Topic: How profitable it is possible to invest in bitcoins in the new year 2023. - page 4. (Read 784 times)

Invested on the end days of 2022 have made 2023 to be profitable.
The market is slowly moving forward. We don't know how things could change. Lets stay positive with the market. Investing into bitcoin at the moment is really good. Right now the market is in a situation that defines whether the price bounce or go downwards. Moving upwards makes us miss opportunity, downturn will make us have patience for the recovery. So, considering it an opportunity it is good to start DCA.

This is new year and we don't know how the market is going to move this time with the hope that everything is going to be fine.
We need to learn to keep investing in Bitcoin in as much as we have the capital to buy more Bitcoin and our finance wi nit affe y other persons.

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.

I would probably set up a reoccurring monthly purchase and leave it be. This kind of investment is for the long run, or at least BTC is at this stage.

For everything else, you can try playing with altcoins in terms of trying to make some profit in the shorter term, but that obviously comes with a grater risk.

As a new investor just coming into a new market, always start small. Don't be in a rush to make profit there by investing an amount that you could go crazy if the market dip. Bitcoin is very volatile so if you aren't investing for a very long time then don't invest too much at a time. Invest small amount of money instead so you can always buy whenever the market dips further.
This method is called dollar cost averaging and have been found to be a very profitable way of investing. Most people that are successful at investing uses dollars cost averaging. Next you should not that what people call diversifying on the forum isn't correct.
Don't buy Bitcoin them go buy altcoins and think you're diversifying, that's incorrect as all asset in this market tend to move in the same direction. If you want to diversifying then do that outside the cryptocurrency market like Real estate or forex market.

Welcome to the world of bitcoin mate. 2023 is a good start in investing in bitcoin. Make a DCA or dollar-cost-averaging, I am buying bitcoin monthly. Take note that next year is already the halving year. There are no bad years in the halving history of bitcoin. And it is always the following year after the halving that the price of bitcoin reaches higher than its halving year. My plan is to buy bitcoin monthly until the halving year only.

But before investing. Of course, you need to learn and understand what is bitcoin. It is also a must that you understand how to secure your bitcoins as there are a lot of scammers online. Avoid entertaining direct messages from strangers since everything you need to ask is available in this forum.

Bitcoin is sure worth an investment if you consider it for a long term, asides that you might end up being disappointed with your investment in it. If you suggest to earn a lot of profit from it this year then I might consider it practically or partially impossible because you’ll end up being dissatisfied more and lose hope in bitcoin. Unless you want to make a partial sell of it at bull run, then you’ll get some significant profit from it.

Initially you mentioned you don’t have a knowledge about bitcoin. That’s is what is the most important for you to do at the moment before taking any step into its investment. Lack of knowledge and understanding of the bitcoin market can only lead to high expectations and which will ultimately leads to disappointment. To begin, gain sufficient knowledge and understanding of bitcoin to avoid future disappointment.

If you're looking to make profit this year, I wouldn't suggest Bitcoin. It's a proven tech, a proven asset -- but only speculators make money in the short term. Be prepared to view 1/2 years as short term, and a halving cycle (supply rate adjustment every 4-5 years) as a medium-term time frame, and much longer than that as long-term. I've only had Bitcoin since 2016 and I see myself as maybe midway through a medium-term assessment.

You should not say, so it is very misleading for newbies, bitcoin like any other investment, it can be profitable but can also be risky for us, the higher the return, the higher the risk.

If OP likes high returns and is willing to take risks, then bitcoin is a perfect choice, but if you don't like risk, its not for you. Currently, bitcoin price is showing signs of recovery but I am not sure if it can last or will rise to higher highs, you shouldn't mind such short term prices. To profit from bitcoin, you need to have a long-term vision, not such short-sightedness. I think knowledge is what you need at the moment, not an instant investment.

There is no one answer that fits all for these types of questions, unfortunately! Btw Crypto markets are like the weather, it can get hot(warm) at times and can get cold (cool) regardless of weather so with this analogy you need to understand that there is risk and markets don't move in the direction we intend it to move in. If you choose to invest with the intention of getting a profit be ready for the long journey as it won't be smooth sailing, but I would suggest trading it like Forex to make money off it for every pip it moves be it up or down, good luck.

The price moving around the range of $16.5k have slowly progressed crossing $17250. This growth is really needed one for now. People who have invested little earlier could've experienced the profit. Most of the users who have been waiting for the low bottom might've begun to invest by now believing that the unexpected bounce will continue.

Bitcoin investment is always profitable, it doesn't have any specific year plan for an user. It is upto the user's understanding about the market and decisions made in connection with it.

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 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.

