Topic: How profitable it is possible to invest in bitcoins in the new year 2023. - page 2. (Read 784 times)

Hello Bitcoin People. First you must have a clear idea of what you want to do, if what you want is to invest in bitcoin in the short or long term, if your goal is to invest in bitcoin only in the period of time of the year 2023, there are many speculations as to whether it would go up or down, for example, one of the most widely read magazines in the world of finance "forbes" commented in one of its articles related to the whereabouts of BTC this year, arguing that:




SOURCE: https://www.forbes.com/sites/qai/2023/01/05/bitcoin-is-in-for-a-wild-ride-in-2023-here-are-the-predictions/?sh=4d5dd2529fad

The speculations of this year vary a lot, there are even friends of mine who say that this is the year of 100 thousand for bitcoin. My recommendation is always to invest in bitcoin in the long term because it will always end up giving you better results.

The profit you make on your investment depends on your average cost of buying and how market performs in 2023 which nobody can predict correctly. However, as most of analysts suggest, Bitcoin has already seen its bottom and we are witnessing clear signs of market recovery since beginning of 2023. Hopefully, Bitcoin will perform better than what it did in 2022 & its price is likely to stabilize above 20K during the current year.

As for how profitable investing in Bitcoin will be in 2023, I'm sure no one will know because the amount of profit one gets depends on an investor himself, how much he invests and how long he can last in keeping an asset. What's more, market conditions are not doing well.
Investing in Bitcoin, especially not for a short time, if only profits in 2023 might be able to generate profits, but only in small amounts because basically investing in Bitcoin is included in the long term if you really want to get big enough returns.
If you want to start investing, it would be better if you take and buy Bitcoin in small amounts first, but you have to do it regularly and consistently.
If you already have a sense of confidence and patience, you can increase the number of assets even more.

Trying to be very rich, very quickly is a hard sell and it will cause a lot of trouble. I have to say that the best thing to do would be making sure that you end up with a big plan for a long term. It's not going to be easy fix and it's going to take a while for anyone to handle it, but it will also be something very important for everyone to handle. If you could achieve such a thing then you are going to end up with a good profit, because long term is the way to make money in this market.

I know not a lot of people think of the long term as a way to profit, but that's the case, since you can't bring in 500 dollars and turn that into 5 million dollars in a week, why not try 30 years? That suddenly makes it possible.

Warm greetings from me to those of you who want to invest in Bitcoin, As we know that bitcoin always experiences a similar cyclical polarization from year to year and basically the price of bitcoin is categorized as fluctuating, therefore my advice is not to use large funds first because maybe your mentality will shake in the middle of the road and it's better to do a DCA (Dollar Cost Avergaing) strategy or make continuous purchases of the same amount and use a timeframe, once a month or once a week to keep panic in the event of a decline.
Most people here believe that 2023 is the right vehicle to profit from the 2024 halving.
You also need to pay attention, keep your Bitcoin in the safest place.

DCA is undoubtedly good strategy for those who hold reasonable amount of funds and use them prudently. While using DCA strategy it is also important to wait for major dip to buy Bitcoin to reasonably reduce cost of averaging buying price. If we continue buying on every minor dip, then soon we will run out of funds & miss good buying opportunities. Patience is the key factor in building portfolio at good price, and waiting for the right time to book profit.

No, people still care about technology, but it doesn't take precedence over money, and if technology doesn't make a profit, then nobody cares, that's inevitable. In the development of the world, a lot of technology is created but cannot be profitable, people will quickly discard it.

You don't need to worry, no one can control bitcoin not even the government, and bitcoin will soon be known and widely used all over the world for the benefits it brings to us.

This year is a good time to invest in Bitcoin, and the price of Bitcoin is still relatively low. The market is slowly moving forward, now regularly buy Bitcoin at low prices and hold it for a long time to profit.

Since you are new here, you should first learn how the market works. No one can predict which year is going to be profitable for investing in bitcoin. Only invest what you can afford invest. If you have money lying around, and you wouldn't need them for years, then put those money in bitcoin and keep holding until you reach your profit goal. It can be this year, or the next year, or the year after next year the bull run might start. If you keep waiting, there is a chance you might end up the chance of investing "at the right" time.

OP: with that user nickname Bitcoin_people your question does not seem organic to me, you have to start there, always be suspicious, always, over time we will see if you are an honest user who arrived to the forum with a real concern.

Then if you are a user who really asks about his honesty, they are very weak questions, so vague incoherence for the year 2023, after more than a decade of bitcoin use and consequently all the available information that exists.

I always find it very crazy when in the focus of those who want to help they mention YouTube, I ask you do they have to do it?.

In fact, do you know that it is rare for someone like you to come to this forum wanting to ask questions and learn, given the access times to the information we have and the competition from other niches.

So, Yes! the opposite is interesting, someone they tell you "go to a forum called Bitcointalk".

On the way to your point OP is that if you can do something interesting, rephrase your questions based on the experience of trying it for yourself in a review of all the information that exists here and outside, part of the premise of bitcoin is to have easy access, you can start with small amounts.

BTW,  if you are of legal age you should know what you do, then, when you make an "important" money investment, that can vary according to the capacity (money)of each person and in that sense it is complex.

In that same sense of investment in the "importance" one should know what to do, it is no different that you get scammed or things go wrong compared to the real world (offline).

People have such easy access to a valuable asset like bitcoin like no other, which is what makes it beautiful, that is, being able to invest $10 in a second is as easy as doing it for millions of dollars.

