New to crypto trading - Is now the time to get in? - page 6.

el kaka22

legendary

Activity: 3710

Merit: 1170

www.Crypto.Games: Multiple coins, multiple games

Quote from: Clairvoyant on December 17, 2018, 03:38:30 AM

Hi all. When the hype was at its peak about a year ago, clearly this attracted a lot of people. I waited and watched. Would love to hear views on if this is a good time to start looking at BTC and alts.

Also, have seen a few accounts that offer services (VIP signals etc). Presumably some of these are better than others.... if so, what have been your experiences? Thanks.

If you are new it is time to start putting some money away into crypto but not the time to get all in right now.

We have been in one of the biggest downturns of bitcoin in history and since the price went down so much everyone thinks the time for going up is starting up again however the past year caused a lot of new coins to go "bankrupt" and basically go away, many crypto business closed shops and there are a lot of them laying off their staff as well because none of them have any money left.

Hence, it has been all bad news and all bad things for crypto which would mean it may take some time before we recover. You should start putting in some money but not all of it, you should divide it to 12 equal parts and invest once each month of 2019, that way if it goes lower you will average it down, if it goes higher you already invested.

Dimon8

jr. member

Activity: 420

Merit: 1

I think that now is a good time for long-term investments. About trade there is nothing to say and think. If I had available funds, I would establish my investment portfolio and purchase additional altcoins that interest me.

lagoon88

jr. member

Activity: 1523

Merit: 1

Well, in my opinion, it is not the right time for day or short-term trading, but is certainly is the best time for long-term investment, as the price of most cryptocurrencies is very cheap now. Invest in some well-known coins and hold them, it will be very profitable in the long run.

proTECH77

member

Activity: 1120

Merit: 30

Bisq Market Day - March 20th 2023

No!!!! not at all. Trade is not meant for newbies this time when the market still remains bloody and the bears still continue but my advise to for you is; get yourself acquitted with the trade techniques and ensure to study the market at this critical time in order to play safe when the bull run start.
Frankly speaking, as a newbies like you, i will suggest that you invest in some major cryptocurrency for now to working on your self in the world of cryptocurrency rather than jumping into what can cost you much you never thought.

khufuking

sr. member

Activity: 840

Merit: 266

Well, it is a good timing for a newbie to jump in whether trading or long-term investing, for trading prices can't really go much down, for example, it is pretty much hard to see an x5 or x3 downtrend at this current stage, I don't say it is impossible but it is much harder at this current price range of almost all top coins. And for long-term investing, I think it is the best time to jump in, prices right now is pretty cheap, there is still a risk but now the risk is very low compared with before. Just remember, even if the timing is good don't ever invest what you can't afford to lose, no matter how low the risk is there is still a risk especially when we are talking about Cryptocurrency market.

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

Maybe now it's good time for newbies to join. Just because the market is red isn't the reason to give up and maybe exactly in a moment like this it's the good moment to learn and to feel the risk. But it's very important for you to know what is your final goal and expectations in order not to get disappointed in trading at the end.
I would suggest to try with very small sums that you can afford to lose, just to feel the market. If you are brave enough give it a try.

cokroalif

member

Activity: 434

Merit: 10

it's not too late to join, I think this is a good start for you to enter the world of cryptocurency, the price of all crypto has decreased greatly, it's time to buy BTC, but you have to think twice and several times because of the high risk of playing in the cryptocurency world

cindygirl

full member

Activity: 280

Merit: 105

Quote from: Clairvoyant on December 17, 2018, 03:38:30 AM

Hi all. When the hype was at its peak about a year ago, clearly this attracted a lot of people. I waited and watched. Would love to hear views on if this is a good time to start looking at BTC and alts.

Also, have seen a few accounts that offer services (VIP signals etc). Presumably some of these are better than others.... if so, what have been your experiences? Thanks.

I would advise against any newbies trying to trade in this current market. It may be a good time to invest but it's not a good time to trade. There's little easy money going around and the market is in a constant downtrend, without knowing what you're doing you're liable to lose money. Perhaps try a paper account for a while to hone your skills before the market conditions become more favorable.

Avoid signals at all costs, they're not looking out for your best interests, they are looking out for their own. No one has a crystal ball and if they did they wouldn't be sharing it with you. They use these groups to get people to buy shitcoins off them at an inflated price.

Clairvoyant

newbie

Activity: 7

Merit: 0

Hi all. When the hype was at its peak about a year ago, clearly this attracted a lot of people. I waited and watched. Would love to hear views on if this is a good time to start looking at BTC and alts.

Also, have seen a few accounts that offer services (VIP signals etc). Presumably some of these are better than others.... if so, what have been your experiences? Thanks.

Topic: New to crypto trading - Is now the time to get in? - page 6. (Read 19843 times)