if you can hold it long term till next bull run maybe 2024/2025. than go for it.
as how much profit. no one can say for sure let say btc rise to 1m usd/coin. doesn't mean you will set at 1m. it depend on when you decide to sell it
Topic: How profitable it is possible to invest in bitcoins in the new year 2023. - page 3. (Read 784 times)
January 10, 2023, 09:37:42 AM
January 10, 2023, 09:32:03 AM
You're very much welcome into this wonderful forum as you come seeking investment advise from experience traders/investors in this space.
However, no one is an investment advisor here and whatever information you may get here or from me only stands to guide you navigate your Bitcoin/crypto journey successfully, and it's much better you also continue to do your own research (DYOR) as you've have stated you've done some researches.
To start with , I suggest getting more knowledge about Bitcoin is very important because there are things you need know relating to Bitcoin before investing, Things like the security aspect of Bitcoin, basically how to store it safely in a wallet like Electrum wallet, ledger nano wallet (self custody and avoid storing in an exchange), and you need know how to carry out Bitcoin transaction (Buying and selling) to actually begin with Bitcoin.
Lastly, Dollar cost averaging (DCA) is always the best method to accumulate some Bitcoin.
However, no one is an investment advisor here and whatever information you may get here or from me only stands to guide you navigate your Bitcoin/crypto journey successfully, and it's much better you also continue to do your own research (DYOR) as you've have stated you've done some researches.
To start with , I suggest getting more knowledge about Bitcoin is very important because there are things you need know relating to Bitcoin before investing, Things like the security aspect of Bitcoin, basically how to store it safely in a wallet like Electrum wallet, ledger nano wallet (self custody and avoid storing in an exchange), and you need know how to carry out Bitcoin transaction (Buying and selling) to actually begin with Bitcoin.
Lastly, Dollar cost averaging (DCA) is always the best method to accumulate some Bitcoin.
January 10, 2023, 09:22:02 AM
Can't get much idea about the market. How should I start investing right now, should I start with a small amount of money or should I start with a lot of money? Those who have good knowledge about investment will definitely help me in this regard.
To be honest, the cryptocurrency world is rather difficult in "accurately" predicting the trend of its prices. With its high volatility, the price may either increase/decrease without given notice. In addition to it, unlike in stocks, the trading aspect happens every minute as compared to stocks where the trading happens on a certain time.
If you want to start investing in cryptocurrency, then treat it as a normal investment. But you have to regularly check its price on the market. I know lots of people who accumulated profit even in short-term investment due to sudden spikes in its price.
As a general rule also, only invest what you can afford and lose at the same time. Be wary of current events since majority of the news affect the price of BTC in the market. Good luck on your investment, OP!
January 10, 2023, 09:15:04 AM
The volatile nature of bitcoin makes it unique,and can not also assure you that this will be the time when the price will be profitable or not. Bitcoin was created for p2p transactions but people are not seeing it like that, all they are after is getting profit out of their coin and when things don't work out that way,instead the price drops and the looses, they regrets or get angry forgetting that bitcoin is for a purpose. It is a valuable assets
If you want to invest, go ahead and invest in bitcoin but don't think about a quick profit so that you don't have high expectations and gets disappointed if you don't make any profit at your given period of assumption. You said about profit this year,there is a 50-50 probability on that. Bitcoin price will surely get high along the run but not a quick,quick one.
If you want to invest, go ahead and invest in bitcoin but don't think about a quick profit so that you don't have high expectations and gets disappointed if you don't make any profit at your given period of assumption. You said about profit this year,there is a 50-50 probability on that. Bitcoin price will surely get high along the run but not a quick,quick one.
January 10, 2023, 09:03:23 AM
First of all..... Bitcoin is not an investment.
Bitcoin is a technology that can be used as a currency or payment method ...and as a bonus, you can hoard some coin to see if the price goes up.. from where you bought it... and then you can make some passive profit. (The main goal of owning Bitcoin ..is not to make a profit, but rather to use it as a currency)
The basic idea is a currency, but then bitcoins are traded and become an investment asset because of their price volatility.Bitcoin is a technology that can be used as a currency or payment method ...and as a bonus, you can hoard some coin to see if the price goes up.. from where you bought it... and then you can make some passive profit. (The main goal of owning Bitcoin ..is not to make a profit, but rather to use it as a currency)
I believe most people don't buy bitcoin as a currency, but they buy and invest in bitcoin as an asset instead of other assets like gold or other metals. Also it doesn't go against what the purpose of currency is because that's how bitcoin gets value.
