Is it safe to buy now?

[Steph91]

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.

[jackg]

If you can't decide which coin to buy, bitcoin will come with the least regrets imo. Enough newbies have been scammed by coins that claim to be coins and enough older members have probabky invested in altcoins too and made a loss at some point - bitcoin remains the safest.

It's hard to tell when we're bullish or bearish unless we've been there a while. One of the best ways to notice is by doing things such as dollar cost averaging or dip buying (where you buy the calm atter the storm - the relaxation point of the markets as most upwards trends are met with some downwards ones too).

Investing requires quite a lot of patience though so don't invest more than you can afford to lose (especially in your first few attempts) they might just make you want to cut your losses if you're in the red at any point.

[Iranus]

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.

A rising market doesn't mean you will be profitable if you buy it now, no one can tell you whether the market will go up or down tomorrow, let alone in the more distant future. If you don't have any knowledge of the market, my advice is to buy knowledge before buying bitcoin or any alts. As long as you have the knowledge, I believe you will know where to invest without anyone's advice. Investing on the advice of others is a grave mistake that you need to avoid making in the first place.

[OcTradism]

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.

The market sentiment is still very bearish, it is not bullish as you thought. With that wrong thought, you should not take risk. Market has a dead cat bounce days and it will revert to bearish soon.

I see signals that capital started to dump the market again.

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.

If you were fearful and did not buy altcoins two weeks ago, now they rose 50%, 100% or 25% than 2 weeks ago, buying them now is not safe and somewhat I can say stupid.

Altcoin movements will depend on Bitcoin movement in next 3 to 7 days. If Bitcoin is pulled back, I am sure with you altcoins will lose 25% to 50% very easily.

[Wexnident]

Isn't it better in most(emphasis on most) cases to buy during reds than greens? Though in BTC's case right now, I reckon any buy would be good if you're looking in the long term since we're still technically in the red compared to that, if you were in the short term then you bought too late and could've profited a bit when you bought at 16,17k. Now imo the price wouldn't increase continuously like this, a drop off to maybe 19 could happen and it's just gonna move up and down from then. We might see it increase a bit more after a few months only.

[kapalmabur]

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.

A rising market doesn't mean you will be profitable if you buy it now, no one can tell you whether the market will go up or down tomorrow, let alone in the more distant future. If you don't have any knowledge of the market, my advice is to buy knowledge before buying bitcoin or any alts. As long as you have the knowledge, I believe you will know where to invest without anyone's advice. Investing on the advice of others is a grave mistake that you need to avoid making in the first place.

It is clear that both knowledge and skills we must have before trading or investing,
but in reality sometimes there are people who ignore it and only want to get profit,
if you only depend on other people's advice it will only keep us from growing.

[Edwardard]

Isn't it better in most(emphasis on most) cases to buy during reds than greens?

Totally depends on the situation, sometimes you got to buy green coz it gets more greener before any dip. We've already witnessed this a lot of times especially with bitcoin. Just think, few months ago 20k was considered as bloodbath but today it looks green with the same price. So you decide what you want to believe in.

Now imo the price wouldn't increase continuously like this, a drop off to maybe 19 could happen and it's just gonna move up and down from then.

Now thats just your opinion but dropping to 19k will kill the whole run up. It should pump once more to 22k then sustain between 21.3k-21.6k for a few days and the indicators will show like they are cooling off magically. And again, 1st feb will be important for us (major fomc meeting regarding rate hikes). Expect btc to 30k if 25bps is announced.

[wxa7115]

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 a secret, it never becomes easy to tell the current state of the market, just as this could be an important correction which could take us to the mid 20k or maybe we could even reach 30k during the next weeks, this could also be a trap and the price could go below 20k again.

But even then if you are planning to hold your coins for the long term this is a good entry point, it is not as good as the one you could have gotten a week ago, but the more you postpone this the more you will second-guess yourself, so if you like bitcoin for what it is as a technology then buying now is a good move.

[mk4]

If you don't know which coins to buy, then chances are, you haven't done your research. If you're not willing to do your own research, then you're really better off not buying any cryptocurrency or any investment asset at all. Maybe you want to use the money on something else instead? Like a business that you're actually interested in.

[autumnleaf]

Instead of asking for guidance without knowing its history, I believe completing your own research can help you determine which coins are best for you. When conducting thorough research, it is vital to be aware of the coins you are investing in. But the best investment right now is still Bitcoin.

[cryptomaniac_xxx]

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.

