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

Rustam Meraj

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Quote from: RockBell on October 13, 2024, 02:23:44 PM

Just because the market was showing positive last year October does not mean that it most be positive this year October we know how crazy that the market can be and the least thing is that you can not actually be able to predict exactly what will happen in the market so you don't predict because even with your predictions you can still fail that is one of the confusion that investing in bitcoin comes with you can not always get it right you have to take your time to have actually understanding of how this things works.

And any one that is always judging and relying on what happened in the previous years is not yet serious with investing in bitcoin, any sec you either have it in mind to have an increase or a decrease of bitcoin is trying to breakthrough a particular price, you most be ready to get your self prepared with all this so that you don't have to worry about your price.

That is right Last year market success does not mean this year will be successful. Market can change suddenly making it hard to predict what will happen. Investing in Bitcoin requires good understanding of its unpredictable nature. Relying only on what happened in past is not wise thinking investors need to be flexible. We should be ready for prices to go up or down. Having thoughtful plan helps reduce worries about market changes if it will go to any direction we should have backup plan too.

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Quote from: Nothingtodo on October 10, 2024, 01:08:38 PM

If you look at the bitcoin market in October in the past years, it can be understood that it was always positive, but no one can say whether this October will be positive or negative. But OP, if you have a desire and have enough opportunities to invest, you can invest in early October.

Just because the market was showing positive last year October does not mean that it most be positive this year October we know how crazy that the market can be and the least thing is that you can not actually be able to predict exactly what will happen in the market so you don't predict because even with your predictions you can still fail that is one of the confusion that investing in bitcoin comes with you can not always get it right you have to take your time to have actually understanding of how this things works.

And any one that is always judging and relying on what happened in the previous years is not yet serious with investing in bitcoin, any sec you either have it in mind to have an increase or a decrease of bitcoin is trying to breakthrough a particular price, you most be ready to get your self prepared with all this so that you don't have to worry about your price.

Tipeform$

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Quote from: Different patterns on September 27, 2024, 01:21:12 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/

Many analysts say that October can be the best month for investments. Many have said that the market will move a lot in October but we don't see any evidence of that. The market has been pumping for several days, but now the market has started to go down. But I think that however low it goes, it won't go much lower, maybe it will go higher from here and the market will set a new record.

Versatile_choice

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Quote from: Different patterns on September 27, 2024, 01:21:12 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 as a newbie it's completely wrong to jump into Bitcoin investment reason because you got a sweet information concerning Bitcoin on the month of October without a basic knowledge of how it works, definitely you are going to land yourself into regret, maybe taking your investment in loss. Moreover, there's no best time to invest in Bitcoin after all Bitcoin is not running, it's here and you can invest anytime and any day and as long as you have the idea of Bitcoin I mean how it works and you have a good source of income etc, all you need do is just consistency in your accumulating and holding.

CryptSafe

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Quote from: 2Pizza410000BTC on October 10, 2024, 05:14:49 PM

Quote from: Different patterns on September 27, 2024, 01:21:12 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/

For a newbie who has never heard of Bitcoin before and has no Bitcoin investment experience, it can be very risky to invest in Bitcoin be it October or any other month. Not just investment, there are different investment strategies, you have to follow that strategy.

A newbie will never understand how to invest so it is better to invest after gaining experience in that investment strategy. It is very difficult to predict when Bitcoin will rise and many may say Bitcoin can be easy to predict. Many have seen positive prospects for the month of October but we currently see that the market is filled with a lot of volatility in the month of October. It is very difficult to predict which direction the market will go from here. Perfect for any time investment but the most important thing is that the wallet must be very secure to keep the investment safe or else your investment can be stolen by anyone.

At first, I think the funds that would be used for the investment purpose matters as well because that would determine how the reaction of the investor would be towards their investment be it a newbie or a knowledgeable fellow. Using spare funds and investing for a long term would not be an issue if an investor decides to look towards crypto direction. However, this would allow for time the investor to learn more about the market trend and also there would be a calm and patience from the newbie investor as a result of the long term investment plans and also avail them the opportunity to learn more about crypto and its opportunities in the long run.

2Pizza410000BTC

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Quote from: Different patterns on September 27, 2024, 01:21:12 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/

For a newbie who has never heard of Bitcoin before and has no Bitcoin investment experience, it can be very risky to invest in Bitcoin be it October or any other month. Not just investment, there are different investment strategies, you have to follow that strategy.

