Topic: Are you ready for crypto investing in 2024? - page 3. (Read 769 times)

We are already in 2024 on which there are still people who do make out those questions, if they were late or would really be that still worth on investing on Bitcoin or in crypto? Until when they would really be making themselves be getting behind when there's a market pump in price or having that bullish run. This is where they would really be starting on having those regrets and whining that they had missed out the opportunity
on which they didnt really take up such action on the time that the price is really that still low.Regrets do always happen in the end and not from the start. If you would really be always having those doubts then you would really be that missing opportunities on taking up some chance for you to make profits specially if the market would really be making its cycle.

Now that we are on 2024 on which this is a halving year for Bitcoin, we do know on what are the events that would happen and here comes that bull run. Then it would really be
just that wise that you should really be wise on taking up a position before its too late. You would really be leaving up yourself on making profits
if you wont really be making such act now as of this moment.

I wish you good luck but if I were you, have your focus on Bitcoin alone if you feel unwise in choosing altcoins to invest in.
We can't rid of scammers but we can't avoid them by taking caution in choosing coins to invest in. But if we are too greedy and easily tempted to high rewards and quick profit investment, that is not a big surprise.

Indeed, preparedness is very important before making a step towards crypto. The first step will cause a huge impact and that somewhat also leads to the wrong direction.

I don't think it is too late if you plan to invest in bitcoin through 2024 and will take profit in late of 2024 or early 2025. It is still enough time, months to DCA.

DCA in a bull market is still helpful to get profit but must know to exit when you see good profit. I can not predict future but Bitcoin usually makes its new all time high about 6 months or a little bit longer after its halving, so DCA till like September and try to exit is not bad.

I agree that DCA is best if you do it in a bear market, especially if the bear market already lasts about 1 year. Because bear market usually last 2 years and a second year, then third year will be a warm-up before halving and next bull run.

If an investor is going long term, like 4 to 8 years, it is not bad to DCA in 2024. I have my belief that in 2028 or 2032, we will no longer see price like $45,000.

I think it's too late to use the DCA strategy - it should have been done when the value of Bitcoin dropped below $20000. Or wait for some tangible correction of Bitcoin, about 25 percent of the current price, where you can fill your bags before the next upward movement.

This is the best time to invest in crypto, there are some method you should employ while buying coin this year, such as DCA. Also you should try and use exchange with some good market analysis tools like the smart portfolio bot on Bitget exchange which helps you to automatically rebalance your asset.

If you have doubts, then sell half of your coins, and continue holding the other half. In this case, if the price drops, you will have the money to buy again at a reduced price. Well, if the price increases, then you will have the second half left for sale.

People with smart minds are always growing their portfolios with spot trading and multiple investments. there are always opportunities to make more money in crypto. I don't think waiting for such vacation times to invest in crypto is a good thing. sometimes these vacations can be beneficial but sometimes not. now see for yourself. Holidays have passed already. the second week of this year is about to start. but the Crypto market didn't make any major moves. maybe because ETF and halving are upon us, that is why.
Big traders are probably waiting for some certainity in market before filling their bags further more.

even though it's a halving year, usually before halving the price goes down. so wait for a deep price correction and then buy a lot and hold.
Next year will definitely profit a lot.
But yes, you have to be patient waiting for the sale not to be too hasty. and the buy is waiting for a correction to the low price point,

DCA is the way forward, and yes there are events like bitcoin halving and spot ETF lined up which will give boost to the Bitcoin price and at the same time when market remains highly positive the best we can do is to accumulate Bitcoin as much as possible. Just need to keep in mind that we are betting on 2024 but rather 2025 could be the bullish year if we follow the pattern of last two bull runs as they started the next year from the time halving took place. I am positive about market even if it goes either ways if it pumps then it's good if it dumps then we should consider that as time for Bitcoin accumulation.

2023 we experienced less volatile in trading Bitcoin during the 2nd quarter especially. Of which it affected some traders. because most traders rely on the volatility of Bitcoin to execute trades. But at the end of the year, there was a bullish movement in the price of Bitcoin and so many traders began to make good profit consistently.

The Christmas holiday and new year brought about some good tiding to traders and investors. I am beneficial of it. However, for now i will prefer holding what i have in my portfolio instead of day trading for some little profit. We are expecting so many news that will bring about a progress in the market so a, curiously waiting to hear.


You're the first person i read his comment on this thread that is believe that the market is uncertain. Others tend to be certain of what will be the price of Bitcoin this year and 2025. The cryptocurrency is filled with uncertainty. If i know what the price of Bitcoin would be tomorrow, next month or next. Unfailingly I will buy enough of it and even go as far as taking loan because i know i would soon be rich.

