Can I invest in month of October? | Bitcointalksearch.org

Ndabagi01

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Quote from: Different patterns on September 27, 2024, 02:21:12 AM

Which is I came across a news article stating that October is approaching and is a highly potential period for Bitcoin, suggesting it might be the right time to invest. My question is, is it advisable for a newbie who has never invested in Bitcoin before to take advantage of October too Are there any limitations or considerations I should be aware of as a newbie?

As a newbie, you can enter the market at anytime but first have the basic knowledge of the market. Know how to secure your wallet and protect it. Privacy and security are two essentials you shouldn’t joke with when going to invest in bitcoin for the first time. It is true that October has always been a great month for bitcoin historically, but that doesn’t mean it will be the same every year. To avoid the regrets of missing out on investing in bitcoin, it is a volatile market and can be very hard to predict. So it’s advisable to invest at anytime you have the opportunity to. Bitcoin long time goal is to be a profitable investment base on past indications, then it should be encouraging to invest when ready and not wait for a specific time for that.

dzungmobile

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Quote from: Adbitco on Today at 04:51:04 AM

Bitcoin investment doesn't have a special moment of investment neither does it have a special day to invest, what matters is how calculative an investor can be during their investment. But the right methods of investment at this periods is DCA and with this methods you can gradually accumulates more bitcoin if the price drops you buy than investing heavily, what happened is that if you can't truly detects the movement of the price then DCA is always the best methods of investment.

I agree with you, but this question is popularly asked by newbies. They think they have only one or limited chances of investment in this market.

Will the Bitcoin market die tomorrow?
No. If yes, why do you want to invest your hard-earned money in it.

If this market continues, like how it has been growing up since 2009, more exactly since 2010 when we have first Bitcoin exchanges, newbies will have many time to invest.

Invest, DCA, and continue it with time like several years like 8, 12 or longer. Sweet profitable investment result will come.

Adbitco

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Quote from: Jewan420 on October 04, 2024, 01:24:56 PM

Investing in Bitcoin has no fixed time frame. You can join Bitcoin at any time. As a newbie try to stay away from trades. Don't get attracted to trading/short term investment. Definitely invest money in Bitcoin for long term holding.

It is impossible to say whether this October is the right time to invest in Bitcoin. But you start investing and gaining knowledge about Bitcoin without delay. Importantly, if you do not have a reliable source of income, it is better not to invest. The source of income is most important for investment.

Bitcoin investment doesn't have a special moment of investment neither does it have a special day to invest, what matters is how calculative an investor can be during their investment. But the right methods of investment at this periods is DCA and with this methods you can gradually accumulates more bitcoin if the price drops you buy than investing heavily, what happened is that if you can't truly detects the movement of the price then DCA is always the best methods of investment.

Rhema_Artz

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Quote from: Different patterns on September 27, 2024, 02:21:12 AM

Good day to all members of this great community! I previously asked questions and received helpful answers and advice from our elders to focus and engage with different boards to learn and grow. As a newbie, I'm eager to continue learning and have another question.

Which is I came across a news article stating that October is approaching and is a highly potential period for Bitcoin, suggesting it might be the right time to invest. My question is, is it advisable for a newbie who has never invested in Bitcoin before to take advantage of October too Are there any limitations or considerations I should be aware of as a newbie?

The source
https://azc.news/3-reasons-why-you-should-buy-bitcoin-in-october-id29080/

I'm glad you asked as a newbie who hasn't developed much courage myself I'm grateful for the lessons I've learned so far

avp2306

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Quote from: Jewan420 on October 04, 2024, 01:24:56 PM

Investing in Bitcoin has no fixed time frame. You can join Bitcoin at any time. As a newbie try to stay away from trades. Don't get attracted to trading/short term investment. Definitely invest money in Bitcoin for long term holding.

It is impossible to say whether this October is the right time to invest in Bitcoin. But you start investing and gaining knowledge about Bitcoin without delay. Importantly, if you do not have a reliable source of income, it is better not to invest. The source of income is most important for investment.

Trading would be the first thing introduce to them and for sure they would like the idea about buy low and sell high which is common word learned by newbie. But for sure once they are on the scene they would figure out that those simple buying and selling does not exist since market volatility is so high and most likely they would lose if they miscalculate everything especially if they do spot or futures trading.

