Is it safe to buy now?

[Alisha-k]

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.

[Shinpako09]

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.

[TalkativeCoin]

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.

[Peanutswar]

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.

[mvdheuvel1983]

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.

[TheUltraElite]

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.

[Fondarchand]

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.

[SOKO-DEKE]

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.

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.

[dunfida]

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.

[Kelvinid]

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.

[sheenshane]

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.

[Rengga Jati]

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.

[AakZaki]

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.

[Rufsilf]

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.

[Luzin]

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.

[Pandu Geddon]

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.

[Flexystar]

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.

[Oceat]

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.

[bounceback]

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.

[Crypto Library]

~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.