Can I invest in month of October? - page 2.

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.

GeorgeJohn

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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.

ImThour

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You shouldn't wait for a specific month to start before investing. Understand the Cycles, and if you are too much interested into Technical analysis, you should try checking out Bitcoin Charts at 1 day or 4 hour interval to invest. Put a Bollinger Band and when the Bitcoin price is touching the bottom band on 1D interval, you can safely buy there. Not an investment advice, just sharing one of the step that I follow when I put my money into Crypto.

8rch7

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Welcome October or Octobear, current market going down drastically bitcoin almost drop to $60k last few minutes ago and I think your waiting for moment coming true to buy back or investing in bitcoin and some top potential altcoin.
I don't sure will have another lower price for bitcoin after last few minutes ago most lower price or upcoming several hours later become the moment for bitcoin get recovery and reach back to higher price.
You can check the market currently and take decision to buy back or waiting with another lower price, but don't be disappointed later if possibility with bitcoin will hit and reach more higher price later.

Zackz5000

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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.

Abbatty

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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.

Investing in bitcoin requires alot of patient and when you don't actually have anything that bring you money you will be forced to sell even when your investment it at a loss so make sure you are finically okay then invest and be patient so you can make profit off your investment.

So the answer to your question is there is no actual month chosen for investing in bitcoin for you can invest when you feel the market is okay for you to invest. It your decision and yours alone. Probably you can ask expertees for guidance and when the market is favorable so you can invest.

tabas

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Quote from: Marykeller on September 30, 2024, 05:50:48 PM

My advice to you is don't go by what news articles told you about Bitcoin before you think of investing in it; invest because you feel convinced and you want to risk your money in Bitcoin.

Many people are being misled by what news articles they read as news about Bitcoin. When they didn't see that happening as to what they read, they became furious and aggravated that this was not what they read about Bitcoin that got them to invest in it.

It's part of the manipulation by the article writers and the news that they are producing for the community. What's pretty bad when they're paid to do such content in the advertisement of a project or a company that paid them to do that. Relating this with Bitcoin investing is that, we're free to do it whenever we want but for the sake of the newbies, they need to learn first the basics before they believe someone else's business and investing tips. In modern days, many are relying on other's knowledge thinking that it will make them rich. But stop that thinking because investing should be a personal knowledge that's being developed and this is why the rich became rich themselves.

Quote from: Marykeller on September 30, 2024, 05:50:48 PM

However, to avoid such a situation happening to you, invest in Bitcoin anytime you have spare money. It can be this October or November, anytime you feel like, so long as you have a long-term investment plan because that should be the goal.

That's the plan that the majority of us here that many newbies don't believe, in the long term. They are in a hurry and want to take a huge chunk from the market without understanding it. The importance of the basics are really visible.

Samlucky O

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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?

Investing in bitcoin doesn't have day, month or year. Just invest any day or anytime, provided you have the fund to invest. If you have it in mind to Invest in the month of October to make profit and it didn't work out that way, you will have a negative though about bitcoin or seing the person that advices him as a bad person because he/she didn't give you the right information. The right information is that bitcoin is not a get rich quick scheme, so you would have to invest continuously either with DCA , lump sum or buying the dip till you have accumulated a reasonable amount and hope for Bitcoin to pay In the future.

RockBell

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Quote from: _act_ on September 28, 2024, 11:58:50 AM

I prefer to buy bitcoin during the dip. That is why I can not buy bitcoin this time because I have already bought some already when the price was low. I think buying now will not hold so much profit for me if bitcoin will not surpass $100000 or maybe it will surpass the six digits nobody know yet. Just like you said, what people suggested are just speculations, but if he can hold even if bitcoin do not increase in October, the price will still later increase, either this year or next year but I prefer for higher profit which is investing after huge bear market.

That is like the usual thing to do when you want to invest in bitcoin so that you don't miss the opportunity of buying and the dip will always open up that opportunity once in a while so that you can buy and accumulate it, most people have already purchased bitcoin and they are just waiting for things to change but it is looking as if nothing is going to change for now. You want to invest and yohd considering the money then you can buy in fraction. This 100k speculation is still in people's mind and we are still watching that is what people that are holding can do. We can not say for sure that bitcoin will increase this October, bitcoin price is not something that you can predict i can assure you of that. But when it happens and you are holding then you don't have a problem then. The bear as been long around now so the next bull run will be an heavy blow qm very sure of it, the longer the bear the longer the bull will get when it starts and I love how people have this strong conviction about bitcoin.

Marykeller

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My advice to you is don't go by what news articles told you about Bitcoin before you think of investing in it; invest because you feel convinced and you want to risk your money in Bitcoin.

Many people are being misled by what news articles they read as news about Bitcoin. When they didn't see that happening as to what they read, they became furious and aggravated that this was not what they read about Bitcoin that got them to invest in it.

However, to avoid such a situation happening to you, invest in Bitcoin anytime you have spare money. It can be this October or November, anytime you feel like, so long as you have a long-term investment plan because that should be the goal.

Franctoshi

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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/

Before you think of investing your hard earned money, you should be aware that the cryptocurrency market is a volatile one , and there is a possibility that you could lose all your money if time is not taken .

Don't wait for best opportunities to present to Blyuy your Bitcoin, as you may or may not have opportunity to buy in the best price.
Bitcoin is forging ahead into its bull run, therefore if one buys now isn't a bad investment, though the best time to accumulate is during a bear market.

