Quote from: lienfaye on Today at 03:08:56 AM

Quote from: MiF on Today at 02:46:25 AM

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.

It is always safe to buy mate if you will not sell at loss and you have a big patience to wait for the coin that you hold to pump then you are safe and you will not loss youre money, emotions that you cannot control causes anger and doubt and it can make you loss, so control youre emotion and give time to research for good.

I agree. Patience and the ability to set aside your emotion can prevent you from selling at loss. Thus even you didn't bought your crypto during bear season (or at the price that you think is already the bottom), it won't matter since you can control yourself not to panic sell and has patience to wait for the perfect time to take profit.

Just make sure that the coins you'll buy are good even you hold it for long period and not some kind of coins that can turn to shitcoin or be delisted in exchanges for a reason.

However, if we invest in an unpopular altcoin and don't have strong fundamentals, sometimes selling it with a small loss is the decision we have to make because there is a possibility that the altcoin will decrease in value over time, say like LUNA Coin which makes many investors regret and had to lose everything because we didn't sell it immediately when the crash started, so far in my opinion bitcoin is the only coin that is good for us to hold long term because bitcoin is proven to be able to survive in any situation even sometimes when there is a drop in price it can bounce back quickly.