Is now a GOOD or BAD time to invest?

[Crypt.N00b]

Hi everyone!

I'm new in the Crypto World, but I am absolutely obsessed with it.

I want to start investing in BTC/ETH, maybe also some others like THETA, Audius and more.

I am following different youtubers, twitter accounts, discord channels, to learn as much I can about crypto as I can.

BUT, is not the correct time to invest? As long as I understand, we are in a bull-run right now, and many do believe that BTC and also ETH will grow. Some belive BTC will hit 100K and some also think ETH will be up to 10% of BTC total value by end of the year.
- And addition to this, we might see a drop and go in a bear-market, but this seems not to be the case.

I'm also looking into start long trading on buybit, I want to start small and get the hang of it and learn the system and how it works.

SO, back to the actual question: is NOW a good or bad time to begin investing? Or should I wait for a heavy drop in the market, which might not come?
- I am looking for a LONG term investment.

THX - I hope some clever crypto minds in here can share their thoughts about my questions above

//Crypt.N00b

[repear7]

If you are new traders, Then invest only in known coins. BTC, ETH, BNB etc is doing good. I Don't think this time is bad for investment. I think this time also good for investment. Demand of cryptocurrency still increasing. And price of al popular coin will be increase soon. So from my opinion,  It’s still good time for investing.

[bitbollo]

What is your time frame? If you're looking for a simple speculation pay attention since you're so newbie and this world is full of sharks, whales, scammers... best time for investing depends in your wallet. if you have enough money to risk, ok go for. but if you are just going to risk your life saving and you don't have a "plan-b" it's better you avoid this chance.

[jackg]

If I'd just come here now, I'd buy with what I can tbh. You should probably remember that buying will be risky and you can do a lot with a little - there's no need to overdo it.

If a crash comes with a similar severity as what we normally see, a crash to below $20k may be possible if we do drop from reaching $100k.

I normally like the idea of respecting a previous ath. I feel quite confident we could make it to $60k again where the ath was and we didn't seem overvalued by then and didn't have a dramatic crash.

[Crypt.N00b]

What is your time frame? If you're looking for a simple speculation pay attention since you're so newbie and this world is full of sharks, whales, scammers... best time for investing depends in your wallet. if you have enough money to risk, ok go for. but if you are just going to risk your life saving and you don't have a "plan-b" it's better you avoid this chance.

I'm not investing all my life savings, and I want to be in it for the long run - so as I see it, I can buy in now, and if it drops down to 20K or something like that, it's just about keeping what I have and hopefully it will go up in the years to come.
ETH is promising some exiting changes soon, and what happens to the value is unknown, seems like miners wont be so happy with the changes they are looking into.

I feel like I don't want to miss out on this opportunity, and I'm not gonna cry about it if I loose in this, as long as the amount I invest is not everything I have.  I'm super excited about it, and also what we see in crypto art and music picking up speed.

[cheezcarls]

Hi everyone!

I'm new in the Crypto World, but I am absolutely obsessed with it.

I want to start investing in BTC/ETH, maybe also some others like THETA, Audius and more.

I am following different youtubers, twitter accounts, discord channels, to learn as much I can about crypto as I can.

BUT, is not the correct time to invest? As long as I understand, we are in a bull-run right now, and many do believe that BTC and also ETH will grow. Some belive BTC will hit 100K and some also think ETH will be up to 10% of BTC total value by end of the year.
- And addition to this, we might see a drop and go in a bear-market, but this seems not to be the case.

I'm also looking into start long trading on buybit, I want to start small and get the hang of it and learn the system and how it works.

SO, back to the actual question: is NOW a good or bad time to begin investing? Or should I wait for a heavy drop in the market, which might not come?
- I am looking for a LONG term investment.

THX - I hope some clever crypto minds in here can share their thoughts about my questions above

//Crypt.N00b

If I were you, I would not rely on following or listening to influencers. Although they can give you some ideas, but it’s much better if you invest on your own instinct.

There is also no good or bad timing about investing into cryptocurrencies, because they are unpredictable and has high volatility. They could pump or dump without warning at any moment.

No question that both BTC and ETH are long term investments. As long you know how to manage your risks and invest what you can afford to lose and hold it for long term, then you’re good with it. After all, only you can decide because it’s your coins.  

[Sterbens]

beforehand I will say welcome to the forum. because you came on time and asked in the right forum.


