Topic: How can I start investing in Bitcoin? - page 3. (Read 801 times)

I would say its good but for me, it's never ideal to enter a pre bullish market as you cannot maximize your purchase since bitcoin price is still surging and even altcoins as well are also having a good position. The best time to enter the market is when you see prices are dropping low, as you have all the opportunities to buy a lot as you can, depending on your funds budgeted for investing.

However, if your only wish is to finally enter the market despite of the coins current price, because you're up to long term hodling, then I have no against with that. Just make sure to never be affected and resort into panic selling when the market suddenly experience market correction.

Early investing always pays off since there are more advantages than waiting, and an investment must be able to take advantage of any potential benefits so that they may be easily grabbed. This is how investors act they seize opportunities. And the price might get high. And it might get more difficult to buy and might not be even convenient. As far as the money is available then you buy not necessary to wait for 2024 their will always be regret for people that invest later so invest now to aviod regrets later and that will be much more better. And I will such for the person investing should wait until next time.

   Bitcoin investment is a good one but you need to be very careful ,have you read and understood the principles of Bitcoin investment before going into it ?

*   Decide which currency you want to Invest .
  
*   Directly invest by using one of Bitcoin major crptocurrency exchange which you want such as Binance or Coinbase because most Bitcoin investors use cryptocurrency exchange .

*  Save your cryptocurrency in a digital wallet because all your information is stored and kept in your digital wallet.

*.  Determine how much to invest,you have to focus on the total amount to be invested in instead of the number of coins you are to buy.

*.  Manage your investment.

Another way to invest is to buy shares in a company with a significant Bitcoin exposure like Bitcoin mining company and funds associated alongside Bitcoin.
   Beginners can invest in Bitcoin especially through major crptocurrency exchange or brokerage.
  You start buying your Bitcoin by visiting a cryptocurrency exchange website and follow the website's instructions to purchase your Bitcoin and other digital assest. It is advisable you start buying immediately because delay might be dangerous don't wait till January 2024
  
    

First of all how did you got here and what motivated you to be a part of the bitcoin community if you should be asking this question if it's a good practice or not investing in bitcoin by January next year. As a newbie if there's anything you should be grateful for in being a part of this community at this time is the fact that you arrive at the right time to invest with the bullrun closer in anticipation count yourself lucky and start investing with the small amount you can start with. And also learn about DCAing there are many resource threads and materials online that can guide you on that.

No one can accurately tell you what Bitcoin price will be in January 2024; whether it will be lower or higher than what we've now. My suggestion to you is if you've got the money now to invest in Bitcoin (since you've already made up your mind on it) just go ahead and do it now. Don't wait for January. 2024 will be filled with price chase. It's going to be a FOMO year because of the expected halving around April 2024. Those who are dilly-dallying and foot dragging now will have much regrets soon when price begins to pump as usual as it's characteristics of a bull rally.

Thanks, yes I'm new here I will learn and make reach as you rightly said, I also need your help and guidance for me grow.

I have seen some person's who borrowed money to setup a business or invest in bitcoin it works for the person,so life is all about taking a rick and good information.

I think all about making money is Rick and mindset, no matter the time you invest your money, all you need is Patricians, if didn't work out as expected you keep on moving one day it will work for the person.

There is no fixed time to invest in Bitcoins Everyone should take an immediate decision to start investing in Bitcoins and continue investing as per DCA as per their ability. Because DCA greatly reduces risk from everyone's investment and minimizes profit and loss.  DCA is a very effective strategy for a safe investment without worrying about quick returns. So definitely every investor should start investing in Bitcoin immediately following DCA. Because Bitcoin is a highly potential currency of the future

Moreover, maintaining a flexible strategy, adapting to market shifts rather than solely relying on predictions, could bolster success. Remember,  combination of research, security checks, and adaptable strategies will likely yield more consistent results in an ever-fluctuating market.

and also most importantly, if he does not have any previous investment experience and knowledge, it is better to first study Bitcoin and the market. I'm afraid many beginners panic when faced with a fast-moving market situation. Having capital is not enough to start investing, but being knowledgeable is also important.
without knowledge, the investment made may not be as planned. and if it fails it can put a bad perspective on Bitcoin investment.

