Is it safe to buy now?

[Magicalking]

Traders buy low and sell high. Bitcoin price is high right now but don't let that stop you. It is better to have a little bitcoins than nothing. Why stay in a bitcoin forum if you do not have Bitcoin. Draw a good support line at what price you want to buy. Only put as much money you can afford to lose.

[1714782175]

1714782175

[Mpamaegbu]

Bitcoin briefly slipped and touched support at $58,500 region today. I already spot a reversal on the 4hr TF. I think you may want to get in now before it rises more so you can be seen getting in at a better entry. The expectation is that Bitcoin will overtake its previous ATH before the end of 2021. But it's better to get in at a lower price to maximize ROI. It's now trading at $60,800 and that's still a great bargain to get in at that price.

Kindly look out for projects with low market cap and help yourself by doing some reading and research, they will worth you thousands in the future even if the market collapse.

Sadly, a lot of people think investing in alts is bad news and too much of a risk. But what you said there is apt and true.

[Mahiyammahi]

Well you have to focus your portfolio management. You can't say which one is right time exactly. Although we can't see our future. But if you are good to analysis you can predict it .
 As a coin there's 2 possiblity win or lose. You can't say which one you. But if you are good in analysis you can predict and made yourself safe.

Jus flow your trade with market condition. If get panicked you won't win. Happy Trading 😇

[BITCOIN4X]

The investment logic based on my assumption is buy when you agree to buy it and sell when your expected target is reached. You don't need to buy when the price is down because it's still possible to think that the bitcoin you bought at that time was a low price bitcoin before the price went up like when you wanted to buy at ATH $30K. Of course there are other factor that make you buy and that is strong fundamental analysis and support such as hype after positive news about bitcoin.

Investment risk is always there and no investment is without risk but there are successful tips to minimize your investment risk in bitcoin and that is consistency to keep your bitcoin safe in the wallet no matter what happen in the market or in other words is hold. We always see correction, this is an normal which is also referred to as volatility caused by supply and demand situation. Of course bitcoin investment is not only about 1 to 2 months, it is a long term investment where you have to be patient to enjoy your future results.

[AakZaki]

It is safe or not to buy now depending on the type of investment that you will apply. If you want to make a long term investment, you just have to buy it at the support price and then leave it until your long term target is reached.

But if you want to get a faster profit, you can make short term investments or use the scalping method. and this requires intense market observation. in every purchase you have to pay attention to is the lowest support, use your mainstay indicator to determine it.

[Patigi]

I believe it is not safe to buy now because the  price are currently going down, and nobody knows where dip the dumping price will stop. So my candid advise to everyone to be watching the market for now. It will be more  save to buy when Bitcoin price started pumping again but stil depending on time to hold, if you can hold for a long period of time you can buy because it will surely pump one day.

[Rruchi man]

"Is it safe to buy now?" is a question that is bound to fuel many replies each person having their own unique reason for either telling you to buy or not to buy. A question like that is a sensitive question and at the end of every reply, IMO one should always be quick to point out that their reasons are personal and not in any way should be considered as a financial advice, to avoid being blamed for loss of ones portfolio.

[Woodie]

currently there seems to be a lot of bearish sentiments on the markets and if you could wait for a little longer, you should be able to pick up much

cheaper coins than they are. But at current  price of $56k it is not a bad price either as we know it has potential to jump back at its all time high($65k),

which is a 16% gain waiting to be picked up if you enter now.

[Natalim]

The logic for investment is buying low and selling high and currently Bitcoin has a new ATHs is it safe to encourage new investor to buy now seeing how high the price has gone? My fear for new investors is that the don't experience a dip after buying since no one is sure of how far the new highs will reach.

It depends on what strategy you will use and your target.

Bitcoin reaches $68k this year and now it dumps to $55k, I guess it has already dipped hard enough giving us an opportunity to earn in short term. However, it does not guarantee anything as $55k might is already the lowest as it could dip further and that could result to panic transforming the market from bull market to bear market.

[Porfirii]

I'm still optimistic about the end of the year. Thanksgiving has always been a catalyst for crypto somehow. But it is true that an ATH may not be the best moment to buy.

For short term or very long term it could work, but for medium term, the market could turn bearish at any moment. Or did that only happen in 2017?

[taufik123]

It depends on what strategy you will use and your target.

Bitcoin reaches $68k this year and now it dumps to $55k, I guess it has already dipped hard enough giving us an opportunity to earn in short term. However, it does not guarantee anything as $55k might is already the lowest as it could dip further and that could result to panic transforming the market from bull market to bear market.

yes the bear market has come and is currently dominated by the bear market. But the bitcoin price was able to hold on and eventually bounced back. Chance to buy cheaper before hitting new ATH again.
When the bull market has returned again people will panic buy.
We'll see if before the end of the year bitcoin is able to get a new ATH again.

[Lordhermes]

Everytime is a safe period  to buy coin,depending on the money you have at hand.
It is the money in your wallet that determines the amount of coin you buy at a given period of time,and no time is best or bad,in as much as the price is down,buy it,that's why there is need to always monitor it and know when it price is down and when it's up.The best time to get it is when it is down,so always be on your chart to check.