As for your case of starting out, I don't think there are any bad times when it comes to investing, because basically investing is largely keeping some of your money in crypto over the long term. therefore you don't need to choose too much crypto. because enough with Bitcoin and Ethereum means that you have chosen the right decision.

As for the time to enter and buy, you don't need to wait for a sharp decline time, because bitcoin and ethereum will continue to grow from day to day, even though you buy it at a high enough price on the pretext of long-term, all will be paid off with profits at a later date. however, it comes back to your mental readiness in dealing with bear market situations, because investing and trading are different.

simply put, investing is to store your finances in bitcoin for a long time without trading in a short time. as for the definition of trading, it means that you must continue to visit the market and check for price increases according to a specified time period, for example daily, weekly or monthly. depending on your own target.

So which one do you feel comfortable with, investing or trading?

[Upgrade00]

I'm new in the Crypto World, but I am absolutely obsessed with it.

I'll advise you do not get emotionally invested in any asset class to the extent of getting obsessed with it, this affects your ability to make investment decisions.

SO, back to the actual question: is NOW a good or bad time to begin investing? Or should I wait for a heavy drop in the market, which might not come?
- I am looking for a LONG term investment.

Someone who invested at any price under $20k would not mind a + or - difference of a couple of thousands, as the price increase would sufficiently cover it, same way we can look at the price now. It's best to buy at the dip and Hodl all the way up, but if you expect the price would increase in the future, you can make the purchase.

[Crypt.N00b]

beforehand I will say welcome to the forum. because you came on time and asked in the right forum.


As for your case of starting out, I don't think there are any bad times when it comes to investing, because basically investing is largely keeping some of your money in crypto over the long term. therefore you don't need to choose too much crypto. because enough with Bitcoin and Ethereum means that you have chosen the right decision.

As for the time to enter and buy, you don't need to wait for a sharp decline time, because bitcoin and ethereum will continue to grow from day to day, even though you buy it at a high enough price on the pretext of long-term, all will be paid off with profits at a later date. however, it comes back to your mental readiness in dealing with bear market situations, because investing and trading are different.

simply put, investing is to store your finances in bitcoin for a long time without trading in a short time. as for the definition of trading, it means that you must continue to visit the market and check for price increases according to a specified time period, for example daily, weekly or monthly. depending on your own target.

So which one do you feel comfortable with, investing or trading?

Thank you, hopefully I can learn more about crypto in here.

I feel most comfortable with investing, since trading is a completely new world for me, but that said, I am interested in learning trading. Maybe I will just play around with a small amount and see where it goes.

By the way, when I invest, should I keep whatever I buy on a hardware wallet or online?
- Let's say if I use binance or coinbase.

[Scripture]

Long term investing, always go for the best options, BTC and ETH can be those best coins to hold for.
A newbie like you should not trade yet, because of lack in experience and knowledge so its good that you play long for now.

If you already take some steps to learn about the market, just continue doing it and if not, better to start learning now.
Cryptocurrency is very volatile, today can be a good price to buy but tomorrow is not sure, it can be good or bad depends on the price trends so you must be prepared for any possible losses. There's no good or bad time to invest, just know your own timeline and it can be a good time for you.

[ScamViruS]

If you want to invest in something, you have to think like an investor. YouTuber, Twitter influencers can influence you in different ways and they can give predictions as they wish. So following them and making a decision will not be the right decision for you. You've been watching the crypto market for so long and you probably understand how the market works. It would be risky to make short-term investments in the current market conditions. If you have extra money then you can make long term investment in BTC, ETH. By making long-term investments, you will not be under pressure due to short-term market changes.

[Distinctin]

People got obsessed because seeing someone get a huge profit in crypto but they are not knowing how many times that this person did lose before to have what he got today. Thinking about investment corresponds to the risk and the possibility of loss.

Asking GOOD or BAD? The situation is really at high-risk and I would say this is not the best time for new investors to start. If you are just new to crypto, I would suggest understanding the situation first and ask yourself if you are ready enough to face challenging scenarios. But if you know with yourself that you are already capable of taking the risk, then make a decision.

[harizen]

Being new to the crypto-world, you need to do some trial and test to actually experience what's going in crypto-trading.

There is no such thing as good or bad time to invest as you will build experience here. But first of all, you don't want to try trading without any knowledge so you need to learn some basics. Advance knowledge can be learned later on.