A newbie will never understand how to invest so it is better to invest after gaining experience in that investment strategy. It is very difficult to predict when Bitcoin will rise and many may say Bitcoin can be easy to predict. Many have seen positive prospects for the month of October but we currently see that the market is filled with a lot of volatility in the month of October. It is very difficult to predict which direction the market will go from here. Perfect for any time investment but the most important thing is that the wallet must be very secure to keep the investment safe or else your investment can be stolen by anyone.

CryptSafe

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Quote from: ThemePen on October 10, 2024, 03:49:16 AM

Quote from: CryptSafe on October 09, 2024, 12:35:24 AM

It is true that from historical charts, Bitcoin is always at bullish season October but that does not guarantee that it would be so this October. Already October started but we are still yet to experience the bull this time. I believe as at now the price of Bitcoin is still low which one can go into the market and I would suggest such investment should be for a long term so you could collect profit on the long run and be able to understand how the market works while Watching and having a first hand experience with the market trends.

Crypto is very risky and volatile which you should know that already and I must say that you should invest with your spare funds which you would have nothing to do with for the lengthy time of your investment as the case may be so that it does not bother you alot seeing the direction of the market irrespective of the situation of things as it is with you.

Yes that is right that historically October has been good month for Bitcoin but what happened in past does not mean it will happen again. October is here but we have not seen expected increase in value yet. I also think current low price is good time to buy Bitcoin especially if you plan to hold onto it for long time. This way.you can handle ups and downs of market and learn as you go and make money over time. By the way keep in mind that investing in cryptocurrency is risky and unpredictable. So only invest money you can afford to keep tied up for a while so changes in market can not affect your financial situation.

Currently, the market is at a point were one can take a good position. From the looks, seems this October would be different from the rest of the others because so far, it has been on bear and almost getting to two weeks now with the hope of price picking up to normal. Maybe the bull would come forth towards the month end as we see but however, keep in mind that bitcoin price always bull after a period of time in a bear season and it is good to take statistics of the events for record purpose so as to have knowledge about the investment and trend patterns before investing. Lastly, as it is with bitcoin and crypto investments, always do well to use funds you could afford to lose as always advised.

Crypto Library

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Quote from: Nothingtodo on October 10, 2024, 01:08:38 PM

If you look at the bitcoin market in October in the past years, it can be understood that it was always positive, but no one can say whether this October will be positive or negative. But OP, if you have a desire and have enough opportunities to invest, you can invest in early October.

Bull-season is getting closer as days go by, but I think that the beginning of October will be bullish, but I don't think this month will be bullish or positive. Already Bitcoin has dropped to 58k. But if someone wants to invest now, I will definitely not say it is the ideal time because when the market is bullish, no big investment is ideal. The investment time is the bear season when we do not invest because of fear.
But as like me also wanna say if you want to investment on bitcoin and you have fund for that then you can make investment withe the DCA strategy which will cost low risk also.

Nothingtodo

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If you look at the bitcoin market in October in the past years, it can be understood that it was always positive, but no one can say whether this October will be positive or negative. But OP, if you have a desire and have enough opportunities to invest, you can invest in early October.

Tmoonz

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Quote from: Kelward on September 28, 2024, 10:07:13 AM

Quote from: Different patterns on September 27, 2024, 01:21:12 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?

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

Why wait till October, before you can buy Bitcoin, from what I've read too, October, will be a bullish month. If you're going by what is said about October, then you need to buy now and wait for it. Although nothing is certain and nobody really knows what Bitcoin price will be in October, everything that you hear are just speculations. As some experienced members have suggested to you on this thread, it's better to equip yourself with Bitcoin knowledge first before investing so that you will not panic unnecessarily when price begins to dip when you're expecting it to skyrocket. You can decide to buy now and hodl or you can wait till after the bull run, then buy in dip when we'll enter bear run.

Honestly since no one knows precisely how far or low Bitcoin will go with certainty and guarantee, a newbie shouldn't be bordering much about timing the market conditions before making purchase of Bitcoin, perhaps Bitcoin is best appreciated when viewed from a long term perspective hence there is nothing so special about the month of October for anyone who's intention is to buy and hold which at some point is mostly advisable, op can utilize the DCA strategy to enable him purchase Bitcoin without any form of timing the market conditions and hold for as long as necessary possibly 4 to 10 years or even more of having the compounded value of his investment over time.

Catenaccio

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Quote from: Pmalek on October 10, 2024, 05:51:45 AM

History has a tendency to repeat itself, and due to previous results in this particular month, October has been nicknamed "Uptober." I wouldn't pay that much attention to that. If you have money that you want to invest, just do it. DCA is a good strategy if you don't want to purchase a big sum all at once. You can never be late to own bitcoin.