If you see that it is down,do not hesitate to make your purchase,and wait for the outcome.

[Porfirii]

Everytime is a safe period  to buy coin,depending on the money you have at hand.

Depending on the money you have at hand, and the terms you are considering, I would add. It is not the same to focus in the short term (even intra-day trading) where you can get some good profits or tremendous losses due to this market's volatility, as to focus in the long term where you choose yourself the price milestones as objectives on when to sell.

As a relative of a friend of mine has always said: "On the stock market, you never lose until you sell"; I would apply this sentence also to crypto, so, if you predict that you will have to sell sooner rather than later in order to pay for something in the real life, chances are that you will lose some money...

[UserU]

Depending on the money you have at hand, and the terms you are considering, I would add. It is not the same to focus in the short term (even intra-day trading) where you can get some good profits or tremendous losses due to this market's volatility, as to focus in the long term where you choose yourself the price milestones as objectives on when to sell.

As a relative of a friend of mine has always said: "On the stock market, you never lose until you sell"; I would apply this sentence also to crypto, so, if you predict that you will have to sell sooner rather than later in order to pay for something in the real life, chances are that you will lose some money...

That holds truth to some extent. If the company goes belly up or pull some reverse stock split, it's gonna be more than simply paper loss.

[Yamifoud]

The logic for investment is buying low and selling high and currently Bitcoin has a new ATHs is it safe to encourage new investor to buy now seeing how high the price has gone? My fear for new investors is that the don't experience a dip after buying since no one is sure of how far the new highs will reach.

Yeah, I agree with but it was important as well to have a good choice of coins to invest, not just because of its price as our basis.
Perhaps, a lot of people have that kind of mistake (I admit myself of doing that before until I learn something) that is why instead of making a profit after, losses are what they've got.
To ask if it is safe to buy? That certainly depends on us coz the truth is that SAFE is something that relies on us individually.

[Hypnosis00]

Everytime is a safe period  to buy coin,depending on the money you have at hand.

Depending on the money you have at hand, and the terms you are considering, I would add. It is not the same to focus in the short term (even intra-day trading) where you can get some good profits or tremendous losses due to this market's volatility, as to focus in the long term where you choose yourself the price milestones as objectives on when to sell.

As a relative of a friend of mine has always said: "On the stock market, you never lose until you sell"; I would apply this sentence also to crypto, so, if you predict that you will have to sell sooner rather than later in order to pay for something in the real life, chances are that you will lose some money...

That is because we couldn't underestimate the volatility of the market. As long as it remains like that, losing is not impossible and if you can't sell them at a higher price, not just you only lose money but also our time. Can't imagine doing that either. Choosing the right investment is very important and to think about safe? Crypto investment doesn't have that feature that is why we call this risky investment but I'm sure that if you only choose those potential coins this time (like BTC), you can really make a profit from it.

[Taskford]

Everytime is a safe period  to buy coin,depending on the money you have at hand.

Depending on the money you have at hand, and the terms you are considering, I would add. It is not the same to focus in the short term (even intra-day trading) where you can get some good profits or tremendous losses due to this market's volatility, as to focus in the long term where you choose yourself the price milestones as objectives on when to sell.

As a relative of a friend of mine has always said: "On the stock market, you never lose until you sell"; I would apply this sentence also to crypto, so, if you predict that you will have to sell sooner rather than later in order to pay for something in the real life, chances are that you will lose some money...

That is because we couldn't underestimate the volatility of the market. As long as it remains like that, losing is not impossible and if you can't sell them at a higher price, not just you only lose money but also our time. Can't imagine doing that either. Choosing the right investment is very important and to think about safe? Crypto investment doesn't have that feature that is why we call this risky investment but I'm sure that if you only choose those potential coins this time (like BTC), you can really make a profit from it.

High risk, high rewards and its also good to invest on some tokens around since this could bring us more profit than old coins around but the thing to earn we need to know when to exit since if we just go there and hold since you believe on the hype what dev posted or any supporter then maybe you are doing a bad decision on your life. And to minimize the risk we need to study on what we are going into since this can give us a little safe space in terms of our investment.

[suzanne5223]

Yes, it's still safe to buy now despite the ATH price though the basic of cryptocurrency investment is to buy low and sell high.
I believe that the longevity of a crypto should be the basic investment decision strategy people should use whenever they want to invest in crypto and this is the reason investment in Bitcoin will always be the best.
Having said that, every time is good to invest in crypto

[carolynpatterson]

The general criteria is to buy when the market is at its lowest. However, it is difficult to assess when that will happen. So, there is always a risk. Buy it when you’re ready!

However, when you buy, make sure you buy cryptocurrencies with proper fundamental analysis. There are trusted cryptos like Ethereum and Bitcoin, which are safer than the others to start.

[FourTHshoT]

The logic for investment is buying low and selling high and currently Bitcoin has a new ATHs is it safe to encourage new investor to buy now seeing how high the price has gone? My fear for new investors is that the don't experience a dip after buying since no one is sure of how far the new highs will reach.

Right now is a good time to think about investing long/short term