Some of investor especially those who have less knowledge think about October is best time to invest since this Uptober trend is circulating in internet. This leave impression that if they start to invest now then there's huge chance for them to earn a profit. But realistically speaking this situation is not true. Since its hard to spot fast profit from bitcoin if someone telling that then promise good return to you if you invest with them then most likely that this is a scam.

So its really more better if they always look up for bitcoin investment for long term since this will give them more realistic profits.

Jewan420

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Patience and hard work are the keys to success.

Investing in Bitcoin has no fixed time frame. You can join Bitcoin at any time. As a newbie try to stay away from trades. Don't get attracted to trading/short term investment. Definitely invest money in Bitcoin for long term holding.

It is impossible to say whether this October is the right time to invest in Bitcoin. But you start investing and gaining knowledge about Bitcoin without delay. Importantly, if you do not have a reliable source of income, it is better not to invest. The source of income is most important for investment.

Yucky

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Quote from: Finestream on October 04, 2024, 11:03:12 AM

Quote from: GeorgeJohn on October 02, 2024, 03:42:51 AM

Bitcoin investment doesn't been measured by monthly investment, at first what you should consider to invest in bitcoin should be the current market conditions not of month, except that you're working bitcoin predictors, who will convince you that October or November is the best time you can invest in bitcoin and this and that will be your target...all are fake, invest in bitcoin when you feel to invest, and some factors you should be considering most for investing in bitcoin is the bearish season and bullrun season, if you know the effects of this two words, I think you can choose anytime you feel to invest in bitcoin.

Invest in bitcoin when you are capable enough, mentally, emotionally and financially. That way, the rate of success is even higher. Unlike if you consider investing following particular month, I guess that's not highly relevant at all. Bearish or bullish season may fall any month of the year, so I don't think giving emphasis to the month you are going to invest would greatly matter at all. Just invest whenever you feel you have met the requirements to invest. And always invest at your own risk.

Exactly, the month doesn't matter, what matters is your understanding of the market and you investment budget. There is no guarantee anywhere that October is going to be bullish. The market is volatile which means it might look like it's going to make a lot of profit at the beginning, but towards the middle, it might go down. All you have to do is take your time to study the market. If you can find a trend on your own, fine. And start investing a particular amount every week or every month. So, whether the market goes up or goes down, you just have your study investment. That's the DCA method. And you can study more about the market before you start anything. Study about it very well before you invest any amount. Because if you invest more than you can, you lose, your mind might not be able to carry it when it dip.

Have your budget if you want to invest in. Take your time to do the investment. You can wait for October to even go down on November before you finally invest. You mustn't invest in October. If you don't trust the market, don't invest. Take your time. Your focus should not be, which month to invest to make money, instead focus will be, how will I understand the market better, so that with future time, I can make better decisions that will give me profit.

Finestream

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Quote from: GeorgeJohn on October 02, 2024, 03:42:51 AM

Bitcoin investment doesn't been measured by monthly investment, at first what you should consider to invest in bitcoin should be the current market conditions not of month, except that you're working bitcoin predictors, who will convince you that October or November is the best time you can invest in bitcoin and this and that will be your target...all are fake, invest in bitcoin when you feel to invest, and some factors you should be considering most for investing in bitcoin is the bearish season and bullrun season, if you know the effects of this two words, I think you can choose anytime you feel to invest in bitcoin.

Invest in bitcoin when you are capable enough, mentally, emotionally and financially. That way, the rate of success is even higher. Unlike if you consider investing following particular month, I guess that's not highly relevant at all. Bearish or bullish season may fall any month of the year, so I don't think giving emphasis to the month you are going to invest would greatly matter at all. Just invest whenever you feel you have met the requirements to invest. And always invest at your own risk.

knowngunman

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Quote from: CryptopreneurBrainboss on October 03, 2024, 05:13:38 PM

I don't blame the OP for asking this question because if you scroll through social media, all you'll see everywhere is the so called crypto expert predicting October to be a very bullish month for Bitcoin (which isn't a lie).

I will only blame Op if he only relies on the so called experts before taking financial decisions. Bringing this to forum for others opinions is also part of research and I would advise Op to concentrate on taking personal research than relying on online articles for financial investment. If we agree that October is normally a bullish month for bitcoin, why are they now advising their followers to invest in a bullish month? Are they not suppose to invest before the bullish period?

