not strong for someone to think of purchasing shitcoins for long term investment, so therefore it's adorable and advisable to purchase a coin that have good potential so that when theirs a bearish it won't affect it that much.

If you really plan to have a long-term investment then bitcoin is the best and it is way safer on altcoin. As you can see that there are altcoins that only performs at first but in the long run it will die that is why bitcoin is better choice but if you want to invest in short term you should know the risk in investing to altcoin also as there are a lot of altcoins that are scam.

Back to the topic , any time is the best time to buy whether the price is high or low as long as you have an extra money to spend because if you wait on the dip then for sure you'll be waiting for ever and you'll miss the ride

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.

As a beginner, i will encourage you to buy Bitcoin and keep instead of buying altcoins, because their is something i understand so far, buying other coins is at your own risk indecencies that the green color of the market is not strong for someone to think of purchasing shitcoins for long term investment, so therefore it's adorable and advisable to purchase a coin that have good potential so that when theirs a bearish it won't affect it that much.

martyns

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One can buy at anytime,and I will say there is no time that is too safe to buy,before you will buy, it is good to check if the coin you want to buy at that time is doing well in the market or not,because it not good to rush or just buy what will make you regret the money you spent.Always do your research,and survey about that particular product,then try your luck in buying it,but I will advice you that you don't buy much yet,get a little and see the outcome before heavily investing inside.But if I were to buy now,I will definitely get DCA,atleast that is a little bit safer.

DanWalker

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Bitcoin is the right and only option for you, you should not touch altcoins without any knowledge of the market. What you need to prioritize is that you have to learn about the market quickly because the market is very volatile, if you have no knowledge, even if you have a lot of money and buy potential coins, you will still lose. To succeed in investing not only requires capital but also knowledge, as long as you have knowledge, finding profits will become easier even with a small initial capital.

dansus021

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If I were you I'm going to buy when it bitcoin see a correction, you know what when we see the green candle happen in all trading things it will look very tempting and there is feeling that if you don't buy now we might lose the bus. Believe me sometimes I feel it too Cheesy

but after buy it and boom the price will eventually down.

So the best choice for now is doing DCA for sure so if the price is getting higher you will still made a profit but when price is getting lower you buy it again make it new averaging price and don't cry much

Cryptomiles1

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In as much as bitcoin is not yet $30k above is a good time to buy but if that you initiated the buying last week it would have been better compared this week. 16k to 17k would have been the best entry point for traders and investors more especially beginners.
But what I sight is a smell of bear trap, as a good trader you can make out something good via DCA.

Topic: Is it safe to buy now? - page 9. (Read 1664 times)