Many geopolitical tensions will affect the price. I don't need to mention what is happening in the Middle East. Escalation of that conflict on a bigger scale or, God forbid, nuclear warfare would significantly impact Bitcoin's growth. Then there is the US presidential election that has its impact. Europe is battling unregulated stablecoins...

Bitcoin monthly return chart can give another different view than the Monthly ROI table shared above.
Bitcoin DCA calculator with a chart of backtest results from DCA strategy.

October is called as Uptober but I am careful with this for trading. For investment in long term, I don't see importance from a single month because with long term investment, it will be longer than a single month or even a single year. By using DCA strategy for long term accumulation, October will be similar to other months, as another month for DCA.

Dollar Cost Averaging with costavg.com include exchange fee

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History has a tendency to repeat itself, and due to previous results in this particular month, October has been nicknamed "Uptober." I wouldn't pay that much attention to that. If you have money that you want to invest, just do it. DCA is a good strategy if you don't want to purchase a big sum all at once. You can never be late to own bitcoin.

Many geopolitical tensions will affect the price. I don't need to mention what is happening in the Middle East. Escalation of that conflict on a bigger scale or, God forbid, nuclear warfare would significantly impact Bitcoin's growth. Then there is the US presidential election that has its impact. Europe is battling unregulated stablecoins...

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Quote from: CryptSafe on October 09, 2024, 12:35:24 AM

It is true that from historical charts, Bitcoin is always at bullish season October but that does not guarantee that it would be so this October. Already October started but we are still yet to experience the bull this time. I believe as at now the price of Bitcoin is still low which one can go into the market and I would suggest such investment should be for a long term so you could collect profit on the long run and be able to understand how the market works while Watching and having a first hand experience with the market trends.

Crypto is very risky and volatile which you should know that already and I must say that you should invest with your spare funds which you would have nothing to do with for the lengthy time of your investment as the case may be so that it does not bother you alot seeing the direction of the market irrespective of the situation of things as it is with you.

Yes that is right that historically October has been good month for Bitcoin but what happened in past does not mean it will happen again. October is here but we have not seen expected increase in value yet. I also think current low price is good time to buy Bitcoin especially if you plan to hold onto it for long time. This way.you can handle ups and downs of market and learn as you go and make money over time. By the way keep in mind that investing in cryptocurrency is risky and unpredictable. So only invest money you can afford to keep tied up for a while so changes in market can not affect your financial situation.

HajiBagi

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Quote from: Different patterns on September 27, 2024, 01:21:12 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/

It is your choice to choose if you can invest now or not because from my understanding investing in Bitcoin doesn't have a time that you can invest or not to invest, bitcoin is an unpredictable investment which is why you can't know the perfect time to invest, you can invest whenever you are capable of investing, you might be thinking that October is best decision and after you buy it the price might still come down more than the amount you buy it and that will make you feel like you don't buy it in a good time like I said, bitcoin is unpredicted investment because we don't know what the market price will show later at the end, bitcoin price can change in just a minute.

As a newbie, you have to keep in mind that you are investing in Bitcoin and it is an investment that the price can change at any time that is why it is you need to know much about Bitcoin before taking any step of investing in it, if you are interested in buying bitcoin in this October that is your choice and if you want to wait for the price should come down and invest that is your choice but what you need to know is that bitcoin can price can drop and Rise at any time.

KingsDen

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Op, entry point is always a problem when you are investing for a short term purpose. But if you are ready to hold for a minimum of 4 yes, entry point will not be much of your problem. You could enter at any time like this with the DCA method.

Quote from: hugeblack on September 27, 2024, 03:30:53 AM

I read the article and the article will be based mainly on History of October^[1] and Technical Analysis (EMA50) in predicting the price, neither indicator may be good in predicting the price direction but if you want to make a medium-term investment (a year or a little less) with a return of more than 10% then investing in Bitcoin may be an excellent option.

[1]

According to this infographic, if we miss the bull this month, our next target is February. Check the image again.

FinneysTrueVision

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Based on historic trends, October tends to be a bullish month for Bitcoin. If you expect the price to pump in October then you should have probably been buying it in the months prior. With that said, it is never too late to invest in Bitcoin. We have not yet seen the price increase that many people were hoping for. Bitcoin is at a discount compared to its all time high. I expect it to eventually surpass the previous record and you will make good profit when this happens. There is always a risk that the price will go down significantly so you should invest carefully and perhaps do small periodic buys to DCA rather than going all in.

CryptSafe

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It is true that from historical charts, Bitcoin is always at bullish season October but that does not guarantee that it would be so this October. Already October started but we are still yet to experience the bull this time. I believe as at now the price of Bitcoin is still low which one can go into the market and I would suggest such investment should be for a long term so you could collect profit on the long run and be able to understand how the market works while Watching and having a first hand experience with the market trends.