It is consistency. It is the key to a successful investment. This is what affect most bitcoin traders and investors especially those who are new to it. For old traders and investors, it becomes easy to maintain consistency because they have found a good strategy that works for them, so they stick to it until the market changes then they look for another strategy or shift a little in their current strategy. While for newbies, it is difficult to find a strategy that works for them. It will take them some time to get used to the pattern. During this period, they may lack consistency, and this would certainly affect their trade or investment.

For me, bitcoin is not the tool that I am using to get to something else, for me bitcoin in itself is what I desire. Basically if we look at your example, you are saying that people are in crypto business to buy a house, let's assume that a house is 100k dollars, that means if I invest and eventually reach to 100k dollars, then I would stop trading and investing and just cash it out and buy that house? I would not really consider that as smart, whatever got me that much money, would get me even more so I will stay at Bitcoin, I wouldn't plan on putting it anywhere else.

Obviously, if I ever end up with silly amount of money, like a million dollars or more then I would diversify and buy a house or so as well but that will probably not happen. It's the crypto world, I have learned not to say never happens or anything, so even though I do not believe that would happen, I think the possibility somehow exists, and I would consider buying a house only in that case.

To be honest, I'm not ready yet, I'm still a little nervous. I'm still learning when it comes to crypto, I'm not fully knowledgeable yet, I don't want to repeat my previous mistakes, so I'm still skeptical.

If you have a good amount of spare money which is intended for savings, this is a good venue to invest your money. Yes, halving is one of those big events that may bring a positive impact on the market, though it's still risky as there are ups and downs which are normal, you need to be more precise with your goals to make sure that you will not go and panic when uncertain events take place.

Crypto investment needs not only your money, but more of your time to study and understand how the industry works and how you will find that good opportunity for a profitable venture in this market.

2024 will bring more excitement for crypto because of the upcoming big events that are bound to happen this year  so I will always be eager to invest and maximize my bitcoin accumulation regardless of its current high price. But if given the chance that bitcoin will drop its price deeply and will fall below $40k, I think that will create more opportunities for us to be highly profitable in the future while we continue to accumulate and maximize our bitcoin portfolio through DCA.

If this would be your first time on experiencing the halving event then better brace yourself as these things would really be totally random in speaking about movement.
Basing up on past events on which we are still on pre-halving season on which there would really be still that huge last dump before the market starts to have that bullish run but of course there's no way to detect it out
whether it would be happening on post halving or pre halving and this what makes it hard because we dont really know on when it would happen. Therefore, you should really that make yourself that getting prepared for whatever things that you would be able to encounter. The important thing on here is that you should really know to make out adjustments whenever you do be able to experience those unexpected conditions.

If you wont really be that making yourself that ready for this 2024 or even on further years then you wont really be able to survive such year on doing investment or trading.
Everything would really be that volatile and this is something that you should really be getting to be prepared on because if not then you do know on what would happen next.

Same here. I'm curious what'll happen to Bitcoin post-halving too.  Even with some uncertainties, seems like an exciting time to have skin in the bitcoin game.   

Who knows if selling now would be a mistake down the line.  I still believe cryptocurrencies will keep gaining traction.  Sure, bitcoins future impact is hard to predict precisely.  But, based on what I've researched, I'm hopeful and want to stick it out. 

  Most of us here probably want to make a profit in the cryptocurrency business. And the others even have the goal of buying a house and land, a simple business, and a car. These are just some of the things we want to get and achieve through the crypto industry we live in.

  So with these goals, as investors, we must know how to analyze potential cryptocurrencies and, at the same time, have extensive knowledge of crypto trading and the use of tool indicators, because that is important for trading investors in this field.

I want to believe you are joking right or you answered OP to fill up the post quota? You are here since 2016 and has been posting since then, I don't know how you were able to survive crypto till now and you said you are new to crypto or perhaps I should assume you have been here and has never bought and this is the first time you bought and hold a coin, right!

---

To OP, I have some bitcoin I have managed to hold till now and I'm holding tight, I'm compelled sometimes with life challenge to sell despite having some profits already but I'm still holding expecting what the future hold to bitcoin this time. I want to see how far we are going this time and what is going to happen before the halving and after the halving, specifically the fees that are now object of manipulation and discussion. I want to see how everything will go this time around and be part of the journey.

after the new year holidays the market crashes, aka down prices. actually in the year of halving prices down it is best to buy. add to the portfolio so that you can profit a lot and maximise.
And of course trading on spot not in the future, because in the future is very risky. has a very high risk as well as forex.

Personally I think the best period to invest in crypto had passed recall in November 2022 the price of all major cryptos experienced a bearish sentiment that is the price is at low thus opened opportunity for investors to buy at a very low price with DCA, some investors even bought with 3x leverage fast forward now in 2024 this is the period for profit taking as majority of the cryptos price had pumped and yielded good returns now and possibly a another round of bullish season is imminent with the approval of Bitcoin ETF by SEC and halving of Bitcoin later in the year those investors would have earned massive and huge profit after those events.