Of course the best time to buy is when the price is <$20k, around $16k-$18k maybe. But since the market has risen in the last couple of days, you might fine it bullish though. On the other hand, this is just a recovery, if you will have to look at the prior movement, the price is around this range before the FTX collapse and it's subsequent negative effect on the market. So this is just about normal price range in my opinion, so my best advise is to just buy at this price, and look at the long term, maybe in the next bull run, we will see a new all time high that is in the 6 digit range. So still very good to buy today and hold as long as you can, or at least in the bull run 2024-2025.

[Bitstar_coin]

No one with a crystal ball here to tell you the safest time to buy. I don't think there is a safe time to invest in crypto because there will always be risk involved. But you can minimise your risk by investing on the right coin (btc) or else you will find yourself overwhelmed with worries about your investment choices.

[Issa56]

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.

The market have being green in the past few days, but that those not mean that we are already in bull run, don't be surprise that after buying any coin, it might start dumping. I think it will be better to invest for long term, and if you want to have rest of mind, then it's better you invest in bitcoin, investment in altcoins is very risky, if you want to give any coin trial, then invest in bitcoin, make sure you avoid altcoins, no altcoin can be trusted.

[Reid]

Bitcoin as usual is the first choice if you are having a difficult time to decide, that's the best and safest decision, imo. I've been there, so confused about what to do next when suddenly the market becomes as green as this. If you came earlier when the bear happened, you might be reaping the rewards already.
Is it safe to buy now? That's the question that cannot be answered accurately. There's no safe time when it comes to cryptocurrencies, always tell yourself that it's volatile and it could go south whenever the demand is low.

[GreatArkansas]

There are some people who will tell you that is a bull trap, while some already telling you that we are in a new bull market.
For me, I will still be in my vision for the first few quarters of the year that the market is still bearish. I am no hater, but that's my only opinion and what I can see. But for a long term especially in the last quarter of this year up to next year, I'm bullish.
Is it safe to buy now? You can buy but don't go all in, always have some extra just incase what will happen, so you will have always the capital.

[Mpamaegbu]

On the hindsight, you can see that last week was a better time to buy than now. Anyone who had been afraid of going in before now will have missed the bus as it seems. In cryptocurrency, if you're scared shit to lose money then the industry isn't for you. Again, OP you've to brace up for enough digging and research if you want to go far in this industry and not perpetually seek the opinions of others on things you ordinarily should find out by yourself.

[Freeveto]

If you come to the overall long term view of BTC, That's where it is heading to base on its limited supply of 21M ever gonna be in existence, I would say anytime you purchased BTC is a good time, as BTC is still in its early phase before global adoption.

   But in this your case the best time to accumulate is during a crash or a Bear market like this , It definitely the best time you should start building more into your portfolio with good DCA.  

[Fesatmas]

I can't answer with certainty whether it's safe according to you, because of course we have a different understanding. But I think there's nothing wrong with buying now, if you are too afraid to buy now, then you can buy periodically, which means if you are still sure there will be another drop, you can buy it again when the price is lower.
You understand it's entirely at your risk, so I think you already have your own answer. As long as you buy bitcoin then there is nothing to be afraid of.

[KnightElite]

There is no word "safe" in investing world, all of the investments have risks but that risks can be manage through risk management and also knowledge when it comes to best time to entry and to exit in the market. As for my suggestion, don't entry without conviction and knowledge in the market. If you don't know when to entry then it is better to invest in knowledge when it comes to TA or technical analysis first. Because if you just invest in market without knowing it first, then your investment is not "safe" because you do not have enough plan when the market reacts again in your bias. You can lessen the risks by having enough knowledge so your main focus should be acquiring knowledge and seeking investment for you to improve your decision-making skill and lessen the risks that you are taking.

[m2017]

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 would not consider the current slight rise in price as a bullish trend, because there are no serious prerequisites for this yet. It looks more like a short-term jump, which can return to the previous indicators. Buy or not buy now depends on your goals. If you take it for a long period, then what is holding you back? Also, you don't say anything about the coins you are considering buying. So, in this case it is impossible to advise you anything. If we take old and proven projects, like bitcoin, then of course, the purchase now can be successful. If you buy some shitcoins, you can burn out.

It has never been safer to buy crypto currencies on this market. This market is very unpredictable and always fraught with risks.

Everyone likes to give advice, but few risk their hard-earned money. Of course, the risks are only yours and whether to follow the advice of others is also up to you.