Topic: Can I invest in month of October? (Read 1438 times)

If an investor wants to invest in the DCA method, he must plan for the long term, be prepared to continue the DCA in isolation for a long period of time, and for this he must build a strong income stream so that he can earn a certain amount of money regularly. and calculating his income and expenditure, he must determine such an amount, which he can continue to invest the same amount regularly. And this method he must continue and hold for the next two to three cycles of Bitcoin. And of course he has to keep an emergency fund ready, because without an emergency bill he can never continue his investment for a long time, because in case of any emergency if he does not have an emergency bill with him he will have to withdraw money from his holdings, which As a result, his holdings will be disrupted and withdrawing money from the holdings may result in losses. So he must keep an emergency fund ready and must invest money that he can continue to invest regularly and hold uninterruptedly.

The only considerations you should have is in your financial strength, don't be overly aggressive with your investment so that you would not lose your financial balance and end up preying on your investments before maturity.

Secondly, be sure to have a steady source of income so you can build up your emergency funds alongside your investment and don't forget to invest with your discretionary income so you can go for a long term comfortably.

You can choose to invest in Bitcoin at any time but in this case you must invest with risk because Bitcoin is highly volatile so whenever you diversify in Bitcoin you must have a long term investment plan. In that case you will get a chance to get a good profit. And if you want to give someone an investment suggestion, first of all make him aware of the risks of investing in Bitcoin and of course tell him to invest there at his own risk. Because you cannot guarantee profit to anyone, you have to clear these things to him or her

Having watched Bitcoin price performance this October, the expectations that the month usually favours Bitcoin in its appreciation ,has almost been ascertained, we only have few months to close the month on a bullish momentum,  and in my overall view, it's like to see cheap Bitcoin going forward might be a difficult thing, and plus the fact that the Fed may begin to cut rate sooner than later, and become dovish than hawkish,  this alone, will Ballon the price.

You are absolutely right because I don't see the reason why a newbie would want to figure out the right time to invest in Bitcoin before he or she will start to invest in Bitcoin. However just like as you have said I think it's a wrong decisions for a newbie, because normally as a newbie that really wants to invest in Bitcoin and hold for a long term investment can never think of investing in Bitcoin only on the mouth of October because as a newbie doing that we going to lead you into panicking in your Bitcoin investment.

Once newbies have learn the basics knowledge of Bitcoin especially the risk that involves in bitcoin, no time they cannot invest in Bitcoin, they can invest anytime. but what they need to know is that bitcoin investment doesn't easily come with profits, so the newbies should be ready to patience enough and ready to hold their Bitcoin investment over a long period of time, and that it only that way they can able to make profits for Bitcoin.because if I should view the statement well saying can newbie take advantage of this October, I view it that the person is expecting profit very soon if not I don't expect the statement to come in that way,because no time someone cannot invest in Bitcoin, especially for newbies because they don't have the proper knowledge to do their own research and time market.




To be honest, Bitcoin is very hard to predict. The truth is that if someone just wants to invest, let them just invest, and that is all. Thinking that what happened in last year October may happen this October, I don't think it's work in that way, and if someone follows that pattern, it may likely lose because it may have a target to sell soon because its aim will be that the Bitcoin price will increase, which may be wrong. Bitcoin is pretty to buy now if someone can hold it for the long term for better future profits.

Soon, this thread will be closed as October is going to end until next week. And the question if it's okay to invest for this month will remain a question for those that haven't invested yet and there will be regrets that they should have bought when it's still as early as this month. Everyone is seeing on how this month is going so far and the bulls are quite stronger than the bears for which we see quick recovers whenever it dumps to $66k. That gives a confidence for the long term holders but looking at the price, we'll hear the same thing about it being said as it's still an expensive price to pay.

Since crypto is volatile, no one can accurately predict when the price of a coin will increase or when the price of a coin will decrease. Like last few years this year also in the month of October we see an upward trend in Bitcoin price. Compared to other years, Bitcoin has gained 5.83% this year as well, according to CoinGlass' Bitcoin Monthly Return Chart.

Currently, small red candles are being observed in the Bitcoin market for a few days, that is, the price of Bitcoin is going down by a small amount.

Yes that's right if you are ready to invest in Bitcoin then buy now, Bitcoin can be bought in any market conditions even considered as the best time. According to Michael Saylor, CEO of MicroStrategy Company, there is never a bad time to buy or invest in Bitcoin, that means anytime is the best time to buy bitcoins for investment. As the market is volatile, Bitcoin price goes up and down over time. That is why it is very important to have the ability to properly analyze the market and gain experience in investing before investing.

The easiest approach for everyone is to invest using the DCA strategy with a fixed source of income. Moreover, if you invest in this way, your average cost will remain the same regardless of whether you buy Bitcoin at any moment in the market. By adopting the DCA strategy you don't have to worry about the price of bitcoins fluctuations because you can buy bitcoins by spending a certain amount of money at a certain time.

Price rises and falls with time and you never can predict price movements correctly with perfect accuracy rate. It's more helpful and also safe for you if you skip trading and avoid price prediction because as said, accuracy rate is big problem. Other than that, you can focus on investment that only needs you to know fundamental values of Bitcoin. You can see a trend of Bitcoin development and adoption, trend of market price, and make your investment plan.