Instead of encouraging people to get appropriate knowledge, they choose to encourage them to do blind investment. My advice to Op is to invest what he can afford to lose at any time regardless of the month and should also remember that the earlier, the best. If we want to take advantage of the market, it shouldn't be when the market is on a run but when it's experiencing set back and then reap the benefits when it's bullish.

CryptopreneurBrainboss

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Quote from: Abbatty on October 01, 2024, 03:57:41 AM

I don't think there is a particular month that is specified for investing in bitcoin, that is why is very advisable to really make research and read more. I see it haven't been long you came to this forum and I can't say for sure if you are new to bitcoin or crypto currency entirely, but the things about investment in bitcoin is you can buy at anytime you wish as it your decision alone to make but can you be patient enough to wait and make profit off it that why many people will always say that make sure you have something doing that bring you steady income before engaging in bitcoin investment.

I don't blame the OP for asking this question because if you scroll through social media, all you'll see everywhere is the so called crypto expert predicting October to be a very bullish month for Bitcoin (which isn't a lie).

But they don't know that their so bullish prediction is making their followers make investment into Bitcoin with high hopes and nobody knows what this month holds as things might turn out differently this time but we don't hope for that.

So my advice to the OP is for him/her to not depend on the months before he can buy Bitcoin, buy Bitcoin when you have you money available as it isn't when you buy that you are going to know if you'll make profits or not but the number of months/years that you decide to hodl. The months don't matter so you can buy Bitcoin anytime.

While investing, try to only invest a small percentage of your income to avoid getting stranded because of lack of funds not available for your expenses.

BIT-BENDER

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The truth is that if we could all have the power to turn back the hands of time many of us would probably have done that and invested in 2010 or 2009 but that's just wise and it's not possible. So the question is when is the next best time and the answer is now. You can keep waiting on the side lines hoping for the next best entry point, no one actually knows when that would be.

If after you must have done your research and you feel you have gotten the capital you can afford to lose the this is the next best time. Note crypto-currency market still remain volatile and anything can happen

jcojci

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You can invest anytime you want but make sure that the market is in the correction moment so you can get a low price for each coin you want. The other suggestion will be analyze the coin before you buy so you know if that is the right or wrong time to buy and hold.

We can not rely on other people's suggestion without research because we must responsible with our money. If you want to invest in Bitcoin, you can use DCA method which makes you not to often to check the price moves. You can relax with DCA method because you only follow your schedule to buy Bitcoin and hold it for some time. But if you want to invest in altcoin, you must research to find the coin because that will different than invest in Bitcoin.

Hatchy

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Quote from: Different patterns on September 27, 2024, 02:21:12 AM

Good day to all members of this great community! I previously asked questions and received helpful answers and advice from our elders to focus and engage with different boards to learn and grow. As a newbie, I'm eager to continue learning and have another question.

Which is I came across a news article stating that October is approaching and is a highly potential period for Bitcoin, suggesting it might be the right time to invest. My question is, is it advisable for a newbie who has never invested in Bitcoin before to take advantage of October too Are there any limitations or considerations I should be aware of as a newbie?

Don't rush into investing in Bitcoin because of some speculation you heard on the Internet. Yes it's the month of October and from past price actions, we see that it was actually a month where Bitcoin price breaks it's resistance zones and moves to the up sides. As someone new in Bitcoin investment, you should look forward to learn about when the right time is to invest. It will help you understand more about the market fluctuations and all those things that will help you navigate and secure your investment properly.

Solokan

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Quote from: Zackz5000 on October 01, 2024, 01:12:30 PM

There is actually no particular month to make investment into Bitcoin what actually delay most of us not to invest into Bitcoin is procastination it kills alot of dreams, the best time to invest is now if the basic knowledge about Bitcoin investment is there already the next thing is to get started provided the fund to start with is readily available, with your emergency fund, reserve and float fund been made available too. Bitcoin is best sighted to be a long term investment you also need discretionary income which will enable you hodl your Bitcoin for long without thinking of selling them out.
The DCA strategy of accumulating Bitcoin will help accumulate Bitcoin in different price level either weekly or monthly and continue to hodl for long periods of time it could be from 4-10 and above.

Yes, it is absolutely true that if want to investment in BTC, of course you can whenever you want and of course investing in BTC is not only for a certain month as long as the investment in BTC is for the long term. but in my opinion, if investment in BTC for the short term have to analyze it well first and of course don't just buy it because if just buy it there will be potential losses that will occur if the price of BTC falls.