In countries where you can use bitcoin as legal currency, chances are that your mindset is shared by most people. But in countries where bitcoin is not legal as currency, they tend to think of bitcoin as an investment asset rather than using it as currency. Both statements have to be true, and I don't think either one is wrong.
January 10, 2023, 08:53:35 AM
I am interested in investing but I don't have that much experience in investing and am not able to gain good knowledge by doing research. I saw the Bitcoin market was very dumping in late 2022. But now in 2023 the market is increasing again little by little. I am very interested to invest right now if I get the help of a good investor then I will invest in this market. I am looking for a good experienced person advice for bitcoin investment. So that I can profit from investing Bitcoin wealth in 2023. Can't get much idea about the market. How should I start investing right now, should I start with a small amount of money or should I start with a lot of money? Those who have good knowledge about investment will definitely help me in this regard.
If you don't want to give enough time to study, then doing a long-term investment in Bitcoin might be a good idea, we're pretty much at the bottom if you compare it to the past year (though it might still go lower, who knows). If you're unsure of that and want something more, well, backed up, copy trading is also a thing. If you're not familiar, the term says it all, you copy the trading strategy of someone else that they provided. It's not a guarantee that it's effective though so do be careful when studying and judging those available ones. As for the money, start with what you can afford to lose, no matter how big or small. It's an investment, a risky one, so only use what you can risk.
It is true that Bitcoin appears to be bottomed out and price are low for long term investment particularly for those who don't have time to to keep track of market on regular basis.
Though it is difficult to forecast Bitcoin price for the year 2023 with precise accuracy because many factor influence it, including situation of overall world economy, level of Bitcoin adoption & monetary policy of FED, however with indication of decreasing inflation, less severe interest rate increase. Hence, it is likely that Bitcoin market will stabilize in 2023, it is possible that Bitcoin price will keep moving between the range of 20-25K.
January 10, 2023, 07:48:57 AM
I am interested in investing but I don't have that much experience in investing and am not able to gain good knowledge by doing research. I saw the Bitcoin market was very dumping in late 2022. But now in 2023 the market is increasing again little by little. I am very interested to invest right now if I get the help of a good investor then I will invest in this market. I am looking for a good experienced person advice for bitcoin investment. So that I can profit from investing Bitcoin wealth in 2023. Can't get much idea about the market. How should I start investing right now, should I start with a small amount of money or should I start with a lot of money? Those who have good knowledge about investment will definitely help me in this regard.
Graph of the Bitcoin market right now.
Graph of the Bitcoin market right now.
Welcome to the world of bitcoin.
Quickly, I'll like to give you an advice. When investing in Bitcoin remove the mindset of get rich quick or wealth. I will not guarantee you that bitcoin will make you wealthy but it can make you comfortable.
Bitcoin can only make you super rich if you are rich already and willing to invest much now.
For your question, this is the right time to invest in bitcoin but in order not to miss out, I'll advice you to divide the money you wish to invest into two, buy bitcoin with one and study bitcoin and other cryptocurrency well before you will invest the remaining money.
January 10, 2023, 07:38:21 AM
First of all..... Bitcoin is not an investment.
Bitcoin is a technology that can be used as a currency or payment method ...and as a bonus, you can hoard some coin to see if the price goes up.. from where you bought it... and then you can make some passive profit. (The main goal of owning Bitcoin ..is not to make a profit, but rather to use it as a currency)
You might ask... Why do we need an alternative payment option.. or currency? Answer : Because our primary currency are centralized and manipulated by governments and we see how governments fail their citizens all over the world. ((Example : Zimbabwe (Hyper inflation) or the 2008 Banking crisis ..where Banks were bailed out with tax payers money to pay for Bankers mistakes and fraud))
Bitcoin is a technology that can be used as a currency or payment method ...and as a bonus, you can hoard some coin to see if the price goes up.. from where you bought it... and then you can make some passive profit. (The main goal of owning Bitcoin ..is not to make a profit, but rather to use it as a currency)
You might ask... Why do we need an alternative payment option.. or currency? Answer : Because our primary currency are centralized and manipulated by governments and we see how governments fail their citizens all over the world. ((Example : Zimbabwe (Hyper inflation) or the 2008 Banking crisis ..where Banks were bailed out with tax payers money to pay for Bankers mistakes and fraud))
In my opinion, you can invest in any asset that has the potential to rise in price.