And once you are now ready, try to spend some test amount but with a proper approach. Maybe around $100 is good for you to start and regardless of the current price (BTC, ETH, etc), just make an entry and that's the time now to apply your knowledge and self-analysis. You don't need to pressure yourself. Stay focus and goodluck.

[Jemzx00]

If you are willing to invest on a long term basis then Bitcoin, Ethereum, BNB and other major crypto is way to go. You wont regret on investing on them whether if it's on the short term or on a long term. If you want to invest on other more volatile crypto then you must study and watch the trading activity more often to avoid loss.
In case of the timeframe, it isn't too late to invest on major crypto as the wall for them too big due to the support of major companies and big investors especially on BTC. But if you're willing to wait on the price drop, then I suggest investing only half now and continue to invest the half after the dip happened.
Another thing, I might suggest is try to explore other trading platform such as Binance since you're just starting. Buybit might be a good platform but it's rather to explore major trading site such as binance which is used by many.

[crwth]

I have realized that it's better to look at the long term instead of a short-term sight, and that's your correct positioning, OP. You shouldn't wait for the market to drop because it's necessarily not a great way to invest. The best way is Dollar Cost Averaging it in an asset that you believe in. That's the best way to increase your net worth continuously and make sure you are using a hardware wallet with it. Just buy in an exchange and if you can, transfer it to your wallet (if you are not going to trade it)

[Charles-Tim]

BUT, is not the correct time to invest?

Nobody actually know, bitcoin price has never been this so high before, but the bull are not also accumulating bitcoin at the moment while the price of other coins following bitcoin price trends. As an investors, you will need to know few things about investment before starting at all. Know that it is not as risky as trading, but that does not mean it is not risky because it is risky, you will have to be patient to study the price trends of bitcoin very well, in the process, you will need to also study the price of other cryptocurrencies of choice along, make sure you are patiently studying the price. Get yourself a crypto news site or app, follow the news, follow crypto whales on Twitter also. All these will provide you valuable information about the best time to invest.

There was a time Elon Musk invested, some investors were encourage and the price was pushed all the way from $38,000 to over $50,000 at the time, also institutions like Microstrategy are also important, they invest and the price of bitcoin did increased. If you noticed any institution that invest huge amount, never think of it two times to invest at that moment.

Also, you will need to make sure to be very careful, never leave your funds on one basket, cryptocurrencies are risky, make sure you use just few part of your money, like 10% or less to invest.

[Cling18]

It depends on your purpose how long are you going to hodl your investment. If you couldn't decide about it, then try to invest with small funds first and see how the market moves so you'll learn how to deal with it. Trading and investing is a long process of learning so before you begin, you better have enough knowledge about the market first.

[tvplus006]

...SO, back to the actual question: is NOW a good or bad time to begin investing? Or should I wait for a heavy drop in the market, which might not come?...

For a trader who has experience in trading, it does not matter where the market is at the moment, because he can make a profit not only from the rise in price of the coin, but also when it falls. As a beginner, it will be difficult for you to trade using margin, and it will be more correct to invest after the coins have adjusted in price.

[Yatsan]

Anytime will always be a perfect opportunity to invest as long as you have the funds to serve as your starting capital for the coin you wish to invest with. But of you were just into a little or limited fund, you can still work it out by finding coins with desirable prices that is having a potential to grow to be able to let you gain profit from it. Well,  you can still invest into big and well-known crypto but you can just be able to invest a small amount for the price of the popular cryptocurrencies are into an expensive range right now. There is no bad timing for investment as long as you let yourself be familiar with the market. Just seize the moment to invest into things that are capable of your fund's capacity. Just assure that you are picking only those worthy ones into your portfolio.

[el kaka22]

I would say that investing right now could be not profitable as much as you think. It could still be a bit profitable, but not as much as the people who made a lot of profit so far. So you should invest into the known coins like others said, that way you will be involved and you could make a profit later on. That is at least one method of how you could profit from it, and if not you could try other altcoins later on if you want to.

It is not going to be simple, but it could be at least a way to learn for you. You have to realize that this is a harsh market, we have so much volatility that even a regular drop scares people very easily and prices drop, I have seen people lose 50%+ in a day and earn 200% next day. This is why you should be always careful about what you are doing, otherwise you are not going to end up profiting if you are careless