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Quote from: Tony116 on Today at 01:44:01 PM

Quote from: Steph91 on January 15, 2023, 12:44:51 AM

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.

Bitcoin has gone up to $23k, and many people are making predictions bitcoin will continue to rise, I don't know if that will happen or not. But I can tell you that at the current price, it is still very good to buy bitcoin, the price is still very cheap if we compare its recent ATH. Assuming bitcoins don't go up as people predict, you don't need to worry because if bitcoins fall again and you won't lose as long as you don't sell them, you won't lose. But my advice, buy bitcoin and bitcoin only, and say no to altcoins.

As long as you buy it for the long term, I don't think there is anything to worry about if you buy at the current price, but for the near term we don't know whether bitcoin will continue to increase or make a correction first. this is experienced by many people when bitcoin hits the price of $ 16k people tend to be afraid to buy it, but if there is an increase like now they are hesitant to buy it, therefore we must have personal analysis, don't just follow what people say

Same reactions and only regrets will be similar after some time, traders should also need to be a risk taker, like what you have just said, if you bought your assets for long-term investment, there's nothing to worry as time will come and the strong bull will pump the market and will bring huge benefits to all those who patiently wait.

It's more on how you take your decision after doing all the research that you needed that will help you in completely understand the
investment that you are involved.