If we believe that Bitcoin is a worthy alternative to the modern financial system, then we can conclude that Bitcoin (as a financial asset) has the potential to rise in price in the future.
At the same time, its price dropped from a record $69,000 to $17,000.....
If we believe that Bitcoin is good money, then it makes sense to buy it now and expect its price to rise in the future. That is, we consider Bitcoin (a means of payment) as a classic investment.
January 10, 2023, 06:56:43 AM
Buy when there is blood on the streets! Now, in my opinion, is a good time to begin accumulation for a long term hold. Just do not go all in at once!
January 10, 2023, 06:45:44 AM
I am not ready to invest for a long time right now. Currently I have some money with which I trade to make some more money and then prepare to buy and hold bitcoins for the long term. I think buying bitcoins at present is definitely profitable but I need to be patient enough. But I don't have that much patience right now so I want to invest in Altcoin with a small amount first. And later invest some profit from here in Bitcoin for long time.
In other words, do you want to make a quick profit and do you think that you will achieve this by investing in altcoins? Of course, there are coins that achieve 30% or more growth overnight, but these are pump&dump schemes in which beginners have nothing to look for, because sooner or later they will lose everything they have invested and earned.
In addition, it is not difficult to notice that the desire to invest strongly increases as soon as the market moves slightly in a positive direction. Everyone thinks that this is a sign of a new bull run and that they will make some money quickly, and on the other hand, only a few months ago you could buy Bitcoin below the level of $16k.
January 10, 2023, 06:40:56 AM
First of all..... Bitcoin is not an investment.
Bitcoin is a technology that can be used as a currency or payment method ...and as a bonus, you can hoard some coin to see if the price goes up.. from where you bought it... and then you can make some passive profit. (The main goal of owning Bitcoin ..is not to make a profit, but rather to use it as a currency)
You might ask... Why do we need an alternative payment option.. or currency? Answer : Because our primary currency are centralized and manipulated by governments and we see how governments fail their citizens all over the world. ((Example : Zimbabwe (Hyper inflation) or the 2008 Banking crisis ..where Banks were bailed out with tax payers money to pay for Bankers mistakes and fraud))
Bitcoin is a technology that can be used as a currency or payment method ...and as a bonus, you can hoard some coin to see if the price goes up.. from where you bought it... and then you can make some passive profit. (The main goal of owning Bitcoin ..is not to make a profit, but rather to use it as a currency)
You might ask... Why do we need an alternative payment option.. or currency? Answer : Because our primary currency are centralized and manipulated by governments and we see how governments fail their citizens all over the world. ((Example : Zimbabwe (Hyper inflation) or the 2008 Banking crisis ..where Banks were bailed out with tax payers money to pay for Bankers mistakes and fraud))
January 10, 2023, 06:21:05 AM
I am interested in investing but I don't have that much experience in investing and am not able to gain good knowledge by doing research. I saw the Bitcoin market was very dumping in late 2022. But now in 2023 the market is increasing again little by little. I am very interested to invest right now if I get the help of a good investor then I will invest in this market. I am looking for a good experienced person advice for bitcoin investment. So that I can profit from investing Bitcoin wealth in 2023. Can't get much idea about the market. How should I start investing right now, should I start with a small amount of money or should I start with a lot of money? Those who have good knowledge about investment will definitely help me in this regard.
Graph of the Bitcoin market right now.
How much you want to invest will depend on your financial situation. If your financial condition is good then you can invest big. If your financial condition is moderate then you can invest at a limited rate. The market ended 2022 with a very poor position. However, at the beginning of 2023, the market started to grow slowly again. You can invest in Bitcoin in 2023. 2023 will be a pumping year for Bitcoin as a whole and 2024 will be a major Bitcoin halving. So, without fear of investment, invest in this instant market, the market may gradually grow from here and break the old record of Bitcoin and create a new record. Graph of the Bitcoin market right now.
January 10, 2023, 06:07:39 AM
I am not ready to invest for a long time right now. Currently I have some money with which I trade to make some more money and then prepare to buy and hold bitcoins for the long term. I think buying bitcoins at present is definitely profitable but I need to be patient enough. But I don't have that much patience right now so I want to invest in Altcoin with a small amount first. And later invest some profit from here in Bitcoin for long time.
You need to change that mindset because bitcoin should be the main asset that is your investment choice. It doesn't matter how much you can get, but you shouldn't wait too long because bitcoin never waits for you to be ready. Indeed, you can invest anytime and at any price, but if you don't dare to take advantage of the 75% discount from ATH then maybe you just don't know what the potential of bitcoin is.But you have the right to decide whatever you want, including trading or investing in altcoin for a certain period of time. I hope you can make profit from what you have, but I think you should get some bitcoin now.