Yes, sometimes by delaying, delaying investing in BTC, there are times when someone regrets it later because the BTC price they see has gone up high, but of course by not delaying and delaying buying BTC, of course there will be the potential that in the future you won't regret it when you see the BTC price go on but yes, I totally agree with you that the best investment in BTC is for the long term as long as the knowledge is ready and of course only money that is ready to be lost should be used to buy BTC. and it's true that emergency funds, reserve funds and other funds are ready, then can invesment in BTC and of course don't make investing in BTC main business because of course we won't know the fate of BTC in the future, even though many predict the price will be higher in the future.

Yes, the DCA strategy is certainly a good strategy to start investing in BTC for the long term. Yes, it's October now, I hope the BTC price continues to rise.

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Quote from: Hewlet on September 27, 2024, 03:05:40 AM

Quote from: Different patterns on September 27, 2024, 02:21:12 AM

Good day to all members of this great community! I previously asked questions and received helpful answers and advice from our elders to focus and engage with different boards to learn and grow. As a newbie, I'm eager to continue learning and have another question.

Which is I came across a news article stating that October is approaching and is a highly potential period for Bitcoin, suggesting it might be the right time to invest. My question is, is it advisable for a newbie who has never invested in Bitcoin before to take advantage of October too Are there any limitations or considerations I should be aware of as a newbie?

The source
https://azc.news/3-reasons-why-you-should-buy-bitcoin-in-october-id29080/

buying Bitcoin because of the speculation you read from a source that suggests that Bitcoin will get to whatever amount by October is not the best approach for me. Realistically, it's less than a weeks before October and I don't know what your plan is and how much Bitcoin you will be able to buy from now till then. A lot of speculation has been going on for a very long time and it's purely people's opinion that came about based on past data and some projection they've done. If you buy Bitcoin because of what you've read and by October nothing really happens to Bitcoin price or the market experience a DIP, what will you do? Will you sell the few you've bought in loss?

As a newbie, what you need is Knowledge first then investment later. if you had acquired the prerequisite knowledge prio to now, you should have known that 2 months investment plan isn't a realistic one that will yield a reasonable profit most expecially when you consider that you might not have the resource to buy much Bitcoin as a starter.

My advice will be that you get the basic knowledge first, and then start buying with a small amount and work on building your portfolio for the long term. Research on best investment strategy and specifically check out how the DCA works and if it's okay with you, you can start using the DCA method. Bitcoin investment is not a one off thing, you need to make the right plan and go about it without expecting to be profitable at it in a short interval of time.

Rightly said everyone keeps talking about liquid asset but knowledge first and invest later should be the key principle. October marks the beginning of the festive period which offers lucrative opportunities. For those involved in Airbnb and tourism it's a good way to start looking in such directions, another suggestion which maybe interesting is engaging in packaging services for gift and accessories within this time of the year.

SmartCharpa

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Quote from: Different patterns on September 27, 2024, 02:21:12 AM

Good day to all members of this great community! I previously asked questions and received helpful answers and advice from our elders to focus and engage with different boards to learn and grow. As a newbie, I'm eager to continue learning and have another question.

Which is I came across a news article stating that October is approaching and is a highly potential period for Bitcoin, suggesting it might be the right time to invest. My question is, is it advisable for a newbie who has never invested in Bitcoin before to take advantage of October too Are there any limitations or considerations I should be aware of as a newbie?

The source
https://azc.news/3-reasons-why-you-should-buy-bitcoin-in-october-id29080/

Well, I don't think buying Bitcoin because of what you read is the best option for you, if you are knowledgeable about Bitcoin, you don't have to wait for the proper time to purchase as many as you can, as long as you have the funds. Bitcoin investment requires knowledge and money that's available at the time of investment. This forum is the perfect place for you to gain knowledge more about Bitcoin, other sources predicting that Bitcoin will increase in a few months aren't a good choice for you. No one can predict what the price of Bitcoin is going to be this month, in the months to come, or in the years to come but investors know its value to invest into and believe it will keep going up, which is why they are holding enough because they understand exactly where they are investing their money.

However, according to the article you read, October may be a perfect time for you to consider investing in Bitcoin. My question is, assuming you buy in October and the price of Bitcoin keeps falling, will you resell at a loss? I think you will be disappointed if you sell at a loss. Op, ensure that you understand more about Bitcoin, and you are free to buy Bitcoin whenever you wish.

