Topic: How profitable it is possible to invest in bitcoins in the new year 2023. (Read 784 times)

As a new member of the forum and new in bitcoin and crypto world generally, my suggestion for you is that you don't rush in investing in crypto. Because knowledge and understanding are the most important for investing in crypto. So, you should first start learning and gaining knowledge about bitcoin and market sentiments.

Once you gain 'sufficient' knowledge next important thing is strategy. You need to play smart and make your strategy of investment and fund management.

Now coming to the question that is it still profitable to invest in bitcoin then my answer is it depends. It depends on how you invest  your bitcoin in what places and which what strategy. You can still get profit if you use them properly with proper knowledge and planning, otherwise there are chances of loss as well.

It is legally right now to invest in bitcoin because no year or time is ever late for it,if you do start bitcoin investment now with an high level of experience investor now you will have a good result from it .
What is there is you just need a matter of time and devoting yourself,give it the time and attention.up coming bitcoin investors are to be very smart and creative as well.
You investing in bitcoin in the year 2023 it a big privilege for a beginner to fine and experienced investor so as to teach you how to invest wisely and get profit, you can start with any capital but I think the best is starting with a lot of capital on so it will be easier for you to see your profit quick.

Bitcoin has always been very volatile, the price is already 21k but it can fall as quickly as it rose. But now, as before, the price is still very attractive for buying, even if the future the price reaches ATH from its current value, then your investment can already be considered very successful.

That what we are seeing now seems too manipulative, I doubt that it will continue further and reach large values, most likely after this local growth the price will fall again for a while.

Investing in Bitcoin can be profitable if you hold it for a long time. Investing for a short period of time can never expect to make a profit. I think Bitcoin market will not grow that much in 2023 but 2024 is the most likely to grow in Bitcoin market. So at this moment it is better to not lose patience and invest in Bitcoin and hold on.

At the current situation of the market and being currently at a bear market, I think that investing in Bitcoin in the year 2023 is very profitable.  We all know that 2023 is the year before the halving and looking at the bitcoin price chart, the year before the halving is when the price of Bitcoin is really down.  So buying in this kins of trend is like buying at a discount.

If we look at the current ATH, the current price is somehow at -72% of its all-time high, we have seen Bitcoin breaking this ATH a year after halving so basically the lowest possible profit of those who bought Bitcoin at this price will be 3.66x (Bitcoin price at $18859) when Bitcoin starts to rally and break its ATH.

That's right.

Someone who wants to be good in trading will go through several tests and experiences before can be good at it. There can be a lot of losses instead of wins and that's to be expected.

And as someone who invests in bitcoin, it's not just all about investing but you're also learning its technology, market and other aspects that do affect it and other markets as well.

Of course I totally agree that bitcoin is one of the most potential crypto assets to invest in. The risks are certainly well known and I don't think that's why people don't say it king. In the long term it is certainly more likely to get a higher price, and each cycle is something to look forward to. You have to be sure that the risk is worth the return, so don't hesitate to get more bitcoins in your portfolio in the long term.

Anyway, currently at almost $19K, that's going to be even higher in a while.

As profitable as ever, simply put. People have this bias that just because an asset's price already soared up to the stratosphere, they don't stand a chance at earning massive profits from it anymore. That's just severely untrue and if you succumb to that way of thinking you are doing yourself a disservice. Imagine if everyone thought that bitcoin couldn't reach 20k, back in 2017, we wouldn't be here at all. I feel like I'm going off a tangent here but anyways, it's always profitable to invest in bitcoin, it's a very secure asset to hold for one, with a lot of potential for profits especially if you coincidentally bought some before a bull run, and ultimately just a good coin to keep in your portfolio.

Knowledgeable investors should explore Bitcoin. Due of your inexperience, market research is challenging. Any market, including Bitcoin, has risk. Before investing, research and with a financial expert.

Start small and grow as you learn. You can test the market without any financial risk. Another alternative is hiring a Bitcoin-savvy investor or financial counselor. Ask them for financial guidance.

Remember that no one can foresee the market's exact movement, so keep a diversified portfolio and don't put all your eggs in one basket. Long-term investing is usually better than short-term volatility-based decisions

Not only in Cryptocurrency, but in all other investments, it is necessary to start with small amounts and get to know the sector a little.  If you know a little about the sector, then you can have an idea about your investments yourself.  If you have come to this forum and needed to ask something, if you have discovered this forum, you must have seen that this is a forum where almost every question about cryptocurrencies is answered.  My advice to you is to spend some more time in the forum and try to understand the basic concepts of Bitcoin.  If you are going to invest in altcoins or Bitcoin later, you decide.