With an upward trend, your investment will be profitable, without any need of trading or price prediction.
https://casebitcoin.com/charts#roi_chart

DCA is perfect to use if you want safety of your fund, want to have more time for enjoying your life.
https://dcabtc.com/

If you are ready to invest in Bitcoin, do it now because ideally there is no specific time to invest in Bitcoin because the Bitcoin market operates 24 hours a day and 365 days a year. It is natural that you are tempted to invest in Bitcoin because you want to try to profit from the ever-increasing price, but before that there are many things you need to know about Bitcoin before investing in it. Bitcoin is a highly speculative asset and has a history of volatility, but its long-term potential allows investors to earn multiples of their invested amount. If you want to invest, start with the DCA strategy, this will allow you to buy Bitcoin every certain period of time with the same amount of money, without having to pay attention to the price fluctuations.

There is no specific time that you can invest in bitcoin. There is always a tight time to invest in bitcoin. It depends on your target. You should be the one to set up a target for your investment. Everybody who invests in bitcoin plans for a very long time and not a short time, so if you invest and hold for a long time, you will definitely get your profit. So don’t follow anyone or what people are saying; nobody is controlling the market; they are predicting; nobody is sure of what will happen next in the market.


Exactly, that is what many people are not understanding—they are following what happened in the previous years. The market is unpredictable and anything can happen, so to me it is always the right time to invest in Bitcoin. Investors need to understand that the price can go up and down at anytime; knowledge is very good at the time.

People who ask the kind of question OP is asking are probably not ready to invest rather just seeking opinion of people.  Any serious minded person that wants to invest do not seek public opinion because all the information needed to start investing would have already been at his disposal. For such question, there will always be contrary opinion since people have their reasons for holding their line of thought, do asking such question here may not every generate any reliable motivation in the midst of such contradictory opinions. This is why I feel the OP may really not be ready to invest in Bitcoin.

Can I invest in month of October? yes frenn I mean you can invest at any given time tho October most people called as Uptober is really good month to take profit tho if you are scalper than its fine to buy and then get out and waiting for the good price again usually at the end of they year like this bitcoin price is tend to up.

OP can invest any time he has the funds ready to invest since plans to hodli for long, if he relents investing because of the current price of bitcoin, he might use the money for something else when an emergency arises. This is one of the reason why DCA investment strategy is the best because you buy irrespective of the price of bitcoin at that moment. Whoever tells you to wait for bitcoin price to dip before buying will deprive you from owning your bitcoin now. You can only give account of today and not tomorrow. You might be waiting for the dip and bitcoin price keeps pumping.

To be frank, you don't need any article to influence your emotion to the point of making you FOMO. However, it's never late at this time to invest in Bitcoin but you won't get the same profit margin as those who invested early this year when it was about half the price it's now. This is the bull rally picking up. You may want to take your chances. After all, speculations put its price above $100k per 1BTC as the expected new ATH. We're still below $70k now. Remember that the October you referred to is perceived as a favourable month for Bitcoin and that's why in some quarters it's fondly referred to as Uptober. That's because price is expected to rally up in the month.

However, DYOR and then find an entry if you're keen on getting in. It's never too late.

Yeah, the past Octobers majority of it have always been a positive one for bitcoin, which is why the majority of bitcoinners have faith in the month of October to be the start of the bull market, even as some will still argue that bulls have not yet steered.
 
We already have a lot of factors that could contribute to Bitcoin being on the green side this month of October, as we have seen $68,000 already today before it dropped down a bit to $67,700 as of the time of this post, so if the Op buys earlier, he could be on the profit side.

We are about half of October and so far Bitcoin performs good this month. It's up nearly 7% so far in October and compares 7% to median at 12.7% and average at 14.8% from previous October months, it's not too bad performance from Bitcoin.

It's good with profit for people who bought Bitcoin at start of October and hold it till today, and Bitcoin journey to complete this October is 2 more weeks, but they can look farther. To complete this market cycle and bull run, Bitcoin has many months ahead, more than only this October.

https://cryptorank.io/price/bitcoin/analytics

x2 from $67,000 is very good ending for this bull run but I am happy if it only hits $100,000 or even lower than that. From bottom about $16,000 to $100,000, it is more than x6 for profit, and people who bought at bottom in 2022 and hold it or who invested their money with DCA strategy, now have good profit too. Their average entry price with DCA won't be too much higher than $16,000.

As a newbie, all you need to do right now is to learn from those people who are very good in buying and selling of BTC in the industry, because  it will give you more impart to know exactly when to buy from the market and hodl. I believe you use to see the movement of the market in this month of October, because the price has hit higher which it may not dump before the end of this year but that will not stop you not to buy BTC in this month of October if you wish, since you are a newbie in the industry, I will advise you to exercise patience for the price to dump before you can buy and hodl which it will allow you to accumulate plenty of BTC.

It will be good you use small amount of money to buy since you are a newbie, the results you will get will determine if you will increase the amount or not because if you are making profit from your investment you will surely like to increase your capital.

Most often, growth began in the second half of October, it seems that this time there will be no exceptions. You are right that the period of accumulation of investments should fall on a bear market, and it may be a little late to start buying now, when the price is near ATH. I think that this will bring profit, but there is a possibility that you will not even be able to get x2 from your investments.

You can evaluate it in different ways, on the one hand, this profit can be obtained in a few months, which is quite acceptable, but on the other hand, there are always risks that Bitcoin has already reached its ATH, although I think that the probability of this is very low, but it is present.