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Is it a good time to enter the market right now as a newcomer?

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by COINS NEWS 146 Views

hey everyone

so i’m a newcomer to crypto who wants to play around with $100 USD in the market to see what i can do. this is obviously a very minuscule amount of money. i am however wondering if it is a good idea to enter the market right now. i’m not looking to gain exponential wealth. i’m 17 and i just wanna make some side cash for my own leisure because i cannot get my own job.

from what i have researched so far, crypto in general follows the movements of bitcoin. and seeing as bitcoin is sitting at high-ish price relative to its recent crash and its ATH it makes me question if i should wait and have patience to buy my way in when another dip happens or if i should just say “fuck it” and buy now. i keep seeing people mention that there was a recent bull market and an upcoming bear market and crypto winter. i feel like that should be the more logical time to enter crypto right?

anyways reddit, what do you think? enter now, or enter when the bear market hits? and if i should enter when the bear market hits, how long will it take for the bear market to hit? i can’t seem to find that time frame anywhere.

side note: i don’t think DCA is necessarily something i should consider because DCA helps investors breakdown large investments into small chunks. but when i’m only looking to play around with $100 does it still make sense to DCA?

edit: after the overwhelming recommendations to enter the market, i shall DCA my way into my first portfolio. thank you everyone, i love you <3

submitted by /u/TPSJAMNTEA
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