Bitcoin always potential coin and it is better to investment on bitcoin in dip. bitcoin price now around $17000 and i think it is much dip and bitcoin price will not dump bellow $15k so this is not a bad time to invest in bitcoin. if you have enough money and if you have ability to investment then youu can bought bitcoin. but you must accept risk before bought. coz crypto investment is risky and also much profitable.

I realized that it is not possible to become a good trader overnight by investing in Bitcoin for a short period of time.  Rather, if you want to earn money by investing in Bitcoin, you must analyze the market well and be patient.  Investing requires self-confidence and knowledge without which a person can never succeed in such an investment.  So I think at present time it is very good to analyze the market well and then invest in Bitcoin and invest in Bitcoin for a long period of time and make money.

If we bought today and want to make a profit tomorrow, then this is no longer investing, this is trading. It's possible, but it's definitely not an investment. If we are talking about investing in bitcoin in 2023, it is still very profitable, we are still very low, and the fact that we have been growing the last couple of days should not be misleading, the price is still very low, sell now it's too early, the price can also go down, it can be a temporary increase after which we will go down again.

It was profitable OP, no doubt. But if we wonder why some investors had lost their money? It is simply because they are not good at investing and handling Bitcoin. Because in their mind that once they invest today they can make money by tomorrow, it is a wrong perception and they end up selling as they never understand the situation. The future of our investment lies in the hand of the investor, not the market. It was us personally to decide what we wanted to happen but if we lose control of everything, failure and losses are what we really get.

We can't determine how much profits you will make before making any investment in bitcoin as market is uncertain and the actual profits will be disclosed at the time you decide to sell your coins.But one thing is sure if you have decided to hold it for long term then definitely you are going to make profits even if you look at past graphs.The decision of investing in btc on new year is best but for me if you hold it long term.

even if you have no much experience but has enough amount to invest ? then Bitcoin is the place mate , there are no safer coins to offer than this as you can buy now cheaper and wait for another 2-5 years and collect your profit.
and looking for good investors to advice you? this forum is enough to use as good advice mate , there are tons of topics here that tells you how and why to invest in bitcoin.

The investment potential of Bitcoin in 2023 is hard to predict, as there are many factors that will affect its success. To best answer this question, it's important to understand the state of the market heading into 2023 and how those changes might create opportunities or challenges.

First off, it's worth noting that Bitcoin has been wildly volatile over its lifetime thus far. Prices can quickly change based on news or events that occur around the world. Additionally, understanding the concept of halving is essential for investing in Bitcoin since halvings directly affect supply and prices can rise accordingly when a supply decrease occurs. The next halving event is estimated to take place in May 2024, but should still have an effect on prices leading up to then (especially if more investors continue entering the market).

In terms of predicting price action over the next few years leading up to 2023 however, we don't have a crystal ball but what we do know is that experts are fairly confident about Bitcoin continuing its upwards trend throughout 2021 and early 2022 before possibly tapering off slightly once we approach mid-2022 - all based on current projections regarding capital inflows into both institutional investors & retail traders alike. So while there's no guarantee that these predictions will bear out in reality by 2023 or even beyond then at this point due to unknown factors affecting demand/supply dynamics over time which could send BTC prices soaring/crashing unpredictably along with other markets fluctuations etc., they're useful guidelines nonetheless when considering whether investing now would be lucrative or not come later down the line some years from here onwards onward if certain conditions remain constant (or enough so). 

In conclusion, given all these elements taken together it appears likely that profitable investments can indeed be made with Bitcoins by 2023 especially so long as proper risk management protocols are employed alongside market analysis & research prior + during any session(s) eyeing gainful returns too!

Bitcoin is certainly worth investing in. Now the market price is slowly rising, but I don't know how the market will develop in the future. Invest in Bitcoin without expecting to make a quick profit. Investing in Bitcoin can be profitable and rewarding in the long run.

It is true and most of market analysts suggest that investing in Bitcoin for long term always yields better returns, but it requires high level of patience & perseverance to keep holding your position during the downturns of  market, such as happened with FTX & LUNA. Though bearish trends never last for ever and eventually come to an end, but it is important to remain invested and don't make decision based on day to day market fluctuations unless you are proficient in trading.

I would say that investing in Bitcoin gives you a profit, you can absolutely earn money as long as you know how to handle your emotions ( doubts, fear, patience). If you believe in yourself that you can do this, then grab this opportunity now and don't wait for somebody to tell you that. I know you are not new to crypto, perhaps you are following and also doing research which I could say that you are already familiar with the volatility of the market. We can't sure that this year 2023 bullish or maybe bearish again but despite of any market condition Bitcoin still a profitable investment.