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Quote from: Different patterns on September 27, 2024, 02:21:12 AM

Good day to all members of this great community! I previously asked questions and received helpful answers and advice from our elders to focus and engage with different boards to learn and grow. As a newbie, I'm eager to continue learning and have another question.

Which is I came across a news article stating that October is approaching and is a highly potential period for Bitcoin, suggesting it might be the right time to invest. My question is, is it advisable for a newbie who has never invested in Bitcoin before to take advantage of October too Are there any limitations or considerations I should be aware of as a newbie?

You can invest any time you want at the end of the day your investment goal is your top priority until when you will hold your coin and make a profit, people get a ride with the market volatility and they get a ride with the crypto making short trades now if you have a busy schedule and no time to check the market every day you can do a long term trading and wait for the all-time high like other people do strategy is with the DCA. Accumulate as possible so you don't regret it when the market makes another huge move. If its your first bull run I guess still congrats because you make it now you will see the potential of the crypto space.

YOSHIE

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Quote from: Different patterns on September 27, 2024, 02:21:12 AM

Can I invest in month of October?

Where you want to invest in Bitcoin or other types of crypto, as far as I know, if you have a desire to invest, you shouldn't do it in October, you can start whenever you want.

I'm also curious what's going on with October......! That's what's special about that month, in my opinion it's actually a worse month for the crypto market and it's not a good month to carry out activities in the crypto market, don't ask me for reasons.

My advice is that if you want to invest, just do it, why wait for October, for me there is nothing special about that month.

Adams0001

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Quote from: Sebas.tian on September 27, 2024, 02:49:39 AM

You can invest in Bitcoin at anytime when you have the knowledge of Bitcoin, because if you don't have the knowledge and you went to invest in Bitcoin in the month of October when the bullish season is still on in the market, it may cause you to regret for not exercise patience before approaching the market. I don't think this price will decrease below $60,000 before the end of this month which the bullish season will still be extend to October, which is not advisable for newbies to invest in Bitcoin than to wait for the price to decrease back to $40,000 before they can purchase from the market. What you need to consider before taking the advantage of October is the bearish season, because the decrease will allow you to take full advantage of the month of October to purchase any amount of Bitcoin and hold for future purpose.

Certainly, you may invest in bitcoin at any time; there is no certain date to invest because it is volatile and can increase and fall at any time, so if you have enough money, you should invest in it and top up your bitcoin investment at any time. so that anytime the price increase you will get more profits, anything on crypto is all about risk is just for you to be patient enough to learn and invest, and if you need fast money, that is why they have trading that can generate you money once and all is still sbot risk and you need to learn and understand everything about it before you can succeed on it, now that you are saying he should wait thing the bitcoin reach 40,000$

you can't predict so is better for him, if is really what to invest in bitcoin, and is for long term i will like him to invest because he will get huge profit and he should not be waiting for bitcoin to drop dippy before invest, because sometimes the price you want the coin to reach he won't reach the actual amount so is good to invest anytime you have funds and you are patient to keep it for long term am sure you will achieve your goals on it because is the best to invest in online is more better then other coins but all is belong to you anyone you prefer but am sure anyone that know bitcoin will give you advice to invest on bitcoin then other coins.

Majestic-milf

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Quote from: GeorgeJohn on October 02, 2024, 03:42:51 AM

Bitcoin investment doesn't been measured by monthly investment, at first what you should consider to invest in bitcoin should be the current market conditions not of month, except that you're working bitcoin predictors, who will convince you that October or November is the best time you can invest in bitcoin and this and that will be your target...all are fake, invest in bitcoin when you feel to invest, and some factors you should be considering most for investing in bitcoin is the bearish season and bullrun season, if you know the effects of this two words, I think you can choose anytime you feel to invest in bitcoin.

Exactly. The months don't really matter much because from the beginning of the year we've been seen favorable responses in the markets when in other years it was dismal so choosing October as the particular period to start your investment journey doesn't really mean anything other than you waiting till this period to start when you should have done it earlier (that's if the funds have been available earlier on though )
October is known as 'Uptober' for Bitcoin price but don't be surprised if it won't go high as many enthusiasts expect. Just do your thing, Op.

Topic: Can I invest in month of October? (Read 805 times)