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January 10, 2023, 05:23:27 AM
This year is still a good year to invest in bitcoin as the price has not increased very much and is still under $20k. You can use this time to start investing and you must have time to stop investing in bitcoin, especially when the price is already very high. You can use the DCA strategy, where you buy lots of bitcoins at low prices with a certain amount of money, which will help you collect more bitcoins. By regularly buying bitcoins at the current low price, you can have a lot of bitcoins and sell them when the price is very high in the future.
It is the goal of 2023 to invest according to the reasonable distribution of one's own income and to continue to learn from the forum. Adding that I spend $200 of my income to buy Bitcoin every month, I think I will have a very good income in the not-too-distant future. Whether you are a novice or an experienced person, it is the wisest choice to stay away from centralized exchanges and secondary market transactions.You have a good plan to be able to invest in bitcoin and use $ 200 each month. But you really have to be able to buy at the lowest price and don't buy all-in right away because we can see that there are several lowest prices that bitcoin can reach.
January 10, 2023, 12:29:25 AM
you are in 2023 mate so investing to this cryptocurrency isn't that bad at all because all you have to wait is small time before gaining what you are looking for(not at least over expecting lol)
so never be afraid as you are talking about Bitcoin here mate , even if there is no speed returns at least this is safest right?
Buy now mate as the price is cheap than the coming season, remember that halving will happen next year and the effect may take at least till 2025.
so never be afraid as you are talking about Bitcoin here mate , even if there is no speed returns at least this is safest right?
Buy now mate as the price is cheap than the coming season, remember that halving will happen next year and the effect may take at least till 2025.
January 09, 2023, 11:55:44 PM
Every year bitcoin move to the new hand of the people and new people get into the crypto currency.Even the price of bitcoin was reduced and pump every time.The investors come to the crypto currency for their digital assets.When the market bounce to reverse,the huge pump and dump was enough in the market.So both can be used to gain some good profit from it.When you analysis the market,it was very clear that both the investment and trading of bitcoin was the profitable one.Most of the traders are day time traders now,they will make the investment and get the margins and sell their assets.Whenever we gain some good profit from the beginning trading will be the best option for the long term traders.When you are new and reading this thread,you should start the trade with 10 dollars.Then you won’t loss huge at the beginning.
January 09, 2023, 11:12:17 PM
From the title of the topic you write, I could guess that you are new in the bitcoin market and a new investor, yet that's too soon to say how 2023 will be because most of us don't even have any information about what's going to happen even in a few weeks and until today just 10 days passed from the year of 2023, so we cannot say anything about it yet. but from what we saw during these years depending on how you aim every year can be profitable for investing on bitcoin if you are aiming for the long term.
the best in my opinion, you still buy bitcoin within your means even in small amounts, and if you do it gradually and regularly your bitcoins will become a lot and aim for the long term. And also buy with money that you can afford to lose, but it's all up to you, maybe you know which atlcoin is profitable according to you without following the movement of bitcoins, that's your right.
January 09, 2023, 10:58:37 PM
There will not be much profit in 2023. Many experts say that the economy will not look good in 2023. Because the US dollar has raised interest rates, various countries have experienced economic recession. I think it is good that Bitcoin can maintain this price.
January 09, 2023, 09:05:41 PM
But now in 2023 the market is increasing again little by little.
Bitcoin is fighting to stay above the 17,000$, but it's still too early to call it a support level, I think...How should I start investing right now, should I start with a small amount of money or should I start with a lot of money?
You are the best person to answer this question. Bitcoin is a risky investment, so it's advised to only invest money you can afford to lose and that you aren't going to need on the next years, neither for emergencies. If you have a lot of money under this condition, you can buy a large chunk of BTC. It's up to you. Just make sure to hold your coins in a safe spot, preferentially in a cold Ledger or Trezor wallet, what means an extra investment is needed in order to purchase it as well. 
January 09, 2023, 08:43:44 PM
From the title of the topic you write, I could guess that you are new in the bitcoin market and a new investor, yet that's too soon to say how 2023 will be because most of us don't even have any information about what's going to happen even in a few weeks and until today just 10 days passed from the year of 2023, so we cannot say anything about it yet. but from what we saw during these years depending on how you aim every year can be profitable for investing on bitcoin if you are aiming for the long term.
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