If you dont have much knowledge about Bitcoin then you should first increase your knowledge about this technology. You wont get success solely by relying on others advice.


The market in 2022 is very much same as we have in 2022.
There is investment strategy called DCA (Dollar-Cost Averaging), go thorugh it and see whether it suits you or not. As you said you dont have much experience than start with small capital.

Investing in bitcoins can be a very profitable endeavor if done correctly. In order to maximize your chances of success and minimize the risks, there are certain steps you should take when considering investing in bitcoin for the new year 2023.

First of all, thoroughly research everything involved with investing in bitcoin. Bitcoin is still a relatively young asset class and there is significant risk associated with it. Make sure you have a working understanding of the technology, economics, regulations and other important factors surrounding this asset class before diving into an investment strategy. Speak with experts in the field who can provide personal advice tailored to your individual needs and goals as well as identify any potential pitfalls that may arise along the way.

Second, carefully consider which type of bitcoin investment best suits your appetite for risk as well as financial resources available at your disposal. You could choose to buy bitcoin directly through an exchange or even engage in speculation by trading futures contracts or other derivatives designed to take advantage of its price movements over time (derivative products such as options and leveraged traded funds may also be considered). Setting up regular purchases through algorithms (also known as 'dollar-cost averaging') is another viable option for those wishing to reduce their overall exposure to risk by spreading out their buying decisions across different times during the year instead of only once or twice per annum like most investors tend do.

Thirdly, diversify! Do not put all eggs into one basket! If possible make investments into both fiat currencies such USD/EUR/GBP etc., stocks/bonds/commodities alongside cryptocurrencies so that you have some form of protection against losses that may happen due to volatility present within markets today which could potentially substantially decrease one's wealth overnight so having options outside crypto gives better flexibility more desired optionality overall..

 Finally have realistic expectations about returns on investment from bitcoins; many traders tend overestimate expected reward from past successes leading them astray from correct path towards profitability.. It’s important understand no how volatile market conditions can be what implications will this bear long term terms especially given current political landscape around world.. Monitor news reports relevant crypto space regularly gain insights regulatory dynamics tensions between countries various industries using currency making more informed decisions come tax season too since governments now treat cryptocurrency differently than they used prior years thus requiring people who own digital assets prepare accordingly taxes accordingly avoid running any legal troubles future down line!.

Overall investing in bitcoins new year 2023 lets us capitalize upon opportunities arising frontier while managing risk properly individuals follow these steps thus allowing them realize maximum returns rightfully deserved gains made

The investment cycle of investing in Bitcoin should be observed with at least one bull-bear conversion cycle, rather than one year. In such a short period of time, Bitcoin is an investment product that can only be profited by long-term holding.

You chose a very time to enter the market since bitcoin price is far from the all time high and what's even more important, you chose the right cryptocurrency. Many newbies are attracted by various alts, thinking that they are too late to invest in bitcoin now, while in reality they should invest in bitcoin only since they have no idea how market works.


Its probably the best to start with smaller amount to get yourself familiar with bitcoin, especially how to securely store it which is yet again something that a lot of newbies fail at. Once you get more comfortable to send/receive/store bitcoin, you should proceed with getting bigger amounts, but only if you have some money on the side that you don't need to everyday expenses as you may have to wait for years to profit.

If you want to profit from investing in bitcoin, go for long term holding. Invest in how much you can afford to lose and think of a long term investment. The market is still good for buying bitcoin, and the discount price is still going strong for people who don't take part yet. Don't get late waiting for the price to fall more.

You are in the right place and you did post a thread, so members of this forum will suggest what you need to do now regarding your investment. Just don't listen to anyone who inboxes you with any offer, just ignore them.

I suggest you invest with money that is really cold, or money that really won't be used in the long term, because investing in bitcoin is better in the long term, it doesn't matter how much money you invest, the most important thing is that the money is cold or not will be used in the long term.
because I have personal experience, I first invested using borrowed money, and as a result I was a lot worried about my investment, the point is I wasn't calm in my mind, at that time I thought that investing must be personal money that won't be used long term, so I can be more calm in invest in bitcoin or crypto.

Invest with knowledge, don't invest in what you see or hear from someone. Although 2023 is also considered a good year to invest as the bitcoin price is still quite low, but it will be good for those who already have good experience and understanding of bitcoin. For you, don't know anything about it, what you are seeing is it's increasing in price, and you want to invest in making a profit, but it's more complex than you see it.

Let's say BTC is 17.2k, and you buy from now on, it doesn't increase anymore but drops to 10k, then you will surely panic and sell at a loss immediately. So please be equipped with knowledge before investing, and the knowledge you can find on youtube is a lot, it is enough for newbies.