Use DCA method to stack some tats, this will help you to solve the problem of trying to buy at the best price or time.

Roseline492

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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/

First of all you made a right move in asking this question in other to make a good investment decision, so actually the fact that Analysis has it that Bitcoin price are normally favourable in the month of October shouldn't make you to have the believe that the moment you invested on Bitcoin you will start making profits, perhaps let's say the Bitcoin price increases on the month of October and you have only invested $50 do you think there would be any much increase on your funds? So since you are just starting I would advise you think about how to really go into Bitcoin invest deeply and not for profits making because if what you would easily gain on the month of October is what brought you into Bitcoin then you need to have a change of mind.

Mayor of ogba

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Since bitcoin is a long-term investment before one can benefit from it, there's no perfect time to invest in bitcoin. If your money is readily available, you can start your bitcoin investment right away without even waiting for October to come. If you want to start your bitcoin investment, use the money you can afford to lose or the money you can do without for a long time so that you will not be dismayed if there's a little drop in bitcoin price. Also, when you are investing in bitcoin, no matter how shitty your source of income could be, you should always keep emergency funds so that if there's any unforeseen problem, you can use your emergency funds to solve it, and it will make you hold your bitcoin for a long term because you will not depend on it to solve your unforeseen problems.

Smartvirus

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

My question is, is it advisable for a newbie who has never invested in Bitcoin before to take advantage of October

If there was a period to Bitcoin investment, I bet no one would invest eventually. Because even in that time, people would rush in too quick and that would in turn creating a buying frenzy if I could call it that and that would result in volatility which would definitely push price and turn Bitcoin to just a pump and dump commodity. You wouldn’t want that and neither would I, that’s why you don’t need to wait a time or month to buy.
If you’ve got the funds, then by all means you should be buying regardless of the month and have a better plan towards holding the coin

NicNacCoin

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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/

Investing is a personal thing in this case if you have enough money and if you are interested in investing and have not invested yet then you can invest. Also if you are in doubt whether to buy from this instant market or buy at a lower price then you can continue investing using the DCA method. If you use DCA method in your investment then I think your investment will be more successful. Since you are a newbie and you don't have a very good idea about the market, it is important to use your DCA method right now. It's not yet October, the market is still in lows, so you can invest. However, you must use a secure wallet to hold your investment. Keep your wallet seed phrase in a safe place where no one can steal your investment if you can secure your wallet.

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Quote from: SamReomo on September 28, 2024, 03:59:49 PM

Yes, it's advisable to invest in Bitcoin whenever it's price is low, at present time Bitcoin is already high in value because a few days ago its value was still below $60k, and now it's over $65k, and that's why it depends that either you want to invest in it now or wait for a dip so you can invest in it. I personally never invest in Bitcoin when it's value gets higher but some people recommend that type of investing...

Of course, in this case, the difference is 5 thousand dollars. But I am sure that OP is not going to buy 1 BTC, so the difference on his investment will not be so big. But in this case, he will always have the opportunity to buy more BTC if the price drops.

Miles2006

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What’s the special event? I don’t think anyone can predict when to buy bitcoin, You buy when the money is available and accept the market condition either bull or bear market but, it’s better to take advantage during bear market. After reading the article one of the major reason they feel buying bitcoin during October is important is due to past event and they feel bitcoin will rise, that’s normal because everyone have their different opinion about the market. I will urge you buy regular using dca or any strategy of your choice including buying bitcoin anytime not just October, starting now is okay because bitcoin still have better opportunity compared to October only. Following social articles concerning when to buy can’t be trusted most times people do sell in lose just because they read something online without making personal research, buying bitcoin has no limit so anyone can buy bitcoin any time.

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I would say no , except if you do it at the very begginning of october because as you could have seen on some tables posted by some members above, October is one of the more profitable month of the year for Bitcoin. The second behind November for the average value (+23%) and the first one for the median value with +28%. So if you wait too much, you could buy it at a high price and face a harsh drop in November, December and January. Fortunately, February is a good month for BTC price with +16% for the average and +15% for the median value.

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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?

It's good that you got some helpful answers here, and that's always the case here. Those experts out there are sharing what they know about the question. It's just that, there are some newbies who are asking some kind of non-sense question that's why they will also get a non-sense kind of answer. Nevertheless, I believe that experts here are very helpful as long as they know what they're answering.

If you will just base it on the price history of Bitcoin during the month of October in the past 10 years, you will see that Bitcoin's price tend to be bullish at that time. There's a chance that it might happen again this year especially that everyone is expecting for a bull run to happen. Now I'm not saying that I'm 100% certain that it will be a bullish month because there's always a chance that it might not happen like what many are expecting. Just look at Bitcoin this month. Based on history, September tends to be a bearish month for Bitcoin, but it will end up around 10% or even more since.

Anything can happen, but will I recommend it for you as a newbie? You can still I guess, but continue learning and invest only a few bucks.

nakamura12

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It all depends on you if you decide to invest on October or won't invest at all. Anyway, it doesn't have to be on October or something like that since as I have explained that it's entirely up to you to invest or not. As many people would say, it's not to late to invest in bitcoin though you know or learn about bitcoin years later which means you didn't know about bitcoin when it already existed for many years. You should try investing in different cryptocurrency (you should choose crypto that are on the top rank).

Topic: Can I invest in month of October? - page 2. (Read 816 times)