It's certainly good to invest in bitcoin but if I were you, start entering the market when the price of bitcoin is relatively low and cheap, that way you can buy more bitcoin with your money. And as long as you only invest an amount that you can afford to lose, that is a good start for a beginner investor in the market. Just continue to hold longer your coin so you will also sell in profits in the future.

Everyday is actually a good time to invest in bitcoin. But for you to maximize your investment even at a first purchase, timing the market when bitcoin price is not highly expensive.

It's open and understanding that their is no time you start a bitcoin investment that is not good something to do, but the problem is that you have to be timing or study the basics things of bitcoin before you can as well start a bitcoin investment,  because some people will advice you to start investment immediately January 2024 without investigation and research concerning bitcoin investment, so the thing that makes you to understand bitcoin properly is to be able to interpret the movement of candles sticks

Well investing into bitcoin is always profitable, regardless of its price and time to invest. Even when bitcoin price is at its peak, I'd still think that bitcoin investing is still a wise idea, as long as you hold it for long term without getting tempted to sell at a loss price.

My advice is don't start in 2024, as you know and there are many topics circulating on the internet, in 2024 there will be an ATH phenomenon in Bitcoin that year, In general, it is clear that the price of Bitcoin skyrocketed that year, that is the prediction of some crypto experts and several other sources that we have seen and read, every four years Bitcoin changes.

So, invest after Bitcoin's ATH occurs, maybe entering 2025, that's the right step if you want to invest in Bitcoin, that's my advice and to the best of my knowledge, But everything comes down to thinking for yourself and making the best choice, your beliefs are very important to determine.

To start, create an account on a reputable cryptocurrency exchange, like Coinbase or Binance. Educate yourself about Bitcoin's volatility, its market trends, and consider your risk tolerance before investing. As for January 2024, predicting Bitcoin's future value is uncertain. It's essential to consider market conditions, global events, and your investment goals. Diversification and consulting a financial advisor are prudent practices before investing in any asset, including Bitcoin.

Investing in Bitcoin has always been a good practice for anyone who believes in the potential of Bitcoin. As long as you have a certain amount of money and the money is not used for other needs, you are free to invest whenever you want. If you are ready to invest now, why wait until the beginning of the year. Do it now, don't wait any longer because the best time to invest in Bitcoin is now, not later and later.

Learn everything that you can about Bitcoin so that you won't make some mistakes, buy a hardware wallet to store your Bitcoin and make sure you only invest what you can afford to lose.

The biggest mistake that newbies make is having no job to keep DCA into Bitcoin every time, they instead invest with money that's meant for some other things and after a month or two they will have no choice than to sell the Bitcoin and try to survive on the little money they made.

First thing to do is making money and using it as your source of investment into Bitcoin, the more money you keep making the easier it will be for you to keep gathering your small BTC and in time it can go big when a new all time high is achieve.

Their is no wrong time to invest in bitcoin,  I think people who are serious about bitcoin will always buy when they have opportunity to buy bitcoin. For some people when the price is too low they complain about it that the price of bitcoin is to low , that it might still get dipper whereas this buying dip is the best time to buy bitcoin.  Now the price at which bitcoin is  some people are still complaining that it is too high and not the right time for them to buy. We are bout to enter the bull market I believe their is nothing wrong to buy at the price which bitcoin is now.

Why not start investing right this minute so you can get your hands on some cheap Bitcoin before the fomo gets high by next year and you can't get some cheap Bitcoin anymore. There's no right or wrong time to invest in Bitcoin as your investment should be for future purpose. The only time I see setting a future date for when you'll start investing in Bitcoin is when you don't have funds at the moment but expecting something in the future then it's justifiable to set a future date to buy Bitcoin.

If you have funds available, buy them now and not wait for the future. An Investor buys and waits and not wait to buy (that's what traders do). As an investor you don't wait for the perfect opportunity to buy Bitcoin, when you keep waiting you give room for the spirit of procrastination and when it becomes a habit you would miss the opportunity to get your hands on cheap Bitcoin.

Investing in Bitcoin is very easy to start, what you need is a good wallet for storing of your Bitcoin and a hardware wallets is the most recommended but as a newbie, you can start your journey with wallets like electrum that's very reputed but only use them on an airgapped devices and secure our sensitive wallet information very well to avoid exposure to hackers and causes a lost of your investment.