Crypto is very risky and volatile which you should know that already and I must say that you should invest with your spare funds which you would have nothing to do with for the lengthy time of your investment as the case may be so that it does not bother you alot seeing the direction of the market irrespective of the situation of things as it is with you.

cryptoWODL

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Quote from: Onyeeze on October 08, 2024, 06:04:54 PM

I have not see anything special for investing on the month of October and other months, the thing is that, invest in bitcoin when you have time to invest in bitcoin, don't because of month to invest in bitcoin, because I know that the price of bitcoin is stable and since the price of bitcoin is unstable, it can increase at any point in time, so bitcoin price can even increase at month of February 2025 whereas other people like cryptocurrency predictors is assuming or thinking that the price of bitcoin will increase this month of October, so nobody knows the correct time bitcoin will increase

There is no bad time to invest in Bitcoin ie there is always a best time to invest in Bitcoin. It is best to buy regularly in line with a specific source of income i.e. buy whenever you get the chance (Anytime from January to December). Those who are waiting for certain months to invest in bitcoins in which the price of bitcoins will increase according to the previous history, basically one of the objectives in their investment is that they want to make more profit in the short term.

The OP mentioned in the title of his post, Can I buy Bitcoin in October? He wanted to point out that since every October has been bullish in the history of bitcoin price growth, he also thought that October would be bullish this year and even if he would take advantage of that investment, Perhaps the opportunity he had been waiting for had not yet come before him. Question to OP Since the first week of October has already passed have you bought bitcoins for investment?

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Quote from: Publictalk792 on October 08, 2024, 08:26:08 PM

Quote from: Rabata on October 07, 2024, 12:40:58 AM

Before investing in Bitcoin it is necessary to gain knowledge about it. If an investor has investment knowledge then he is definitely worthy to invest in Bitcoin. But no investor should depend on any particular month for profit. The month of October is different from the others months. Bitcoin has a high probability to be bullish from this month onwards.

Bitcoin is heading towards the bullish movement we have been waiting to see since the 2024 halving. Last march Bitcoin has been bullish. We saw bitcoin gets new ATH at the earliest. But since then Bitcoin has been a bit bearish and October starts the market gradually turns green. If we look at the charts for other months of the year, October looks relatively green. Those who have decided to buy Bitcoin for short term or long term they can invest in Bitcoin without any hesitation. Long-term investment is the best suited for Bitcoin investment.

You are right investing in Bitcoin requires much understanding of market. Relying on making money quickly especially in specific month like October is not good idea. This approach is risky because it is based on uncertain expectations. Historical patterns show October might be good month for Bitcoin and 2024 halving could lead to significant growth. However cryptocurrency markets are naturally unpredictable. Long term investment strategy is best for Bitcoin. This approach allows investors to withstand market ups and downs.

Considering the months for investors can create some confusion about how reasonable it is to invest which can slow down your investment momentum. If you are accumulating bitcoins following the DCA method, month or price should not be taken into consideration as your main goal should be to run multiple cycles and tend to get large holdings. Investment decisions for quick profits can be risky for an investor's capital, so you should be strategic in reviewing the crypto market and making purchase decisions. In fact, considering the volatile prices, it is a timely decision for you as an investor to phase in and buy some. In that case DCA method can be a good decision for you which allows you to accumulate Bitcoins for long term regardless of price.

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Quote from: Rabata on October 07, 2024, 12:40:58 AM

Before investing in Bitcoin it is necessary to gain knowledge about it. If an investor has investment knowledge then he is definitely worthy to invest in Bitcoin. But no investor should depend on any particular month for profit. The month of October is different from the others months. Bitcoin has a high probability to be bullish from this month onwards.

Bitcoin is heading towards the bullish movement we have been waiting to see since the 2024 halving. Last march Bitcoin has been bullish. We saw bitcoin gets new ATH at the earliest. But since then Bitcoin has been a bit bearish and October starts the market gradually turns green. If we look at the charts for other months of the year, October looks relatively green. Those who have decided to buy Bitcoin for short term or long term they can invest in Bitcoin without any hesitation. Long-term investment is the best suited for Bitcoin investment.

You are right investing in Bitcoin requires much understanding of market. Relying on making money quickly especially in specific month like October is not good idea. This approach is risky because it is based on uncertain expectations. Historical patterns show October might be good month for Bitcoin and 2024 halving could lead to significant growth. However cryptocurrency markets are naturally unpredictable. Long term investment strategy is best for Bitcoin. This approach allows investors to withstand market ups and downs.

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