Everything is life experience to start with bitcoin, and then you need to read the basics, but! that in Essence is one of the weaknesses that I have always seen, people who in their life have bought nothing, perhaps some only know how to manage their allowance.

And that's where we return to your OP,  hell!! start by doing a normal shopping, paying bills, buying your own clothes, anyway, surely you must be over 18 years old, then you may manage your money well or if you do it and you're a guy responsible surely a little reading will do. That is to say, we arrive at the point indicated again.

In any case, hopefully in this 2023 this type of ideas or "silly" questions will not continue, although I am one of those who think that a stupid question is the one that is not asked.

So it is the board incorrect, I say; we discuss about bitcoin here, is not a kindergarten, or ask things like OP does.

For those who have doubts about that, some examples.
"How profitable..."
"I am interested in investing but I don't have that much experience..."

but this is the icing on the cake for disasters:

"I am very interested to invest right now if I get the help of a good investor... "

Please, avoid shouting this to the 4 winds, thank you.

It's not easy, it's true, but bitcoin gives you the opportunity to be your own fund manager, unless you have an investment based on a "significant" amount, you should go there but someone who knows where to go and handles significant amounts will never I would write that, you are bait to be caught.

Finally take care.
^{post title: Hit the Road Jack, Song by Throttle.}

More precisely with "lump sum" when money is ready to buy all at once in the sense that you have earned extra money then you can do a lump-sum but with DCA it is their best method because you can buy with small money and it is still quite easy to start from $ 10 can also but indeed it must be run according to our abilities.

The risk of volatility is certain in bitcoin but believe that the previous cycle will definitely occur in the next year's cycle, with spandan it will produce better results because it will see how bitcoin will be in 2024/25.
It's still quite ideal to buy at an average price of $17k especially with a lump-sum it's still quite profitable to take the low price.

@OP, MK4 is not trying to discourage you, but if you must know, investing in bitcoin is good, but there are other streams of income like doing business, learning a skill, or entering a professional discipline.

In the forum, you will hear lots of opinions and suggestions, but before you invest, study about bitcoin, understand the strategy of bitcoin investment, and make your investment decision. That decision is not something anyone can do for you, nor is it something that should be done in a hurry.

From your topic title, it seems you are just looking for a strategy to profit from Bitcoin in 2023, but Bitcoin investment usually requires a long-term holding to earn a profit, or you are either buying on DCA or trading futures on CEX, and that requires some skills.

There is this old saying, "If you can't hold, you won't be rich." also have that in mind.



Those two links from Pmalek are good learning materials for Bitcoin newbies.


Dr.B_S ✌️👺

DCA isnt something that for everyone considering that we dont really have that unlimited funds which we could really be able to put in.If we had already done it earlier then there's no way that you can do further specially

when the price is still plummeting or decreasing.I could say for those people who had invested into this month of January can really be considered as a good entry and it wont really be that a bad idea on holding it up for

future and it is really been considered to be a good start up.If you do hold then its your choice but if you do make out some active trades then it would be always your choice.

I agree, but it would be more profitable if they dare to buy a lot when the price has fallen more than 75% in the previous days. They can also buy with DCA if they still have doubts about the possibility of a further correction, but if they are able then certainly profit can be made in the long term. The cycle will continue to alternate where after a large increase will be followed by a correction, and vice versa.

In the long term, investing in bitcoin will be more likely to generate worth it returns, and i thing it is worth the risk of its price volatility.

OP keep on buying in a small amount and just continue. As a newbie, you should not enter the trading market without proper knowledge. All you can do now is buy and HODL. That way you keep filling your bags while learning the basics to advance of the whole concept and by the time you reach the point where you can be confident to trade with your assets, you will have a good amount to start with. And then I won't have to tell you what to do, you will understand it yourself.
Try to learn about DCA and make a target where and when you should purchase in order to keep your investment in a flow. And when the market goes down, don't get emotional and sell. Buy again to average your investment. Keep in mind, Bear market is an opportunity.

You should see profits if you DCA in long enough.

The situation in Bitcoin's market price is still not showing a clear trend line but if you would be able to hit the right entry and TP points, for sure you'd earn profit little by little depending on your margin. But if it is for a longer holding, then it is still hard to tell at this point. The year has just started and the market prices are still not showing huge price movements which makes an impression that prices could be a bit stagnant this year. But that is not to conclude. This technology in general is unpredictable; anything could happen because of various factors; could either be good or bad. So if you are planning and you don't want to 'gamble' that much, wait for the right time; when you're ready to endure inconsistencies and once there is a better viewpoint with the price's direction.

Because no one cares about technology. Money is the power. If it would be possible to earn easy, we would still leave in stone age. Who needs development, when all humans care about is to eat tasty food. Satoshis general idea has failed.People managed to screw everything and turn it into money.

Those who care about Bitcoin profitability in 2023 - Bitcoin will be profitable as long as it does not get world wide acceptance and government control. Till that, it will be profitable at any price.

All you just said was Satoshi's original goal when creating bitcoin, but now things have gone in a different direction. Bitcoin is an investment, it is a commodity, and we need to accept this fact. I'm pretty sure that 99% of the users on this forum or in the market, what everyone is interested in is what the price of bitcoin will be, what price to buy and at what price to sell for the best profit, few people will care about technology if it does not bring benefits.

The Cryptocurrency world is open for everyone that's true but that doesn't mean anyone with zero knowledge about this technology can  jump in and make huge profit.
You need to be well equipped with volatility, speculations and price volatility to deal with bitcoin.
You can earn  profits in short term occasionally, for long-term profits you need to have an investment strategy that is spanned over a period of time. Short term investment doesn't work in long term.